Slide 1: Powered by Twin Engines: 1H24 Corporate Update & Financial Results
(Company No.: 7867-P) Powered by Twin Engines Corporate Presentation 1H24 Corporate Update & Financial Results 26 March 2024 IR Adviser
Slide 2: Financial Performance
Powered by Twin Engines FINANCIAL PERFORMANCE
Slide 3: Revenue Performance
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix 1H24 revenue improved on higher property development contribution… offsetting softer consumer packaging export demand ❖ 1H24 packaging revenue decreased 6.2% yoy on lower sales due to Revenue by segment softening of
Slide 4: Profit Performance
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Property development leading 1H24 operating profit growth… packaging contribution largely sustained Operating profit by segment ❖ 1H24 operating profit increased 30.6% yoy on higher property 1H23 1H24 development con
Slide 5: Cash Flow
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Strong operating cashflow from twin-core businesses of packaging and property development… 180 Net cash from operations Net cash 161 used in investing activities 1H23 1H24 RM’m 805 715 700 738 557 392 407 278 FY18 FY
Slide 6: Income Statement Summary
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix 1H24 performance reflecting higher contribution from property development’s smooth project progress… 2Q24 2Q23 Change RM'mil 1H24 1H23 Change Remarks 1,092.7 978.4 11.7% Revenue 2,199.2 2,008.3 9.5% 191.3 147.5 29.7%
Slide 7: Balance Sheet (Highlights)
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Robust balance sheet with healthy net gearing of 0.15x… As at As at Balance Sheet (RM ‘000) Remarks 31.01.2024 31.07.2023 Property, Plant & Equipment 1,526,602 1,558,202 Other Investments 25,549 23,476 Right-of-use A
Slide 8: Packaging Review
Powered by Twin Engines PACKAGING REVIEW
Slide 9: Segment Performance: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Packaging revenue moderated in 1H24 due to softer export demand for consumer packaging… operating profit largely sustained Operating Operating Profit Revenue Profit Operating Profit Margin Revenue Overseas RM’m (by g
Slide 10: Operations Review: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Packaging operating profit improving QoQ… Revenue Operating Profit (Quarterly) (Quarterly) 583.8 618.8 671.5 617.4 678.1 692.8 749.7 740.8 716.0 655.1 635.4 619.7 650.4 635.8 68.6 63.0 64.5 57.4 64.7 53.7 57.0 62.6 5
Slide 11: Operations Review: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Implementing advanced packaging technologies and automation for enhanced competitiveness… • New automated bag making line commenced operations in Q1 CY2024, enhancing our capacity and capabilities for pet food packag
Slide 12: Operations Review: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Completed second solar PV project in 4Q CY2023…ongoing group-wide solar energy investments to mitigate high energy cost and reduce carbon footprint • Completed installation of second rooftop solar photovoltaic (PV) p
Slide 13: Growth Strategies: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Scientex a leader in innovative packaging solutions… supporting customers’ sustainability goals • Leader in innovation and development of flexible plastic packaging (FPP) solutions; providing value-added products cus
Slide 14: Growth Strategies: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Scientex providing solutions for enhanced packaging sustainability… supporting brands owners’ adoption of packaging with recycled contents Packaging with PIR content Packaging with PCR content • Coated PP strapping b
Slide 15: Property Development Review
Powered by Twin Engines PROPERTY DEVELOPMENT REVIEW
Slide 16: Segment Performance: Property Development
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Property division growing significantly on steady construction progress for all developments… strong demand for new affordable home launches Revenue Operating Profit Operating Profit (Annual) (Annual) Operating Margi
Slide 17: Operations Review: New Property Launches
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Recording strong reception for maiden project launch in Ipoh… Scientex Ipoh (219-acre) • Maiden Launch: January 2024 • Units/Type: 238 units double- storey terrace house • GDV: RM62.9 million Operations Review: New P
Slide 18: Growth Strategies: Property Development
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix Continuing to expand landbank via cross-border growth strategy... Completed in FY2023 (219 acres) 1 Klebang, Ipoh: 219 acres, RM66.9 mil Peninsular Malaysia As at Current FY23 Completed in 1H2024 (8
Slide 19: Growth Strategies: Property Development
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix Aiming to provide high-quality, reasonably priced homes to meet Malaysia’s growing need for affordable housing… Vision 2028 Growth Strategies ❖ To deliver 50,000 affordable ❖ Implementing cost optim
Slide 20: Investment Merits
Powered by Twin Engines INVESTMENT MERITS
Slide 21: Investment Merits
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Twin growth engines with further potential to expand... attractive proxy to the burgeoning packaging sector and Malaysia’s affordable property market Regional leader in total solutions for packaging •Among top produc
Slide 22: Dividend History
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Kept dividend policies even in high-growth model… total dividends of 10 sen in respect of FY2023 RM’m Dividend History 74.0% 49.2%48.0% 49.8% 52.1% 36.6% 36.1% 35.9% 31.4% 35.4% 28.7% 28.8% 32.1%33.4% 31.7% 30.7%30.2
Slide 23: Thank You
Powered by Twin Engines Thank You Contacts: • Ms. Choo Pooi Luen plchoo@scientex.com.my T: 03-5524 8888/03-5519 1325 • Mr. Tay Tze Yi tayty@aquilas.com.my T: 03-2711 1391