Eco World Development Group Bhd. · MYX:ECOWLD
Eco World Development Group Bhd — EcoWorld Malaysia — FY2022 Earnings Presentation
24 slides from Eco World Development Group Bhd's earnings presentation, December 2022
Slide 1: EcoWorld Malaysia 4Q FY2022 Corporate Presentation
ECOWORLD MALAYSIA 4Q FY2022 CORPORATE PRESENTATION
Slide 2: Highest Ever Sales in FY2022
HIGHEST EVER SALES IN FY2022 CONSISTENTLY STRONG COUNTER-CYCLICAL GROWTH SALES (RM’Bil) RM3.84 B 3.82 3.72 3.52 3.19 3.01 3.12 2.46 2.30 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 Result of concerted efforts over the years to: • Reinvent the Group’s business model, expand our pro
Slide 3: Increasingly Diversified Portfolio
INCREASINGLY DIVERSIFIED PORTFOLIO EXPANDING PRODUCT RANGE ACROSS ALL MARKET SEGMENTS RM 753 m • Eco Business Parks recorded RM753 million, 156% of 20% FY2021 sales & more than 3X FY2020 sales • RM446 million commercial properties sold to serve the RM1.7 b Sales By growing population at townships an
Slide 4: New Launches in FY2022
NEW LAUNCHES IN FY2022 PRODUCTS FOR EVERY SEGMENT OF MARKET • Bungalow • Semi-D • Garden Homes • Semi-D • Co-Homes • Cluster Home • Terrace House • Shop Office • Bungalow • Garden Homes • Co-Homes • Shop Office • Semi-D • Terrace House • Condominium • Lifestyle Shop • Cluster Factory • Semi-D Factor
Slide 5: Strong Demand for Industrial Parks
STRONG DEMAND FOR INDUSTRIAL PARKS GROWING LOCAL & INTERNATIONAL CUSTOMER BASE Facebook Marketing Networking Event China-ASEAN Expo Selangor International Business Malaysian International Food & Summit 2022 Beverage Trade Fair
Slide 6: Industrial Land Sale
INDUSTRIAL LAND SALE INCREASING DEMAND FOR BUILT-TO-SUIT FACTORIES Detached Factory Industrial Land Sale @ EBP V Shanghai Baosteel @ EBP V in 2022 Semi -Detached Factory Virtual Signing Ceremony with Completed in mid 2022 Shanghai Baosteel held on 20.12 acres 14 Aug 2020 Green Features Rurutiki – In
Slide 7: Innovative Flexi-Space Industrial Units
INNOVATIVE FLEXI-SPACE INDUSTRIAL UNITS IDEAL FOR SMALL & MEDIUM-SIZED ENTREPRISES Retail / Showroom Services 4 in 1 use - Showroom, Office, Production & Warehouse Customisable open floor plan to fit unique requirements according to nature of business
Slide 8: Thriving Commercial Precincts
THRIVING COMMERCIAL PRECINCTS TO SUPPORT LIFESTYLE NEEDS OF ECOWORLD COMMUNITIES Commercial offerings to serve the growing population at Shops at Se.Ruang Square and Hana Square to offer EcoWorld townships lifestyle amenities at the doorsteps of duduk apartments
Slide 9: Residential Properties Delivered in FY2022
RESIDENTIAL PROPERTIES DELIVERED IN FY2022 SELF-SUSTAINING MASTER PLANNED TOWNSHIP DEVELOPMENTS Eco Grandeur Eco Ardence Norton Garden Nara Bungalow | Semi-D Courtyard Home | Garden Home ECO SPRING Rosé Large and growing matured townships Garden Homes provide great flexibility to adapt products to s
Slide 10: duduk – For the Young at Heart
duduk – FOR THE YOUNG AT HEART ON TRACK TO COMPLETE IN FY2023 + NEW LAUNCHES Successful concept to be introduced HUNI D’ Eco Ardence shortly in: – 2 Blocks | 1,728 Units • Iskandar Malaysia • Penang HANA Eco Ardence SE.RUANG D’ Eco Sanctuary Serviced Apartment | Lifestyle Retail Shop – 1 Block | 960
Slide 11: Bukit Bintang City Centre
BUKIT BINTANG CITY CENTRE INTEGRATED DEVELOPMENT Upcoming launch Studio Apartments | 1 BR Apartments | 2 BR Apartments • 463 – 861 sqft Completed in 2022: Lucentia Serviced Residence| Stride Strata Office • From RM635k Mitsui Lalaport | Entertainment Block (MGB & Zepp Hall)
Slide 12: Financial Highlights
Moving Ahead FINANCIAL HIGHLIGHTS oe
Slide 13: Record PAT from Malaysian Operations
RECORD PAT FROM MALAYSIAN OPERATIONS HIGH 5-YEAR CAGR DESPITE PANDEMIC PAT (Malaysian Operations) RM’mil Highest ever PAT from Malaysian operations of RM281.3 million in FY2022, 32% higher than CAGR: FY2022: 23.9% RM281 M • RM67.2 million increase in gross profit due to improvement in the gross prof
Slide 14: Stronger Balance Sheet + Higher Dividends
STRONGER BALANCE SHEET + HIGHER DIVIDENDS AS AT 31 OCT 2022 Total Borrowings Cash & Bank Balances (RM’mil) (RM’mil) Balance sheet continues to strengthen: 3,317 1,336 • Lower net borrowings to RM1.5 billion as at 31 Oct 2022 2,880 2,805 785 456 • Reduction of Net Gearing ratio to 0.31 times FY2020 F
Slide 15: 27% Investment in EcoWorld International
27% INVESTMENT IN ECOWORLD INTERNATIONAL FOCUS ON CASH GENERATION Sales Achieved Net Debt / Cash (RM’mil) (RM’mil) RM2,158m RM173m • EWI will continue to focus on monetisation of existing stocks in FY2023 & expects to generate RM1,377m Oct-2021 Oct-2022 excess cash of approximately RM900 million. •
Slide 16: Loss & Impairment of Investment in EWI
LOSS & IMPAIRMENT OF INVESTMENT IN EWI IMPACT ON ECOWORLD MALAYSIA’S FY2022 PROFIT AFTER TAX RM’000 FY2022 FY2021 % Profit After Tax (Malaysian operations) 281,309 212,771 32.2 Share of EWI profit / (loss) (43,100) 27,269 (258.1) Impact of Impairment of Investment in EWI (81,000) (57,300) (41.4) Pro
Slide 17: Remaining Landbank
REMAINING LANDBANK >3,500 ACRES MATURED LANDBANK TO BE UNLOCKED Eco North 239 acres 7% • Sizeable matured lands in all three key geographic regions • >1,000 acres industrial landbank to further Eco South >3,500 acres grow business park segment 1,213 acres Remaining 34% Landbank Eco Central • Strongl
Slide 18: ESG Updates
Moving Ahead ESG UPDATES
Slide 19: Pillars and Foundation of Our ESG Approach
PILLARS AND FOUNDATION OF OUR ESG APPROACH SUSTAINABILITY means caring about PEOPLE | PLANET | PARTNERSHIP | PROSPERITY | PEACE | Practicing Responsible Consumption + Stewardship of our Time, Talent & Resources Through Productivity + Innovation To drive Efficiency & Effectiveness of operations Resul
Slide 20: Digitalisation – Integral to ESG Strategy
DIGITALISATION – INTEGRAL TO ESG STRATEGY TO DRIVE PRODUCTIVITY & FUTURE PROOF BUSINESS Digitalisation of site processes for ease of tracking & monitoring: Galleries, • To improve and achieve better MyEcoWorld product quality Construction Property & • Standardised and guided inspection e-ITP Virtual
Slide 21: Sustainability Highlights
SUSTAINABILITY HIGHLIGHTS KEY ACHIEVEMENTS IN 2022 Jun Dec 2022 FTSE4Good Bursa Malaysia Index 2022 FTSE4Good Bursa Malaysia Shariah Index ESG GRADING ACHIEVED Top 25% by ESG Ratings amongst PLCs in FBM EMAS that have been assessed by FTSE Russell UNGC Sustainability Performance Awards 2022 Winner o
Slide 22: Conclusion
Moving Ahead CONCLUSION oe
Slide 23: FY2023 Sales Target RM3.5 B
FY2023 SALES TARGET FOCUS ON ENHANCING VALUE & IMPROVING RETURNS RM3.5 B Sales target set for FY2023 • Target to continue improving returns by launching products with higher profit margins / higher absolute profits psf of land to derive optimal returns from valuable matured land bank; • Pursue leads
Slide 24: Thank You
THANK YOU ECQWoRLD