Ijm Corporation Berhad · MYX:IJM
Ijm Corporation Berhad — 3QFY24 Earnings Presentation
23 slides from Ijm Corporation Berhad's earnings presentation, March 2024
Slide 1: Financial Results for the Third Quarter of Financial Year 2024
IJM Corporation Berhad Financial Results for the Third Quarter of Financial Year 2024 Investor Presentation
Slide 2: Contents
Contents 3QFY24 Group performance review 3-5 Divisional performance review & key 6-13 highlights Appendix 14-21 2
Slide 3: 3QFY24 Group Performance Review
3QFY24 Group Performance Review Group Income Statement Group Balance Sheet Divisional performance & key highlights
Slide 4: Group Income Statement
Group Income Statement RM’mil 3QFY24 3QFY23 %∆ 9MFY24 9MFY23 %∆ Revenue 1,475.4 1,101.1 34.0 4,159.6 3,245.7 28.2 EBITDA 293.1 293.1 4.6 744.2 744.2 20.5 Operating Profit 310.3 225.0 37.9 826.4 529.7 56.0 Finance Cost (85.9) (62.0) (232.3) (171.8) Operating Profit After Finance Cost 224.3 163.0 37.6
Slide 5: Group Balance Sheet
Group Balance Sheet RM’mil 31 Dec 23 31 Mar 23 Share Capital 6,132.4 6,132.4 Shareholders’ Funds 9,870.7 9,843.8 Total Assets 21,299.9 20,510.6 Net Assets Per Share (RM) 2.82 2.80 Total Cash 3,211.7 2,825.2 Total Borrowings (5,595.3) (5,364.8) Net Debt (2,383.6) (2,539.7) Net Debt / Shareholders’ Fu
Slide 6: Construction 3QFY24 Results
Construction 3QFY24 Results RM’mil 3QFY24 3QFY23 %∆ 9MFY24 9MFY23 %∆ Revenue 427.6 266.8 60.3 1,150.9 803.7 43.2 EBITDA 40.0 34.0 17.8 117.5 122.6 (4.1) PBT 11.8 8.3 42.8 38.3 52.2 (26.6) PBT % 2.8 3.1 3.3 6.5 Comments: Revenue for 3QFY24 and 9MFY24 increased by 60.3% and 43.2% respectively as compa
Slide 7: New Order Book Secured RM3,623m
New Order Book Secured Major Contracts secured in FY24 RM3,623m New Order Book Shah Alam International Logistics Hub Ph 1 RM653.6m Outstanding Order Book: RM6.6bn Bandar Rimbayu Township RM245.7m (inc projects secured in 4QFY24) Seremban 2 Township RM464.4m JB-Singapore RTS, Johor Immigration Custom
Slide 8: Property 3QFY24 Results
Property 3QFY24 Results RM’mil 3QFY24 3QFY23 %∆ 9MFY24 9MFY23 %∆ Revenue 501.4 374.9 33.7 1,334.6 1,046.4 27.5 EBITDA 146.4 86.3 69.7 334.0 170.5 95.8 PBT 122.5 78.6 56.0 279.9 141.8 97.4 PBT % 24.4 21.0 21.0 13.6 Comments: Revenue for 3QFY24 and 9MFY24 increased by 33.7% and 27.5% respectively as c
Slide 9: Property Division - highlights
Property Division - highlights New Sales Recorded RM’mn RM2.7bn* 3,000 RM2.5bn 0.2% 6% 2,500 4% 9% 21% 21% International Region 2,000 19% 7% East Malaysia 9% RM1.4bn * 3% East Coast 1,500 9% Southern Region 8% Northern Region 1,000 68% 56% Central Region 500 78% - FY22 FY23 9MFY24 * Property sales R
Slide 10: Industry 3QFY24 Results
Industry 3QFY24 Results RM’mil 3QFY24 3QFY23 %∆ 9MFY24 9MFY23 %∆ Revenue 293.6 240.1 22.3 917.0 748.7 22.5 EBITDA 58.3 46.4 25.6 173.7 155.8 11.5 PBT 44.9 33.2 35.4 134.1 115.1 16.5 PBT % 15.3 13.8 14.6 15.4 Comments: Revenue for 3QFY24 and 9MFY24 increased by 22.3% and 22.5% respectively as compare
Slide 11: Industry Division - highlights
Industry Division - highlights New Order Book Wins ‘000 tonnes 2,500 2,000 1,830 1,500 2,155 1,000 1,598 500 0 FY22 FY23 9MFY24 11
Slide 12: Infrastructure 3QFY24 Results
Infrastructure 3QFY24 Results RM’mil 3QFY24 3QFY23 %∆ 9MFY24 9MFY23 %∆ Revenue – Toll 125.9 139.0 (9.4) 386.2 409.2 (5.6) Revenue - Port 114.2 80.3 42.3 338.1 237.3 42.5 EBITDA 148.6 120.2 23.6 439.3 284.3 54.5 Malaysian Tollways 48.1 63.0 (23.7) 156.7 181.7 (13.8) Kuantan Port 64.6 39.4 64.1 190.3
Slide 13: Infrastructure 3QFY24 Results (con't)
Infrastructure 3QFY24 Results (con’t) Comments Infrastructure – Toll Revenue for 3QFY24 and 9MFY24 decreased marginally by 9.4% and 5.6% respectively as compared to 3QFY23 and 9MFY23, mainly due to the reduction in toll rate pursuant to the restructuring. However, pre-tax profits for 3QFY24 and 9MFY
Slide 14: Infrastructure Division – Port Division
Infrastructure Division – Port Division Kuantan Port Throughput mil tons 25 20 15 22.7 22.7 19.2 10 5 0 FY22 FY23 9MFY24 14
Slide 15: Appendix
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Slide 16: New Launch Sales Performance in 3Q FY24
New Launch Sales Performance in 3Q FY24 3Q FY24 Sales Mainly Contributed by: Penang Region Central Region IJM Bayouri Seremban 2 - Emeri Place 1 & 2 Storey Shop - Sutera 2 Storey Terrace - Ayra 2 Storey Terraces - Vio Banj’ran 2 & 3 Storey Bungalow - Esra Residencs 2 Storey Terrace, Semi D & Garden
Slide 17: New Launch Sales Performance in 3Q FY24
New Launch Sales Performance in 3Q FY24 3Q FY24 Sales Mainly Contributed by: Johor Region Nasa City - Phase 11A 2 Storey Terrace - Phase 6 2 Storey Terrace - Phase 5 2 Storey Shopoffice Austin Duta - Phase 11B 2 Storey Terrace 17
Slide 18: New Launches 2023/24 (1 Nov 2023 to Feb 2024)
New Launches 2023/24 (1 Nov 2023 to 29 Feb 2024) Total Value: 459 mil Total Units : 349 units Phase 4B @ S2 Heights Sutera 2-storey link home No. of Units : 204 GDV : RM179 mill Launch Date : Nov 2023 Phase 11A @ Nasa City 2- Storey Terrace House No of Units :105 GDV :RM97mil Launch Date : Dec 2023
Slide 19: Upcoming Launches (1 March to June 2024)
Upcoming Launches (1 March to 31 June 2024) Total Value:1,581 mil Total Units 1,158 units: Phase 5A11 @ Alam Suria IJM Bayouri Phase 2 - Ayra Daffodil Residency Terraces 2 storey Terrace 18-Storey Apartment No. of Units : 100 No. of Units : 354 GDV : RM86 mil GDV : RM127 mil Launch Date : April 2024
Slide 20: Upcoming Launches (1 March to June 2024)
Upcoming Launches (1 March to 31 June 2024) Phase 3G @ S2 Heights Nova 2 storey semi-d No. of Units : 72 GDV : RM142 mil Launch Date : May 2024 Phase 6 @ Nasa CIty 2 - Storey Terrace House No. of Units : 68 GDV : RM58 mil Launch Date : May 2024 Phase 11B @ Austin Duta 2- Storey Terrace House No of U
Slide 21: Future Launches (1 July to December 2024)
Future Launches (1 July to 31 December 2024) Total Value: 2,708 mil Total Units : 3,536 units Utama Crown Phase 18 @ IJM Rimbayu (3-storey Commercial Lots) 2 Storey SD & Superlink No. of Units : 2 No. of Units : 180 GDV :RM15 mil GDV : RM360 mil Launch Date : Aug 2024 Launch Date : Oct 2024* Phase 4
Slide 22: Future Launches (1 July to December 2024)
Future Launches (1 July to 31 December 2024) A1-7 Parcel 1 Phase 16 @ IJM Rimbayu Condominium & Meta Residences Commercial Serviced Apartment No. of Units : 333 No. of Units : 998 GDV : RM369 mil GDV : RM498 mil Launch Date : Nov 2024 Launch Date : Dec 2024 Riana Dutamas Parcel 3 Serviced Apts & Ret
Slide 23: Thank you
Thank you 23
IJM Corporation Berhad — 3QFY24 Earnings Presentation on 6ix