Mannai Corporation Q.p.s.c. · QSE:MCCS

Mannai Corporation Q.p.s.c — Mannai Corporation QSC — Q3 2014 Earnings Presentation

11 slides from Mannai Corporation Q.p.s.c's earnings presentation, 2014

  1. Slide 1: Mannai Corporation QSC Q3'14 Financial Summary

    Mannai Corporation QSC Q3‘14 Financial Summary

  2. Slide 2: Continued Growth in Net Profits up 30% to 378m

    Continued Growth in Net Profits up 30% to 378m QAR m Net Profit + 30% 378 • YTD Results continue to show exceptional growth 290 driven by strong core growth in Damas combined with exceptional recoveries in 1H’14 • Continued outperformance in Qatar with core net profit growth of 29% driven by busines

  3. Slide 3: Financial Highlights

    Financial Highlights QAR m YTD 2013 YTD 2014 Net Profit 290m 378m 30% Revenues 4,104m 4,148m 1% Gross Profit % 19.5% 19.6% 0.1pts Net Profit % 7.1% 9.1% 2.0pts Capital Employed 4,457m 4,821m 8% Earnings Per Share 6.36 8.28 30% Return on Equity 17% 25% 8 pts 3

  4. Slide 4: Average 3QYTD Net Profit Growth Rate of 26%

    Average 3QYTD Net Profit Growth Rate of 26% QAR m Net Profit Trend 378 Average Growth Rate 26% 290 258 204 176 146 115 75 2007 2008 2009 2010 2011 2012 2013 2014 4

  5. Slide 5: Top-Line Growth Flat as Strong Growth in Qatar Offsets Gold

    Top-Line Growth Flat as Strong Growth in Qatar Offsets Gold QAR m Revenue 4,104 4,148 1% • Revenue impacted by Gold prices and underlying demand, lowering Damas Revenue by 435m. Higher margins resulted in only (27)m loss to gross profit • Excluding Damas, Revenues up 19%; driven by ICT up 24%, Heavy

  6. Slide 6: Damas Revenue Contribution falls to 42% as a result of faster 3Q Growth in Qatar Businesses

    Damas Revenue Contribution falls to 42% as a result of faster 3Q Growth in Qatar Businesses Revenue Mix YTD‘13 YTD‘14 Auto Auto All Other Group All Other Group 16% 12% 18% 14% ICT Group 21% ICT Group 26% Damas Damas 51% 42% 6

  7. Slide 7: Gross Margin holding in high growth environment

    Gross Margin holding in high growth environment QAR m Gross Profit Gross Margin % 815 2% +0.1pts 798 19.5% 19.6% YTD'13 YTD'14 YTD'13 YTD'14 2014% V pts • Gross Profit up 10% after normalising for Auto Group 19.6% (0.1) pts significant items ICT Group 12.8% 0.1 pts • Damas margins improving due to m

  8. Slide 8: Other Income driven by recoveries

    Other Income driven by recoveries QAR m Other Income 317 • Other Income driven by recoveries of previously provisioned receivables in Damas 174 • Gain on sale of land and properties contributed 20m in 1H’14 YTD'13 YTD'14 8

  9. Slide 9: Increased Debt driven by growth in working capital tied up in Qatar infrastructure projects

    Increased Debt driven by growth in working capital tied up in Qatar infrastructure projects QAR m Net Debt Net Debt to Total Capital 55% 57% 2,932 2,599 2,276 42% 43% 2,130 Q3 '13 Q4 '14 Q2 '14 Q3 '14 Q3'13 Q4'13 Q2'14 Q3'14 9

  10. Slide 10: Normalisation of key lines for significant items

    Normalisation of key lines for significant items • Q3 profits impacted by seasonality; Ramadan and summer vacation impacts retail sales and project execution due to reduced working hours delayed sign-off • Q3’14 had no significant items, whereas Q3’13 had significant recoveries in Damas which suppor

  11. Slide 11: Mannai Corporation QSC

    Mannai Corporation QSC Tel: +974-4455 8888 Fax: +974 4455 8880 www.mannai.com CONTACTS Investor Relations Ewan Cameron Chief Financial Officer email: ewan.cameron@mannai.com.qa Tel (Direct) : +974-44558844 11

Mannai Corporation QSC — Q3 2014 Earnings Presentation on 6ix