Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — 9M2021 Earnings Presentation
24 slides from Paramount Corp. Bhd's earnings presentation, Nov 25, 2021
Slide 1: Unaudited 9M2021 Results
Unaudited 9M2021 Results 25th November 2021 1
Slide 2: 9M2021 Results
PARAMOUNT 9M2021 Results
Slide 3: 3Q2021 vs 3Q2020 Financial Results
3Q2021 vs 3Q2020 Financial Results 3Q2020 3Q2021 +/- % (Restated) Continuing Revenue RM'Mil 84.8 218.9 (134.1) -61% Profit before tax RM'Mil 6.4 37.1 (30.7) -83% EBITDA RM'Mil 15.9 46.2 (30.3) -66% Profit after tax RM'Mil 5.8 26.5 (20.7) -78% Profit for the period RM'Mil 5.8 26.5 (20.7) -78% Profit
Slide 4: 9M2021 vs 9M2020 Financial Results
9M2021 vs 9M2020 Financial Results 9M2020 9M2021 +/- % (Restated) Continuing Revenue RM'Mil 364.0 405.2 (41.2) -10% Profit before tax RM'Mil 27.4 38.6 (11.2) -29% EBITDA RM'Mil 56.0 65.2 (9.2) -14% Profit after tax RM'Mil 16.9 26.8 (9.9) -37% Discontinued Profit after tax RM'Mil 0.0 470.6 (470.6) -1
Slide 5: 9M2021 vs 9M2020 Financial Results
9M2021 vs 9M2020 Financial Results Continuing operations For the 9M2021, the Group achieved a revenue of RM364.0 million (9M2020: RM405.2 million) and a PBT of RM27.4 million (9M2020: RM38.6 million), which were 10% and 29% lower than the same period last year. Hence, the Group recorded a profit att
Slide 6: Revenue – continuing operations
Revenue – continuing operations Revenue By Division (RM’Million) Property Adversely affected by various Division degrees of disruptions such 2.1 as closure of construction 450.0 sites and sales galleries 4.6 2.3 400.0 3.8 Top 3 revenue contributions 350.0 were Bukit Banyan 300.0 development in Kedah
Slide 7: PBT - continuing operations
PBT - continuing operations PBT By Division (RM’Million) Property Higher PBT was due to lower Division interest expense and without the impairment loss of an 2.1 50.0 investment property that was recognised in 3Q2020. 40.0 Co-labs Loss before tax remained at 30.0 Coworking RM3.3 million 39.8 42.9 Di
Slide 8: Statement of Financial Position
Statement of Financial Position 30/9/2021 31/12/2020 RM'000 (Restated) Non-current assets 1,856,830 1,846,620 Current assets 986,077 1,118,030 Total assets 2,842,907 2,964,650 Current liabilities 434,681 474,935 Net current assets 551,396 643,095 Non-current liabilities 744,845 810,331 Total liabili
Slide 9: Debt/Equity Ratio
Debt/Equity Ratio 30/9/2021 31/12/2020 (Restated) RM'Mil RM'Mil Borrowings 919.1 954.2 Cash & bank balances 128.3 204.3 Total equity* 1,663.4 1,679.4 30/9/2021 31/12/2020 Gross D/E ratio 0.55 0.57 Net D/E ratio 0.48 0.45 *Included Private Debt Securities of RM249 million (2020: RM249 million) Gross
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 2017 2018 2019 2020 9M2021 2017 2018 2019 2020 9M2021 Earnings Per Share (Sen) Net Assets Per Share (RM) 100.00 3.0 79.37 80.00 60.00 2.0 40.00 22.51 1.0 15.29 17.17 20.00 0.68 0.00 0.0 2017 2018 2019 2
Slide 12: 5-Year Financial Highlights
5-Year Financial Highlights Gross Dividend Per Share (sen) and Payout Ratio (%) 35.00 60% 51% 30.00 48% 50% 40% 40% 25.00 38% 40% 20.00 31.50 30% 15.00 20% 10.00 16.00 5.00 10% 8.50 8.50 6.50 - 0% 2016 2017 2018 2019 2020 12
Slide 13: 9M2021 Highlights
9M2021 Highlights 13
Slide 14: 9M2021 Highlights
9M2021 Highlights Property Division Co-labs Coworking Division • 682 units of properties were launched in • New outlet opened at Tropicana 9M2021 (9M2020: 1,192 units). Gardens, Kota Damansara in January 2021 • Property sales of 598 units with a sales value of RM354 million, 30% lower than 9M2020 of
Slide 15: Total landbank & GDV
PARAMOUNT Total landbank & GDV
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 26.7 418 2004 2026 Sekitar26, Shah Alam 11.6 154 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) Start End Lands (Acres) Project in the pipeline Ampang Hilir, Kuala Lumpur 4.5 968 2021 2027 Future Projects Bukit Banyan II, Sungai Petani 137.1 405 2023 2027 Machang Bubuk,
Slide 18: Total Landbank & GDV
Total Landbank & GDV Remaining Development Period Gross Project developed by associate GDV^ Undeveloped company (Million) Lands Start End (Acres) Na Reva - 65 2020 2023 ^ Being the Group’s share of GDV from properties launched by Navarang Charoennakhon Company Limited but remained unsold as at 30 Se
Slide 19: Prospect for 2021
PARAMOUNT __ Prospect for 2021
Slide 20: Prospect
Prospect The Malaysian economy contracted by 4.5% in the third quarter of 2021 (2Q 2021: +16.1%). This was largely attributable to the strict containment measures particularly in July, under Phase 1 of the National Recovery Plan. Economic activity subsequently picked up as more states transitioned i
Slide 21: Prospect (cont’d)
Prospect (cont’d) a) Property With the easing of the COVID-19 restrictions, the Group is hopeful to regain the strong sales momentum that was disrupted by the prolonged movement restrictions. In November 2021, it launched The Atrium, a 20-storey tower service apartments situated along Jalan Ampang a
Slide 22: Prospect (cont’d)
Prospect (cont’d) For so long as COVID-19 infection remains a risk in the community, the Group will continue to be vigilant, safeguard its staff and workers' wellbeing and take actions to minimise disruption to its supply chain. Pursuant to the measures taken by the Group to vaccinate its workers, a
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 24
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