Sustained Infrastructure Holding Company · TADAWUL:2190
Sustained Infrastructure — Saudi Industrial Services Company (SISCO) — Shareholder Meeting (2020)
25 slides from Sustained Infrastructure's shareholder meeting presentation, 2020
Slide 1: Saudi Industrial Services Company General Assembly Meeting Presentation
SAUDI INDUSTRIAL SERVICES COMPANY GENERAL ASSEMBLY MEETING PRESENTATION Your Partner in Ports & Terminals | Logistics Parks & Services | Water Solutions
Slide 2: Disclaimer
DISCLAIMER This presentation is strictly confidential and is being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose. This presentation has been prepared by Saudi Industrial Se
Slide 3: Contents
KEY HIGHLIGHTS BUSINESS HIGHLIGHTS Contents CORPORATE GOVERNANCE AND COMPLIANCE FINANCIAL SUMMARY STRATEGY & OUTLOOK
Slide 4: Group Highlights
GROUP HIGHLIGHTS 20% growth revenue - highest reported revenue since 2016 Strong Financial Performance Reported income growth of 9% despite impact of one-off provisions. Adjusted net income growth of 95% excluding various provisions. Growth in Dividend of SAR 0.6 per share represents a 50% inc
Slide 5: Business Highlights
BUSINESS HIGHLIGHTS Your Partner in Ports & Logistics | Water Solutions | Industrial Services
Slide 6: Ports - Key Highlights
PORTS - KEY HIGHLIGHTS Larges Container Terminal in KSA Largest Gateway Terminal in the Red Sea Region 36% Total volume growth 31% Import Growth 37% Export Growth Transhipment 44% Growth SAUDI INDUSTRIAL SERVICES CO. 6 www.sisco.com.sa
Slide 7: Ports - Key Highlights
PORTS - KEY HIGHLIGHTS New 30 year Concession signed on 23rd December 2019 Successfully achieved financial close on 29 March 2020 for debt funding of SAR 750 million to finance expansion Completed takeover of adjacent North Container Terminal on 1 April 2020 Recorded highest ever volumes of 1.9 mill
Slide 8: Development of Ports Business
DEVELOPMENT OF PORTS BUSINESS 2023 2020 5.2 million 2017 TEUs 4.5 million 2015 TEUs Completion 2.5 million of Phase 1 2009 TEUs Takeover of after 1.5 million NCT TEUs takeover 0.5 million Expansion TUEs Project Terminal 2 development Terminal Operation SAR 2.5 billion investment SAR 1 billion invest
Slide 9: Ports - Benefits of New Concession and Expanded Terminal
PORTS - BENEFITS OF NEW CONCESSION AND EXPANDED TERMINAL • Immediate increase in capacity to 4.5 million TEUs following Increased takeover 1 capacity & • Total land size increases to 1.5 million sq m, making it the market share largest terminal in Saudi Arabia • Greater scope to increase market shar
Slide 10: Logistics - Snapshot
LOGISTICS - SNAPSHOT Providing a One-Stop integrated solutions for storage, transport and distribution Strategic Locations LogiPoint Bonded Re-Export zone Located in Jeddah Islamic port that is the largest port in the region LogiPoint Logistics Parks – Modon 1 Jeddah located in the heart of industri
Slide 11: Logistics - Key Highlights
LOGISTICS - KEY HIGHLIGHTS NEW PROJECTS 10 year agreement signed by Aramex in 2019 for built to suit facility. NAQEL Express signed an agreement to Lease 31,500 m2 for a period of 18 years. Aramco signed a 3 year agreement to establish an export hub for its products from Petro Rabigh. 2019 AWARDS SE
Slide 12: Water Sector - Key Highlights
WATER SECTOR - KEY HIGHLIGHTS • In 2019, Kindasa commissioned and commenced operations at its plant in Rabigh to further expand its service Expansion offering in the Western Province. of facilities • The construction of the plant commenced in 2016 and was completed in Q1 of 2019 with full operations
Slide 13: Corporate Governance and Compliance
CORPORATE GOVERNANCE AND COMPLIANCE Your Partner in Ports & Logistics | Water Solutions | Industrial Services
Slide 14: Corporate Governance Overview
CORPORATE GOVERNANCE OVERVIEW • SISCO prides itself on maintaining strong corporate governance and ethics and has continued to comply with the Corporate Governance requirements for listed companies. • Key highlights of SISCO’s Corporate Governance are: o Non-Executive Board Members with 3 Independen
Slide 15: Group Organisation Structure
GROUP ORGANISATION STRUCTURE Board of Board Committees Directors SISCO CEO Departments SUBSIDIARIES ASSOCIATES RSGT LogiPoint Kindasa Tawzea S.A. Talke (Ports) (Logistics) (Water) (Water) (Logistics) All subsidiaries and associates operate autonomously. SISCO exerts influence on the subsidiaries thr
Slide 16: Corporate Governance Overview
CORPORATE GOVERNANCE OVERVIEW Board of 3 Independent Directors Board Members Group Audit Investment Internal Audit NRC Committee Committee Function 4 members – 4 members – 4 members – 3 Independent 2 Independent 2 Independent Group Risk Management SISCO subsidiaries and associates All SISCO subsidia
Slide 17: Group Wide Internal Audit Structure
GROUP WIDE INTERNAL AUDIT STRUCTURE Group Internal Audit Function RSGT Internal LogiPoint Kindasa Tawzea S.A Talke Audit Internal Audit Internal Audit Internal Audit Internal Audit Respective subsidiary and associate Audit Committee 40 audit engagements undertaken during 2019 across the SISCO Group
Slide 18: Evolution of Internal Audit Function
EVOLUTION OF INTERNAL AUDIT FUNCTION SAUDI INDUSTRIAL SERVICES CO. 18 www.sisco.com.sa
Slide 19: Financial Summary
FINANCIAL SUMMARY Your Partner in Ports & Logistics | Water Solutions | Industrial Services
Slide 20: Financial Summary 2019
FINANCIAL SUMMARY 2019 Revenue EBITDA Reported Net Income SAR 675.9 m 19.7% SAR 280.5 m 3.5% SAR 50.9 m 9.0% FY18: SAR 564.7 m FY18: SAR 270.9 m FY18: SAR 46.7 m Adjusted Earnings Per Adjusted Net Income(1) Dividend per share Share SAR 69.7 m 95% SAR 0.60 50% SAR 0.85 95% FY18: SAR 35.7 m FY18: SAR
Slide 21: Financial Summary 2019
FINANCIAL SUMMARY 2019 Group Revenue Composition 2019: Outer Circle 2018: Inner Circle 13% 16% +20% 12% 15% 676 562 565 Ports & Terminals 69% Logistics Segment 75% 2017 2018 2019 Water Solution Net Profit (Adjusted) & Margin Segment Net Income (Adjusted) & Margin 7.1% 2.1% 9.8% 22.4% 21.8% 17.8% 8.5
Slide 22: Strategy & Outlook
STRATEGY & OUTLOOK Your Partner in Ports & Logistics | Water Solutions | Industrial Services
Slide 23: Strategic Focus
STRATEGIC FOCUS We intend to stay focused on our strategic sectors PORTS LOGISTICS WATER • Successfully complete • Development of • Restructure and consolidation of NCT Jeddah Logistics Park. improve the terminal desalinated water • Development of • Continue to focus on business. dedicated expanding
Slide 24: COVID-19 Situation and Mitigation
COVID-19 SITUATION AND MITIGATION CURRENT SITUATION MITIGATION Steps and measures taken by every business unit Measures in place to manage cash flow to ensure business continuity. Priority has been to and profitability including reduction and safeguard employee health & safety. deferral in non c
Slide 25: Thank You
THANK YOU Your Partner in Ports & Logistics | Water Solutions | Industrial Services
Saudi Industrial Services Company (SISCO) — Shareholder Meeting (2020) on 6ix