Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — 9M2020 Earnings Presentation
23 slides from Paramount Corp. Bhd's earnings presentation, Nov 27, 2020
Slide 1: Unaudited 9M2020 Results
Unaudited 9M2020 Results 27 November 2020 1
Slide 2: 3Q2020 Results
PARAMOUNT 3Q2020 Results
Slide 3: 3Q2020 vs 3Q2019 Financial Results
3Q2020 vs 3Q2019 Financial Results 3Q2020 3Q2019 +/- % Continuing Revenue RM'Mil 218.9 157.1 61.8 39% Profit before tax RM'Mil 36.6 7.4 29.2 395% EBITDA RM'Mil 44.7 16.7 28.0 168% Profit after tax RM'Mil 26.1 1.1 25.0 2273% Discontinued Profit after tax RM'Mil 0.0 33.8 (33.8) -100% Profit for the pe
Slide 4: 9M2020 vs 9M2019 Financial Results
9M2020 vs 9M2019 Financial Results 9M2020 9M2019 +/- % Continuing Revenue RM'Mil 405.2 496.4 (91.2) -18% Profit before tax RM'Mil 38.8 51.4 (12.6) -25% EBITDA RM'Mil 62.5 72.0 (9.5) -13% Profit after tax RM'Mil 27.0 30.4 (3.4) -11% Discontinued Profit after tax RM'Mil 470.6 47.1 423.5 899% Profit fo
Slide 5: 9M2020 vs 9M2019 Financial Results
9M2020 vs 9M2019 Financial Results Continuing operations For 9M2020, the Group's revenue from continuing operations was RM405.2 million, which was 18% lower than that of the corresponding period last year of RM496.4 million. On the back of lower revenue, the Group recorded a PBT from continuing oper
Slide 6: Revenue – continuing operations
Revenue – continuing operations Revenue By Division (RM’Million) Property Lower revenue was mainly 2.2 Division due to: 500.0 2.1 1.2 • Unprecedented 450.0 disruption caused by the 400.0 4.6 COVID-19 pandemic in 2Q2020 leading to the 350.0 loss of construction time, 300.0 deferment of project 493.0
Slide 7: PBT - continuing operations
PBT - continuing operations PBT By Division (RM’Million) Property Lower PBT was mainly Division attributable to the weaker financial performance in 2Q2020 80.0 arising from the disruption 70.0 caused by the COVID-19 pandemic but was mitigated by 60.0 2.0 the improvement in profitability 50.0 in 3Q20
Slide 8: Statement of Financial Position
Statement of Financial Position RM'000 30/9/2020 31/12/2019 Non-current assets 1,572,410 1,538,447 Current assets 1,160,185 1,535,106 Total assets 2,732,595 3,073,553 Current liabilities 409,786 884,910 Net current assets 750,399 650,196 Non-current liabilities 652,666 724,494 Total liabilities 1,06
Slide 9: Debt/Equity Ratio
Debt/Equity Ratio 30/9/2020 31/12/2019 RM'Mil RM'Mil Borrowings 729.1 911.9 Cash & bank balances 229.5 134.7 Total equity* 1,670.1 1,464.1 30/9/2020 31/12/2019 Gross D/E ratio 0.44 0.62 Net D/E ratio 0.30 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 9M2020 2016 2017 2018 2019 9M2020 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 3Q202
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: 9M2020 Highlights
PARAMOUNT 9M2020 Highlights
Slide 14: 9M2020 Highlights
9M2020 Highlights Property Division Education Division • The disposal of Paramount’s controlling • Property sales of 1,052 units with a equity interests in the pre-tertiary sales value of RM503 million; education business was completed on • Unbilled sales stood at RM1,031 million 20 February 2020 an
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 26.7 502 2004 2026 Sekitar26, Shah Alam 11.6 607 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 443.0 6,460 * Comprising potential GDV from undeveloped lands and GDV from proper
Slide 18: Prospect for 2020
Prospect for 2020 18
Slide 19: Prospect
Prospect In line with the reopening of the economy from earlier COVID-19 containment measures and improving external demand conditions, the Malaysian economy recorded a smaller contraction of 2.7% in the third quarter (2Q 2020: - 17.1%). This recovery is seen across most economic sectors, particular
Slide 20: Prospect (cont’d)
Prospect (cont’d) a) Property (cont’d) As at 30 September 2020, the Group had 443.0 acres of undeveloped land. In addition, the Group completed in October 2020 the purchase of 4.542 acres of land, with buildings erected thereon, for redevelopment. The land is located at Jalan Ampang Hilir, within th
Slide 21: Prospect (cont’d)
Prospect (cont’d) Although most of the business operations of the Group has resumed to the pre-pandemic level during 3Q2020, 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 disru
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 — 9M2020 Earnings Presentation on 6ix