Sunway Bhd. · MYX:SUNWAY
Sunway Bhd — Q4 2014 Earnings Presentation
16 slides from Sunway Bhd's earnings presentation, Feb 25, 2015
Slide 1: Q4 2014 Results Review Briefing Pack
sunway berhad Q4 2014 Results Review Briefing Pack 25 February 2015
Slide 2: Surpassing Expectations Yet Again
Surpassing Expectations Yet Again 1) All Round Strong Performance • Q4 Core PATMI up an astounding 30.0% • Full Year Core PBT up 20.4% • Full Year Core PATMI up 22.3% to RM 591.7 million • Full Year Core PATMI margin improves to 12.2% from 10.2% • Improved performance due to stronger results particu
Slide 3: Overview of Key Performance Highlights
Overview of Key Performance Highlights RM mil Q4 FY 2014 Q4 FY 2013 Q3 FY 2014 YTD 2014 YTD 2013 Oct - Dec 2014 Oct - Dec 2013 Jul - Sep 2014 Jan - Dec 2014 Jan - Dec 2013 Audited Revenue 1,477.5 1,329.9 1,134.0 4,841.9 4,721.4 PBT 407.8 1,254.2 185.2 968.8 1,900.4 Core PBT 281.2 227.7 190.8 797.6 6
Slide 4: Balance Sheet and Gearing
Balance Sheet and Gearing FYE 31/12/2014 FYE 31/12/2013 Audited RM'mil RM'mil Non-current Assets 6,737.4 6,253.3 Current Assets 6,179.0 4,839.6 Assets Held for sale - 8.7 Total Assets 12,916.4 11,101.6 Current Liabilites 4,475.6 4,074.0 Non-current Liabilities 2,107.0 1,317.5 Liabilities Held for sa
Slide 5: 2014 Financial Highlights
2014 Financial Highlights Revenue (RM’mil) Revenue (RM'mil) CoreCore PATMI PATMI (RM’mil) (RM'mil) 6,000.0 500.0 484.0 591.7 4,841.9 450.0 206.1 5,000.0 4,721.4 22% 400.0 4,128.8 350.7 1,477.5 350.0 4,000.0 3% 149.3 300.0 3,000.0 250.0 1,134.0 200.0 2,000.0 126.0 150.0 1,204.6 100.0 1,000.0 1,025.7
Slide 6: Segmental Analysis (FY 2014)
Segmental Analysis (FY 2014) REVENUE CORE REVENUE CORE PATMI CORE PATMI 9% 12% 5% 25% 6% 13% 4% 39% RM 4.8 bil RM 591.7 mil 12% 20% 36% 19% Property Development Property Investment Division Construction Trading & Manufacturing Quarry Others 6
Slide 7: Property Development Segmental Review
Property Development Segmental Review Q4 2014 Q4 2013^ Q3 2014 YTD 2014 YTD 2013^ Revenue (RM'mil) 496.3 417.2 178.0 1,198.3 1,167.1 Operating Profit (RM'mil) 98.1 97.1 79.1 287.3 229.0 Op. Profit Margin 19.8% 23.3% 44.4% 24.0% 19.6% EBIT (RM'mil) (incl. share of assc. & JCE) 116.8 134.3 96.1 359.7
Slide 8: Sales as at 31 December 2014
Sales as at 31 December 2014 Sales as at December 2014 is RM1.7 billion 483 220 197 140 138 97 88 82 81 51 36 34 33 31 Velocity South Quay Geo Iskandar Montana Eastwood Singapore Wellesley Ipoh Lenang Damansara China Cassia Others Residences Effective Sales as at December 2014 is RM1.3 billion 410 1
Slide 9: Unbilled Sales as at 31 December 2014
Unbilled Sales as at 31 December 2014 Unbilled Sales as at December 2014 is RM2.5 billion 660 555 352 328 207 128 109 63 57 70 South Quay Velocity Singapore Geo Montana Iskandar Lenang Eastwood Wellesley Others Residences Effective Unbilled Sales as at December 2014 is RM1.9 billion 472 396 352 207
Slide 10: Property Investment Segmental Review
Property Investment Segmental Review Q4 2014 Q4 2013^ Q3 2014 YTD 2014 YTD 2013^ Revenue (RM'mil) 160.4 165.8 151.8 594.5 578.3 Operating Profit* (RM'mil) 49.9 37.3 31.2 128.3 109.9 Op. Profit Margin 31.1% 22.5% 20.5% 21.6% 19.0% EBIT* (RM'mil) (incl. share of assc. & JCE) 75.4 60.4 55.9 223.3 190.1
Slide 11: Construction Segmental Review
Construction Segmental Review Q4 2014 Q4 2013^ Q3 2014 YTD 2014 YTD 2013^ Revenue (RM'mil) 478.0 443.0 488.2 1,751.0 1,621.7 Operating Profit (RM'mil) 60.2 -27.6 21.8 138.7 30.9 Op. Profit Margin 12.6% -6.2% 4.5% 7.9% 1.9% EBIT (RM'mil) (incl. share of assc. & JCE) 60.5 21.4 17.7 141.4 81.2 EBIT Mar
Slide 12: Construction Order Book – RM3.0 billion
Construction Order Book – RM3.0 billion Contract O/S Order Sum Book RM'mil RM'mil Infrastructure MRT Package V4 (Sec 17 to Semantan) 1,173 557 LRT Kelana Jaya Line Extension (Package B) 569 165 BRT Sunway Line 453 125 Johor Urban Wellness Centre 283 164 53% MRT Package V4 Coastal Highway Southern Li
Slide 13: Milestones YTD 2014
Milestones YTD 2014 Construction Order Book Replenishment: • Sunway Medical Centre Phase 3 – RM178 million • Sunway Geo Retail Shops & Flexi Suites – RM153 million • Sunway Iskandar – Citrine Service Apartments – RM200 million • Sunway Velocity 2 Mall – RM350 million • Coastal Highway Southern Link
Slide 14: Property Launches YTD 2014
Property Launches YTD 2014 Project Type Stake Total GDV Take up / Bookings Sunway Wellesley Townhouses & Semi-D 100% RM120 mil 60% (+7% bookings) Sunway Eastwood Superlink 100% RM85 mil 71% (+14% bookings) Sunway V-Residences 2 Service Apartments 85% RM271 mil 88% (+2% bookings) Sunway Geo Residence
Slide 15: Launches & Sales Trend
Launches & Sales Trend Effective Launches Launches TARGET Effective Sales Sales 2.4 bil 2.1 bil 2.1 bil 2.0 bil 1.7 bil 1.8 bil 1.8 bil 1.8 bil 1.7 bil 1.7 bil 1.7 bil 2.0 bil 1.8 bil 1.5 bil 1.3 bil 1.6 bil 1.5 bil 1.4 bil 1.4 bil 1.3 bil 1.3 bil 851 mil980 mil 1.2 bil 1.1 bil 994 mil 776 mil 558 m
Slide 16: Thank You
Thank You Email : irsunwayberhad@sunway.com.my Website : www.sunway.com.my Next quarter announcement on 28 May 2015 This presentation may contain certain forward looking statements due to a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limi