Eastern & Oriental Bhd. · MYX:E&O
Eastern & Oriental Bhd — Q4 FY2010 Earnings Presentation
13 slides from Eastern & Oriental Bhd's earnings presentation, May 31, 2010
Slide 1: Analyst Briefing: 4th Quarter Financial Results
ANALYST BRIEFING 4th QUARTER FINANCIAL RESULTS (PERIOD ENDED 31 MARCH 2010) 31 May 2010 1
Slide 2: Financial Highlights
Financial Highlights 2
Slide 3: E&O remains solidly profitable through tough economic conditions
E&O remains solidly profitable through tough economic conditions RM’000 Profit After Tax RM75,050 RM44,712 RM12,764 RM11,848 RM5,726 FY09 Q1 Q2 Q3 Q4 FY10 3 (RM32,057)
Slide 4: With significant turnaround in earnings performance
With significant turnaround in earnings performance FY 2009 FY2010 Profit / (Loss) attributable to (RM’000) (37,276) 70,886 Equity Holders Adjusted weighted average number of ordinary stock (unit ‘000) 666,211 1,063,967 units 6.66 Basic earning / (loss) earning (sen) (5.60) per stock unit 9.31** 1.2
Slide 5: Reflecting strong income growth primarily driven by property development division
Reflecting strong income growth primarily driven by property development division RM’000 RM780,417 + 91% RM536,298 RM540,618 + 67% + 312% RM407,599 RM321,073 RM131,125 REVENUE SALES UNBILLED SALES FY09 FY10 FY09 FY10 31 Mar 31 Mar 2009 2010 Notes: Revenue : After applying results for jointly control
Slide 6: While consistently maintaining healthy gross margins
While consistently maintaining healthy gross margins Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY10 FY 2010 Revenue* (RM'000) 77,778 183,493 123,562 151,465 536,298 Gross Profit* (RM'000) 22,166 54,323 48,337 39,520 164,346 Gross Margin 28.5% 29.6% 39.1% 26.1% 30.6% • Sustained healthy gross margin levels througho
Slide 7: Significant improvement in cash & gearing position of the group
Significant improvement in cash & gearing position of the group As At As At As At As At 30 June 09 30 Sept 09 31 Dec 09 31 Mar 10 (RM’000) (RM’000) (RM’000) (RM’000) Cash & Cash Equivalent 262,724 237,608 519,193 558,987 Net Borrowing 660,662 666,090 377,770 272,061 Total Equity * 821,118 847,000 1,
Slide 8: On a stronger footing to push ahead to the next cycle
On a stronger footing to push ahead to the next cycle Property Development Execution of current projects and other upcoming launches : Klang Valley • St Mary Residences Seri Tanjung Pinang • Jalan Kia Peng / Conlay • Quayside Phase 1 (4 Towers) • Jalan Yap Kwan Seng • Quayside Phase 2 (3 Towers) • T
Slide 9: Next Cycle Game Plan: Hospitality & Lifestyle
Next Cycle Game Plan Hospitality & Lifestyle • The E&O Group’s Lone Pine Hotel is being refurbished and expanded to 90 suites. Target re-opening : end 2010 • E&O Hotel Annexe – Adding 136 suites (to existing 100 suites) and more conference facilities Lone Pine Hotel, Penang E&O Hotel, Penang 9
Slide 10: Next Cycle Game Plan: Property Investment
Next Cycle Game Plan Property Investment • Upcoming launch of Straits Quay, Penang island’s only seafront festive retail marina in late 2010 will feature established retail and F&B outlets from Penang and beyond • 270,000sf net lettable area Straits Quay and Quayside Seafront Resort Condominiums, Se
Slide 11: Summary
Summary 11
Slide 12: FY2010 ~ A Stronger Financial Performance
FY2010 ~ A Stronger Financial Performance • Turnaround in the black with profit after tax of RM75 million (FY2009 : Loss after tax of RM32 million) • Delivered significant revenue growth of 67% and unbilled sales of more than 300% y- on-y • Maintained a consistent healthy gross margin level of 26-30
Slide 13: Thank You
Thank You EASTERN & ORIENTAL BERHAD Eastern & Oriental Berhad (555-k) Level 3A (Annexe), Menara Milenium, 8 Jalan Damanlela, Damansara Heights, 50490 Kuala Lumpur, Malaysia T 603 2095 6868 F 603 2095 9898 www.easternandoriental.com Disclaimer: The content of thic presentation includes materials whic
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