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

Mannai Corporation Q.p.s.c — Mannai Corporation Q.S.C. — Q1 2018 Earnings Presentation

12 slides from Mannai Corporation Q.p.s.c's earnings presentation, April 2018

  1. Slide 1: Mannai Corporation QSC 1Q'18 Financial Summary

    Mannai Corporation QSC 1Q’18 Financial Summary

  2. Slide 2: Disclaimer

    Disclaimer Mannai Corporation Q.S.C. cautions investors that certain statements contained in this document state Mannai Corporation’s management's intentions, hopes, beliefs, expectations, or predictions of the future and, as such, are forward-looking statements. Mannai Corporation management wishes

  3. Slide 3: Net Profits Held Flat As ICT Offsets Damas

    Net Profits Held Flat As ICT Offsets Damas QAR m Net Profit • First quarter profits up 1% 90 91 1% • ICT Qatar Up 3% to 52m driven by 14% Sales Improvement • Gfi Informatique loss of 16m, compared to 13m in 1Q’17 due to funding costs for the increased stake • Damas Net Profits Down 14m as VAT implem

  4. Slide 4: Financial Highlights

    Financial Highlights QAR m 1Q’17 1Q’18 EBITDA 149m 215m 44% Profit Before Interest and Tax 124m 166m 34% Profit Before Tax 91m 108m 20% Net Profit 90m 91m 1% Revenues 1,198m 2,502m 109% Gross Profit % 24.0% 23.2% (0.8) pts Capital Employed 6,067m 7,504m 24% Earnings Per Share 1.97 1.99 1% 4

  5. Slide 5: Revenues Double Due to Gfi Informatique consolidation

    Revenues Double Due to Gfi Informatique consolidation QAR m Revenue • Gfi consolidation adds 1,343m in revenues 2,502 109% • Excluding acquisition, revenues fall 3% • Qatar revenues up 6% driven by ICT Qatar • Damas revenues down 22% driven by VAT implementation in UAE and KSA 1,198 • ICT Qatar reve

  6. Slide 6: Gfi Consolidation Results in ICT Segment Contributing 74%

    Gfi Consolidation Results in ICT Segment Contributing 74% Revenue Mix 1Q ‘17 1Q ‘18 Other 5% Auto Other Damas 9% 10% 13% Auto 20% ICT 20% Damas 34% ICT 36% Gfi 54% *Auto Group includes Heavy Equipment Division 6

  7. Slide 7: Gfi Brings Geographic Diversification of Revenues

    Gfi Brings Geographic Diversification of Revenues Revenue Mix 1Q ‘17 1Q ‘18 Other 1% Other 1% Other GCC 34% Qatar 33% Qatar 65% Europe 54% Other GCC 13% 7

  8. Slide 8: Gfi Acquisition Drives Higher International Share

    Gfi Acquisition Drives Higher International Share EBITDA 28% 38% • Gfi consolidation offsets fall in Damas Int’l 72% 62% Qatar 1Q '17 1Q '18 *Profit before headquarter expenses and director’s fees

  9. Slide 9: Gross Profit Lift Driven by Gfi Consolidation

    Gross Profit Lift Driven by Gfi Consolidation QAR m Gross Profit Gross Margin % 102% 581 24.0% (0.8) pts 23.2% 288 1Q'17 1Q'18 1Q'17 1Q'18 • Increase in Gross Profit driven by Gfi consolidation 1Q’18 V pts weighing in with margin of 23.8% Auto Group 19.4% (0.1) pts • Auto Group margins holding in ch

  10. Slide 10: Gfi Consolidation Increases Profit Mix of Profit Share Movement To ICT Segment

    Gfi Consolidation Increases Profit Mix of Profit Share Movement To ICT Segment Profit Mix* 1Q ‘17 1Q ‘18 Auto Axiom 1% All Other 11% All Other Auto 13% 19% 14% Axiom 2% Damas 13% Damas ICT 40% ICT 42% 25% Gfi 19% Gfi 0% *Profit Before Interest and Tax, excluding headquarter expenses and director’s f

  11. Slide 11: Stable Debt Levels Maintained During First Quarter

    Stable Debt Levels Maintained During First Quarter QAR m Net Debt Net Debt to Total Capital* 53% 52% 52% 4,684 4,843 3,581 Q1' 17 Q4 '17 Q1 '18 Q1 '17 Q4 '17 Q1 '18 *Total Capital adjusted for Acquisition Reserves 11

  12. Slide 12: 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: investor.relations@mannai.com.qa Tel (Direct) : +974-44558844 12

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