Paramount Corp. Bhd. · MYX:PARAMON
Paramount Corp. Bhd — FY2020 Earnings Presentation
24 slides from Paramount Corp. Bhd's earnings presentation, Feb 25, 2021
Slide 1: Unaudited FY2020 Results
Unaudited FY2020 Results 25th February 2021 1
Slide 2: 4Q2020 & FY2020 Results
PARAMOUNT SLE > AA ~ 4Q2020 & FY2020 Results
Slide 3: 4Q2020 vs 4Q2019 Financial Results
4Q2020 vs 4Q2019 Financial Results 4Q2020 4Q2019 +/- % Continuing Revenue RM'Mil 188.4 209.6 (21.2) -10% Profit before tax RM'Mil 13.0 37.4 (24.4) -65% EBITDA RM'Mil 20.1 55.4 (35.3) -64% Profit after tax RM'Mil 4.6 24.1 (19.5) -81% Discontinued Profit after tax RM'Mil 0.5 17.4 (16.9) -97% Profit fo
Slide 4: FY2020 vs FY2019 Financial Results
FY2020 vs FY2019 Financial Results FY2020 FY2019 +/- % Continuing Revenue RM'Mil 593.6 706.0 (112.4) -16% Profit before tax RM'Mil 51.8 88.8 (37.0) -42% EBITDA RM'Mil 82.7 127.4 (44.7) -35% Profit after tax RM'Mil 31.6 54.5 (22.9) -42% Discontinued Profit after tax RM'Mil 471.1 64.5 406.6 630% Profi
Slide 5: FY2020 vs FY2019 Financial Results
FY2020 vs FY2019 Financial Results Continuing operations For FY2020, the Group's revenue from continuing operations was RM593.6 million, which was 16% lower than that of the corresponding period last year of RM706.0 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 Division due to unprecedented disruption caused by the 800.0 3.3 3.1 COVID-19 pandemic in 700.0 2.4 2Q2020 leading to the loss of construction time, deferment 600.0 6.1 of project launches 500.0 400.0
Slide 7: PBT - continuing operations
PBT - continuing operations PBT By Division (RM’Million) Property Lower PBT was mainly Division attributable to unprecedented disruptions to the construction 120.0 progress coupled with the additional project related and 100.0 compliance costs arising from 80.0 the COVID-19 pandemic. 117.4 60.0 40.0
Slide 8: Statement of Financial Position
Statement of Financial Position RM'000 31/12/2020 31/12/2019 Non-current assets 1,885,347 1,538,447 Current assets 1,087,802 1,535,106 Total assets 2,973,149 3,073,553 Current liabilities 481,339 884,910 Net current assets 606,463 650,196 Non-current liabilities 810,379 724,494 Total liabilities 1,2
Slide 9: Debt/Equity Ratio
Debt/Equity Ratio 31/12/2020 31/12/2019 RM'Mil RM'Mil Borrowings 954.2 911.9 Cash & bank balances 204.3 134.7 Total equity* 1,681.4 1,464.1 31/12/2020 31/12/2019 Gross D/E ratio 0.57 0.62 Net D/E ratio 0.45 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 2020 2016 2017 2018 2019 2020 Earnings Per Share (Sen) Net Assets Per Share (RM) 100.00 3.0 2.0 50.00 1.0 0.00 0.0 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Note: Revenue & P
Slide 12: 5-Year Financial Highlights
5-Year Financial Highlights Gross Dividend Per Share (sen) and Payout Ratio (%) 35.00 60% 51% 30.00 48% 50% 40% 40% 25.00 38% 40% 20.00 31.50 30% 15.00 20% 10.00 16.00 5.00 10% 8.50 8.50 6.50 - 0% 2016 2017 2018 2019 2020 A single tier final dividend of 2.5 sen per share for the FY2020 has been prop
Slide 13: FY2020 Highlights
PARAMOUNT FY2020 Highlights
Slide 14: FY2020 Highlights
FY2020 Highlights Property Division Education Division • The disposal of Paramount’s controlling • Property sales of 1,475 units with a equity interests in the pre-tertiary sales value of RM770 million; education business was completed on • Unbilled sales stood at RM1,087 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 26.7 425 2004 2026 Sekitar26, Shah Alam 11.6 604 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) Start End Lands (Acres) Project in the pipeline Ampang Hilir, Kuala Lumpur 9.1 968 2021 2026 Future Projects Bukit Banyan II, Sungai Petani 137.1 405 2023 2027 Machang Bubuk,
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 - 75 2020 2023 ^ 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 2021
Prospect for 2021 19
Slide 20: Prospect
Prospect The economy registered a negative growth of 3.4% in the fourth quarter (3Q 2020: -2.6%), largely attributable to the imposition of the Conditional Movement Control Order (CMCO) on a number of states since mid-October. For 2020 as a whole, the economy contracted by 5.6%. While near-term grow
Slide 21: Prospect (cont'd)
Prospect (cont’d) a) Property Unlike the previous movement control order (MCO), the re-imposed MCO from 13 January 2021 (MCO 2.0) has allowed more economic sectors to remain open. Hence, the Group's construction activities remained operational during the MCO 2.0 while the sales of properties have be
Slide 22: Prospect (cont'd)
Prospect (cont’d) b) Co-labs Coworking (cont’d) Despite the shifts towards remote working, the physical office is still very much the preferred place for collaboration, innovation and social interaction among colleagues, clients and other stakeholders. Hence, Scalable Malaysia was launched in 2020 t
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 — FY2020 Earnings Presentation on 6ix