Post on 03-Feb-2022
Strictly Private & ConfidentialStrictly Private & Confidential
Updated: 25/11/2020
WCT Holdings Berhad
INVESTOR BRIEFING – 3rd Quarter 2020
Strictly Private & ConfidentialStrictly Private & Confidential
Financial Highlights
Strictly Private & Confidential Page 2
E&C PD PI&M Consolidated
RM’mil RM’mil RM’mil RM’mil
Revenue from external customers 296.6 86.1 40.7 423.4
Profit from operations 36.9 14.6 20.1 71.6
Share of results of associates 3.1
Share of results in joint ventures 0.5 (2.4) (7.3) (9.2)
Finance costs (29.1)
Taxation (11.8)
Profit after taxation 24.6
Holders of Perpetual Sukuk (24.3)
Non-controlling interest 1.6
Net profit 1.9
Segmental Results Q3 2020 (3 months)
E&C – Engineering & Construction Division
PD – Property Development Division
PI&M – Property Investment & Management Division
Strictly Private & Confidential Page 3
E&C PD PI&M Consolidated
RM’mil RM’mil RM’mil RM’mil
Revenue from external customers 803.8 229.6 128.1 1,161.5
Profit from operations 40.8 64.1 61.4 166.3
Share of results of associates 9.0
Share of results in joint ventures 0.9 (7.1) (6.7) (12.9)
Finance costs (92.7)
Taxation (22.7)
Profit after taxation 47.0
Holders of Perpetual Sukuk (42.5)
Non-controlling interest 4.7
Net profit 9.2
Segmental Results YTD 2020 (9 months)
E&C – Engineering & Construction Division
PD – Property Development Division
PI&M – Property Investment & Management Division
Strictly Private & Confidential Page 4
Debt to Equity (DE) Ratio
As at
30 Sep 2020
RM’mil
As at
31 Dec 2019
RM’mil
Total bank borrowing 2.8 3.1
Cash & bank balances & FD (0.6) (0.6)
Net borrowings 2.2 2.4
Shareholders equity (including Perpetual
Sukuk & NCI)
3.9 3.7
Gross DE Ratio 0.72 0.83
Net DE Ratio 0.57 0.66
Strictly Private & ConfidentialStrictly Private & Confidential
Engineering & Construction
Strictly Private & Confidential Page 6
Outstanding Order Book as at 30 September 2020
Expected
Completion*
Outstanding
RM’mil
TRX, Kuala Lumpur (infra & roadway works) 2020 55
Pan Borneo Highway (66km highway from Sungai Arip Bridge to Bintulu Airport Junction) 2022 554
West Coast Expressway (Shah Alam Expressway Interchange to NKVE/FHR2 Interchange) 2022 119
Elevated Highway (Sprint Highway/Jalan Maarof to Jalan Semantan) 2021 135
MRT2 V204 & S204
(viaduct guideway, stations, associated works - Bandar M’sia South to Kg. Muhibbah)
2022 197
LRT3 GS03 & GS02
(guideway, stations, park & ride, ancillary buildings & other associated work)
2022 587
Jetty extention of Sapangar Bay Oil Terminal 2022 92
Total – Local Civil & Infrastructure 1,739 (34%)
Pavilion Damansara Heights - Phase 1 (Superstructure) 2022 1,509
Pavilion Damansara Heights - Phase 2 (Superstructure) 2023 1,200
Retail Mall, TRX – TP02 (Superstructure and façade and blockworks) 2022 269
Retail Mall, PNB 118 (51% share) 2022 306
Others 2020 71
Total – Local Buildings 3,355 (65%)
Lusail Project, Qatar 2021 47 (1%)
Total External Projects 5,141 (100%)
Total Internal Projects - (0%)
Grand Total 5,141 (100%)
* Subject to change.
Strictly Private & Confidential Page 7
List of Tenders Submitted/Pending Submission (as at 6 November 2020)
RM’ mil
Local - Civil & Infrastructure > 6,000
Local – Building Works > 4,000
Total > 10,000
Strictly Private & ConfidentialStrictly Private & Confidential
Property Development
Strictly Private & Confidential Page 9
* Q1 : Including land sale with revenue of RM25 million and profit before
taxation of RM22 million.
2020 Revenue
Total Unbilled Sales
(30 Sept 2020)
2020 Profit Before Tax
2020 Property Sales
(8 Nov 2020)
Q1 : RM123 mil
Q2 : RM26 mil
Q3 : RM93 mil
Q4 : RM37 mil (as at 8 Nov 2020)
Pending SPA : RM147 mil (as at 8 Nov 2020)
Q1 : RM74 mil*
Q2 : RM70 mil
Q3 : RM86 mil
Total : RM230 mil
Q3 : RM94 mil
RM108 mil (as at 8 Nov 2020)
Unsold Completed Inventories
(8 Nov 2020) RM796 mil (as at 8 Nov 2020)
Property Development - Snapshot
Q1 : RM13 mil*
Q2 : RM15 mil
Q3 : RM4 mil
Total : RM32 mil
Strictly Private & Confidential Page 10
123 mil
149 mil
242 mil
278 mil
168 mil184 mil
283 mil
430 mil
0 mil
100 mil
200 mil
300 mil
400 mil
500 mil
1Q20 2Q20 3Q20 8-Nov-20
SALES TAKE-UP
Property Development – 2020 Sales & Take-up Performance
MCO
(18 Mar – 3 May)
CMCO
(4 May – 9 Jun)
RMCO
(10 Jun – 13 Oct)
+ 99 mil
CMCO
(14 Oct – 6 Dec)
+ 147 mil
Strictly Private & Confidential Page 11
Property Development – Y-O-Y Quarterly Sales Performance
14 mil
57 mil
155 mil
322 mil
123 mil
149 mil
242 mil
0 mil
100 mil
200 mil
300 mil
400 mil
Q1 Q2 Q3 Q4
2019 2020
MCO
(18 Mar – 3 May)
CMCO
(4 May – 9 Jun)
RMCO
(10 Jun – 13 Oct)
CMCO
(14 Oct – 6 Dec)
+ 7
80%
+ 1
61%
+ 5
6%
3Q20 : + 56% (RM 87mil) by corresponding quarter (3Q19), despite pandemic impact since 18 Mar 20
CUMULATIVE
Strictly Private & Confidential Page 12
845 mil820 mil
767 mil
696 mil
0 mil
200 mil
400 mil
600 mil
800 mil
1,000 mil
3Q19 4Q19 1Q20 2Q20 3Q20
Property Development – Clearing of Completed Inventories
796 mil
+ RM100mil (90 units) unsold Waltz (completed end 2Q20)
752 mil
Completed Inventories (excl. Waltz) reduced by 15% until to date
8 Nov 20
Strictly Private & Confidential Page 13
Completed Inventories (as at 08 November 2020)
TYPE LOCATION BAL UNIT(S) BAL NDV (RM’ mil)
1 Semi-Ds & Bungalows Klang 9 17
2 Offices Klang 19 52
3 Affordable Apartments (RSKu) Klang 54 12
4 Service Apartments Klang 40 30
5 Service Apartments Shah Alam 129 83
6 Service Apartments Kelana Jaya 262 302
7 Condominiums OUG 90 100
8 Service Apartments Medini 251 200
TOTAL = 854 796
Strictly Private & Confidential Page 14
Sales Strategies
1. Amplify Online Marketing & Virtual Expo to improve leads
a) Digital marketing (Facebook, Youtube, website, property platforms, online advertisements)
b) Asia Virtual Property Expo (AVPE by Property Guru)
2. Launching of WCT Virtual Sales Gallery
a) Interactive online sales experience with guided tour and 360 Virtual Show Units
3. Enhancing Contactless Sales Procedures & SPA Signing
a) Live chat guidance throughout sales bookings, payment & subsequent execution of SPA
4. Attractive sales incentives
a) Participate in HOC 2020/2021 (Stamp Duty exemption for MOT < RM 1mil & LA < RM 2.5mil)
b) Easy entry package
5. Explore potential collaboration with Investment Groups
6. Campaigns & Schemes for the reduction of properties’ (completed) holding costs
a) Test-Stay, Rent to Own, Sales with Tenancy Novation etc.
Strictly Private & Confidential Page 15
On-going Property Projects
Aronia Apartment, Bandar Parklands, Klang
Description 320 units of Rumah
SelangorKu (RSKu) Apartment
Estimated GDV RM80 million
Launch Date June 2019
Current Sales Take-up 43%
Exp. Completion June 2021
Paradigm Residence, Johor Bahru
Description 263 units of Service
Apartment
Estimated GDV RM184 million
Launch Date September 2019
Current Sales Take-up 70%
Exp. Completion June 2022
Strictly Private & Confidential Page 16
Future Property Projects
Maple Residences, W City OUG @ KL
Description 940 units of Condominium
Estimated GDV RM940 million
Launch Date 1 Nov 2020
(Tower A, 303 units)
2Q2021
(Tower B, 295 units)
GDV = RM 11bil
Total Resi Units = 12,500
Esti. Population = 46,000
Dev Period = 10 – 15 yrs
Strictly Private & Confidential Page 17
Hilltop 2, Mont Kiara, Kuala Lumpur
Description 341 units of Condominium
Estimated GDV RM660 million
Launch Date 3Q2021
Future Property Projects
W City JGCC @ JB
Description 971 units of Service Apartment
Estimated GDV RM510 million
Launch Date 4Q2021 (Tower A, 482 units)
Strictly Private & Confidential Page 18
Adenia Apartment, Bandar Parklands, Klang
Description 181 units of Apartment
Estimated GDV RM 68 million
Launch Date 3Q2021
Future Property Projects
Strictly Private & Confidential Page 19
Land Bank (future development and for sale as at 08 November 2020)
LOCATION DEVELOPMENT TYPE LAND AREA (ac.)
1 W City OUG @ KL Mixed 63
2 W City JGCC @ JB Mixed 10
3 Mont Kiara, KL Residential 3
4 Bukit Tinggi 1,2 & 3, Klang Mixed 103
5 Medini Iskandar, Johor Mixed 39
6 Sungai Buaya, Selangor Integrated Township 602
7 Inanam, Kota Kinabalu Residential 22
TOTAL = 842
Strictly Private & ConfidentialStrictly Private & Confidential
Property Investment & Management
Strictly Private & Confidential Page 21
Retail Malls
Bandar Bukit Tinggi,
Klang
Paradigm Mall, Petaling Jaya gateway@klia2, Sepang Paradigm Mall, Johor Bahru Subang Skypark
Occupancy rate 100% 96% 91% 95% 92%
Opening Year 2007 2012 2014 2017 Acquired Apr18
WCT Ownership 100.0% 70.0% 70.0% 100.0% 60.0%
Retail Lettable
Area
1,000,950 sq ft
GLA670,000 sq ft 382,000 sq ft 1,287,000 sq ft 85,000 sq ft
No. of Car Parks 3,305 3,218 5,690 3,384 553
Selected Tenants
Strictly Private & Confidential Page 22
Retail Malls
WCT Malls are offering great value to all of you with our
Vouchers Bonanza Sales*! 20% Off with minimum purchase
of RM200 WCT Buddy e-voucher at participating malls
including Paradigm Mall PJ, Paradigm Mall JB,
gateway@klia2 & Subang Skypark, happy shopping! This
bonanza sales only until 31 Dec 2020 and voucher validity
period is 3 months upon confirmation or payment.
For WCT buddy sign up process, please
click: https://wctmyproxy.memgate.com/Signup
Click here to check out the participating
outlet(s): http://paradigmmall.com.my/loyalty.aspx
*Voucher shown is for illustration purpose only, actual voucher may vary.*Subject to availability on a first come, first served basis, while stocks last.
WCT Vouchers Bonanza Sales 2020
Strictly Private & Confidential Page 23
Retail Malls
Come and support food ordering from WCT e-shop now and don’t miss
out the promo code of RM5 OFF when you place order at participating
outlets, Paradigm Mall Petaling Jaya!
How to make purchases via WCT e-shop?
Step 1: Browse the page - Shoppers can visit and browse through
www.wct-eshop.com.my and select either the home delivery or self-
pickup.
Step 2: Sign up - Shoppers need to identify whether they are WCT
Buddy Members or non-members to login and browse WCT e-shop.
Step 3: Select the store and shop! Shoppers need to select the store
to search all products and in-store inventories. Based on their interest
and choice they can add their shortlisted items to their shopping cart.
Step 4: Review the order - Once the items have been added to the
shopping cart, shoppers need to select their preferred date and time for
delivery or in-store pick-up.
Step 5: Payment- Shoppers will need to accept the terms and condition
before making the payments. Once the payment is completed, they will
receive their confirmation via email.
Visit WCT E-SHOP at www.wct-eshop.com.my and the official pages of
WCT malls to learn more information about the activities and
promotions!
Strictly Private & Confidential Page 24
Retail Malls
Portfolio Member Base
12,157
As at 18 Nov 2020
63.0%
37.0%
120
3,964 4,327
2,529
769 322 126
-
1,000
2,000
3,000
4,000
5,000
Below 17 18-30 31-40 41-50 51-60 61 above UNKNOWN
Age Group Distribution
New Members This Month
713
Strictly Private & ConfidentialStrictly Private & Confidential
Thank You