Scientex Bhd. · MYX:SCIENTX
Scientex Bhd — 1H FY2021 Earnings Presentation
24 slides from Scientex Bhd's earnings presentation, Mar 10, 2021
Slide 1: Powered by Twin Engines: 1H21 Corporate Update & Financial Results
(Company No.: 7867-P) Powered by Twin Engines Corporate Presentation 1H21 Corporate Update & Financial Results 10 March 2021 IR Adviser
Slide 2: Financial Performance
Powered by Twin Engines FINANCIAL PERFORMANCE
Slide 3: Revenue Performance
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Higher revenue from property segment mitigates reduced packaging contributions… topline largely maintained despite challenges in global economy ❖ Topline contributions from packaging segment decreased Revenue by segm
Slide 4: Profit Performance
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix 1H21 operating profit remains commendable on stronger property sales… ❖ Stronger 1H21 operating profit due to: Operating profit by segment ❖ Better sales and progress billings from property projects 1H21 1H20 ❖ Maide
Slide 5: Cash Flow
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Operating cashflow remains at a healthy level; gearing level sustained after funding CAPEX for machinery and landbanking... Net cash from operations Net cash used in investing activities 1H20 1H21 RM’m 1H21 NOCF -3.2
Slide 6: Income Statement Summary
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Double-digit bottomline growth and margins amidst challenges in global economy… 2Q21 2Q20 Change RM'mil 1H21 1H20 Change Remarks 906.5 914.4 (0.9%) Revenue 1,708.8 1,791.7 -4.6% • 2Q21 revenue remained stable as high
Slide 7: Balance Sheet (Highlights)
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Balance sheet expands on CAPEX for new landbanks and machinery… Gearing remains at comfortable level As at As at Balance Sheet (RM ‘000) Remarks 31.01.2021 31.7.2020 Property, Plant & Equipment 1,375,683 1,322,579 Pu
Slide 8: Packaging Review
Powered by Twin Engines PACKAGING REVIEW
Slide 9: Segment Performance: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Dip in 1H21 packaging revenue amidst challenging global economy… Operating Profit Revenue Operating Profit Operating Profit Revenue -8.6% Margin 10.9% RM’m yoy RM’m (by geography) 9.8% 9.2% 8.1% Overseas 7.4% Malaysi
Slide 10: Growth Plans: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix 2Q21 revenue bounces back quarter-on-quarter... Overall demand for plastic packaging remains impacted by the challenging global economy Revenue Operating Profit (Quarterly) (Quarterly) 469.1 456.4 452.1 527.0 575.8 5
Slide 11: Growth Plans: Packaging
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix Strengthening and complementing our core expertise to engineer growth… INCREASING GOING CAPABILITES DOWNSTREAM • Continuously improving • Reaching end customers competitive edge of through expanded
Slide 12: Growth Strategies: Packaging
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix Four pillars focused on synergistic production capabilities, continued innovation through R&D, increased utilisation rate and achieving sustainability goals Growth supported by Efficiency Driven Ope
Slide 13: Property Development Review
Powered by Twin Engines PROPERTY DEVELOPMENT REVIEW
Slide 14: Segment Performance: Property Development
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Higher property sales and steady progress billings in 1H21 point towards sustained robust demand for affordable homes… Revenue Operating Profit Operating Profit (Annual) (Annual) Operating Margin RM775.5m GDV launche
Slide 15: Operations Review: New Property Launches
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Maiden launch in Tasek Gelugor… debuting the first-ever freehold landed 2- storey affordable homes in Penang 2-storey terrace houses Launched first Penang development in Tasek Gelugor • Launched in October 2020 • 382
Slide 16: Operations Review: New Property Launches
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Scientex Kundang Jaya… affordable freehold landed property within Klang Valley 2-storey terrace houses Launched Kundang Jaya development, second in Selangor • Launched in October 2020 • 393 units 2-storey terrace hou
Slide 17: Operations Review: New Property Launches
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Scientex Kota Tinggi... a new addition to the strong foothold of Scientex’s affordable homes in Johor 2-storey terrace houses Launched Kota Tinggi development, Scientex’s tenth in Johor • Launched in January 2021 • 1
Slide 18: Operations Review: Adapting to COVID-19 New Norm
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Virtual engagement with prospective customers extends reach to wider customer base amidst restrictions imposed on physical meetings… Zoom engagement with customers Lot selection event Social media interaction Virtual
Slide 19: Growth Plans: Property Development
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix Continuing ambitious landbanking and cross-border growth strategy... Completed in 1H FY2021 1 Cheras, Selangor: 138.6 acres, RM96.6 mil Peninsular Malaysia As at As at FY20* 2Q21* 2 Kundang Jaya 2,
Slide 20: Growth Strategies: Property Development
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix Aiming to provide high-quality, reasonably priced homes to meet Malaysia’s growing need for affordable housing… Vision 2028 Growth Strategies ❖ To deliver 50,000 affordable ❖ Implementing cost optim
Slide 21: Investment Merits
Powered by Twin Engines INVESTMENT MERITS
Slide 22: Investment Merits
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Twin growth engines with further potential to expand... attractive proxy to the burgeoning packaging sector and Malaysia’s affordable property market Regional leader in total solutions for packaging Valuations @ 8 Ma
Slide 23: Dividend History
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Paid final dividend of 13 sen per share in respect of FY2020… RM’m Dividend History 74.0% 49.2% 48.0% 49.8% 52.1% 36.6% 36.1% 35.9% 31.4% 28.7% 28.8% 32.1% 33.4% 31.7% 30.7% 30.2% 33.7% 30.9% 30.4% 26.6% 103.1 118.7
Slide 24: Question and Answer Session
Question and Answer Session Powered by Twin Engines Contacts: • Ms. Choo Pooi Luen plchoo@scientex.com.my T: 03-5524 8888/03-5519 1325 • Ms. Julia Pong julia@aquilas.com.my T: 03-2711 1391