Slide 1: Investor Presentation Q1 2023
Shaker Investor Presentation Q1 2023
Slide 2: Today's Presenters
Today’s Presenters Mohammed Abunayyan Mazen ElGhafeer Firas Al Sayegh Chief Executive Officer Chief Financial Officer– Finance Director – Strategy & Transformation Page 2
Slide 3: Disclaimer
Disclaimer This presentation has been prepared solely for use as an investor presentation for Shaker (the “Company”). By attending or by reading this presentation, you agree to be bound by the following limitations. The information contained in this presentation is for background purposes only and d
Slide 4: Agenda
Agenda • Strategic Highlights • Financial Performance • A Strong Start to the Year While Growing Market Share • Strategic Priorities for 2023 • Q&A Session Page 4
Slide 5: Q1 2023 Strategic Highlights
Q1 2023 Strategic Highlights
Slide 6: Q1-FY23 Highlights
Q1-FY23 Highlights Successful integration of LG’s full Finalized 10% acquisition in BNPL range of HA/HE in Shaker’s portfolio company “Cashew KSA” Support for Vision 2030 goals and Progressing on internal process benefit from macro growth drivers enhancement with SAP (S/4 Hana) including megaproject
Slide 7: Progressing on Our Growth Strategy
Progressing on Our Growth Strategy Breakthrough Program Growth Strategy 2018 - 2020 2021 - 2023 Upgraded talent Expanding brand & product portfolio Restructured organization Diversifying into complementary verticals Reduced employee costs Expanding retail operations Unified and managed KPIs & report
Slide 8: Financial Performance
FINANCIAL PERFORMANCE
Slide 9: Key Highlights: Q1 2023
Key Highlights: Q1 2023 Revenue by Segment SAR (Millions) Gross Profit +20.37% Gross Profit Margin +0.79pp +16.60% Q1 2023 Q1 2023 25.13% 87.11 Q1 2022 72.37 Q1 2022 24.35% Q1 2022 Q1 2023 EBITDA +79.75% EBITDA Margin +4.67pp Q1 2023 46.03 Q1 2023 13.28% Q1 2022 25.61 Q1 2022 8.61% 144.08 170.65 175
Slide 10: Healthy Balance Sheet
Healthy Balance Sheet Key Return Ratios (YoY) ROA* +0.72pp ROE* +1.96pp 4.19% Q1 2023 Q1 2023 4.19% 1.64% 2.23% Q1 2022 0.92% Q1 2022 2.23% 1.64% 0.92% Return on Return on Assets Equity Current Ratio -0.59% Int. Bearing Loans/Equity -26.46% Q1 2022 Q1 2023 Q1 2023 1.07x Q1 2023 0.40 Q1 2022 1.08x Q1
Slide 11: Leverage Levels: Q1 2023
Leverage Levels: Q1 2023 Long-term Debt – Paid down in-full 96.6 83.6 79.3 Total Liabilities/Total Assets +3.84% Total Liabilities/Equity +9.81% 71.0 62.6 54.3 Q1 2023 0.61x Q1 2023 1.55x 0.59x Q1 2022 1.42x 0.0 0.0 0.0 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023
Slide 12: Cash Flow Bridge
Cash Flow Bridge Includes Zakat, Finance Costs, & Highlights EOSB payments 5.1 • Net Cash Position was 72.3M 29.8 1.4 compared to YE 72.7 M mainly -11.3 driven by higher Operating 85.8 85.4 Cash offset by financing -11.9 -0.4 activities. 72.7 72.3 -13.1 o Change in WC is mainly driven by higher trad
Slide 13: A Strong Start to the Year While Growing Market Share
A Strong Start to the Year While Growing Market Share Total HVAC B2C HVAC B2B HA/HE Retail Addressable Market SAR 2.5bn SAR 3-4bn SAR 8-9bn Top 3 • AC Split Cashew • Complementary vertical Position1 • Washing Machines BNPL • Cookers Synergies • Retail enhancement: integration at • Dishwashers HVAC •
Slide 14: Strategic Priorities for 2023
Strategic Priorities for 2023 • Expand HVAC solutions (B2B & B2C) Expanding Optimize • Streamlining inventory for efficiency • 2 new retail stores planned in 2023 Market Inventory • Maximizing value from stock management Footprint • Aim to manufacture full portfolio of ACs in Levels LG Shaker factor
Slide 15: Q&A Session
4 i 4 4 3 Q&A Session~ “he bi
Slide 16: Contact
CONTACT MR. MAZEN ELGHAFEER VICE PRESIDENT FINANCE M.GHAFEER@SHAKER.COM.SA +966-11-2638900