Mannai Corporation Q.p.s.c. · QSE:MCCS
Mannai Corporation Q.p.s.c — Q3 2019 Earnings Presentation
12 slides from Mannai Corporation Q.p.s.c's earnings presentation, October 2019
Slide 1: Mannai Corporation QPSC 3Q'19 Financial Summary
Mannai Corporation QPSC 3Q'19 Financial Summary
Slide 2: Disclaimer
Disclaimer Mannai Corporation Q.P.S.C. cautions investors that certain statements contained in this document state Mannai Corporation’s management's intentions, hopes, beliefs, expectations, or predictions of the future and, as such, are forward-looking statements. Mannai Corporation management wish
Slide 3: Financial Highlights
Financial Highlights QAR m 3Q YTD’ 18 3Q YTD’19 Revenues 7,686m 8,525m 11% Gross Profit % 24.0% 21.0% (3.0)pts SG&A Expenses 1,303m 1,163m 11% EBITDA 671m 759m 13% Finance Cost 224m 311m (39)% Net Profit 221m 81m (63)% Capital Employed 8,811m 9,124m 4% Earnings Per Share 0.49 0.18 (63)% 3
Slide 4: Profit Fall Due Higher Finance Costs and Jewellery Segment
Profit Fall Due Higher Finance Costs and Jewellery Segment QAR m • Growth in Information Technology segment of 7%, driven by organic order growth and Net Profit acquisitions 221 • Jewellery loss of (50)m, down 49m, as UAE luxury segment continues to deteriorate • Finance costs increase of 87m driven
Slide 5: Revenues Growth of 11% Driven by IT Segment Growth
Revenues Growth of 11% Driven by IT Segment Growth QAR m Revenue • IT segment growth of 18% driven by 11% Realdolmen acquisition and strong organic 8,525 7,686 growth in Qatar • Jewellery revenues down 14% as UAE retail sector continues to slow • Auto new vehicle sales up 10%, boosted by new pick-up
Slide 6: IT Segment Grows from 75% to 81% of Group Revenues
IT Segment Grows from 75% to 81% of Group Revenues Revenue Mix 3Q YTD‘18 3Q YTD‘19 Other 5% Other 4% Auto 6% Auto 7% Damas 10% Damas 13% IT 75% IT 80% 6
Slide 7: Gfi Growth Bring Europe Share to 58%
Gfi Growth Bring Europe Share to 58% Revenue Mix 3Q YTD ‘18 3Q YTD ‘19 Other 1% Other 0% Qatar 31% Qatar 32% Europe 55% Europe 58% Other GCC 13% Other GCC 10% 7
Slide 8: Other Income Reduction Due to Significant Gain in Q3'18
Other Income Reduction Due to Significant Gain in Q3’18 QAR m Other Income 110 • Gain on sale of IT investment of 81m (74)% recognised in Q3’18 66 3Q YTD'18 3Q YTD'19 8
Slide 9: Solid Revenue Growth Increase IT Segment Profit Mix to 81%
Solid Revenue Growth Increase IT Segment Profit Mix to 81% EBIT Profit Mix* 3Q YTD‘18 3Q YTD‘19 Auto 8% All Other 10% Auto 11% Axiom 2% All Other 28% Damas -4% Axiom -1% Damas 5% IT 60% IT 81% 9
Slide 10: Debt Increase from Growth Investment in IT Segment Drives Increase in Finance Costs
Debt Increase from Growth Investment in IT Segment Drives Increase in Finance Costs QAR m Debt Finance Cost 7,245 7,385 311 39% 6,737 5,281 224 FY '17 FY '18 1H' 19 3Q YTD'19 3Q YTD'18 3Q YTD'19 • FY’18 Debt increase driven by increased stake in Gfi Informatique & Realdolmen acquisition • YTD’19 inc
Slide 11: IFRS16 Impact on Key Income Statement Lines
IFRS16 Impact on Key Income Statement Lines* QAR m G&A Expenses S&D Expenses EBITDA Depreciation & Amortisation Rent Expenses transferred to Depreciation and Finance Costs 0.4% 759 +13% 906 910 (2)% 394 385 IFRS 671 290 +82% 16 93 IFRS IFRS 157 16 39 One-off gain 81 16 IFRS +2% 16 142 160 906 394 81
Slide 12: Mannai Corporation QSC
Mannai Corporation QSC Tel: +974-4455 8888 Fax: +974 4455 8880 www.mannai.com CONTACTS Investor Relations Ewan Cameron Chief Financial Officer Abayazeed Ahmed Investor Relations Officer email: investor.relations@mannai.com.qa Tel (Direct) : +974-44558844 12 12
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