38 slides from Matrix Concepts Holdings Bhd's earnings presentation, February 2024
Slide 1: 9M24 Results Presentation
9M24 Results Presentation February 2024
Slide 2: 9M24 Financial Highlights
9M24 Financial Highlights Net Profit Attributable to Revenue Profit Before Tax Equity Holders RM986.8m RM247.2m RM185.9m YoY Growth ↑ 21.0% YoY Growth ↑ 21.3% YoY Growth↑ 22.3% Revenue by Segments (RM) Revenue by Type (RM) Johor Australia Other Business Units RM32.9m RM3.3m RM29.1m 31.7% YoY Commerc
Slide 3: 9M24 Operations Review
9M24 Operations Review Projects Launched New Property Sales NS Dev RM724.2m RM961.4mil 9M24 RM978.6m Johor Dev - Others RM254.4m Average Take-up Rate (units) 81.2% Ongoing Projects NS Dev RM1,833.9m 9M24 Unbilled Sales* Johor Dev RM133.2m RM2,467.1m Others RM500.0m RM1.2 bil Total Landbank: Projects
Slide 4: 9M24 Performance Snapshot
9M24 Performance Snapshot Total Value of 9M24: RM961.4m Ongoing GDV RM2,467.1m as at 30.12.23 Properties Sold 9M23: RM1,067.2m (under construction) (RM2,796.5m as at 30.12.22) 357 346 353 405 345 309 305 311 3,077 3,174 2,997 2,9331 2,755 2,833 2,555 2,638 2,467 202 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q2
Slide 5: Developments and Business Unit
Developments and Business Unit 5
Slide 6: Sendayan Developments
Sendayan Developments Residential and Commercial Properties Updates: • New sales of RM796.4 mil in 9M24 (9M23: RM901.0 mil) • Average take-up rate of 90.3% for ongoing projects • Unbilled sales stood at RM1.1 bil as at 30 December 2023 RM’mil 3Q23 4Q23 1Q24 2Q24 3Q24 Start-Quarter GDV 2,040.8 2,186.
Slide 7: Bandar Seri Impian
Bandar Seri Impian Residential and Commercial Properties Updates: • New sales of RM45.7 mil in 9M24 (9M23: RM40.7 mil) • Average take-up rate of 41.8% for two ongoing projects • Unbilled sales stood at RM36.4 mil as at 30 December 2023 RM’mil 3Q23 4Q23 1Q24 2Q24 3Q24 Start-Quarter GDV 189.7 189.7 17
Slide 8: Levia Residences Kuala Lumpur
Levia Residences Kuala Lumpur High-Rise Residential Condominium Updates: • Phase 1 (Tower A), launched on 1st October 2023 • Encouraging presales booking above 50.4% Project summary: • 35-storey Residential High-rise condominium • Strategically located in Cheras with north & south orientation • Tota
Slide 9: M333 St Kilda
M333 St Kilda 12-Storey Mixed Development Updates: • Official launch in July 2022 • Take-up rate at 25.6% as at 30 December 2023 • Demolition and protection works notices are completed • Targeted completion June 2025 Project Summary: • 8-storey mixed development on 0.6-acre land • 79 residential apa
Slide 10: Menara Syariah, Indonesia
Menara Syariah, Indonesia 29-storey 2 blocks of premium office towers and retail podium Updates: • Project completed in December 2023 • Intend to sell one block and lease the other • In advanced discussions with prospective buyers and tenants Project Summary: • Located in Islamic Financial District
Slide 11: Matrix Global Schools
Matrix Global Schools Updates: ▪ 662 students enrolled as at 30 December 2023: - Matrix International School: 180 Students - Matrix Private School: 359 students - Matrix Preschool: 123 students ▪ Revenue for 3Q24 increased by 8.9% to RM3.5 mil (3Q23: RM3.2 mil) ▪ Loss before interest and tax for 2Q2
Slide 12: Investment Properties
Investment Properties d’Tempat Country Club d’Sora Boutique Business Hotel • Recognized as a premier lifestyle and entertainment • Ideal for business travelers due to close proximity to venue in Seremban Seremban city and Kuala Lumpur International Airport • Event/banquet hall bookings gradually rec
Slide 13: Financial Highlights
Financial Highlights 13
Slide 14: Income Statement
Income Statement Revenue Gross Profit Gross Profit Margin Highlights 9M24 RM986.8m 3Q24 9M24 53.9% • 3Q24 revenue decreased 18.6% to 21.0% 9M24 RM468.5mil 47.5% RM296.0 mil mainly due to 12.5ppt 3Q24 25.4% completion of Australia and Klang RM296.0m 3Q24 1.7ppt RM159.5mil Valley projects 18.6% 5.8% 9
Slide 15: Revenue Segmentation (by project)
Revenue Segmentation (by project) Australia Other Business Units RM 3.3m RM 29.1m Legend Project 9M24 Composition YoY movement Sendayan Developments Sendayan Developments 92.1% 52.2% YoY Klang Valley RM 908.8m RM12.8m 9M24 BSI 3.3% 31.7% YoY Revenue: Klang Valley 1.3% 83.0% YoY RM986.8m Australia 0.
Slide 16: Revenue Segmentation (by type)
Revenue Segmentation (by type) Industrial Other Business Units RM14.0m RM 29.1m Legend Type of Development 9M24 Composition YoY movement Residential Residential 93.7% 24.4% YoY RM 925.0m 9M24 Commercial 1.9% 4.8% YoY Commercial Revenue: RM 18.7m Industrial 1.4% 41.1% YoY RM986.8m Other Business Unit
Slide 17: Dividend Payout Summary
Dividend Payout Summary Paid Dividends Dividend Payout (RM’ mil) Payout Ratio 52% 51% 40% 45% 41% 51.2% 44% 43% Consistent quarterly 79.0 95.9 95.1 95.2 100.1 104.3 103.2 93.9 payout since 2013 FY17 FY18 FY19 FY20 FY21 FY22 FY23 9M24 Dividend Per Share (sen) 12.5sen 12.0sen 9.25sen 10 4Q22 4Q21 4Q23
Slide 18: Immediate Pipeline Launches (Bandar Sri Sendayan)
Immediate Pipeline Launches (Bandar Sri Sendayan) FY2024 LAUNCH TARGET RM1.1 billion FY2024 GDV (RM’ Mil) Projects No. of Units/Type 1Q 2Q 3Q 4Q Bayu Sutera 6 (Precinct 4A-3) 128 unit Residential lots 85.5 Bayu Sutera 7 (Precinct 3B) 200 unit 2-storey Terrace Houses 145.4 Levia Residence (Tower A) 1
Slide 19: Valuations – Stock Information
Valuations – Stock Information Share Price @ Number of Shares (‘m) 15 Feb 2024 RM1.76 1,251.3 Market Cap @ PE ratio (TTM) 15 Feb 2024 RM2.2 bil 8.4x Return on Equity Dividend Yield (TTM) 11.2% 6.3% 19 9M24 RESULTS PRESENTATION
Slide 20: Environmental Social Governance
ENVIRONMENTAL SOCIAL GOVERNANCE 20
Slide 21: ESG ranking and CSR contribution
Top 25% ESG ranked companies on Bursa Malaysia CSR Contribution in 9M24 RM4,265,102 Upgraded to 4 stars 21 9M24 RESULTS PRESENTATION
Slide 22: Eco Enzyme Workshop Launch
Corporate Social Responsibilities - Environment Eco Enzyme Workshop Launch Total 206 pax students participated in the workshop and they learn the knowledge of saving the environment by starting to do enzyme. 22 9M24 RESULTS PRESENTATION
Slide 23: Community & Education CSR
Corporate Social Responsibilities – Community & Education Christmas Candy Land @ d’Tempat Hospice Charity Dinner 2023 Country Club Bring joy and happiness to orphans and underprivileged Provide palliative care for terminally ill patient cancer and non- Children. All the children were given a special
Slide 24: Matrix sponsors Negeri Sembilan sports teams
Matrix are proud sponsors of : Negeri Sembilan Basketball Team Negeri Sembilan Football Team 24 1Q24 RESULTS PRESENTATION
Slide 25: Thank You
Investors Enquiries Contact Fadzli Suhaimi Louis Tan E: mohdfadzli@mchb.com.my E: louistan@mchb.com.my T: +606-7642-688 T: +606-7642-688 M: +6012-208-0090 M: +6017-336-1595 THANK YOU 25 9M24 RESULTS PRESENTATION
Slide 26: Appendix
Appendix 26
Slide 27: Development Overview
Development Overview Ongoing Future Landbank Total Landbank Ongoing GDV Future GDV Total GDV Landbank (Acres) (Acres) (Acres) (RM' Million) (RM' Million) (RM' Million) Domestic Sendayan 320.8* 1,187.51,2 1,508.2 1,833.9* 8,537.21,2 10,371.0 BSI 26.2 418.5 444.7 133.2 1,934.6 2,067.8 Other N.S. 0.0 2
Slide 28: Ongoing Projects: Sendayan Developments
Ongoing Projects: Sendayan Developments (as at 30 Dec 2023) Expected Type of Total Site Area Total Units Take-up Rate Estimated GDV Unbilled Sales Commencement Project Total Units Sold Completion Development (Acres) Launched (Units) (RM Million) (RM Million) (Month/Year) (Month/Year) Bayu Sutera 4 (
Slide 29: Ongoing Projects: Sendayan Developments
Ongoing Projects: Sendayan Developments (as at 30 Dec 2023) Expected Type of Total Site Area Total Units Take-up Rate Estimated GDV Unbilled Sales Commencement Project Total Units Sold Completion Development (Acres) Launched (Units) (RM Million) (RM Million) (Month/Year) (Month/Year) Tiara Sendayan
Slide 30: Ongoing Projects: Bandar Seri Impian
Ongoing Projects: Bandar Seri Impian (as at 30 Dec 2023) Total Site Area Total Units Take-up Rate Estimated GDV (RM Unbilled Sales Commencement Expected Completion Project Type of Development Total Units Sold (Acres) Launched (Units) Million) (RM' Million) (Month/Year) (Month/Year) Impiana Damai 2A
Slide 31: Ongoing Projects: Others
Ongoing Projects: Others (as at 30 Dec 2023) Total Site Area Total Units Take-up Rate Estimated GDV Unbilled Sales (RM Commencement Expected Completion Project Type of Development Total Units Sold (Acres) Launched (Units) (RM Million) Million) (Month/Year) (Month/Year) M333 St Klida Mix Dev 0.6 82 2
Slide 32: Future Projects: Sendayan Developments
Future Projects: Sendayan Developments Expected Estimated GDV (RM Expected Completion Project Type of Development Total Site Area (Acres) Total Projected Units Commencement Million) (Month/Year) (Month/Year) Ara Sendayan - Agiculture Lot Ariculture Lot 15.6 8 22.1 Ready for sales Ready for sales Ara
Slide 33: Future Projects: Sendayan Developments
Future Projects: Sendayan Developments Expected Estimated GDV (RM Expected Completion Project Type of Development Total Site Area (Acres) Total Projected Units Commencement Million) (Month/Year) (Month/Year) Iram+A21:G38a Sendayan Petrol Station Commercial 1.0 1 3.0 TBC TBC Irama Sendayan 2 Precinct
Slide 34: Future Projects: Bandar Seri Impian
Future Projects: Bandar Seri Impian Estimated GDV Expected Commencement Expected Completion Project Name/Location Type of Development Total Site Area (Acres) Total Projected Units (RM Million) (Month/Year) (Month/Year) BSI 2 DST 309.5 2,500 1,200.0 TBC TBC Impiana Alam DSSD 158 134.0 TBC TBC 29.9 Im
Slide 35: Future Projects: Others
Future Projects: Others Expected Commencement Expected Completion Project Name Type of Development Total Site Area (Acres) Total Projected Units Estimated GDV (RM Million) (Month/Year) (Month/Year) Levia Residence (Tower B) Ser Apart 2.6 1 278.0 Oct-24 Sep-28 DSSD 26 46.0 TBC TBC Cove Bay - PD 4.6 D
Slide 36: 9M24 New Launches
9M24 New Launches Expected Total Site Area Total Units Take-up rate Estimated GDV Net Sales Value Commencement Project Type of Development Total Units Sold Completion (Acres) Launched (Units) (RM' Million) (RM' Million) (Month/Year) (Month/Year) Bayu Sutera 7 (Precinct 3B) DST 21.5 200 81.5% 163 145
Slide 37: Completed Projects
Completed Projects Total Site Area Total Units Estimated GDV Net Sales Value Completion Project Type of Development Total Units Sold (Acres) Launched (RM Million) (RM Million) (Month/Year) Bayu Sutera 1 (Precinct 2B) DST 34.9 325 325 194.3 194.3 Sep-23 Bayu Sutera 2 (Precinct 2A) DST 22.6 255 255 14
Slide 38: Unsold Completed Stocks
Unsold Completed Stocks Estimated GDV Project Type of Development Total Units Launched Total Units Sold Units Unsold (RM Million) Chambers KL (PWTC) Serv Apart 509 508 1 1.0 Impiana Bayu 3A DST 83 74 9 7.0 Impiana Bayu 3B2 (Phase 2) DST 110 109 1 0.8 Impiana Square (Phase 1) DSSO 113 95 18 16.4 Sub