Megawide Construction Corporation · PSE:MWIDE
Megawide Construction — H1 2022 Earnings Presentation
14 slides from Megawide Construction's earnings presentation, Aug 12, 2022
Slide 1: Unaudited Financial Results for 1H2022
Unaudited Financial Results for 1H2022 12 August 2022
Slide 2: Disclaimer
DISCLAIMER This presentation was prepared solely and exclusively for discussion purposes. This presentation and/or any part thereof may not be reproduced, disclosed or used without the prior written consent of Megawide Construction Corporation (the “Company”). This presentation, as well as discussio
Slide 3: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT In PhP M 1H2022 1H2021 % Revenues 8,020.15 7,583.87 6% Contract revenues 7,071.55 6,984.41 1% Airport operations revenues 643.82 235.01 174% Trading operations revenues 54.38 4.39 1,139% Terminal operations revenue 250.40 360.05 -30% Direct costs 6,550.53 6,274.24 4% Co
Slide 4: Segment Breakdown
SEGMENT BREAKDOWN REVENUE (Pmn) EBITDA (Pmn) NET INCOME / (LOSS) (Pmn) 8,020 7,584 250 54 360 1,783 1,659 644 235 4 -441 -53 68 156 281 166 3 372 355 7,072 6,984 -466 1,458 1,494 -789 -9 -24 -109 -7 1H 2022 1H 2021 1H 2022 1H 2021 1H 2022 1H 2021 9% 9% -2% 3% 1% 8% 74% 88% 31% 82% Construction Airpo
Slide 5: Margin Performance
MARGIN PERFORMANCE 1H 2022 1H 2021 Gross Profit Margin 18% 17% Construction 16% 15% Airport Operations 45% 26% Airport Merchandising 39% 4% Terminal Operations 24% 55% EBITDA Margin 22% 22% Construction 21% 21% Airport Operations 26% -46% Airport Merchandising 5% -154% Terminal Operations 62% 78% Ne
Slide 6: Stable Revenue Generation
STABLE REVENUE GENERATION 2021 BREAKDOWN QUARTERLY PERFORMANCE (PhP M) Const Solutions 4,783 7% 4,342 3,799 3,792 3,773 3,616 3,572 3,563 3,430 3,421 3,280 2,568 2,551 EPC 93% 1,062 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20* 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 6
Slide 7: Healthy and More Balanced Order Book
HEALTHY AND MORE BALANCED ORDER BOOK ORDER BACKLOG SEGMENT 100 80.0 90 70.0 80 Order Book (PhP B) 68.4 60.0 Residential, 35% Office, Commercial and Industrial, 70 No. of Projects 60.0 48% 60 56.4 53.3 50.0 50 50.1 52.4 50 37 41 40.0 40 39.1 30.0 30 32.6 43 38.5 20.0 20 30 10 21 21 20 20 10.0 Infra a
Slide 8: Revenge Travel in Motion
REVENGE TRAVEL IN MOTION QUARTERLY REVENUES (PhP M) 1H2022 BREAKDOWN 224 AERO RELATED, 210 199 P75M PSC, P292M 133 114 119 NON-AERO, 110 111 P276M 85 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 8 Note: Numbers do not include airport merchandising revenues
Slide 9: Passenger Traffic Recovery
PASSENGER TRAFFIC RECOVERY BREAKDOWN PASSENGER MONTHLY (in ‘000) 41.7 Dom 36 31.5 Int'l Int'l 10% 26.73 218.3 21.1 175 21.43 169.428.5 12.94 20.6 12.8 111.0 115.5 143.9 12.2 16.9 7.7 62.1 52.6 73.7 58.5 81.7 89.4 55.5 73.2 13.7 8.4 15.0 275 405 480 471 5.4 5.4 Domestic 90% PASSENGER VOLUME (‘000) 1H
Slide 10: New Gateways Unlocked
NEW GATEWAYS UNLOCKED BREAKDOWN ATMs 219 401 Dom 394 Int'l Int'l 219 10% 291 333 191 193 302 1,220 103 1,060 69 818 153 98 788 109 701 131 860 70 845 70 771 58 1,367 1,693 2,219 1,601 1,618 2,522 3,687 4,200 4,312 997 Domestic 90% ATM YTD 1H2022 1H2021 % Decrease Domestic 17,614 5,321 231% Int’l 1,4
Slide 11: Commercial Re-opening
COMMERCIAL RE-OPENING NON-AERO SHARE TO TOTAL COMMERCIAL GLA (sqms) T1 Ph 2 400 400 400 Airport village T2 1,800 1,800 1,800 1,800 T1 Ph1 3,800 3,800 3,800 3,800 3,800 3,500 4,200 4,200 4,200 4,200 3,200 2,000 28% 31% 32% 34% 44% 54% 47% 43% 2016 2017 2018 2019 2020 2021 1H2022 2016 2017 2018 2019 2
Slide 12: Industry-Wide Low Occupancy
INDUSTRY-WIDE LOW OCCUPANCY 1H2022 BREAKDOWN (in Php M) QUARTERLY RENTAL REVENUE (in Php M) Office Commercial PFRS 16, 74.2 Office, 23 117.4 19 59 30 25 Retail, 58.8 169 20 154 105 117 96 76 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 12
Slide 13: Breaching Pre-Pandemic Level
Jan-20 6160 Feb-20 56 Mar-20 Apr-20 10 May-20 27 Jun-20 Jul-20 29 Aug-20 39 Sep-20 46 Oct-20 51 Nov-20 58 Dec-20 Jan-21 52 53 Feb-21 45 Mar-21 Apr-21 26 41 May-21 51 Jun-21 47 Jul-21 Aug-21 28 35 Sep-21 51 Oct-21 62 Nov-21 Dec-21 80 50 Jan-22 60 Feb-22 AVERAGE DAILY FOOT TRAFFIC (‘000) Mar-22 87 Apr
Slide 14: Thank you
hil MEGAWIDE pe Philippines Thank you Contact us Follow us
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