Ijm Corporation Berhad · MYX:IJM
Ijm Corporation Berhad — 2QFY24 Earnings Presentation
23 slides from Ijm Corporation Berhad's earnings presentation, November 2023
Slide 1: Financial Results for the Second Quarter of Financial Year 2024
IJM Corporation Berhad Financial Results for the Second Quarter of Financial Year 2024 Investor Presentation
Slide 2: Contents
Contents 2QFY24 Group performance review 3-5 Divisional performance review & key 6-14 highlights Appendix 15-22 2
Slide 3: 2QFY24 Group Performance Review
2QFY24 Group Performance Review Group Income Statement Group Balance Sheet Divisional performance & key highlights 3
Slide 4: Group Income Statement
Group Income Statement RM’mil 2QFY24 2QFY23 %∆ 1HFY24 1HFY23 %∆ Revenue 1,458.4 1,071.9 36.1 2,684.2 2,144.6 25.2 EBITDA 343.4 226.9 51.4 667.5 451.1 48.0 Operating Profit 269.9 156.4 72.6 516.1 304.7 69.4 Finance Cost (77.2) (58.6) (146.4) (109.9) Operating Profit After Finance Cost 192.7 97.8 97.0
Slide 5: Group Balance Sheet
Group Balance Sheet RM’mil 30 Sept 23 31 Mar 23 Share Capital 6,132.4 6,132.4 Shareholders’ Funds 9,843.1 9,843.8 Total Assets 20,614.8 20,510.6 Net Assets Per Share (RM) 2.81 2.80 Total Cash 2,817.7 2,825.2 Total Borrowings (5,485.2) (5,364.8) Net Debt (2,667.5) (2,539.7) Net Debt / Shareholders’ F
Slide 6: Construction 2QFY24 Results
Construction 2QFY24 Results RM’mil 2QFY24 2QFY23 %∆ 1HFY24 1HFY23 %∆ Revenue 416.1 268.6 54.9 723.3 536.9 34.7 EBITDA 41.6 46.7 (10.9) 77.5 88.6 (12.5) PBT 15.3 24.4 (37.3) 26.5 43.9 (39.6) PBT % 3.7 9.1 3.7 8.2 Comments: Revenue for 2QFY24 and 1HFY24 increased compared to 2QFY23 and 1HFY23 mainly d
Slide 7: Construction Division - highlights
Construction Division - highlights New Order Book Wins RM’mn 3,000 2,500 2,000 2,796 1,500 1,677 1,521 1,000 500 0 FY22 FY23 to-date FY24 • Healthy new order book wins • Optimistic on new job replenishment prospects from industrial property and public sector infrastructure projects • Manageable buil
Slide 8: New Order Book Secured RM2,796m
New Order Book Secured Major Contracts secured in FY24 RM2,796m New Order Book Shah Alam International Logistics Hub Ph 1 RM653.6m Outstanding Order Book: RM6.4bn (inc projects secured in 3QFY24) Bandar Rimbayu Township RM194.8m Seremban 2 Township RM201.3m 89% Secured in 3QFY24: JB-Singapore RTS, J
Slide 9: Property 2QFY24 Results
Property 2QFY24 Results RM’mil 2QFY24 2QFY23 %∆ 1HFY24 1HFY23 %∆ Revenue 463.7 326.6 42.0 833.2 671.5 24.1 EBITDA 94.1 41.2 128.2 187.5 84.3 122.6 PBT 76.2 29.3 159.7 157.4 63.3 148.8 PBT % 16.4 9.0 18.9 9.4 Comments: Revenue for 2QFY24 and 1HFY24 increased compared to 2QFY23 and 1HFY23 mainly due t
Slide 10: Property Division - highlights
Property Division - highlights New Sales Recorded RM’mn RM2.7bn* 3,000 RM2.5bn 0.2% 6% 2,500 4% 9% 21% 21% International Region 2,000 19% 7% East Malaysia 9% East Coast 1,500 RM851mn * Southern Region Northern Region 1,000 3% 68% 56% 9% Central Region 8% 500 78% - FY22 FY23 1HFY24 * Property sales R
Slide 11: Industry 2QFY24 Results
Industry 2QFY24 Results RM’mil 2QFY24 2QFY23 %∆ 1HFY24 1HFY23 %∆ Revenue 316.0 259.3 21.9 623.4 508.6 22.6 EBITDA 58.0 64.3 (9.8) 115.4 109.4 5.5 PBT 44.7 50.6 (11.6) 89.2 82.0 8.8 PBT % 14.1 19.5 14.3 16.1 Comments: Revenue for 2QFY24 and 1HFY24 increased compared to 2QFY23 and 1HFY23, mainly due t
Slide 12: Industry Division - highlights
Industry Division - highlights New Order Book Wins ‘000 tonnes 2,500 2,000 1,830 1,500 2,155 1,000 1,091 500 0 FY22 FY23 1HFY24 • Balance order book currently above 1 million tons, high export volumes • Encouraging prospects locally from industrial developments • Able to pass through building materi
Slide 13: Infrastructure 2QFY24 Results
Infrastructure 2QFY24 Results RM’mil 2QFY24 2QFY23 %∆ 1HFY24 1HFY23 %∆ Revenue 242.4 217.2 11.6 484.1 427.3 13.3 EBITDA 148.3 73.4 101.8 290.7 164.0 77.2 Malaysian Tollways 56.2 57.4 (2.1) 108.6 118.7 (8.5) Kuantan Port 70.8 35.6 98.9 125.6 65.0 93.2 Overseas & Other Infra 21.3 (19.6) 208.7 56.5 (19
Slide 14: Infrastructure Division – Port Division
Infrastructure Division – Port Division Kuantan Port Throughput mil tons 25 20 15 22.7 22.7 10 12.7 5 0 FY22 FY23 1HFY24 • Improving near term outlook with reopening of economies • Sizeable long-term cargo growth prospects from recommencement of investor activities in MCKIP and large scale FDIs 14
Slide 15: Appendix
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Slide 16: Sales Performance in 2Q FY24
Sales Performance in 2Q FY24 2Q FY24 Sales Mainly Contributed by: Penang Region Central Region Sanctuary Suria Sierra Hijauan Phase 2E, 2H, 2F & 2G Lightwater Residences Laman Granview Phase 2 IJM Bayuori Phase 1 & 2 Pantai Sentral Park, Parcel 3 IJM Rimbayu @ Avela S2 @ Nexus, Aman Sutera, Nova S2
Slide 17: Launches FY2023 (1 Jan to Mar 2023)
Launches FY2023 (1 Jan to 31 Mar 2023) Total Value: RM247 mil Total Units : 185 Phase 5A8 @ Alam Suria Phase 2E @ Sierra Hijauan Dataran Suria 2 1/2 Storey Semi-D and 3 Kedai Mampu Milik Storey Bungalow No. of Units : 29 No. of Units : 25 GDV : RM3.5 mil GDV : RM60.09 mil Launch Date : Feb 2023 Laun
Slide 18: Launches 2023 (1 April to June 2023)
Launches 2023 (1 April to 30 June 2023) Total Value: RM454 mil Total Units : 533 Nasa City, Desa Palma – Austin Duta – Phase 4, Johor Phase 9B, Johor Double Storey Terrace House Double Storey Terrace No. of Units : 52 House GDV : RM 40 mil No. of Units : 125 Launch Date : Apr 2023 GDV : RM 101 mil L
Slide 19: Launches 2023 (1 July 2023 to Oct 2023)
Launches 2023 (1 July 2023 to 31 Oct 2023) Total Value: RM973 mil Total Units : 648 Nexus @ S2 Heights Phase 14 @ IJM RIMBAYU 2-storey shop AVELA premium link and No. of Units : 166 garden homes GDV : RM300 mil No. of Units : 445 Launch Date : July 2023 GDV : RM573 mil Launch Date : August 2023 Phas
Slide 20: Upcoming Launches (1 Nov 2023 to Dec 2023)
Upcoming Launches (1 Nov 2023 to 31 Dec 2023) Total Value: RM383 mil Total Units : 444 Aman Sutera @ S2 Heights 2-Storey Link Home No. of Units : 204 GDV : RM179 mil Launch Date : Nov 2023 Austin Duta – Phase 11A, Johor Double Storey Terrace House No. of Units : 135 GDV : RM 105 mil Launch Date : No
Slide 21: Future Launches (1 Jan 2024 to March 2024)
Future Launches (1 Jan 2024 to 31 March 2024) Total Value: RM1,076 mil Total Units : 809 Phase 2 @ Laman Granview Phase 5A11 @ Alam Suria 2-storey Link Home Daffodil Residency No. of Units : 35 No. of Units : 354 GDV : RM52 mil GDV : RM124 mil Launch Date : Jan 2024 Launch Date : Feb 2024 IJM Bayour
Slide 22: Future Launches (1 April 2024 to June 2024)
Future Launches (1 April 2024 to 30 June 2024) Total Value: RM332 mil Total Units : 355 Nasa City – Nova @ S2 Heights Phase 6, Johor 2-storey Semi-D Double Storey Terrace House No. of Units : 73 No. of Units : 68 GDV : RM142 mil GDV : RM 55 mil Launch Date : Q2 2024 Launch Date : May 2024 Sebana Cov
Slide 23: Thank you
Thank you 23
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