Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — FY2019 Earnings Presentation
23 slides from Paramount Corp. Bhd's earnings presentation, Feb 28, 2020
Slide 1: Unaudited FY2019 Results
Unaudited FY2019 Results 28 February 2020 1
Slide 2: 4Q2019 Results
PARAMOUNT 4Q2019 Results
Slide 3: 4Q2019 vs 4Q2018 Financial Results
4Q2019 vs 4Q2018 Financial Results 4Q2019 4Q2018 +/- % Continuing Revenue RM'Mil 209.6 186.3 23.3 13% Profit before tax RM'Mil 37.4 33.5 3.9 12% EBITDA RM'Mil 63.2 45.6 17.6 39% Profit after tax RM'Mil 24.1 24.1 0.0 0% Discontinued Profit after tax RM'Mil 17.4 5.9 11.5 195% Profit for the period RM'
Slide 4: 4Q2019 vs 4Q2018 Financial Results
4Q2019 vs 4Q2018 Financial Results Continuing operations The Group’s revenue was 13% higher than the revenue of the corresponding quarter last year of RM186.3 million. The Group's profit before tax (PBT) from continuing operations was 12% higher at RM37.4 million mainly attributable to the higher co
Slide 5: FY2019 vs FY2018 Financial Results
FY2019 vs FY2018 Financial Results FY2019 FY2018 +/- % Continuing Revenue RM'Mil 706.0 632.5 73.5 12% Profit before tax RM'Mil 88.8 110.2 (21.4) -19% EBITDA RM'Mil 121.9 129.0 (7.1) -6% Profit after tax RM'Mil 54.5 78.4 (23.9) -30% Discontinued Profit after tax RM'Mil 64.5 31.1 33.4 107% Profit for
Slide 6: FY2019 vs FY2018 Financial Results
FY2019 vs FY2018 Financial Results Continuing operations The Group’s revenue for FY2019 was 12% higher as compared to the corresponding period last year while the Group’s PBT from continuing operations was RM88.8 million. Excluding the gain from the disposal of Kota Damansara land in 2018 (“KD Land
Slide 7: Revenue
Revenue Revenue By Division (RM’Million) 2.4 0.7 800.0 Property Division Higher revenue, (excluding KD Land Disposal) by 31%, mainly 700.0 3.3 due to: 0.6 92.1 600.0 • Higher revenue from Utropolis Glenmarie, Shah Alam 500.0 development, Utropolis Batu Kawan, Penang development, 400.0 700.3 and Gree
Slide 8: PBT
PBT PBT By Division (RM’Million) Property Division Higher PBT (excluding KD Land 140.0 Disposal) , by 35%, mainly due to: 120.0 43.2 • Higher revenue from Utropolis 100.0 Glenmarie, Shah Alam development, Utropolis Batu 80.0 Kawan, Penang development, and 117.4 Greenwoods, Salak Tinggi 60.0 developm
Slide 9: Statement of Financial Position
Statement of Financial Position RM'000 31/12/2019 31/12/2018 Non-current assets 1,534,978 1,747,452 Current assets 1,538,575 928,178 Total assets 3,073,553 2,675,630 Current liabilities 884,910 835,218 Net current assets 653,665 92,960 Non-current liabilities 724,494 494,127 Total liabilities 1,609,
Slide 10: Debt/Equity Ratio
Debt/Equity Ratio 31/12/2019 31/12/2018 RM'Mil RM'Mil Borrowings 911.9 900.7 Cash & bank balances 134.7 137.0 Total equity* 1,464.1 1,346.3 31/12/2019 31/12/2018 Gross D/E ratio 0.62 0.67 Net D/E ratio 0.53 0.57 *Included Private Debt Securities of RM249 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) 800 120 100 600 80 400 60 40 200 20 0 0 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Earnings Per Share (Sen) Net Assets Per Share (RM) 30.00 3.0 20.00 2.0 10.00 1.0 0.00 0.0 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Note: Revenu
Slide 13: 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 Note: An interim dividend of 2.0 sen per share was paid on 25 Se
Slide 14: FY2019 Highlights
PARAMOUNT FY2019 Highlights
Slide 15: FY2019 Highlights
FY2019 Highlights Property Division Education Division • Paramount has entered into a sale and • Property sales of 1,402 units with a sales purchase agreement to dispose its value of RM692 million; controlling equity interests in the pre- tertiary education group for an indicative • Unbilled sales o
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 26.7 532 2004 2026 Sekitar26, Shah Alam 11.6 603 2013 2026 Bandar Laguna Merbok, Sungai Petani 0.0 6 Utropolis Glenmarie, Shah
Slide 18: Total Landbank & GDV
Total Landbank & GDV Remaining Development Period Gross GDV* Project Undeveloped (Million) Lands Start End (Acres) Future Projects Machang Bubuk, Penang 69.2 420 2020 2025 Grand Total 509.1 6,925 * Comprising potential GDV from undeveloped lands and GDV from properties launched but remained unsold a
Slide 19: Prospect for 2020
Prospect for 2020 19
Slide 20: Prospect
Prospect Growth in the Malaysian economy moderated to 3.6% in 4Q2019 (3Q2019: 4.4%) supported by higher private sector spending. For 2019 as a whole, the economy expanded by 4.3% (2018: 4.7%). Going into 2020, growth, particularly in the first quarter of the year, will be affected by the Covid-19 ou
Slide 21: Prospect
Prospect On the coworking space front, Co-labs Coworking will be opening a new coworking space in the Klang Valley in 2020. The demand for coworking space is expected to be on the rise in Malaysia, in line with the global trend in coworking space that offer flexibility, hassle-free and cost efficien
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 — FY2019 Earnings Presentation on 6ix