Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — FY2017 Earnings Presentation
23 slides from Paramount Corp. Bhd's earnings presentation, Feb 27, 2018
Slide 1: Unaudited FY2017 Results
Unaudited FY2017 Results 27 February 2018 1
Slide 2: 4Q2017 Results
PARAMOUNT 4Q2017 Results
Slide 3: 4Q2017 vs 4Q2016 Financial Results
4Q2017 vs 4Q2016 Financial Results 4Q2017 4Q2016 +/- % Revenue RM'Mil 239.7 179.7 60.0 33% Profit before tax RM'Mil 37.7 37.8 (0.1) 0% EBITDA RM'Mil 52.4 45.4 7.0 15% Profit net of tax RM'Mil 26.8 31.9 (5.1) -16% Profit attributable to ordinary equity holders of the company RM'Mil 24.7 30.3 (5.6) -1
Slide 4: FY2017 vs FY2016 Financial Results
FY2017 vs FY2016 Financial Results FY2017 FY2016 +/- % Revenue RM'Mil 758.3 573.1 185.2 32% Profit before tax RM'Mil 182.2 112.5 69.7 62% EBITDA RM'Mil 226.1 140.9 85.2 60% Profit net of tax RM'Mil 150.3 88.7 61.6 69% Profit attributable to ordinary equity holders of the Company RM'Mil 133.4 75.0 58
Slide 5: Revenue
Revenue Revenue By Division (RM’Million) Property Higher revenue, by 25%, due 0.2 Division to: • Higher sales and progressive 800.0 billings from the Utropolis Batu Kawan, Sejati 700.0 234.7 0.5 Residences and Greenwoods Salak Perdana 600.0 developments. 152.4 500.0 Education Higher revenue, by 54%
Slide 6: Revenue - Contribution By Division
Revenue - Contribution By Division FY2017 Revenue FY2016 Revenue 27% 31% 69% 73% Property Education Property Education 6
Slide 7: PBT
PBT PBT By Division (RM’Million) Property Higher PBT, by 3%, due to: Division • Higher PBT from the Utropolis Batu Kawan, Sejati Residences 200.0 1.8 and Greenwoods Salak Perdana 180.0 developments, offset by, • Higher losses incurred by the 160.0 retail mall, Utropolis 140.0 95.2 Marketplace; and •
Slide 8: PBT – Contribution By Division
PBT – Contribution By Division FY2017 PBT FY2016 PBT 47% 31% 53% 69% Property Education Property Education 8
Slide 9: Statement of Financial Position
Statement of Financial Position RM'000 31/12/2017 31/12/2016 Non-current assets 1,826,146 1,533,793 Current assets 691,954 484,918 Total assets 2,518,100 2,018,711 Current liabilities 515,580 450,695 Net current assets 176,374 34,223 Non-current liabilities 690,945 433,593 Total liabilities 1,206,52
Slide 10: Debt/Equity Ratio
Debt/Equity Ratio 31/12/2017 31/12/2016 RM'Mil RM'Mil Borrowings 823.8 636.6 Cash & bank balances 141.4 149.2 Total equity* 1,311.6 1,134.4 31/12/2017 31/12/2016 Gross D/E ratio 0.63 0.56 Net D/E ratio 0.52 0.43 *Included Private Debt Securities of RM200 million Gross D/E Ratio = Total Borrowings/To
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) 800 200 600 150 400 100 200 50 0 0 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Earnings Per Share (Sen) Net Assets Per Share (RM) 40.0 3.0 30.0 2.0 20.0 1.0 10.0 0.0 0.0 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 12
Slide 13: 5-Year Financial Highlights
5-Year Financial Highlights Gross Dividend Per Share (sen) and Payout Ratio (%) 20.00 60% 51% 52% 51% 18.00 50% 48% 16.00 50% 14.00 40% 12.00 10.00 30% 8.00 6.00 20% 8.25 8.50 16.00 4.00 8.00 7.50 10% 2.00 - 0% 2013 2014 2015 2016 2017 Note: A single tier special dividend of 7.50 sen per share was d
Slide 14: FY2017 Highlights
PARAMOUNT FY2017 Highlights
Slide 15: FY2017 Highlights
FY2017 Highlights Property Division Education Division • Strong property sales of 1,287 units with • New stream of income from REAL a sales value of RM816 million Education Group which contributed surpassing the 2016 sales of RM402 revenue and PBT of RM79.1 million and million; RM14.2 million, respe
Slide 16: Total Landbank & GDV
PARAMOUNT TotalLlandbank & GDV
Slide 17: Total Landbank & GDV
Total Landbank & GDV Remaining Development Period Original Land Project GDV Size (Acre) (Million) Start End On going Developments Paramount Utropolis, Glenmarie 11.8 330 2013 2023 Sekitar26, Shah Alam 16.8 554 2017 2020 Bukit Banyan, Sungai Petani 520 719 2012 2027 Sejati Residences, Cyberjaya 50 51
Slide 18: Total Landbank & GDV
Total Landbank & GDV Development Period Land Size GDV Project (Acre) (Million) Start End Projects in the Pipeline Section 13, Petaling Jaya 5.2 608 2018 2020 Jalan Goh Hock Huat, Klang 29.16 1,379 2018 2026 Future Projects 1,987 Machang Bubuk, Penang 65 324 Lots 7&9, Kota Damansara* 9.4 870 Total 3,
Slide 19: Prospect for 2018
PARAMOUNT Prospect for 2018
Slide 20: Prospects
Prospects • As the Malaysia economy continues to recover, GDP growth is expected to moderate between 5%-5.5% in 2018, mainly driven by domestic demand and continued strength in global trade which is likely to expand by 5.3% year- on-year. Headline inflation is expected to decline to the 3%-3.5% rang
Slide 21: Prospects (cont’d)
Prospects (cont’d) • In line with our asset light strategy, we will continue to pursue sales & leaseback and joint venture development if such opportunities arise. We expect to complete the disposal of our Lot 7&9, Kota Damansara land in second half of 2018. • Responding to market conditions, the te
Slide 22: 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 23: Thank You
eee Thank You
Paramount Corporation Berhad — FY2017 Earnings Presentation on 6ix