Asbisc Enterprises Plc · GPW:ASB
Asbisc Enterprises — Q3 2021 Earnings Presentation
25 slides from Asbisc Enterprises's earnings presentation, 2021
Slide 1: ASBIS delivers a record quarter 3 and shows the sky as the limit
ASBIS DELIVERS A RECORD QUARTER 3 AND SHOWS THE SKY ΑS THE LIMIT Q3 AND 9M 2021 RESULTS
Slide 2: Table of Content
TABLE OF CONTENT ASBIS – Q3 2021 OVERVIEW FINANCIAL RESULTS IN Q3 2021 and 9M 2021 UPGRADED FORECAST FOR 2021 SUMMARY APPENDIX 2
Slide 3: ASBIS Q3 2021
ASBIS Q3 2021 Subsidiaries 20 000 2 040 in 27 active customers employees countries in 56 countries Revenue 2 23 000 $ 717 m Distribution products centers in portfolio Over 60% 20 B2B e-shops 240 Online transactions 5 B2C e-commerce vendors 3
Slide 4: Q3 2021 Key Events
Q3 2021 KEY EVENTS INTERIM DIVIDEND The BOD decided to pay an interim dividend of US$ 0.20 per share. Record date was set on November 18th, 2021 and a payment date - December 2nd, 2021. q A contract extension with Pure Storage, extending ASBIS geographical coverage with Pure Storage products in Bulg
Slide 5: Table of Content
TABLE OF CONTENT ASBIS – OVERVIEW IN Q3 2021 FINANCIAL RESULTS IN Q3 2021 and 9M 2021 UPGRADED FORECAST FOR 2021 SUMMARY APPENDIX 5
Slide 6: Q3 2021 Sensational Quarter
Q3 2021 SENSATIONAL QUARTER Q3 2021 Financial Highlights REVENUES GROSS PROFIT US$ 717 million US$ 52.8 million + 1 6 % Yo Y + 4 6 % Yo Y GROSS PROFIT NET INCOME MARGIN US$ 18.2 million 7.37% + 7 5 % Yo Y 6
Slide 7: Q3 2021 Strong Presence in All Major Regions
Q3 2021 STRONG PRESENCE IN ALL MAJOR REGIONS REVENUES BY REGIONS (US$ m) § FSU region with a strong 24% 900 YoY growth. 800 700 600 500 § The F.S.U. and the CEE regions 400 300 contributed the majority of the 200 Group’s revenues. 100 0 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 FSU CEE MEA WE Oth
Slide 8: 9M 2021 Top 10 Countries in Revenues vs 9M 2020
9M 2021 TOP 10 COUNTRIES IN REVENUES vs 9M 2020 § Russia with impressive revenues of 450 USD 397 m remained no. 1 country, 400 397 while Ukraine followed. 350 297 300 288 § Kazakhstan recorded a stunning 250 245 87% YoY growth and remained in 215 top 3. 200 163 150 131 130 126 121 117 102 § Poland s
Slide 9: Q3 2021 High Demand for All Major Product Lines
Q3 2021 HIGH DEMAND FOR ALL MAJOR PRODUCT LINES REVENUES BY LINES (US$ m) 900 800 § Minor decline of smartphones 700 business in anticipation of the 600 new i-phone 13. 500 400 300 200 100 § Strong market share in both 0 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 CPUs and laptops. Smartphones CPUs
Slide 10: Q3 2021 The Best Third Quarter Ever
Q3 2021 THE BEST THIRD QUARTER EVER US$ m Q3‘21 Q3‘20 YoY § Strong growth in top-line and gross profit. Revenue 716.5 619.7 16% Gross profit 52.8 36.1 46% § Gross profit margin at a new Gross profit margin 7.37% 5.83% 1.54 ppt record-high level, reached 7.37% in SG&A costs 25.4 19.7 29% Q3’21. Profi
Slide 11: Q3 2021 The Highest Ever Gross Profit Margin
Q3 2021 THE HIGHEST EVER GROSS PROFIT MARGIN GROSS PROFIT MARGIN (%) § Gross profit margin sky-rocketed to 7,37% 7.37% in Q3’21. 6,94% 6,33% 6,43% 5,9% 5,80% 5,83% 5,2% 5,1% § In Q3‘21 gross profit margin continued a positive upward trend. 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 § SG&A expenses
Slide 12: 9M 2021 Excellent Results
9M 2021 EXCELLENT RESULTS US$ m 9M‘21 9M’20 YoY § Dynamic growth in top-line and gross profit. Revenue 2,130.0 1,500.6 42% Gross profit 147.2 83.5 76% Gross profit margin 6.91% 5.56% 1.35 ppt § Gross profit margin much improved and reached 6.91% in 9M’21. SG&A costs 74.2 55.2 35% Profit from operati
Slide 13: Indebtedness at Safe Level
INDEBTEDNESS AT SAFE LEVEL US$ m 9M’21 9M’20 YoY § Strong increase in cash position in Short term borrowings 113.5 74.3 53% (excl. leases and factoring) seasonally NWC intensive quarter. Long term borrowings (excl. leases) 0.4 0.5 -13% Other long term liabilities 0.8 0.7 12% § Ability of the Company
Slide 14: Shareholder Structure
SHAREHOLDER STRUCTURE Number of shares % of share capital & votes & votes 36,83% KS Holdings Ltd * 20,443,127 36.83% 63,17% Free-float 35,056,873 63.17% TOTAL 55,500,000 100.00% KS Holdings Ltd* As of : 2021-11-04 Free-float *Siarhei Kostevitch holds shares as the sole shareholder of KS Holdings Ltd
Slide 15: Table of Content
TABLE OF CONTENT ASBIS – OVERVIEW IN Q3 2021 FINANCIAL RESULTS IN Q3 2021 and 9M 2021 UPGRADED FORECAST FOR 2021 SUMMARY APPENDIX 15
Slide 16: 2021 Upgraded Forecast
2021 UPGRADED FORECAST Between USD 2.9bn and US$ 3.1bn REVENUE (Originally: between US$ 2.7bn and US$ 2.9bn) ~7% Between USD 71m and US$ 74m NET INCOME ( Originally: between US$ 47.0m and US$ 51.0m) ~45% ASSUMPTIONS • No another lockdown and significant changes in consumer behavior • A stable situat
Slide 17: Table of Content
TABLE OF CONTENT ASBIS – OVERVIEW IN Q3 2021 FINANCIAL RESULTS IN Q3 2021 and 9M 2021 UPGRADED FORECAST FOR 2021 SUMMARY APPENDIX 17
Slide 18: Summary of Q3 2021
SUMMARY OF Q3 2021 • The highest ever revenue in Q3 THE BEST Q3 IN COMPANY’S • The highest ever net profit in Q3 HISTORY • The highest ever gross profit margin • Interim dividend from the Company's profit for 2021: USD 11.1 million will be paid to CONTINUITY OF THE shareholders (USD 0.20 cents per s
Slide 19: Contact details
Tziamalis Constantinos Contact for media: phone: +357 25857188 email: costas@asbis.com Iwona Mojsiuszko Managing Director Bartosz Basa phone: +48 502 344 992 phone: +48 691 910 760 e-mail: iwona.mojsiuszko@8sensepr.pl email: b.basa@asbis.com HEADQUARTERS 43, Kolonakiou Street, Diamond Court, 4103 Ay
Slide 20: Table of Content
TABLE OF CONTENT ASBIS – OVERVIEW IN Q3 2021 FINANCIAL RESULTS IN Q3 2021 and 9M 2021 UPGRADED FORECAST FOR 2021 SUMMARY APPENDIX 20
Slide 21: Key Drivers of 2021
KEY DRIVERS OF 2021 The Company aims to retain its strong market position and strengthen its relationships with SUSTAIN THE BUSINESS WITH APPLE customers and suppliers. The Company expects to focus on the acquisition and servicing of large business projects. TRUE VAD SALES The success of last two ye
Slide 22: ASBIS Own Brands
ASBIS OWN BRANDS Prestigio is an international brand that has been Canyon is a dynamically growing brand of high-quality Perenio is an innovative tech company, creating offering a wide range of consumer electronics for and stylish, yet affordable mobile accessories, solutions, based on our own platf
Slide 23: ASBIS APR and Monobrand Investments
ASBIS APR AND MONOBRAND INVESTMENTS ASBIS is an authorized distributor of Apple products in 11 countries of the Former Soviet Union (with the exception of Russia) including: • Ukraine, • Belarus, • Kazakhstan, • Georgia, • Armenia, • Azerbaijan, • Kyrgyzstan, • Uzbekistan, • Moldova • Turkmenistan •
Slide 24: Cash Engaged in Working Capital
CASH ENGAGED IN WORKING CAPITAL NET WORKING CAPITAL (US$ m) § High revenue growth resulted in the need to involve more cash NWC: 15% of sales NWC: 11% of sales into working capital. 273 279 245 201 § Capex comprises of outflows for investments in tangible and Q3'21 Q3'20 intangible assets. -237 -278
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