(Company No.: 7867-P)
Corporate Presentation
FY22 Corporate Update & Financial Results
29 September 2022
Engines Twin by Powered
IR Adviser
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FINANCIAL PERFORMANCE
Operations Review | Growth Strategies | Financial Highlights | Investment Merits | Appendix |
Performance for packaging and property development segments largely maintained in FY2022 despite challenging external circumstances…
Group quarterly revenue breached RM1 billion revenue markfor first time
Packaging segment registered firm demandfrom domestic and export markets
Launched RM1.2 billionnew properties in FY22, comprising 4,097 homes across six states in Peninsular Malaysia
Volatile global resin prices, and higher construction materials and operating costsimpacted FY2022 profitability
Achieved ESG milestone with inclusion in FTSE4Good Bursa Malaysia Index
EXECUTIVE SUMMARY
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Operations Review | Growth Strategies | Financial Highlights | Investment Merits | Appendix |
FY22 topline growth driven by higher packaging sales… property development revenue largely sustained as construction progress pick up
Revenue by segment | |
❖ | Packaging revenue rose 14.8% in FY22 on firm demand in domestic |
and export markets | FY21 | FY22 | |||
❖ Property development revenue reduced 3.5% on deferred authorities' | 32% | 28% | |||
approvals for certain scheduled launches; delays in receiving | |||||
Certificate of Completion & Compliance for projects in Johor and | 68% | ||||
Melaka due to materials shortage for power supply infrastructure | 72% | ||||
Packaging | |||||
Group revenue | Property development | ||||
RM'm | +9.0% yoy | ||||
3,519 | 3,656 | 3,985 | |||
3,247 | |||||
2,403 | 2,603 | ||||
FY17 | FY18 | FY19 | FY20 | FY21 | FY22 |
Revenue Performance
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Operations Review | Growth Strategies | Financial Highlights | Investment Merits | Appendix |
FY22 operating profit impacted by higher costs faced by packaging and property development segments…
❖FY22 operating profit | declined 6.5% | due | to rising raw | material | and | Operating profit by segment | ||
FY21 | FY22 | |||||||
operating costs for packaging segment; lower property development | ||||||||
42% | ||||||||
revenue and increased costs for construction materials and labour | 58% | |||||||
42% | 58% | |||||||
Group operating profit | Packaging | |||||||
Property development | ||||||||
RM'm | ||||||||
-6.5% yoy | ||||||||
549.5 | 600.3 | 561.0 | ||||||
461.8 | ||||||||
325.1 | 357.4 | |||||||
FY17 | FY18 | FY19 | FY20 | FY21 | FY22 |
Profit Performance
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