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Strictly Private & Confidential Strictly Private & Confidential Updated: 25/11/2020 WCT Holdings Berhad INVESTOR BRIEFING – 3 rd Quarter 2020
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WCT Holdings Berhad

Feb 03, 2022

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Page 1: WCT Holdings Berhad

Strictly Private & ConfidentialStrictly Private & Confidential

Updated: 25/11/2020

WCT Holdings Berhad

INVESTOR BRIEFING – 3rd Quarter 2020

Page 2: WCT Holdings Berhad

Strictly Private & ConfidentialStrictly Private & Confidential

Financial Highlights

Page 3: WCT Holdings Berhad

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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

Page 4: WCT Holdings Berhad

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

Page 5: WCT Holdings Berhad

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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

Page 6: WCT Holdings Berhad

Strictly Private & ConfidentialStrictly Private & Confidential

Engineering & Construction

Page 7: WCT Holdings Berhad

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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.

Page 8: WCT Holdings Berhad

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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

Page 9: WCT Holdings Berhad

Strictly Private & ConfidentialStrictly Private & Confidential

Property Development

Page 10: WCT Holdings Berhad

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* 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

Page 11: WCT Holdings Berhad

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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

Page 12: WCT Holdings Berhad

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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

Page 13: WCT Holdings Berhad

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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

Page 14: WCT Holdings Berhad

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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

Page 15: WCT Holdings Berhad

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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.

Page 16: WCT Holdings Berhad

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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

Page 17: WCT Holdings Berhad

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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

Page 18: WCT Holdings Berhad

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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)

Page 19: WCT Holdings Berhad

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Adenia Apartment, Bandar Parklands, Klang

Description 181 units of Apartment

Estimated GDV RM 68 million

Launch Date 3Q2021

Future Property Projects

Page 20: WCT Holdings Berhad

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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

Page 21: WCT Holdings Berhad

Strictly Private & ConfidentialStrictly Private & Confidential

Property Investment & Management

Page 22: WCT Holdings Berhad

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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

Page 23: WCT Holdings Berhad

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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

Page 24: WCT Holdings Berhad

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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!

Page 25: WCT Holdings Berhad

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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

Page 26: WCT Holdings Berhad

Strictly Private & ConfidentialStrictly Private & Confidential

Thank You