Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — H1 2018 Earnings Presentation
24 slides from Paramount Corp. Bhd's earnings presentation, Aug 21, 2018
Slide 1: Unaudited 6M2018 Results
Unaudited 6M2018 Results 21 August 2018 1
Slide 2: 2Q2018 Results
PARAMOUNT 2Q2018 Results
Slide 3: 2Q2018 vs 2Q2017 Financial Results
2Q2018 vs 2Q2017 Financial Results 2Q2018 2Q2017 +/- % Revenue RM'Mil 278.4 189.7 88.7 47% Profit before tax RM'Mil 60.8 29.6 31.2 106% EBITDA RM'Mil 71.4 38.8 32.6 84% Profit net of tax RM'Mil 44.7 20.7 24.0 116% Profit attributable to ordinary equity holders of the company RM'Mil 42.3 18.1 24.2 13
Slide 4: 6M2018 vs 6M2017 Financial Results
6M2018 vs 6M2017 Financial Results 6M2017 6M2018 +/- % (Restated) Revenue RM'Mil 440.6 336.5 104.1 31% Profit before tax RM'Mil 78.8 48.0 30.8 64% EBITDA RM'Mil 99.8 64.2 35.6 55% Profit net of tax RM'Mil 57.9 34.1 23.8 70% Profit attributable to ordinary equity holders of the Company RM'Mil 49.3 26
Slide 5: Revenue
Revenue Revenue By Division (RM’Million) Property Higher revenue, by 31%, 0.0 Division mainly due to: • KD Land Disposal; off-set by 450.0 • Lower level of construction 400.0 139.3 0.0 activities achieved; and • Completion of certain phases 350.0 within the high-end Sejati Residences comprising 300.
Slide 6: Revenue - Contribution By Division
Revenue - Contribution By Division 6M2018 Revenue 6M2017 Revenue 32% 31% 68% 69% Property Education Property Education 6
Slide 7: PBT
PBT PBT By Division (RM’Million) Property Higher PBT, by 84%, mainly due Division to: • KD Land Disposal, off-set by • Lower level of construction 90.0 activities achieved; and • Completion of certain phases 80.0 22.2 within the high-end Sejati Residences comprising semi- 70.0 detached and superlink
Slide 8: PBT – Contribution By Division
PBT – Contribution By Division 6M2018 PBT 6M2017 PBT 26% 35% 74% 65% Property Education Property Education 8
Slide 9: Statement of Financial Position
Statement of Financial Position 31/12/2017 RM'000 30/6/2018 (Restated) Non-current assets 1,713,027 1,834,218 Current assets 900,875 697,092 Total assets 2,613,902 2,531,310 Current liabilities 557,312 523,051 Net current assets 343,563 174,041 Non-current liabilities 721,197 691,439 Total liabiliti
Slide 10: Debt/Equity Ratio
Debt/Equity Ratio 31/12/2017 30/6/2018 (Restated) RM'Mil RM'Mil Borrowings 937.7 823.8 Cash & bank balances 130.7 141.4 Total equity* 1,335.4 1,316.8 31/12/2017 30/6/2018 (Restated) Gross D/E ratio 0.70 0.63 Net D/E ratio 0.60 0.52 *Included Private Debt Securities of 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) 800 200 600 150 400 100 200 50 0 0 2014 2015 2016 2017 6M2018 2014 2015 2016 2017 6M2018 Earnings Per Share (Sen) Net Assets Per Share (RM) 40 3.0 30 2.0 20 1.0 10 0 0.0 2014 2015 2016 2017 6M2018 2014 2015 2016 2017 6M2018 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 13
Slide 14: 6M2018 Highlights
PARAMOUNT 6M2018 Highlights
Slide 15: 6M2018 Highlights
6M2018 Highlights Property Division Education Division • KDU UC Glenmarie and Penang • Strong property sales of 858 units with a registering higher new student sales value of RM598 million; enrolments; • Unbilled sales of RM866 million as at 30 June 2018. • KDU UC Glenmarie registering a positive EB
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 Kemuning Utama, Shah Alam 524.7 506 2004 2020 Sekitar26, Shah Alam 11.6 372 2013 2020 Bandar Laguna Merbok, Sungai Petani 500 6 1996 2018 Bukit Banyan, Sungai Petani 520
Slide 18: Total Landbank & GDV
Total Landbank & GDV Development Period Land Size GDV Project (Acre) (Million) Start End Projects in the Pipeline Berkeley Uptown, Klang 33.3 1,410 2018 2026 Future Projects Machang Bubuk, Penang 69.2 410 2019 2027 Total 1,820 Grand Total 7,570 18
Slide 19: Prospect for 2018
PARAMOUNT Prospect for 2018
Slide 20: Prospects
Prospects • The Malaysian economy is projected to grow by 5.0% in 2018. Domestic demand will continue to be the anchor of growth, underpinned by private sector activity. Private consumption growth is expected to sustain, supported by continued growth in employment and income, lower inflation and imp
Slide 21: Prospects (cont’d)
Prospects (cont’d) • In respect of the education segment, competition will remain intense amidst a price-sensitive environment, with slow market growth and high market penetration for the tertiary segment. The K-12 segment is expected to see continued mushrooming of new entrants. • The Group will re
Slide 22: Prospects (cont’d)
Prospects (cont’d) • In line with the Group’s asset light strategy, it will continue to pursue sale and leaseback of education assets and build strategic partnerships to undertake property development projects on joint venture basis if such opportunities arise. In addition, the Group seeks to unlock
Slide 23: 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 24: Thank You
eee Thank You
Paramount Corporation Berhad — H1 2018 Earnings Presentation on 6ix