Q2 FY2016 RESULTS & BRIEFING 28 JUNE 2016

Transcription

1 Q2 FY2016 RESULTS & BRIEFING 28 JUNE 2016

2 PROFIT AND LOSS STATEMENT AS AT APRIL 2016 RM ST QUARTER ENDED 2 ND QUARTER ENDED PERIOD ENDED 31 JAN APR APR 2016 Revenue 463, ,602 1,078,113 Gross Profit 109, , ,315 Gross Profit Margin % 24% 24% 24% Other Operating Income 5,460 4,381 9,841 Selling & Marketing Expenses (31,794) (22,944) (54,738) Administrative Expenses (49,074) (70,508) (119,582) Finance Costs (3,141) (6,662) (9,803) Profit before Taxation 31,163 51,870 83,033 Taxation (10,492) (17,194) (27,686) Net Profit 20,671 34,676 55,347 Basic Earnings per Share (Sen)

3 FY2016 LAUNCHES FEBRUARY & MARCH 2016 KARISMA APARTMENT LAUNCH SIMFONI APARTMENT LAUNCH SIMFONI APARTMENT LAUNCH Overwhelming response for the first batch of Rumah Selangorku apartments, Simfoni in Eco Majestic, Klang Valley launched on 25 th February Overnight queues for the 750 units of medium-cost apartments, Karisma launched on 6th March 2016 KARISMA APARTMENT LAUNCH

4 FY2016 LAUNCHES MAY 2016 Phase 1 of Eco Sanctuary City in Eco Sanctuary, Klang Valley launched with 88 units of 2 & 3 storey lifestyle shop offices on 16 th May 2016

5 FY2016 LAUNCHES MAY 2016 Overnight queues for the latest launch of Millsgate 20 x 70 double storey terrace homes in Eco Tropics, Iskandar Malaysia on 29 th May 2016

6 SALES ACHIEVED AS AT MAY 2016 PROJECT CUMULATIVE SALES FY2014 FY2015 FY2016 UP TO MAY 2016 CUMULATIVE SALES FY2014 MAY 2016 UNITS LAUNCHED UNITS SOLD SALES VALUE (RM 000) UNITS LAUNCHED UNITS SOLD SALES VALUE (RM 000) UNITS LAUNCHED UNITS SOLD SALES VALUE (RM 000) Saujana Glenmarie , ,921 Eco Sky 1, , ,417 1, ,542 Eco Majestic 2,104 1,759 1,563,256 1,111 1, ,984 3,215 2,826 1,894,240 Eco Sanctuary , ,724 1, ,568 Sub-Total Eco Central 3,930 3,013 2,929,146 1,589 1, ,125 5,519 4,354 3,616,271 Eco Botanic 1,810 1,267 1,247, ,645 1,904 1,389 1,358,230 Eco Tropics , ,523 1,443 1, ,466 Eco Spring & Summer 1, , ,231 1,377 1, ,251 Eco Business Park I , , ,838 Eco Business Park III , , ,128 Sub-Total Eco South 4,387 3,216 3,049, ,466 5,193 3,913 3,632,913 Eco Terraces , , ,497 Eco Meadows , , ,916 Sub-Total Eco North , , ,413 Grand Total 8,845 6,508 6,202,972 2,395 2,089 1,315,626 11,240 8,597 7,518,597

7 UPCOMING LAUNCHES 2016

8 BUKIT BINTANG CITY CENTRE UPCOMING LAUNCH LEFT: PHASE 1 STRATA OFFICES 45 STOREYS TOTAL UNITS: 347 BUILT-UP: 917 1,152 SQ. FT. RIGHT: PHASE 1 SERVICED APARTMENTS 47 STOREYS & 33 STOREYS TOTAL UNITS: APPROX. 680 BUILT-UP: SQ. FT.

9 ECO BUSINESS PARK II UPCOMING LAUNCH The Group s latest freehold gated & guarded business park in the Senai Corridor, Iskandar Malaysia

10 ACQUISITION STRATEGY & LAND BANK OVERVIEW BY SEGMENTS

11 ACQUISITION STRATEGY Focus on growth regions only: Klang Valley, Iskandar Malaysia and Penang Ensure strong representation in key growth corridors in each growth region Target to achieve proportionate representation in mass / upgrader / aspirational / luxury and high rise markets as well as being supported by Eco Business Park segment Latest acquisitions Eco Gardens & Eco Business Park V 2,198 acres in Klang Valley (Announced on 22 nd September 2015) Eco Ardence 534 acres in Klang Valley (Announced on 9 th June 2016) Eco Horizon 375 acres in Batu Kawan, Penang (Announced on 28 th June 2016)

12 SEGMENTAL BREAKDOWN KLANG VALLEY PROJECTS MASS / UPGRADER Eco Majestic Eco Forest Eco Gardens LUXURY / ASPIRATIONAL Eco Sanctuary Eco Ardence INTEGRATED COMMERCIAL / HIGH RISE Eco Sky BBCC Klang Valley is the most important region for development. With the addition of Eco Ardence, the Group s Klang Valley GDV will grow to over RM56 billion BUSINESS PARKS Eco Business Park V ACREAGE 3, % OF KLANG VALLEY ACREAGE 70.0% 18.2% 0.6% 11.2% GDV (RMbn) bn bn 9.756bn 2.747bn % OF TOTAL KLANG VALLEY GDV 48.3% 29.5% 17.3% 4.9%

13 SEGMENTAL BREAKDOWN ISKANDAR MALAYSIA PROJECTS MASS / UPGRADER Eco Spring Eco Summer Eco Tropics LUXURY / ASPIRATIONAL INTEGRATED COMMERCIAL / HIGH RISE Eco Botanic - Iskandar Malaysia continues to be an essential region for growth with the focus on mass / upgrader segments as well as being strongly supported by our business parks BUSINESS PARKS Eco Business Park I Eco Business Park II Eco Business Park III ACREAGE 1, ,243.6 % OF ISKANDAR MALAYSIA ACREAGE 46.4% 11.1% % GDV (RMbn) 9.270bn 3.794bn bn % OF TOTAL ISKANDAR MALAYSIA GDV 42.4% 17.3% %

14 SEGMENTAL BREAKDOWN PENANG PROJECTS MASS / UPGRADER Eco Meadows Eco Horizon Eco Sun LUXURY / ASPIRATIONAL INTEGRATED COMMERCIAL / HIGH RISE With the addition of Eco Horizon, the Group firmly establishes itself on Penang Mainland, in particular the up and coming Batu Kawan Corridor - Eco Terraces Eco Macalister BUSINESS PARKS ACREAGE % OF PENANG ACREAGE 97.0% - 3.0% - GDV (RMbn) 8.680bn bn - % OF TOTAL PENANG GDV 93.3% - 6.7% - -

15 LATEST ACQUISITIONS

16 ECO GARDENS & EBP V LOCATION MAP LAND INFO SPA Tenure Leasehold Land Area (Acres) 1, Total Land Area (Acres) 2, Purchase Price (RMbn) 1.18bn Price per sq ft (RM) RM12.34 Estimated GDV (RMmn) 15,260.6mn Land Cost to GDV (%) 7.7% Development Tenure 15 Years Proposed(Interchange( to(latar(expressway( The Lands are approximately 45km from Kuala Lumpur City Centre Well connected to major urban centres such as Kota Damansara, Shah Alam and Sungai Buloh Highway access via LATAR Expressway, North-South Expressway and Guthrie Expressway Also accessible via major roads - Jalan Batu Arang / Persiaran Mokhtar Dahari, Jalan Meru Tambahan and Jalan Kuala Selangor Lands will be enhanced with the West Coast Expressway (WCE) slated to complete by 2018

17 ECO ARDENCE LOCATION MAP LAND INFO Lot Number PT20090 PT 8 PT 9 Tenure Freehold Land Area (acres) Total Land Area (acres) Agreed Land Price (RMbn) 1.29bn Price per sq ft (RM) RM55.57 Estimated GDV (RMmn) 8,583.8mn Land Cost to GDV (%) 15.1% Development Tenure 15 Years 534 acres of prime freehold land along the central spine of the Klang Valley Strata landed development with gated & guarded security Eco-friendly development designs

18 ECO HORIZON LOCATION MAP LAND INFO Project Eco Horizon Eco Sun Tenure Leasehold Land Area (acres) Total Land Area (acres) Purchase Price (RMmn) Price per sq ft (RM) Estimated GDV (RMmn) 875.2mn RM ,761.7mn Land Cost to GDV (%) 11.3% Development Tenure 10 Years

19 ECO HORIZON SURROUNDING DEVELOPMENTS Excellent connectivity to major highways, namely the North-South Highway and 2 nd Penang Bridge Prime location with education hub within the Batu Kawan vicinity Surrounded by matured industrial parks that provide ready employment Growing population catchment INTERNATIONAL&GOLF&COURSE& LEBUHRAYA&& BANDAR&CASSIA&(40M)& ECO&MARINA& 2 ND &PENANG&BRIDGE& CRESCENTIA& PARK& HIJAUAN& AFFORDABLE& HOUSING& VILLA&TANJUNG&PERMAI& PITP& DEDAUN&BUNGALOW&& VILLAGE& PENANG&& DESIGNER& VILLAGE& KDU& UNIVERSITY&OF&HULL& PENANG&STATE&& STADIUM& ASPEN& VISION&CITY& VITROX& HONDA& SEAGATE& SANDISK& VAT& BOSE& HAEMONETICS& AUTOMOTIVE&LIGHTING& NORTH:SOUTH& HIGHWAY& Mixed&Development&Zone& Industrial&Zone& Township&Development& Industrial&Park& Educa<on&&&Sports&Facili<es& &

20 FUTURE LAUNCH

21 ECO FOREST LOCATION MAP LAND INFO Tenure Freehold Total Land Area (acres) Purchase Price (RMmn) 225.3mn Price per sq ft (RM) RM10.50 Estimated GDV (RMmn) 3,500.0mn Land Cost to GDV (%) 6.4% Development Tenure 8 Years Connected to Cheras Kajang Highway Connected to SKVE through SILK Highway Near to UTAR, Nottingham University, UKM and UPM Surrounded by recreational areas like Broga Hills

22 LAND BANK OVERVIEW TOTAL GDV BY LOCATION & MARKET SEGMENT PENANG BILLION (10.6%) KLANG VALLEY BILLION (64.4%) BUSINESS PARKS BILLION (13.2%) MASS / UPGRADER BILLION (51.5%) ISKANDAR MALAYSIA BILLION (25.0%) RM Billion INTEGRATED COMMERCIAL / HIGH RISE BILLION (11.9%) LUXURY / ASPIRATIONAL BILLION (23.4%) RM Billion GDV BY LOCATION LOCATION ACRES % KLANG VALLEY 4, % ISKANDAR MALAYSIA 2, % PENANG % GRAND TOTAL 8, % GDV BY MARKET SEGMENT LOCATION ACRES % MASS / UPGRADER 5, % LUXURY / ASPIRATIONAL 1, % INTGD COMMERCIAL / HIGH RISE % BUSINESS PARKS 1, % GRAND TOTAL 8, %

23 MANAGING BALANCE SHEET FOR GROWTH

24 5-PRONGED STRATEGY JV development to secure access to strategic land bank & extend market reach; BBCC (EW stake 40%) & Eco Ardence (EW stake 50%) Partnership for growth model to invite strategic investors to take up direct equity at project level announced 22 nd September 2015 Proposed 25% Private Placement of up to 591,066,319 new ordinary shares is expected to raise gross proceeds of up to RM million announced 28 th April 2016 Fast-tracking project execution to achieve 1 st handover to free-up cash flow commenced FY2016 Exploring issuance of non-dilutive hybrid securities to further strengthen balance sheet for growth

25 REMAINING LAND BANK & GDV AS AT MAY 2016 PROJECT LAND BANK (ACRES) ESTIMATED TOTAL GDV CUMULATIVE SALES REMAINING GDV TOTAL UNDEVELOPED (RMbn) (FY2014 MAY 2016) (RMbn) (RMbn) Saujana Glenmarie (1) Eco Sky Eco Majestic 1, Eco Forest Eco Sanctuary BBCC Eco Gardens 1, , Eco Business Park V Eco Ardence TOTAL ECO CENTRAL 4, , Eco Botanic Eco Spring & Summer Eco Tropics (1) Eco Business Park I Eco Business Park II Eco Business Park III TOTAL ECO SOUTH 2, , Eco Terraces Eco Meadows Eco Horizon Eco Macalister TOTAL ECO NORTH GRAND TOTAL 8, , (1) Based on remaining GDV as at start of FY2014

26 PROGRESS BILLINGS STATUS AS AT MAY 2016 PROGRESS BILLINGS STATUS PROJECT SALES SECURED AS AT PROGRESS BILLINGS AS AT FUTURE PROGRESS BILLINGS (RMmn) (RMmn) (RMmn) Saujana Glenmarie (1) Eco Sky Eco Majestic 1, ,226.6 Eco Sanctuary TOTAL ECO CENTRAL 3, , ,695.6 Eco Botanic 1, Eco Spring & Summer Eco Tropics 1,954.5 (1) 1, Eco Business Park I Eco Business Park III TOTAL ECO SOUTH 4, , ,559.2 Eco Terraces Eco Meadows TOTAL ECO NORTH GRAND TOTAL 8, , ,510.7 (1) Includes pre FY2014 sales under Focal Aims of RM1,470.7mn

27 CONCLUSION Sales target of RM4 billion for FY2016 is maintained and on track, anchored by 11 on-going projects primarily in the township and business park segments Upcoming launches include Eco Business Park II BBCC, of which EcoWorld Berhad has a 40% stake EW Bhd will be subscribing a minimum 20% and up to 30% stake in EWI upon its listing and will proportionately recognise EWI s sales based on EW Bhd s stake in EWI RM4.51 billion unbilled progress billings from sales secured up to 31 May 2016 will contribute to revenue and profits Sales target of RM4.5 billion maintained for FY2017

28 THANK YOU