Malaysian Resources Corp. Bhd. · MYX:MRCB
Malaysian Resources Corp. Bhd — Q4 2022 Earnings Presentation
21 slides from Malaysian Resources Corp. Bhd's earnings presentation, Dec 31, 2022
Slide 1: Analyst Briefing: Quarter Ended 31 December 2022
ANALYST BRIEFING Quarter Ended 31 December 2022 t of _ FTSE4GOOD Bursa Malaysia Index Des BG otaulalth 9 Seputeh’s Promenade Boulevard
Slide 2: MRCB's ESG Performance in 2022
MRCB’s ESG Performance in 2022 Climate Change & the Environment Good Corporate Governance Target: Net Zero Carbon* by 2040 Target: Best-In-Class Practices & Disclosures • • Social Responsibility Target: World Class Work Practices & Community Development Note: * for Scope 1 & Scope 2 2 Performance sh
Slide 3: MRCB Financial Summary
MRCB Financial Summary MRCB 12M FY2022 Overview MRCB Segment Overview Revenue Profit Before Tax Property Engineering & Others Development Construction RM 3,205 mil. RM 154 mil. 121% y-o-y 152% y-o-y Revenue 37% y-o-y RM mil. 915 2,234 56 Profit After Tax Net Gearing RM 54 mil. 697% y-o-y 0.32x Reven
Slide 4: Key Highlights
Key Highlights Revenue Operating Profit PBT EPS (RM mil.) (RM mil.) (RM mil.) (sen) 121% 109% 152% 303% 3,205 248 154 1.45 1,448 119 61 0.36 FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 • The higher Revenue and Profit in 2022 was mainly due to more normalised operations, which resulted in
Slide 5: Financial Performance
Financial Performance Q4 (3M) 12M Y-o-Y Y-o-Y RM Million FY2022 FY2021 FY2022 FY2021 Growth % Growth % Revenue 834 858 (2.8)% 3,205 1,448 >100% Other Operating Income 17 146 (88.4)% 58 173 (66.2)% Operating Expenses (788) (855) (7.9)% (3,016) (1,503) >100% Operating Profit 63 149 (57.7)% 248 119 >10
Slide 6: Financial Performance
Financial Performance Revenue Operating Profit and Margin 858 811 860 834 17.4% 700 149 7.7% 9.2% 7.6% 6.5% 79 52 54 63 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q4'21 Q1'21 Q2'22 Q3'22 Q4'22 PBT and Margin EPS (sen) 14.4% 124 1.68 6.6% 57 4.5% 3.9% 4.0% 38 32 28 0.53 0.31 0.32 0.29 Q4'21 Q1'21 Q2'22 Q3'22 Q4'2
Slide 7: Financial Performance
Financial Performance RM Million 31 Dec 2022 31 Dec 2021 NAV Per Share* (sen) Total Assets 101.3 101.4 Current Assets 3,577 3,651 101.1 101.0 Non-Current Assets 5,658 5,554 100.6 Total Assets 9,235 9,205 Total Liabilities Current Liabilities 2,702 2,451 Q4'21 Q1'21 Q2'22 Q3'22 Q4'22 Non-Current Liab
Slide 8: Financial Performance
Financial Performance Leverage Profile (RM Million) 31 Dec 2022 31 Dec 2021 Net Debt and Gearing Debt 0.37x Short Term Borrowings 841 479 Long Term Borrowings 1,216 1,453 0.32x 0.29x 0.29x 1,671 0.28x 1,464 Total Debt 2,057 1,932 1,306 1,344 1,252 Less: Deposits, cash and bank balances 534 579 Other
Slide 9: Segmental Reporting
Segmental Reporting Revenue Split – RM3,205 mil. Revenue Contribution Analysis 3,205 1% FY2021 E&C 2,234 FY2022 1,448 29% 903 915 Property Development 499 46 56 70% Others** Group E&C Property Others** Development Segmental Profit Split – RM241 mil. 241 FY2021 177 FY2022 153 117 70 (41) 5 (6) Group
Slide 10: Segmental Reporting
Segmental Reporting Q4 (3M) 12M Y-o-Y Y-o-Y RM Million FY2022 FY2021 FY2022 FY2021 Growth % Growth % Revenue 261 153 71.6% 915 498 83.6% Profit 52 136 (61.7)% 177 153 15.2% Margin* (%) 19.9% 88.2% 19.3% 30.8% Profit and Margin Performance Discussion Contributed 29% of Group revenue, largely from Sen
Slide 11: Property Sales of RM487.9 Million
Segmental Reporting Property Sales of RM487.9 Million Total Project GDV % Sales Achieved* as at Project Sales** Breakdown YTD 2022 (RM’mil) (RM’mil) 31 Dec 2022 Completed Projects Sentral Residences 1,439 100% 9.5 VIVO 9 Seputeh – Residential 982 84% 6.4 VIVO 9 Seputeh – Commercial (incl. retail car
Slide 12: Total Unbilled Sales of RM536.5 Million
Segmental Reporting Total Unbilled Sales of RM536.5 Million Breakdown of Unbilled Sales Revenue Sentral Suites (Residential) Recognised* Unbilled In FY2022 Sales** Sentral Suites (Retail) Project Construction Progress (RM’mil) (RM’mil) TRIA Alstonia Residential Amaryllis Sentral Suites 316.0 290.8 L
Slide 13: What We Have To Sell: RM0.7 Billion
Segmental Reporting What We Have To Sell: RM0.7 Billion (by Gross Development Cost) Unsold Projects Under Completed Unsold Units Total Construction RM476.3 mil. RM227.0 mil. RM703.3 mil. Breakdown of Completed Unsold Units (RM’ mil.) 111.6 Projects Under Construction 84.9 RM 476.3 mil. 68% 13.7 7.6
Slide 14: Property Projects in the Pipeline – RM5.0 Billion
Segmental Reporting Property Projects in the Pipeline – RM5.0 Billion 2023 Launches VISTA, Surfer’s Paradise, Gold Coast 1Q ~1,200 (AUD391 mil) 280 Kwasa Sentral Plot F (Residensi Tujuh) 1Q 329 573 Total 2023 RM1,529 mil 853 units 2024 Launches Bukit Jalil Sentral, Phase 1A 1Q 808 1,200 The Symphony
Slide 15: Segmental Reporting
Segmental Reporting Q4 (3M) 12M Y-o-Y Y-o-Y RM Million FY2022 FY2021 FY2022 FY2021 Growth % Growth % Revenue 559 697 (19.9)% 2,234 903 >100% Profit 9 11 (20.7)% 70 (41) >100% Margin* (%) 1.5% 1.6% 3.1% (4.5)% Profit and Margin Performance Discussion Contributed 70% of Group Revenue, largely from: LR
Slide 16: Unbilled External Order Book – RM17,375 mil.
Segmental Reporting Unbilled External Order Book – RM17,375 mil.1 as at 31 Dec 2022 Contract Value Progress 2 External Order Book Analysis External Contracts (RM Million) Fee-based Buildings: 5% PR1MA Brickfields 276 50% FINAS 170 13% Infra Buildings 44% Infrastructure: 2% SUKE - CA2 Package 317 85%
Slide 17: MRCB's Strategy
MRCB’s Strategy • • • • • • • • 17 17
Slide 18: VISTA, Surfers Paradise, Gold Coast
VISTA, Surfers Paradise, Gold Coast • • • 18
Slide 19: The Symphony Centre, Auckland City Center
The Symphony Centre, Auckland City Center • • 19
Slide 20: Bledisloe House, Auckland City Center
Bledisloe House, Auckland City Center • • 20
Slide 21: An artist's impression of Kwasa Sentral
An artist's impression of Kwasa Sentral (GDV RMI million) MALAYSIAN RESOURCES CORPORATION BERHAD (7994-D) Level 30, Menara Allianz Sentral, No. 203, Jalan Tun Sambanthan, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia Tel: 603 2786 8080 / 603 28597070 Fax: 603 2780 7988 www.mreb.com Ei MRCBGroup
Malaysian Resources Corporation Berhad — Q4 2022 Earnings Presentation on 6ix