mtd acpi engineering berhad

MTD ACPI ENGINEERING BERHAD Company No. 199301004099 (258836-V)

(Incorporated in Malaysia)

Summary of Key Matters Discussed at the Twenty-Seventh Annual General Meeting of MTD ACPI Engineering Berhad (“MTD ACPI” or “Company”) held at the Registered Office of the Company at Menara MTD, 1, Jalan Batu Caves, 68100 Batu Caves, Selangor Darul Ehsan on Wednesday, 30 September 2020 at 9.30 a.m.

PRESENT : Shareholders / Proxies

(As listed in the attendance sheet)

1.0 OPENING REMARKS BY CHAIRMAN OF THE MEETING

Dato’ Ir. Kalid bin Alias, presided as Chairman of the meeting (“Dato’ Chairman”). Dato’ Chairman welcomed all shareholders, proxies, invitees and the Board of Directors (“Board”) present to the Twenty-Seventh Annual General Meeting of MTD ACPI (“27th AGM” or “the Meeting”). Dato’ Chairman proceeded to introduce all members of the Board, CEO, Company Secretaries, management team of the Company (“Management”) as well as, External Auditors, Messrs. BDO PLT, Poll Administrator from Mega Corporate Services Sdn. Bhd. and Independent Scrutineers from Mega Business Consultancy Division.

2.0 QUORUM

The presence of quorum pursuant to Article 66 of the Constitution of the Company was confirmed by the Company Secretary.

The Company Secretary informed that:

(a) As at 23 September 2020, the cut-off date for determining members who were entitled to attend, vote and speak at this Meeting, the Company has a total of 4,457 shareholders and the total issued shares stood at 230,995,798 MTD ACPI shares;

(b) The shareholders and proxies present at the 27th AGM at 9.30 a.m. were as follows.

1. Shareholders : A total of 15 shareholders representing 115,118 MTD ACPI shares or 0.02% of the total MTD ACPI shares; and

2. Proxies : A total of 7 proxies representing 156,599,509 MTD ACPI shares or 67.61% of the

total MTD ACPI shares were lodged within the stipulated time. Dato’ Chairman called the Meeting to order after confirming that the requisite quorum was present.

3.0 NOTICE OF MEETING

Dato’ Chairman with the permission of the Meeting declared that the Notice convening the Meeting dated 28 August 2020 be taken as read.

MTD ACPI ENGINEERING BERHAD Summary of Key Matters Discussed at the Twenty-Seventh Annual General Meeting held on 30 September 2020 /7

4.0 VOTING AND ADMINISTRATIVE MATTERS

Dato’ Chairman informed that the annual general meeting (“AGM”) is a principal forum for dialogue with shareholders, and all shareholders were invited to raise queries regarding the Company’s operations, agenda and resolutions to be tabled at the Meeting. Dato’ Chairman further informed that pursuant to paragraph 8.29 of Bursa Malaysia Main Market Listing Requirements, all resolutions set out in the notice will be put to the vote by way of poll, as follows. (a) Each and every motion requires a proposer and seconder from the floor. A motion has to be

proposed before it is opened to the members for discussion. (b) All proposers and seconders are required to give their full name before they propose or

second a motion, for record of minutes purpose. (c) Each member who is present in person or proxy or corporate representative is entitled to

vote and shall have one (1) vote for each share he/she holds. (d) Voting will take place after deliberations for all resolutions as set out in the Notice of

Meeting. (e) The Poll Administrator would brief on the conduct of the e-polling process before

commencement of voting.

5.0 PRESENTATION ON MTD ACPI GROUP’S HIGHLIGHTS

Dato’ Chairman invited Mr. Tee Kim Siew (“Mr. Tee”), CEO of the Company to present MTD ACPI Group’s highlights for financial year 2020 (“Presentation”). Mr. Tee shared the Presentation, a copy is annexed to this Minutes marked as “Annexure I” and briefed on the following salient points. 1. Introduction of Key Senior Management of MTD ACPI Group.

2. Comparison on the financial highlights for the financial year ended 31 March 2019 with that

of 31 March 2020, which include revenue, pre-tax loss, loss per share, net assets per share, shareholders’ fund and financial highlights on Civil Engineering & Construction Division and Manufacturing Division of MTD ACPI Group.

3. Updates on Civil Engineering & Construction Division comprised of the following:

3.1 Project Updates:

a. Projects pursued in financial year ended 31 March 2020 and status update on projects awarded

b. Balance Order Book


3.2 On-going projects in 2020 as at 31 August 2020 (RM948 million in value) including: a. Chuping Valley Industrial Area (CVIA) Perlis under NCIA b. KVMRT Sungai Buloh – Putrajaya Line Package V208 c. LPT2 – Pavement Rehabilitation KM413 –KM417 Ajil, Terengganu d. Residensi 7, Taman Sutera Kajang, Selangor e. Taman Tasik Utama, Ayer Keroh, Melaka, Phase 20A

3.3 Potential projects being pursued in financial year ending 31 March 2021

(RM1.18 billion in value) including: a. Central Spine Road (CSR) Package 4A – Kg Relong – Raub b. Phase 23 , Taman Tasik Utama, Ayer Keroh, Melaka c. Lebuhraya Kota Bharu – Kuala Krai Package 2C & 3A Kok Lanas – Bukit Tiu d. East Coast Rail Link (ECRL) Subgrade Section 4 – Package 1 e. Directional Ramp Senai Desaru Expressway (SDE), Johor f. Pembinaan Kem 13 Briged Infantri Tentera Darat, Lahad Datu, Sabah (ESSCOM)

4. Updates on Manufacturing Division comprised of the following:

4.1 Job Updates

a. Jobs Pursued in financial year ended 31 March 2020 and status update on jobs secured

b. Additional jobs secured in financial year ended 31 March 2020 c. Balance Order Book

4.2 On-going Jobs as at 31 August 2020

a. Privatization of Lebuhraya Persisiran Pantai Barat (WCE) b. Damansara-Shah Alam Elevated Expressway (DASH) and Sungai Besi-Ulu Klang

Elevated Expressway (SUKE) c. Flood Irrigation – Sg. Tok Jiring, Terengganu d. 1PRIMA Housing, Cherating, Pahang e. Pasar Payang Complex, Kuala Terengganu f. East Klang Valley Expressway (EKVE) g. Riverfront Residences, Hougang, Singapore h. T250 Track work Thompson MRT Line, Singapore i. T250A Track work Thompson Line, Singapore j. Prefabricated Prefinished Volumetric Construction (PPVC) for Public Housing

Development at Sengkang, Singapore

4.3 Potential Jobs Pursued in financial year ending 31 March 2021 including: a. Commercial Development Seberang Prai, Penang b. LRT3, Selangor c. Kinrara-Damansara Highway, Selangor d. Malacca International Cruise Terminal, Melaka e. Pasir Akar Housing, Besut, Terengganu f. Solar Project at Merchang, Terengganu g. Terengganu Bypass, Terengganu h. East Coast Rail Link (ECRL), Terengganu i. Mixed Development, Temerloh, Pahang j. Purifier Building, Singapore, Singapore k. Cross Island (5 Packages), Singapore


5. Impact of Movement Control Oder implemented by the Government and Mitigation

There being no question raised after the presentation, Dato’ Chairman thanked Mr. Tee and informed that the Minority Shareholder Watchdog Group did not raise any question or issue any letter to the Company in relation to the 2020 Annual Report of the Company. Dato’ Chairman conveyed that the Board and Management recommended the shareholders/proxies to vote in favour of all the nine (9) ordinary resolutions to be tabled, and then proceeded with the business on the agenda to be transacted at the Meeting.

6.0 AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020 TOGETHER WITH THE REPORTS OF THE DIRECTORS AND AUDITORS THEREON

The Company’s Audited Financial Statements for the financial year ended 31 March 2020 together with the Reports of the Directors and Auditors were tabled to the Meeting pursuant to the provision of Section 340(1) of the Companies Act 2016. Dato’ Chairman highlighted that the Company’s Audited Financial Statements for the financial year ended 31 March 2020 together with the Reports of the Directors and Auditors would not be put for voting as it was meant for discussion and the approval of the shareholders was not required. Dato’ Chairman then invited questions from the floor on the Audited Financial Statements for the financial year ended 31 March 2020 together with the Reports of the Directors and Auditor.

There being no question raised, Dato’ Chairman declared: “That the Audited Financial Statements for the financial year ended 31 March 2020 together with the Reports of the Directors and Auditors thereon be and are hereby received.” Dato’ Chairman adjourned the Meeting at 10.16 a.m. for e-polling.

7.0 POLL RESULTS

The polling results of the AGM were as follows:

Resolution Vote For Vote Against Result

No. of Shares % No. of Shares %

Ordinary Business

Ordinary Resolution 1 To approve the payment of Directors’ fees and allowance of up to an aggregate amount of RM300,000 payable for the period from 1 October 2020 until the next AGM of the Company to be held in 2021.

156,783,609 100.0000 0 0 CARRIED


Resolution Vote For Vote Against Result

No. of Shares % No. of Shares %

Ordinary Resolution 2 To re-elect Keith George Cowling who retires by rotation in accordance with Article 86 of the Constitution of the Company.

156,783,609 100.0000 0 0 CARRIED

Ordinary Resolution 3 To re-elect Dato' Ir. Wan Razali bin Wan Muda who retires by rotation in accordance with Article 86 of the Constitution of the Company.

156,783,609 100.0000 0 0 CARRIED

Ordinary Resolution 4 To re-appoint Messrs. BDO PLT as Auditors of the Company until the conclusion of the next AGM and to authorise the Directors to fix their remuneration.

156,783,609 100.0000 0 0 CARRIED

Special Business

Ordinary Resolution 5 To retain Nik Din bin Nik Sulaiman as an Independent Non-Executive Director of the Company.

156,783,609 100.0000 0 0 CARRIED

Ordinary Resolution 6 To retain Dato’ Ir. Kalid bin Alias as an Independent Non-Executive Director of the Company.

Tier-1 88,000,000 100.0000 0 0 CARRIED

Tier-2

68,783,609 100.0000 0 0 CARRIED

Ordinary Resolution 7 Authority to Issue and Allot Shares Pursuant to Sections 75 and 76 of the Companies Act 2016.

156,783,609 100.0000 0 0 CARRIED

Ordinary Resolution 8 Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.

218,200 100.0000 0 0 CARRIED

Ordinary Resolution 9 Proposed Shareholders’ Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature.

218,200 100.0000 0 0 CARRIED


8.0 QUESTIONS AND ANSWERS

At this juncture, Encik Anuar bin Abdul (“Encik Anuar”) (shareholder) introduced himself as a former employee of MTD ACPI, and disclosed as follows: (a) He had refinanced his housing loan to pay for MTD ACPI shares entitled under the

employees’ share option scheme (“ESOS”) in 2008 at RM2.60 per share, as he was confident that the investment would generate profit considering that the Company’s business was good at that time. Now, the share price is only 24 sen for each MTD ACPI share.

(b) At that time, the Company’s business was good and there were challenges in increasing production at the Batang Kali and Seremban factory to meet delivery of the orders received.

(c) The Company had not paid dividend for many years and the previous dividend received were of minimal amount. He hoped the Company could improve its performance, to generate profits and returns to its shareholders in the near future, to let shareholders have more confidence in MTD ACPI.

(d) He sought explanation and measures to be undertaken by the Company in addressing the

following concerns:

(i) The reason the Company continued to be in loss position for the past years; (ii) Why MTD ACPI shares has been trading at very low price; (iii) Why the Company has not paid dividend over the past years; and (iv) Whether he could get returns for his investment considering he had lost money

investing in MTD ACPI shares. Dato’ Chairman advised that the Board shared the pain of shareholders. The Board and Management are putting a lot of effort into ensuring continuous profitability for the Group however, could not give assurance to shareholder that the Group will be in profitable position in the next financial year, due to various challenges which had impacted the Company’s financial performance.

Upon invitation by Dato’ Chairman, Mr. Tee provided the following information / explanation as requested by Encik Anuar:

(a) The Manufacturing Division reported losses due mainly to the slower take-up of finished

products by key customers arising from the slower progress on their project sites. This has taken up storage space at the factories and has affected production scheduling. Coupled with the escalation in raw materials cost, labour and operating overheads, these have impacted the bottom line significantly.

(b) To address the escalation in raw material costs, labour and operating overheads the Management continuously look at ways to improve productivity and efficiency and have taken cost containment measures. Manufacturing Division had downsized its operations to three (3) factories. MTD ACPI has disposed of its factories, as part of MTD ACPI group wide rationalization exercise, to facilitate repayment of bank borrowing and for working capital purposes. With existing three (3) factories, the production capacity has been reduced.


(c) The Batang Kali factory that was erected on the 49 acre land was mainly for the production of Segmental Box Girder (SBG). Manufacturing Division has not had any SBG orders for some time. The capacity at the existing three (3) factories are sufficient to produce and meet the orders received from clients. Nevertheless, the Management would explore the opportunities available, including realizing the value of the investment in the land.

(d) The construction industry is highly competitive and margins are being squeezed. Construction Division do not have a large job order book and our main focus has been to get new jobs to replenish the order book. The Company’s Construction Division is a civil engineering and construction company and jobs are mainly government infrastructure projects. The Construction Division continues to pursue as many tenders as possible.

(e) Some of the Group’s losses are attributed to Company’s overseas ventures. There are many challenges for the Group to expand its business organically. The Board has also looked into mergers and acquisition (M&A) as another strategy to turnaround the Group’s financial position.

(f) In July 2019, the Company entered into a Heads of Terms Agreement (“HOT”) for the proposed acquisition of a construction company from Putrajaya Perdana Berhad and a property development company from Putra Perdana Development Sdn Bhd. The proposed acquisitions were intended to improve its earnings and financial performance and strengthen its balance sheet. The HOT was extended for a further six (6) months in October 2019. In February 2020, the parties signed a Termination Agreement and the proposed acquisitions exercise were aborted.

There being no further queries, Dato’ Chairman thanked Encik Anuar for raising his concerns and advised that the current market scenario is unlike those days. The Company’s performance was badly affected by the challenging market environment, difficulty to secure projects due to stiff competition in the market and low delivery due to slow progress at project sites of clients. The Board and Management are trying their very best to improve the performance of the Company for financial year ending 2021.

9.0 CLOSE OF MEETING

Dato’ Chairman then declared the 27th AGM of the Company closed. On behalf of the Board and Management of the Company, Dato’ Chairman thanked all members for their attendance. The Chairman also took the opportunity to thank everyone, Board members and Management team for their continued support and contribution to the Company.

On behalf of the Board and Management of the Company, Dato’ Chairman apologized to the members for not being able to provide refreshment at the Meeting as a preventive measure to curb the spread of Covid-19 virus and wished everyone to stay safe and healthy. There being no other business to be transacted, the Meeting concluded at 10.57 a.m. with a vote of thanks to Dato’ Chairman.

Annexure I

Corporate Information

• Financial Highlights • Financial Highlights by Division

Financial Highlights

Project Updates• Projects Pursued in FYE 2020• Status Update• Balance Order Book

On-going Projects 2020Potential Projects Pursued in FYE 2021

Civil Engineering & Construction

• Key Senior Management Job Updates•Jobs Pursued in FYE 2020•Status Update•Additional order secured in FYE 2020•Balance Order book

On-going Jobs 2020Potential Jobs Pursued in FYE 2021

Manufacturing01

02

03

04

Impact of MCO and Mitigations05

CORPORATE INFORMATION

KEY SENIOR MANAGEMENT

TEE KIM SIEWChief Executive Officer

AHMAD TARMIZI ISMAIL

General Manager, Head,

Construction Division

General Manager,

Business Development

MAHADZIR HASSAN @ MD. HASSAN

Assistant General Manager,

Head, Manufacturing Division

VIJAYARAJ A/L GOVINDARAJOOAZIAH MUSTAPA

General Manager, Head,

Finance & Treasury Division

FINANCIAL HIGHLIGHTS

FINANCIAL HIGHLIGHTS

2020 2019

REVENUE RM226.31 Mil RM249.82 Mil

PRE-TAX (LOSS) (RM20.31) Mil (RM1.38) Mil

LOSS PER SHARE (9.0) sen (2.0) sen

NET ASSETS PER SHARE

RM0.34 RM0.40

SHAREHOLDERS’FUND

RM65.28 Mil RM78.34 Mil

Lower Revenue:

• Slower progress in the KVMRT208 projects (two

stations)

• Rescheduling of product deliveries due to slower site

progress in the SUKE and DASH projects

• Late project commencements

Pre-tax loss

• Lower profit contribution from construction

(KVMRT208 project and Residensi 7, Taman Sutera,

Kajang)

• Lower revenue and higher production cost and

overheads in manufacturing

• Adjustment made on an amount due from

subcontractor on a completed project

FYE 2020FYE 2019

CivilEngineering &Construction

ManufacturingCivil

Engineering &Construction

Manufacturing

Revenue 187.3 62.5 172.4 53.9

Profit/ (Loss) 15.4 -26.9 6.4 -6.9

-50

0

50

100

150

200

RM

MIL

LIO

N

RM MILLION

Civil Engineering & Construction Division

• Lower revenue and lower profit due to slower

construction progress (KVMRT208 and building projects

in Taman Sutera, Kajang)

• The higher profit in 2019 includes final profit recognition

from completed projects (KVMRT V7, Putra Terminal Car

Park projects and fourth lane widening)

FINANCIAL HIGHLIGHTS BY DIVISIONS

• Lower revenue recognition from SUKE, DASH & WCE

(prestressed beam) and MRT Thomson Line, Singapore

(cable trough & walkway components)

• Late project commencements (EKVE, PRIMA

Cherating, Thompson Line T250A, Singapore)

• Improvement in YOY loss due to better cost

containment and lower MFRS 9 adjustments

Manufacturing Division

PROJECT UPDATES BY

CIVIL ENGINEERING & CONSTRUCTION

East Coast EconomicRegion (ECER)Package 3B & 3CGua Musang, KelantanRM200 million

East Coast Rail Link (ECRL)

Pahang – Terengganu

RM300 million

Central Spine Road (CSR)Package 4C & 4D- Kg Relong – Raub, Pahang- RM420 million

Upgrading of Sultan Ahmad

Shah Bridge Temerloh,

Pahang

RM150 million

LPT2 – Pavement RehabilitationKM413 –KM417 Ajil, TerengganuRM9 million

Sabah Pan Borneo HighwaySindumin – Tawau (2 packages)RM900 million

Chuping Valley Industrial Area(CVIA), Perlis under NCIA*RM184 million

Kedah Rubber City (KRC),Padang Terap, Kedahunder NCIARM128 million

BORNEO

PAN

SASBT

ECRL

LPT2

CVIA

KRC

ECER

CSR

* NCIA : Northern Corridor Implementation Authority

PROJECTS PURSUED IN FYE 2020

TOTAL : RM2.30 Billion

East Coast EconomicRegion (ECER)Package 3B & 3CGua Musang, KelantanRM200 millionUnsuccessful

East Coast Rail Link (ECRL)Pahang – TerengganuRM300 millionDeferred

Central Spine Road (CSR)Package 4C and 4D– Kg Relong – Raub, PahangRM420 millionUnsuccessful

Upgrading of Sultan AhmadShah Bridge Temerloh,PahangRM150 millionPending result

LPT2 – Pavement RehabilitationKM413 –KM417 Ajil, TerengganuRM9 millionAwarded in November 2019

Sabah Pan Borneo HighwaySindumin – Tawau (2 packages)RM900 millionDeferred to RMK12

Chuping Valley Industrial Area(CVIA), Perlis under NCIARM184 millionAwarded in June 2020

Kedah Rubber City (KRC),Padang Terap, Kedahunder NCIARM128 millionUnsuccessful

PAN

BORNEO

SASBT

ECRL

LPT2

CVIA

KRC

CSR

Deferred (RM1.20 B)Successful (RM193 M) Unsuccessful (RM748 M)Pending (RM150 M)Legend :

ECER

STATUS UPDATE

RM468 M(82%)

RM100 M(18%)

RM568 Million

Civil & Infrastructure Works Building Works

BALANCE ORDER BOOK FYE 2019 & 2020

2019 2020

RM407 Million

Civil & Infrastructure Works Building Works

RM61 M

(14.93%)

RM346 M

(85.07%)

MRT V208

KVMRT Sungai Buloh – Putrajaya Line Package V208Value : RM679 millionProgress : 60%Expected completion : July 2021

ON GOING PROJECTS 2020 ( as at 31 August 2020)

- Civil & Infrastructure

PPVC

LPT2 – Pavement Rehabilitation KM413 –KM417Ajil, TerengganuValue : RM9 million Progress : 85%Expected completion : September 2020LPT2

CVIA

Chuping Valley Industrial Area (CVIA) Perlis under NCIAValue : RM184 millionProgress : 3%Expected completion : May 2022

Total Contract Value : RM872 Million

Executed to Date : RM419 Million

Balance : RM453 Million

Earthwork in progress

• CVIA is part of Northern Corridor Economic

Region (NCER) which covers development

plan for Perlis, Kedah, Penang and Perak.

• MTDC secured a 2-year contract of RM184m

for the Chuping Valley Industrial Area (CVIA)

Phase 1 project in June 2020.

• The project will provide 50 industrial lots over

400 acres land of various sizes with

infrastructure (roads, lightings, water supply

and sewerage treatment.

CVIA PHASE 1

Residensi 7, Taman Sutera KajangSelangorValue : RM106 millionProgress : 61%Expected completion : March 2021

ON GOING PROJECTS 2020 ( as at 31 August 2020)

- Building

PPVC

TAMANSUTERA

TAMANTASIK

UTAMA

Taman Tasik Utama, Ayer Keroh, MelakaPhase 20AValue : RM15.3 millionProgress : 82%Expected completion : October 2020

Total Contract Value : RM121 Million

Executed to Date : RM 76 Million

Balance : RM 45 Million

POTENTIAL PROJECTS PURSUED IN FYE 2021

SUKE

East Coast Rail Link (ECRL)RM150 millionSubgrade Sect 4 –Package 1Tender closing date: July 2020

Pembinaan Kem 13 Briged Infantri TenteraDarat, Lahad Datu, Sabah (ESSCOM)RM598 millionTender closing date: June 2020

ESSCOM

Central Spine Road (CSR)RM150 millionPackage 4A – Kg Relong – RaubTender closing date : Oct 2020

Lebuhraya Kota Bharu – Kuala KraiRM160 millionPackage 2C & 3A Kok Lanas – Bukit TiuTender closing date: Oct 2020

Directional Ramp SDE, JohorRM100 millionTender closing date : Aug 2020

Taman Tasik Utama, Ayer Keroh, MelakaPhase 23RM19 millionTender closing date : Jan 2021

CSR

SDE

ECRL

KBKK

TTU

Civil & Infra : RM1.16 Billion

Buildings : RM 19 Million

Total : RM1.18 Billion

JOBS UPDATES BY

MANUFACTURING

Lebuhraya Sg Besi – Ulu Kelang (SUKE)Package CA2SelangorRM20 million

JOBS PURSUED IN FYE 2020

TOTAL : RM83.0 Million

LRT3SelangorRM22 million

CCL6, 850ESingaporeRM11 million

Trackwork for Bishon DepotSingaporeRM10 million

Pasir Akar Housing, BesutTerengganuRM10 million

Gemas – Johor BahruDouble TrackJohorRM10 million

DOUBLE

TRACK

PRECAST

BEAM

IBS

PRE-

STRESSED

BEAM

CABLE

TROUGH &

WALKWAY

CABLE

TROUGH &

WALKWAY

Successful (RM4 M) Unsuccessful (RM41 M)Pending (RM32 M)Legend :

STATUS UPDATE

LRT3SelangorRM22 million(Pending design finalisation by client)

CCL6, 850ESingaporeRM11 million(Unsuccessful)

Track works for Bishon DepotSingaporeRM10 million(Unsuccessful)

Pasir Akar Housing, BesutTerengganuRM10 million(Pending design finalisation by client)

Gemas – Johor BahruDouble TrackJohorRM4 millionSecured

IBS

PLINTH

PRE-

STRESSED

BEAM

PRE-

STRESSED

BEAM

TRACK

WORKSTRACK

WORKS

Lebuhraya Sg Besi – Ulu Kelang (SUKE) Package CA2SelangorRM20 million(Client decided to do own casting)

Pendang HospitalKedahRM1.25 million

Kraf InstituteRawang, SelangorRM1.01 million

Upgrading of FT005 RoadTeluk Intan, Perak(Pedestrian Bridge)RM1.70 million

ADDITIONAL ORDERS SECURED FYE 2020 - Peninsular Malaysia


EKVESelangorRM3.50 million

SMK Tengku Ampuan IntanTerengganuRM1.78 million

Pengerang Deepwater Terminal Phase 3JohorRM3.5 million

PDT 3

PSC BEAM

UNIMAPPerlisRM1.88 million

IBS

Pasar Payang ComplexKuala TerengganuRM2.13 million

Penyayang ComplexKempas, JohorRM1.87 million

IBS

IBS

IBS

IBS

IBS

PSC

BEAM

PSC

BEAM

PSC

BEAM

ADDITIONAL ORDERS SECURED FYE 2020 - Singapore


Project E, Choa Chu KangSingaporeRM4.6 million

SingaporeRM19 million

Thomson Line T250A

PDT 3

PSC BEAM

River Front Residence, HougangSingaporeRM 10.94 million

2D

PRECAST

COMPONENT

* PPVC

TRACKWORKS

PRECAST

COMPONENT

* PPVC : Prefabricated Prefinished Volumetric Construction

BALANCE ORDER BOOK FYE 2019 & 2020

2019 2020

RM44 M(33%)

RM62 M(46%)

RM28 M(21%)

IBS Beam & Parapet Others

IBS

(RM 44 m)

OTHERS

(RM 28 m)

RM134 Million

RM37 M(34%)

RM50 M(44%)

RM25 M(22%)

IBS Beam & Parapet Others

RM112 Million

ON GOING JOBS 2020 (as at 31 August 2020)

- Peninsular Malaysia

Flood Irrigation - Sg. Tok Jiring, TerengganuValue : RM19.8 millionExpected completion date : September 2020Completion 85%

Sungai Besi – Ulu Kelang Elevated Expressway (SUKE)Damansara-Shah Alam Elevated Expressway (DASH)Value : RM60.0 millionExpected completion date : December.2020Completion 46%

Privatization Of Lebuhraya Persisir Pantai Barat (WCE)Value : RM9.0millionExpected completion date : March. 2021Completion 45%

1PRIMA Housing, Cherating, PahangValue : RM11.0 millionExpected completion date: September 2021Completion 0.31%

East Klang Valley Expressway (EKVE)Value : RM3.5 millionExpected completion date : September 2020Completion 5%

2D MODULES

Pasar Payang Complex, Kuala TerengganuValue : RM 2.13 millionExpected completion date : September 2021Completion 5%

PRESTRESSED BEAM

BEAM, PARAPET &

MATIERE

IBS

IBS

CONCRETE SHEET PILE

PRESTRESSED BEAM

Total Contract Value : RM105.4 Million (100%)

Completed Jobs : RM 52.2 Million (49%)

Balance : RM 53.2 Million (51%)

ON GOING JOBS 2020 (Cont’d)- Peninsular Malaysia

DASH/SUKEValue : RM60.0 million (46%)Expected completion date : November 2020

Privatization of Lebuhraya Persisir Pantai Barat (WCE)Value: RM9.0million (45%)Expected completion date: March 2021

EKVE- KLORRValue : RM3.5 million (5%)Expected completion date : Sept 2020

Flood Irrigation - Sg. Tok Jiring, TerengganuValue: RM19.8 million (85%)Expected completion date: Sept 2020

PRESTRESSED BEAM

CONCRETE SHEET PILE

IBS

PRESTRESSED BEAM

BEAM, PARAPET &

MATIERE

1PRIMA Housing, Cherating, Pahang Value: RM11.0 million (31%)Expected completion date: March 2022

- Singapore

PDT 3

PSC BEAM

CABLE TROUGH & WALKWAY

T250 Track work Thomson Line, SingaporeValue: RM30.0 millionExpected completion date: October 2020Completion 98%

T250A Track work Thomson Line, SingaporeValue: RM20.0 millionExpected completion date: June 2022Completion 3.5%

PPVC MODULES

PPVC For Public Housing Development, SingaporeProject C (Sengkang)/ Project E (Choa Chu Kang)Value: RM4.5 million/ RM 4.6 millionExpected completion date: September 2020/ June 2021Completion 90% / 10%

IBS

Riverfront Residences, Hougang, SingaporeValue : RM11.0 millionExpected completion date: October 2020Completion 30%

Hill View Residence, SingaporeValue: RM 3.3 millionExpected completion date: March 2021Completion 0.5%

2D MODULES

Total Contract Value : RM73.4 Million (100%)

Completed Jobs : RM39.6 Million (54%)

Balance : RM33.8 Million (46%)

ON GOING JOBS 2020 (as at 31 August 2020)

ON GOING JOBS 2020 (Cont’d)- Singapore

PPVC for Public Housing Development at Sengkang, Singapore

Value: RM4.5 million (90%)

Expected completion date: November 2020

1. T250 Track work Thomson Line, SingaporeValue: RM30.0 million (98%)Expected completion date: Oct 2020

Riverfront Residences, Hougang, Singapore

Value: RM11.0 million (30%)

Expected completion date: Dec 2020

2. T250A Track work Thomson Line, SingaporeValue: RM20.0 million (3.5%)Expected completion date: June 2022

PPVC

MODULES

IBS

PPVC

MODULES

CABLE

TROUGH &

WALKWAY

Package T250

Package T250 A

POTENTIAL JOBS PURSUED IN FYE 2021- Peninsular Malaysia

Kinrara-Damansara HighwaySelangorRM5.0 million

Mixed Development, TemerlohPahang

RM5.0 million

Pasir Akar Housing, BesutTerengganuRM7.0 million

Malacca International Cruise TerminalMalaccaRM7.0 million

ECRLTerengganuRM10.0 million

BEAM &

PARAPET

Terengganu BypassTerengganuRM3.0 million

Solar Project at MerchangTerengganuRM5.0 million

Commercial Devp. Seberang PraiPenangRM2.2 million

LRT3SelangorRM 11.0 million

SHEET PILES

PRECAST PLINTH

BEAM

PRECAST JETTY

COMPONENTS

IBS

RCO

IBS

PRESTRESSED BEAM

Peninsular Malaysia : RM 55 Million

Singapore : RM 55 Million

Total : RM110 Million

- Singapore

PDT 3

PSC BEAM

Cross Island ( 5 Packages )SingaporeRM 50.0 million

TUNNEL

SEGMENT

Purifier Building, SingaporeSingaporeRM 5.0 million

PPVC

Peninsular Malaysia : RM 55 Million

Singapore : RM 55 Million

Total : RM110 Million

POTENTIAL JOBS PURSUED IN FYE 2021

IMPACT OF MCO AND MITIGATION

IMPACT OF MCO AND MITIGATIONS

EFFECTS OF MCO

Lockdown

Prelims & idling costs

Implementation of COVID -19 SOP

Inter state and cross border travel restriction

IMPACT ON OPERATIONS

Factory shut down for 8 weeks

Project sites shut down for 10 -

12 weeks

Rental cost of plant & machinery

Salaries

Additional costs on Health &

Safety

Lower billings

Lower collections

Lesser deliveries

MITIGATIONS

Application for EOT

Claim for delay cost

Re-programming and

optimization of work streams

Wage Subsidy Plan from SOCSO

Salaries reduction of between

10% to 30%

Costs sharing with sub-

contractors

Stringent cash flow management

Stepped up production and

deliveries

Accelerate claims for work done

Thank You

mtd acpi engineering berhad

Documents