Mah Sing Group Bhd. · MYX:MAHSING
Mah Sing Group Bhd — Q3 2024 Earnings Presentation
19 slides from Mah Sing Group Bhd's earnings presentation, November 2024
Slide 1: 3Q 2024 Investor Presentation
3Q 2024 Investor Presentation November 2024 Reinvent Spaces. Enhance Life.
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements that involve risks and uncertainties. These statements are based on current expectations, estimates, forecasts, and projections about the industry, markets, and the company itself. Actual results may differ materially from those expres
Slide 3: 3Q FY2024 Highlights
| 1 3@ FY2024 Highlights
Slide 4: Consistent Sales Success
Consistent Sales Success: Reaching New Heights, Enroute to Peak Property Cycle Performance 2024 Sales Target 34bn 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 «©2021 «92022 ©2023 9M 2024 2.3bn 2.3bn RM2.5bn 7 | 1.5bn 9M 2024 Sales Achieved RM1.85bn 2.1bn 1.8bn 1.8bn 1.5bn 1.5bn 1.6bn ; i;
Slide 5: Strategic Alignment and Market Success: M-Series
Strategic Alignment and Market Success: M-Series An Unbeatable Combination of Affordability + Quality + Lifestyle In-Demand Entry-Level Value Homes M Minori, JB Meridin East, JB MTiara, JB M Nova, Kepong M Senyum, Salak Tinggi M Panora, Rawang M Zenya, Kepong “Average for nti Lots “For Tower A Take-
Slide 6: Resilient Financial Performance
Resilient Financial Performance Driven by Effective Market Positioning & Disciplined Execution RM249m 410% 9M PBT RM180m 420% 9M PAT RM2.77bn Unbilled Sales 639 QI G2 G3 G4 GI G2 G3 G4 GI G2 G3 G4 GI G2 G3 a4 a G2 a3 2020 2021 2022 2023 2024 PBT (rvm 4+12% yoy 85 | ao---7 pw TOEUUUIIL ll .. @1 G2 G3
Slide 7: Healthy Credit Profile
vs PPP rrr RCO Rao Healthy Credit Profile: Access to Capital with Industry Low Bank Funding Rates TTT eC <form: is Healthy Balance Sheet Strong Liquidity Low Borrowing Costs LowLeverage 2 57% fixed rate debt, 43% floating rate debt RM747m >RM500m Cash & bank balances Free cash flow expected as at 30
Slide 8: Active Landbanking for Growth
|| A Active Landbanking for Growth 9 New Land Acquisitions Since 2023; +RM10.6bn Potential GDV 2024 2023 2022 2021 2019 +RM5.1bn GDV +RM5.5bn GDV +RMO.5bn GDV +RM2.1bn GDV +RM1.6bn GDV 7% - 17% land cost/(GDV 11% - 17% land cosvGDV 8% land cost/GDV 12% - 15% land cost/GDV 13% - 16% land cost/GDV M A
Slide 9: Consistent Record of Shareholders' Returns
a neal sl i Consistent Record of Shareholders’ Returns Reflecting Solid Execution and Disciplined Management oo . 18 Years of Uninterrupted Record of Minimum 40% Dividend Payout | Top 20 Stocks By Returns | 4 48% in the Last 26 Years 46% 43% 45% 44% 43% 43% 43% The Edge Malaysia, 42% 42% arena 41% 4
Slide 10: Accelerating Sales Momentum
Accelerating Sales Momentum Supported by Successful Past Launches & Strong Project Pipeline Residensi Suria Madani Le MTiara ‘aman Desa Existing Projects (New Phase Launches) Affordable Price Points Strategic Location Spread MMinori JB i MPanora, Rawang Price Points <S5O0K 500K-700K 700K-1M > 1M Kla
Slide 11: Driving Growth: Strategic Evolution
Driving Growth: Strategic Evolution Unlocking Potential, Capturing Opportunities | at i ul ee Immediate to Mid-Term Be ae Affordabl rect © 8 8 @ Mid-High ara . . 4, Residential e e e@ e e King of Urban Residential Projects High-End e@ e@ Strengthen market share with Residential enhanced affordable M
Slide 12: Mah Sing DC Hub @ Southville City
| 2 Mah Sing DC Hub @ Southville City
Slide 13: Mah Sing DC Hub @ Southville City
eo MahsSing Mahsing 1 5 O SOUTHVILLE CITY acres Mah Sing DC Hub @ Southville City With Planned Power Capacity of 5010OMW
Slide 14: Location Advantage of Southville
MahsSing Frnt Spon nan Location Advantage of Southville A pig Strategic triangle with <50km from TM’s Morib BukitJalil & Cyberjaya landing station enabling (within 20km proximity) dark fiber connection A oe nian Direct access to the Proximity to KL & mature Steady supply North-South Expressway neigh
Slide 15: Bridge Data Centres As First Partner
Bridge Data Centres As First Partner Collaboration Agreements 30 May & 28 Oct 2024 MahsSing on Total 17.55 + 35.68 acres With Power Capacity of 300MW Targets to commence operations in 2026 __ Signing Ceremony [Meaningful Stake for aii Accounting] [Controlling Stake] s BRIDGE DATA CENTRES Bridge Data
Slide 16: Leveraging Strategic Landbanks for Data Centre Partnerships
MahsSing Frnt Spon nan Leveraging Strategic Landbanks for Data Centre Partnerships and Opportunities Mah Sing DC Hub @ Southville City Meridin East, Johor Bahru Remaining Parcels With Potential Power Capacity of 20OMW 42 Acres With Potential Power Capacity of 300MW Initial collaboration with Bridge
Slide 17: Why Partner with Mah Sing?
Why Partner with Mah Sing? SPEED TO MARKET Fast turnaround development track record. Familiarity with authorities’ approvals, — utilities connections, and shorter development/construction periods. SCALABILITY . Availability of suitable landbank and future landbanking opportunities * Southville City
Slide 18: Key Takeaways
Key Takeaways Strategic Market Positioning + M-Series affordable residential homes targeting First-Home Buyers + Flexibility in mid-high / high- end markets when time is right Driving Sustainable Growth Through Strategic Execution and Resilience Resilient Growth Strategies Leveraging landbank to est
Slide 19: Reinvent Spaces. Enhance Life.
Reinvent Spaces. Enhance Life. ir@mahsing.com.my