Osk Holdings Bhd. · MYX:OSK
Osk Holdings Bhd — Q4 2024 Earnings Presentation
66 slides from Osk Holdings Bhd's earnings presentation, 2025
Slide 1: OSK Holdings Berhad Investors Relation Q4 FY2024
OSK HOLDINGS BERHAD Investors Relation Q4 FY2024 PROPERTY | FINANCIAL SERVICES | INDUSTRIES | HOSPITALITY | INVESTMENT HOLDING Strictly private & confidential. For discussion purposes only. 1
Slide 2: Disclaimer
Disclaimer • This presentation/document (“presentation”) has been prepared by OSK Holdings Berhad and its subsidiaries (“OSK Group”). All information contained in this presentation is published for reference only. Expressions of opinion, forecasts or intentions contained herein are subject to change
Slide 3: Content
01 Group Financial Performance 02 Group Business Updates Content 03 Group ESG Updates 04 Appendix
Slide 4: Overview
Overview • OSK Group has 4 Core Business Segments and 1 Investment Holding Segment. The 4 core business segments includes Property, Financial Services, Industries and Hospitality. • The main PBT contributor to the Group is Investment Holding at 50% (49% in FY2023) followed by Property at 25% (26% in
Slide 5: Group Financial Performance
01 Group Financial Performance
Slide 6: Financial Performance
Financial Performance RM’million 1Q24 2Q24 3Q24 4Q24 4Q23 FY24 FY23 Revenue 368.0 368.4 481.0 440.4 423.5 1,657.8 1,587.8 Profit before tax 140.9 141.9 156.3 172.3 140.5 611.4 555.1 Profit before tax (excluding fair value and 140.9 127.1 156.3 153.8 140.0 577.6 546.0 disposal of properties) Share of
Slide 7: PBT Trend for the Last 5 Years
PBT Trend for the Last 5 Years RM'mil 650 611 600 555 550 500 485 465 450 417 400 350 291 300 268 250 221 221 210 200 150 FY2020 FY2021 FY2022 FY2023 FY2024 Include RHB Exclude RHB 7
Slide 8: 5-Years Performance by Segment
5-Years Performance by Segment 5-Years Segmental PBT (RM’million) 611 555 465 485 417 309 274 176 231 241 154 * 145 213 189 163 85 103 50 63 57 48 9 41 18 15 (40) (21) 3 3 4 FY2020 FY2021 FY2022 FY2023 FY2024 Hospitality Industries Financial Services Property Investment Holding * Included fair value
Slide 9: 5-Years Financial Performance (Cont’d)
5-Years Financial Performance (Cont’d) 5-Years Group Revenue and PBT (RM’million) RM'mil 1,900 1,700 1,658 1,588 1,500 1,321 1,300 1,126 1,086 1,100 900 700 611 500 555 465 485 417 300 FY2020 FY2021 FY2022 FY2023 FY2024 Revenue PBT 9
Slide 10: Strong Financial Position
Strong Financial Position as at 31 December 2024 9% 5% RM11.4b RM2.18b RM6.4b RM3.12 RM1.6b Total Assets Capital Financing Shareholders’ Funds Net Assets per Share Cash RM876m & (2023: RM10.4b) (2023: RM1.74b) (2023: RM6.1b) (2023: RM2.97) Undrawn Facilities RM537m (2023: Cash RM744m & Undrawn Facil
Slide 11: Improved Shareholders’ Fund and Total Assets
Improved Shareholders’ Fund and Total Assets Shareholders’ Fund and Total Assets (RM’million) • Total assets increased from RM10.44 bil in FY2023 to RM11.41 bil in FY2024 11,414 due to the following reasons: 10,435 i. increase in capital financing portfolio for both Malaysia and Australia ii. increa
Slide 12: Debt Maturity Profile
Debt Maturity Profile as at 31 December 2024 Debts Maturity Debts Structure (RM’mil) (RM’mil) Term Loans 117 3% MTN & Sukuk 838 Fixed 22% Bankers’ Rate Acceptance 47 MTN & Sukuk 1% (Rated) Floating 1,463 Rate 38% 62% Revolving Credits 1,399 36%
Slide 13: Effective Cash Flow Management
Effective Cash Flow Management Generated From / (Used In) FY2024 FY2023 RM’million Cash Flow Movements in FY2024 Capital Financing, net (509) (327) disbursement • Net cash used in Operating Activities mainly due to net disbursement by capital financing. Other operating net cash inflows 246 315 • Net
Slide 14: Group Business Updates
02 Group Business Updates
Slide 15: Financial Services Segment
Revenue 227 (RM'million) 171 115 2022 2023 2024 PBT 103 (RM'million) 85 60 Financial Services Segment 2022 2023 2024
Slide 16: Financial Services Segment: Capital Financing
Financial Services Segment: Capital Financing • A licensed moneylender in Malaysia RM’mil Loan Portfolio (RM’million) governed under the Money Lenders Act 2,500 1951 (Act 400) RM2,180 mil • A licensed moneylender in Australia with Australia Credit License 2,000 • 4 business line in Malaysia comprise
Slide 17: Capital Financing (Cont’d): Loan Portfolio Vs Collateral
Financial Services Segment: Capital Financing (Cont’d) Loan Portfolio Vs Collateral Loan Portfolio Collateral 5,645 (RM'000) 4,553 4,211 2,197 1,742 1,399 3.0 times 2.6 times 2.6 times 2022 2023 2024 17
Slide 18: Investment in RHB
Investment in RHB
Slide 19: Financial Services Segment: Strategic Investment
Financial Services Segment: Strategic Investment • Arose from the merger between OSK Investment Bank Berhad and RHB Investment Bank Berhad for a purchase consideration satisfied via cash and issuance of new shares in RHB Bank Berhad (“RHB”) in 2012 • OSKH is the second-largest shareholder in RHB, ho
Slide 20: Property Segment
Revenue 921 (RM'million) 877 823 2022 2023 2024 PBT (RM'million) 164 Property 154 Segment 145 2022 2023 2024
Slide 21: Property Development
Property Development Property Development Revenue (RM'million) 874 826 777 2022 2023 2024 PBT (RM'million) 146 129 113 2022 2023 2024 21
Slide 22: Sales, Unbilled Sales and Unsold GDV
Sales, Unbilled Sales and Unsold GDV as at 31 December 2024 1,600 1,409 1,400 39 1,279 1,200 1,185 25 1,133 1,104 513 1,045 34 977 310 1,000 947 929 915 379 347 869 850 850 110 727 798 28 130 RM'mil 50 800 92 7 330 18 216 636 326 308 600 109 1,011 875 857 400 819 837 799 757 758 754 671 647 527 517
Slide 23: Property Segment: On-going Projects
Property Segment: On-going Projects - Malaysia KEDAH Bandar Puteri Jaya, Sungai Petani as at 31 December 2024 (Township) • Total land area: 2,581 acres • Total GDV: RM4bil PENANG • On-going GDV: RM95mil Rubica @ • Take-up rate: Average of 60% Harbour Place, Butterworth • GDV: RM137mil • Progress: 86
Slide 24: Property Segment: Landbank
Property Segment: Landbank - Malaysia & Australia as at 31 December 2024 Landbank 1,744 acres Estimated GDV RM 15.7 billion Kuantan, Penang, RM0.3bil, RM1.0bil, 2% Klang Valley & 7% Selangor, Kedah, RM6.0bil, RM1.5bil, 38% 10% TOTAL Lorem Ipsum GDV (100%) RM15.7 BIL New Land Acquisition Completed Ne
Slide 25: Pipeline Launches in FY2025
Pipeline Launches in FY2025 – Estimated Total GDV of RM1.41 bil RM’mil Target Launch Date Klang Valley a. Nara @ Shorea Park – Tower B 184.1 February 2025 b. Mori Park @ Shah Alam 442.6 May 2025 Penang Harbour View Residences 169.8 February 2025 Seremban Iringan Bayu in Negeri Sembilan • PH17 161.3
Slide 26: Completed Project in Australia
Completed Project in Australia as at 31 December 2024 JV Partner: 49% Equity Interest Location : Southbank, Melbourne Type of Property : Mix development of Residential Apartment, Retail Mall, Office Tower and Hotel Land Area : 5 acres (FH) Total GDV : AUD2.8 bil (all phases) Launch Date : Stage 1: O
Slide 27: On-Going Project in Australia
On-Going Project in Australia as at 31 December 2024 JV Partner: 49% Equity Interest Project Name : BLVD @ No. 19 Hoff Boulevard, Melbourne Square Location : Southbank, Melbourne Type of Property : High-Rise Apartment Total GDV : AUD688 mil (approx. RM2 bil) Launch Date : Soft-launch in April 2023,
Slide 28: Queensbridge Place, Melbourne
Queensbridge Place, Melbourne – Future development in Melbourne – QBP JV Partner: 49% Equity Interest The acquisition of Queensbridge Street (QBP1) and 190 City Rd (QBP2) was completed on 15 July 2022 and 30 November 2022 respectively. CROWN CROWN Globe View CASINO PRIMA PEARL STH BANK Queensbridge
Slide 29: Property Investment and Others
Property Investment and Others Revenue (RM'million) 51 47 46 2022 2023 2024 PBT (RM'million) 41 * 18 16 2022 2023 2024 * Included fair value gain on investment properties of RM13.7 mil and gain on disposal of investment properties of RM19.6 mil 29
Slide 30: Property Investment - Office
Property Investment - Office as at 31 December 2024 Plaza OSK Jalan Ampang, Kuala Lumpur Faber Towers Taman Desa, Kuala Lumpur Land Area 1.32 acres (FH) Land Area 2.63 acres (FH) NLA 236,335 sqft NLA 271,312 sqft Occupancy Rate 80% Occupancy Rate 94% (retail and office building) 30
Slide 31: Property Investment - Retail
Property Investment - Retail as at 31 December 2024 Atria Shopping Gallery, Petaling Jaya NLA 461,924 sqft Occupancy Rate 69% 31
Slide 32: Property Investment – Retail (Cont’d)
Property Investment – Retail (Cont’d) as at 31 December 2024 You City III, Cheras NLA 155,660 sqft Occupancy Rate 82% 32
Slide 33: Construction
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Slide 34: Construction
Construction • Established contractor since 1979 • A reliable and experienced construction provider with the following accreditation by SIRIM: • A construction partner of OSK Property that focus on in-house project developments undertaken by OSK Property i. MS ISO 9001:2015 – Quality Management Syst
Slide 35: Construction Segment (Cont’d)
Construction Segment (Cont’d) Outstanding Order Book as at 31 December 2024 totaling RM518 mil Major projects completed in recent years RM' million Mira @ Shorea Park 135 You City III 175 Ryan & Miho 201 Luminari 105 TimurBay 144 Iringan Bayu (Phase 2A, 2B, 2C, 2D, 3A,8D,1A) 238 Windmill Upon Hills
Slide 36: Industries Segment
Revenue 445 (RM'million) 396 294 2022 2023 2024 PBT 48 (RM'million) 41 15 Industries Segment 2022 2023 2024
Slide 37: Industries Segment: Cables
Industries Segment: Cables • A leading manufacturer of power cables, serving industries including power utilities infrastructure, construction & buildings, renewable energy, oil & gas and telecommunications • Major product range includes copper and aluminum low-voltage and medium- voltage cables, fi
Slide 38: Industries Segment: Cables (Cont’d)
Industries Segment: Cables (Cont’d) Acquisition of Manufacturing Plant - Completed • Location: Tebrau and Plentong, Johor • Rationale: i. To double the production capacity ii. To expand product offerings, i.e., high voltage cables Property 1 (Tebrau) Property 3 (Plentong) iii. To achieve cost effici
Slide 39: Industries Segment: IBS
Industries Segment: IBS • Acotec’s industrialised building system (IBS) wall panels are utilised in the construction for both high-rise and landed properties • Recognition of Acotec’s IBS wall panels are as follows: i. Lightweight nature ii. Ease of installation iii. Capacity to save valuable constr
Slide 40: Hospitality
Revenue 109 (RM'million) 99 88 2022 2023 2024 PBT 5 (RM'million) 4 3 Hospitality 2022 2023 2024
Slide 41: Hospitality Segment
Hospitality Segment HOTELS AND RESORTS VACATION CLUB Revenue (RM'million) PBT/(LBT) (RM'million) Revenue (RM'million) PBT (RM'million) 94 1 8 81 20 18 68 15 2022 2023 2024 5 (0.4) 3 (5) 2022 2023 2024 2022 2023 2024 2022 2023 2024 41
Slide 42: Hospitality Segment: Hotels
Hospitality Segment: Hotels as at 31 December 2024 Hotels managed by Swiss-Garden Hotel & Residences Swiss-Garden Hotel Bukit Bintang Swiss-Garden Beach Resort Kuantan Genting Highland Location : Genting Highlands, Pahang Location : Kuala Lumpur Location : Kuantan, Pahang Rooms : 521 Rooms : 325 Roo
Slide 43: Hospitality Segment: Hotels (Cont’d)
Hospitality Segment: Hotels (Cont’d) as at 31 December 2024 Hotels managed by international brands DoubleTree by Hilton Damai Laut Resort and Damai Laut Golf & Country Club Holiday Inn Express & Suites Johor Bahru Location : Lumut, Perak Location : Johor Bahru, Johor Rooms : 294 Award-winning 18-hol
Slide 44: Hospitality Segment: Vacation Club
Hospitality Segment: Vacation Club as at 31 December 2024 • SGI VC has ceased the sales of all membership term programs since January 2023. All existing members under the membership programs will continue to enjoy SGI Vacation Club at their member privileges and entitlement with SGI Vacation Club Vi
Slide 45: Key Takeaways
OSK Key Takeaways
Slide 46: Key Investment Highlights
Key Investment Highlights ✓ Reputable developer with landbank with an estimated GDV of RM15.7 billion as at 31 December 2024 Integrated ✓ Successful track record in delivering more than 40,000 residential properties Property and ✓ Pipeline properties launches in FY2025 with estimated GDV of RM1.41 b
Slide 47: Group ESG Updates
03 Group ESG Updates
Slide 48: Ongoing Advocacy for Environmental Sustainability
Ongoing Advocacy for Environmental Sustainability Reduce environmental impact across business operations through ongoing renewable energy projects and efforts to promote responsible consumption and resource efficiency Preserved the Wetland Park within our Iringan Bayu township and a public park at M
Slide 49: Continued Support For Community Betterment
Continued Support For Community Betterment Invested RM2.1 million in community development and enrichment initiatives through the OSK Foundation, which positively impacted 10,846 individuals in various communities Fostering community well-being through initiatives such as constructing house for Oran
Slide 50: Awards and Accolades
Awards and Accolades* OSK Group OSK Property Sustainability & CSR Malaysia Awards 2024 StarProperty Awards 2024 • Company of the Year Award (Conglomerate ESD • Yarra Park won Honours for The Family Friendly Award – Best Family Centric Development Leadership Award) • Ranked 5th for Top 10 All-Stars A
Slide 51: Appendix
04 APPENDIX
Slide 52: On-Going Projects – Klang Valley (Cont’d)
On-Going Projects – Klang Valley (Cont’d) ANYA @ Shorea Park, Puchong as at 31 December 2024 Property Type: Service Apartments Total GDV: RM399 mil Launch Date: August 2022 No. of Units: 750 Average Selling Price: RM532 per sqft % of Completion: 86% Take-up Rate: 84% 52
Slide 53: On-Going Projects – Klang Valley (Cont’d)
On-Going Projects – Klang Valley (Cont’d) NARA @ Shorea Park, Puchong as at 31 December 2024 Property Type: Service Apartments Total GDV: RM184 mil Launch Date: June 2024 (Tower A) No. of Units: 369 (Tower A) Average Selling Price: RM561 per sqft % of Completion: 27% Take-up Rate: 36% 53
Slide 54: On-Going Projects – Klang Valley (Cont’d)
On-Going Projects – Klang Valley (Cont’d) LEA by The Hills, Taman Melawati as at 31 December 2024 Property Type: Average Selling Price: Condominium RM605 per sqft Total GDV: RM233 mil % of Completion: 69% Launch Date: June 2022 Take-up Rate: 81% No. of units: 344 54
Slide 55: On-Going Projects – Klang Valley (Cont’d)
On-Going Projects – Klang Valley (Cont’d) NURIA (RSKU) – Taman Melawati as at 31 December 2024 Property Type: Condominium Total GDV: RM63 mil Launch Date: March 2024 No. of units: 275 Average Selling Price: RM261 per sqft % of Completion: 29% Take-up Rate: 79% 55
Slide 56: On-Going Projects – Klang Valley (Cont’d)
On-Going Projects – Klang Valley (Cont’d) Hana Hills – Taman Melawati as at 31 December 2024 Property Type: Condominium Total GDV: RM205 mil Launch Date: July 2024 No. of units: 297 Average Selling Price: RM669 per sqft % of Completion: 10% Take-up Rate: 34% 56
Slide 57: On-Going Projects – Klang Valley (Cont’d)
On-Going Projects – Klang Valley (Cont’d) ALIA @ Mori Park, Shah Alam as at 31 December 2024 Property Type: Service Apartments (SA); Flexi Suites (FS); and Retails (R) Total GDV: SA = RM373 mil; FS = RM25 mil; R = RM18 mil Launch Date: June 2024 No. of units: SA = 812 ; FS = 76; R = 22 units Average
Slide 58: On-Going Projects – Penang
On-Going Projects – Penang Rubica, Butterworth as at 31 December 2024 Property Type: Condominium Total GDV: RM137 mil Launch Date: July 2022 No. of units: 230 Average Selling Price: RM511 per sqft % of Completion: 86% Take-up Rate: 67% 58
Slide 59: On-Going Projects – Penang (Cont’d)
On-Going Projects – Penang (Cont’d) Pangsapuri Suria, Butterworth as at 31 December 2024 Property Type: Low-Medium Cost Apartment Total GDV: RM26 mil Launch Date: February 2023 No. of units: 439 Average Selling Price: RM96 per sqft % of Completion: 8% Take-up Rate: 83% 59
Slide 60: Township Development – Negeri Sembilan
Township Development – Negeri Sembilan as at 31 December 2024 Total No. of Units for Iringan Bayu Township Completed & Total Launched On-Going Handed Over 4,250 2,969 1,281 On-Going Projects Completed Projects 60
Slide 61: Township Development – Negeri Sembilan (Cont’d)
Township Development – Negeri Sembilan (Cont’d) as at 31 December 2024 Property Type: Single-Storey Terrace (Phase 12) Property Type: Single-Storey Terrace (Phase 13) Total GDV: RM61 mil % of Completion: 84% Total GDV: RM99 mil % of Completion: 88% Launch Date: Nov 2023 Take-up Rate: 100% Launch Dat
Slide 62: Township Development – Negeri Sembilan (Cont’d)
Township Development – Negeri Sembilan (Cont’d) as at 31 December 2024 Property Type: Double-Storey Terrace (Phase 14) Property Type: Double-Storey Terrace (Phase 15A) Total GDV: RM79 mil % of Completion: 75% Total GDV: RM153 mil % of Completion: 33% Launch Date: Nov 2023 Take-up Rate: 71% Launch Da
Slide 63: Township Development – Negeri Sembilan (Cont’d)
Township Development – Negeri Sembilan (Cont’d) as at 31 December 2024 Property Type: Double-Storey Terrace (Phase 15B) Property Type: Double-Storey Terrace (Phase 16) Total GDV: RM73 mil % of Completion: 30% Total GDV: RM122 mil % of Completion: 7% Launch Date: Nov 2024 Take-up Rate: 8% Launch Date
Slide 64: Township Development – Sungai Petani, Kedah
Township Development – Sungai Petani, Kedah Total No. of Units for Bandar Puteri Jaya Township Completed & Total Launched On-Going Handed Over 2,293 2,199 94 Completed Projects On-Going Projects 64
Slide 65: Township Development – Sungai Petani, Kedah (Cont’d)
Township Development – Sungai Petani, Kedah (Cont’d) as at 31 December 2024 Property Type: Commercial – Double-Storey Shop Office and Three-Storey Shop Office (Zone 1) Total GDV: RM95 mil Launch Date: Apr 2024 and Aug 2024 No. of units: 94 Average Selling Price: RM1 mil % of Completion: 8% Take-up R
Slide 66: Thank You
OSK Holdings Berhad Level 21, Plaza OSK, Jalan Ampang 50450 Kuala Lumpur, Malaysia (603) 2177 1999 (603) 2026 6331 info@oskgroup.com www.oskgroup.com Disclaimer: This material is proprietary and is prepared specifically for the recipient’s Thank You reference. The information contained herein is not