Wct Holdings Bhd. · MYX:WCT
Wct Holdings Bhd — Q2 2022 Earnings Presentation
49 slides from Wct Holdings Bhd's earnings presentation, August 2022
Slide 1: WCT Holdings Berhad Investor Briefing – 2nd Quarter 2022
WCT Holdings Berhad INVESTOR BRIEFING – 2nd Quarter 2022 Strictly Private & Confidential
Slide 2: Key Shareholding as at 15 August 2022
Key Shareholding as at 15 August 2022 25.6% 11.1% 6.9% 56.4% Tan Sri Lim Amanah Foreign Others Siew Choon Saham Shareholders Strictly Private & Confidential Page 1
Slide 3: Financial Highlights
Financial Highlights Strictly Private & Confidential
Slide 4: Segmental Results Q2 2022 (3 months)
Segmental Results Q2 2022 (3 months) E&C PD PI&M Consolidated RM’mil RM’mil RM’mil RM’mil Revenue 457.3 55.3 48.6 561.2 Profit/(Loss) from operations 15.1 (11.8) 26.7 30.0 Share of results of associates 1.7 Share of results of joint ventures 1.3 (1.6) (1.5) (1.8) Finance costs (26.8) Taxation 54.7 P
Slide 5: Segmental Results YTD 2Q 2022 (6 months)
Segmental Results YTD 2Q 2022 (6 months) E&C PD PI&M Consolidated RM’mil RM’mil RM’mil RM’mil Revenue 749.5 324.0 92.4 1,165.9 Profit from operations 29.7 44.4 49.2 123.3 Share of results of associates 4.5 Share of results of joint ventures 1.7 (4.4) (6.8) (9.5) Finance costs (54.1) Taxation 46.9 Pr
Slide 6: Debt to Equity (DE) Ratio
Debt to Equity (DE) Ratio As at As at 30 Jun 2022 31 Dec 2021 RM’mil RM’mil Total bank borrowings 2,747 2,838 Cash & bank balances & fixed deposits (243) (284) Net borrowings 2,504 2,554 Shareholders equity (including Perpetual 3,870 3,761 Sukuk & non-controlling interest) Gross DE ratio 0.71 0.75 N
Slide 7: Engineering & Construction
Engineering & Construction Strictly Private & Confidential
Slide 8: Ongoing Projects / Outstanding Order Book as at 30 June 2022
Ongoing Projects/ Outstanding Order Book as at 30 June 2022 Expected Outstanding Completion RM’mil TRX, Kuala Lumpur (infra & roadway works) 2022 61 Pan Borneo Highway (66km highway from Sungai Arip Bridge to Bintulu Airport Junction) 2023 379 West Coast Expressway (Shah Alam Expressway Interchange
Slide 9: List of Tenders Submitted/Pending Submission
List of Tenders Submitted/Pending Submission (12 Aug 2022) RM’ mil Local - Civil & Infrastructure > 5,000 Local – Building Works > 4,000 Total > 9,000 Strictly Private & Confidential Page 8
Slide 10: Property Development
Property Development Strictly Private & Confidential
Slide 11: Property Development - Snapshot
Property Development - Snapshot Q1 : RM269 mil * 2022 Revenue Q2 : RM 55 mil YTD : RM324 mil Q1 : RM45 mil * 2022 Profit Before Tax Q2 : (RM19 mil) YTD : RM26 mil Q1 : RM 94 mil 2022 Property Sales Q2 : RM172 mil YTD : RM266 mil Pending SPA : RM 59 mil Total Unbilled Sales RM335 mil Unsold Completed
Slide 12: Property Development – 2022 Cumulative Sales & Take-up Performance
Property Development – 2022 Cumulative Sales & Take-up Performance RM700 mil TARGET SALES TAKE-UP (SPA Signed) (SPA Signed + Bookings) 600 mil RM600 mil RM500 mil 454 mil RM400 mil 325 mil RM300 mil 266 mil 254 mil RM200 mil 151 mil Cumulative Target Cumulative Target Cumulative Target 91 mil 94 mil
Slide 13: Property Development – Q-O-Q Cumulative Sales Performance
Property Development – Q-O-Q Cumulative Sales Performance RM600 mil 2021 2022 (based on SPA Signed) 525 mil RM500 mil + 50% RM400 mil 386 mil 362 mil RM300 mil 266 mil RM200 mil - 26% 100 mil 94 mil RM100 mil - 6% RM0 mil 1Q22 2Q22 3Q22 4Q22 Strictly Private & Confidential Page 12
Slide 14: Property Development – Clearing of Inventories
Property Development – Clearing of Inventories RM600 mil -59mil RM500 mil -12% 492 mil RM400 mil 433 mil RM300 mil RM200 mil RM100 mil RM0 mil 1Q22 2Q22 3Q22 4Q22 Strictly Private & Confidential Page 13
Slide 15: Completed Inventories (as at 30 Jun 2022)
Completed Inventories (as at 30 Jun 2022) TYPE LOCATION BAL UNIT(S) BAL NDV (RM’ mil) 1 Offices Klang 19 52 2 Affordable Apartments (RSKu) Klang 147 36 3 Service Apartments Shah Alam 50 28 4 Service Apartments Kelana Jaya 64 64 5 Condominiums OUG 31 36 6 Service Apartments Medini 190 217 TOTAL = 501
Slide 16: Sales & Marketing Strategies
Sales & Marketing Strategies Strategies 1. Continuous opening and expansion of new sales channels (local & overseas). 2. Continuous exposure on Digital Platforms/Social Media for brand presence/awareness and leads generation. 3. Promote Buyer-Get-Buyer and Buyer-Repeat-Purchase programs to encourage
Slide 17: On-going Property Projects
On-going Property Projects Paradigm Residence, Johor Bahru Description 263 units of Service Apartment Estimated GDV RM184 million Launch Date September 2019 Sales Take-up 100% Exp. Completion Q3 2022 TC Maple Residences, W City OUG @ KL TB Description 940 units of Condominium TA Estimated GDV RM940
Slide 18: Future Property Projects
Future Property Projects FUTURE LAUNCHES Pavilion Adenia W City OUG W City JGCC W City JGCC PROJECT TOTAL Mont Kiara (Condo) (Affordable) (K1-6 - Resi) (Plot 1 - Resi) (Plot 1 - Comm) UNITS 341 181 1,060 2,048 68 3,698 ESTIMATED RM798 mil RM68 mil RM927 mil RM899 mil RM119 mil RM2.81bil GDV Strictly
Slide 19: Land Bank (future development and for sale as at 30 Jun 2022)
Land Bank (future development and for sale as at 30 Jun 2022) LOCATION DEVELOPMENT TYPE LAND AREA (ac.) 1 W City OUG @ KL Mixed 61 2 W City JGCC @ JB Mixed 10 3 Mont Kiara, KL Residential 3 4 Bukit Tinggi 1,2 & 3, Klang Mixed 79 5 Medini Iskandar, Johor Mixed 39 6 Inanam, Kota Kinabalu Residential 2
Slide 20: Property Investment & Management
Property Investment & Management Strictly Private & Confidential
Slide 21: Retail Malls
Retail Malls Bandar Bukit Tinggi, Paradigm Mall, Petaling Jaya gateway@klia2, Sepang Paradigm Mall, Johor Bahru Subang SkyPark Klang Occupancy rate 100% 97% 82% 88% 79% Opening Year 2007 2012 2014 2017 Acquired Apr18 WCT Ownership 100.0% 70.0% 70.0% 100.0% 60.0% Retail Lettable 1,000,950 sq ft 672,0
Slide 22: Retail Malls – 2nd Quarter Outlook PM PJ
Retail Malls – 2nd Quarter Outlook PM PJ 1. A&P Events and Campaign such as GoGo Bazaar, Hari Raya Campaign 2022 – Nostalgic Raya with Chupa Chups, Eraman Clearance Sale, Rabbit & Cavy Breeders Competition, Asia Arm Wrestling Championship 2022 and WSSA Sport Stacking Championship 2022 2. Upcoming ev
Slide 23: Retail Malls – PM PJ New Tenants
Retail Malls – PM PJ New Tenants: A&W WOOD & GRILL EMART 24 HABIBI KUNAFA Strictly Private & Confidential Page 22
Slide 24: Retail Malls – PM PJ New Tenants
Retail Malls – PM PJ New Tenants: KIN NIKU BUNGKUS KAW KAW DR CARDIN YEW YEW GOOD TIMES DIY TUFTING Strictly Private & Confidential Page 23
Slide 25: Retail Malls – 2nd Quarter Outlook PM JB
Retail Malls – 2nd Quarter Outlook PM JB With the opening of borders and easy travel between Johor Bahru and Singapore, 1. Traffic is almost pre-Covid levels 2. Sales for April and May were comparable to pre-Covid 3. Average shoppers’ basket sizes exceeded pre-Covid levels 4. More retailers have com
Slide 26: PM JB – New Tenants
PM JB – New Tenants Strictly Private & Confidential Page 25
Slide 27: PM JB – New Tenants
PM JB – New Tenants Strictly Private & Confidential Page 26
Slide 28: Retail Malls – 2nd Quarter Outlook gateway@klia2
Retail Malls – 2nd Quarter Outlook gateway@klia2 1. Flights have almost doubled compared to 1st Quarter 2. Traffic have also nearly doubled 3. Car Park collection have also been on uptrend 4. Sales for tenants have increased more than 2 times 5. Food Court collection have more than doubled 6.Transpo
Slide 29: gateway@klia2 - New Tenants – Level 2
gateway@klia2 - New Tenants – LEVEL 2 SHAWARMA & TEA BREAK EMART24 Strictly Private & Confidential
Slide 30: gateway@klia2 - New Tenants – Level 2
gateway@klia2 - New Tenants – LEVEL 2 HOME WORLD JUICY Strictly Private & Confidential
Slide 31: gateway@klia2 - New Tenants – Level 2
gateway@klia2 - New Tenants – LEVEL 2 SWAN GARDEN TEA HOUSE NANYANG CAFE BUNGKUS KAW KAW Strictly Private & Confidential
Slide 32: gateway@klia2 - New Tenant – Level 2
gateway@klia2 - New Tenant – LEVEL 2 FLIGHT CLUB GRAB & GO POP MEALS MUARI MUARI Strictly Private & Confidential
Slide 33: gateway@klia2 - New Tenants – Level 2
gateway@klia2 - New Tenants – LEVEL 2 DAY ONE DAY ONE NOODLES ONE PIECE ONIGIRAZU OH APONG Strictly Private & Confidential
Slide 34: gateway@klia2 - New Tenants – Level 2M
gateway@klia2 - New Tenants – LEVEL 2M MOLLY FANTASY Strictly Private & Confidential
Slide 35: gateway@klia2 - New Tenants – Level 3
gateway@klia2 - New Tenants – LEVEL 3 Strictly Private & Confidential
Slide 36: gateway@klia2 - New Tenants – Level 3
gateway@klia2 - New Tenants – LEVEL 3 LUCK BROS POP MEALS Strictly Private & Confidential
Slide 37: gateway@klia2 - New Tenants – Level 3
gateway@klia2 - New Tenants – LEVEL 3 TOAST BOX UNCLE LIM’S Strictly Private & Confidential
Slide 38: New Tenants - Travellator & Escalator Area
New Tenants - TRAVELLATOR & ESCALATOR AREA Strictly Private & Confidential
Slide 39: New Tenants - Departure & Arrival
New Tenants - DEPARTURE & ARRIVAL Strictly Private & Confidential
Slide 40: Retail Malls - Business and Marketing strategies
Retail Malls - Business and Marketing strategies 1. Continue to curate and collaborate with 3rd party agencies to produce iconic campaigns and events that attracts footfall in malls Example Past: • Anime Fest @ PMPJ (12 – 16 May) • International Cat Show & Pet Educational Day @ PMJB (23-24 July) • P
Slide 41: Retail Malls - Business and Marketing strategies
Retail Malls - Business and Marketing strategies 2. To produce more family-themed campaigns and activities in Gateway@KLIA2 to bring in footfall during the weekends Example Past: • Jom Kartun Together-gether (1-31 July) • Merdeka Mega Teh Tarik "Largest Honda Accord Gathering" (6 August) • Merdeka U
Slide 42: Retail Malls - Business and Marketing strategies
Retail Malls - Business and Marketing strategies 3. Continue to collaborate with Tourism Malaysia, Tourism Selangor, Tourism Johor and other industry players to foster better relationships that would benefit both parties. Example: Past: • Jelajah Pusing Selangor Dulu (13 & 14 August) • Jelajah Suria
Slide 43: Retail Malls - Business and Marketing strategies
Retail Malls - Business and Marketing strategies 4. To seek strategic partnerships with other industry players that would benefit both parties. Example: Collaborating VISA & Tourism Malaysia on ongoing tripartite partnership for Shopping Extravaganza campaign (15 July – 15 September) Strictly Privat
Slide 44: Retail Malls - Business and Marketing strategies
Retail Malls - Business and Marketing strategies 5. Continuous effort to create tourist 6. Partnering with credit cards and banks to driven programs introduce special discounts for card members and - Tourist privilege discounts to increase shopper’s spending in malls. - More WCT Buddy rewards for to
Slide 45: Retail Malls - Business and Marketing strategies
Retail Malls- Business and Marketing strategies 7. Rewarding loyal shoppers with online sales of vouchers via WCT Buddy. Continue to engage new partners such as banks, credit cards, shopping apps and e-wallets to drive membership and create brand loyalty. Strictly Private & Confidential Page 44
Slide 46: Retail Malls - Business and Marketing strategies
Retail Malls- Business and Marketing strategies 8.Value added service to tenants by offering 9. To maintain strong landlord & tenant marketing insights, fit-out design guidance & relationship. merchandise mix. Strictly Private & Confidential Page 45
Slide 47: Thank You
Thank You Strictly Private & Confidential
Slide 48: Q&A
Q&A Strictly Private & Confidential
Slide 49: Thank You
Thank You Strictly Private & Confidential