Harmonising
With Nature
Harmonising With Nature
Matrix Concepts Holdings Berhad (“Matrix”) is multi-faceted with its core activities pivoted on Property Development, Construction, Education, Hospitality and Healthcare. Creating desirable products of value, quality and well-designed homes, Matrix has built a reputation of “a cut above all others” with its diverse property developments in Malaysia, Australia and Indonesia. Matrix delivers a complete lifestyle eco-system of work, play, dine, shop, learn and more for its developments.
The cover design’s headline — Harmonising With Nature — highlights how Matrix Concepts Holdings Berhad’s business activities are always in alignment with the natural environment.
On the cover, there is a sea shell to indicate how the company’s developments provide sanctuary while caring for nature.
Harmonising With Nature
Matrix Concepts Holdings Berhad (“Matrix”) is multi-faceted with its core activities pivoted on Property Development, Construction, Education, Hospitality and Healthcare. Creating desirable products of value, quality and well-designed homes, Matrix has built a reputation of “a cut above all others” with its diverse property developments in Malaysia, Australia and Indonesia. Matrix delivers a complete lifestyle eco-system of work, play, dine, shop, learn and more for its developments.
The cover design’s headline — Harmonising With Nature — highlights how Matrix Concepts Holdings Berhad’s business activities are always in alignment with the natural environment.
On the cover, there is a sea shell to indicate how the company’s developments provide sanctuary while caring for nature.
OUTSTANDING
& INSPIRING
CHAIRMAN’S
STATEMENT
STATEMENT
“TO OUR VALUED SHAREHOLDERS,
ON BEHALF OF THE BOARD OF DIRECTORS OF MATRIX CONCEPTS HOLDINGS BERHAD (“MATRIX” OR “THE GROUP”), I AM PLEASED TO PRESENT THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2022 (“FY2022”).”
ON BEHALF OF THE BOARD OF DIRECTORS OF MATRIX CONCEPTS HOLDINGS BERHAD (“MATRIX” OR “THE GROUP”), I AM PLEASED TO PRESENT THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2022 (“FY2022”).”
DATO’ HAJI MOHAMAD HASLAH
BIN MOHAMAD AMIN
NON-INDEPENDENT NON-EXECUTIVE CHAIRMAN
NON-INDEPENDENT NON-EXECUTIVE CHAIRMAN
MANAGEMENT
DISCUSSION
& ANALYSIS
DISCUSSION
& ANALYSIS
“THE STRONG SALES ACHIEVED IS FURTHER ATTESTATION OF MATRIX’S PROVEN CAPABILITIES AND TRACK RECORD AS A PROPERTY DEVELOPER. MATRIX CONTINUES TO ALIGN WITH REAL MARKET DEMAND WHILST PROVIDING STRONG VALUE PROPOSITION OF OUR PROPERTIES AND SERVICES, ALL WITH THE AIM OF ACHIEVING THE DEVELOPMENT ASPIRATIONS OF OUR DISCERNING CUSTOMERS.”
HO KONG SOON
(Key Senior Management)
Group Managing Director
5 CORE BUSINESSES
MATRIX’S PRINCIPAL BUSINESS OPERATIONS IS PROPERTY DEVELOPMENT AND ITS RELATED SERVICES. TOGETHER WITH OTHER BUSINESSES COMPRISING CONSTRUCTION, EDUCATION, HOSPITALITY AND HEALTHCARE, WHICH CUMULATIVELY ARE REGARDED AS MATRIX’S FIVE PILLARS OF STRENGTH. THIS ENABLES MATRIX TO DERIVE OPERATIONAL SYNERGIES ACROSS ITS BUSINESS MODEL AND VALUE CHAIN TO ENHANCE THE VALUE PROPOSITION OF ITS TOWNSHIPS AND STANDALONE PROPERTY DEVELOPMENTS.
GROUP FINANCIAL
HIGHLIGHTS
FOR FINANCIAL YEAR ENDED 31 MARCH 2022
PROFIT BEFORE TAXATION
( RM'000 )
RM 268,
3
Earnings per
share
(sen)
24.6
0
REVENUE
( RM'000 )
RM 892,
3
SHAREHOLDERS’
EQUITY
( RM'000 )
RM 1,910,
3
PROFIT AFTER TAXATION
( RM'000 )
RM 200,
3
Dividend per
share
(sen)
12.6
3
DIVIDEND HIGHLIGHTS
FOR FINANCIAL YEAR ENDED 31 MARCH 2022
October 2021
SEN
2.0
0
January 2022
SEN
3.0
0
April 2022
SEN
3.7
July 2022
SEN
3.7
BUSINESS VALUE CHAIN AND KEY PROCESSES
The business value chain is presented towards providing an understanding of how Matrix’s business model is operated and how value is created. Through the value chain diagram, risks and opportunities, capital utilisation and dependencies, environmental and social impacts become more apparent. The illustration depicts the start-to-end process from landbanking right to after the project is completed and handed over to homebuyers.
Each stage of the value chain has its inherent challenges and key considerations, which Matrix continues to address effectively towards ensuring the sustainability of the business model.
It is imperative that land be purchased at the right pricing and location. Where relevant, land should come with approved high plot ratios to facilitate developments that are more commercially viable and meet market demand.
A consummate understanding of market requirements is essential towards ensuring that the right product is developed at the right location for the right target market, and at the right (affordable) price range.
In masterplanning, consumer insights must be considered along with land limitations, legal requirements, feasibility studies, competitors’ products and other factors.
Full and speedy approvals are vital. Any delays would affect project launch dates, which will impact sales and also construction works.
Consideration must be given on positioning the unique value proposition of the project. The ownership proposition developed for buyers must be attuned to present economic conditions.
Construction works must progress as per schedule and must be undertaken towards achieving desired quality at every stage of development. Other considerations include environmental and social impacts.
Units ready for handover should have a low defect rate and should be ready on time to avoid fines for Liquidated Ascertained Damages (LAD) due to late delivery.
Customer management activities should be systemised towards forging a long-lasting, mutually beneficial relationship.
ENVIRONMENTAL
& SOCIAL IMPACT
SUSTAINABILITY REPORT
Matrix Concepts Holdings Berhad (“MCHB” Or “The Group”) is pleased to present its stand-alone sustainability report for Financial Year Ended 31 March 2022 (“FY2022”). This Report is also referred to as Sustainability Report 2022 (“SR2022”).
SR2022 is published as a stand-alone sustainability report that provides a comprehensive review of Matrix’s environmental, social and governance (“ESG”) performance.
Key aspects of reporting covered include governance of ESG matters, the management approach to material topics and the results achieved as well as lessons learnt and plans to drive further improvements in ESG performance going forward.
1. EQUITY AND LOCAL ECONOMY
- For FY2022 Matrix distributed 52% of profits.
- Several donations of cash and kind were made by Matrix to help flood victims.
- Matrix has achieved an average QLASSIC score of 73.7 for its FY2022 projects.
2. GOVERNANCE: UPHOLDING ETHICAL BUSINESS
CONDUCT AND CORPORATE INTEGRITY
- Matrix has achieved a 33% composition of sitting female directors for FY2022.
- For FY2022, Matrix has achieved zero incidents of non-compliance with legislation.
- The Group has had zero incidents of corruption reported for FY2022.
3. ENVIRONMENTAL CONSERVATION
- Matrix’s target is to achieve Zero Carbon by year 2050.
- In FY2022, two (2) more solar panels were installed at Mawar as well as Matrix Global Schools (“MGS”).
FY2022, Matrix received zero fines and / or penalties for any incidents pertaining to environmental non-compliance.
4. EMPLOYEE WORK SATISFACTION AND WELL BEING
- 100% of employees receive formal appraisals.
- Matrix implemented “Herd Immunity Programme”, all the employees are given free vaccination to ensure their safety and health.
5. SAFE AND HEALTHY WORK ENVIRONMENTS
- Matrix has implemented an internalPermit-To-Work (“PTW”) system.
- Matrix has implemented a Hazard Identification, Risk Assessment and Risk Control (“HIRARC”) .
6. CULTURE AND COMMUNITY
- CSR contribution has increased by 1.14% from RM8.49 million to RM8.59 million.
- Matrix held food-aid programme for
needy folks affected by the pandemic. - Several donations of cash and kind were made by Matrix to help flood victims.