Slide 1: Powered by Twin Engines: FY23 Corporate Update & Financial Results
(Company No.: 7867-P) Powered by Twin Engines Corporate Presentation FY23 Corporate Update & Financial Results 20 September 2023 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 Record high revenue in FY2023 fueled by increased property development contribution… offsetting effect of softer global market for packaging products Revenue by segment ❖ FY23 packaging revenue decreased 8.2% yoy on
Slide 4: Profit Performance
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Operating profit growth in FY2023 driven by property development segment… Operating profit by segment ❖ FY23 operating profit increased 5.1% yoy due to enhanced property FY22 FY23 development performance, offsetting
Slide 5: Cash Flow
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Maintained strong operating cashflow due to resilient contribution from twin-core businesses… continued investments for long term growth Net cash from operations Net cash used in investing activities FY22 FY23 RM’m 8
Slide 6: Income Statement Summary
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix FY2023 results on firm footing with record high revenue and 6.9% net profit growth… 4Q23 4Q22 Change RM'mil FY23 FY22 Change Remarks 1,071.5 1111.3 (3.6%) Revenue 4,076.9 3,985.3 2.3% 148.9 178.7 (16.6%) Operating Pr
Slide 7: Balance Sheet (Highlights)
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Robust balance sheet with healthy net gearing of 0.2x… As at As at Balance Sheet (RM ‘000) Remarks 31.07.2023 31.07.2022 Property, Plant & Equipment 1,558,202 1,463,755 Increase in packaging machinery Investment Prop
Slide 8: Packaging Review
Powered by Twin Engines PACKAGING REVIEW
Slide 9: Segment Performance: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Packaging revenue moderated by softer global demand… faced higher operating costs and goodwill impairment on Myanmar operations Operating Operating Profit Revenue Profit Operating Profit Margin Revenue Overseas RM’m
Slide 10: Operations Review: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Packaging performance largely stable QoQ after excluding goodwill impairment on Myanmar operations… Revenue Operating Profit (Quarterly) (Quarterly) 583.8 618.8 671.5 617.4 678.1 692.8 749.7 740.8 716.0 655.1 635.4 6
Slide 11: Operations Review: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Implementing advanced packaging technologies and automation for enhanced competitiveness… • New automated bag making line expected to commence operations in Q4 CY2023, enhancing our capacity and capabilities for pet
Slide 12: Operations Review: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Adopting solar energy solutions at manufacturing sites for increased sustainability and mitigation of rising energy costs… • Commenced installation of second rooftop solar photovoltaic (PV) panel project at Klang pla
Slide 13: Growth Strategies: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Scientex a leader in innovative packaging solutions… enabling customers’ sustainability goals • Leader in innovation and development of flexible plastic packaging (FPP) solutions; providing value-added products custo
Slide 14: Growth Strategies: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Developing new range of recyclable packaging solutions catering to various product applications… • Continuous development of recyclable packaging solutions for F&B and FMCG segments • Mono material laminated packagin
Slide 15: Property Development Review
Powered by Twin Engines PROPERTY DEVELOPMENT REVIEW
Slide 16: Segment Performance: Property Development
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Property division registering double-digit growth on strong demand for affordable homes and steady construction progress… Revenue Operating Profit Operating Profit (Annual) (Annual) Operating Margin +29.1% +25.6% yoy
Slide 17: Operations Review: New Property Launches
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Launched second affordable homes project in Penang to meet growing market demand... 2-storey terrace houses Launched maiden project in Sungai Dua (343-acre) • Launched first phase in June 2023 • 309 units 2-storey te
Slide 18: Operations Review: New Property JV
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Expanding affordable housing developments to tap into Indonesia's vast and populous market… Aster Tulip Expanded into Jakarta, Indonesia • Entered into joint venture with Mustika Land and Creed Group to build afforda
Slide 19: Growth Strategies: Property Development
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix Continuing to expand landbank via cross-border growth strategy... Completed in FY2022 (567 acres) 1 Kundang Jaya, Selangor: 22 acres, RM17.4 mil Peninsular Malaysia As at As at 2 Pulai, Johor: 202 a
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 •Among top produc
Slide 23: Dividend History
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Kept dividend policies even in high-growth model… total dividends of 10 sen in respect of FY2023 RM’m Dividend History 74.0% 49.2%48.0% 49.8% 52.1% 36.6% 36.1% 35.9% 31.4% 35.4% 28.7% 28.8% 32.1%33.4% 31.7% 30.7%30.2
Slide 24: Thank You
Powered by Twin Engines Thank You 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