Megawide Construction Corporation · PSE:MWIDE
Megawide Construction — 9M2022 Earnings Presentation
21 slides from Megawide Construction's earnings presentation, Nov 15, 2022
Slide 1: Reviewed Operating and Financial Results 9M2022
Reviewed Operating and Financial Results 9M2022 15 November 2022
Slide 2: Disclaimer
DISCLAIMER This presentation was prepared solely and exclusively for discussion purposes. This presentation and/or any part thereof may not be reproduced, disclosed or used without the prior written consent of Megawide Construction Corporation (the “Company”). This presentation, as well as discussio
Slide 3: Operating Results – Consolidated Income Statement
OPERATING RESULTS – CONSOLIDATED INCOME STATEMENT In PhP M 9M2022 9M2021 % Revenues 10,688.09 11,080.14 -4% Contract revenues 10,318.70 10,556.04 -2% Trading operations revenues 93.13 10.28 806% Terminal operations revenue 276.26 513.82 -46% Direct costs 9,135.93 9,186.40 -1% Contract cost 8,824.62
Slide 4: Segment Breakdown
SEGMENT BREAKDOWN REVENUE (Pmn) EBITDA (Pmn) NET INCOME / (LOSS) (Pmn) 11,080 10,688 2,246 514 2,230 276 10 152 93 5 428 547 344 10,556 1 107 10,319 2,089 1,811 1 445 452 -9 9M2022 9M2021 9M2022 -102 9M2021 -12 9M2022 9M2021 -19% 7% 1% 3% 96% 93% 81% Construction Merchandising Landport 5 -
Slide 5: Margin Performance
MARGIN PERFORMANCE 9M2022 9M2021 Gross Profit (Loss) Margin 18% 17% Construction 14% 15% Airport Merchandising 40% 24% Terminal Operations 8% 55% EBITDA Margin 22% 18% Construction 20% 17% Airport Merchandising 6% -84% Terminal Operations 55% 83% Net Income (Loss) Margin -8% -4% Construction 4% 4% A
Slide 6: EPC: Pivoting to infrastructure and cycle-resiliency
EPC: Pivoting to infrastructure and cycle-resiliency
Slide 7: Stable Revenue Generation
STABLE REVENUE GENERATION 9M2022 BREAKDOWN QUARTERLY PERFORMANCE (PhP M) Const Solutions 4,783 7% 4,342 3,799 3,792 3,773 3,616 3,572 3,563 3,430 3,421 3,280 3,247 2,568 2,551 EPC 93% 1,062 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20* 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 8
Slide 8: Healthy and More Balanced Order Book
HEALTHY AND MORE BALANCED ORDER BOOK ORDER BACKLOG SEGMENT 100 80.0 90 70.0 80 Residential, 31% Office, Commercial and Industrial, Order Book (PhP B) 68.4 60.0 44% 70 No. of Projects 60.0 58.2 50.0 60 52.4 50 50.1 50 37 41 40.0 40 39.1 30.0 30 32.6 43 38.5 20.0 20 30 10 21 21 21 10.0 Infra and Facil
Slide 9: Future Direction
Future Direction
Slide 10: Malolos Clark Railway Project
Malolos Clark Railway Project 11
Slide 11: Metro Manila Subway Project
Metro Manila Subway Project Est. Cost Package Section Scope (PhpB) 2.98 km with 2 North Ave. to East underground CP 102 17 Ave. stations at Quezon Ave. & East Ave. 6.58 km with 2 East Ave. to underground CP 103 38 Ortigas Ave. stations at Anonas and Katipunan 3.4 km with 2 Awarded to Tobismhima- Ort
Slide 12: North-South Commuter Line
North-South Commuter Line Est. Cost Package Section Scope (PhpB) 1.1km, elevated rail CP S-01 Solis to Blumentritt 13 with 1 station Blumentritt 7.9km, elevated rail, CP S-02 28 to Paco with 3 stations 7.9km, mostly CP S-03A Paco to Nichols elevated rail, 25 with 2 stations 6.1km, at-grade (1.4km) a
Slide 13: Landport Operations
Landport Operations
Slide 14: Industry-Wide Low Occupancy
INDUSTRY-WIDE LOW OCCUPANCY 9M2022 BREAKDOWN QUARTERLY RENTAL REVENUE (in Php M) PFRS 16 -6% Office Commercial 23 30 Retail 20 38% 194 19 45 33 25 116 102 82 71 53 64 Office 68% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 15
Slide 15: Passenger Volume and Spending Boost
Jan-21 52 53 Feb-21 45 Mar-21 Apr-21 26 41 May-21 51 Jun-21 47 Jul-21 28 Aug-21 35 Sep-21 51 Oct-21 Nov-21 62 80 Dec-21 50 Jan-22 60 Feb-22 87 Mar-22 Apr-22 103 AVERAGE DAILY FOOT TRAFFIC (‘000) May-22 Jun-22 113 117 120 Jul-22 Aug-22 123 Sep-22 113 39 Jan-21 Feb-21 36 35 Mar-21 21 Apr-21 35 May-21
Slide 16: Future Direction
Future Direction
Slide 17: Developing An Organic Hub And Spoke Model
Developing An Organic Hub And Spoke Model NORTH LUZON: NORTH LUZON BUILDING PRESENCE SOUTH METRO MANILA: BRT SYSTEM ROLL- OUT CENTRAL SOUTH CENTRAL LUZON: LUZON MM ENHANCING THE EXPERIENCE
Slide 18: North Luzon: Building Presence
NORTH LUZON: BUILDING PRESENCE 19
Slide 19: South Metro Manila: BRT System Roll-out
SOUTH METRO MANILA: BRT SYSTEM ROLL-OUT 20
Slide 20: Central Luzon: Enhancing the Experience
CENTRAL LUZON: ENHANCING THE EXPERIENCE 21
Slide 21: Thank you
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