Qatar Navigation Qsc · QSE:QNNS
Qatar Navigation Qsc — Qatar Navigation (Milaha) — Q3 2012 Earnings Presentation
12 slides from Qatar Navigation Qsc's earnings presentation, Nov 5, 2012
Slide 1: YTD September 2012 Financials Conference Call
YTD September 2012 Financials Conference Call November 5th, 2012 Doha, Qatar 1
Slide 2: YTD Sep 2012 vs. 2011 – Financial Highlights
YTD Sep 2012 vs. 2011 – Financial Highlights Financial Highlights (in QR Millions) 2,000 1,800 1,600 Revenue up +4% 1,400 Operating Profit up +19% 1,200 1,000 Net Profit up +9% 800 600 400 200 - Revenue Operating Profit Net Profit 2011 2012 2
Slide 3: YTD Sep 2012 vs. 2011 – Financial Highlights
YTD Sep 2012 vs. 2011 – Financial Highlights 2012 vs 2011 2012 vs 2011 Revenue Net Profit (in QR Millions) (in QR Millions) 2,000,000 +4% 700,000 +9% 1,800,000 600,000 1,600,000 1,400,000 500,000 1,200,000 400,000 1,000,000 +8% 800,000 +2% +10% 300,000 +18% 600,000 -2% +0% 200,000 400,000 100,000 20
Slide 4: YTD Sep 2012 vs. 2011 - Comparison
YTD Sep 2012 vs. 2011 - Comparison (All amounts in QR 000’s, unless otherwise noted) 2012 2011 Variance OPERATING REVENUE 1,750,583 1,690,854 59,729 Salaries, Wages & Benefits (392,225) (346,920) (45,305) Operating Supplies & Expenses (571,771) (619,775) 48,004 Rent Expense (44,657) (45,079) 422 Dep
Slide 5: Pillar Overview
Pillar Overview Milaha Maritime & Logistics Milaha Trading • Port Services • Travel & Tourism • Container Shipping • Equipment Trading Agency • Logistics • Marine Equipment Sales & Service • Bulk Shipping • Bunker Sales • Asset Management • Service/Repair Center • Shipyard • Shipping Agencies
Slide 6: Consolidated Statement of Income, by Pillar – YTD Sep 2012
Consolidated Statement of Income, by Pillar – YTD Sep 2012 (All amounts in QR 000’s, unless otherwise noted) Consolidated Statement of Income, by Pillar 9 Months Ended, Sep 30, 2012 Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operati
Slide 7: Consolidated Statement of Income, by Pillar – YTD Sep 2011
Consolidated Statement of Income, by Pillar – YTD Sep 2011 (All amounts in QR 000’s, unless otherwise noted) Consolidated Statement of Income, by Pillar 9 Months Ended, Sep 30, 2011 Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operati
Slide 8: Pillar Performance YTD
Pillar Performance YTD 23% Revenue Growth and 77% Net Profit Growth vs. YTD Sep 2011 o Driven by strong revenue growth in Port Services, mainly attributable to additional revenue streams from the Qatar Port Management Co (QPMC) contract to manage Doha Port o Increase in Container Shipping revenues
Slide 9: Pillar Performance YTD
Pillar Performance YTD 2% Decline in Revenue and 30% 3% Decline in Revenues and 12% Decline in Net Profit vs. YTD Sep 2011 Decline in Net Profit vs. YTD Sep 2011 o YTD Sep 2011 had non-recurring o LPG market rates declined in Q1, but mobilization revenues for new contracts have since rebounded p
Slide 10: Pillar Performance YTD
Pillar Performance YTD 11% Decline in Revenues and 12% 33% Growth in Revenues and 53% Increase in Net Profit vs. YTD Sep 2011 Growth in Net Profit vs. YTD Sep 2011 o Equipment Sales margins improved o Liquidated one fund managed by third vastly, as in YTD Sep 2011 we sold aged party, realizing s
Slide 11: Outlook for rest of 2012
Outlook for rest of 2012 Macro outlook for the pillar is dependent on the timing and speed of infrastructure development in Qatar and the expansion of the industrial exports base in Mesaieed. Delayed project awards will drive increased volumes but perhaps not till 2013 Port volumes trending up
Slide 12: Outlook for rest of 2012
Outlook for rest of 2012 Expected to perform better in H2 2012 Supply-demand imbalances still acute and beyond as one-time issues have and recovery will be relatively slow been resolved Tanker and product carrier rate trends Macro outlook is improving slightly are not encouraging in the shor
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