Matrix Concepts Holdings Berhad
Contouring Growth
Empowering Performance
The cover design depicts “land contours” being the primary natural capital of Matrix. Matrix continues to ‘contour’ its business and operational growth to drive empowered performance that delivers inspired results for its stakeholders. Integrating ESG perspectives into its business model, Matrix continues to develop a clear direction amidst the changing business and physical environment, effectively adapting to emerging challenges while leveraging opportunities. Thus, Matrix remains steadfast and future focused to drive robust performance across the short, medium, and long-term perspectives.
Foresight and
Enthusiasm
Chairman's
Statement
TO OUR ESTEEMED 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 2023 (“FY2023”).
DATO’ HAJI MOHAMAD HASLAH BIN MOHAMAD AMIN
Non-Independent
Non-Executive Chairman
FY2023
Group Solar Energy Generated (kWh)
FY2021
FY2022
FY2023
Revenue
YoY 24.7%
Profit Before Tax
YoY 2.9%
Net Profit Attributable to Equity Holders
YoY 1.0%
MANAGEMENT DISCUSSION
& ANALYSIS
Financial year ended 31 March 2023 (“FY2023”) was a year of recovery for the global and domestic economies as the disruptive effects of the COVID-19 pandemic had begun to recede significantly worldwide. Restrictions on economic sectors and social activities were progressively removed and subsequently, regular business activities could resume to full or near full operational capacities, thus providing a much-needed lift to local economies.
HO KONG SOON
(Key Senior Management)
Group Managing Director
Financial
Highlights
Group Financial Highlights
For Financial Year Ended 31 March 2023
SHAREHOLDERS’ EQUITY
(RM’000)
REVENUE
(RM’000)
PROFIT BEFORE TAXATION
(RM’000)
PROFIT AFTER TAXATION
(RM’000)
Dividend Highlights
Dividend Payment Per Ordinary Share For The Last 4 Quarters
OCT 2022
JAN 2023
APR 2023
JUL 2023
5 CORE
Businesses
PROPERTY
DEVELOPMENT
- In Malaysia, we are within the top 10 property developer (The Edge Top 10 Property Developers Award 2022).
- We have won multiple awards for our property development by being a sustainable developer.
- From land acquisition, planning to construction and delivery, we provide the best quality homes and experience to the purchasers.
- We provide a conducive living environment and vibrant communities to our home buyers.
CONSTRUCTION
- Our construction arm, Matrix Excelcon Sdn Bhd serves as a key enabler to our developments, and brings vast experience in undertaking infrastructure, residential and commercial projects.
- Backed by the dedicated management team, all of our developments are delivered in timely manner with utmost efficiency and competitive pricing which will exceed our customers’ expectations of quality and services.
EDUCATION
- Matrix Global Schools comprise of Matrix Private School, Matrix International School and Matrix International Preschool located in one campus, focus with one vision and one mission.
- We are a leading international and private education provider in Negeri Sembilan in creating new frontiers where we live up to our tagline “Nulli Secunda” which is “second to none” in terms of our quality of education.
- Our philosophy is to challenge our students to be intellectually curious, responsive and persistent; to be committed to and expressive of their ideas.
HOSPITALITY
- d’Tempat Country Club, designed to be a top-notch club in Negeri Sembilan, caters to the ever increasing needs of residents and guest for leisure, sporting and excellent dining facilities. The Club also offers a perfect venue for all corporate functions, meetings, weddings, and conferences.
- d’Sora Boutique Business Hotel, a 3-Star contemporary business hotel, offers a complete range of facilities that meet business needs and travellers’ comforts.
HEALTHCARE
- Through its 30-year management agreement with Pusat Hemodialisis Mawar (“PHM”), Matrix has now penetrated into the healthcare sector. Matrix Medicare Sdn Bhd, the Group’s subsidiary company, manages PHM’s non-clinical operations of Mawar Medical Center such as finance, administration and human resources.
- The partnership with PHM is a first step in realising the Group’s long-held ambitions towards establishing a fullfledged medical centre, while tapping on the potential synergistic benefits of integrating its property development and healthcare businesses.
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.
LANDBANKING
Pertaining to landbanking, from an ESG perspective, Matrix’s focus is to ensure regulatory compliance, ensuring that all lands are not designated locations of high biodiversity or having High Conservation Value (“HCV”). Likewise, as much as possible, landbank should not be adjacent to locations with high biodiversity or having HCV.MARKET RESEARCH / FEASIBILITY STUDY
In developing / launching new projects, Matrix frequently conducts market research activities in various forms. The objective of such exercises is to ascertain market receptiveness towards the intended project and its concept. The contemporary market research activities focus on consumers’ appetite based on price points and designs / concepts of properties, competitor analysis and other business oriented factors.
DESIGN & MASTERPLANNING
Increasingly, ESG related considerations such as green building materials and sustainable designs are being considered, where applicable in the conception of development. While social concepts and elements such as placemaking, community amenities and facilities have always been a regular feature of Matrix’s developments, the Group’s design approaches are now considering environmental considerations.
REGULATORY APPROVAL AND PROJECT FINANCING
Regulators and financiers are increasingly emphasising environmental (and social) considerations as part of the requirements for compliance. Beyond regulatory compliance, there is a greater encouragement or emphasis on projects that are green building certified or have green features.
PROJECT MARKETING
Matrix’s product marketing mix has progressively transition to digital mediums, which reduces use of printed paper and other materials. This contributes to the larger objective of reducing environmental footprint.
CONSTRUCTION WORKS
The focus is on practicing more recycling and waste reduction methods on construction sites. In addition, providing a more safe and secure work environment for site workers and to maintain a zero OSH incident workplace is the strategic priority.
VACANT POSSESSION
PROJECT / TOWNSHIP MANAGEMENT
The focus on good ESG practices leads to improved cost efficiencies. Hence, Matrix continues to explore how ESG can deliver enhancements in the management of projects and townships. For example, establishing recycling and compost areas within townships, organising community events and activities and exploring other methods. The use of LED lighting for street lighting and lighting at common areas is one example.
SYNERGISTIC DIVERSITY
EMPOWERING COMMUNITIES
SUSTAINABILITY
REPORT
Matrix Concepts Holdings Berhad (“Matrix” or “the Group”) is pleased to present its standalone sustainability report for financial year ended 31 March 2023 (“FY2023”).
This report is also referred to as Sustainability Report 2023 (“SR2023”). Prior to this, Matrix’s previous sustainability report was published on 28 July 2022. Sustainability reports are published on an annual basis – covering the respective financial year.
Equity and Local Economy
Governance: Accountability, Integrity, Good Conduct and Leadership
Environmental Conservation
Employee Work Satisfaction and Well Being
Safe and Healthy Work Environments
Culture and Community
