Malaysian Resources Corp. Bhd. · MYX:MRCB
Malaysian Resources Corp. Bhd — Q3 2020 Earnings Presentation
18 slides from Malaysian Resources Corp. Bhd's earnings presentation, November 2020
Slide 1: Analyst Briefing: Quarter Ended 30 September 2020
ANALYST BRIEFING Quarter Ended 30 September 2020 www.mrcb.com 11
Slide 2: Table of Contents
Table of Contents 3 Our Response To COVID-19 4 MRCB Financial Summary 5 Key Highlights 6 Financial Performance 10 Segmental Reporting: Overview 11 Segmental Reporting: Property Development & Investment 16 Segmental Reporting: Engineering, Construction & Environment 2
Slide 3: Our Response To COVID-19
Our Response To COVID-19 Ensuring A Sustainable Business Immediate Response Long-term Response to COVID-19 Impact Activated Business Continuity Plan Revisit the Group’s Strategy • Work-from-home implemented seamlessly • Review upcoming launches • Work at all sites resumed upon implementation of CMCO
Slide 4: MRCB Financial Summary
MRCB Financial Summary MRCB 9M FY2020 Overview MRCB Segment Overview Revenue Loss Before Tax Property Engineering & Others Development RM 891 mil. RM (188) mil. Construction 5% y-o-y 677% y-o-y Revenue 37% y-o-y RM mil. 490 363 38 Loss After Tax Net Gearing RM (203) mil. 1,885% y-o-y 0.26x Revenue C
Slide 5: Key Highlights: 9M FY2020 vs 9M FY2019
Key Highlights 9M FY2020 vs. 9M FY2019 Revenue (RM mil.) Operating Profit (RM mil.) PBT (RM mil.) EPS (sen) 5% 891 344% 677% 1,250% 65 43* 33 0.40 15* 848 YTD 2019 YTD 2020 YTD 2019 YTD 2020 YTD 2019 YTD 2020 (4.60) (159) (188) YTD 2019 YTD 2020 Key Highlights • The 5% increase in revenue 9M FY2020
Slide 6: Financial Performance: Profit & Loss
Financial Performance Profit & Loss Q3 (3M) 9M Y-o-Y Y-o-Y RM Million FY2020 FY2019 FY2020 FY2019 Growth % Growth % Revenue 298 373 (20.2)% 891 848 5.0% Other Operating Income 15 11 42.7% 33 88 (62.4)% Total Revenue 313 383 (18.4)% 924 936 (1.3)% Operating Expenses 297 358 (17.1)% 1,083 871 24.4% Op
Slide 7: Financial Performance: Quarterly Analysis
Financial Performance Quarterly Analysis Revenue Operating Profit* and Margin* 472 426 8.4% 373 6.7% 6.0% 25 27 5.3% 298 36 16 167 (5.1)% Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 (9) PBT* and Margin* EPS* (sen) 20 27 0.35 4.6% 6.3% 8 14 0.14 2.6% 0.06 0.02 3.8% Q3'19 Q4'19 Q1'20 Q
Slide 8: Financial Performance: Balance Sheet
Financial Performance Balance Sheet RM Million 30 Sep 2020 30 Jun 2020 NAV Per Share* (sen) 109.3 108.4 108.6 Total Assets Current Assets 3,023 3,050 Non-Current Assets 5,307 5,189 Assets held for sale - 78 103.1 103.1 Total Assets 8,330 8,317 Total Liabilities Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Current
Slide 9: Financial Performance: Borrowings
Financial Performance Borrowings Leverage Profile (RM Million) 30 Sep 2020 30 Jun 2020 Net Debt and Gearing Debt Short Term Borrowings 622 934 1,413 1,381 Long Term Borrowings 1,333 1,001 HP creditors 0 0 0.23x 0.30x Total Debt 1,955 1,935 1,312 1,291 Less: Deposits, cash and bank balances 514 554 0
Slide 10: Segmental Reporting: Overview
Segmental Reporting Overview Revenue Split – RM891 mil. Revenue Contribution Analysis 891 E&C 847 YTD 2019 YTD 2020 4% 490 41% Property 421 Development 363 371 55 38 55% Others** Group E&C Property Others** Development Segmental Profit Split – RM(159) mil. 76 70 34 3 3 6 Group E&C Property Developme
Slide 11: Property Development & Investment
Segmental Reporting Property Development & Investment Q3 (3M) 9M Y-o-Y Y-o-Y RM Million FY2020 FY2019 FY2020 FY2019 Growth % Growth % Revenue 153 215 (28.8)% 490 371 31.8% Profit 12 23 (48.6)% 34 70 (50.8)% Profit/(Loss) exc. Impairment Provisions 12 23 (48.6)% 38 70 (44.9)% Margin* (%) 7.7% 10.6% 7
Slide 12: Property Sales of RM126 Million
Segmental Reporting Property Development & Investment Property Sales of RM126 Million Total Project GDV % Sales Achieved* as at Sales** Breakdown 3Q 2020 Project (RM’mil) 30 September 2020 (RM’mil) Completed Projects Sentral Residences 1,439 98% 14.4 VIVO 9 Seputeh 980 80% 21.9 45% from Kalista, Buk
Slide 13: Total Unbilled Sales of RM1.2 Billion
Segmental Reporting Property Development & Investment Total Unbilled Sales of RM1.2 Billion Breakdown of Unbilled Sales Revenue Recognised* 9M FY2020 Unbilled Sales Sentral Suites TRIA Alstonia MYIPO Project Construction Progress (RM’mil) (RM’mil) Residential 23% Sentral Suites 38.7% 126.0 860.0 99%
Slide 14: What We Have To Sell: RM0.9 Billion
Segmental Reporting Property Development & Investment What We Have To Sell: RM0.9 Billion Ongoing Projects Completed Unsold Units Total RM368.9 mil. RM498.0 mil. RM866.9 mil. Total excluding 1060 Carnegie = RM758.1 mil. Breakdown of Completed Unsold Units (RM’ mil.) 249.4 Ongoing Projects 108.8 98.1
Slide 15: Property Development & Investment: Land Bank and Developments
Segmental Reporting Property Development & Investment Land Size GDV Start Completion % Stake (Acres) RM' mil. Date Date Transport Oriented Developments KL Sentral: Lot F 5.70 3,949 100% 2022 2027 PJ Sentral Garden City 11.91 2,700 100% 2013 2026 Penang Sentral 21.97 2,698 100% 2015 2027 Cyberjaya Ci
Slide 16: Engineering, Construction & Environment
Segmental Reporting Engineering, Construction & Environment Q3 (3M) 9M Y-o-Y Y-o-Y RM Million FY2020 FY2019 FY2020 FY2019 Growth % Growth % Revenue 132 137 (4.1)% 363 421 (13.7)% Profit (3) 2 >(100)% (199) 3 >(100)% Profit/(Loss) exc. Impairment Provisions (3) 2 >(100)% (1) 3 >(100)% Margin* (%) (2.
Slide 17: Unbilled External Order Book – RM20,546 mil.
Segmental Reporting Engineering, Construction & Environment Unbilled External Order Book – RM20,546 mil. External Order Book Analysis Contract Value Progress External Contracts (RM Million) Buildings: Fee-based Desaru Convention Centre 62 99% 6% PR1MA Kajang 173 91% Buildings PR1MA Brickfields 335 1
Slide 18: Malaysian Resources Corporation Berhad
MALAYSIAN RESOURCES CORPORATION BERHAD (7994-D) Level 30, Menara Allianz Sentral, No. 203, Jalan Tun Sambanthan, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia Tel: 603 2786 8080 / 603 2859 7070 Fax: 603 2780 7988 www.mrcb.com MRCBGroup mrcb.group MRCB 18 18
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