Mah Sing Group Bhd. · MYX:MAHSING
Mah Sing Group Bhd — Investor Presentation (May 2025)
22 slides from Mah Sing Group Bhd's investor presentation, May 2025
Slide 1: Investor Presentation May 2025
MAY 2025 Investor Presentation
Slide 2: Forward-looking statements
This presentation contains forward-looking statements that involve risks and uncertainties. These statements are based on current expectations, estimates, forecasts, and projections about the industry, markets, and the company itself. Actual results may differ materially from those expressed or impl
Slide 3: Table of Contents
Table of Contents Unique Operating Model Attractive Long-Term Financial Model Strategy & Trends Conclusion
Slide 4: Section 1: Unique Operating Model
Section 1: Unique Operating Model Scalable, Agile, and Resilient Business Model
Slide 5: Unique Operating Model
Unique Operating Model Agile and Scalable Growth Across Market Cycles Strategic Landbanking Efficient land acquisition at optimal land cost-to-GDV ratios Fast project launches within 4-12 months, significantly outperforming industry timelines Speed to Market Execution * Robust contractor network and
Slide 6: Landbanking Excellence
Landbanking Excellence * Strategic landbanking in high-demand locations ° Efficient deal execution with attractive land cost-to-GDV YTD Jan 2025 Year 2024 Year 2023 Year 2022 Year 2021 Year 2019 GDV +RMO.3bn +RM5.8bn +RM5.5bn +RMO.5bn +RM2.1bn +RM1.6bn Land Cost/GDV 11% 7% - 17% 11% - 17% 8% 12% - 1
Slide 7: Industry-Leading Go-To-Market Speed
MahsSing nent Spaces. nance te Industry-Leading Go-To-Market Speed e Launches within 4-12 months of acquisition ¢ Agile to market shifts and consumer needs AZURA Setapak 1 want MAzura, Setapak MZenya Kepong JR / "3, -M Vertica, Cheras Land Deal: Jul-24 Land Deal: Dec-23 Land Deal: Jul-23 Land Deal:
Slide 8: Sustainable Operations & Cost Management
MahsSing nent Spaces. nance te Sustainable Operations & Cost Management * Cost controls maintain affordability despite cost inflation challenges * Innovative construction techniques ensure sustainable, cost-effective development Cost Competitive Amidst Inflation Pressure 19% 19% 18% 18% 18% 17% 17%
Slide 9: Section 2: Attractive Long-Term Financial Model
Section 2: Attractive Long-Term Financial Model Financial Resilience and Performance Excellence
Slide 10: Robust Balance Sheet and Liquidity
Robust Balance Sheet and Liquidity * Low gearing and competitive funding enable flexibility * Strong cash flow and liquidity support growth Healthy Balance Sheet Low Leverage 0.5x 0.33 ‘bn 0.24 025 0.22 o16 §=(0-17 0.08 2019 2020 2021 «2022 «2023-2024 @12025 2019 Net Gearing (times) Strong Cash Flow
Slide 11: Resilient Sales and Earnings Performance
Resilient Sales and Earnings Performance Driven by Strategic Market Positioning and Consistent Execution Historical Sales Trend (RM) 3.4bn 3.0bn 2.5bn 2.4bn SS 2.3bn 2.3bn o4bn 2.360 mvt 1.86n 4.5bn 18bn 1.5bn 1.5bn 1.6bn ro (bn 2010-2011 «=. 2012, «2018-2014 2015-2016 = 2017. «2018 = 2019 2020S 202
Slide 12: Commitment to Rewarding Shareholders
Commitment to Rewarding Shareholders Proven track record of uninterrupted dividend payments 42! 2006 2007 2008 2009 19-Year Uninterrupted Dividend Payments 2010 20" 2012 2024: 4.5sen (2023: 4sen) 2013 43% 43% Minimum 40% policy 2014 2015-2016 Dividend Payout (%) 2017 2018 48% 48% 2019 2020 2021 2022
Slide 13: Section 3: Strategy & Trends
MAstra, Setapak Strategy & Trends Positioned for Long-Term Opportunities
Slide 14: Lifestyle offerings
Lifestyle offerings Extending M-Series Success ¢ Unbeatable combination of Affordability + Quality + Lifestyle ¢ Upgraded M Grand attracts broader demographics S Transit Development Gym with Technogym Ad Co-working space a m Multipurpose hall Olympic length swimming pool From RM450K Location Price T
Slide 15: Market Drivers Shaping Property Demand
MahSing nent Spaces. nance te Market Drivers Shaping Property Demand Key Factors Influencing 2025 Property Resilience Strong support from steady employment, civil servant wage growth, and the flexible EPF Account 3 initiative mitigating cost-of-living challenges Stable Economic Conditions * Full sta
Slide 16: 2025 Key Contributing Projects
MahsSing ein spaces Erne ite 2025 Key Contributing Projects Building on M-Series Momentum and Expanding Market Reach with Upgraded M-Series, “M Grand” M.Nova, Kepong al Meridin East, _=M Grand Minori, Johor Bahru Johor Bahru 2025 Sales Target Price Points Price Points < 500K 500K-700K 700KAM >1M RM2
Slide 17: MSS Business Park, Sepang
MSS Business Park, Sepang Industrial Properties * Positioned for geopolitical and FDI trends ° Building on the proven i-Park series success with MSS Business Park Intemational Property Awards Best Industrial Development in Asia Pacific iParc 3@BukitJelutong 13th Annual Euromoney Property Survey 2017
Slide 18: MSS Business Park plots
• • PLOT 2 PLOT 1 42 acres PLOT 3a3b PLOT 3c
Slide 19: Manufacturing Turnaround
MahsSing Frnt Spon nan Manufacturing Turnaround Healthcare division recovery expected in 2H 2025 Plastics division expanding versatile logistics & warehousing solutions Potential future IPO/spin-off to unlock value Mahsing PLASTICS * Shift to Plastics Pallets: Global transition from wooden to plasti
Slide 20: Section 4: Conclusion
Section 4: Conclusion 20
Slide 21: Delivering Long-Term Value for Stakeholders
Delivering Long-Term Value for Stakeholders Resilient Operating Model Agile and stable growth through market cycles Pei MCicewuiame Expanding residential, mixed commercial, industrial, and data Strategies center developments for recurring income Driving Manufacturing Strengthening non-core segment f
Slide 22: Reinvent Spaces. Enhance Life.
Reinvent Spaces. Enhance Life. [email protected]