Eco World Development Group Bhd. · MYX:ECOWLD
Eco World Development Group Bhd — EcoWorld Malaysia — Investor Presentation (June 2023)
23 slides from Eco World Development Group Bhd's investor presentation, June 2023
Slide 1: EcoWorld Malaysia 2Q FY2023 Corporate Presentation
ECOWORLD MALAYSIA 2Q FY2023 CORPORATE PRESENTATION JUNE 2023
Slide 2: Sales Updates
Moving Ahead SALES UPDATES TeONOnp
Slide 3: Sales Momentum Sustained
SALES MOMENTUM SUSTAINED ON TRACK TO ACHIEVE SALES TARGET SALES (RM’mil) 2,399 69% 4 3 mths mths 1,346 1,092 1,094 1,053 780 875 of FY2023 RM3.5 B 1Q FY22 2Q FY22 3Q FY22 4Q FY22 Nov 22 - Feb 23 Mar - May 23 FY2023 (7 mths) Sales Target Achieved Continued strong demand for EcoWorld’s residential, co
Slide 4: Sales From a Wide Product Range
SALES FROM A WIDE OF PRODUCT RANGE CONSISTENTLY STRONG COUNTER-CYCLICAL GROWTH Sales (RM’bil) 3.82 3.84 3.72 Result of concerted efforts over the 3.52 10% 9% 20% years to: 3.19 3.12 14% 3.01 15% 10% 8% 23% 15% 8% • Reinvent the Group’s business 12% 12% 10% 11% 2.46 2.30 9% 2.40 model, expand our pro
Slide 5: Analysis of Sales by Segment
ANALYSIS OF SALES BY SEGMENT DEMAND FOR RESIDENTIAL HOUSING REMAINED STRONG • Residential properties recorded RM1.2 bil sales (51% of RM 101 m total sales): 4% - RM955 mil upmarket homes priced above RM650,000 - RM265 mil affordable homes priced below RM650,000 RM 838 m 35% • RM341 mil commercial pr
Slide 6: Substantial Growth of Industrial Segment
SUBSTANTIAL GROWTH OF INDUSTRIAL SEGMENT ACCELERATED DEMAND DURING AND POST-PANDEMIC ECO BUSINESS PARK SALES (RM’mil) 111% of FY2022 Sales 7-months Strong out-performance result of focused efforts made to: 3-year pandemic CAGR 51% sales • Expand, diversify and customise our business park products 83
Slide 7: New Residential Launches
NEW RESIDENTIAL LAUNCHES 1H FY2023 - MAINLY UPGRADER PRODUCTS Eco Central Eco South Eco North • Bohemia @ Eco Sanctuary | Cluster Semi-D & Semi-D • The Commune @ Eco Botanic 2 | Cluster Homes • Camdon @ Eco Horizon • Eden @ Eco Sanctuary | Co-Home • Aranya, Caia, Aria & Nora @ Eco Tropics| Double |
Slide 8: New Commercial Launches
NEW COMMERCIAL LAUNCHES 1H FY2023 – SILVERSQUARE @ ECO MAJESTIC Eco Majestic City Commercial offerings at EcoWorld’s matured townships to serve its diverse and fast growing population
Slide 9: For the Young at Heart
FOR THE YOUNG AT HEART LATEST LAUNCH + MORE TO COME! Target Completion in 1Q 2024 First Sold Out Sold Out launched in Sept 2020 Klang Valley Iskandar Malaysia Penang NEW + Upcoming Launches • Below RM500k • 900 psf | 1,000 psf • Semi-furnished • Situated in matured township with amenities and Launch
Slide 10: Untuk You: Sustainable Living at Attainable Pricing
UNTUK YOU SUSTAINABLE LIVING AT ATTAINABLE PRICING Lifestyle offerings at EcoWorld Townships: Ardence Labs Grandeur Labs Spring Labs Commercial precincts Restaurants Cafes Townparks Lakes School Grocers EV Chargers
Slide 11: Financial Highlights
FINANCIAL HIGHLIGHTS 2Q FY2023
Slide 12: Financial Updates
FINANCIAL UPDATES 2Q FY2023 FINANCIAL 17% 47% 277% 506,894 24,050 420,822 277 16,315 -16,000 0 -15,561 2Q FY2022 2Q FY2023 2Q FY2022 2Q FY2023 2Q FY2022 2Q FY2023 Revenue lower due to reduced Malaysian JV recorded higher EWI contributed a profit due to higher contributions from several parcels contr
Slide 13: Financial Updates
FINANCIAL UPDATES 2Q FY2023 FINANCIAL 2% 37% 61,235 62,416 62,693 45,674 50,000 50,000 0 0 2Q FY2022 2Q FY2023 2Q FY2022 2Q FY2023 PAT (Malaysian Operations) Overall PAT for 2Q FY2023 excluding EWI, higher by 2% increased by 37%
Slide 14: Focus on Cash Generation
27% INVESTMENT IN ECOWORLD INTERNATIONAL FOCUS ON CASH GENERATION Sales Target Sales Recorded Reserves Total (FY2023) (as at 31 May 2023) + (as at 31 May 2023) = (as at 31 May 2023) RM1.4 bil RM619 mil RM299 mil RM918mil Net Cash Position: As at 31 Oct 2022 As at 30 Apr 2023 • EWI Shareholders’ appr
Slide 15: Future Revenue
FUTURE REVENUE AS AT 31 MAY 2023 Future revenue from locked-in sales EcoWorld Malaysia RM4.23 B RM4.29 billion + - increased from RM4.03 billion as at 28 Feb 2023 EcoWorld This provides: International 1) Clear earnings visibility 2) Strong cash-flow certainty RM0.06 B
Slide 16: Low Gearing = Ample Capacity for Landbanking
LOW GEARING = AMPLE CAPACITY FOR LANDBANKING AS AT 30 APRIL 2023 Total Cash & Gross Net Borrowings Bank Balances Gearing Gearing RM2.55 bil RM1.04 bil 0.53x 0.31x Eco North 224 acres EcoWorld Malaysia is well positioned to be able to take 7% advantage of any good opportunities that may arise to: • a
Slide 17: Commitment to Dividend Payment
Enhancing Value COMMITMENT TO DIVIDEND PAYMENT 2Q FY2023 FINANCIALS Stronger Balance Sheet & improved gearing position enabled dividend payments to continue in FY2023 2 sen Dividend Per Share (sen) 2021 2022 2023 1H 2.00 2.00 2.00 interim dividend 2H 2.00 3.00 declared in 2Q FY2023 Total 4.00 5.00
Slide 18: Sustainability Updates
Moving Ahead SUSTAINABILITY UPDATES TeONOnp
Slide 19: Sustainability Updates
SUSTAINABILITY UPDATES KEY HIGHLIGHTS IN FY2023 June dedicated as World Environment Month for the 2nd year running. Environment themed activities were carried out for residents and the public in Klang Valley, Penang and Iskandar Malaysia.
Slide 20: Sustainability Updates
SUSTAINABILITY UPDATES KEY HIGHLIGHTS IN FY2023 June 2023 June 2023 May 2023 Launch of EV Charging Station at Eco Ardence The Star ESG Malaysia Landscape Architecture Collaboration with ChargEV Positive Impact Awards 2023 Awards (MLAA13) 2022 to future-proof our development Gold Winner – Winner of E
Slide 21: Conclusion
Moving Ahead CONCLUSION
Slide 22: FY2023 Sales Target
FY2023 SALES TARGET FOCUS ON ENHANCING VALUE & IMPROVING RETURNS RM3.5 B Sales target set for FY2023 • Target to continue improving returns by launching products with higher profit margins / higher absolute profits psf of land to derive optimal returns from valuable matured land bank; • Pursue leads
Slide 23: Thank You
THANK YOU TeONOnp
EcoWorld Malaysia — Investor Presentation (June 2023) on 6ix