Slide 1: Powered by Twin Engines: 2Q22 Corporate Update & Financial Results
(Company No.: 7867-P) Powered by Twin Engines Corporate Presentation 2Q22 Corporate Update & Financial Results 16 March 2022 IR Adviser
Slide 2: Financial Performance
Powered by Twin Engines FINANCIAL PERFORMANCE
Slide 3: Revenue Performance
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix 1H22 revenue grew 10% from firm packaging demand… ❖ Packaging revenue up 14.0% in 1H22 on higher industrial and Revenue by segment consumer packaging sales to domestic and export markets 1H21 1H22 ❖ Property developm
Slide 4: Profit Performance
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix 1H22 operating profit impacted by higher raw materials and freight cost in consumer packaging segment and timing differences from property CCC issuance… Operating profit by segment ❖ 1H22 operating profit declined pr
Slide 5: Cash Flow
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Operating cashflow still healthy even after CAPEX for packaging machinery and property landbanking... Net cash from operations Net cash used in investing activities 1H21 1H22 RM’m 715 700 557 380 392 323 338 330 FY16
Slide 6: Income Statement Summary
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Intact demand even in challenging environment… bottomline temporarily affected by external circumstances 2Q22 2Q21 Change RM'mil 1H22 1H21 Change Remarks 952.0 906.5 5.0% Revenue 1,880.2 1,708.8 10.0% • 1H22 revenue
Slide 7: Balance Sheet (Highlights)
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Balance sheet expands on CAPEX for new landbanks…Gearing remains at comfortable level As at As at Balance Sheet (RM ‘000) Remarks 31.01.2022 31.7.2021 Property, Plant & Equipment 1,419,838 1,382,668 Increase in machi
Slide 8: Packaging Review
Powered by Twin Engines PACKAGING REVIEW
Slide 9: Segment Performance: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Exports remained the main revenue contributor in 1H22… margins reflect external force pressures Operating Operating Profit Revenue Profit Operating Profit Margin Revenue Overseas RM’m Malaysia RM’m (by geography) 10.
Slide 10: Growth Plans: Packaging
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix 2Q22 operating profit weaker YoY due to higher raw material and freight cost… revenue remained resilient on firm demand for industrial and consumer packaging Revenue Operating Profit (Quarterly) (Quarterly) 575.8 549
Slide 11: Growth Plans: Packaging
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix Building Asia’s first robotics stretch film plant… Robotics Stretch Film Plant • To commence operations in 2H CY2022 • Fully automated operations to significantly improve manufacturing efficiency an
Slide 12: Property Development Review
Powered by Twin Engines PROPERTY DEVELOPMENT REVIEW
Slide 13: Segment Performance: Property Development
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Property development revenue remained stable… Revenue Operating Profit Operating Profit (Annual) (Annual) Operating Margin RM410m GDV launched in 1H22 RM’m RM’m +0.6% 28.8% 31.0% 33.0% 32.2% 30.8% 29.8% 28.5% 27.6% •
Slide 14: Operations Review: New Property Launches
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Scientex Jasin… affordable freehold landed property in Melaka 2-storey terrace houses Launched development in Jasin (158-acre) • Launched in December 2021 • 235 units 2-storey terrace house • GDV of RM41.8 million Ta
Slide 15: Operations Review: New Property Launches
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Scientex Bandar Jasin… affordable freehold landed property in Melaka 2-storey terrace houses Launched development in Bandar Jasin (1,357-acre) • Launched in January 2022 • 192 units 2-storey terrace house • GDV of RM
Slide 16: Operations Review: Land Acquisitions
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Latest land acquisition brings landbank in Ipoh to 320 acres… Acquired land in Ipoh • Entered into agreement to acquire 219-acre freehold land in Klebang, Ipoh on 30 December 2021, from Legend Status Sdn Bhd • Purcha
Slide 17: Growth Strategies: Property Development
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix Continuing ambitious landbanking and cross-border growth strategy... Completed as at Jan’ 2022 (2,511 acres) 1 Cheras, Selangor: 139 acres, RM96.6 mil Peninsular Malaysia As at As at 2 Kundang Jaya
Slide 18: Growth Strategies: Property Development
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix Aiming to provide high-quality, reasonably priced homes to meet Malaysia’s growing need for affordable housing… Vision 2028 Growth Strategies ❖ To deliver 50,000 affordable ❖ Implementing cost optim
Slide 19: Investment Merits
Powered by Twin Engines INVESTMENT MERITS
Slide 20: Investment Merits
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Twin growth engines with further potential to expand... attractive proxy to the burgeoning packaging sector and Malaysia’s affordable property market Regional leader in total solutions for packaging Valuations @ 14 M
Slide 21: Dividend History
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Kept dividend policies even in high-growth model… paid total dividends of 9 sen in respect of FY2021 RM’m Dividend History 74.0% 49.2% 48.0% 49.8% 52.1% 36.6% 36.1% 35.9% 31.4% 28.7% 28.8% 32.1% 33.4% 31.7% 30.7% 30.
Slide 22: Thank You
Powered by Twin Engines Thank You Contacts: • Ms. Choo Pooi Luen plchoo@scientex.com.my T: 03-5524 8888/03-5519 1325 • Ms. Julia Pong julia@aquilas.com.my T: 03-2711 1391