Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — 6M2020 Earnings Presentation
23 slides from Paramount Corp. Bhd's earnings presentation, Aug 24, 2020
Slide 1: Unaudited 6M2020 Results
Unaudited 6M2020 Results 24 August 2020 1
Slide 2: 2Q2020 Results
PARAMOUNT 2Q2020 Results
Slide 3: 2Q2020 vs 2Q2019 Financial Results
2Q2020 vs 2Q2019 Financial Results 2Q2020 2Q2019 +/- % Continuing Revenue RM'Mil 64.2 216.9 (152.7) -70% Profit/(loss) before tax RM'Mil (2.0) 35.4 (37.4) -106% EBITDA RM'Mil 4.7 41.7 (37.0) -89% Profit/(loss) after tax RM'Mil (2.1) 24.6 (26.7) -109% Discontinued Profit after tax RM'Mil 0.0 5.9 (5.9
Slide 4: 6M2020 vs 6M2019 Financial Results
6M2020 vs 6M2019 Financial Results 6M2020 6M2019 +/- % Continuing Revenue RM'Mil 186.3 339.2 (152.9) -45% Profit before tax RM'Mil 2.3 44.0 (41.7) -95% EBITDA RM'Mil 18.0 55.3 (37.3) -67% Profit after tax RM'Mil 0.9 29.3 (28.4) -97% Discontinued Profit after tax RM'Mil 470.6 13.2 457.4 3465% Profit
Slide 5: 6M2020 vs 6M2019 Financial Results
6M2020 vs 6M2019 Financial Results Continuing operations For 6M2020, the Group's revenue from continuing operations was RM186.3 million, which was RM152.9 million lower than that of the corresponding period last year of RM339.2 million. On the back of the lower revenue, the Group recorded a PBT from
Slide 6: Revenue – continuing operations
Revenue – continuing operations Revenue By Division (RM’Million) Property Lower revenue mainly due to 1.3 Division lower construction activities and lower sales achieved. 350.0 0.4 • Loss of 10 weeks on 300.0 average of construction 250.0 1.2 time in 6M2020 as construction sites of all 200.0 project
Slide 7: PBT - continuing operations
PBT - continuing operations PBT By Division (RM’Million) Property Lower PBT mainly due to lower Division revenue recorded as explained earlier 60.0 50.0 40.0 57.1 30.0 20.0 1.3 10.0 -2.5 -2.3 3.3 -10.6 0.0 6M2020 6M2019 -10.0 -20.0 Property Co-labs Others 7
Slide 8: Statement of Financial Position
Statement of Financial Position RM'000 30/6/2020 31/12/2019 Non-current assets 1,671,928 1,538,447 Current assets 1,034,831 1,535,106 Total assets 2,706,759 3,073,553 Current liabilities 357,285 884,910 Net current assets 677,546 650,196 Non-current liabilities 674,948 724,494 Total liabilities 1,03
Slide 9: Debt/Equity Ratio
Debt/Equity Ratio 30/6/2020 31/12/2019 RM'Mil RM'Mil Borrowings 782.8 911.9 Cash & bank balances 324.4 134.7 Total equity* 1,674.5 1,464.1 30/6/2020 31/12/2019 Gross D/E ratio 0.47 0.62 Net D/E ratio 0.27 0.53 *Included Private Debt Securities of RM249 million (2019: RM249 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) 800 120 100 600 80 400 60 40 200 20 0 0 2016 2017 2018 2019 6M2020 2016 2017 2018 2019 6M2020 Earnings Per Share (Sen) Net Assets Per Share (RM) 80.00 3.0 60.00 2.0 40.00 20.00 1.0 0.00 0.0 2016 2017 2018 2019 6M2020 2016 2017 2018 2019 2Q202
Slide 12: 5-Year Financial Highlights
5-Year Financial Highlights Gross Dividend Per Share (sen) and Payout Ratio (%) 20.00 60% 52% 51% 18.00 48% 16.00 50% 40% 14.00 38% 40% 12.00 10.00 30% 8.00 16.00 6.00 20% 4.00 8.25 8.50 8.50 10% 2.00 6.50 - 0% 2015 2016 2017 2018 2019 12
Slide 13: 6M2020 Highlights
6M2020 Highlights 13
Slide 14: 6M2020 Highlights
6M2020 Highlights Property Division Education Division • The disposal of Paramount’s controlling • Property sales of 448 units with a sales equity interests in the pre-tertiary value of RM193 million; education business was completed on • Unbilled sales stood at RM873 million as 20 February 2020 and
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 26.7 512 2004 2026 Sekitar26, Shah Alam 11.6 609 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) Lands Start End (Acres) Future Projects Machang Bubuk, Penang 69.2 420 2023 2027 Grand Total 505.1 6,714 * Comprising potential GDV from undeveloped lands and GDV from proper
Slide 18: Prospect for 2020
Prospect for 2020 18
Slide 19: Prospect
Prospect The Malaysian economy contracted by 17.1% in the 2Q2020 (1Q2020: 0.7%). The decline reflected the unprecedented impact of the stringent containment measures to control the COVID-19 pandemic globally and domestically. However, with the reopening of economic activities, a concurrent improveme
Slide 20: Prospect (cont’d)
Prospect (cont’d) In line with the Group's strategy of replenishing land bank at strategic locations with strong growth potential and to scale up its property development activities to generate long term sustainable income, the Group has entered into a sale and purchase agreement to acquire 137.1 ac
Slide 21: Prospect (cont’d)
Prospect (cont’d) Although a gradual recovery in demand is expected on the easing of containment measures, the resurgence of COVID- 19 infections remains a risk. Hence, the Group will continue to be vigilant and have taken measures to safeguard its staff wellbeing and minimise disruption to its supp
Slide 22: 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 23: Thank You
—_—— Thank You
Paramount Corporation Berhad — 6M2020 Earnings Presentation on 6ix