Crescendo Corp. Bhd. · MYX:CRESNDO
Crescendo Corp. Bhd — Q3 2023 Earnings Presentation
46 slides from Crescendo Corp. Bhd's earnings presentation, Dec 31, 2022
Slide 1: Corporate Profile 31 December 2022
CORPORATE PROFILE 31 December 2022
Slide 2: Property Development
J F crescendo PROPERTY DEVELOPMENT
Slide 3: Development Landbank
DEVELOPMENT LANDBANK Project /Taman Distance Status Type of Development from JB Development Land (Acres) Bandar Cemerlang 20km * - Tebrau, Johor Bahru Approved (i) Mixed 766 - Kota Tinggi Approved (i) Mixed 526 * Taman Perindustrian 16km Approved Industrial/ 36 Cemerlang Commercial * Taman Desa Ceme
Slide 4: Location of Landbank
LOCATION OF LANDBANK Bandar Cemerlang ( 1390 acres) Taman Dato Chellam ( 38 acres) Desa Cemerlang & Taman Perindustrian Cemerlang CLSB ( 1100 acres) Land Taman Perindustrian Nusa Cemerlang Tanjung Senibong ( 527 acres) ( 222 acres)
Slide 5: Bandar Cemerlang (BC)
BANDAR CEMERLANG (BC) • 1,390 acres of gross development land near Ulu Tiram to develop into an 864 acres of self-contained new township of residential/commercial developments and a 526 acres of industrial park. • Interchange completed in June 2011. It provides easy access to Bandar Cemerlang via th
Slide 6: Bandar Cemerlang (BC) (Cont.)
BANDAR CEMERLANG (BC) (CONT.) • To date about 11% of the township was developed with a total GDV value of RM851 million. This comprised 785 units of medium high cost landed houses with GDV of RM566 million, such as three storey cluster, double storey terrace, cluster and semi-detached houses that ar
Slide 7: Layout Plan of BC
crescendo LAYOUT PLAN OF BC BANDAR CEMERLANS TETUAN CRESCENDO DEVELOPMENT SDN. BHD.
Slide 8: Taman Perindustrian Cemerlang (TPC)
TAMAN PERINDUSTRIAN CEMERLANG (TPC) • TPC, a 600-acre industrial park with close to 980 factories, is fully developed and is one of the largest industrial parks in Johor. • Located approximately 18km from Johor Bahru, 32km from Senai Airport and 19km from Singapore.
Slide 9: Taman Perindustrian Cemerlang (TPC) (Cont.)
TAMAN PERINDUSTRIAN CEMERLANG (TPC) (CONT.) • All the 6 units of semi-detached factory and 2 units of detached factory with a total GDV of RM58 million were launched in October 2022.
Slide 10: Desa Cemerlang (DC)
DESA CEMERLANG (DC) • Self contained matured township development next to TPC with 6,900 units of mixed development and to date we have developed about 90% of this land. • The latest development for this project is 30 units of shop offices with total GDV of RM45 million and all units have been sold
Slide 11: Layout Plan of DC & TPC
F'crescendo LAYOUT PLAN OF DC & TPC DESA CEMERLANG & TAMAN PERINDUSTRIAN CEMERLANG CRESCENDO GROUP OF COMPANIES |
Slide 12: Nusa Cemerlang Industrial Park (NCIP)
NUSA CEMERLANG INDUSTRIAL PARK (NCIP) • 527 acres of gross development land with 15.98 acres of the land to build commercial and residential properties. • Main infrastructures such as rail, port and major highway are all in place nearby. • To date, about 62% of the land was developed with 197 units
Slide 13: Layout Plan of NCIP
crescendo LAYOUT PLAN OF NCIP TAMAN PERINDUSTRIAN NUSA CEMERLANG, MUKIM PULAI, DAERAH JOHOR BAHRU, JOHOR. Syit Piawai : 70 Skala 1:6000
Slide 14: Panoramic Land Sdn Bhd (PLSB)
PANORAMIC LAND SDN BHD (PLSB) • This is the industrial property investment arm for rental purposes. • Currently, there are 17 plots of land measuring approximately 48 acres located at NCIP, of which 11 units of factories have been completed. The 11 units of factories with GDV of RM241 million are cu
Slide 15: Tanjung Senibong
TANJUNG SENIBONG • Prime mixed residential and commercial development of 221.58 acres of land. • Comprises 1,854 units of residential properties to be built on 33.05 acres of land and commercial complex / service apartments on 6 plots of net land measuring 72.68 acres. • A waterfront project located
Slide 16: Layout Plan of Tanjung Senibong
LAYOUT PLAN OF TANJUNG SENIBONG
Slide 17: Taman Dato' Chellam (TDC)
TAMAN DATO’ CHELLAM (TDC) • 37.6 acres of mixed development land acquired on 12 May 2004. • Opposite to TPC and DC. • The last phase of this project comprises 131 PKJ B townhouse and 258 RMMJ townhouse units with total GDV of RM52 million. • All the 131 units of PKJ B project with GDV of RM13 millio
Slide 18: Layout Plan of TDC
F'crescendo ‘TAMAN DATO CHELLAM 8) OQ = LL. O = < oll ou — =) O > < oll
Slide 19: Ambok Resorts
AMBOK RESORTS • The completion of Sg Johor Bridge project in tandem with Senai-Desaru Highway has enhanced the accessibility and land value of this 794-acre landbank in Kota Tinggi. • Zoned for mixed development and possible to start developing this land in 6 years’ time. • The Pengerang Integrated
Slide 20: Location Plan of Ambok Resorts
LOCATION PLAN OF AMBOK RESORTS
Slide 21: Construction
CONSTRUCTION • Undertaken by Unibase group, which commenced activities in August 1989. • Undertakes mainly in-house contracts with some external contracts under Repute Construction Sdn. Bhd.
Slide 22: Concrete Manufacturing
crescendo CONCRETE MANUFACTURING
Slide 23: Concrete Manufacturing
CONCRETE MANUFACTURING • Ready-mix concrete plants and other concrete products plants to cater for both in- house and external needs. • 2 ready-mix concrete plants with a total capacity of 160 cubic m/hr. These 2 plants also manufacture ‘u’ drains, concrete pipes/culverts, piles and other precast pr
Slide 24: Education
crescendo EDUCATION
Slide 25: Education
EDUCATION • Crescendo International College (“CIC”) caters for Cambridge A-levels, tertiary education and professional qualification. • Crescendo-HELP International School (“CHIS”) offers primary and secondary education based on International General Certificate of Secondary Education (IGCSE) syllab
Slide 26: Near-Term Prospects
NEAR-TERM PROSPECTS • The unbilled sales from the total committed property sales as at 31 December 2022 is RM99 million. • Based on the lock-in sales, the Group’s performance in FY2023 is expected to remain satisfactory and main contributor will be from sales of landed residential, industrial and co
Slide 27: Near-Term Prospects (Cont.)
NEAR-TERM PROSPECTS (CONT.) • Development for Financial Year 2023 to 2025 Dev elopment Type Unit av ailable / GDV launched Unit RM m Launched Projects up to 31 December 2022 - Three storey shop 76 94 - Double storey house 81 66 - Detached and semi-d factories 17 156 - Affordable houses - RMMJ 40 6 2
Slide 28: Medium-to-Long Term Prospects
MEDIUM-TO-LONG TERM PROSPECTS • Demand for landed medium cost residential, industrial and commercial property market is expected to remain good especially in Iskandar Malaysia region for the next few years. • Continue to concentrate our effort to develop landed residential properties in Bandar Cemer
Slide 29: Strategies
crescendo STRATEGIES
Slide 30: Strategies
STRATEGIES • In view of the re-opening of all economic sectors and international border and the improvement in the labour market, the Group will continue to focus on landed medium cost and affordable housing development. • Continue to develop in smaller phases to be conservative. • Continue to sell
Slide 31: Business Outlook
BUSINESS OUTLOOK • The property market remains challenging in the short and medium term due to the rising cost of construction resulting from fluctuations in building materials cost, raising inflation and the uptrend in interest rate. • The re-opening of all economic sectors and international border
Slide 32: Appendix
crescendo APPENDIX
Slide 33: Group's Performance for the Past 3 Years
GROUP’S PERFORMANCE FOR THE PAST 3 YEARS 2020 2021 2022 3Q2023* Revenue (RM’000) 258,249 222,898 217,119 176,444 Profit Before Tax (RM’000) 50,126 42,401 33,839 42,290 Profit After Tax (RM’000) 27,967 29,780 23,981 29,713 Margin - Profit Before Tax (%) 19.41 19.02 15.59 23.97 - Profit After Tax (%)
Slide 34: Analysis by Segments
ANALYSIS BY SEGMENTS REVENUE PROFIT Margin 2022 3Q2023* 2022 3Q2023* 2022 3Q2023* (RM’000) (RM’000) (RM’000) (RM’000) % % Property Development & Construction 133,919 109,989 49,441 44,041 37 40 Manufacturing & trading 44,792 41,408 3,116 3,427 7 8 Property investment 8,540 7,642 4,705 5,190 55 68 Se
Slide 35: Revenue by Segment (FY2022)
REVENUE BY SEGMENT (FY2022) REVENUE Services and others 16% Property investment 4% Property Manufacturing and development and trading construction 20% 60%
Slide 36: Results by Segment (FY2022)
RESULTS BY SEGMENT (FY2022) PROFIT (EBIT) 60,000 50,000 40,000 30,000 RM'000 20,000 10,000 0 -10,000 Property development and construction Manufacturing and trading Property investment Services and others
Slide 37: Dividend Payment Ratio (Times)
DIVIDEND PAYMENT RATIO (TIMES) 2020 2021 2022 3Q2023* Profit Attributable (RM’000) 26,296 26,801 21,525 28,162 Net Dividend Declared (RM’000) 8,383 16,765 11,177 8,383 Dividend (Sen) 3.0 6.0 4.0 3.0 Dividend Yield (%) 2.5 5.9 3.3 2.9 Dividend Pay-out (%) 31.9 62.6 51.9 29.8 Market Price (RM) 1.20 1.
Slide 38: Group's Performance for the Past 5 Years
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS Earnings Per Share 14 12 10 8 Sen 6 4 2 0 2018 2019 2020 2021 2022 Restated EPS (Sen) 11 12 9 10 8 Financial Year
Slide 39: Group's Performance for the Past 5 Years (Cont.)
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS (CONT.) Revenue 350.00 300.00 250.00 200.00 RM'mil 150.00 100.00 50.00 0.00 2018 2019 2020 2021 2022 Restated Revenue (RM'mil) 277.16 295.59 258.25 222.90 217.16 Financial Year
Slide 40: Group's Performance for the Past 5 Years (Cont.)
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS (CONT.) Profit Before Tax 60.00 50.00 40.00 RM'mil 30.00 20.00 10.00 0.00 2018 2019 2020 2021 2022 Restated PBT (RM'mil) 47.23 54.05 50.13 42.40 33.49 Financial Year
Slide 41: Principal Activities
PRINCIPAL ACTIVITIES Business Activities Development Construction Division Services Division Investment Division Division Property Property Resort Building Concrete Education Management Investment Development Development Construction Products Services (future)
Slide 42: Group Structure
GROUP STRUCTURE AS AT 31 JANUARY 2022
Slide 43: Corporate Fact Sheet
CORPORATE FACT SHEET Listed On: April 8, 1997 (Main Board) Issued Shares: 280.5 mil (31 December 2022) Market Capitalization as of 31 December 2022: RM325 mil (@RM1.16) Par Value Per Share: RM1.00 NTA/Share: RM3.34 (31 October 2022) Major Shareholders: Sharikat Kim Loong Sendirian Berhad (68.77%) (1
Slide 44: Corporate Fact Sheet (Cont.)
CORPORATE FACT SHEET (CONT.) Corporate Address: 18th Floor, Public Bank Tower No. 19, Jalan Wong Ah Fook 80000 Johor Bahru Johor, Malaysia Telephone number: +607 224 8316 Fax: +607 223 2562 Website: www.crescendo.com.my
Slide 45: Thank You
crescendo THANK YOU
Slide 46: Thank You
crescendo THANK YOU
Crescendo Corporation Berhad — Q3 2023 Earnings Presentation on 6ix