OSK Holdings Bhd. · MYX:OSK

OSK Holdings Bhd — Shareholder Meeting (April 2023)

66 slides from OSK Holdings Bhd's shareholder meeting presentation, Apr 18, 2023

  1. Slide 1: OSK Holdings Berhad 33rd Annual General Meeting

    OSK Holdings Berhad 33rd Annual General Meeting 18 April 2023 Strictly private & confidential. For discussion purposes only.

  2. Slide 2: Disclaimer

    Disclaimer • This presentation/document (“presentation”) has been prepared by OSK Holdings Berhad and its subsidiaries (“OSK Group”). All information contained in this presentation is published for reference only. Expressions of opinion, forecasts or intentions contained herein are subject to change

  3. Slide 3: Content

    01 MSWG’s Questions on Annual Report 2022 02 Group Financial Performance Review 03 Group Business Updates Content i. Capital Financing and Investment in RHB ii. Industries iii. Hospitality iv. Property Development and Property Investment v. Construction 04 ESG Updates

  4. Slide 4: MSWG's Questions on Annual Report 2022

    01 MSWG’s Questions on Annual Report 2022 Melbourne Square, Australia

  5. Slide 5: MSWG's Question No. 1

    MSWG’s Question No. 1 The steep hike in the prices of building (a) The construction contracts for most of the property development materials, which has an adverse impact on projects were undertaken by the Construction Division except for the building industry. (Page 58 of AR) one high-rise project a

  6. Slide 6: MSWG's Question No. 1 (Cont'd)

    MSWG’s Question No. 1 (Cont’d) The steep hike in the prices of building (b) For new projects that were launched in FY2022, the Property and materials, which has an adverse impact on Construction Divisions have been working closely under our Prop- the building industry. (Page 58 of AR) Con model wher

  7. Slide 7: MSWG's Question No. 2

    MSWG’s Question No. 2 The Group’s Shariah-compliant financing (a) Our Syariah-compliant financing business primarily comprises business, which commenced operations in of civil servant financing and term financing. We introduced FY2021, has grown its portfolio to RM83.4 million civil servant financin

  8. Slide 8: MSWG's Question No. 3

    MSWG’s Question No. 3 The new machineries are expected to contribute The Group is planning to invest in new machinery and upgrade positively to OCC’s production capacity by the end the existing machines to raise our production capacity. of FY2024. (Page 78 of AR) (a) The total CAPEX for FY2023 is es

  9. Slide 9: MSWG's Question No. 4

    MSWG’s Question No. 4 The property segment in Australia recorded RM11 We wish to clarify that the Australia geographical segment million in revenue and profit before tax of RM5.02 includes 2 business divisions i.e. Property Development and million in FY2022 as compared to RM1.14 million Financial Se

  10. Slide 10: MSWG's Question No. 5

    MSWG’s Question No. 5 The Group has completed (a) As at 31 December 2022, there were 130 unsold units with a value of AUD178.2 Stage 1 of MSQ in million. As at the end of March 2023, there were 124 units with a value of AUD166.6 Melbourne. million, of which 50 units with a value of AUD45.5 million w

  11. Slide 11: Group Financial Performance Review

    02 Group Financial Performance Review Windmill Upon Hills, Genting

  12. Slide 12: Overview

    Overview • Our Group has 5 core businesses, namely Financial Services, Property, Construction, Industries and Hospitality. • The main PBT contributor to the Group is Financial Services at 66% (64%) followed by Property at 31% (38%). • Although each business unit differs in revenue and profit size, e

  13. Slide 13: Financial Performance

    Financial Performance With the reopening of all economic sectors in April 2022 and the country's transition to the endemic phase of Covid-19, the Group has recorded a commendable growth in FY2022. Increase/ RM’million FY22 FY21 (Decrease) (%) A B (A-B)/B Revenue 1,320.9 1,126.1 17.3 Profit before Ta

  14. Slide 14: 5-Years Segment Performance

    5-Years Segment Performance RM’mil 550.0 5 Years Segmental PBT (RM’million) 464.6 488.0 470.6 416.7 6.9 450.0 395.4 93.4 234.5 230.4 350.0 297.1 320.9 250.0 168.3 150.0 206.1 237.1 105.3 177.7 143.8 50.0 8.5 12.1 25.9 27.8 1.4 1.7 15.0 2.3 8.6 (9.6) (6.3) (23.9) 10.3 (15.9) (0.9) (38.6) (4.6) (50.0)

  15. Slide 15: 5-Years Financial Performance (Cont'd)

    5-Years Financial Performance (Cont’d) RM’mil RM’mil PBT 5 Years Group Revenue, Reported PBT and Core PBT (RM’million) Revenue 1,321 1,400 1,204 1,208 1,000 1,126 1,200 1,086 1,000 800 800 600 488 471 469 600 455 395 471 481 400 465 417 400 302 200 200 - - FY2018 FY2019 FY2020 FY2021 FY2022 Reported

  16. Slide 16: Financial Position as at 31.12.2022

    Financial Position as at 31.12.2022 RM9.7b RM5.7b RM2.75 RM3.0b Total Assets Shareholders’ Funds Net Assets per Share Total Debts (2021: RM9.2b) (2021: RM5.5b) (2021: RM2.65) (2021: RM2.8b) RM2.3b 4.3 years RM1.1b 0.160 Net Debts Average Debt Cash: RM713m & Net Gearing (2021: RM1.9b) Maturity Profil

  17. Slide 17: Improved Shareholders' Fund and Total Assets

    Improved Shareholders’ Fund and Total Assets Shareholders’ Fund and Total Assets (RM’million) • Total assets increased in FY22 mainly due to the expansion of Capital Financing portfolio from RM979.8m in FY21 to 9,680 RM1.4b in FY22. 9,216 8,645 • 94% of the Group’s assets mainly in the Property Segm

  18. Slide 18: Debt Maturity Profile (As at 31 December 2022)

    Debt Maturity Profile (As at 31 December 2022) 18

  19. Slide 19: Effective Cash Flow Management

    Effective Cash Flow Management FY22 movements: Generated/(Used in) • Net cash used in Operating Activities was mainly due to net FY22 FY21 increase in loan disbursement by capital financing of RM418m. RM’million • Net cash generated from Investing Activities was mainly derived from total RM136m divi

  20. Slide 20: Group Business Updates

    03 Group Business Updates Timurbay, Kuantan

  21. Slide 21: i. Capital Financing & Investment in RHB Bank

    i. Capital Financing & Investment in RHB Bank

  22. Slide 22: Financial Services Segment: Capital Financing

    Financial Services Segment: Capital Financing • Licensed moneylender governed under the Malaysia Moneylenders Act 1951 (Act 400) and Australia Credit License RM’mil RM 1,397 mil Loan Portfolio • Provision of short term corporate and 1,400 personal loan/bridging financing 23% • Financing for Initial

  23. Slide 23: Financial Services Segment: Capital Financing (Cont'd)

    Financial Services Segment: Capital Financing (Cont’d) Loan Portfolio Vs Collateral 4,211 3,409 3,173 3,067 2,744 1,397 980 777 823 566 3.9 times 3.2 times 4.8 times 4.1 times 3.0 times 2018 2019 2020 2021 2022 Loan Portfolio Collateral 23

  24. Slide 24: Financial Services Segment: Strategic Investment

    Financial Services Segment: Strategic Investment OSKH is the second-largest shareholder in RHB, holding 10.22% equity interest in RHB (FY21: 10.18%) RM ‘mil Dividend Income from RHB • OSKH’s equity stake in RHB is carried at value of approx. RM3.4 billion in FY2022, representing 35% of OSKH 180 170

  25. Slide 25: ii. Industries

    ii. Industries

  26. Slide 26: Industries Segment: Cables

    Industries Segment: Cables • Produces quality electrical and power cables since 1968 (low and medium voltage copper cables, aluminium fire resistance cables) • Factory located in Malacca • Solar photovoltaic panels on the rooftop of the factory that generates solar power capacity of: Phase 1: 569.80

  27. Slide 27: Industries Segment: IBS

    Industries Segment: IBS • Produces Industrialised Building Systems (IBS) wall panels since 1994 • Factories located in Taiping (Perak), Nilai (Negeri Sembilan) and Bandar Tenggara (Johor) • Export to Singapore • Accredited with MS ISO 9001:2008, ISO 14001-2004, UKAS Quality Management System and Sin

  28. Slide 28: iii. Hospitality

    iii. Hospitality

  29. Slide 29: Hospitality Segment

    Hospitality Segment Hotels 29

  30. Slide 30: Hospitality Segment: Hotels - As at 31 January 2023

    Hospitality Segment: Hotels - As at 31 January 2023 Hotels managed by Swiss-Garden Hotel Genting Swiss-Garden Bukit Bintang Swiss-Garden Beach Resort Kuantan Location : Genting Highlands, Pahang Location : Kuala Lumpur Location : Kuantan, Pahang Rooms : 561 Rooms : 325 Rooms : 304 30

  31. Slide 31: Hospitality Segment: Hotels (Cont'd)

    Hospitality Segment: Hotels (Cont’d) - As at 31 January 2023 Hotels managed by international brands Double Tree by Hilton Damai Laut Resort and Damai Laut Golf & Country Club Holiday Inn Express & Suites Location : Lumut, Perak Location : Johor Bahru, Johor Rooms : 294 (4 star) Award-winning 18 hole

  32. Slide 32: Hospitality Segment: Vacation Club

    Hospitality Segment: Vacation Club - As at 31 January 2023 • 6 products – 30 years and 15 years • Travel 365 - 2 years • 8,657 active members SGI Vacation Club at Damai Laut Holiday Resort, Perak • 3,200 hotels and resorts destination worldwide o Home-based destinations with 194 rooms inventories SG

  33. Slide 33: iv. Property Development & Property Investment

    iv. Property Development & Property Investment

  34. Slide 34: Property Development

    Property Development osk Revenue (RM‘million) 664 689 ee: OT MY Thttee PES A Sas LO “2 ie : 5 2020 2021 2022 7 PBT (RM‘million) 240 Uke 141 2020 2021 2022 34

  35. Slide 35: Sales, Unbilled Sales and Unsold GDV

    Sales, Unbilled Sales and Unsold GDV 1,800 1,600 1,596 1,542 1,400 497 628 1,200 1,099 1,104 RM’million 1,042 1,045 1,012 34 1,000 226 149 947 895 347 869 915 850 850 110 798 50 800 407 92 216 334 636 326 28 308 600 109 1,045 21 7 968 18 1,011 873 893 837 400 819 757 758 671 605 540 527 517 472 200

  36. Slide 36: Property Segment: On-going Projects

    Property Segment: On-going Projects - As at 31 January 2023 KEDAH PENANG Bandar Puteri Jaya, Rubica @Harbour Place, Sungai Petani (Township) Butterworth • Total land area: 2581 acres • GDV: RM!37 mil • GDV: RM2.2 bil • Progress: 13% • On-going GDV: RM559 mil • Take-up rate: 27% • Take-up rate: Avera

  37. Slide 37: On-Going Projects – Klang Valley: You City III, Cheras

    Property Segment: On-Going Projects – Klang Valley You City III, Cheras GDV: RM492 million Transit Oriented Development (TOD) Launched: June 2019 No. of units: 800 (Tower A + B) Average Selling Price: RM615k Take-up rate: 100% (Tower A + B) % of Completion: 87% As at 31 January 2023 37

  38. Slide 38: On-Going Projects – Klang Valley: MIRA @ Shorea Park

    Property Segment: On-Going Projects – Klang Valley (Cont’d) MIRA @ Shorea Park, Puchong GDV: RM366 mil Launched: Sep 2021 No. of units: 908 Average Selling Price: RM403k % of Completion: 43% Take-up rate: 98% As at 31 January 2023 38

  39. Slide 39: On-Going Projects – Klang Valley: ANYA @ Shorea Park

    Property Segment: On-Going Projects – Klang Valley (Cont’d) ANYA @ Shorea Park, Puchong GDV: RM393 mil Launched: Aug 2022 No. of units: 750 Average Selling Price: RM524k % of Completion: 7% Take-up rate: 14% As at 31 January 2023 39

  40. Slide 40: Ongoing Projects – Klang Valley: LEA by the Hills

    Property Segment: Ongoing Projects – Klang Valley (Cont’d) LEA by the Hills, Taman Melawati Type: Low Density Condo GDV: RM233 million Launched: Jul 2022 No. of units: 344 Average Selling Price: RM678k % of completion: 6% Take-up rate: 13% As at 31 January 2023 40

  41. Slide 41: Ongoing Projects – Penang: Rubica, Butterworth

    Property Segment: Ongoing Projects – Penang Rubica, Butterworth Type: Low Density Condo GDV: RM137 million Launched: Aug 2022 No. of units: 230 Average Selling Price: RM595k % of completion: 13% Take-up rate: 27% As at 31 January 2023 41

  42. Slide 42: Township Development – Negeri Sembilan

    Property Segment: Township Development – Negeri Sembilan On-going Projects 42

  43. Slide 43: Township Development – Negeri Sembilan (Cont'd)

    Property Segment: Township Development – Negeri Sembilan (Cont’d) - As at 31 January 2023 3B Type: Double-Storey Terrace GDV: RM146 million Launched: Jan 2020 No. of units: 318 Average Selling Price: ≈ RM458k % of completion: 100% 3C Take-up rate: 100% Type: Single-Storey Terrace GDV: RM88 million N

  44. Slide 44: Township Development – Negeri Sembilan (Cont'd)

    Property Segment: Township Development – Negeri Sembilan (Cont’d) - As at 31 January 2023 3D 8A,B1,B2 8C,8D Type: Double-Storey Terrace Type: Single & Double-Storey Semi-D Type: Double-Storey Terrace GDV: RM104 million GDV: RM215 million GDV: RM152 million (8C) , RM168 mil (8D) Launched: Dec 2020 La

  45. Slide 45: Township Development – Sg Petani, Kedah

    Property Segment: Township Development – Sg Petani, Kedah On-going Projects No. of units Total Completed & On-Going Launched Handed Over 10,848 9,664 1,184 45

  46. Slide 46: Township Development – Sg Petani, Kedah (Cont'd)

    Property Segment: Township Development – Sg Petani, Kedah (Cont’d) - As at 31 January 2023 Single & Double-Storey Single-Storey Terrace Single-Storey Terrace Double-Storey Terrace Semi-D GDV: RM168 million GDV: RM146 million GDV: RM51 million (z1), GDV: RM112 million Launched: Jun 2019 Launched: Jul

  47. Slide 47: Township Development – Sg Petani, Kedah (Cont'd)

    Property Segment: Township Development – Sg Petani, Kedah (Cont’d) - As at 31 January 2023 Single-Storey Terrace Single-Storey Bungalow Single-Storey Semi-D & Double-Storey Semi-D & Single-Storey Bungalow Double-Storey Bungalow GDV: RM36 million GDV: RM42 million (z1), RM56 million (z2) GDV: RM56 mi

  48. Slide 48: Projects Handed over in 2022

    Property Segment: Projects Handed over in 2022 48

  49. Slide 49: Projects Handed over in 2022 – Sg Petani, Kedah

    Property Segment: Projects Handed over in 2022 – Sg Petani, Kedah Recently Completed Projects Westfield (Total 323 units) Northfield (Total 474 units)  Zone 1 – 3: 13 units  7 unit of Single Storey Bungalow  Zone 1: 162 units  6 units of Double Storey Bungalow  162 units of Single Storey Terrac

  50. Slide 50: Projects Handed over in 2022 – Negeri Sembilan

    Property Segment: Projects Handed over in 2022 – Negeri Sembilan Recently Completed Projects IRINGAN BAYU  Phase 3C Single Storey Terrace Homes (Desira) IRINGAN BAYU  QLASSIC Score 78% IRINGAN BAYU  Phase 3B Double Storey  VP on 31 May 2022  Phase 3D Double Storey Terrace Homes (Mekary) Terrace

  51. Slide 51: Landbank (Malaysia & Australia)

    Property Segment: Landbank (Malaysia & Australia) – As at 31 January 2023 Landbank 2,003 acres Est GDV RM 16.3 billion New Land Acquisitions in 2022 Kuantan, RM0.3 bil, 2% Iringan Bayu, Seremban Amanjaya, Sg Petani GDV (RM’bil)  39.2 acres  50.8 acres Penang,  Freehold  Freehold RM1.0 bil 6%  E

  52. Slide 52: Pipeline Launches in 2023/2024 – Estimated Total GDV of RM1.3b

    Property Segment: Pipeline Launches in 2023/2024 – Estimated Total GDV of RM1.3b RM’mil • Mori Park 405.6 Klang Valley • Shorea Park in Puchong - Anya Tower B 196.6 • Nuria in Melawati 63.0 Butterworth • Pangsapuri Suria 24.8 • Iringan Bayu in Negeri Sembilan 17.0 Seremban • PH1A 241.0 • Parcel B PH

  53. Slide 53: On-going Project in Australia

    Property Segment: On-going Project in Australia - As at 31 January 2023 JV Partner : 49% equity interest Location : Southbank, Melbourne Mix : Residential Apartments, Retail Mall, Office Tower and Hotel Land area : 5 acres (FH) GDV : AUD2.8 bil (all phases) Completed : Phase 1 in January 2021 No. of

  54. Slide 54: Queens Bridge Place, Melbourne – Recently Acquired

    Property Segment : Queens Bridge Place, Melbourne – Recently Acquired The acquisition of Queensbridge Street (QBP1) and 190 City Rd (QBP2) was JV Partner : 49% equity interest completed on 15 July 2022 and 30 Nov 2022 respectively. Queensbridge Street and City Road CROWN Globe View CASINO PRIMA Deve

  55. Slide 55: Queens Bridge Place, Melbourne – Street Views

    Property Segment : Queens Bridge Place, Melbourne – Recently Acquired (Cont’d) Street Views Queensbridge Street City Road 55

  56. Slide 56: Property Investment

    OSK Property Investment Revenue ({RM‘million) 34 l | L 2020 2021 2022 Core PBT/(LBT) (3) 2020 2021 2022 56

  57. Slide 57: Property Investment (Offices)

    Property Segment: Property Investment (Offices) – As at 31 January 2023 Plaza OSK Faber Towers Jalan Ampang, Kuala Lumpur Taman Desa, Kuala Lumpur Land area 1.32 acres (FH) Land area 2.63 acres (FH) NLA 236,325 sqft NLA 478,457 sqft Occupancy rate 97% Occupancy rate 80% (retail and office blocks) 57

  58. Slide 58: Property Investment (Retail)

    Property Segment: Property Investment (Retail) - As at 31 January 2023 Atria Shopping Gallery, Petaling Jaya NLA 446,547 sqft Occupancy rate 84% 58

  59. Slide 59: v. Construction

    v. Construction Ryan & Miho, Sec 13, PJ

  60. Slide 60: Construction Segment

    Construction Segment • Established contractor since 1979 • Optimise construction cost through early involvement in design and planning of the development projects • Design and construction service provider in residential and commercial projects • Close supervision during construction to ensure quali

  61. Slide 61: Construction Segment (Cont'd)

    Construction Segment (Cont’d) Outstanding order book of RM460 million as at 31 December 2022 Project QLASSIC Score Completion Time On-going Projects RM’million Iringan Bayu Show Village 82% 1 month ahead Mira & Anya, Shorea Park 228 Windmill Upon Hills 80% 3.5 months ahead Lea By The Hill, Melawati

  62. Slide 62: ESG Updates

    ESG Updates MOVING FORWARD, PROGRESSING TOGETHER.

  63. Slide 63: Creating Value for Our Stakeholders

    Creating Value for Our Stakeholders OSK’s value creation model is anchored on our belief that “What helps us do well, also helps us do good”. Environmental Social Governance • Accelerating adoption of renewable • Contributing towards the betterment of the • Full anti-bribery and anti-corruption ener

  64. Slide 64: Creating Value for Our Stakeholders

    Creating Value for Our Stakeholders Economic Value Generated and Distributed in FY2022 100% As a responsible RM 704 employer, developer, a million builder, a financier, an asset owner, a manufacturer, a hotelier, Total Value Added and a corporate citizen, 18.8% 8.2% 24.4% 48.6% OSK Group is committe

  65. Slide 65: Awards & Recognitions

    Awards & Recognitions The year 2022 was a rewarding year for the Group as we continued to garner industry recognitions for the work that we do and for the value that we create for our stakeholders. OSK Group OSK Property National Annual Corporate Report FIABCI World Prix Awards 2022 (“NACRA”) D’Exce

  66. Slide 66: Thank You

    OSK Holdings Berhad Level 21, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur, Malaysia. (603) 2177 1999 (603) 2026 6331 info@oskgroup.com www.oskgroup.com Disclaimer: This material is proprietary and is prepared specifically for the recipient’s Thank You reference. The information contained herein is n

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