q4 fy2015 financial report - ecoworld · revenue & gross profit growth fy2015 158,027 417,822...
TRANSCRIPT
PRESENTS
FY2015 RESULTS & BRIEFING
PROFIT AND LOSS STATEMENT AS AT OCT 2015
RM’000 3RD QUARTER ENDED 4TH QUARTER ENDED PERIOD ENDED
31 JUL 2015 31 OCT 2015 31 OCT 2015
Revenue 454,277 681,935 1,712,061
Gross Profit 101,048 168,680 411,898 Gross Profit Margin % 22% 25% 24%
Other Opera<ng Income 5,866 4,585 19,862
Selling & Marke<ng Expenses (34,389) (58,032) (147,249)
Administra<ve Expenses (51,890) (78.196) (190,250)
Finance Costs (4,902) (2,159) (20,343)
Profit before TaxaHon 15,733 34,878 73,918 Taxa<on (6,340) (15,185) (30,062)
Net Profit 9,393 19,693 43,856 Basic Earnings per Share (Sen) 0.41 0.83 2.64
REVENUE & GROSS PROFIT GROWTH FY2015
158,027
417,822 454,277
681,935
39,407
102,763 101,048 168,680
Q1 2015 Q2 2015 Q3 2015 Q4 2015
FY2015 Revenue & Gross Profit by Quarter, (RM'000)
Revenue Gross Profit
SALES ACHIEVED AS AT OCT 2015
PROJECTC
FY2014 FY2015 CUMULATIVE SALES FY2014 – FY2015
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 -‐ 10 31,795 -‐ 14 45,126 -‐ 24 76,921 Eco Sky 1,005 721 565,079 110 87 71,046 1,115 808 636,125
Eco Majes<c 1,370 961 753,202 734 798 810,053 2,104 1,759 1,563,256 Eco Sanctuary -‐ -‐ -‐ 711 422 652,844 711 422 652,844
Sub-‐Total Eco Central 2,375 1,692 1,350,076 1,555 1,321 1,579,070 3,930 3,013 2,929,146 Eco Botanic 1,093 857 996,453 717 410 251,132 1,810 1,267 1,247,585 Eco Tropics 155 275 133,867 750 552 313,075 905 827 446,943
Eco Spring & Summer 842 455 396,631 479 412 402,389 1,321 867 799,020 Eco Business Park I 187 137 309,427 70 57 144,884 257 194 454,310 Eco Business Park III -‐ -‐ -‐ 94 61 101,588 94 61 101,588
Sub-‐Total Eco South 2,277 1,724 1,836,379 2,110 1,492 1,213,068 4,387 3,216 3,049,447 Eco Terraces -‐ -‐ -‐ 233 48 55,972 233 48 55,972 Eco Meadows -‐ -‐ -‐ 295 231 168,407 295 231 168,407
Sub-‐Total Eco North -‐ -‐ -‐ 528 279 224,379 528 279 224,379 Grand Total 4,652 3,416 3,186,455 4,193 3,092 3,016,517 8,845 6,508 6,202,972
ECO CENTRAL REPRESENTED IN ALL PARTS OF KLANG VALLEY
ECO MAJESTIC SALES ACHIEVED IN FY2014 & FY2015
FY2014 FY2015
By Product Type (RM’000)
Units Sold Sales Value
TERRACES
176 151,466
6 5,115
BUNGALOW LOTS
182 156,581
193 174,135
215
201,420
CLUSTER
408
375,556
29
74
SEMI-‐D
103 139,913
961
798
TOTAL
1,759 1,563,256
563
365
928
663,873
387,050
276,823
138
SHOP OFFICE
227,332
138 227,332
753,202
810,053
40,550
99,363
Units Sold Sales Value Units Sold Sales Value Units Sold Sales Value Units Sold Sales Value Units Sold Sales Value
144
144
163,797
163,797
259
259
432,608
432,608
19
19 56,438
56,438
422
422
652,844
652,844
Units Sold Sales Value
BUNGALOW TERRACED VILLA TOTAL SEMI-‐D
ECO SANCTUARY SALES ACHIEVED IN FY2015
FY2015
By Product Type (RM’000)
Units Sold Sales Value Units Sold Sales Value Units Sold Sales Value
ECO SKY SALES ACHIEVED IN FY2014 & FY2015
FY2014 FY2015
By Product Type (RM’000)
617
425,536
721
565,079
104 139,543
79
61,178
8
9,868
87
71,046 696
486,715
112
149,410
808
636,125
Units Sold Sales Value
OFFICE / RETAIL SERVICED APARTMENTS TOTAL
Units Sold Sales Value Units Sold Sales Value
ECO SOUTH REPRESENTED IN ALL PARTS OF ISKANDAR MALAYSIA
ECO BOTANIC SALES ACHIEVED IN FY2014 & FY2015
FY2014 FY2015
By Product Type (RM’000)
111
2
SEMI-‐D
113
201,444
SERVICED APARTMENTS
215 152,603
14
8,297
229
160,901
494,738
CLUSTER
454
25
479
462,439
32,299 857
410
TOTAL
1,267 1,247,585
996,453
251,132
77
35
SHOP OFFICE
112
270,673
183,696
86,977 279
AFFORDABLE HOUSING
43,671
76,158
Units Sold Sales Value
TERRACED VILLA
55
55 76,158
279
43,671
197,715
3,730
Units Sold Sales Value Units Sold Sales Value Units Sold Sales Value Units Sold Sales Value Units Sold Sales Value Units Sold Sales Value
ECO SPRING & ECO SUMMER SALES ACHIEVED IN FY2014 & FY2015
FY2014 FY2015
By Product Type (RM’000)
326
262
588
233,764
198,131
431,895
105
117
222
117,374
141,271
258,645
24
33
57
45,493
62,987
108,480 455
412
867
396,631
402,389
799,020
Units Sold Sales Value
SEMI-‐D TERRACES TOTAL CLUSTER Units Sold Sales Value Units Sold Sales Value Units Sold Sales Value
By Product Type (RM’000) FY2014 FY2015
Units Sold Sales Value
TERRACES
2 3,546 2
1,041
LAND
4 4,587 146
46,963
202
127,257
CLUSTER
348
174,220
29
SEMI-‐D
29 13,223
275
552
TOTAL
827
9
323
332
1,356
163,737
133,867
313,075
165,093
13,223
446,943
25
SHOP OFFICE
21,040 114
89,819
68,779 89
Units Sold Sales Value Units Sold Sales Value Units Sold Sales Value Units Sold Sales Value Units Sold Sales Value
ECO TROPICS SALES ACHIEVED IN FY2014 & FY2015
110
217,972
137
309,427
27 91,454
40
86,174
17
58,710
57
144,884
150
304,146
44
150,164
194
454,310
Units Sold Sales Value
SEMI-‐D FACTORY CLUSTER FACTORY TOTAL
ECO BUSINESS PARK I SALES ACHIEVED IN FY2014 & FY2015
FY2014 FY2015
By Product Type (RM’000)
Units Sold Sales Value Units Sold Sales Value
36
50,339
25
51,249 61
101,588
36
50,339
25
51,249 61
101,588
Units Sold Sales Value
SEMI-‐D FACTORY CLUSTER FACTORY TOTAL
Units Sold Sales Value Units Sold Sales Value
By Product Type (RM’000)
FY2015
ECO BUSINESS PARK III SALES ACHIEVED IN FY2015
ECO NORTH STRONG PRESENCE ON PENANG MAINLAND
Eco Terraces (RM’000) Eco Meadows (RM’000)
ECO TERRACES & ECO MEADOWS SALES ACHIEVED IN FY2015
FY2015
48 55,972
48
55,972
Units Sold Sales Value
APARTMENTS
231
168,407
231
168,407
TERRACES
Units Sold Sales Value
BUKIT BINTANG CITY CENTRE UPCOMING LAUNCH
KL TOWER
BERJAYA TIMES SQUARE
BBCC SITE
The last large prime parcel of city centre real estate poised for urban regenera<on
KLCC
BUKIT BINTANG CITY CENTRE AERIAL VIEW
Fully integrated development incorpora<ng residen<al, retail, offices and entertainment
BUKIT BINTANG CITY CENTRE PROJECT OVERVIEW
RETAIL MALL
STRATA OFFICES
SERVICED APARTMENTS
SIGNATURE TOWER
ENTERTAINMENT HUB
SKY RESIDENCES
5-‐STAR HOTEL
CORPORATE OFFICE
MONORAIL STATION
HOTEL
DESIGNER RESIDENCES
Integrated transit hub that connects the Monorail, LRT and future MRT sta<on to the development
BUKIT BINTANG CITY CENTRE INTEGRATED TRANSIT HUB
INTEGRATED TRANSIT HUB
BUKIT BINTANG CITY CENTRE DESIGN CONCEPT
Grand & me<culously landscaped entrance to BBCC
BUKIT BINTANG CITY CENTRE RETAIL MALL
Cudng-‐edge retail mall as the centrepiece of the development
BUKIT BINTANG CITY CENTRE ENTERTAINMENT HUB
Entertainment hub that includes a Concert hall, Malaysian grand bazaar and Cineplex
FUTURE PROJECTS
ECO MARINA LOCATION MAP
ECO FOREST BUILDING ON THE SUCCESS OF ECO MAJESTIC
• Located 5km to the east of Eco Majes<c • Connected to Cheras Kajang Highway • Connected to SKVE through SILK Highway • Near to North-‐South Expressway, MRR2
and KESAS Highway • Near to UTAR, Nodngham University,
UKM and UPM • Surrounded by recrea<onal areas like
Broga Hills, Semenyih Organic Farm and Ostrich Farm
• 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
ECO GARDENS & ECO BUSINESS PARK V LOCATION MAP
Proposed Interchange to LATAR Expressway
REMAINING LAND BANK & GDV AS AT OCTOBER 2015
PROJECT LAND BANK (ACRES) ESTIMATED
TOTAL GDV (RMbn)
CUMULATIVE SALES (FY2014 – FY2015) (RMbn)
REMAINING GDV
(RMbn) TOTAL UNDEVELOPED
Saujana Glenmarie 25.9 -‐ 0.090(1) 0.077 0.013 Eco Sky 9.6 -‐ 0.974 0.636 0.338
Eco Majes<c 1,073.1 720.0 11.145 1.563 9.581 Eco Forest 492.7 492.7 3.500 -‐ 3.500
Eco Sanctuary 308.7 194.4 8.000 0.653 7.347 BBCC 19.4 19.4 8.782 -‐ 8.782
Eco Gardens 1,679.8 1,679.8 12.513 -‐ 12.513 Eco Business Park V 518.6 518.6 2.747 -‐ 2.747
TOTAL ECO CENTRAL 4,127.8 3,624.8 47.751 2.929 44.822 Eco Botanic 325.1 200.1 3.794 1.248 2.547
Eco Spring & Summer 613.8 433.8 5.870 0.799 5.071 Eco Tropics 743.6 668.6 3.400(1) 0.447 2.953
Eco Business Park I 612.0 423.2 3.799 0.454 3.345 Eco Business Park II 383.6 383.6 3.009 -‐ 3.009 Eco Business Park III 248.0 196.0 2.000 0.102 1.898
TOTAL ECO SOUTH 2,926.1 2,305.3 21.873 3.049 18.823 Eco Terraces 12.8 -‐ 0.430 0.056 0.374 Eco Meadows 76.5 44.2 0.918 0.168 0.750 Eco Macalister 1.1 1.1 0.192 -‐ 0.192 Eco Marina 299.6 299.6 10.000 -‐ 10.000
TOTAL ECO NORTH 390.1 345.0 11.540 0.224 11.315
GRAND TOTAL 7,443.9 6,275.0 81.164 6.203 74.961
TOTAL LAND BANK & GDV AS AT OCTOBER 2015
ECO CENTRAL 47.751 bn
ECO SOUTH 21.873 bn
ECO NORTH 11.540 bn
ECO SOUTH 2,926.1 ACRES
ECO NORTH 390.1 ACRES
ECO CENTRAL 4,127.8 ACRES
7,443.9 Acres
RM81.164 Billion
TOTAL LAND BANK TOTAL GDV (Total EffecEve GDV of RM 75.895 bn)
PROGRESS BILLING STATUS FY2015 AS AT 31 OCT 2015
PROJECT SALES SECURED AS AT 31 OCT 2015 (RMmn)
PROGRESS BILLINGS AS AT 31 OCT 2015 (RMmn)
FUTURE PROGRESS BILLINGS (RMmn)
Saujana Glenmarie 227.5(1) 227.5 -‐ Eco Sky 636.1 124.9 511.3
Eco Majes<c 1,563.3 379.7 1,183.5 Eco Sanctuary 652.8 -‐ 652.8 Eco Forest -‐ -‐ -‐ BBCC -‐ -‐ -‐
Eco Gardens -‐ -‐ -‐ Eco Business Park V -‐ -‐ -‐ Total Eco Central 3,079.8 732.1 2,347.6
Eco Botanic 1,247.6 648.6 599.0 Eco Spring 799.0 239.0 560.0 Eco Tropics 1,767.0(1) 1,543.2 223.8
Eco Business Park I 454.3 328.0 126.3 Eco Business Park II -‐ -‐ -‐ Eco Business Park III 101.6 12.9 88.7 Total Eco South 4,369.5 2,771.8 1,597.8 Eco Terraces 56.0 12.0 44.0 Eco Marina -‐ -‐ -‐
Eco Meadows 168.4 -‐ 168.4 Eco Macalister -‐ -‐ -‐ Total Eco North 224.4 12.0 212.4
Grand Total 7,673.7 3,515.8 4,157.8
(1) Includes pre FY2014 sales secured under Focal Aims Group of RM1,470.7mn
(1) CalculaEon of Shariah compliance raEo (2) Restated for the effects of subdivision of 1 ordinary share of RM1.00 each into 2 ordinary shares of
RM0.50 each pursuant to the share split exercise which was completed on 23 January 2015.
BALANCE SHEET AS AT OCT 2015
RM’000 PERIOD ENDED
31 OCT 2014 31 OCT 2015
No. of Ordinary Shares 253,317 2,364,264
Share Capital 253,317 1,182,132
Shareholders’ Funds 325,861 3,156,875
NA per Share (RM) 0.64 (2) 1.34
Total Cash 43,423 517,176
Total Borrowings 240,675 1,700,345
Net Cash / (Debt) (197,252) (1,183,169)
Gross Debt – Equity Ra<o (x) 0.74x 0.54x
Net Debt – Equity Ra<o (x) 0.61x 0.37x
Return on Equity (%) 2.20% 1.39%
Total Conven<onal Debt / Total Assets (%) (1) 14.41% 18.68%
CONCLUSION
• Sales target of RM4 billion for FY2016 is maintained, anchored by:
• RM4.16 billion unbilled progress billings from sales secured up to
31 October 2015 will contribute to revenue and profits • New sales target of RM4.5 billion set for FY2017 supported by four new
projects to be launched in FY2017
• 11 on-‐going projects primarily in the township and business park segments + new EBP II launch
• 40% share of sales from BBCC • 30% share of sales from EWI
THANK YOU