Eco World Development Group Bhd. · MYX:ECOWLD
Eco World Development Group Bhd — EcoWorld Malaysia — Investor Presentation (September 2023)
27 slides from Eco World Development Group Bhd's investor presentation, September 2023
Slide 1: EcoWorld Malaysia 3Q FY2023 Corporate Presentation
ECOWORLD MALAYSIA 3Q FY2023 CORPORATE PRESENTATION SEP 2023
Slide 2: Sales Updates
Moving Ahead SALES UPDATES
Slide 3: On Track to Achieve FY2023 Sales Target
ON TRACK TO ACHIEVE FY2023 SALES TARGET SALES FROM AN EXTENSIVE PRODUCT RANGE Sales (RM’bil) 3.82 3.84 10-months 3.72 sales 87% 10% 3.52 9% 20% 3.19 3.01 3.12 14% 3.06 10% 15% 23% 8% 15% 8% 12% 12% 11% 2.46 10% 33% 12% 2.30 9% 4% 10% 22% 18% 18% 10% 10% 13% 11% 17% 14% of FY2023 RM3.5 B 32% 9% 77% 6
Slide 4: Analysis of Sales by Region
ANALYSIS OF SALES BY REGION STRONGEST GROWTH FROM ECO SOUTH Eco South Eco Central Eco North RM1.4B RM1.4B RM190M • Eco South recorded RM1.4 bil in 10 months, surpassing FY2022 sales of RM1.3 bil. Growth momentum in Iskandar Malaysia is expected to continue anchored by extensive infrastructure improv
Slide 5: Sales from Iskandar Malaysia
SALES FROM ISKANDAR MALAYSIA AVERAGE OF MORE THAN RM1 BILLION PER ANNUM Sales (RM’million) RM10.45 BILLION 1,702 achieved in less than 1,430 10 years 1,302 1,213 1,199 1,109 Outperformance largely due to: 939 • Breadth and depth of EcoWorld 748 Malaysia’s projects and product 654 608 range in Iskand
Slide 6: Analysis of Group Sales by Segment
ANALYSIS OF GROUP SALES BY SEGMENT SUSTAINED INTEREST IN UPMARKET HOMES RM 121 m 4% Group-wide, residential properties recorded RM1.63 bil sales (53% of total sales in 10 months of FY2023): RM 997 m 33% • RM1.29 bil (79%) upmarket homes priced > RM650,000 • RM342 mil (21%) affordable homes priced <
Slide 7: Townships in Iskandar Malaysia
TOWNSHIPS IN ISKANDAR MALAYSIA MATURED AND THRIVING DEVELOPMENTS 5 Mixed Development Townships Eco Botanic & Eco Botanic 2 | Iskandar Puteri Eco Spring & Eco Summer |Tebrau Eco Botanic Eco Spring Eco Tropics | Pasir Gudang >12,000 Units Sold to-date in Iskandar Malaysia since 2013 Eco Summer Eco Tro
Slide 8: Sustained Growth of Commercial Segment
SUSTAINED GROWTH OF COMMERCIAL SEGMENT FURTHER ENHANCING LIVEABILITY & VIBRANCY OF EW TOWNSHIPS Eco Majestic City RM432M Commercial Properties Sold in 10-Months 97% of FY2022 Sales FY2023 New Launches Anchor Tenants HanaSquare | Eco Ardence | 96% sold SilverSquare |Eco Majestic | 68% sold EcoBiz III
Slide 9: Industrial Segment Powers Ahead
INDUSTRIAL SEGMENT POWERS AHEAD FUELLED BY GROWTH IN LOCAL & INTERNATIONAL DEMAND ECO BUSINESS PARK SALES (RM’mil) 132% of 71% of FY2023 industrial sales-to-date FY2022 Sales from Iskandar Malaysia 3-year pandemic 10-months CAGR 51% sales Exponential growth achieved through focused efforts to: 997 •
Slide 10: Portfolio of Industrial Parks
PORTFOLIO OF INDUSTRIAL PARKS 4 EXISTING + 1 NEW IN ISKANDAR MALAYSIA Tebrau, Flagship A Senai, Flagship E Pasir Gudang, Flagship D Puncak Alam, Klang Valley 612 acres, Freehold 383 acres, Freehold 248 acres, Freehold 769 acres, Leasehold The largest industrial hub in Iskandar Malaysia with total of
Slide 11: EBP V in Klang Valley
EBP V IN KLANG VALLEY BUSINESS PARK OF CHOICE FOR SME & LARGER INDUSTRIALISTS Phase 1 1 - 3 acres industrial land sale | Buit-to-suit Option Mix-and-match components Build-to-Suit Incorporate equipment to optimise space utilization (e.g. higher ceiling, as required by business - Office, Warehouse, h
Slide 12: Landbanking Updates
Moving Ahead LANDBANKING UPDATES
Slide 13: New Land Acquisition: 403.78 Acres for EBP VI
NEW LAND ACQUISITION 403.78 ACRES LAND FOR EBP VI IN ISKANDAR MALAYSIA 403.78 acres Freehold in Kulai, Iskandar Malaysia Estimated GDV RM1.58 Billion Light & Medium Industrial Total Industrial Landbank 2,416 acres (1,176 acres remaining) Total Industrial GDV RM10 Billion (RM5.7 billion remaining)
Slide 14: New Land Acquisition: Building on Success of EBP I, II & III
NEW LAND ACQUISITION BUILDING ON THE SUCCESS OF EBP I, II & III To date, over 900 SMEs are operating within Eco Business Park I, II & III in Iskandar Malaysia – new land presents opportunities to serve a wider range of industrialists whether large, medium or small
Slide 15: New Land Acquisition: 6.92 Acres in Klang Valley
NEW LAND ACQUISITION 6.92 ACRES LAND FOR IN KLANG VALLEY Key USPs all in place: 6.92 acres Freehold land in Kajang, Selangor • Located within matured township of Tropicana Heights Estimated GDV RM500 million • Ready amenities with school, for duduk serviced apartment hospital, f&b and retail nearby
Slide 16: Overview of Projects Launched to Date + More to Come
OVERVIEW OF 3 PROJECTS LAUNCHED TO DATE + MORE TO COME! Target Completion in 1Q 2024 First Sold Out Sold Out launched in Sept 2020 Klang Valley Iskandar Malaysia Penang NEW + Upcoming Launches • Below RM500k • 900 psf | 1,000 psf • Semi-furnished • Situated in matured township with amenities and lif
Slide 17: Why EcoWorld Works: DNA
WHY WORKS DNA – DREAMABLE + NECESSITIES + ATTAINABLE Lifestyle offerings at EcoWorld Townships: Ardence Labs | Spring Labs | Grandeur Labs | Commercial Precincts Restaurants Cafes Townparks Lakes School Grocers EV Chargers
Slide 18: Why EcoWorld Works: DNA
WHY WORKS DNA – DREAMABLE + NECESSITIES + ATTAINABLE
Slide 19: Remaining Landbank
REMAINING LANDBANK AS AT 31 AUG 2023 16 ongoing + 3 upcoming projects in Klang Valley, Iskandar Malaysia & Penang Eco North 224 acres 7% Mixed Township | 2,237 acres remaining Eco Central Eco South >3,400 acres 1,809 acres Remaining 53% 1,380 * acres 40% Landbank Industrial Park | 1,176 acres remain
Slide 20: Financial Highlights
FINANCIAL HIGHLIGHTS 3Q FY2023
Slide 21: 3Q FY2023 Financials
FINANCIAL UPDATES 3Q FY2023 FINANCIALS 7% 24% RM477 mil RM130 mil Malaysia JVs RM23 mil RM444 mil RM104 mil Lower than 3Q 2022 due to substantial completion of several phases in FY2022. 3Q FY2022 3Q FY2023 3Q FY2022 3Q FY2023 EWI (RM0.9 mil) Revenue higher due improved site Gross Profit improved due
Slide 22: 3Q FY2023 Financials: PAT
FINANCIAL UPDATES 3Q FY2023 FINANCIALS 15% 43% RM67 mil RM66 mil RM58 mil RM46 mil 0 0 3Q FY2022 3Q FY2023 3Q FY2022 3Q FY2023 PAT (Malaysian Operations) Overall PAT for 3Q 2023 increased excluding EWI, higher by 15% by 43%
Slide 23: Investment in EcoWorld International
27% INVESTMENT IN ECOWORLD INTERNATIONAL RM 214 MILLION DIVIDEND TO BE RECEIVED Sales Target Sales Recorded Reserves Total (FY2023) (as at 31 Aug 2023) + (as at 31 Aug 2023) = (as at 31 Aug 2023) RM1.4 bil RM1.0 bil RM157 mil RM1.16 bil • Declared RM792 million dividend to be paid on 29 Sept 2023. E
Slide 24: Future Revenue
FUTURE REVENUE AS AT 31 JULY 2023 EcoWorld Malaysia Future revenue from locked-in sales RM4.22 billion RM4.14 B + This provides: EcoWorld 1) Clear near & mid-term earnings visibility International 2) Strong cash-flow certainty RM0.08 B
Slide 25: Low Gearing = Ample Capacity for Landbanking
LOW GEARING = AMPLE CAPACITY FOR LANDBANKING AS AT 31 JULY 2023 Total Cash & Gross Net Borrowings Bank Balances Gearing Gearing RM2.46 bil RM976 mil 0.51x 0.31x EcoWorld Malaysia well positioned to RM550 million raised from rated continue taking advantage of good Sukuk in Aug 2023 opportunities that
Slide 26: Commitment to Dividend Payment
COMMITMENT TO DIVIDEND PAYMENT 3Q FY2023 FINANCIALS Stronger Balance Sheet & improved gearing position 2 sen 2nd interim dividend enabled dividend payments to continue in FY2023 Dividend Per Share declared in 3Q FY2023 2021 2022 2023 1Q - - - 4 sen Total dividends declared 2Q 3Q 4Q 2.00 - 2.00 2.00
Slide 27: Thank You
THANK YOU
EcoWorld Malaysia — Investor Presentation (September 2023) on 6ix