Ijm Corporation Berhad · MYX:IJM
Ijm Corporation Berhad — Q1 FY2025 Earnings Presentation
21 slides from Ijm Corporation Berhad's earnings presentation, August 2024
Slide 1: Financial Results for the First Quarter of Financial Year 2025
IJM CORPORATION BERHAD Financial Results for the First Quarter of Financial Year 2025 Investor Presentation
Slide 2: Group Balance Sheet
Group Balance Sheet RM’mil 30 Jun 24 31 Mar 24 Share Capital 6,132.4 6,132.4 Shareholders’ Funds 10,087.9 10,216.5 Total Assets 21,279.6 21,315.3 Net Assets Per Share (RM) 2.88 2.91 Total Cash 2,558.3 2,870.4 Total Borrowings (5,487.4) (5,534.3) Net Debt (2,929.1) (2,663.9) Net Debt / Shareholders’
Slide 3: Construction 1QFY25 Results
Construction 1QFY25 Results RM’mil 1QFY25 1QFY24 %∆ FY24 FY23 %∆ Revenue 540.5 307.2 76.0 1,675.6 1,069.9 56.6 EBITDA 49.6 35.9 38.2 136.0 181.4 (25.0) PBT 23.6 11.2 110.5 36.8 91.0 (59.5) PBT % 4.4 3.6 2.2 8.5 Comments: Revenue and pre-tax profit for 1Q FY2025 improved significantly by 76.0% and 11
Slide 4: Construction Division - Highlights
Construction Division - Highlights NEW ORDER BOOK SECURED NEW ORDER BOOK OUTSTANDING ORDER BOOK Major Contracts secured as of 30 June 2024 • Maple Tree: Logistic hub in section 15, Shah Alam - RM1.9billion RM7.0billion RM584.3 mil (Including projects secured in 2QFY25) • Siliconware Precision Malays
Slide 5: Property 1QFY25 Results
Property 1QFY25 Results RM’mil 1QFY25 1QFY24 %∆ FY24 FY23 %∆ Revenue 342.6 369.5 (7.3) 2,029.3 1,615.2 25.6 EBITDA 55.7 93.4 (40.3) 452.4 429.2 5.4 PBT 40.0 81.2 (50.8) 391.0 366.7 6.6 PBT % 11.7 22.0 19.3 22.7 Comments: Revenue for 1Q FY2025 decreased marginally by 7.3% as compared to 1Q FY2024 mai
Slide 6: Property Division - Highlights
Property Division - Highlights NEW SALES RECORDED RM’million 3,000 RM2.7bn* Chart Title RM2.4bn* 7% 2,500 4% 21% 11% 2,000 7% 21% 11% 9% 1,500 21% 1,000 RM256mn* 56% 63% 63% 4% 500 21% 25% - 50% FY23 FY24 1Q FY25 * Property sales RM1,870m * Property sales RM2,120m * Property sales RM256m Land sales
Slide 7: Royal Mint Gardens Phase 2, London
Royal Mint Gardens Phase 2, London RMG Phase 2 • 463-bedroom aparthotel that oversees the iconic Tower Bridge • 30-year lease with Staycity, housing flagship “Wilde Aparthotels” brand • Rooftop bar and F&B dining, offering panoramic views of London • Additional 79 residential units that will be sold
Slide 8: Partnership with Network Rail, UK
Partnership with Network Rail, UK • Innova’s partnership with Network Rail to develop 8 sites across four London boroughs: Brent, Camden, Islington and Westminster • Sites positioned above or adjacent Regent’s Park to railway infrastructure • Mix of housing, life sciences, student accommodation, com
Slide 9: The Wheat Quarter, Welwyn Garden City, London
The Wheat Quarter, Welwyn Garden City, London • IJM Land acquired The Wheat Quarter, an 11-acre brownfield site • Approval obtained for 811 homes and 150,000 sq ft of mixed-use space • Strategically located adjacent to the Welwyn Garden City train station • Connected to a mature shopping area as wel
Slide 10: Industry 1QFY25 Results
Industry 1QFY25 Results RM’mil 1QFY25 1QFY24 %∆ FY24 FY23 %∆ Revenue 268.5 307.4 (12.7) 1,192.0 1,001.9 19.0 EBITDA 60.0 57.4 1.0 235.7 205.3 14.8 PBT 43.9 44.4 (1.1) 181.8 152.2 19.5 PBT % 16.4 14.4 15.2 15.2 Comments: Revenue for 1Q FY2025 decreased by 12.7% as compared to 1Q FY2024 mainly due to
Slide 11: Infrastructure - Toll 1QFY25 Results
Infrastructure - Toll 1QFY25 Results RM’mil 1QFY25 1QFY24 %∆ FY24 FY23 %∆ Revenue 120.5 139.8 (13.8) 519.6 553.2 (6.1) EBITDA 78.2 85.8 (8.9) 388.5 83.1 367.5 Malaysian Toll 44.7 52.4 292.6 112.0 Overseas & Other Infra 33.5 33.4 95.8 (28.9) PBT 14.5 23.5 (38.1) 128.3 (177.0) 172.5 Malaysian Toll – B
Slide 12: Malaysian Toll Restructuring & Monetisation Potential
Malaysian Toll Restructuring & Monetisation Potential Toll Restructuring ▪ Restructuring of BESRAYA and LEKAS effective from 1 January 2023 BESRAYA LEKAS New Toll (class 1) RM1.85 (26% discount from CA rate of 16.66sen/km on closed toll (30.9% discount from RM2.50) CA rate of 24.10sen/km) Concession
Slide 13: Encouraging Traffic at WCE, More Sections Opened
Encouraging Traffic at WCE, More Sections Opened Sectional progress along the alignment Sectional progress along the alignment • Section 6 and 11 recently opened to public. Section 11 marks full opening of Perak alignment • Opening of Section 1 and 2 in 2024 highly anticipated by users for link to K
Slide 14: Infrastructure - Port 1QFY25 Results
Infrastructure - Port 1QFY25 Results RM’mil 1QFY25 1QFY24 %∆ FY24 FY23 %∆ Revenue 125.3 101.9 23.0 467.0 331.8 40.8 EBITDA 74.7 56.7 31.9 276.2 149.0 85.4 PBT 43.2 24.9 73.5 151.4 34.2 342.7 Comments: Revenue for 1Q FY2025 increased by 23.0% as compared to 1Q FY2024, mainly driven by higher port rev
Slide 15: Infrastructure - Port Division
Infrastructure - Port Division VOLUME THROUGHPUT mil tons 30 25 20 15 26.2 22.7 10 5 7.1 0 FY23 FY24 1Q FY25 14
Slide 16: Appendix
Appendix New and upcoming property launches
Slide 17: New Launches Q1 FY25 (1 April to 30 June 2024)
New Launches Q1 FY25 (1 April to 30 June 2024) Total Value: 317 mil Total Units : 271 units Phase 3G @ S2 Heights Phase 6 @ Nasa CIty Sutera 2 - Storey Terrace House 2-storey semi-d home No. of Units : 68 No. of Units : 73 GDV : RM58 mil GDV : RM154 mill Launch Date : June 2024 Launch Date : May 202
Slide 18: Future Launches Q2-Q4 FY25 (1 July 24 to 31 March 2025)
Future Launches Q2-Q4 FY25 (1 July 24 to 31 March 2025) Total Value:3,619 mil Total Units 4,323 units: Phase 4i @ S2 Heights IJM Bayouri Phase 2 - Ayra Batiq Terraces 2 storey Terrace 2 storey link home No. of Units : 100 No. of Units : 177 GDV : RM86 mil GDV : RM173 mil Launch Date : Sept 2024 Laun
Slide 19: Future Launches Q2-Q4 FY25 (1 July 2024 to 31 March 2025)
Future Launches Q2-Q4 FY25 (1 July 2024 to 31 March 2025) Phase 2B@ Austin Duta Lightwater Residences 2- Storey Terrace House Condominium No of Units :117 No. of Units : 262 GDV :RM87mil GDV : RM694 mil Launch Date : Nov 2024 Launch Date : Nov 2024 Phase 2A@ Austin Duta Phase 16 @ IJM Rimbayu 2- Sto
Slide 20: Future Launches Q2-Q4 FY25 (1 July 2024 to 31 March 2025)
Future Launches Q2-Q4 FY25 (1 July 2024 to 31 March 2025) Parcel 11A Tower 1 @ IJM Bayouri Ph3 - Maya Court Pantai Sentral Park Low Cost Flat No. of Units : 152 Serviced Apartments GDV : RM6.4mil No. of Units : 438 Launch Date : Jan 2025 GDV : RM 410 mil Launch Date : Dec 2024 Phase 5 @ Nasa City Ut
Slide 21: Thank you
Thank you 22
IJM Corporation Berhad — Q1 FY2025 Earnings Presentation on 6ix