Crescendo Corp. Bhd. · MYX:CRESNDO
Crescendo Corp. Bhd — Q2 2025 Earnings Presentation
50 slides from Crescendo Corp. Bhd's earnings presentation, Sep 30, 2024
Slide 1: Corporate Profile 30 September 2024
19950 1 0 3 0 5 4 4 CORPORATE PROFILE 30 SEPTEMBER 2024
Slide 2: Property Development
J F’ crescendo PROPERTY DEVELOPMENT
Slide 3: Development Landbank
DEVELOPMENT LANDBANK Project /Taman Distance Type of Development from JB Development Land (Acres) Bandar Cemerlang 20km * - Tebrau, Johor Bahru Mixed 725 - Kota Tinggi Industrial/ 636 Residential * Taman Perindustrian 16km Industrial/ 29 Cemerlang Commercial * Taman Desa Cemerlang 16km Residential/
Slide 4: Location of Landbank
LOCATION OF LANDBANK Bandar Cemerlang Taman Dato Chellam Desa Cemerlang & Taman Perindustrian Cemerlang CLSB Land Tanjung Senibong Taman Perindustrian Jalan Senyum Nusa Cemerlang
Slide 5: Bandar Cemerlang (BC)
BANDAR CEMERLANG (BC) • 1,500 acres of gross development land near Ulu Tiram to develop into a 974 acres of self-contained new township of residential/commercial developments and a 526 acres of industrial park. • Interchange completed in June 2011. It provides easy access to Bandar Cemerlang via the
Slide 6: Bandar Cemerlang (BC) (Cont.)
BANDAR CEMERLANG (BC) (CONT.) • To date, about 16% of the township was developed with a total GDV value of RM964 million. This comprised 900 units of medium high cost landed houses with GDV of RM679 million, such as three storey cluster, double storey terrace, cluster and semi-detached houses that a
Slide 7: Layout Plan of BC
crescendo LAYOUT PLAN OF BC BANDAR CEMERLANG TETUAN CRESCENDO DEVELOPMENT SON. BHD.
Slide 8: Layout Plan of BC (Cont.)
crescendo LAYOUT PLAN OF BC (CONT.) PRASHTUNQAIL BAGIPERUOHOMAN KELULUSAN KERENARAN HERAHCANG DAN SERAH BALIK KURMIA SEMULA SECARA GERENTA | _ BAGICADANGAN PERTANAI DAN PENBANGUNAN JALAN IASUK DIATASLOT 14, LOT 18 LOT 859, LOT 1179, LOT 1842, LOT 2016 02N LOT 12 LOT BARU 1642) NUKIM HOTA TING DAERAH
Slide 9: Nusa Cemerlang Industrial Park (NCIP)
NUSA CEMERLANG INDUSTRIAL PARK (NCIP) • 527 acres of gross development land with 15.98 acres of the land to build commercial and residential properties. • Main infrastructures such as rail, port and major highway are all in place nearby. • To date, 197 units of industrial properties with a total GDV
Slide 10: Nusa Cemerlang Industrial Park (NCIP) (Cont.)
NUSA CEMERLANG INDUSTRIAL PARK (NCIP) (CONT.) • To date, the Group has entered into several sale and purchase agreements (“SPAs”) for the disposal of vacant land in NCIP amounting to RM793.3 million, out of which RM677.4 million has been completed to date. • The balance uncompleted SPA, which has be
Slide 11: Layout Plan of NCIP
LAYOUT PLAN OF NCIP
Slide 12: Panoramic Land Sdn Bhd (PLSB)
PANORAMIC LAND SDN BHD (PLSB) • This is the industrial property investment arm for rental purposes. • Currently, there are 18 plots of land measuring approximately 51 acres located at NCIP. To date, a total of 14 units of factories have been completed with the completion and issuance of CCC. • The 1
Slide 13: Jalan Senyum Project
JALAN SENYUM PROJECT • In line with the Group’s strategy of acquiring landbanks with good development potential, Crescendo Landmark Sdn. Bhd., a wholly-owned subsidiary, had in September 2023 acquired 2 plots of freehold vacant lands at Jalan Senyum, Johor Bahru of approximately 3.272 acres for a to
Slide 14: Location Plan of Jalan Senyum Project
LOCATION PLAN OF JALAN SENYUM PROJECT
Slide 15: Taman Perindustrian Cemerlang (TPC)
TAMAN PERINDUSTRIAN CEMERLANG (TPC) • TPC, a 600-acre industrial park with close to 980 factories, is fully developed and is one of the largest industrial parks in Johor. • Located approximately 18km from Johor Bahru, 32km from Senai Airport and 19km from Singapore.
Slide 16: Taman Perindustrian Cemerlang (TPC) (Cont.)
TAMAN PERINDUSTRIAN CEMERLANG (TPC) (CONT.) • The current phase of this project comprised 6 units of semi-detached factory and 2 units of detached factory with a total GDV of RM58 million that were launched in October 2022. Total sales to date up to 30 September 2024 is RM54 million.
Slide 17: Desa Cemerlang (DC)
DESA CEMERLANG (DC) • Self contained matured township development next to TPC with 6,900 units of mixed development and to date we have developed about 90% of this land. • The latest development for this project is 5 units of double storey shop office with total GDV of RM7 million which were launche
Slide 18: Layout Plan of DC & TPC
Fcrescendo LAYOUT PLAN OF DC & TPC DESA CEMERLANG & TAMAN PERINDUSTRIAN CEMERLANG CRESCENDO GROUP OF COMPANIES |
Slide 19: Tanjung Senibong
TANJUNG SENIBONG • Prime mixed residential and commercial development of 221.58 acres of land. • Comprises 1,854 units of residential properties to be built on 33.05 acres of land and commercial complex on 6 plots of net land measuring 72.68 acres. • A waterfront project located in a prime location
Slide 20: Layout Plan of Tanjung Senibong
LAYOUT PLAN OF TANJUNG SENIBONG
Slide 21: Taman Dato' Chellam (TDC)
TAMAN DATO’ CHELLAM (TDC) • 37.6 acres of mixed development land acquired on 12 May 2004. • Opposite to TPC and DC. • The current development for this project is 258 RMMJ townhouse units with total GDV of RM40 million where its construction has commenced since August 2023. Total sales to date is RM3
Slide 22: Layout Plan of TDC
Fcrescendo ‘TAMANDATO CHELLAM UO Q = LL. O = < oll ou — — O > < oll
Slide 23: Ambok Resorts
AMBOK RESORTS • The completion of Sg Johor Bridge project in tandem with Senai-Desaru Highway has enhanced the accessibility and land value of this 794-acre landbank in Kota Tinggi. • Zoned for mixed development and possible to start developing this land in 6 years’ time. • The Pengerang Integrated
Slide 24: Location Plan of Ambok Resorts
LOCATION PLAN OF AMBOK RESORTS
Slide 25: Construction
CONSTRUCTION • Undertaken by Unibase group, which commenced activities in August 1989. • Undertakes both in-house and external contracts under Repute Construction Sdn. Bhd.
Slide 26: Concrete Product Manufacturing
CONCRETE PRODUCT MANUFACTURING • The main products include jacking pipes, cladding pipes, slab, and other precast products for local and export market. • The products have been supplied to several sewerage and portable water pipeline projects in Singapore. • The export sales of the total sales for p
Slide 27: Concrete Product Manufacturing (Cont.)
CONCRETE PRODUCT MANUFACTURING (CONT.) • This operation was awarded with various certifications under Quality Management System ISO9001 : 2015 and Singapore Concrete Institute’s Precaster Accreditation Scheme.
Slide 28: Education
crescendo EDUCATION
Slide 29: Education
EDUCATION • Crescendo International College (“CIC”) caters for Cambridge A-levels, tertiary education and professional qualification. • Crescendo-HELP International School (“CHIS”) offers primary and secondary education based on International General Certificate of Secondary Education (IGCSE) syllab
Slide 30: Near-Term Prospects
NEAR-TERM PROSPECTS • The total committed property sales as at 30 Serptember 2024 is RM260.7 million, including land sales at NCIP of RM115.9 million which has become unconditional to date. • Based on the lock-in sales and all the land sales in NCIP which are expected to be completed in FY2025, the
Slide 31: Near-Term Prospects (Cont.)
NEAR-TERM PROSPECTS (CONT.) • Proposed Development for Financial Year 2025 to 2027 Dev elopment Type Unit av ailable / GDV launched Unit RM m Launched Projects up to 30 September 2024 - Industrial and commercial lands (40 acres) - 227 - Three storey shop office 44 87 - Four storey shop office 11 47
Slide 32: Medium-to-Long Term Prospects
MEDIUM-TO-LONG TERM PROSPECTS • We plan to launch the first phase of our industrial park at Bandar Cemerlang for sales within the next three years. • We have submitted application for conversion of the newly acquired land totalling 109.855 acres within the vicinity of Bandar Cemerlang to residential
Slide 33: Strategies
crescendo STRATEGIES
Slide 34: Strategies
STRATEGIES • The Group will continue to focus on landed medium cost and affordable housing development. • Continue to sell substantially built and completed buildings to meet demand from customers preferring to buy substantially built/completed buildings. • Pre-built factories for rent to industrial
Slide 35: Business Outlook
BUSINESS OUTLOOK • The property market is expected to remain good in the next few years but the Group remains cautious on the potential challenges from the fast-changing market environment and fluctuations in building materials costs driven by inflationary pressures. • With the influx of foreign dir
Slide 36: Business Outlook (Cont.)
BUSINESS OUTLOOK (CONT.) • The proposed Johor-Singapore special economic zone (“JS-SEZ”) in Johor is expected to foster stronger business connections and improve connectivity between the two countries, towards attracting investments into the region. • Tentatively, the signing of the JS-SEZ Definitiv
Slide 37: Appendix
crescendo APPENDIX
Slide 38: Group's Performance for the Past 3 Years
GROUP’S PERFORMANCE FOR THE PAST 3 YEARS 2022 2023 2024 2Q2025* Revenue (RM’000) 217,120 215,718 341,345 848,734 Profit Before Tax (RM’000) 33,839 38,409 79,512 569,557 Profit After Tax (RM’000) 23,981 25,875 57,026 431,015 Margin - Profit Before Tax (%) 15.59 17.81 23.29 67.11 - Profit After Tax (%
Slide 39: Analysis by Segments
ANALYSIS BY SEGMENTS REVENUE PROFIT Margin 2024 2Q2025* 2024 2Q2025* 2024 2Q2025* (RM’000) (RM’000) (RM’000) (RM’000) % % Property Development & Construction 237,694 801,905 81,226 565,484 34 71 Manufacturing & trading 63,640 34,207 2,348 2,487 4 7 Property investment 11,343 7,099 13,297 4,704 117 6
Slide 40: Revenue by Segment (FY2024)
REVENUE BY SEGMENT (FY2024) REVENUE Services and Others 12% Property Investment 3% Manufacturing and Trading 17% Property Development and Construction 68%
Slide 41: Results by Segment (FY2024)
RESULTS BY SEGMENT (FY2024) PROFIT (EBIT) Services and Others 1% Property Investment 14% Manufacturing and Trading 2% Property Development and Construction 83%
Slide 42: Dividend Payment Ratio (Times)
DIVIDEND PAYMENT RATIO (TIMES) 2022 2023 2024 2Q2025* Profit Attributable (RM’000) 21,524 24,525 56,669 429,867 Net Dividend Declared (RM’000) 11,177 13,971 50,295 16,765 Dividend (Sen) 4.0 5.0 18.0 6.0 Dividend Yield (%) 3.3 4.3 6.5 3.7 Dividend Pay-out (%) 51.9 57.0 88.8 3.9 Market Price (RM) 1.20
Slide 43: Group's Performance for the Past 5 Years
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS Earnings Per Share 25 20 15 Sen 10 5 0 2020 2021 2022 2023 2024 EPS (Sen) 9 10 8 9 20 Financial Year
Slide 44: Group's Performance for the Past 5 Years (Cont.)
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS (CONT.) Revenue 400.00 350.00 300.00 250.00 RM'mil 200.00 150.00 100.00 50.00 0.00 2020 2021 2022 2023 2024 Revenue (RM'mil) 258.25 222.90 217.12 215.72 341.34 Financial Year
Slide 45: Group's Performance for the Past 5 Years (Cont.)
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS (CONT.) Profit Before Tax 90.00 80.00 70.00 60.00 RM'mil 50.00 40.00 30.00 20.00 10.00 0.00 2020 2021 2022 2023 2024 PBT (RM'mil) 50.13 42.40 33.84 38.41 79.51 Financial Year
Slide 46: Principal Activities
PRINCIPAL ACTIVITIES Business Activities Development Construction Division Services Division Investment Division Division Property Property Resort Building Concrete Education Management Investment Development Development Construction Products Services (future)
Slide 47: Group Structure as at 30 September 2024
GROUP STRUCTURE AS AT 30 SEPTEMBER 2024 Crescendo Corporation Berhad 100% 100% 100% 100% 100% 100% 99% 70% 100% 100% 100% 100% Crescendo Medini Microtelecom Crescendo CNFP Panoramic Crescendo Panoramic Crescendo Crescendo Panoramic Unibase Education Capital Sdn. Bhd. (formerly Development Sdn. Bhd.
Slide 48: Corporate Fact Sheet
CORPORATE FACT SHEET Listed On: April 8, 1997 (Main Board) Issued Shares: 841.4 mil (30 September 2024) Market Capitalization as of 30 September 2024: RM1.29 bil (@RM1.53) Par Value Per Share: RM1.00 NTA/Share: RM4.87 (31 July 2024) Major Shareholders: Sharikat Kim Loong Sendirian Berhad (68.62%) (2
Slide 49: Corporate Fact Sheet (Cont.)
CORPORATE FACT SHEET (CONT.) Corporate Address: 18th Floor, Public Bank Tower No. 19, Jalan Wong Ah Fook 80000 Johor Bahru Johor, Malaysia Telephone number: +607 224 8316 Fax: +607 223 2562 Website: www.crescendo.com.my
Slide 50: Thank You
crescendo THANK YOU
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