Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — FY2021 Earnings Presentation
24 slides from Paramount Corp. Bhd's earnings presentation, Feb 26, 2022
Slide 1: Unaudited FY2021 Results
Unaudited FY2021 Results 26th February 2022 1
Slide 2: FY2021 Results
PARAMOUNT FY2021 Results
Slide 3: 4Q2021 vs 4Q2020 Financial Results
4Q2021 vs 4Q2020 Financial Results 4Q2020 4Q2021 +/- % (Restated) Continuing Revenue RM'Mil 317.3 188.4 128.9 68% Profit before tax RM'Mil 42.9 12.9 30.0 233% EBITDA RM'Mil 57.9 22.0 35.9 163% Profit after tax RM'Mil 25.8 4.6 21.2 461% Discontinued Profit after tax RM'Mil 0.0 0.5 (0.5) -100% Profit
Slide 4: FY2021 vs FY2020 Financial Results
FY2021 vs FY2020 Financial Results FY2020 FY2021 +/- % (Restated) Continuing Revenue RM'Mil 681.4 593.6 87.8 15% Profit before tax RM'Mil 70.3 51.5 18.8 37% EBITDA RM'Mil 113.9 89.2 24.7 28% Profit after tax RM'Mil 42.7 31.3 11.4 36% Discontinued Profit after tax RM'Mil 0.0 471.1 (471.1) -100% Profi
Slide 5: FY2021 vs FY2020 Financial Results
FY2021 vs FY2020 Financial Results Continuing operations For the FY2021, the Group achieved a revenue of RM681.4 million, which was 15% higher than RM593.6 million in the last financial year. On the back of the higher revenue, the Group achieved a PBT from continuing operations of RM70.3 million (FY
Slide 6: Revenue – continuing operations
Revenue – continuing operations Revenue By Division (RM’Million) Property Revenue were affected by 4.0 Division various degrees of disruptions such as closure of 700.0 3.1 5.2 construction sites and sales galleries mostly in 3Q2021. 600.0 6.1 500.0 Included in the revenue was sale of commercial land
Slide 7: PBT - continuing operations
PBT - continuing operations PBT By Division (RM’Million) Property PBT was higher on the back of Division the higher revenue 0.3 80.0 70.0 60.0 Co-labs Higher loss before tax mainly 50.0 Coworking due to an impairment loss of 78.6 Division RM4.6 million recognised in 40.0 62.7 respect of Co-labs Cowo
Slide 8: Statement of Financial Position
Statement of Financial Position 31/12/2021 31/12/2020 RM'000 (Restated) Non-current assets 1,627,982 1,847,610 Current assets 1,317,579 1,116,964 Total assets 2,945,561 2,964,574 Current liabilities 511,770 474,935 Net current assets 805,809 642,029 Non-current liabilities 746,658 810,331 Total liab
Slide 9: Debt/Equity Ratio
Debt/Equity Ratio 31/12/2021 31/12/2020 (Restated) RM'Mil RM'Mil Borrowings 963.1 954.2 Cash & bank balances 178.2 204.3 Total equity* 1,687.1 1,679.3 31/12/2021 31/12/2020 Gross D/E ratio 0.57 0.57 Net D/E ratio 0.47 0.45 *Included Private Debt Securities of RM249 million (2020: RM249 million) Gros
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 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Earnings Per Share (Sen) Net Assets Per Share (RM) 100.00 3.0 79.37 80.00 60.00 2.0 40.00 22.51 1.0 15.29 17.17 20.00 4.61 0.00 0.0 2017 2018 2019 2020
Slide 12: 5-Year Financial Highlights
5-Year Financial Highlights Gross Dividend Per Share (sen) and Payout Ratio (%) 65% 35.00 70% 30.00 60% 51% 25.00 50% 40% 40% 38% 20.00 40% 15.00 31.50 30% 10.00 20% 16.00 5.00 8.50 10% 6.50 3.00 - 0% 2017 2018 2019 2020 2021 12
Slide 13: FY2021 Highlights
FY2021 Highlights 13
Slide 14: FY2021 Highlights
FY2021 Highlights Property Division Co-labs Coworking Division • 1,192 units of properties were launched • New outlet opened at Tropicana in FY2021 (FY2020: 1,432 units). Gardens, Kota Damansara in January 2021 • Property sales of 1,062 units with a sales value of RM806 million, 4.7% • Maiden contri
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 26.7 586 2004 2028 Sekitar26, Shah Alam 0.0 61 2013 2021 Bandar Laguna Merbok, Sungai Petani
Slide 17: Total Landbank & GDV
Total Landbank & GDV Remaining Development Period Gross Projects developed by subsidiary GDV* Undeveloped companies (Million) Start End Lands (Acres) Future Projects Bukit Banyan II, Sungai Petani 137.1 405 2023 2027 Machang Bubuk, Penang 69.2 420 2023 2027 Total 206.3 825 Grand Total 504.8 7,102 *
Slide 18: Total Landbank & GDV
Total Landbank & GDV Remaining Development Period Gross Project developed by associate GDV^ Undeveloped company (Million) Lands Start End (Acres) Na Reva - 44 2020 2024 ^ Being the Group’s share of GDV from properties launched by Navarang Charoennakhon Company Limited but remained unsold as at 31 De
Slide 19: Prospect for 2022
Prospect for 2022 19
Slide 20: Prospect
Prospect The Malaysian economy registered a positive growth of 3.6% in the fourth quarter of 2021 (3Q 2021: -4.5%), as economic activities resumed with the easing of containment measures. The rebound in economic activity was aided by recovery in the labour market as well as continued policy support.
Slide 21: Prospect (cont’d)
Prospect (cont’d) a) Property Division Despite the headwinds, with the encouraging momentum of recovery of economic activities, Paramount Property looks forward to launching six projects in 2022 (including new phases of existing projects) with an estimated gross development value of RM1.3 billion. A
Slide 22: Prospect (cont’d)
Prospect (cont’d) As long as COVID-19 infection remains a risk in the community, the Group will continue to be vigilant, safeguard its staff and workers' wellbeing and take actions to minimise disruption to its supply chain. Pursuant to the measures taken by the Group to vaccinate its workers, all i
Slide 23: 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 24: Thank You
—_—— Thank You
Paramount Corporation Berhad — FY2021 Earnings Presentation on 6ix