Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — Q1 2018 Earnings Presentation
23 slides from Paramount Corp. Bhd's earnings presentation, May 23, 2018
Slide 1: Unaudited 1Q2018 Results
Unaudited 1Q2018 Results 23 May 2018 1
Slide 2: 1Q2018 Results
PARAMOUNT 1Q2018 Results
Slide 3: 1Q2018 vs 1Q2017 Financial Results
1Q2018 vs 1Q2017 Financial Results 1Q2017 1Q2018 +/- % (Restated) Revenue RM'Mil 162.2 144.1 18.1 13% Profit before tax RM'Mil 18.0 17.5 0.5 3% EBITDA RM'Mil 26.9 25.0 1.9 8% Profit net of tax RM'Mil 13.2 12.0 1.2 10% Profit attributable to ordinary equity holders of the Company RM'Mil 7.0 7.0 0.0 0
Slide 4: Revenue
Revenue Revenue By Division (RM’Million) Property Lower revenue, by 11%, due to: Division • Lower level of construction 0.0 activities achieved 180.0 • Completion of certain phases 0.1 160.0 within the high-end Sejati Residences comprising 140.0 70.8 40.8 semi-detached and superlink properties in Cy
Slide 5: Revenue - Contribution By Division
Revenue - Contribution By Division 1Q2018 Revenue 1Q2017 Revenue 28% 44% 56% 72% Property Education Property Education 5
Slide 6: PBT
PBT PBT By Division (RM’Million) Property Lower PBT, by 34%, due to: Division • Lower level of construction activities achieved 25.0 • Completion of certain phases within the high-end Sejati Residences comprising semi- 20.0 detached and superlink 6.9 12.7 properties in Cyberjaya and 15.0 Utropolis G
Slide 7: PBT – Contribution By Division
PBT – Contribution By Division 1Q2018 PBT 1Q2017 PBT 41% 35% 59% 65% Property Education Property Education 7
Slide 8: Statement of Financial Position
Statement of Financial Position 31/12/2017 RM'000 31/3/2018 (Restated) Non-current assets 1,757,031 1,834,498 Current assets 747,716 697,092 Total assets 2,504,747 2,531,590 Current liabilities 528,594 523,050 Net current assets 219,122 174,042 Non-current liabilities 683,267 691,098 Total liabiliti
Slide 9: Debt/Equity Ratio
Debt/Equity Ratio 31/12/2017 31/3/2018 (Restated) RM'Mil RM'Mil Borrowings 881.0 823.8 Cash & bank balances 104.8 141.4 Total equity* 1,292.9 1,317.4 31/12/2017 31/3/2018 (Restated) Gross D/E ratio 0.68 0.63 Net D/E ratio 0.60 0.52 *Included Private Debt Securities of RM200 million Gross D/E Ratio =
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) 800 200 600 150 400 100 200 50 0 0 2014 2015 2016 2017 1Q2018 2014 2015 2016 2017 1Q2018 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 1Q2018 2014 2015 2016 2017 1Q2018 11
Slide 12: 5-Year Financial Highlights
5-Year Financial Highlights Gross Dividend Per Share (sen) and Payout Ratio (%) 20.00 60% 51% 52% 51% 18.00 50% 48% 16.00 50% 14.00 40% 12.00 10.00 30% 8.00 6.00 20% 8.25 8.50 16.00 4.00 8.00 7.50 10% 2.00 - 0% 2013 2014 2015 2016 2017 12
Slide 13: 1Q2018 Highlights
PARAMOUNT 1Q2018 Highlights
Slide 14: 1Q2018 Highlights
1Q2018 Highlights Property Division Education Division • Strong property sales of 376 units with a • New stream of income from REAL sales value of RM227 million; Education Group which contributed revenue and PBT of RM27 million and • Unbilled sales of RM736 million as at 31 RM4.9 million, respective
Slide 15: Total Landbank & GDV
PARAMOUNT TotalLlandbank & GDV
Slide 16: Total Landbank & GDV
Total Landbank & GDV Remaining Development Period Original Land Project GDV Size (Acre) (Million) Start End On going Developments Kemuning Utama, Shah Alam 524.7 506 2004 2020 Sekitar26, Shah Alam 11.6 372 2013 2020 Bandar Laguna Merbok, Sungai Petani 500 6 1996 2018 Bukit Banyan, Sungai Petani 520
Slide 17: Total Landbank & GDV
Total Landbank & GDV Development Period Land Size GDV Project (Acre) (Million) Start End Projects in the Pipeline Berkeley Uptown, Klang 33.3 1,410 2018 2026 Future Projects Machang Bubuk, Penang 69.2 410 2019 2027 Lots 7&9, Kota Damansara* 9.5 870 Total 2,690 Grand Total 8,440 Note: * Pending compl
Slide 18: Prospect for 2018
PARAMOUNT Prospect for 2018
Slide 19: Prospects
Prospects • Amid the stronger global economic conditions, the Malaysian economy is projected to grow by 5.5% - 6.0% in 2018. Domestic demand will continue to be the anchor of growth, underpinned by private sector activity. Private consumption growth is expected to remain sustained, supported by cont
Slide 20: Prospects (cont’d)
Prospects (cont’d) • In respect of the education segment, competition will remain intense amidst a highly price sensitive environment, with slow market growth and high market penetration for the tertiary segment. The K-12 segment is expected to see continued mushrooming of new entrants into the mark
Slide 21: Prospects (cont’d)
Prospects (cont’d) • In line with the Group’s asset light strategy, it will continue to pursue sale & leaseback of assets and to build strategic partnerships to undertake development projects on joint venture basis if such opportunities arise. • Barring any unforeseen circumstances, the Group is exp
Slide 22: 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 23: Thank You
eee Thank You
Paramount Corporation Berhad — Q1 2018 Earnings Presentation on 6ix