Eco World Development Group Bhd. · MYX:ECOWLD
Eco World Development Group Bhd — EcoWorld Malaysia — 1Q FY2024 Earnings Presentation
17 slides from Eco World Development Group Bhd's earnings presentation, March 2024
Slide 1: EcoWorld Malaysia Corporate Presentation – 1Q FY2024
ECOWORLD MALAYSIA CORPORATE PRESENTATION – 1Q FY2024 MAC 2024 Eco Rise Eco Eco Business Townships Eco Hubs Parks
Slide 2: Sales Momentum Sustained
SALES MOMENTUM SUSTAINED FY2024 – 4 MONTHS UP TO 29 FEB 2024 RM1.26 36% BILLION Sales Recorded of FY2024 as at 29 Feb 2024 Sales Target Achieved
Slide 3: Sales by Region
SALES BY REGION HIGHEST SALES CONTRIBUTION FROM ECO SOUTH RM 164 m Eco South recorded the highest sales with RM723 million: 13% • increasingly high demand in Iskandar Malaysia across all four revenue pillars RM 372 m • recently acquired 2 sizeable tracts of lands: 30% Sales By Region RM 723 m 403.78
Slide 4: Sales from Iskandar Malaysia
SALES FROM ISKANDAR MALAYSIA AVERAGE OF MORE THAN RM1 BILLION PER ANNUM Total Sales Recorded: RM11.6 Billion Recorded since 2013 45% of FY2023 full year sales achieved in Sales (RM’mil) 4 months 1,591 1,594 1,302 Strong sales largely due to: 1,200 1,176 1,109 • Breadth and depth of EcoWorld 940 Mala
Slide 5: Eco Hubs in Iskandar Malaysia
ECO HUBS IN ISKANDAR MALAYSIA ECO BOTANIC CITY
Slide 6: Sales by Revenue Pillars
SALES BY REVENUE PILLARS STRONG PERFORMANCE IN EVERY MARKET SEGMENT • Eco Townships & Eco Rise, the two residential pillars contributed RM799 mil with new landed home launches at Eco Grandeur, Eco Spring & Eco Tropics + duduk series RM 298 m 24% • Eco Business Parks recorded RM298 mil from Cluster a
Slide 7: HUNI D' Eco Ardence
HUNI D’ ECO ARDENCE 1,728 UNITS VP IN FEBRUARY 2024
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS 1Q FY2024
Slide 9: Financial Updates: 1Q FY2024 Financials
FINANCIAL UPDATES 1Q FY2024 FINANCIALS Revenue Gross Profit 11% 2% 600 RM 485 mil RM 538 mil 140 RM 126 mil RM 128 mil Malaysia JVs RM19 mil 120 Due to lower contribution from phases near 500 100 completion and recently launched duduk phases 400 80 at Eco Ardence & Eco Horizon 300 60 200 40 EWI RM1
Slide 10: Financial Updates: 1Q FY2024 Financials
FINANCIAL UPDATES 1Q FY2024 FINANCIALS 10% 22% 80 RM 68 mil 80 RM 70 mil RM 62 mil 70 70 RM 57 mil 60 60 50 50 40 40 30 30 20 20 10 10 - - 1Q FY23 1Q FY24 1Q FY23 1Q FY24 PAT (M’sian Operations) excluding Overall PAT increased by 22% as EWI, increased by 10% due to EWI recorded profit in current hig
Slide 11: Investment in EcoWorld International
27% INVESTMENT IN ECOWORLD INTERNATIONAL DIVIDEND DISTRIBUTION MODE TO CONTINUE IN FY2024 Sales Recorded (Feb 2024) RM243 mil • Distributed RM936 mil in dividends FY2023 • EcoWorld Malaysia’s share of FY2023 dividends = RM253 mil • Target to sell out RM850 mil remaining completed stocks (EWI’s effec
Slide 12: Future Revenue as at Feb 2024
FUTURE REVENUE AS AT 29 FEB 2024 EcoWorld Malaysia Future revenue from locked-in sales RM3.84 B RM3.88 billion + (RM3.48 billion as at 31 Oct 2023) EcoWorld This provides: International 1) Clear near & mid-term earnings visibility RM0.04 B 2) Strong cash-flow certainty
Slide 13: Strong Balance Sheet
STRONG BALANCE SHEET TOTAL BORROWINGS & CASH BALANCES Total Borrowings Total Cash & Bank Balances (RM’mil) (RM’mil) 3,317 2,880 2,805 1,336 1,357 2,541 2,505 1,170 785 456 FY20 FY21 FY22 FY23 Jan 24 FY20 FY21 FY22 FY23 Jan 24 Bank borrowings continued to be reduced & total cash & bank balances maint
Slide 14: Strong Balance Sheet + Healthy Cashflow
STRONG BALANCE SHEET + HEALTHY CASHFLOW LOW GEARING Net Cashflow from Operating Activities Net Gearing (RM’Mil) (times) 2.7x PBT of RM92.4 million 0.62 >2X 253 0.44 0.31 0.28 0.25 113 Jan 23 Jan 24 FY20 FY21 FY22 FY23 Jan 24 Strong internally generated cash enabled the Kulai land acquisition (for EB
Slide 15: Landbanking & Future Development
LANDBANKING & FUTURE DEVELOPMENT REMAINING LANDBANK AS AT 29 FEB 2024 Eco North 214 acres 6% FY2023 FY2024 + 411 ACRES + 240 ACRES Eco South 3,454 acres Eco Central +RM2.08B GDV +RM3.88B GDV 1,536 Remaining 1,704 acres acres 49% 45% Landbank seeking to further increase Eco Eco Eco Eco Future Townshi
Slide 16: FY2024 Sales Target
FY2024 SALES TARGET STRONG CASH GENERATION + SUSTAINABLE GROWTH RM3.5 B On track to achieve sales target & improve returns via higher margin or higher yield per sq ft of land developed to continue Sales target set for FY2024 sustaining good dividends to shareholders Eco Rise Eco Eco Business Townshi
Slide 17: Thank You
THANK YOU ECOWORLD