Wct Holdings Bhd. · MYX:WCT
Wct Holdings Bhd — Q4 2020 Earnings Presentation
32 slides from Wct Holdings Bhd's earnings presentation, Mar 17, 2021
Slide 1: WCT Holdings Berhad Investor Briefing – 4th Quarter 2020
WCT Holdings Berhad INVESTOR BRIEFING – 4th Quarter 2020 Updated: 17/03/2021 Strictly Private & Confidential
Slide 2: Financial Highlights
Financial Highlights Strictly Private & Confidential
Slide 3: Segmental Results Q4 2020 (3 months)
Segmental Results Q4 2020 (3 months) E&C PD PI&M Consolidated RM’mil RM’mil RM’mil RM’mil Revenue from external customers 453.3 49.4 44.5 547.2 Profit/(Loss) from operations 1.4 (16.1) (65.5) (80.2) Share of results of associates (4.0) Share of results of joint ventures 0.3 (43.4)* (38.2)** (81.3) F
Slide 4: Segmental Results YTD 2020 (12 months)
Segmental Results YTD 2020 (12 months) E&C PD PI&M Consolidated RM’mil RM’mil RM’mil RM’mil Revenue from external customers 1,257.1 278.9 172.7 1,708.7 Profit/(Loss) from operations 42.1 48.0 (4.1) 86.0 Share of results of associates 5.0 Share of results of joint ventures 1.2 (50.5)* (44.9)** (94.2)
Slide 5: Debt to Equity (DE) Ratio
Debt to Equity (DE) Ratio As at As at 31 Dec 2020 31 Dec 2019 RM’mil RM’mil Total bank borrowings 2,957 3,086 Cash & bank balances & FD (527) (646) Net borrowings 2,430 2,440 Shareholders equity (including Perpetual 3,704 3,722 Sukuk & NCI) Gross DE Ratio 0.80 0.83 Net DE Ratio 0.66 0.66 Strictly Pr
Slide 6: Engineering & Construction
Engineering & Construction Strictly Private & Confidential
Slide 7: Outstanding Order Book as at December 2020
Outstanding Order Book as at 31 December 2020 Expected Outstanding Completion RM’mil TRX, Kuala Lumpur (infra & roadway works) 2021 58 Pan Borneo Highway (66km highway from Sungai Arip Bridge to Bintulu Airport Junction) 2022 526 West Coast Expressway (Shah Alam Expressway Interchange to NKVE/FHR2 I
Slide 8: List of Tenders Submitted/Pending Submission
List of Tenders Submitted/Pending Submission (as at 11 March 2021) RM’ mil Local - Civil & Infrastructure > 6,000 Local – Building Works > 4,000 Total > 10,000 Strictly Private & Confidential Page 7
Slide 9: Property Development
Property Development Strictly Private & Confidential
Slide 10: Property Development - Snapshot
Property Development - Snapshot Q1 : RM74 mil* Q2 : RM70 mil 2020 Revenue Q3 : RM86 mil Q4 : RM49 mil YTD : RM279 mil Q1 : RM13 mil* Q2 : RM15 mil 2020 Profit Before Tax Q3 : RM4 mil Q4 : (RM67 mil) YTD : (RM35 mil) Q1 : RM123 mil Q2 : RM26 mil 2020 Property Sales Q3 : RM93 mil (as at 31 Dec 2020) Q
Slide 11: Property Development – 2020 Sales & Take-up Performance
Property Development – 2020 Sales & Take-up Performance + 201 mil (71%) SALES TAKE-UP CMCO (14 Oct - 31 Dec) 500 milmil RM500 484 mil + 99 mil (54%) 400 milmil RM400 Intensive online marketing RMCO Online Sales Experience (10 Jun - 13 Oct) 350 mil Mini events in small groups 300 milmil RM300
Slide 12: Property Development – Q-O-Q Cumulative Sales Performance
Property Development – Q-O-Q Cumulative Sales Performance 2019 2020 400 mil mil RM400 350 mil 322 mil 300 mil mil RM300 + 28mil 9% 242 mil RM200 200 mil mil 155 mil + 56% 149 mil 123 mil RM100 100 mil mil MCO + 161% (18 Mar - 3 May) 57 mil + 780% CMCO RMCO CMCO 14 mil (4 May - 9 Jun) (10 Jun - 13 Oc
Slide 13: Property Development – Clearing of Inventories
Property Development – Clearing of Inventories 1,000 mil mil RM1,000 + RM100mil (90 units) unsold Waltz (completed end 2Q20) 800 mil mil RM800 820 mil 767 mil 796 mil 752 mil -65mil 731 mil 696 mil -8% RM600 600 mil mil RM400 400 mil mil 200 mil mil RM200 RM0 0 mil mil 4Q19 1Q20 2Q20 3Q20 14 Mar 21
Slide 14: Completed Inventories
Completed Inventories (as at 14 March 2021) TYPE LOCATION BAL UNIT(S) BAL NDV (RM’ mil) 1 Semi-Ds & Bungalows Klang 3 7 2 Offices Klang 19 52 3 Affordable Apartments (RSKu) Klang 46 10 4 Service Apartments Klang 30 18 5 Service Apartments Shah Alam 123 66 6 Service Apartments Kelana Jaya 242 246 7 C
Slide 15: Market Outlook 2021
Market Outlook 2021 Market Outlook 2021 1. HOC 2.0 Campaign (1Jun20 31May21) for Developer’s units. Full Stamp Duty exemption : MOT : property value ≤ RM 1.0mil (1mil 2.5mil @ 3%) LA : loan value ≤ RM 2.25mil Impact to WCTL : All residential projects 2. Budget 2021 (1Jan21 31Dec25). Full Stamp
Slide 16: Sales Target 2021
Sales Target 2021 RM450 mil RM400 mil RM350 mil RM300 mil RM250 mil RM200 mil RM150 mil RM100 mil RM50 mil RM0 mil Strictly Private & Confidential Page 15
Slide 17: Sales Target 2021 & New Launches
Sales Target 2021 & New Launches N EW LAUN CHES 2021 2Q21 3Q21 3Q21 3Q21 4Q21 TOTAL Development Maple, TB Plot 1, T1 H illt op 2 A9, Adenia Maple, TC Location OUG JGCC MONT' KIARA BBT3 OUG Land Size 4.91 ac. 9.87 ac. 3.14 ac. 3.02 ac. 4.91 ac. NSA 303,568 sf. 338,283 sf. 633,375 sf. 165,615 sf. 434,
Slide 18: Sales & Marketing Strategies
Sales & Marketing Strategies Strategies 1. Promote contactless online sales pitching & booking via Virtual Sales Gallery. 2. Double Bonanza (WCT 40th Anniversary Campaigns + Festivities). 3. Creative Sales Package, including Rent-to-Own for Inventories. 4. Expansion of REA Sales Channels (Local & In
Slide 19: On-going Property Projects
On-going Property Projects Aronia Apartment, Bandar Parklands, Klang Description 320 units of Rumah SelangorKu (RSKu) Apartment Estimated GDV RM80 million Launch Date June 2019 Sales Take-up 43% (31Dec20) Exp. Completion June 2021 Paradigm Residence, Johor Bahru Description 263 units of Service Apar
Slide 20: On-going Property Projects
On-going Property Projects TC Maple Residences, W City OUG @ KL TB Description 940 units of Condominium TA Estimated GDV RM940 million Launch Date Nov 2020 - TA (303 units, RM235 mil) Sales Take-up 76% (31Dec20) Exp. Completion Apr 2025 Strictly Private & Confidential Page 19
Slide 21: Future Property Projects
Future Property Projects TC Maple Residences, W City OUG @ KL TB Description 940 units of Condominium TA Estimated GDV RM940 million Launch Date 2Q21 - TB (295 units, RM270 mil) 4Q21 - TC (342 units, RM435 mil) GDV = RM11 bil Total Resi Units = 11,500 Esti. Population = 46,000 Dev Period = 10 – 15 y
Slide 22: Future Property Projects
Future Property Projects Hilltop 2, Mont Kiara, Kuala Lumpur Description 341 units of Condominium Estimated GDV RM685 million Launch Date 3Q2021 W City JGCC @ JB Description 971 units of Service Apartment Estimated GDV RM510 million Launch Date 3Q2021 - T1 (489 units, RM280 mil) 2Q2022 - T2 (482 uni
Slide 23: Future Property Projects
Future Property Projects Adenia Apartment, Bandar Parklands, Klang Description 181 units of Apartment Estimated GDV RM68 million Launch Date 3Q2021 Strictly Private & Confidential Page 22
Slide 24: Land Bank
Land Bank (future development and for sale as at 31 Dec 2020) LOCATION DEVELOPMENT TYPE LAND AREA (ac.) 1 W City OUG @ KL Mixed 61 2 W City JGCC @ JB Mixed 10 3 Mont Kiara, KL Residential 3 4 Bukit Tinggi 1,2 & 3, Klang Mixed 103 5 Medini Iskandar, Johor Mixed 39 6 Sungai Buaya, Selangor Integrated
Slide 25: Property Investment & Management
Property Investment & Management Strictly Private & Confidential
Slide 26: Retail Malls
Retail Malls Bandar Bukit Tinggi, Paradigm Mall, Petaling Jaya gateway@klia2, Sepang Paradigm Mall, Johor Bahru Subang Skypark Klang Occupancy rate 100% 98% 87% 92% 91% Opening Year 2007 2012 2014 2017 Acquired Apr18 WCT Ownership 100.0% 70.0% 70.0% 100.0% 60.0% Retail Lettable 1,000,950 sq ft 670,0
Slide 27: Retail Malls – WCT Vouchers Bonanza Sales 2021
Retail Malls WCT Vouchers Bonanza Sales 2021 Vouchers Bonanza Sales 3.0 is back with popular demand! 20% Off with minimum purchase of RM200 WCT Buddy e-voucher at participating malls including Paradigm Mall PJ, Paradigm Mall JB, gateway@klia2 & Subang Skypark, happy shopping! This bonanza sales will
Slide 28: Retail Malls – Exclusive Abalone Deals 2021
Retail Malls Exclusive Abalone Deals 2021 Chinese New Year 2021 is approaching soon and it’s last chance to purchase Abalone Deals from WCT Malls. “Click and Collect” promotion specially for WCT Group employees. All you have to do is “Click” to shop your quantity and “Collect” at the respective mall
Slide 29: Retail Malls – WCT E-Shop Food Ordering
Retail Malls Come and support food ordering from WCT e-shop now and don’t miss out the promo code of RM5 OFF when you place order at participating outlets, Paradigm Mall Petaling Jaya! WCT E-Shop food ordering will open up the radius from 5km to 15KM and we will run a RM5 #MUSTORDER promo code to bo
Slide 30: Retail Malls – Portfolio Member Base
Retail Malls As at 31 Dec 2020 Age Group Distribution 15,802 40.0% 35.0% 30.0% 36.6% Portfolio Member Base 25.0% 23.4% 25.5% 20.0% 15.0% 10.0% 8.3% 3,046 3.8% 5.0% 0.7% 0.7% 1.0% 0.0% New Members This Month 63.0% 37.0% Strictly Private & Confidential Page 29
Slide 31: Q&A
Q&A Strictly Private & Confidential
Slide 32: Thank You
Thank You Strictly Private & Confidential