Malaysian Resources Corp. Bhd. · MYX:MRCB
Malaysian Resources Corp. Bhd — Q4 2021 Earnings Presentation
17 slides from Malaysian Resources Corp. Bhd's earnings presentation, Dec 31, 2021
Slide 1: Analyst Briefing - Quarter Ended 31 December 2021
ANALYST BRIEFING Quarter Ended 31 December 2021 oo t of News| _ FTSE4GOOD Bursa Malaysia Index Des BG otaulalth 9 Seputeh’s Promenade Boulevard
Slide 2: Table of Contents
1060 Carnegie in Melbourne, Australia GDV RM300 milion, ‘Completed December 2019 MCB Table of Contents W MRCB Financial Summary Key Highlights Financial Performance Segmental Reporting: Overview Segmental Reporting: Property Development & Investment Segmental Reporting: Engineering, Construction & E
Slide 3: MRCB Financial Summary
MRCB Financial Summary MRCB FY2021 Overview MRCB Segment Overview Revenue Profit Before Tax Property Engineering & Others RM 1,448 mil. RM 61 mil. Development Construction 21% y-o-y 140% y-o-y Revenue 37% y-o-y RM mil. 499 903 47 Profit After Tax Net Gearing RM 7 mil. 104% y-o-y 0.28x Revenue Contri
Slide 4: Key Highlights
Key Highlights Revenue Operating Profit/Loss PBT/LBT EPS (RM mil.) (RM mil.) (RM mil.) (sen) 21% 214% 140% 109% 119 61 1,448 0.36 1,199 FY2020 FY2021 FY2020 FY2021 FY2020 FY2021 FY2020 FY2021 (154) (104) (4.02) • The higher Revenue and Profit in FY2021 vs FY2020 was largely due to Other Operating In
Slide 5: Financial Performance
Financial Performance Q4 (3M) 12M Y-o-Y Y-o-Y RM Million FY2021 FY2020 FY2021 FY2020 Growth % Growth % Revenue 858 309 >100% 1,448 1,199 20.8% Other Operating Income 145 11 >100% 172 44 >100% Total Revenue 1,003 320 >100% 1,620 1,244 30.3% Operating Expenses 854 275 >100% 1,502 1,348 11.4% Operating
Slide 6: Financial Performance
Financial Performance Revenue Operating Profit and Margin 14.7% 17.4% 858 149 6.6% 309 227 226 45 138 15 (12.7)% (12.0)% Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q4'20 Q1'21 Q2'21 Q3'21 (17) Q4'21 (29) PBT and Margin EPS (sen) 21.8% 124 1.68 11.9% 14.4% 2.5% 0.64 37 0.12 6 (16.9)% Q4'20 Q1'21 Q2'21 Q3'21 Q4'21
Slide 7: Financial Performance
Financial Performance RM Million 31 Dec 2021 30 Sept 2021 NAV Per Share* (sen) Total Assets 103.1 103.3 Current Assets 3,633 2,623 101.5 101.0 Non-Current Assets 5,552 5,420 99.5 Assets held for sale - - Total Assets 9,185 8,043 Total Liabilities Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Current Liabilities 2,4
Slide 8: Financial Performance
Financial Performance Leverage Profile (RM Million) 31 Dec 2021 30 Sept 2021 Net Debt and Gearing Debt Short Term Borrowings 479 656 1,310 1,293 Long Term Borrowings 1,453 1,223 1,250 1,200 HP creditors 0 0 1,090 0.30x 0.29x 0.29x Total Debt 1,932 1,879 0.28x 0.24x Less: Deposits, cash and bank bala
Slide 9: Segmental Reporting
Segmental Reporting Revenue Split – RM1,448 mil. Revenue Contribution Analysis 1,448 4% FY2020 E&C 1,199 FY2021 903 Property 635 34% 515 499 Development 62% Others** 49 47 Group E&C Property Others** Development Segmental Profit Split – RM117 mil. FY2020 153 117 FY2021 63 8 5 Group E&C Property Othe
Slide 10: Segmental Reporting – Key Highlights
Segmental Reporting – Key Highlights Q4 (3M) 12M Y-o-Y Y-o-Y RM Million FY2021 FY2020 FY2021 FY2020 Growth % Growth % Revenue 153 146 4.8% 499 635 (21.5)% Profit 136 19 >100% 153 63 >100% Margin (%) 88.9% 12.8% 30.8% 9.9% Profit and Margin Performance Discussion Contributed 34% of Group revenue, lar
Slide 11: Segmental Reporting – Key Highlights: Property Sales
Segmental Reporting – Key Highlights Property Sales of RM309.8 Million Total Project GDV % Sales Achieved* as at Sales** Breakdown in 2021 Project (RM’mil) 31 Dec 2021 (RM’mil) Completed Projects Sentral Residences 1,439 100% 9.7 VIVO 9 Seputeh 982 84% 10.3 Kalista, Bukit Rahman Putra 102 85% 0.0 40
Slide 12: Segmental Reporting – Total Unbilled Sales
Segmental Reporting – Key Highlights Total Unbilled Sales of RM923.0 Million Breakdown of Unbilled Sales Revenue Recognised* In FY2021 Unbilled Sales Sentral Suites TRIA Alstonia Amaryllis Project Construction Progress (RM’mil) (RM’mil) Residential 27% Sentral Suites 62.0% 204.9 613.2 TRIA 9 Seputeh
Slide 13: What We Have To Sell: RM0.8 Billion
Segmental Reporting – Key Highlights What We Have To Sell: RM0.8 Billion Projects Under Construction Completed Unsold Units Total RM412.6 mil. RM360.8 mil. RM773.4 mil. Total excluding unlaunched retail/office units in VIVO 9 Seputeh = RM221.0 mil. Breakdown of Completed Unsold Units (RM’ mil.) 224.
Slide 14: Land Bank
Land Bank Land Size GDV Start Completion % Stake (Acres) RM' mil. Date Date Transport Oriented Developments KL Sentral 5.70 3,949 100% 2022 2027 PJ Sentral Garden City 11.91 2,700 100% 2013 2026 Penang Sentral 21.97 2,698 100% 2015 2027 Cyberjaya City Centre 41.45 5,350 70% 2017 2024 Kwasa Sentral 6
Slide 15: Segmental Reporting – Key Highlights
Segmental Reporting – Key Highlights Q4 (3M) 12M Y-o-Y Y-o-Y RM Million FY2021 FY2020 FY2021 FY2020 Growth % Growth % Revenue 697 152 >100% 903 515 75.4% Profit 11 24 (55.2)% (41) (174) 76.6% Margin (%) 1.6% 16.1% (4.5)% (33.9)% Profit and Margin Performance Discussion Contributed 62% of Group Reven
Slide 16: Key Highlights & Activities
Key Highlights & Activities Unbilled External Order Book – RM19,786 mil.1 as at 31 Dec 2021 External Order Book Analysis Contract Value Progress 2 External Contracts (RM Million) Fee-based Buildings: 4% PR1MA Brickfields 276 24% FINAS 170 9% Buildings Infra 2% Infra: 46% MRT2 V210 Package - 2.6km Gu
Slide 17: Contact details
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
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