Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — 9M2018 Earnings Presentation
23 slides from Paramount Corp. Bhd's earnings presentation, Nov 21, 2018
Slide 1: Unaudited 9M2018 Results
Unaudited 9M2018 Results 21 November 2018 1
Slide 2: 3Q2018 Results
PARAMOUNT 3Q2018 Results
Slide 3: 3Q2018 vs 3Q2017 Financial Results
3Q2018 vs 3Q2017 Financial Results 3Q2018 3Q2017 +/- % Revenue RM'Mil 210.5 187.8 22.7 12% Profit before tax RM'Mil 28.8 97.6 (68.8) -69% EBITDA RM'Mil 40.3 109.8 (69.5) -63% Profit net of tax RM'Mil 21.6 90.0 (68.4) -76% Profit attributable to ordinary equity holders of the company RM'Mil 15.6 82.8
Slide 4: 9M2018 vs 9M2017 Financial Results
9M2018 vs 9M2017 Financial Results 9M2017 9M2018 +/- % (Restated) Revenue RM'Mil 651.1 524.3 126.8 24% Profit before tax RM'Mil 107.6 145.6 (38.0) -26% EBITDA RM'Mil 140.1 174.8 (34.7) -20% Profit net of tax RM'Mil 79.5 124.3 (44.8) -36% Profit attributable to ordinary equity holders of the Company
Slide 5: Revenue
Revenue Revenue By Division (RM’Million) Property Higher revenue, by 28%, Division mainly due to: 0.1 • KD Land Disposal; off-set by 700.0 • Completion of certain phases 0.0 of Sejati Residences and 600.0 205.3 Utropolis Glenmarie’s serviced apartments in 2017 500.0 176.9 Education Higher revenue, b
Slide 6: Revenue - Contribution By Division
Revenue - Contribution By Division 9M2018 Revenue 9M2017 Revenue 32% 34% 68% 66% Property Education Property Education 6
Slide 7: PBT
PBT PBT By Division (RM’Million) Property Higher PBT, by 86%, mainly due Division to: • KD Land Disposal, off-set by • Completion of certain phases of 160.0 Sejati Residences and Utropolis 8.0 Glenmarie’s serviced 140.0 apartments in 2017 120.0 28.7 Education Lower PBT, by 67%, mainly due to: 100.0
Slide 8: PBT – Contribution By Division
PBT – Contribution By Division 9M2018 PBT 9M2017 PBT 24% 36% 76% 64% Property Education Property Education 8
Slide 9: Statement of Financial Position
Statement of Financial Position 31/12/2017 RM'000 30/9/2018 (Restated) Non-current assets 1,692,276 1,834,218 Current assets 898,669 697,092 Total assets 2,590,945 2,531,310 Current liabilities 533,951 523,051 Net current assets 364,718 174,041 Non-current liabilities 745,641 691,439 Total liabiliti
Slide 10: Debt/Equity Ratio
Debt/Equity Ratio 30/9/2018 31/12/2017 RM'Mil RM'Mil Borrowings 917.4 823.8 Cash & bank balances 148.9 141.4 Total equity* 1,311.4 1,316.8 31/12/2017 30/9/2018 (Restated) Gross D/E ratio 0.70 0.63 Net D/E ratio 0.59 0.52 *Included Private Debt Securities of RM200 million Gross D/E Ratio = Total Borr
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 2014 2015 2016 2017 9M2018 2014 2015 2016 2017 9M2018 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 9M2018 2014 2015 2016 2017 9M2018 12
Slide 13: 5-Year Financial Highlights
5-Year Financial Highlights Gross Dividend Per Share (sen) and Payout Ratio (%) 20.00 60% 50% 51% 52% 51% 18.00 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 13
Slide 14: 9M2018 Highlights
9M2018 Highlights 14
Slide 15: 9M2018 Highlights
9M2018 Highlights Property Division Education Division • KDU UC Glenmarie and Penang • Strong property sales of 1,180 units with registering higher new student a sales value of RM787 million; enrolments; • Unbilled sales of RM920 million as at 30 September 2018. • KDU UC Glenmarie registering a posi
Slide 16: Total landbank & GDV
Total landbank & GDV 16
Slide 17: 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 18: 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 Total 1,820 Grand Total 7,570 18
Slide 19: Prospect for 2018
Prospect for 2018 19
Slide 20: Prospects
Prospects • During the nine months ended 30 September 2018, the Group achieved sales of RM787 million. The Group targets to achieve property sales of approximately RM1.0 billion backed by new launches of properties of approximately RM1.2 billion for the financial year 2018. The gross development val
Slide 21: Prospects (cont’d)
Prospects (cont’d) • For the tertiary business, the Group has restructured the international marketing strategy and intensify its social media and digital marketing to promote its flagship schools. The total tertiary student enrolments has improved during the nine (9) months ended 30 September 2018
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
—_—— Thank You
Paramount Corporation Berhad — 9M2018 Earnings Presentation on 6ix