Ewi Capital Bhd · MYX:EWICAP
Ewi Capital Bhd — Eco World International Berhad — Shareholder Meeting (May 2020)
26 slides from Ewi Capital Bhd's shareholder meeting presentation, May 19, 2020
Slide 1: Financial Year 2019 Annual General Meeting
FINANCIAL YEAR 2019 ANNUAL GENERAL MEETING 1 9 M AY 2 0 2 0
Slide 2: 3 new launches in FY2019
3 new launches in F Y 2019 Millbrook Park Verdo at Kew Bridge Acton Lodge & (Phase 2) Two Bridges
Slide 3: Millbrook Park Phase 2
MILLBROOK PARK PHASE 2 96 private units launched / Expected completion by 2021
Slide 4: Verdo @ Kew Bridge
VERDO @ KEW BRIDGE 180 private units launched / Expected completion by 2022
Slide 5: Acton Lodge & Two Bridges
ACTON LODGE & TWO BRIDGES 64 private and affordable units launched / Development through a JV with Hounslow Council / Expected completion by 2021
Slide 6: Residential blocks completed
6 residential blocks completed Millbrook Park Embassy Gardens London City Island Aberfeldy Village (Phase 1) (A05) (B, C & E) (Phase 3A)
Slide 7: Millbrook Park Phase 1
MILLBROOK PARK PHASE 1 40 private units delivered in FY2019 / 100% occupancy rate* *as at 12 March 2020
Slide 8: Embassy Gardens Block A05
EMBASSY GARDENS BLOCK A05 205 private units delivered in FY2019 / 99% occupancy rate* *as at 12 March 2020
Slide 9: London City Island Block B, C, E
LONDON CITY ISLAND BLOCK B, C, E 385 private units delivered in FY2019 / 93% occupancy rate* *as at 12 March 2020
Slide 10: Aberfeldy Village Phase 3A
ABERFELDY VILLAGE PHASE 3A 66 private units delivered in FY2019 / 100% occupancy rate* *as at 12 March 2020
Slide 11: Private units delivered in FY2019
736 private units delivered Delivery of Private Units by Quarter in F Y 2019 1,141 units delivered since F Y 2018 Q3 FY2018 Q4 FY2018 Q1 FY2019 Q2 FY2019 Q3 FY2019 Q4 FY2019 Q1 FY2020
Slide 12: Occupancy rate in all projects delivered
> 93% occupancy rate in all projects delivered Emphasis on placemaking / Excellent transportation linkages / Strong property agent network
Slide 13: Key projects targeted for completion in FY2020
4 key projects targeted for completion in FY2020 London City Island Wardian West Village Yarra One (Block D)
Slide 14: Financials
FINANCIALS Record profit and stronger balance sheet
Slide 15: Profit & Loss Statement
Profit & Loss Statement RM190M RM’000 FY2019 FY2018* Revenue 478 1,303 Direct Expenses - - Gross Profit 478 1,303 profit after tax in FY2019 Other Operating Income 19,227 12,276 Selling & Marketing Expenses (4,569) (7,131) Administrative Expenses (61,659) (77,737) Unrealised Gain / (Loss) on Foreign
Slide 16: Balance Sheet
RM1.12 RM’000 Shareholders’ Funds Balance Sheet 31 Oct 2019 31 Oct 2018* net asset per share as at Oct 2019 2,685,641 2,475,021 NA per Share (RM) 1.12 1.03 Total Cash 439,995 436,960 Total Borrowings 1,463,745 836,078 Low net gearing Net Debt / (Cash) 1,023,750 399,118 / Gross Debt – Equity Ratio (x
Slide 17: Sales By Business Unit
Sales By Business Unit RM m RM1.1B 2,500 2,075 2,000 sales achieved in FY19 1,500 1,000 711 602 OMS Sales in London rose 5% 500 377 319 208 / - 93 EcoWorld London OMS sales - EcoWorld London EcoWorld London EcoWorld- Australia improved 67% (BtR) (OMS) Ballymore *exclude land sales FY2018 FY2019
Slide 18: RM2.2 billion sales target for FY2020
RM2.2 billion sales target for F Y 2020
Slide 19: Market Updates
MARKET UPDATES
Slide 20: Increase in apartment unit value in Melbourne & Sydney
Changes in apartment unit value 10-11% (Mar 2020 vs Mar 2019) 11.0% 9.8% increase in apartment unit value in Melbourne & Sydney 1.4% 1.3% 0.8% 0.7% in March 2020 as compared to March 2019 -3.2% / -5.5% Covid-19 outbreak is affecting housing Melbourne Sydney Canberra Adelaide Brisbane Hobart Perth Da
Slide 21: Growth in London house price indices
3% London House Price Index growth in London house Feb-20, 122.2 price indices JAN-16 MAY-19 113.5 119.3 for London from the trough in Mar 2019 to Feb-20, Feb 2020 JAN-16 MAR-19 113.3 109.9 / 109.1 Market researchers predict lower transaction Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 J
Slide 22: Growth in London rental rate
> 4X London Private Rental Rate Index growth in London rental rate Jan-20, 107.7 Jan-17, Jan-18, Jan-19, 106.1 106.3 Mar-20, 106.4 107.9 In 2019 compared to the pace of growth in Jan-16, 103.9 2017-2018 / Rental rate grew 1.1% year-on-year in Dec Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 2019 Source: ONS /
Slide 23: £500M worth of Built-to-Rent projects remaining
> £500M worth of Built-to-Rent (BtR) projects remaining in portfolio
Slide 24: Covid-19 mitigations in place
COVID-19 mitigations in place Construction works in the UK and Australia are still allowed to continue / Digital marketing campaigns to reach prospective purchasers have been rolled out / Source: CoreLogic Ongoing efforts to engage potential BtR investors
Slide 25: Digital marketing via 3D models & walkthrough videos
DIGITAL marketing via 3D Models & Walkthrough Videos Viewing of 3D layouts via internet / Promotional videos on social media & digital marketing channel Source: CoreLogic
Slide 26: FY2020 sales target and priorities
FY2020 RM2.2 billion sales target for FY2020 / Deliver Wardian, London City Island, West Village & Yarra One in FY2020 / Completion of projects to reduce gearing / Sustain earnings growth momentum in FY2020
Eco World International Berhad — Shareholder Meeting (May 2020) on 6ix