Asbisc Enterprises Plc · GPW:ASB
Asbisc Enterprises — H1 2023 Earnings Presentation
25 slides from Asbisc Enterprises's earnings presentation, 2023
Slide 1: Immense Revenue Growth at Very Difficult Times
IMMENSE REVENUE GROWTH AT VERY DIFFICULT TIMES Q2 and H1 2023 RESULTS
Slide 2: Agenda
AGENDA ASBIS – Q2 2023 OVERVIEW FINANCIAL RESULTS IN Q2 2023 and H1 2023 SUMMARY APPENDIX 2
Slide 3: Q2 2023 Key Business Events
Q2 2023 KEY BUSINESS EVENTS SUPER DYNAMIC Despite unfavorable market conditions, ASBIS proved to be very strong. The Company has delivered MONTHLY REVENUE the best June ever in terms of revenues, reaching nearly 30% YoY growth rate. GROWTH q ASBIS has strengthened its Board of Directors appointing t
Slide 4: ASBIS Board of Directors
ASBIS BOARD OF DIRECTORS Siarhei Kostevitch Chairman CEO Julia Prihodko Hanna Kaplan Constantinos Executive Director Marios Christou Executive Director Executive Director Tziamalis CHRO Executive Director CFO CRO, Deputy CEO Tasos A.Panteli Constantinos Petrides Maria Petridou Non-Executive Director
Slide 5: Agenda
AGENDA ASBIS – Q2 2023 OVERVIEW FINANCIAL RESULTS IN Q2 2023 and H1 2023 SUMMARY APPENDIX 5
Slide 6: Q2 2023 Superb Quarter: Financial Highlights
Q2 2023 SUPERB QUARTER Q2 2023 Financial Highlights REVENUES GROSS PROFIT USD 674 million USD 54.2 million + 3 1 % Yo Y + 1 2 % Yo Y GROSS NET INCOME PROFIT MARGIN USD 11.2 million 8.04% + 2 % Yo Y 6
Slide 7: Q2 2023 Impressive Results
Q2 2023 IMPRESSIVE RESULTS USD m Q2’23 Q2’22 YoY q Immense growth on the top line, reaching USD 674.1m. Revenue 674.1 516.4 31% Gross profit 54.2 48.3 12% q Gross profit margin has stabilized Gross profit margin 8.04% 9.35% -1.31 ppt at 8.04 %. SG&A costs -32.8 -28.8 14% q SG&A costs up 14% YoY, des
Slide 8: Q2 2023 Stabilized Gross Profit Margin
Q2 2023 STABILIZED GROSS PROFIT MARGIN REVENUES GROSS PROFIT MARGIN (%) +31% 948 9,35% 9,06% 1000 100% 8,60% 780 80% 8,01% 8,04% 800 717 699 722 7,37% 7,53% 7,61% 680 695 674 60% 6,94% 600 516 40% 400 20% 0% 200 -20% 0 -40% 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4
Slide 9: Q2 2023 High Demand for All Main Product Lines
Q2 2023 HIGH DEMAND FOR ALL MAIN PRODUCT LINES q Super strong smartphones REVENUES BY PRODUCT LINES (US$ m) business driven by continuous 900 800 high demand for different iPhone 700 600 models. 500 400 300 q Smartphones, CPUs and laptops 200 100 remain the main drivers for the 0 2Q21 3Q21 4Q21 1Q22
Slide 10: Q2 2023 Outstanding Growth in All Major Regions
Q2 2023 OUTSTANDING GROWTH IN ALL MAJOR REGIONS q FSU region with an 38% YoY REVENUES BY REGIONS (USD m) growth, fueled by Ukraine and 900 800 Kazakhstan. 700 600 500 q F.S.U. and CEE regions 400 300 contributed the majority of the 200 Group’s revenues. 100 0 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23
Slide 11: H1 2023 Excellent Results
H1 2023 EXCELLENT RESULTS q Strong top line with a 15% growth US$ m H1‘23 H1‘22 YoY YoY. Revenue 1,369.1 1,211.0 15% Gross profit 116.2 101.1 15% q Gross profit up 15% YoY, to USD Gross profit margin 8.33% 8.35% -0.02 ppt 116.2 m. SG&A costs -66.2 -57.4 15% q Gross profit margin at 8.33% in Profit f
Slide 12: H1 2023 Top Countries in Revenues vs H1 2022
H1 2023 TOP 10 COUNTRIES IN REVENUES vs H1 2022 q Kazakhstan with revenues of USD 322m and 36.1% YoY 322 growth remained no. 1 country. q Ukraine the second biggest 237 market of our operations and one directly affected by the war, 187 significantly increased by 62.7% in H1 2023. 143 134 120 115 111
Slide 13: Cash Engaged in Working Capital
CASH ENGAGED IN WORKING CAPITAL NET WORKING CAPITAL (US$ m) q High NWC utilization results in NWC: 33% of sales NWC: 25% of sales the need to involve more cash. 494 319 323 q Capex comprises of outflows for 227 investments in tangible and intangible assets. Q2'23 Q2'22 -253 -358 q A strong improveme
Slide 14: Indebtedness at Safe Level
INDEBTEDNESS AT SAFE LEVEL q Ability of the Company USD million H1’23 H1’22 YoY to access external financing Short term borrowings 124.4 138.2 -10% (excl. leases and factoring) remains very strong. Long term borrowings 0.8 0.0 - (excl. leases) q The weighted average cost of Other long-term liabiliti
Slide 15: Forecast Realization for 2023
FORECAST REALIZATION FOR 2023 REVENUE Between USD 3.0bn and USD 3.2bn NET INCOME Between USD 78m and USD 82m RESULTS VS FORECAST ASSUMPTIONS REVENUES (USD bn) NET INCOME (USD m) Forecast revenues Forecast net for 2023 income for 2023 3.2 82 Actual revenues for H1 2023 Actual net income for H1 2023 1
Slide 16: Agenda
AGENDA ASBIS – Q2 2023 OVERVIEW FINANCIAL RESULTS IN Q2 2023 and H1 2023 SUMMARY APPENDIX 16
Slide 17: Summary
SUMMARY IMMENSE REVENUE q Super high double-digit sales growth in Q2 2023 GROWTH q 2022 dividend: USD 25 million was paid to shareholders including an interim dividend (USD 0.45 HIGHEST DIVIDEND cents per share) PAID q Dividend paid for seven consecutive years. q New contracts signed/extended FURTHE
Slide 18: ASBIS Robotics Solutions
ASBIS ROBOTICS SOLUTIONS Summary of H1 2023 • AROS expanded its operations to Hungary, Bulgaria, Cyprus and the Middle East. Currently AROS has local robotic teams residing in Poland, Romania, Czech Republic & Slovakia, Greece, Cyprus, Hungary, Bulgaria & UAE • AROS has signed several strategic rese
Slide 19: Sustainable Electronics Solutions
SUSTAINABLE ELECTRONICS SOLUTIONS Summary of H1 2023 • ISO 9001, ISO 14001, and ISO 27001 quality management system certificate for Breezy’s production facilities in Poland • • New office in Kazakhstan – five times bigger than the previous one • Partnership with MiMarkt - an authorized network of Xi
Slide 20: Contact for Investors
CONTACT FOR INVESTORS: Constantinos Tziamalis Deputy CEO of ASBIS Group phone: +357 25857188 email: costas@asbis.com Bartosz Basa IR Manager phone: +48 691 910 760 email: b.basa@asbis.com CONTACT FOR MEDIA: Iwona Mojsiuszko Managing Director of 8Sense PR phone: +48 502 344 992 e-mail: iwona.mojsiusz
Slide 21: Agenda
AGENDA ASBIS – Q2 2023 OVERVIEW FINANCIAL RESULTS IN Q2 2023 and H1 2023 SUMMARY APPENDIX 21
Slide 22: ASBIS Own Brands
ASBIS OWN BRANDS Prestigio Solutions specializes in the AENO is a young dynamic brand of production and delivery of innovative smart household appliances. technological solutions for business and www.aeno.com education. www.prestigio-solutions.com Prestigio is an international brand that Canyon is a
Slide 23: ASBIS iSpace Stores
ASBIS ISPACE STORES ASBIS is an authorized distributor of As an Apple Premium Reseller, ASBIS operates 29 iSpace stores Apple products in 11 countries including: q Armenia q Azerbaijan q Belarus 2 Minsk q Georgia 4 q Kazakhstan Kiev q Kyrgyzstan Lviv 3 Dnipro Astana q Moldova 1 Chisinau Odessa 1 Kar
Slide 24: Shareholder Structure
SHAREHOLDER STRUCTURE Number of shares % of share capital & votes & votes KS Holdings Ltd*; 36,84% KS Holdings Ltd * 20,448,127 36.84% ASBISc Enterprises Plc (buy- 2,000 0.004% back program) Free-float 35,049,873 63.15% Free-float; ASBIS (buy back 63.15% program); 0.004% TOTAL 55,500,000 100.00% KS
Slide 25: Disclaimer
DISCLAIMER This presentation (the “Presentation”) was prepared by ASBISc Enterprises Plc (the “Company”) with a due care. Still, it may contain certain inconsistencies or omissions. The Presentation does not contain a complete or thorough financial analysis of the Company and does not present its st