38 TH Annual General Meeting 13 December 2017 CORPORATE PRESENTATION

Size: px

Start display at page:

Download "38 TH Annual General Meeting 13 December 2017 CORPORATE PRESENTATION"

Marsha Osborne
5 years ago
Views:

1 38 TH Annual General Meeting 13 December 2017 CORPORATE PRESENTATION

2 Outline 1. Corporate Profile 2. Corporate Segment 3. Financial Highlights (5 years trend) Numbers of Glance Sales Trend Revenue Trend Gross Profit Trend Profit After Tax Trend Gearing & Cash flow Trend 5. Key Milestone 6. Current Presence 7. Land Banks 8. Key Focus Project Update (2018 & Beyond)

3 Corporate Profile PROPERTY Listed on the main board of Bursa Malaysia in Paid up capital of RM1.2 Billion. Built over 47,768 homes across Central and Northern regions. Remaining Land Bank of over 4,900 acres for development. A diversified portfolio of residential and commercial properties, award winning resorts and education. LEISURE & HOSPITALITY EDUCATION

4 Corporate Segment MODEL 1 : MASTER DEVELOPERS MODEL 2: OTHERS A AFFORDABLE HOUSING SCHEME NICHE TO HIGH RISE MID TO HIGH END B INDUSTRY D C LEISURE & HOSPITALITY EDUCATION Damansara Perdana Damansara Damai Taman Bunga Raya Cyberia, Cyberjaya A B Meru Perdana Klebang Putra Langkawi Lagoon Bandar Baru Gunung Semanggol Bandar Technopolis Perdana C D Bukit Merah Lake Town Resort Kuala Melaka Inn Ombak Villa Lake View College

5 FINANCIAL HIGHLIGHTS

6 Numbers at Glance Total Sales for FY 2017 : RM252.8 mil. Total Revenue for FY 2017 : RM192.4 mil. Net Profit Registered for FY 2017 : RM18.1 mil. Unrecognised Revenue (Lock in Sales) as at 30 th June 2017 : RM172.1 mil. Launched Project GDV in FY 2017 : RM317.9 mil. Total Potential GDV of Remaining Land Banks : > RM16.0 Bil.

Significant contributors include: 270,918 397,201 252,813 Rafflesia, Armanee Terrace (Block

7 5-Year Financial Highlight Sales Trend Sales Trend RM 000 Total property development sales recorded in FY2017 was RM252.8 mil. Significant contributors include: 270, , ,813 Rafflesia, Armanee Terrace (Block B) and Residensi in Central region; and Klebang Putra and Meru Perdana in Northern region 123,137 87,152 FY 13 FY 14 FY 15 FY 16 FY 17

5-Year Financial Highlight Revenue Trend Lower revenue registered in FY2017 as compared to FY2016 mainly due to later commencement of construction for Residensi Suasana@Damai Property

Rafflesia B1 in Central region and three (3) phases of residential development in Meru Perdana 2 & Klebang Putra in Northern region) Unrecognised revenue for FY2017 stood at RM172.

8 5-Year Financial Highlight Revenue Trend Lower revenue registered in FY2017 as compared to FY2016 mainly due to later commencement of construction for Residensi Property development accounted for 87% of the total revenue in FY2017 as compared to FY2016 of 90% (Higher revenue contribution in FY2016 is also due to completion of Armanee Terrace (Block B) & Rafflesia B1 in Central region and three (3) phases of residential development in Meru Perdana 2 & Klebang Putra in Northern region) Unrecognised revenue for FY2017 stood at RM172.1 mil Revenue Trend RM 000 Property Development Resort & Education 488, , ,239 44,250 37,004 45, ,063 29, , , , , ,360 25, ,578 FY 13 FY 14 FY 15 FY 16 FY 17

FY2016 due to lower revenue recognised during the year.

9 5-Year Financial Highlight Gross Profit Trend Gross Profit Trend RM 000 Property Development Resort & Education 208,853 Lower FY2017 s gross profit for property development as compared to FY2016 due to lower revenue recognised during the year. 176, ,930 31,859 38, , ,819 17, , ,268 13, , ,695 11, ,898 FY 13 FY 14 FY 15 FY 16 FY 17

5-Year Financial Highlight Profit After Tax ( PAT ) Trend PAT in FY2017 increased by 11% as compared to FY2016 65,698 Profit After Tax RM 000 Higher PAT in FY2017 as compared to FY2016 mainly due to:

10 5-Year Financial Highlight Profit After Tax ( PAT ) Trend PAT in FY2017 increased by 11% as compared to FY ,698 Profit After Tax RM 000 Higher PAT in FY2017 as compared to FY2016 mainly due to: 40,345 53,963 Increase in Other Income by RM21.1 mil in FY2017 (Reversal of accrued LAD for Terrace (Block B) of RM20.1 mil) Armanee 16,328 18,133 Reduction in Other Expenses by 35% in FY2017 (Impairment of inventories and provision of LAD in FY2016) FY 13 FY 14 FY 15 FY 16 FY 17

Cash Flow Trend RM 000 5-Year Financial Highlight Gearing Ratio & Cash Flow Trend As at 30 June 2016, our Cash and Cash Equivalent stood at RM87.

11 Cash Flow Trend RM Year Financial Highlight Gearing Ratio & Cash Flow Trend As at 30 June 2016, our Cash and Cash Equivalent stood at RM87.0 mil 207,290 Strong financial position with shareholders funds of RM1.2 billion and low gearing level of 4.7% MK Land is currently conserving its cash position for investment activities as well financing our on-going and projects in the pipeline 13.7% 110, % 151, , % 87, % 4.7% FY 13 FY 14 FY 15 FY 16 FY 17 Gearing Ratio Trend

12 Key Milestones ( ) MoU Signing Between MK Land & CIDB FEB 2015 CIDB Excellence Award- The Best Infrastructure Project 2 MAC 2016 Ruby, Meru Perdana Launched in Apr 2016 Laketown Adventure Park, Bukit Merah Laketown Resort Launched in Jul 2016 Cyberia Smart Homes Handed Over Strata In Jul 2016 MoU Signing Ceremony on Urban Park 1 Jul Brand Laureate Real Estate Property Award ( ) Utusan Business Award 2015 Industry Excellence in Hospitality Mar 2016 Residensi Launched in Jul 2016 Platinum & Sapphire Klebang Putra Handed Over in Oct 2016 Asian Lifestyle Tourism Awards 2017, Singapore Aug 2017

13 CURRENT PRESENCE & KEY FOCUS 2018

14 Current Presence Langkawi PROPERTY DEVELOPMENT Perak RESORT EDUCATION Selangor Kuala Lumpur

15 Current Presence Central& Northern Ombak Villa Kuala Melaka Inn Langkawi Lagoon Bukit Merah Lake Town Langkawi Perak Bandar Technopolis Perdana Lake View College Meru Perdana Damansara Damai Damansara Perdana Taman Bunga Raya Setiawangsa Bukit Merah Resort Klebang Putra Cyberjaya

16 Land Banks No Description Type of Development Land Area (ac) 1 Damansara Perdana Mixed development Damansara Damai Mixed development Cyberia, Cyberjaya Mixed Development Taman Bunga Raya Mixed Development Bukit Merah Laketown Mixed Development 1, Klebang Putra 1, Ipoh Mixed Development Klebang Putra 2, Ipoh Mixed Development Meru Perdana 1 Mixed Development Meru Perdana 2 Mixed Development Bandar Teknopolis Perdana Mixed Development 2, Langkawi Lagoon Mixed Development Setiawangsa Mixed Development TOTAL 4, POTENTIAL GDV > RM16B

17 Key Focus 2018 Building our Brand Stabilizing Finances Launching New Products Selling or Buying Land and Creating Joint Ventures Building the Team Rebranding - Discover, Strategise, Create & Activate Communication roll-out Inventory clearance Cost reduction - Potential reduction of COGS - Rationalization of OPEX focusing on controllable items Fast turn around development Market-driven products Value for customers Getting priorities right - Potential disposal of land with no immediate development potential Selecting the preferred development partners Human capital enhancement - High performance culture - Knowledge management - Succession planning & key talent management Organization restructuring

18 PROJECT UPDATE (2018 & BEYOND)

19 VIDEO PRESENTATION

HATTEN LAND LIMITED. Shaping the Future, Melaka and Beyond. FY2017 Results. Corporate Presentation 17 August 2017

HATTEN LAND LIMITED. Shaping the Future, Melaka and Beyond. FY2017 Results. Corporate Presentation 17 August 2017 HATTEN LAND LIMITED Shaping the Future, Melaka and Beyond FY2017 Results Corporate Presentation 17 August 2017 Disclaimer Information in this presentation may contain forward-looking statements that reflect