Integrated Annual Report 2022
Integrated
Annual Report 2022
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Group Revenue
Profit Before Tax
Dividend
Net Gearing
Shareholders' Funds
Net Assets Per Share
Gross Development Value of Land Bank
Total Land Bank
External Client Construction Order Book
Gender Pay Gap Between Female & Male Employees Narrowed by
2021: -5.4% | 2022: -3.5%
Procured
Worth of Renewable Energy Certificates (RECs)
Reduction in Scope 1 & Scope 2 Carbon Emissions Intensity
Contribution to the Community
F4GBM Index Score of 3.2
A Constituent Since 2014
Achieved
ISO 37001: 2016
Anti-Bribery Management System (ABMS)
Re-Certification
Complied With Malaysian Code on Corporate Governance
out of 43 Practices
out of 5 Step-Ups
Cybersecurity & Customer Data Breaches
Ranked 2nd & Awarded Excellence Award
2021 MSWG-ASEAN Corporate Governance Awards
(out of 864 companies assessed)
Ranked 1st in the Industry Excellence Award for the Property Sector
2021 MSWG-ASEAN Corporate Governance Awards
Platinum Award for Companies With Less Than RM2 Billion in Market Capitalisation
Malaysian Institute of Accountants National Annual Corporate Report Awards (NACRA) 2022
DATUK SERI AMIR HAMZAH AZIZAN
Non-Independent Non-Executive Chairman
Dear Stakeholders,
As the world navigated past the pandemic and geopolitical tensions, one constant remained on everyone's agenda - addressing the threat of climate change. During the year we continued to give equal importance to our business performance and sustainability efforts, to ensure that all our stakeholders reap benefits from everything we do.
The year 2022 has been a challenging year as the lingering effects of the pandemic and geopolitical events such as the Russia-Ukraine conflict continued to weigh on the global economy. Nevertheless, many economies forged ahead with their respective recoveries as movement restrictions were fully lifted in most parts of the world in line with the diminishing threat posed by the pandemic.
YEAR IN REVIEW
The year 2022 saw a steady return to normalcy and economic and business recovery across most of the world as the pandemic retreated and movement restrictions were lifted. In Malaysia, unlike the year before, there was a complete absence of movement restrictions due to COVID-19, which provided a big boost to the economy as the nation moved from the pandemic to the endemic phase.
IMRAN SALIM
Group Managing Director
Our priority has always been business sustainability and creating meaningful value for our shareholders and stakeholders.
MRCB's Growth Strategy (our Strategy) was developed with this in mind, and guides us in becoming a responsible leader in the industries we operate in. Our Strategy outlines four Growth Principles, which are driven by seven Key Action Plans.
Revenue
Unbilled Property Sales
Property Sales
Sentral Reit & Sentral Reit Management Profit Contribution
Land Bank
GDV of Land Bank
% GDV From TODs
Daily Average Pedestrian Traffic
(KL Sentral)
Daily Average Pedestrian Traffic (Penang Sentral)
TOD in Petaling Jaya, PJ Sentral Garden City
Revenue
Open Tenders
External Client Order Book
Unbilled Order Book
% Infrastructure Projects in External Client Order Book
Value of Completed Projects in 2022
An interior shot of MRCB’s first green office project, Platinum Sentral in KL Sentral CBD
Sustainability for Tomorrow
Ours is a business here for the long term. For us, sustainability is a journey. However, we know that we can go further. We will continue to address matters that can close gaps and drive our sustainability journey further. This is important not only for sustainability reasons but because they are central to our business performance.
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1,650 skilled professionals driving the company forward
36 health and safety programmes implemented to protect employees
RM905,651 invested in training and development
Over 50 years of industry experience, with a strong brand name as a pioneer in Transit Oriented Development and an enviable track record as a rail and road infrastructure developer
RM6.4 million invested to make MBS commercially viable
1,153 acres of land owned for strategic development projects
22 GWh of electricity consumed
Strong network of 1,663 approved vendors supporting the business
Conducted 25 investor meetings including 5 ESG-specific engagement sessions
Over 100,000 stakeholders engaged
42 community programmes held
RM4.4 billion in share capital
RM5 billion Sukuk programme, RM200 million issued in 2022
RM2.1 billion in total borrowings
RM33 billion GDV land bank
RM2.9 billion GDV of ongoing property development projects
RM11.7 billion worth of ongoing infrastructure projects
Aging Population
Customised Solutions
Proximity to Public Transport
Digitalisation
Climate Change
Integrated Living
Multi-use Design
Urbanisation
Green Development
Project Delivery
Liquidity
Marketing
Business Continuity
Environmental, Social and Governance
Regulatory
Safety, Health & Environment
Quality
Concentration
Economic
Product Quality & Responsibility
Product Quality & Responsibility
Indirect Economic Impacts
Responsible Procurement & Supplier Assessment
Environment
Materials Management
Sustainable Construction
Waste
Climate Transition Risk
Physical Climate Risk
Greenhouse Gas (GHG) Emissions
Biodiversity
Governance
Ethics & Principles
Governance & Compliance
Social
Health & Safety
Employee Engagement & Well-Being
Customer Engagement
Diversity & Equal Opportunity
Labour Practice
Local Community Engagement
Human Rights
Transit Oriented Developments
World-Class Residential Properties
Bespoke Commercial Green Building Developments
Innovative Buildings and Complex Structures
Quality Rail & Road Infrastructure
Power Projects and Rehabilitation of Rivers & Coastal Areas
Facilities Management & Carpark Ownership
Women make up 39% of our workforce
Achieved >1-million man hours without LTI for Sentral Suites, PR1MA Brickfields and 9 Seputeh
Received GradMalaysia's Most Popular Graduate Employer 2022 Award in the Property Sector
(3.5)% mean employee gender pay gap
Stakeholders Impacted
Patented the MBS technology in 11 countries
Received the Climate Action Fellow Award at the United Nations Global Compact Malaysia & Brunei Sustainability Performance Awards 2022
Achieved a 3-Star SHASSIC rating for our Sentral Suites development and a 4-Star SHASSIC rating for our Alstonia development
Stakeholders Impacted
65% reduction in Scope 1 and Scope 2 carbon emissions intensity
7.5% reduction in Scope 1 and Scope 2 absolute emissions
Stakeholders Impacted
95% of procurement budget spent on local suppliers
RM714,356 contributed through CSR activities to organisations and communities
345 prisoners/offenders participated in the PEKA@MRCB programme
Stakeholders Impacted
RM3.2 billion generated in revenue
RM154.3 million profit before tax
RM4.5 billion in shareholders' funds
Net gearing of 0.32 times
Stakeholders Impacted
Launched Lilium in Bandar Seri Iskandar with a GDV of RM32 million
RM1.0 billion worth of construction projects completed in 2022
RM478.1 million property sales in 2022
RM26.3 billion in external client construction order book
LRT3 achieved physical construction progress of 81% and financial progress of 75%
Stakeholders Impacted