For Investors Financial Information

Highlights:

Year To Date (Aug 2020 - July 2021)
The Group's earnings grew at 56% year-to-year to RM588.3 million, compared with previous year's RM376.5 million due to stronger construction and property earnings as works picked up pace given rigorous COVID-19 measures adopted by the Group.

The Group posted a full year revenue of RM5.0 billion. The construction division delivered a solid earnings performance, with construction earnings jumped 46% to RM253.0 million due to higher earnings contribution from MRT Putrajaya Line (with its first phase opening by mid-November 2021).

Property sales jumped 32% more than last year as overseas sales (Vietnam and Singapore) contributed two-thirds of the group sales. Sold RM2.9 billion worth of properties this year.

Current Quarter (May 21 - July 21)
The Group posted quarterly earnings of RM214.1 million compared with last year's quarterly loss of RM12.5million.

Comparison with immediate Preceding Quarter's results
The Group posted quarterly earnings of net profit of RM214.1 million, an increase of 51% compared to the immediate preceding quarter net profit of RM141.8 million, due to stronger construction and property earnings.

Other highlights
With strong COVID-19 measures in place which has helped the continuity of its business-critical operations, it is anticipated that next year's performance will be smooth sailing and driven by:

• Overseas and home ground property sales.
• The continued progress of MRT Putrajaya Line gearing up for Phase 2 completion.
• The resilience of the Group is underpinned by its construction order book of RM4.5 billion and unbilled property sales totalling RM4.6 billion which see it through the next two years.
• The Group has a healthy balance sheet with low gearing of 0.2 times and a strong cash position.

Gamuda Australia Outlook
We are actively bidding for the multibillion worth of projects in Australia. We have been shortlisted for these tenders:

• AUD2.5 billion (RM7.5 billion) Sydney Metro West - Western Tunnelling Package. Package outcome is extended to Q1, 2022.
• AUD2.5 billion (RM7.5 billion) Western Sydney Airport Metro line (Station Box and Tunnelling package); outcome expected Dec 2021.

The Group's net profit more than tripled to RM141.83 million, led by stronger profitability of construction, property and toll concession businesses.

Quarterly revenue rose by 10% from RM1 billion to RM1.1 billion. The biggest revenue contributor was the construction segment at RM507.3 million. The revenue from the property business has doubled to RM468.4 million.

Property sales jumped by 83% with overseas sales, especially Vietnam and Singapore contributing two-thirds of overall sales. The property division sold RM2.2 billion worth of properties in the first three quarters of this year compared with RM1.2bil in the same period last year.

Gamuda Australia is actively bidding for projects and has been shortlisted for these tenders:

• AUD5 billion (RM15 billion) Sydney Metro West Project (Central and West packages); SMW Central package outcome expected Q3, 2021, while SMW West package outcome is expected in Q4, 2021.
• AUD2.5 billion (RM7.5 billion) Western Sydney Airport Metro line (Station Box and Tunnelling package); outcome expected Q4, 2021.

The Group's resilience will be underpinned by its construction order book of RM4.9 billion and unbilled property sales totalling RM4 billion, which will last through the next two years. It has a healthy balance sheet with a gearing level of below 0.3 times.

Gamuda Green Plan, a comprehensive road map charts tangible goals based on ESG dimensions set for the next 5 years, with an extended view to 2030 and beyond. The Group is committing to circular construction with specific steps to reduce corporate direct and indirect greenhouse gas emission intensity by 30% in 2025 and by 45% in 2030.

The Group's financial performance continued to be resilient despite the reimposition of movement restrictions in most parts of Malaysia. Net profit declined by 30% to RM123.12 million from RM175.17 million a year earlier due to the pandemic effects. Quarterly revenue fell 38% to RM1.38 billion from RM2.22 billion in the previous year's corresponding quarter (This is based on Group revenue including share of joint venture companies' revenue).

The pace of construction and property projects was returning to pre-movement restriction level due to the Group's rigorous Covid-19 measures on all work fronts. Moving forward, the resilience of the group is underpinned by its construction order book of RM5.5 billion* and unbilled property sales totalling RM3.6 billion which will see it through the next two years.

The Group has a healthy balance sheet with a prudent gearing of 0.3 times. The Company's 60%-owned SRS Consortium Sdn Bhd has on 25 March 2021 entered into a 70:30 Project Development Joint Venture with Penang State Government for the development of Island A of the Penang South Islands.

* excluding Penang reclamation works which will be determined after verification by an Independent Consulting Engineer appointed by the Penang State Government

The Group's financial performance continues to be resilient despite the re-imposition of conditional movement control order in most parts of Malaysia at the tail-end of this quarter.

The Group recorded a net profit of RM109.28 million for the first quarter of its financial year ended October 31, 2020.

This is 37% lower compared with the previous corresponding quarter's pre Covid-19 net profit of RM173.62 million.

Revenue was RM1.5 billion, 16% lower than RM1.8 billion recorded in the same quarter a year ago. Overseas sales, especially Vietnam and Singapore, continued to spearhead the group's property division; contributing two-thirds of overall sales.

The construction order book is at RM6.1 billion and unbilled property sales of RM3.2 billion, for the next two years.

The Group has a balance sheet with a gearing of 0.3 times.

Works at all construction and property projects have gradually picked up pace while traffic plying the expressways were returning to pre-movement restrictions level.

The Group anticipates performance of its current financial year to be driven by overseas property sales in Vietnam and Singapore and continued progress of the MRT Putrajaya Line.

New orderbook is premised on two major job prospects - Penang South Islands and Australia, amounting to RM10 billion.