Malaysian Resources Corp. Bhd. · MYX:MRCB
Malaysian Resources Corp. Bhd — Q3 2024 Earnings Presentation
17 slides from Malaysian Resources Corp. Bhd's earnings presentation, November 2024
Slide 1: Analyst Briefing – Third Quarter Ended 30 September 2024
ANALYST BRIEFING Third Quarter Ended 30 September 2024 www.mrcb.com Disclaimer This presentation may contain forward-looking statements, including estimates, assumptions, forecasts, or projections made by MRCB’s management after due inquiry. These are subject to various known & unknown risks & uncer
Slide 2: MRCB 3Q 2024 Overview
MRCB 3Q 2024 OVERVIEW YoY Financial Highlights MRCB Segment Overview Revenue Profit Before Tax Property Engineering & Others Development Construction RM 1,275 mil. RM 70 mil. (31)% y-o-y 28% y-o-y Revenue RM mil. 234 985 56 Profit After Tax Net Gearing RM 63 mil. 199% y-o-y 0.27x Revenue Contributio
Slide 3: Financial Highlights – 9M 2024 vs 9M 2023
Financial Highlights – 9M 2024 vs 9M 2023 Financial Performance Highlights • Revenue down 31% in 9M 2024 vs 9M 2023: Revenue (31)% YoY Operating Profit 8% YoY Lower contributions from PDI - major projects RM1,275 mil. RM144 mil. completed in 2023 and new projects in early phases, and lower LRT3 reco
Slide 4: Segmental Reporting: Property Development & Investment
Segmental Reporting: Property Development & Investment 9M 2024 Key Highlights Performance Discussion Contributed 18% of Group revenue. RM637.3 mil. RM630.5 mil. Property Sales Property Unbilled Sales Revenue came from sales of completed unsold units in Sentral Suites, VIVO 9 Seputeh, TRIA 9 Seputeh
Slide 5: Property Development & Investment: Sales by Project
Segmental Reporting: Property Development & Investment Sales Achieved Total GDV % Sales GDV Breakdown of Units Sold as % Units Available YTD 2024 Project (RM’mil) Achieved to date* Sales YTD** (RM’mil) For Sale: RM637.3 mil. Completed Projects Sentral Suites – Residential 1,535 98% 96.8 VISTA Sentra
Slide 6: Property Development & Investment: What We Have To Sell
Segmental Reporting: Property Development & Investment What We Have To Sell: RM1.7 bil. Unbilled Sales Construction Revenue Unbilled 1 Completed Unsold Units in Malaysia RM352.8 mil. From Ongoing Project Progress Recognised* Sales (RM’mil) (RM’mil) Breakdown by GDV (RM’ million) Projects 136.1 Alsto
Slide 7: Property Projects in the Pipeline
Segmental Reporting: Property Development & Investment Property Projects in the Pipeline: RM 7.7 bil. GDV 2024 & 2025 Launches : RM5.8 bil. GDV 2023 Launches Target Launch GDV Units VISTA, Surfer’s Paradise, Gold Coast April 2023 ~RM1,511 mil (AUD504 mil) 280 Kwasa Sentral Plot F (Residensi Tujuh) S
Slide 8: Segmental Reporting: Engineering, Construction & Environment
Segmental Reporting: Engineering, Construction & Environment 9M 2024 Key Highlights Performance Discussion RM25.8 RM26.1 bil. RM15.0 bil. Contributed 77% of Group Revenue. External External Construction Construction Construction Unbilled Order Book11 Order Order Book2 Lower revenue and higher profit
Slide 9: Projects Awarded, Under Negotiation and Tender Book
Segmental Reporting: Engineering, Construction & Environment Projects Awarded YTD 2024 | RM250 million Project Name Contract Value Project Timeline • Sungai Langat, Phase 2 – Flood mitigation project RM250 mil. Start : Jan 2024 Target completion: 6 years Projects Under Negotiation | RM4 to 5 billion
Slide 10: Construction Order Book as at 30 September 2024
Segmental Reporting: Engineering, Construction & Environment Construction Order Book as at 30 September 2024 RM26.1 bil.1 Fee-based 5% Unbilled Order Book as at 30 September 2024 Buildings Buildings Infra RM15.0 bil.1 TOD 44% 1% External Contracts (RM Million) Contract Value Progress 2 Environment B
Slide 11: MRCB Key ESG Updates
MRCB Key ESG Updates Climate Change & the Environment Good Corporate Governance Target: Net Zero Carbon (Scope 1, 2 and 3) by 2050 Target: Best-In-Class Practices & Disclosures MRCB’s Anti-Bribery Management System, 43% reduction in Scope 1 and Scope 2 carbon Commitment to ISO 37001:2016 certificati
Slide 12: Thank You
THANK YOU Quarter Ended 30 September 2024 www.mrcb.com MALAYSIAN RESOURCES CORPORATION BERHAD (7994-D) Level 30, Menara Allianz Sentral, No. 203, Jalan Tun Sambanthan, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia Tel: 603 2786 8080 / 603 2859 7070 Fax: 603 2780 7988 www.mrcb.com MRCBGroup mrcb
Slide 13: Profit & Loss
Financial Performance Profit & Loss Q3 (3M) 9M Y-o-Y Y-o-Y RM Million FY2024 FY2023 FY2024 FY2023 Growth % Growth % Revenue 426 504 (15.4)% 1,275 1,845 (30.9)% Other Operating Income 17 10 75.8% 42 31 35.4% Operating Expenses (412) (467) (11.8)% (1,173) (1,742) (32.7)% Operating Profit 32 46 (31.8)%
Slide 14: Quarterly Analysis
Financial Performance Quarterly Analysis Revenue Operating Profit and Margin 692 19.4% 504 476 426 14.5% 372 72 9.2% 100 8.5% 7.4% 46 41 32 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 PBT and Margin EPS (sen) 1.80 11.5% 13.0% 1.15 80 48 3.7% 4.0% 0.5% 0.20 19 2 0.03 0.07 19 Q3'23 Q4'
Slide 15: Balance Sheet and Debt Profile
Financial Position Balance Sheet Debt Profile NAV Per Share* (sen) Total Assets Total Debt 103.3 RM8,982 mil. RM2,148 mil. 102.8 102.9 103.1 FY2023 RM8,845 mil. FY2023 RM1,802 100.9 Total Liabilities Deposits, Cash & Bank RM4,364 mil. Balances Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 FY2023 RM4,245 mil. RM893
Slide 16: Revenue and Segmental Profit Split
Segmental Reporting Overview Revenue Split – RM1,275 million Revenue Contribution Analysis 1,845 3Q 2023 5% E&C 1,275 1,338 3Q 2024 985 18% Property 460 Development 234 48 56 Others* 77% Total E&C Property Others* Development Segmental Profit Split – RM153 million 3Q 2023 153 145 125 3Q 2024 88 36 2
Slide 17: Land Bank
Land Bank Developed Ongoing GDV Yet to be Land Size GDV % Stake GDV Development Developed Acres RM' mil RM’mil GDV RM’mil RM’mil Transport Oriented Developments KL Sentral (Lot F & Lot R)* 6.08 4,154 100% 0 0 4,154 PJ Sentral Garden City 11.91 3,291 100% 1,069 0 2,222 Penang Sentral 22.65 2,689 100%
Malaysian Resources Corporation Berhad — Q3 2024 Earnings Presentation on 6ix