Megawide Construction Corporation · PSE:MWIDE
Megawide Construction — FY2016 Earnings Presentation
14 slides from Megawide Construction's earnings presentation, Apr 6, 2017
Slide 1: Megawide Construction Corporation FY 2016 Analysts' Briefing
4/24/2017 Megawide Construction Corporation FY 2016 Analysts’ Briefing 06 April 2017 FY 2016 CONSOLIDATED HIGHLIGHTS +14% P17.7B Revenue +19% P3.6B EBITDA +30% P1.9B Net Income 1 1
Slide 2: Consolidated Income Statement
4/24/2017 CONSOLIDATED INCOME STATEMENT In Php M FY2016 FY2015 Movement % Remarks Total Revenues 17,658 15,442 2,216 14% Buoyed by growth in private sector Construction 15,786 13,958 1,828 13% projects Airport 1,872 1,484 388 26% Passenger traffic increased by 12% Direct Costs 13,787 12,217 1,570 13
Slide 3: Margin Performance; Financial Position
4/24/2017 MARGIN PERFORMANCE In Php Million FY 2015 FY 2016 Remarks Gross Profit Margin 21% 22% Driven by higher GP margins from Airport Construction 15% 15% Airport 77% 81% Higher GPM due to growth of Non-Aero EBITDA Margin 20% 21% Construction 15% 15% Airport 65% 70% Net Income Margin 10% 11% Cons
Slide 4: Liquidity and Gearing Ratios
4/24/2017 LIQUIDITY AND GEARING RATIOS PROFITABILITY RATIOS 0.57 2014 2015 2016 0.41 0.35 21% 22% 17% 10% 11% 12% 9% 7% 9% Gross Profti Margin Net Profit Margin Return on Equity Earnings per Share LIQUIDITY RATIOS SOLVENCY RATIOS 2014 2015 2016 2014 2015 2016 6.36 1.78 1.83 4.39 4.11 1.35 1.38 0.90
Slide 5: Construction Operations
4/24/2017 CONSTRUCTION OPERATIONS Construction Revenues +13% Quarterly Revenues 2015 2016 (in Php M) 15,786 (in Php M) 13,958 +34% 10,880 5,478 9,842 +40% 4,708 7,742 8,205 -33% 4,272 -20% 3,695 3,439 14.2% 17.0% 3,174 16.4% 16.2% 15.0% 15.0% 2,346 2,632 GP Margin 12.3% 9.7% 12.9% Net Income 8.4% 7.
Slide 6: Airport Operations: Air Traffic Movement
4/24/2017 BUSINESS SEGMENT UPDATES AIRPORT 10 AIRPORT OPERATIONS Air Traffic Movement 34.9 36.1 37.2 31.6 32.7 33.8 26.6 27.6 28.5 29.6 30.6 24.8 25.7 23.0 23.9 21.4 22.2 17.9 19.0 20.1 15.8 16.8 16.1 13.9 110.2 112.0 113.8 115.5 117.4 119.2 121.0 89.6 92.2 95.0 97.8 100.7 102.6 104.4 106.3 108.3 77
Slide 7: Airport Operations: Passenger Traffic and Revenue
4/24/2017 AIRPORT OPERATIONS Since takeover in Nov. 2014, traffic has grown by 28% as of end 2016. 7.4 7.8 6.8 7.1 6.3 6.5 Passenger Traffic 5.7 6.0 5.2 5.5 In Millions 4.8 5.0 4.3 4.5 3.9 4.1 3.5 3.8 3.0 3.3 19.6 2.8 17.1 17.7 18.3 18.9 2.8 14.9 15.4 16.0 16.5 2.0 2.5 12.1 12.7 13.3 13.8 14.3 1.7
Slide 8: Airport Operations: Revenue Mix, EBITDA, Net Income
4/24/2017 AIRPORT OPERATIONS Since handover, the leasable space has increased by 38.5% and is expected to further increase upon completion of Terminal 2. Revenue Mix Growth in Sales per Person NON-AERO INT'L 28% 17% PSC 59% DOMESTIC $6 AERO 42% 2016 RELATED $4 13% 2015 $2 2014 Expanding Retail Store
Slide 9: Airport Operations: Awards and Passenger Mix
4/24/2017 AIRPORT OPERATIONS AWARDS 2014 2016 •Guide to Sleeping in Airports •CAPA 18th Best Airport in Asia Best Regional Airport in Asia Pacific •Sleeping in Airports •Partnerships Awards International 14th Best Airport in Asia •Shortlist for Best Transit Project •Routes Asia 2016 shortlisted for
Slide 10: Airport Operations: Terminal Expansion and Connectivity
4/24/2017 AIRPORT OPERATIONS Terminal Area 2014-2017 E2018 E2019-2023 E2024 Total Project Cost (in sqm) In Php Bn Terminal 1 38,483 38,483 42,541 42,541 Capacity Augmentation Bid 6.6 Premium Terminal 2 - 62,315 62,315 62,315 16.4 Cap. Aug. - - - 19,970 TOTAL 38,483 100,798 104,856 124,826 Terminal 2
Slide 11: Airport Operations: New Routes
4/24/2017 AIRPORT OPERATIONS Details of new routes/frequency in 2016 Details of new routes/frequency in 2017 Aircraft/ Aircraft/ Airline Destination Start Date Frequency Airline Destination Start Date Frequency INTERNATIONAL INTERNATIONAL PAL Los Angeles March-16 A340/3x Thai Smile BKK May-17 A320/7
Slide 12: Financial Highlights - 2017 Guidance
4/24/2017 FINANCIAL HIGHLIGHTS - 2017 CONSOLIDATED GUIDANCE CONSOLIDATED CONSOLIDATED CONSOLIDATED NET REVENUES EBITDA INCOME +9% +6% +13% +14% 18,680 +19% +30% 2,160 17,658 3,920 1,920 +54% 3,604 +63% 15,442 +66% 3,030 1,474 10,042 1,859 887 2014 2015 2016 E2017 2014 2015 2016 E2017 2014 2015 2016
Slide 13: Business Updates: PPP Projects for Bidding
4/24/2017 BUSINESS UPDATES | PPP Projects for Bidding 5 REGIONAL AIRPORTS PRISON FACILITIES Total Cost P110.42Bn Cost Php 50.18 B Mode Operate-Add-Transfer Concession Build- Transfer-and-Maintain (BTM) (including Runway) Concession Period 30 years Cooperation Period 20 Years DAVAO P40.57Bn ILOIL
Slide 14: Company Information
COMPANY INFORMATION Company Name Office Address Telephone Numbers Website Email Address Megawide Construction Corporation 20 N. Domingo St., Brgy. Valencia, Quezon City (02) 655-1111 www.megawide.com.ph ¢fb.com/MegawideConstructionCorporationOfficial *twitter.com/megawidebuilds investorrelations@meg