Jtc Logistics Transportation & Stevedoring Co. K.s.c.p · KSE:JTC
Jtc Logistics Transportation & Stevedoring Co. K.s.c.p — JTC Logistics Transportation & Stevedoring — Q2 2024 Earnings Presentation
20 slides from Jtc Logistics Transportation & Stevedoring Co. K.s.c.p's earnings presentation, Jun 30, 2024
Slide 1: Investor Presentation
KUWAIT | SAUDI | QATAR EQUIPMENT LEASING CONTRACT LOGISTICS POWER RENTAL PORTS MANAGEMENT Investor Presentation Second quarter period ending on June 30, 2024 WAREHOUSING 1
Slide 2: Disclaimer
Disclaimer This presentation contains “forward-looking statements” with no warranty or representation given concerning such information. All forward–looking statements attributable to the Company or persons acting on its behalf apply only as of the date of this document and are expressly qualified i
Slide 3: Contents
Contents • JTC at a Glance • Industry Updates • Operational Overview EQUIPMENT LEASING CONTRACT LOGISTICS • Financial Performance • Sustainability Vision • Outlook POWER RENTAL PORTS MANAGEMENT WAREHOUSING 3 3
Slide 4: JTC at a Glance
JTC at a Glance 45 years of leading as a service provider for ports management, contract logistics, warehousing, equipment leasing and power rental 4 4
Slide 5: JTC TODAY – Q2 2024
JTC TODAY – Q2 2024 45 years REVENUE CONTRIBUTION GEOGRAPHIC PRESENCE of operations Warehousing 4% Rest of GCC Ports KD 69.1 million 15% Management (Stevedoring) Equipment Total Assets 36% Leasing & Power Rental 46% Kuwait Contract 85% KD 51.5 million Logistics 14% Total Equity 5 5
Slide 6: JTC TODAY – Q2 2024: Diversified Business Lines
JTC TODAY – Q2 2024 DIVERSIFIED BUSINESS LINES Increased sources of income and growth opportunities PORTS CONTRACT EQUIPMENT POWER WAREHOUSING MANAGEMENT LOGISTICS LEASING RENTAL • Leading operator at • Industrial • Temperature-controlled, • One of the leading • Leading provider of Shuwaikh and Shua
Slide 7: JTC at Boursa Kuwait
JTC AT BOURSA KUWAIT As of June 30, 2024 JTC CAPITAL MARKET CAP Ticker on Boursa Kuwait KD 15 million KD 57.5 million 2021 Listed on Boursa Kuwait P/E DIVIDEND YIELD Listed on BK Main Market 50 Index 9.0 5.7% based on TTM EPS based on last annual dividend Top 50 liquid companies in the Main Market E
Slide 8: Industry Updates
Industry Updates Market performance providing indicators supporting JTC performance during the year 8 8
Slide 9: Industry Updates
Industry Updates KUWAIT - ECONOMIC OVERVIEW GCC - ECONOMIC OVERVIEW • Non-oil private sector activity slowed in June, • GCC oil activity has been stagnant. In June 2024, however, was the 17th month of expansion for oil production cuts were extended by a year until local firms, supported by ongoing g
Slide 10: Operational Overview
Operational Overview Continued optimization during the year 10 10
Slide 11: Operational Contribution to Revenue
Operational Contribution to Revenue CHANGE IN CONTRIBUTIONS SERVICE CONTRIBUTION – Q2 COUNTRY CONTRIBUTION – Q2 Q2’24 Q2’23 H1’24 H1’23 85.1% Warehousing Contract 4% 14.2% 15.2% 15.7% 16.5% Logistics Ports Kuwait Ports Management 36.0% 41.8% 35.2% 40.5% Management (Stevedoring) Equipment 14.9% 36% L
Slide 12: Revenues – Q2 & H1 2024
Revenues – Q2 & H1 2024 PORTS MANAGEMENT EQUIPMENT LEASING + CONTRACT LOGISTICS WAREHOUSING (STEVEDORING) POWER RENTAL Q2’24: KD1.0 m Q2’24: KD2.5 m Q2’24: KD3.2 m Q2’24: KD0.28 m Q2’23: KD1.1 m Q2’23: KD2.9 m Q2’23: KD2.7 m Q2’23: KD0.24 m -5.4% -13.4% +16.9% +13.9% H1’24: KD2.2 m H1’24: KD4.9 m H1
Slide 13: Financial Performance
Financial Performance Strong position for continued growth 1313
Slide 14: Financial Highlights
Financial Highlights REVENUE – in KD million NET PROFIT – in KD million EPS – in fils -2.4% +12.6% 21.76 14.4 20.0 14.0 +12.6% 19.32 3.3 15.0 2.9 +0.8% +6.8% 10.0 6.9 7.0 +6.8% 8.94 9.55 1.4 1.3 5.0 0.0 Q2'23 Q2'24 H1'23 H1'24 Q2'23 Q2'24 H1'23 H1'24 Q2'23 Q2'24 H1'23 H1'24 14 14
Slide 15: Financial Highlights
Financial Highlights INCOME STATEMENT – Q/Q Q2 2024 Q2 2023 CHANGE • Net profit increased in the current period Operating Revenue 6,996,409 6,944,324 +0.8% driven by a slight increase in revenue and a decrease in general and administrative Operating Costs (4,809,276) (4,785,395) +0.5% expenses. Gros
Slide 16: Sustainability Vision
Sustainability Vision Contributing to our local communities 16 16
Slide 17: Sustainability Vision
Sustainability Vision JTC invests in social activities that bring positive impact to the society in which it operates. The company commits and complies with best practices of corporate governance, in addition to having strict HSE standards to ensure the safety of our employees, and supporting charit
Slide 18: Outlook
Outlook 2024 and beyond 18 18
Slide 19: Outlook
Outlook • Maintained focus on expanding operations in both existing and new business lines, strengthening the company’s diversified revenue streams • Investment in the expansion of operations in present GCC markets to provide new revenue opportunities • Positive outlook that for ports management, lo
Slide 20: Financial Statement & Contact
Financial Statement & Contact To review the full financial statement for Q2 2024: https://www.jtckw.com/investor-relations/ EQUIPMENT LEASING CONTRACT LOGISTICS For more information please contact: Investor Relations ir@jtckw.com POWER RENTAL PORTS MANAGEMENT WAREHOUSING 20 20
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