Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — Q2 2019 Earnings Presentation
24 slides from Paramount Corp. Bhd's earnings presentation, Aug 22, 2019
Slide 1: Unaudited 6M2019 Results
Unaudited 6M2019 Results 22 August 2019 1
Slide 2: 2Q2019 Results
PARAMOUNT 2Q2019 Results
Slide 3: 2Q2019 vs 2Q2018 Financial Results
2Q2019 vs 2Q2018 Financial Results 2Q2019 2Q2018 +/- % Revenue RM'Mil 287.4 278.4 9.0 3% Profit before tax RM'Mil 45.2 60.8 (15.6) -26% EBITDA RM'Mil 64.1 71.4 (7.3) -10% Profit net of tax RM'Mil 30.5 44.7 (14.2) -32% Profit attributable to ordinary equity holders of the company RM'Mil 28.5 42.3 (13
Slide 4: 6M2019 vs 6M2018 Financial Results
6M2019 vs 6M2018 Financial Results 6M2019 6M2018 +/- % Revenue RM'Mil 478.9 440.6 38.3 9% Profit before tax RM'Mil 64.4 78.8 (14.4) -18% EBITDA RM'Mil 100.2 99.7 0.5 1% Profit net of tax RM'Mil 42.5 57.9 (15.4) -27% Profit attributable to ordinary equity holders of the Company RM'Mil 34.6 49.3 (14.7
Slide 5: Revenue
Revenue Revenue By Division (RM’Million) Property Higher revenue, by 12%, Division mainly due to: • Higher sales from Sejati 500.0 Residences and the 450.0 140.0 completion of its Phase 3A in 2Q2019; 400.0 139.3 • Higher sales from Bukit 350.0 Banyan boosted by its participation in the House 300.0 O
Slide 6: Revenue - Contribution By Division
Revenue - Contribution By Division 6M2019 Revenue 6M2018 Revenue 29% 32% 71% 68% Property Education Property Education 6
Slide 7: PBT
PBT PBT By Division (RM’Million) Property Higher PBT (excluding KD Land Division Disposal) , by 153%, mainly due to: • Higher sales from Sejati 90.0 Residences and the completion of its Phase 3A in 2Q2019; 80.0 22.2 • Higher sales from Bukit Banyan boosted by its participation in 70.0 19.2 the House
Slide 8: PBT – Contribution By Division
PBT – Contribution By Division 6M2019 PBT 6M2018 PBT 26% 26% 74% 74% Property Education Property Education 8
Slide 9: Statement of Financial Position
Statement of Financial Position RM'000 30/6/2019 31/12/2018 Non-current assets 1,535,927 1,747,452 Current assets 1,389,778 928,178 Total assets 2,925,705 2,675,630 Current liabilities 1,009,184 835,218 Net current assets 380,594 92,960 Non-current liabilities 584,510 494,127 Total liabilities 1,593
Slide 10: Debt/Equity Ratio
Debt/Equity Ratio 30/6/2019 31/12/2018 RM'Mil RM'Mil Borrowings 957.7 900.7 Cash & bank balances 68.4 137.0 Total equity* 1,332.0 1,346.3 30/6/2019 31/12/2018 Gross D/E ratio 0.72 0.67 Net D/E ratio 0.67 0.57 *Included Private Debt Securities of RM150 million (2018: RM200 million) Gross D/E Ratio =
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) 1000 200 800 150 600 100 400 50 200 0 0 2015 2016 2017 2018 6M2019 2015 2016 2017 2018 6M2019 Earnings Per Share (Sen) Net Assets Per Share (RM) 40 3.0 30 2.0 20 1.0 10 0 0.0 2015 2016 2017 2018 6M2019 2015 2016 2017 2018 2019 12
Slide 13: 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 13
Slide 14: 6M2019 Highlights
6M2019 Highlights 14
Slide 15: 6M2019 Highlights
6M2019 Highlights Property Division Education Division • KDU UC Glenmarie registering a higher • Property sales of 497 units with a sales EBITDA of RM5.50 million (6M2018: value of RM310 million; RM4.61 million). • Unbilled sales of RM978 million as at 30 June 2019. • Adoption of the MFRS 16 Leases
Slide 16: Total landbank & GDV
Total landbank & GDV 16
Slide 17: 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 11.6 636 2013 2026 Bandar Laguna Merbok, Sungai Petani 0.0 6 Bukit Banyan, Sungai Petan
Slide 18: 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 2018 2028 Lakeside, Cyberjaya 41.4 570 2019 2025 Future Projects Machang Bubuk, Penang 69.2 420 2020 2025 Total 131.1 2,190 Gr
Slide 19: Prospect for 2019
Prospect for 2019 19
Slide 20: Prospect
Prospect The Malaysian economy grew by 4.9% in 2Q2019 (1Q2019: 4.5%) supported by higher household spending and private investment. Following the strong economic performance in the first half of 2019, the 2019 real gross domestic product growth for Malaysia is forecasted to be 4.6%, according to an
Slide 21: Prospect
Prospect On the coworking space front, the Group has opened a coworking space of 27,700 sq ft at Naza Tower, KL City Center in June 2019 while the Sekitar26, Shah Alam co-working space of 34,400 sq ft was opened in July 2019. In addition, the expansion at The Starling Mall site is targeted to be com
Slide 22: Prospect
Prospect Paramount Education Pre-Tertiary Education The proposed disposal by Paramount of its controlling equity interests in Paramount Education Sdn Bhd, Paramount Education (Klang) Sdn Bhd and Sri KDU Sdn Bhd (as set out in Note B6(iii)) ("Proposed Disposal") will enable the Paramount Group to mon
Slide 23: 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 24: Thank You
—_—— Thank You
Paramount Corporation Berhad — Q2 2019 Earnings Presentation on 6ix