El Sewedy Electric Company · EGX:SWDY
El Sewedy Electric — H1 2017 Earnings Presentation
36 slides from El Sewedy Electric's earnings presentation, 2017
Slide 1: Investor Presentation Half-Year 2017
Investor Presentation Half-Year 2017
Slide 2: Disclaimer
Disclaimer Certain information contained in this document consists of forward-looking statements reflecting the current view of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achie
Slide 3: Agenda
AGENDA I. An Integrated Energy Solutions Company II. Investment Highlights • Full Service Integration • Long Track Record • Strong Geographical Presence • State-of-the-art Facilities • Experienced Leadership • Prestigious Client Base III. Business Line Review IV. Recent Financial Performance V. Corp
Slide 4: An Integrated Energy Solutions Company
An Integrated Energy Solutions Company Elsewedy Electric is an energy player structured to face the challenges of the world’s fastest growing markets and the complexity of the critical electricity industry. From its start, deep product and sector specialization and unprecedented insight into local m
Slide 5: Full-Service Integration
Full-Service Integration Elsewedy Electric is a fully integrated energy solutions provider: From raw materials such as metals and plastics to inputs across the spectrum of wires, cables and electrical products, to contracting and turnkey infrastructure projects and electricity generation. Elsewedy E
Slide 6: Summary of Main Financial & Performance Indicators
Summary of Main Financial & Performance Indicators Total Revenue (EGP bn) Revenue by Segment – H1 17 EGP 20,655 mn 2% H1-17 Revenues 24.6 2% ▲96% y-o-y 7% 20.7 Wire & Cables 15.1 17.0 18.9 50% Turnkey Meters EGP 3,010.4 mn 10.6 39% Transformers H1-17 NP Electrical Products ▲85% y-o-y 2013 2014 2015
Slide 7: Investment Highlights
Investment Highlights
Slide 8: Fully Integrated Energy Solutions Provider
Fully Integrated Energy Solutions Provider Elsewedy Electric’s integrated energy solutions provide a full range of offerings to produce, distribute, manage and safely use electrical power Integration across the value chain supports Fast track Quality Cost leadership Brand advantages Ability to offer
Slide 9: Long Track Record (1/2)
Long Track Record (1/2) The Elsewedy Electric name has existed in the market since 1938 as a distributer of electrical equipment, becoming Egypt’s first specialized cables distributor by 1960 and Egypt’s first private manufacturer of cables with the establishment of a production plant in 1984. Over
Slide 10: Long Track Record (2/2)
Long Track Record (2/2) Elsewedy Electric has developed a strong track record in the execution of fast-track projects across Africa. The Group has repeatedly demonstrated its ability to secure high profile contracts both domestically and regionally with local governments Recent Notable Projects EPC
Slide 11: Strong Geographical Presence & Deep Market Insight
Strong Geographical Presence & Deep Market Insight Today, Elsewedy Electric is a global integrated cables and electrical products manufacturer and a turnkey services provider with more than 12,000 employees working at 25 production facilities in 9 countries Our Domestic Advantage Domestic recognitio
Slide 12: State-of-the-art Facilities Utilizing Advanced Technology
State-of-the-art Facilities Utilizing Advanced Technology Advanced technology acquisition and development places Elsewedy Electric at the forefront of world electricity trends, positioning the group to supply the most cost effective, clean technology to regional developing nations. Group- wide shari
Slide 13: Experienced & Dynamic Leadership
Experienced & Dynamic Leadership Management Pillars of Success Elsewedy Electric’s management structure facilitates quick decision-making and the careful monitoring of developments around the world. The Group ensures that the highest level of management remains in touch with its core activities Effi
Slide 14: Prestigious Client Base
Prestigious Client Base Elsewedy Electric boasts an impressive list of both global and regional clients spanning Energy, Telecom, Technology and other industries. The repeat business of large regional government entities and global industry giants is testament to the exceptional quality, speed and s
Slide 15: Business Line Review
Business Line Review
Slide 16: Business Line Review: Wires & Cables
Business Line Review: Wires & Cables Capacity Build-up (000 tons) Project Range Comprehensive range of cabling solutions for residential, industrial, 10 commercial and energy sectors 30 274 40 39 Power Special Fiber Optic Winding Raw Cables Cables Cables Wires Materials 156 Capacity less than 2016 P
Slide 17: Business Line Review: Turnkey Solutions
Business Line Review: Turnkey Solutions Revenue (EGP mn) Project Range Elsewedy Electric’s Turnkey Solutions segment delivers electricity generating assets and transmission and distribution (T&D) networks 9.5 on an EPC basis. 8.0 6.4 Electricity Power Construction & Telecom Transmission & Generation
Slide 18: Business Line Review: Turnkey Solutions
Business Line Review: Turnkey Solutions Division | 1 Division | 2 Division | 3 Division | 4 Division | 5 Power Generation Power Transmission & Construction & Infrastructure Projects Development & Telecom Solutions Distribution Renewable Energy Considered one of the emerging EPC Elsewedy Electric T&D
Slide 19: Business Line Review: Transformers
Business Line Review: Transformers Capacity Build-up (MVA) Product Range Elsewedy Electric produces a full range of low, medium and high voltage transformers -- including power and distribution (step up and step down) 8,050 transformers 400 450 Power Installation & Cast Resin Dry Oil Immersed Transf
Slide 20: Business Line Review: Meters
Business Line Review: Meters Revenue (EGP mn) Product Range The acquisition of Iskraemco establishes a global metering and measurement giant with the technological strength to build tomorrow’s 1,395.5 smart products 1,071.5 902.0 730.0 Induction Residential Industrial Smart Meters 626.9 Meters Meter
Slide 21: Business Line Review: Electrical Products
Business Line Review: Electrical Products Revenue (EGP mn) Project Range 441.2 Cable Accessories 371.9 Elastimold Egypt is cable accessories manufacturer 332.0 resulting from a joint venture with Elastimold USA 306.4 278.4 and Elsewedy SEDCO. Services range from engineering, design and correct acces
Slide 22: Financial Performance
Financial Performance
Slide 23: Income Statement Highlights
Income Statement Highlights Segmental Analysis Revenues Gross Profit 2% 1% 3% 2% 2% 4% 5% 5% 7% 4% 5% 8% 45% H1 2016 50% 32% H1 2017 H1 2016 H1 2017 26% 39% 59% 59% 42% Wire & Cables Turnkey Solutions Meters Transformers Other Electrical Products ▲YoY Revenue ▲ Gross Profit Gross Profit Ma
Slide 24: Income Statement Highlights
Income Statement Highlights Total Revenue (EGP bn) Gross Profit (EGP bn) Gross Profit GP% 24% 23% 23% 24.6 20.7 16% 5.9 18.9 15% 17.0 14% 15.1 4.7 10.6 3.1 2.6 2.1 2.4 2013 2014 2015 2016 H1 2016 H1 2017 2013 2014 2015 2016 H1 2016 H1 2017 Revenues increased by 95.7% y-o-y to EGP 20,655.2 mn in H1 2
Slide 25: Balance Sheet Highlights
Balance Sheet Highlights CAPEX (EGP bn) Dividend Per Share (“DPS”) (EGP) CAPEX CAPEX/Sales Proposed H1 2017 dividend 2.3% 2.4% of EGP 8 per share 1.6% 1.6% 4 0.6 3 0.4 0.3 0.2 1 2013 2014 2015 2016 0 2013 2014 2015 2016 Despite the Group’s significant growth in revenue, Elsewedy Electric has maintai
Slide 26: Consolidated Income Statement
Consolidated Income Statement EGP Q2-2017 Q2-2016 Change H1-2017 H1-2016 Change Sales Wires & Cables 5,204,488,953 3,263,890,146 59% 10,388,597,968 6,228,040,725 67% Electrical Products 1,211,600,925 462,001,807 162% 2,263,692,580 937,292,578 142% Turnkey Projects 4,454,384,648 2,134,361,078 109% 8,
Slide 27: Consolidated Balance Sheet
Consolidated Balance Sheet EGP 31-12-16 31-03-17 30-06-17 Fixed Assets 4,358,661,645 4,532,986,896 4,621,992,447 Investments 1,276,350,446 1,388,384,558 1,052,783,777 Other long term Assets & Good will 277,204,873 339,049,973 319,075,537 Other Long Term Receivables 3,867,394,013 3,579,786,132 2,931,
Slide 28: Stock Information
Stock Information Ownership Structure SWDY.CA/SWDY.EY (30/06/17) Mr. Sadek Ahmed Sadek Elsewedy Issued Shares Share Price 23.37% 25.59% Mr. Ahmed Ahmed Sadek Elsewedy 218,418,000 Shares EGP 93.93 Mr. Mohamed Ahmed Sadek Elsewedy 8.94% Other Non-executive Family Members 25.58% Listing Venue Market Ca
Slide 29: Corporate Social Responsibility
Corporate Social Responsibility
Slide 30: Corporate Social Responsibility
Corporate Social Responsibility Elsewedy Electric aims to encourage and facilitate Egyptians to contribute positively to our society and create a sustainable business future. We recognize our responsibility for the social impact we have on communities, and our Corporate Social Responsibility program
Slide 31: Corporate Social Responsibility
Corporate Social Responsibility Select Education Initiatives Elsewedy Technical Academy In 2011, Elsewedy Electric established the Elsewedy Electric Technical School in partnership with the Ministry of Education (MOE). Elsewedy Electric Technical School aims to support technical school graduates and
Slide 32: Health, Safety & Environment
Health, Safety & Environment Elsewedy Electric | Investor Presentation H1 2017 32
Slide 33: Health, Safety & Environment
Health, Safety & Environment We believe that our employees are our most important asset. The safety of our employees, subcontractors and stakeholders is our highest priority. We strive to create and maintain a safe operating culture by prioritizing safety in everything we do. We believe in earning t
Slide 34: Elsewedy Electric
ELSEWEDY ELECTRIC —
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