Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — 6M2021 Earnings Presentation
24 slides from Paramount Corp. Bhd's earnings presentation, Aug 27, 2021
Slide 1: Unaudited 6M2021 Results
Unaudited 6M2021 Results 27th August 2021 1
Slide 2: 6M2021 Results
PARAMOUNT 6M2021 Results
Slide 3: 2Q2021 vs 2Q2020 Financial Results
2Q2021 vs 2Q2020 Financial Results 2Q2020 2Q2021 +/- % (Restated) Continuing Revenue RM'Mil 127.4 64.2 63.2 98% Profit/(loss) before tax RM'Mil 10.2 (2.4) 12.6 525% EBITDA RM'Mil 19.1 5.2 13.9 267% Profit/(loss) after tax RM'Mil 4.3 (2.4) 6.7 279% Discontinued Profit after tax RM'Mil 0.0 0.0 0.0 0%
Slide 4: 6M2021 vs 6M2020 Financial Results
6M2021 vs 6M2020 Financial Results 6M2020 6M2021 +/- % (Restated) Continuing Revenue RM'Mil 279.2 186.3 92.9 50% Profit before tax RM'Mil 21.0 1.5 19.5 1300% EBITDA RM'Mil 40.1 19.1 21.0 110% Profit after tax RM'Mil 11.1 0.3 10.8 3600% Discontinued Profit after tax RM'Mil 0.0 470.6 (470.6) -100% Pro
Slide 5: 6M2021 vs 6M2020 Financial Results
6M2021 vs 6M2020 Financial Results Continuing operations For 6M2021, the Group's revenue from continuing operations was RM279.2 million, which was 50% higher than the same period last year of RM186.3 million. On the back of the higher revenue, the Group achieved a profit before tax (PBT) from contin
Slide 6: Revenue – continuing operations
Revenue – continuing operations Revenue By Division (RM’Million) Property Increase in revenue was Division mainly due to higher level of 1.5 construction progress 300.0 recognised and sales of 2.9 properties. 250.0 1.2 Top 3 revenue contributions 200.0 were Bukit Banyan 3.1 development in Kedah, 150
Slide 7: PBT - continuing operations
PBT - continuing operations PBT By Division (RM’Million) Property Higher PBT was in line with the Division higher revenue and that the disruption to the Group's 40.0 operations in 6M2021 was less severe than the same period 30.0 last year 20.0 35.7 Co-labs Loss before tax remained at 2.7 Coworking R
Slide 8: Statement of Financial Position
Statement of Financial Position 30/6/2021 31/12/2020 RM'000 (Restated) Non-current assets 1,862,669 1,846,620 Current assets 1,043,539 1,118,030 Total assets 2,906,208 2,964,650 Current liabilities 446,601 474,935 Net current assets 596,938 643,095 Non-current liabilities 796,403 810,331 Total liabi
Slide 9: Debt/Equity Ratio
Debt/Equity Ratio 30/6/2021 31/12/2020 (Restated) RM'Mil RM'Mil Borrowings 968.0 954.2 Cash & bank balances 248.1 204.3 Total equity* 1,663.2 1,679.4 30/6/2021 31/12/2020 Gross D/E ratio 0.58 0.57 Net D/E ratio 0.43 0.45 *Included Private Debt Securities of RM249 million (2020: RM249 million) Gross
Slide 10: 5-Year Financial Highlights
5-Year Financial Highlights 10
Slide 11: 5-Year Financial Highlights
5-Year Financial Highlights Revenue (RM’Mil) PBT (RM’Mil) 800 120 100 600 80 400 60 40 200 20 0 0 2017 2018 2019 2020 6M2021 2017 2018 2019 2020 6M2021 Earnings Per Share (Sen) Net Assets Per Share (RM) 100.00 3.0 79.37 80.00 60.00 2.0 40.00 22.51 1.0 15.29 17.17 20.00 0.63 0.00 0.0 2017 2018 2019 2
Slide 12: 5-Year Financial Highlights
5-Year Financial Highlights Gross Dividend Per Share (sen) and Payout Ratio (%) 35.00 60% 51% 30.00 48% 50% 40% 40% 25.00 38% 40% 20.00 31.50 30% 15.00 20% 10.00 16.00 5.00 10% 8.50 8.50 6.50 - 0% 2016 2017 2018 2019 2020 12
Slide 13: 6M2021 Highlights
6M2021 Highlights 13
Slide 14: 6M2021 Highlights
6M2021 Highlights Property Division Co-labs Coworking Division • 217 units of properties were launched in • New outlet opened at Tropicana 6M2021 (6M2020: 548 units). Gardens, Kota Damansara in January 2021 • Property sales of 524 units with a sales value of RM309 million, 62% higher than 6M2020 of
Slide 15: Total landbank & GDV
Total landbank & GDV 15
Slide 16: Total Landbank & GDV
Total Landbank & GDV Remaining Development Period Gross Remaining Projects developed by subsidiary Undeveloped GDV* companies Lands (Million) Start End (Acres) On going Developments Kemuning Utama, Shah Alam 26.7 418 2004 2026 Sekitar26, Shah Alam 11.6 597 2013 2026 Bandar Laguna Merbok, Sungai Peta
Slide 17: Total Landbank & GDV
Total Landbank & GDV Remaining Development Period Gross Projects developed by subsidiary GDV* Undeveloped companies (Million) Start End Lands (Acres) Project in the pipeline Ampang Hilir, Kuala Lumpur 4.5 968 2021 2027 Future Projects Bukit Banyan II, Sungai Petani 137.1 405 2023 2027 Machang Bubuk,
Slide 18: Total Landbank & GDV
Total Landbank & GDV Remaining Development Period Gross Project developed by associate GDV^ Undeveloped company (Million) Lands Start End (Acres) Na Reva - 65 2020 2023 ^ Being the Group’s share of GDV from properties launched by Navarang Charoennakhon Company Limited but remained unsold as at 30 Ju
Slide 19: Prospect for 2021
Prospect for 2021 19
Slide 20: Prospect
Prospect The Malaysian economy grew by 16.1% in the second quarter (1Q 2021: -0.5%). Economic performance was supported mainly by the improvement in domestic demand and continued robust exports performance. The strong growth also reflected the low base from the significant decline in activity during
Slide 21: Prospect (cont’d)
Prospect (cont’d) a) Property (cont’d) Despite the on-going pandemic, the Group's property sales for the first half of 2021 was 63% higher than the same period last year. This strong sales momentum, however, could be disrupted by weakened consumer and business sentiments as well as lengthened sales
Slide 22: Prospect (cont’d)
Prospect (cont’d) b) Co-labs Coworking (cont’d) On the office solutions provider front, Scalable Malaysia has made progress since its launch in 2020 to provide an end-to-end consult, design, build and manage workspace ecosystem solution to the corporates. It is currently working on a office refurbis
Slide 23: Statement Regarding Unaudited Financial Information
Statement Regarding Unaudited Financial Information The unaudited financial information set forth above is preliminary and subject to adjustments and modifications. Disclaimer on Forward-Looking Statements This presentation may contain forward-looking statements that involve risks and uncertainties.
Slide 24: Thank You
—_—— Thank You
Paramount Corporation Berhad — 6M2021 Earnings Presentation on 6ix