Crescendo Corp. Bhd. · MYX:CRESNDO
Crescendo Corp. Bhd — Investor Presentation (March 2025)
51 slides from Crescendo Corp. Bhd's investor presentation, Mar 31, 2025
Slide 1: Corporate Profile 31 March 2025
19950 1 0 3 0 5 4 4 CORPORATE PROFILE 31 MARCH 2025
Slide 2: Property Development
J F’ crescendo PROPERTY DEVELOPMENT
Slide 3: Development Landbank
DEVELOPMENT LANDBANK Project /Taman Distance Type of Development from JB Development Land (Acres) Bandar Cemerlang 20km * - Tebrau, Johor Bahru Mixed 717 - Kota Tinggi Industrial/Residential 636 * Taman Perindustrian Cemerlang 16km Industrial 29 * Taman Desa Cemerlang 16km Residential & commercial 5
Slide 4: Location of Landbank
LOCATION OF LANDBANK Bandar Cemerlang Taman Dato Chellam Desa Cemerlang & Taman Perindustrian Cemerlang CLSB Land Tanjung Senibong Taman Perindustrian Jalan Senyum Nusa Cemerlang
Slide 5: Bandar Cemerlang (BC)
BANDAR CEMERLANG (BC) • 1,500 acres of gross development land near Ulu Tiram to develop into a 974 acres of self-contained new township of residential/commercial developments and a 526 acres of industrial park. • Bandar Cemerlang is well connected to Johor Bahru through the interchange along Johor B
Slide 6: Bandar Cemerlang (BC) (Cont.)
BANDAR CEMERLANG (BC) (CONT.) • To date, about 17% of the township was developed with a total GDV value of RM964 million. This comprised 900 units of medium high cost landed houses with GDV of RM679 million, such as three storey cluster, double storey terrace, cluster and semi-detached houses that a
Slide 7: Layout Plan of BC
crescendo LAYOUT PLAN OF BC BANDAR CEMERLANG TETUAN CRESCENDO DEVELOPMENT SON. BHD.
Slide 8: Layout Plan of BC (Cont.)
crescendo LAYOUT PLAN OF BC (CONT.) PRASHTUNQAIL BAGIPERUOHOMAN KELULUSAN KERENARAN HERAHCANG DAN SERAH BALIK KURMIA SEMULA SECARA GERENTA | _ BAGICADANGAN PERTANAI DAN PENBANGUNAN JALAN IASUK DIATASLOT 14, LOT 18 LOT 859, LOT 1179, LOT 1842, LOT 2016 02N LOT 12 LOT BARU 1642) NUKIM HOTA TING DAERAH
Slide 9: Nusa Cemerlang Industrial Park (NCIP)
NUSA CEMERLANG INDUSTRIAL PARK (NCIP) • 527 acres of gross development land with main infrastructures such as rail, port and major highway in place nearby. • To date, 197 units of industrial properties with a total GDV of RM723 million have been developed by Panoramic Industrial Development Sdn. Bhd
Slide 10: Nusa Cemerlang Industrial Park (NCIP) (Cont.)
NUSA CEMERLANG INDUSTRIAL PARK (NCIP) (CONT.) • The Group has entered into several sale and purchase agreements (“SPAs”) for the disposal of vacant land in NCIP amounting to RM1.033 billion, out of which RM677.4 million has been completed to date. • The proceeds will be utilised for development of t
Slide 11: Layout Plan of NCIP
crescendo LAYOUT PLAN OF NCIP PANORAMIC INDUSTRIAL DEVELOPMENT SON. BHD. “Taman Pertrdusrion Nusa Comotang Daerah Johor Bharu [1 rs -nenrat urs BE areca wire conorrionan arn [Pines eso. unrrs [i pivse -enir sox
Slide 12: Panoramic Land Sdn Bhd (PLSB)
PANORAMIC LAND SDN BHD (PLSB) • This is the industrial property investment arm for rental purposes. • Currently, there are 18 plots of land measuring approximately 51 acres located at NCIP. To date, a total of 14 units of factories have been completed with the completion and issuance of CCC with ano
Slide 13: Residensi Senyum
RESIDENSI SENYUM • A serviced apartment project on 2 plots of freehold lands of approximately 3.272 acres situated along Jalan Senyum and in close proximity to the Johor Bahru-Singapore Rapid Transit System (“RTS”) terminal at Bukit Chagar. • Ground breaking ceremony was held on 11 October 2024 and
Slide 14: Location Plan of Residensi Senyum
LOCATION PLAN OF RESIDENSI SENYUM
Slide 15: Taman Perindustrian Cemerlang (TPC)
TAMAN PERINDUSTRIAN CEMERLANG (TPC) • TPC, a 600-acre industrial park with close to 980 factories, is fully developed and is one of the largest industrial parks in Johor. • Located approximately 18km from Johor Bahru, 32km from Senai Airport and 19km from Singapore.
Slide 16: Taman Perindustrian Cemerlang (TPC) (Cont.)
TAMAN PERINDUSTRIAN CEMERLANG (TPC) (CONT.) • The current phase of this project comprised 6 units of semi-detached factory and 2 units of detached factory with a total GDV of RM58 million that were launched in October 2022. All units are sold as at 31 March 2025.
Slide 17: Desa Cemerlang (DC)
DESA CEMERLANG (DC) • Self contained matured township development next to TPC with 6,900 units of mixed development and to date we have developed about 90% of this land. • The latest development for this project is 45 units of three storey shop office with total GDV of RM89 million and 12 units of f
Slide 18: Layout Plan of DC & TPC
Fcrescendo LAYOUT PLAN OF DC & TPC DESA CEMERLANG & TAMAN PERINDUSTRIAN CEMERLANG CRESCENDO GROUP OF COMPANIES |
Slide 19: Tanjung Senibong
TANJUNG SENIBONG • Prime mixed residential and commercial development of 221.58 acres of land. • Comprises 1,854 units of residential properties to be built on 33.05 acres of land and commercial complex on 6 plots of net land measuring 72.68 acres. • A waterfront project located in a prime location
Slide 20: Layout Plan of Tanjung Senibong
LAYOUT PLAN OF TANJUNG SENIBONG
Slide 21: Taman Dato' Chellam (TDC)
TAMAN DATO’ CHELLAM (TDC) • 37.6 acres of mixed development land acquired on 12 May 2004. • Opposite to TPC and DC. • The current development for this project is 258 RMMJ townhouse units with total GDV of RM40 million where its construction has commenced since August 2023. Total sales to date is RM3
Slide 22: Layout Plan of TDC
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Slide 23: Ambok Resorts
AMBOK RESORTS • The completion of Sg Johor Bridge project in tandem with Senai-Desaru Highway has enhanced the accessibility and land value of this 794-acre landbank in Kota Tinggi. • Zoned for mixed development and possible to start developing this land in 6 years’ time. • The Pengerang Integrated
Slide 24: Location Plan of Ambok Resorts
LOCATION PLAN OF AMBOK RESORTS
Slide 25: Construction
CONSTRUCTION • Undertaken by Unibase group, which commenced activities in August 1989. • Undertakes both in-house and external contracts under Repute Construction Sdn. Bhd.
Slide 26: Concrete Product Manufacturing
CONCRETE PRODUCT MANUFACTURING • The main products include jacking pipes, cladding pipes, slab, and other precast products for local and export market. • The products have been supplied to several sewerage and portable water pipeline projects in Singapore. • The export sales of the total sales for p
Slide 27: Concrete Product Manufacturing (Cont.)
CONCRETE PRODUCT MANUFACTURING (CONT.) • This operation was awarded with various certifications under Quality Management System ISO9001 : 2015 and Singapore Concrete Institute’s Precaster Accreditation Scheme.
Slide 28: Education
crescendo EDUCATION
Slide 29: Education
EDUCATION • Crescendo International College (“CIC”) caters for Cambridge A-levels, tertiary education and professional qualification. • Crescendo-HELP International School (“CHIS”) offers primary and secondary education based on International General Certificate of Secondary Education (IGCSE) syllab
Slide 30: Near-Term Prospects
NEAR-TERM PROSPECTS • The total committed property sales as at 31 March 2025 is RM388 million, including land sale at NCIP of RM240 million. • Based on the lock-in sales and all the land sales at NCIP, the Board expects the Group to perform well in FY2026.
Slide 31: Near-Term Prospects (Cont.)
NEAR-TERM PROSPECTS (CONT.) • Proposed Development for Financial Year 2025 to 2027 Dev elopment Type Unit av ailable / GDV launched Unit RM m Launched Projects up to 31 March 2025 - Industrial and commercial lands (2 acres) - 11 - Three storey shop office 19 40 - Four storey shop office 4 18 - Doubl
Slide 32: Medium-to-Long Term Prospects
MEDIUM-TO-LONG TERM PROSPECTS • Continue to concentrate our effort to develop landed industrial and residential properties in Bandar Cemerlang as well as serviced apartments project at Jalan Senyum, Johor Bahru. • We plan to launch the first phase of our industrial park at Bandar Cemerlang for sales
Slide 33: Strategies
crescendo STRATEGIES
Slide 34: Strategies
STRATEGIES • The Group will continue to focus on landed medium cost and affordable housing development. • To develop a wide range of properties ranging from low to medium high-cost residential properties, shop offices and from semi-detached factory to large detached factory to target a wide spectrum
Slide 35: Business Outlook
BUSINESS OUTLOOK • Despite the increasingly challenging business environment, the property market is expected to remain reasonably good in the next few years especially in Johor, due to the ongoing Johor Bahru-Singapore Rapid Transit System (“RTS”) Link project and Johor-Singapore Special Economic Z
Slide 36: Business Outlook (Cont.)
BUSINESS OUTLOOK (CONT.) • The signing of the JS-SEZ Definitive Agreement was completed on 7 January 2025. Several initiatives aimed at enhancing movement of people, goods and services as well as financial infrastructure are underway. • With the continued influx of foreign direct investments to Joho
Slide 37: Business Outlook (Cont.)
BUSINESS OUTLOOK (CONT.) • We believe the demand for landed properties in strategic growth areas with good infrastructure and connectivity is expected to remain resilient. The property development and construction division will continue to be the main profit contributor for the Group.
Slide 38: Appendix
crescendo APPENDIX
Slide 39: Group's Performance for the Past 3 Years
GROUP’S PERFORMANCE FOR THE PAST 3 YEARS 2022 2023 2024 2025* Revenue (RM’000) 217,120 215,718 341,345 1,151,043 Profit Before Tax (RM’000) 33,839 38,409 79,514 712,487 Profit After Tax (RM’000) 23,981 25,875 57,028 537,243 Margin - Profit Before Tax (%) 15.59 17.81 23.29 61.90 - Profit After Tax (%
Slide 40: Analysis by Segments
ANALYSIS BY SEGMENTS REVENUE RESULTS Margin 2024 2025* 2024 2025* 2024 2025* (RM’000) (RM’000) (RM’000) (RM’000) % % Property Development & Construction 237,694 1,053,301 81,228 714,252 34 68 Manufacturing & trading 63,640 60,738 2,348 2,190 4 4 Property investment 11,343 14,376 13,297 9,746 117 68
Slide 41: Revenue by Segment (FY2025)
REVENUE BY SEGMENT (FY2025) REVENUE REVENUE Services and Services and Others 6%Others Property Investment 12% 1% Property Investment 3% Manufacturing and Trading 5% Manufacturing and Trading 17% Property Development and Construction 68% Property Development and Construction 88%
Slide 42: Results by Segment (FY2025)
RESULTS BY SEGMENT (FY2025) PROFIT (EBIT) (EBIT) PROFIT Services and Others Property Investment Services and Others Property 1% 1% 6% Investment Manufacturing and Trading 14% 0% Manufacturing and Trading 2% Property Development and Construction 83% Property Development and Construction 93%
Slide 43: Dividend Payment Ratio (Times)
DIVIDEND PAYMENT RATIO (TIMES) 2022 2023 2024 2025* Profit Attributable (RM’000) 21,524 24,525 56,669 536,302 Net Dividend Declared (RM’000) 11,177 13,971 50,295 83,901 Dividend (Sen) 4.0 5.0 18.0 10.0 Dividend Yield (%) 3.3 4.3 6.5 7.1 Dividend Pay-out (%) 51.9 57.0 88.8 15.6 Market Price (RM) 1.20
Slide 44: Group's Performance for the Past 5 Years
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS Earnings EarningsPer Per ShareShare 25 708 7 60 20 6 50 5 15 40 Sen Sen 4 Sen 10 303 20 25 1 10 0 0 2020 2021 2022 2023 2024 0 2020 # 2021 # 2022 # 2023 # 2024 # EPS (Sen) 2021 9 # 2022 10 # 2023 8 # 2024 9 # 2025 20 EPS (Sen) 3.14 3.2 2.57 2.93 6.76 EPS (Sen
Slide 45: Group's Performance for the Past 5 Years (Cont.)
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS (CONT.) Revenue Revenue 400.00 1400.00 350.00 1200.00 300.00 1000.00 250.00 800.00 RM'mil RM'mil 200.00 600.00 150.00 400.00 100.00 200.00 50.00 0.00 0.00 2021 2020 2022 2021 2023 2022 2024 2023 20242025 Revenue(RM'mil) Revenue (RM'mil) 222.90 258.25 217.12 2
Slide 46: Group's Performance for the Past 5 Years (Cont.)
GROUP’S PERFORMANCE FOR THE PAST 5 YEARS (CONT.) Profit ProfitBefore Tax Tax Before 800.00 90.00 80.00 700.00 70.00 600.00 60.00 500.00 RM'mil RM'mil 50.00 400.00 40.00 300.00 30.00 200.00 20.00 100.00 10.00 0.00 0.00 2020 2021 2021 2022 2022 2023 2023 2024 2024 2025 PBT (RM'mil) 50.13 42.40 33.84 3
Slide 47: Principal Activities
PRINCIPAL ACTIVITIES Business Activities Development Construction Division Services Division Investment Division Division Property Property Resort Building Concrete Education Management Investment Development Development Construction Products Services (future)
Slide 48: Group Structure as at 31 January 2025
GROUP STRUCTURE AS AT 31 JANUARY 2025 Crescendo Corporation Berhad 100% 100% 100% 100% 100% 100% 99% 70% 100% 100% 100% 100% 100% Crescendo Medini Microtelecom Crescendo CNFP Panoramic Crescendo Panoramic SGR Land Crescendo Crescendo Panoramic Unibase Education Capital Sdn. Bhd. (formerly Developmen
Slide 49: Corporate Fact Sheet
CORPORATE FACT SHEET Listed On: April 8, 1997 (Main Board) Issued Shares: 845.7 mil (31 March 2025) Market Capitalization as of 31 March 2025: RM1.09 bil (@RM1.29) Par Value Per Share: RM1.00 NTA/Share: RM1.69 (31 January 2025) Major Shareholders: Sharikat Kim Loong Sendirian Berhad (68.50%) (31 Jan
Slide 50: Corporate Fact Sheet (Cont.)
CORPORATE FACT SHEET (CONT.) Corporate Address: 18th Floor, Public Bank Tower No. 19, Jalan Wong Ah Fook 80888 Ibrahim International Business District Johor, Malaysia Telephone number: +607 224 8316 Fax: +607 223 2562 Website: www.crescendo.com.my
Slide 51: Thank You
crescendo THANK YOU
Crescendo Corporation Berhad — Investor Presentation (March 2025) on 6ix