Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — FY2018 Earnings Presentation
25 slides from Paramount Corp. Bhd's earnings presentation, Feb 28, 2019
Slide 1: Unaudited FY2018 Results
Unaudited FY2018 Results 28 February 2019 1
Slide 2: 4Q2018 Results
PARAMOUNT 4Q2018 Results
Slide 3: 4Q2018 vs 4Q2017 Financial Results
4Q2018 vs 4Q2017 Financial Results 4Q2018 4Q2017 +/- % Revenue RM'Mil 256.8 238.7 18.1 8% Profit before tax RM'Mil 43.7 37.1 6.6 19% EBITDA RM'Mil 56.6 51.0 5.6 11% Profit net of tax RM'Mil 33.1 26.2 6.9 26% Profit attributable to ordinary equity holders of the company RM'Mil 30.0 24.1 5.9 24% Earni
Slide 4: FY2018 vs FY2017 Financial Results
FY2018 vs FY2017 Financial Results FY2017 FY2018 +/- % (Restated) Revenue RM'Mil 907.7 763.0 144.7 19% Profit before tax RM'Mil 151.3 182.6 (31.3) -17% EBITDA RM'Mil 196.6 225.7 (29.1) -13% Profit net of tax RM'Mil 112.6 150.5 (37.9) -25% Profit attributable to ordinary equity holders of the Company
Slide 5: Revenue
Revenue Revenue By Division (RM’Million) Property Higher revenue, by 19%, Division mainly due to: • KD Land Disposal; 1,000.0 • Strong sales achieved from 900.0 new launches in 2018 such 276.1 as the Atwater service 800.0 apartments and the Utropolis 700.0 246.4 Batu Kawan service apartments (Phase
Slide 6: Revenue - Contribution By Division
Revenue - Contribution By Division FY2018 Revenue FY2017 Revenue 30% 32% 70% 68% Property Education Property Education 6
Slide 7: PBT
PBT PBT By Division (RM’Million) Property Higher PBT, by 51%, mainly due Division to: • KD Land Disposal; • Strong sales achieved from new 200.0 launches in 2018 such as the 2.3 Atwater service apartments and 180.0 the Utropolis Batu Kawan 160.0 38.3 service apartments (Phase 2), 140.0 95.2 off-set
Slide 8: PBT – Contribution By Division
PBT – Contribution By Division FY2018 PBT FY2017 PBT 23% 47% 53% 77% Property Education Property Education 8
Slide 9: Statement of Financial Position
Statement of Financial Position 31/12/2017 RM'000 31/12/2018 (Restated) Non-current assets 1,715,298 1,832,614 Current assets 929,138 690,215 Total assets 2,644,436 2,522,829 Current liabilities 681,152 514,993 Net current assets 247,986 175,222 Non-current liabilities 613,887 690,945 Total liabilit
Slide 10: Debt/Equity Ratio
Debt/Equity Ratio 31/12/2017 31/12/2018 (Restated) RM'Mil RM'Mil Borrowings 900.7 823.8 Cash & bank balances 137.0 141.4 Total equity* 1,349.4 1,316.9 31/12/2017 31/12/2018 (Restated) Gross D/E ratio 0.67 0.63 Net D/E ratio 0.57 0.52 *Included Private Debt Securities of RM200 million Gross D/E Ratio
Slide 11: 5-Year Financial Highlights
5-Year Financial Highlights 11
Slide 12: 5-Year Financial Highlights
5-Year Financial Highlights Revenue (RM’Mil) PBT (RM’Mil) 1000 200 800 150 600 100 400 50 200 0 0 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Earnings Per Share (Sen) Net Assets Per Share (RM) 40 3.0 30 2.0 20 1.0 10 0 0.0 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 12
Slide 13: 5-Year Financial Highlights
5-Year Financial Highlights Gross Dividend Per Share (sen) and Payout Ratio (%) 20.00 52% 60% 51% 51% 18.00 48% 16.00 50% 14.00 38% 40% 12.00 10.00 30% 8.00 16.00 6.00 20% 4.00 7.50 8.25 8.50 8.50 10% 2.00 - 0% 2014 2015 2016 2017 2018 13
Slide 14: FY2018 Highlights
FY2018 Highlights 14
Slide 15: FY2018 Highlights
FY2018 Highlights Property Division Education Division • KDU UC Glenmarie and Penang • Strong property sales of 1,553 units with registering higher new student a sales value of RM1,004 million; enrolments; • Unbilled sales of RM995 million as at 31 December 2018. • KDU UC Glenmarie registering a pos
Slide 16: Total landbank & GDV
Total landbank & GDV 16
Slide 17: Total Landbank & GDV
Total Landbank & GDV Remaining Development Period Gross Remaining Project Undeveloped GDV* Lands (Million) Start End (Acres) On going Developments Kemuning Utama, Shah Alam 33.7 506 2004 2020 Sekitar26, Shah Alam 11.6 652 2013 2020 Bandar Laguna Merbok, Sungai Petani 0.0 6 1996 2018 Bukit Banyan, Su
Slide 18: Total Landbank & GDV
Total Landbank & GDV Remaining Development Period Gross GDV* Project Undeveloped (Million) Lands Start End (Acres) Projects in the Pipeline Berkeley Uptown, Klang 20.5 1,200 2019 2026 Future Projects Machang Bubuk, Penang 69.2 420 2020 2025 Total 1,620 Grand Total 6,896 * Comprising potential GDV fr
Slide 19: Prospect for 2019
Prospect for 2019 19
Slide 20: Prospect
Prospect Amid escalating trade tensions and tighter global financial conditions, the Malaysian economy recorded a respectable growth of 4.7% in 2018. For 2019, the Malaysian economy is expected to continue to expand at a steady pace. Private sector demand is expected to remain the main driver of gro
Slide 21: Prospect
Prospect For the northern region, the Paramount Property would also be launching the third phase of its serviced apartments in Batu Kawan on the back of strong sales achieved thus far. The opening of the KDU Penang University College, Batu Kawan campus targeted in September 2019 is a game-changer fo
Slide 22: Prospect
Prospect Paramount Education In spite of the challenging economic conditions affecting the K-12 segment, price wars are likely to persist as the effects of lower birth rates over the past two decades become more evident coupled with the increase in capacity which is expected to level off. Given the
Slide 23: Prospect
Prospect In line with the Group’s strategic plan of becoming a pure-play property company, it will continue to explore opportunities to unlock value of its investments. Barring any unforeseen circumstances, the Group is expected to remain resilient for the financial year ending 31 December 2019, aga
Slide 24: 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 25: Thank You
—_—— Thank You
Paramount Corporation Berhad — FY2018 Earnings Presentation on 6ix