Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — FY2024 Earnings Presentation
35 slides from Paramount Corp. Bhd's earnings presentation, Mar 4, 2025
Slide 1: Investor Relations & Media Presentation FY2024 Results
Investor Relations & Media Presentation FY2024 Results 4 March 2025 1
Slide 2: Our Businesses (as at 31 Dec 2024)
Our Businesses (as at 31 Dec 2024) RM965.3m* Development Development Retail Mall (Domestic) (Overseas) Property Property Property RM18.3m* Coworking Space ❑ The Five, Damansara ❑ The Starling Plus Uptown 7, Damansara Uptown Design & Build Heights, Kuala Lumpur Solutions ❑ The Starling Mall, ❑ Menara
Slide 3: Highlights
PARAMOUNT Highlights
Slide 4: FY2024 Highlights
FY2024 Highlights Revenue PBT Profit attributable to shareholders RM1,040m RM157m RM102m YOY 3% YOY 20% YOY 24% Properties Properties Property Launched Completed Sales RM1,389m RM2,184m RM2,022m ^ YOY 24% YOY 147% YOY 344% Unbilled Sales Overseas 1st Place in expansion Top-of-the-Chart RM1,602m Acqu
Slide 5: Revenue & PBT Growth (2020-2024)
Revenue & PBT Growth (2020-2024) Revenue CAGR: 15% PBT CAGR: 32% RM’ mil RM’ mil 1200 160 156.9 1,012.2 1,040.2 140 130.2 1000 847.5 120 105.1 800 681.4 100 593.6 600 80 70.3 60 51.5 400 40 200 20 0 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 PBT Margin 8.7% 10.3% 12.4% 12.9% 15.1% Note: The
Slide 6: Gross Div Per Share & Payout Ratio
Gross Div Per Share & Payout Ratio Dividend Special Dividend Payout Ratio Net assets per share sen Payout ratio Total Dividends (2020 – 2024) = 67 sen @ 31 Dec 2024 35 200% RM2.30 30 186% ** 180% 160% Market price per share 25 140% @ 28 Feb 2025 120% 20 RM1.06 15 29 65% 100% # # 80% # 12.0 53% 40% 4
Slide 7: Operational Review
PARAMOUNT ~ Operational Review
Slide 8: FY2024 Property Sales & Unbilled Sales
FY2024 Property Sales & Unbilled Sales Sales of above RM1bn for the third year in a row; Upward trend of unbilled sales, achieving new record in Dec 2024 Sales and unbilled sales FY2024 Sales Atwater offices, Arinna Sekitar26, Sejati Lakeside, Sejati RM’ mil Selangor 3% Kemuning Lakeside2 1% 1,800 U
Slide 9: On-going products – Units sold & launches
On-going products – Units sold & launches Overall sales rate of 58% was lower given large launches in 2024; on-going GDV RM3.7bn 2 On-going L GDV launched in FY2024 % of units On-going GDV as at a sold Type of projects by 31 Dec Locations as at 31 Dec development subsidiaries 2024 GDV 2024^ RM’m Qua
Slide 10: Co-labs Coworking & Scalable Malaysia
Co-labs Coworking & Scalable Malaysia Average occupancy improved to 80%; one new space was opened (The Five) Co-labs Coworking as at 31 Dec 2024 The Five Average occupancy 9% Shah Alam rate @ 31/12/2024 20% Ken TTDI 80% (31/12/2023: 70%) 19% 169,000 sq ft Naza Tower Starling 17% * Plus 7 spaces 9% I
Slide 11: Financial Review
PARAMOUNT ~ Financial Review
Slide 12: Financial Overview
Financial Overview Profit was lifted by dividend from investment but offset by investment impairments FY2024 FY2023 Variance RM’000 RM’000 % Investment & others Unaudited Audited Coworking RM56.5m RM18.3m^ Revenue 1,040,161 1,012,252 +3 Operating profit before depreciation & interest 226,075 183,363
Slide 13: Property Segment
Property Segment Higher PBT on change in product mix and cost savings Yr on Yr The Atrium, Kuala Lumpur 1% Sejati Lakeside, Atwater commercial, Sejati Residences,Selangor, 3% Bukit Banyan, • Revenue RM965.3m 1% Greenwoods Salak Sekitar26, Selangor 2% Kedah 12% Perdana, Selangor • PBT RM145.0m 4% 4%
Slide 14: Coworking Segment
Coworking Segment Revenue improved 80% but profit lower on absence of reversal of impairment loss Yr on Yr Revenue FY2024 • Revenue RM23.5m* 80% • PBT RM0.7m 65% ➢ Occupancy improves after the last space expansion 2023/2024 and turns profitable Scalable since 2Q2024 Malaysia ➢ Space expansion 2023/2
Slide 15: Investment & Others Segment
Investment & Others Segment Revenue and PBT boosted by investment in EWI Revenue FY2024 Yr on Yr Mercure • Revenue RM56.5m 108% Kuala Lumpur • PBT RM11.3m 196% Glenmarie 25% Investment in EWI 46% ➢ Improvement in revenue were contributed by dividend income from EWI, Mercure Investment properties Kua
Slide 16: Financial Position (31 Dec 2024)
Financial Position (31 Dec 2024) Strong balance sheet and liquidity position Shareholders’ Net current Debt to Total funds assets YOY Equity 98% ratio* RM1.4bn RM878m Gross 0.67x Net 0.52x Cash & bank Unbilled sales Net cash from balances operating activities RM216m RM1.6bn RM341m *Included Private
Slide 17: Industry Overview
PARAMOUNT Industry Overview
Slide 18: Residential Property Sales (2017 – 2024)
Residential Property Sales (2017 – 2024) Unit RM106.924n 300,000 RM100.929bn RM94.276 bn 250,586 260,516 250,000 243,190 RM68.748bn RM72.407bn RM65.874bn RM76.902bn RM68.463bn 209,295 198,812 198,509 201,598 194,684 197,385 191,354 195,674 200,000 165,392 171,844 RM77.707bn 162,423 156,738 RM75.681b
Slide 19: 10-Year Completion and Starts (Incoming Supply)
10-Year Completion and Starts (Incoming Supply) Unit Residential & serviced apartments 200,000 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 - 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Completion 107,747 80,850 116,774 109,668 124,709 129,183 94,123 88,606 95,928 1
Slide 20: Outlook FY2025
PARAMOUNT Outlook FY2025
Slide 21: Outlook FY2025
Outlook FY2025 Sales target of RM1.5bn (2024 sales: RM1.4bn) Launches of RM1.4bn in 2025, mainly residential products Products launched or completed for sale RM1.8bn @31/12/2024 Future cashflow backed by unbilled sales (RM1.6bn @ 31/12/2024) Land replenishment for a sustainable growth 21
Slide 22: FY2025 Indicative Launches
FY2025 Indicative Launches RM1.4bn launches; majority are high rise residential units 2025 Indicative Launches Commercial: High rise : Landed 1H2025 Paramount Embun Hills Landed homes & shop New Bukit Mertajam offices Commercial 3% Landed RM37m 35% 1H2025 Berkeley Uptown High-rise residential RM486m
Slide 23: Paramount Embun Hills
New Project Penang Paramount Embun Hills Freehold Landed Strata Mix Township Development Launching in 1H2025 Artist Impression Unique Selling Points Launching in 1H2025 • Paramount Embun Hills is a private community that offers idyllic inter-generational living, right next to the lush Bukit Mertajam
Slide 24: Seiras @ Utropolis Batu Kawan
Penang High Rise Residential Units Seiras @ Utropolis Batu Kawan Artist Impression Artist Impression Unique Selling Points Launching in 1H2025 • Seiras Residences, the fifth phase of Utropolis Batu Kawan development, offers 411 units of dual- and triple-key serviced apartments, designed to provide f
Slide 25: Uptown Residences 2 @ Berkeley Uptown
Klang High Rise Residential Uptown Residences 2 @ Berkeley Uptown Mix Development Phase 2 Phase 1 Artist Impression Unique Selling Points Launching in 1H2025 ▪ Nestled on 7.37 acres of freehold land, Uptown Residences 2 offers 1,086 serviced apartments ranging from 571 sq.ft. to 1,350 sq.ft., with u
Slide 26: Redevelopment of Brunsfield Residence
New Project KL High Rise Residential Redevelopment of Brunsfield Residence Phase 2 Phase 1 Artist Impression Artist Impression Artist Impression Potential Redevelopment ▪ The potential redevelopment comprising two (2) blocks of condominium (226 units) and villa (25 units) with 2 levels of basement c
Slide 27: Q&A
Q&A Jeffrey Chew Sun Teong Foong Poh Seng Group Chief Executive Officer Chief Financial Officer Benjamin Teo Chee Siew Pin Deputy Group Chief Executive Officer Chief Executive Officer, Paramount Property 27
Slide 28: Appendices
PARAMOUNT Z Appendices
Slide 29: Awards and Industry Recognition 2024
Awards and Industry Recognition 2024 ➢ Ranked 1st in Top-of-the-Chart Awards for Market Capitalisation below RM1 billion ➢ Ranked 1st in Best Qualitative for Market Capitalisation below RM1 billion ➢ Ranked 1st in Best in Quantitative for Market Capitalisation below RM1 billion ➢ The Edge Top Proper
Slide 30: Inventories (31 December 2024)
Inventories (31 December 2024) Inventories increased mainly due to completion of Atwater office towers 31 Dec 31 Dec 2023 Projects 2024 Completed properties As at Cost Cost Remarks for 31/12/2024 RM’m RM208m RM’m 11 35 • Stratified commercial lots Residential 10% 165 11 • Two office towers • Service
Slide 31: Diversified Landbank & GDV (31 Dec 2024)
Diversified Landbank & GDV (31 Dec 2024) Remaining Gross Remaining Development Period Project Status Undeveloped Lands GDV* (Acres) (RM’m) Start End Bukit Banyan, Sungai Petani On-going 25.9 227 2012 2027 Bukit Banyan (Expansion), Sungai Petani On-going 104.3 318 2024 2028 Utropolis Batu Kawan, Pena
Slide 32: Group Debt/Total Equity (D/E) Ratio
Group Debt/Total Equity (D/E) Ratio 31 Dec 2024 31 Dec 2023 (Unaudited) (Audited) RM’m RM’m Borrowings 990.3 814.3 Cash & bank balances 216.1 203.2 Total equity* 1,476.1 1,630.5 Gross D/E ratio (times) 0.67 0.50 Net D/E ratio (times) 0.52 0.37 Weighted average interest rate (%) - floating 4.94 4.85
Slide 33: Investment in Eco World International (EWI)
Investment in Eco World International (EWI) 33
Slide 34: 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 35: Thank You
ee Thank You Wwww.pcb.my
Paramount Corporation Berhad — FY2024 Earnings Presentation on 6ix