24 slides from Paramount Corp. Bhd's earnings presentation, Nov 14, 2017
Slide 1: Unaudited 9M2017 Results
Unaudited 9M2017 Results 14 November 2017 1
Slide 2: 3Q2017 Results
PARAMOUNT 3Q2017 Results
Slide 3: 3Q2017 vs 3Q2016 Financial Results
3Q2017 vs 3Q2016 Financial Results 3Q2017 3Q2016 +/- % Revenue RM'Mil 191.1 134.8 56.3 42% Profit before tax RM'Mil 101.5 21.7 79.8 368% EBITDA RM'Mil 114.5 29.6 84.9 287% Profit net of tax RM'Mil 92.9 16.3 76.6 470% Profit attributable to ordinary equity holders of the company RM'Mil 85.8 11.2 74.6
Slide 4: 9M2017 vs 9M2016 Financial Results
9M2017 vs 9M2016 Financial Results 9M2017 9M2016 +/- % Revenue RM'Mil 518.6 393.4 125.2 32% Profit before tax RM'Mil 144.4 74.7 69.7 93% EBITDA RM'Mil 175.8 95.5 80.3 84% Profit net of tax RM'Mil 123.5 56.8 66.7 117% Profit attributable to ordinary equity holders of the Company RM'Mil 108.7 44.8 63.
Slide 5: Revenue
Revenue Revenue By Division (RM’Million) Property Higher revenue, by 26%, due Division to: • Higher sales and progressive 600.0 0.0 billings from the Utropolis Batu Kawan, Sejati 500.0 0.6 Residences and 167.7 Greenwoods Salak Perdana developments. 400.0 113.3 Education Higher revenue, by 48% due to
Slide 6: Revenue - Contribution By Division
Revenue - Contribution By Division 9M2017 Revenue 9M2016 Revenue 32% 29% 68% 71% Property Education Property Education 6
Slide 7: PBT
PBT PBT By Division (RM’Million) Property Lower PBT, by 7%, due to: Division • Higher losses incurred by the retail mall, Utropolis 160.0 7.9 Marketplace; • Lower contribution from the 140.0 construction business, 120.0 offset by; • Higher PBT from the Utropolis 100.0 87.5 Batu Kawan, Sejati Residen
Slide 8: PBT – Contribution By Division
PBT – Contribution By Division 9M2017 PBT 9M2016 PBT 36% 35% 65% 64% Property Education Property Education 8
Slide 9: Statement of Financial Position
Statement of Financial Position RM'000 30/9/2017 31/12/2016 Non-current assets 1,757,076 1,533,793 Current assets 746,096 484,918 Total assets 2,503,172 2,018,711 Current liabilities 522,013 450,695 Net current assets 224,083 34,223 Non-current liabilities 724,936 433,593 Total liabilities 1,246,949
Slide 10: Debt/Equity Ratio
Debt/Equity Ratio 30/9/2017 31/12/2016 RM'Mil RM'Mil Borrowings 880.2 636.6 Cash & bank balances 161.6 149.2 Total equity* 1,256.2 1,134.4 30/9/2017 31/12/2016 Gross D/E ratio 0.70 0.56 Net D/E ratio 0.57 0.43 *Included Private Debt Securities of RM200 million Gross D/E Ratio = Total Borrowings/Tota
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) 800 200 600 150 400 100 200 50 0 0 2013 2014 2015 2016 9M2017 2013 2014 2015 2016 9M2017 Earnings Per Share (Sen) Net Assets Per Share (RM) 30.0 2.4 20.0 2.2 10.0 2.0 0.0 1.8 2013 2014 2015 2016 9M2017 2013 2014 2015 2016 9M2017 12
Slide 13: 5-Year Financial Highlights
5-Year Financial Highlights Gross Dividend Per Share (sen) and Payout Ratio (%) 12.00 52% 60% 50% 51% 48% 48% 10.00 50% 8.00 40% 6.00 30% 4.00 8.00 8.00 7.50 8.25 8.50 20% 2.00 10% - 0% 2012 2013 2014 2015 2016 An interim dividend of 2.50 sen per share for the financial year ending 31 December 2017
Slide 14: 9M2017 Highlights
PARAMOUNT 9M2017 Highlights
Slide 15: 9M2017 Highlights
9M2017 Highlights Property Division Education Division • Strong property sales of 1,031 units with • New stream of income from REAL a sales value of RM633 million Education Group which contributed surpassing the full year 2016 sales of revenue and PBT of RM52.5 million and RM402 million; RM9.7 milli
Slide 16: Total Landbank & GDV
PARAMOUNT TotalLlandbank & GDV
Slide 17: Total Landbank & GDV
Total Landbank & GDV Remaining Development Period Original Land Project GDV Size (Acre) (Million) Start End On going Developments Sekitar26 Business, Shah Alam 13.5 0 2013 2016 Paramount Utropolis, Glenmarie 11.8 330 2013 2023 Bandar Laguna Merbok, 500 3 1996 2016 Sungai Petani Bukit Banyan, Sungai
Slide 18: Total Landbank & GDV
Total Landbank & GDV Development Period Land Size GDV Project (Acre) (Million) Start End Projects in the Pipeline Sekitar26, Shah Alam 16.8 554 2017 2020 Section 13, Petaling Jaya 5.2 608 2018 2020 Jalan Goh Hock Huat, Klang 29.16 1,379 2018 2026 Future Projects 2,541 Machang Bubuk, Penang 65 324 Lo
Slide 19: Prospect for 2017
PARAMOUNT Prospect for 2017
Slide 20: Prospects
Prospects • Paramount Property recorded sales of RM213 million for 3Q2017 mainly from the encouraging take-up rate of new launches, namely Urbano at Glenmarie and Sekitar Business Park at Shah Alam. 9M2017 sales of RM633 million had surpassed the 2016 full-year sales of RM402 million. Unbilled sales
Slide 21: Prospects (cont’d)
Prospects (cont’d) • Sekitar26 Enterprise, a neighbourhood community retail centre designed for a myriad of uses and anchored by Paramount Property’s new development office, has also been receiving satisfactory take-up rate. • Paramount Property’s performance will be further supported by the rolling
Slide 22: Prospects (cont’d)
Prospects (cont’d) • With the enlarged K-12 segment, comprising Sri KDU and REAL Education which offer premium and more affordably priced alternative private and international schools respectively, Paramount Education is now able to reach a wider segment of the K-12 market. Sri KDU’s mark of excelle
Slide 23: Disclaimer
Disclaimer 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 unc
Slide 24: Thank You
eee Thank You