Slide 1: Depa PLC FY 2020 Financial Results
d e p a . c o m Depa PLC FY 2020 Financial Results 29 April 2020 Depa PLC | Financial Results | FY 2020 Global Interior Solutions
Slide 2: Summary income statement
Summary income statement AED mn FY 2020 FY 2019 Change Revenue 599.7 998.9 (399.2) • Revenue decrease due to the Expenses (728.5) (1,211.0) 482.5 impact of covid-19 and slowdown in DSG operations as a result of Net provision for doubtful debts and due ongoing restructuring process (237.6) (154.5) (8
Slide 3: Summary balance sheet
Summary balance sheet AED mn FY 2020 FY2019 Change Cash and bank balances 137.4 217.0 (79.6) • Cash balance of AED 137.4mn Trade and other receivables 256.9 605.5 (348.6) Assets classified as held for sale 379.3 0.0 379.3 Due from constuction contract customers 190.8 535.6 (344.8) • Assets and liabi
Slide 4: Summary cash flow
Summary cash flow AED mn FY 2020 FY 2019 Change Operating activities (73.9) (183.2) 109.3 • Net cash outflows from Working capital changes 94.1 105.8 (11.7) operating activities AED Other movements (41.2) (23.4) (17.8) 21.0mn (FY 2019 net Net cash flows from/(used in) operating activities (21.0) (10
Slide 5: Vedder
Vedder Based in Germany, Vedder is the world’s leading provider of fit-out solutions for the global superyacht, private jet and residence markets Financial highlights Revenue • Revenue: AED 373.1mn • EBIT: AED 31.8mn 400 Operational highlights 200 362.1 373.1 • Secured over AED 400mn of new wins in
Slide 6: Depa Interiors
Depa Interiors The Middle East’s leading provider of interior solutions for the hospitality, residential, commercial, transport and civil infrastructure markets Financial highlights Revenue • Revenue: AED 411.1mn • EBIT: AED (245.3mn) 600 • Delays on a number of projects and provisions for 300 545.1
Slide 7: Deco Group
Deco Group The Middle East’s leading provider of interior solutions for the luxury retail market, premium marble supply and installation, and high-quality furniture and joinery works Financial highlights Revenue • Revenue: AED 130.4mn • EBIT: AED (23.2mn) 300 • FY 2020 results negatively impact by c
Slide 8: DSG
DSG Based out of Singapore, one of Asia’s leading premium fit-out providers and joinery specialists Financial highlights Revenue • Revenue: AED 61.1mn • EBIT: AED (90.7mn) 300 • FY 2020 revenue down on FY 2019 due to both the 150 impact of covid-19 and a slowdown in operations as a 216.2 61.1 result
Slide 9: Backlog
Backlog 2,500 2,500 1,842 1,729 1,674 81 Deco Group 1,555 76 57 AED mn 1,508 260 69 256 250 89 227 186 DSG 1,250 1,250 850 628 481 835 690 Depa Interiors 752 Vedder 651 569 738 562 0 0 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 By project type By geography 113 21 187 205 7
Slide 10: Outlook
Outlook The Group-wide outlook is mixed but challenging overall. Covid-19 has adversely affected the Middle East based business units in terms of delayed project awards and the ongoing liquidity issues in the market which are not expected to improve in the near future. Whilst in Asia DSG is currentl
Slide 11: Cautionary statement
Cautionary statement This document may contain certain 'forward looking statements' with respect to Depa's financial condition, results of operations and business, and certain of Depa's plans and objectives with respect to these items. By their very nature, forward looking statements are inherently