Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — Q1 2019 Earnings Presentation
23 slides from Paramount Corp. Bhd's earnings presentation, May 23, 2019
Slide 1: Unaudited 1Q2019 Results
Unaudited 1Q2019 Results 23 May 2019 1
Slide 2: 1Q2019 Results
PARAMOUNT 1Q2019 Results
Slide 3: 1Q2019 vs 1Q2018 Financial Results
1Q2019 vs 1Q2018 Financial Results 1Q2019 1Q2018 +/- % Revenue RM'Mil 191.4 162.2 29.2 18% Profit before tax RM'Mil 19.2 18.0 1.2 7% EBITDA RM'Mil 36.1 28.4 7.7 27% Profit net of tax RM'Mil 12.0 13.2 (1.2) -9% Profit attributable to ordinary equity holders of the Company RM'Mil 6.2 7.0 (0.8) -11% Ea
Slide 4: Revenue
Revenue Revenue By Division (RM’Million) Property Higher revenue, by 34%, Division mainly due to: • More advanced stage of 200.0 completion at the Utropolis 180.0 0.1 Glenmarie 69.3 • Contribution from new 160.0 phases that were launched in 140.0 FY2018, namely the 70.8 Greenwoods, Salak Tinggi 120.
Slide 5: Revenue - Contribution By Division
Revenue - Contribution By Division 1Q2019 Revenue 1Q2018 Revenue 36% 44% 64% 56% Property Education Property Education 5
Slide 6: PBT
PBT PBT By Division (RM’Million) Property Higher PBT, by 68%, mainly due Division to: • More advanced stage of completion at the Utropolis 25.0 Glenmarie • Contribution from new phases 9.6 that were launched in FY2018, 20.0 namely the Greenwoods, Salak Tinggi and the Utropolis Batu 12.7 Kawan, Penan
Slide 7: PBT – Contribution By Division
PBT – Contribution By Division 1Q2019 PBT 1Q2018 PBT 41% 40% 60% 59% Property Education Property Education 7
Slide 8: Statement of Financial Position
Statement of Financial Position RM'000 31/3/2019 31/12/2018 Non-current assets 1,983,946 1,747,452 Current assets 905,827 928,178 Total assets 2,889,773 2,675,630 Current liabilities 836,455 835,218 Net current assets 69,372 92,960 Non-current liabilities 750,205 494,127 Total liabilities 1,586,660
Slide 9: Debt/Equity Ratio
Debt/Equity Ratio 31/3/2019 31/12/2018 RM'Mil RM'Mil Borrowings 1,106.1 900.7 Cash & bank balances 106.4 137.0 Total equity* 1,303.1 1,346.3 31/3/2019 31/12/2018 Gross D/E ratio 0.85 0.67 Net D/E ratio 0.77 0.57 *Included Private Debt Securities of RM150 million (2018: 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) 1000 200 800 150 600 100 400 50 200 0 0 2015 2016 2017 2018 3M2018 2015 2016 2017 2018 3M2019 Earnings Per Share (Sen) Net Assets Per Share (RM) 40 2.6 30 2.4 20 2.2 10 2.0 0 1.8 2015 2016 2017 2018 3M2019 2015 2016 2017 2018 2019 11
Slide 12: 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% 40% 14.00 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 12
Slide 13: 1Q2019 Highlights
1Q2019 Highlights 13
Slide 14: 1Q2019 Highlights
1Q2019 Highlights Property Division Education Division • KDU UC Glenmarie registering a higher • Property sales of 201 units with a sales EBITDA of RM2.44 million (1Q2018: value of RM104 million; RM1.32 million). • Unbilled sales of RM907 million as at 31 March 2019. • Adoption of the MFRS 16 Leases
Slide 15: Total landbank & GDV
Total landbank & GDV 15
Slide 16: 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 2026 Sekitar26, Shah Alam 11.6 646 2013 2026 Bandar Laguna Merbok, Sungai Petani 0.0 6 Bukit Banyan, Sungai Petan
Slide 17: 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 2028 Lakeside, Cyberjaya 41.4 570 2019 2023 Future Projects Machang Bubuk, Penang 69.2 420 2020 2025 Total 131.1 2,190 Gr
Slide 18: Prospect for 2019
Prospect for 2019 18
Slide 19: Prospect
Prospect The Malaysian economy grew by 4.5% in the 1Q2019. Private sector activity remained the key driver of growth, supported mainly by firm private consumption growth during the quarter. Going forward, the Malaysian economy is expected to remain on a steady growth path. Private sector demand is e
Slide 20: Prospect
Prospect During 1Q2019, the Group has completed the acquisition of 41.4 acres of land located close to the existing project, Sejati Residences, Cyberjaya with a projected gross development value of RM570 million. Paramount Property is working towards launching the first phase of the development in 4
Slide 21: 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 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 — Q1 2019 Earnings Presentation on 6ix