Ewi Capital Bhd · MYX:EWICAP
Ewi Capital Bhd — Shareholder Meeting (March 2021)
15 slides from Ewi Capital Bhd's shareholder meeting presentation, Mar 31, 2021
Slide 1: Financial Year 2020 Annual General Meeting
FINANCIAL YEAR 2020 ANNUAL GENERAL MEETING 31 MAR 2021
Slide 2: Profit & Loss
Profit & Loss RM’000 FY2020 FY2019 Revenue 672,985 478 RM82.6m Direct Expenses -572,995 - Gross Profit 99,990 478 Other Operating Income 26,122 19,227 Selling & Marketing Expenses -26,438 -4,569 in FY2020 PAT Administrative Expenses -39,326 -61,659 (RM165.6m PAT before goodwill impairment) Impairmen
Slide 3: Balance Sheet
RM1.14 net asset per share RM’000 Shareholders’ Funds Balance Sheet 31-Oct-20 2,739,072 31-Oct-19 2,685,641 NA per Share (RM) 1.14 1.12 Total Cash 284,014 439,995 low net gearing Total Borrowings 1,228,359 1,463,745 Net Debt / (Cash) 944,345 1,023,750 Gross Debt – Equity Ratio (x) 0.45 0.54 borrowin
Slide 4: Sales Momentum
SALES MOMENTUM EWI FY2020 Sales SUSTAINED SALES RM448m PERFORMANCE RM315m RM320m RM317m RM1.4 billion sales achieved in FY2020 / Stronger sales in Q4 2020 driven by launch of EG A03 and seasonal factors / Q1 FY2020 Q2 FY2020 Q3 FY2020 Q4 FY2020 RM2.2 billion sales target for FY2021
Slide 5: Wardian
Wardian
Slide 6: Yarra One
Yarra One
Slide 7: Awards: Recognitions in FY2020
AWARDS RECOGNITIONS IN FY2020 Embassy Gardens - Mixed-Use Development of the Year at British Homes Awards The Edge Malaysia / Outstanding Overseas Project Award 2020 Oxbow - Best Housing Partnership at British Homes Awards / London City Island - The Edge Malaysia Outstanding Overseas Project Award 2
Slide 8: Market Updates
MARKET UPDATES
Slide 9: London
London London House Price Index Nov-20, 127.6 5% growth in London Nov-19, 121.4 house price indices from Nov 2019 to Nov 2020 / Nov-20, Nov-19, 117.2 House prices in London rose despite 111.4 outbreak of Covid-19 / Oct-16 Apr-17 Oct-17 Apr-18 Oct-18 Apr-19 Oct-19 Apr-20 Oct-20 Strong pent-up demand
Slide 10: Australia
Australia Changes in apartment unit value Recovery in apartment unit (Feb 2021 vs Feb 2020) value in Melbourne & Sydney 8.6% 5.2% 5.2% House prices in Sydney and Melbourne dropped 2% between March 2020 to June 2020 due to 2.6% 1.9% outbreak of Covid-19. 1.1% / Recent data shows that house prices are
Slide 11: Strategic Business Plan
STRATEGIC BUSINESS PLAN
Slide 12: Strategic Business Plan: Strengthening the Balance Sheet
STRATEGIC BUSINESS PLAN Total GDV By Business Unit STRENGTHENING THE £3.0b BALANCE SHEET £2.2b Target to sell and hand over all launched units in EW- Ballymore and Australia in 1-2 years / No further equity injection into EW-Ballymore and Australia projects is required as sales of completed stocks A
Slide 13: Strategic Business Plan: Re-positioning the Business
STRATEGIC BUSINESS PLAN HARROW BARNET ENFIELD HARINGEY WALTHAM FOREST REDBRIDGE HAVERING RE-POSITIONING THE BUSINESS HILLINGDON BRENT HACKNEY CAMDEN BARKING & DAGENHAM TOWER EALING CITY HAMLETS NEWHAM Target substantial reduction in overhead costs across all EWI GREENWICH SOUTHWARK HOUNSLOW BEXLEY o
Slide 14: APO BtR Platform
APO BtR PLATFORM A newly-launched residential management company that provides end-to-end service for BtR investors in sourcing investment opportunities, supporting design & development, leasing and long-term property management / Key business priorities include: • Consumer launch/Barking Wharf leas
Slide 15: Conclusion
CONCLUSION STRATEGIES TO EMERGE STRONGER POST-CRISIS ACHIEVEMENTS TO-DATE RM13.4 billion of cumulative sales achieved as at 31 October 2020 with more than 4,400 units sold / Original projects under EcoWorld-Ballymore JV + 2 projects in Australia largely completed by early 2021 enabling strong profit