Prolintas Infra Business Trust · MYX:PLINTAS
Prolintas Infra Business Trust — Q1 2024 Earnings Presentation
45 slides from Prolintas Infra Business Trust's earnings presentation, May 2024
Slide 1: Q1 FY2024 Financial Results Analyst Briefing Presentation
Building connectivity, engineering convenience. Q1 FY2024 FINANCIAL RESULTS ANALYST BRIEFING PRESENTATION prolintasinfra.com.my Private & Confidential
Slide 2: Disclaimer
Disclaimer ❑ The information in this presentation is not an offer for sale of the securities of in Prolintas Infra Business Trust (“The Trust”). ❑ All statements other than statement of historical facts included in this presentation are forward-looking statements, and subject to change without notic
Slide 3: Introduction
INTRODUCTION Private & Confidential
Slide 4: PLKH Group Structure Post-IPO
PLKH Group Structure Post-IPO Amanah Saham Bumiputera Permodalan Nasional Berhad 53.0% 47.0% Unitholders • PNB UTF (9.99%) • EPF (6.18%) • UJSB (5.71%) Promoter - PLKH • LTH (5.45%) • Others (21.69%) 100.0% 100.0% 100.0% 100.0% 51.0% 49.0% Distribution Commercial Turnkey 100% New Brownfield Shared s
Slide 5: Trustee-Manager
Trustee-Manager Seasoned Board and senior management team with profound industry knowledge Name Designation Directors Dato’ Ikmal Hijaz bin Hashim Non-Independent Non-Executive Chairman Dato’ Mohammad Azlan bin Abdullah Non-Independent Non-Executive Director Dato’ Abdul Mutalib bin Alias Independent
Slide 6: Background and Overview of Prolintas Infra BT
BACKGROUND AND OVERVIEW OF PROLINTAS INFRA BT Private & Confidential
Slide 7: Prolintas Infra BT at a Glance
Prolintas Infra BT at a Glance The first listed Business Trust in Malaysia which is Shariah compliant with four matured income-generating highway assets under our portfolio Sistem Lingkaran Lebuhraya Guthrie Corridor Expressway Lebuhraya Kemuning – Ampang - Kuala Lumpur Highway Kajang (“SILK”) (“GCE
Slide 8: Highway Assets
HIGHWAY ASSETS Connecting locations , unlocking Potential & Value Private & Confidential
Slide 9: Sistem Lingkaran Lebuhraya Kajang
SISTEM LINGKARAN LEBUHRAYA KAJANG Private & Confidential
Slide 10: Highway Asset – SILK
Highway Asset – SILK Functions as the primary ring road for the town of Kajang, offering access to a range of key locations within the surrounding vicinity • Traffic volumes in 2020 and 2021 were impacted by the various stages of Movement Merits Control Order (“MCO”) imposed by the Government • Ther
Slide 11: Guthrie Corridor Expressway
GUTHRIE CORRIDOR EXPRESSWAY Private & Confidential
Slide 12: Highway Asset – GCE
Highway Asset – GCE An efficient transportation corridor seamlessly interconnecting Shah Alam and Rawang • Traffic volumes in 2020 and 2021 were impacted by the various stages of MCO imposed Merits by the Government • There was an impressing V-shaped rebound following the Covid-19 lockdown, resultin
Slide 13: Highway Asset – GCE
Highway Asset – GCE An efficient transportation corridor seamlessly interconnecting Shah Alam and Rawang Elmina Business Park Elmina North (Lagong) • 1514 ac diversified • 1552 ac mixed development W • Residential 38% industrial mix S N • Commercial 15% E • Industrial 47% Legend(s): GCE Mature towns
Slide 14: Sime Darby Property - Elmina North Lagong Development
SIME DARBY PROPERTY - Elmina North Lagong Development Background • Located in the North of Guthrie Corridor Expressway, Lagong is also known as Elmina North. It will be the final phase of the expansion of the City of Elmina, a landmark in the Western Klang Valley region. • Elmina North is a planned
Slide 15: Sime Darby Property - Elmina Business Park Development
SIME DARBY PROPERTY - Elmina Business Park Development Source: Sime Darby Property Private & Confidential 14
Slide 16: Sime Darby Property - Elmina Business Park Development
SIME DARBY PROPERTY - Elmina Business Park Development Source: theedgemalaysia.com May 23, 2024 Private & Confidential 15
Slide 17: Lebuhraya Kemuning – Shah Alam
LEBUHRAYA KEMUNING – SHAH ALAM Private & Confidential
Slide 18: Highway Asset – LKSA
Highway Asset – LKSA Facilitates rapid connectivity and enhances the transportation infrastructure between the established townships of Shah Alam and Kota Kemuning • Traffic volumes in 2020 and 2021 were impacted by the various stages of MCO imposed Merits by the Government Accommodates Increasing D
Slide 19: SP Setia – Setia AlamImpian Shah Alam
SP SETIA – Setia AlamImpian Shah Alam Setia AlamImpian Latest Development Plan • Overall land size area: 1,235 acres • Overall township planning : Until 2035 • Current population (2023): 12,768 • Estimated population (2025) : 14,812 • Commercial area: Commercial sector: 140 acres ^ Ready Shops: 48 u
Slide 20: Ampang – Kuala Lumpur Elevated Highway
AMPANG – KUALA LUMPUR ELEVATED HIGHWAY Private & Confidential
Slide 21: Highway Asset – AKLEH
Highway Asset – AKLEH Nation’s first intra-urban elevated highway connecting Ampang and Kuala Lumpur • Traffic volumes in 2020 and 2021 were impacted by the various stages of MCO imposed Merits by the Government • Demonstrated V-shaped recovery following the Covid-19 lockdown • Looking forward, traf
Slide 22: Historical Traffic Volume
Historical Traffic Volume The highways are highly resilient across economic cycles, exhibiting a rapid and adaptive recovery post-Covid landscape Consolidated AADT of 4 Highways (‘000) Pre-Covid Post-Covid 98.8% ▲7.4% of forecast ▲2.1% ▲5.8% 458.8 468.3 473.8 419.0 427.1 433.5 417.3 327.9 299.4 FYE2
Slide 23: Financial Performance First Quarter (Q1 FY2024)
FINANCIAL PERFORMANCE First Quarter (Q1 FY2024) Private & Confidential
Slide 24: Profit & Loss
Profit & Loss On track in achieving FY24 forecast • Revenue: The trust group achieved 99% of the forecasted revenue for the quarter, Condensed Statement of Comprehensive Income despite having 4 national public holidays Forecast in Q1. Actual 1QF24 Forecast (in RM’000) 1QFY24 (pro-rated) FY2024F • Ot
Slide 25: Cash Flows
Cash Flows On track in achieving FY24 forecast Statement of Cash Flows (in RM’000) 1QFY24 FY2024F • Received RM9.4 million in toll CASH FLOWS FROM OPERATING ACTIVITIES compensation for the LKSA highway in Cash receipts from toll collection 73,409 305,609 April, leaving only the balance for festive s
Slide 26: Cash Flows (cont'd.)
Cash Flows (cont’d.) On track in achieving FY24 forecast Statement of Cash Flows (in RM’000) 1QFY24 FYE2024F NET INCREASE IN CASH AND CASH EQUIVALENTS 62,467 52,645 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 404,152 404,152 CASH AND CASH EQUIVALENTS AT END OF PERIOD 466,619 456,797 Cash and ca
Slide 27: Distributions
Distributions On track in achieving FY24 forecast Reconciliation of PBT to Distributions (in RM’000) 1QFY24 FYE2024F Profit before tax 6,857 23,069 Adjusted for:- (+) Amortisation of HDE 11,416 47,201 (+) Unwinding discount in relation to lane widening and 2,602 11,690 construction of Interchange (-
Slide 28: Operational Activities - Corrective & Routine Maintenance
Operational Activities - Corrective & Routine Maintenance Private & Confidential
Slide 29: Corrective & Preventive Maintenance – Improve safety of highway users
Corrective & Preventive Maintenance – To improve the safety of highway users Private & Confidential 28
Slide 30: Corrective & Preventive Maintenance - Improve riding comfort
Corrective & Preventive Maintenance - To improve riding comfort of highway users Private & Confidential 29
Slide 31: Corrective & Preventive Maintenance - Preserve longevity of highway assets
Corrective & Preventive Maintenance - To preserve and enhance the longevity of highway assets Private & Confidential 30
Slide 32: Corrective & Preventive Maintenance - Improve visibility and navigation
Corrective & Preventive Maintenance - To improve visibility and assist users navigation Private & Confidential 31
Slide 33: Operational Activities - Highway Improvement
Operational Activities - Highway Improvement Private & Confidential
Slide 34: Highway Improvement - Sustainability and energy cost-saving initiatives
Highway Improvement - Sustainability and energy cost-saving initiatives Private & Confidential 33
Slide 35: Highway Improvement - System functionality and performance
Highway Improvement - To ensure system functionality and provide better performance Private & Confidential 34
Slide 36: Highway Improvement - Improve traffic throughput at toll plazas
Highway Improvement - To improve traffic throughput at toll plaza lanes and mainlines Private & Confidential 35
Slide 37: Operational Activities - Highway Improvement
Operational Activities - Highway Improvement Private & Confidential
Slide 38: Petrol Station at Elmina North RSA
PETROL STATION AT ELMINA NORTH RSA To improve service level to highway users PROGRESS PHOTO PROGRESS PHOTO ARCHITECT’S ILLUSTRATION ARCHITECT’S ILLUSTRATION Private & Confidential 37
Slide 39: Rejuvenation of Lagong Layby (GCE)
REJUVENATION OF LAGONG LAYBY (GCE) To improve service level to highway users ARCHITECT’S ILLUSTRATION The benefits of the Refurbishment and Upgrading Work at Lagong Layby: - Provide greater comfort and safety to highway users. - Ease of access to all facilities for the disabled. - Lower maintenance
Slide 40: Improvement Works and Repainting for Sungai Balak & Bukit Kajang Layby
IMPROVEMENT WORKS AND REPAINTING WORK FOR SUNGAI BALAK & BUKIT KAJANG LAYBY To improve service level to highway users ARCHITECT’S ILLUSTRATION – MALE & FEMALE TOILET ARCHITECT’S ILLUSTRATION – MALE & FEMALE SURAU Private & Confidential 40
Slide 41: Rejuvenation of Seri Muda Layby
REJUVENATION OF SERI MUDA LAYBY To improve service level to highway users ARCHITECT’S ILLUSTRATION TOILET SURAU Private & Confidential 43
Slide 42: Environmental, Social and Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE Upholding ESG, fundamental to our Values Private & Confidential
Slide 43: Promoter's Voluntary Sustainability Report
Promoter’s Voluntary Sustainability Report The Promoter is committed to sustainability, voluntarily publishing its Sustainability Report since 2021 1 Year 2021 2 Year 2022 3 Year 2023 Available at prolintasinfra.com.my Source(s): Management information Private & Confidential 45
Slide 44: Q&A
Q&A Private & Confidential
Slide 45: Thank You
THANK YOU Continuing our commitment to Nation Building Private & Confidential
Prolintas Infra Business Trust — Q1 2024 Earnings Presentation on 6ix