Alkhorayef Water & Power Technologies · TADAWUL:2081
Alkhorayef Water & Power Technologies — Q3 2024 Earnings Presentation
37 slides from Alkhorayef Water & Power Technologies's earnings presentation, 2024
Slide 1: AWPT Earning and Business Presentation Q3 2024
AWPT Earning and Business Presentation Q3 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Alkhorayef Water & Power Technologies (AWPT) and reflects the management’s current expectations or strategy concerning future events and are subject to known and unknown risks and uncertainties. Some of the statements in this presentation constitute
Slide 3: CEO Message - Performance driven
CEO Message - Alkhorayef Water and Power Technologies (AWPT): Performance driven Allow me to express our excitement to meet again and share with you AWPT’s performance and achievements in- light of the great water sector opportunities announced recently. At Alkhorayef Water and Power Technologies, w
Slide 4: CEO Message - Performance driven – Continued
CEO Message - Alkhorayef Water and Power Technologies (AWPT): Performance driven – Continued On the financial side as at 9M 2024, company revenue grew by 11% compared to same period previous year, with gross profit growth of 48% at Sar 281.94 million with gross profit margin of 21%, with net income
Slide 5: AWPT Key Figures
AWPT Key Figures AWPT at a glance KEY FACTS AND FIGURES AWPT is a market leader in the Kingdom's water and wastewater sector, with a long-standing history of successful operations across the country. Established Population served 1985 Over 31 million Ranked 14th global water company by GWI, a high-p
Slide 6: AWPT Activities Across Full Value Chain of Water & Wastewater
AWPT Activities Across Full Value Chain of Water & Wastewater DELIVERY MODEL AWPT'S COVERAGE ACROSS MULTIPLE DIMENSIONS 1,124,792 AWPT offering and Construction Desalination Water Treatment capabilities (EPC) We offer integrated services along the entire Operation & Maintenance Water Transmission Wa
Slide 7: The Water Segment
The Water Segment Our Water segment includes water withdraw and treatment services and water networks services 1,124,792 Water withdraw and treatment encompasses: • Water Treatment Plants – Engineering, procurement, rehabilitation, construction and O&M of large capacity and centralized sea water and
Slide 8: The Wastewater Segment
The Wastewater Segment Our Wastewater segment includes wastewater treatment services and wastewater networks services Wastewater treatment encompasses: • Sewage Wastewater Treatment Plants - Engineering, procurement, execution, commissioning, upgrading and rehabilitating of advanced large-scale plan
Slide 9: The Integrated Water Solutions Segment
The Integrated Water Solutions Segment Our Integrated Water Solutions segment includes stormwater networks services, city management services and water management services Stormwater networks encompasses: • Stormwater Network - Engineering, procurement, execution, commissioning, upgrading, rehabilit
Slide 10: Strong presence across the water value chain in O&M and Project Services
Through its long operational history, AWPT has established strong presence across the water value chain in O&M and Project Services Average Revenue Sea Water Dams Ground Water Contribution Sub-segments (2018 – 9M 2024) 1 Water 1 1 Water supply and treatment 22% Desalination Treatment Upstream 2 Wate
Slide 11: Extensive local knowledge and geographical footprint expansion
Amassed extensive local knowledge and diversified experience, enabling significant geographical footprint expansion Hail 5 projects Alhudud Ashimaliyah 2 workshops 3 projects Qassim 1 workshops 11 projects Tabuk 1 workshops 1 projects Riyadh 1 workshops 22 projects Almadinah 6 workshops 7 projects E
Slide 12: Executive Summary for AWPT Performance – Q3 2024 Vs Q3-2023 & Vs Q2-2024
Executive Summary for AWPT Performance – PTD Q3 2024 Vs Q3-2023 & Vs Q2-2024 Sustainable and adaptive company achieving continued growth and outstanding 360-degree performance PTD Q3 2024 PTD Q3 2023 YoY % PTD Q3 2024 PTD Q2 2024 YoY % Statement of Profit or Loss Actual Actual Change Actual Actual C
Slide 13: Executive Summary for AWPT Performance – YTD Q3-2024 Vs Q3-2023
Executive Summary for AWPT Performance – YTD Q3-2024 Vs Q3-2023 Sustainable and adaptive company achieving continued growth and outstanding 360-degree performance YTD Sep 2024 YTD Sep 2023 YoY % Statement of Profit or Loss Actual Actual Change Revenue 1,342.47 1,206.87 11% Cost of revenue (1,060.53)
Slide 14: Revenue Backlog Q3-24
Revenue Backlog Q3-24 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 Q3 24 AWPT Backlog Other Backlog 2,560 7,793 1,124,792 4,694 6,576 1,342 59 million Saudi Riyals % 3,682 2,741 3,577 1,695 27 1,078 1,641 806 % 764 1,106 543 494 658 400 582 839 497 483 319 19% Assotiated Revenue Recognized New Contract
Slide 15: Backlog Recognition as of Q3 2024
Backlog Recognition as of Q3 2024 7,793 743 mS million Saudi Riyals 2,314 mS 1,492 mS 408 mS 203 mS 191 mS 2,442 mS Revenue Recognized - The company is projecting a record-breaking year in 2024 with revenue of 2.1 bsar. This is followed by healthy contributions from existing projects in 2025 at 2.3
Slide 16: IWTP2 Project Overview: Rayis-Rabigh (Awarded)
IWTP2 Project Overview: Rayis-Rabigh (AWARDED) Project Timetable Project Name Rayis-Rabigh IWTP Tariff SAR 1.25678 / m3 Ministry of Finance Project Capacity / Length 500,000m3/day / 150km 35 years from the Project Commercial Operation WTA Term Date (“PCOD”) COBRA AWPT Credit Support SPV, EPC Company
Slide 17: Revenue and Backlog Segmentation
Revenue and Backlog Segmentation Revenue and Backlog by Segment SAR'000 Sep-23 Sep-24 Backlog (Q3- 24) Water segment Water networks 618,753 686,301 2,293,495 Revenue and Backlog Diversification Maintaining a Versatile and Water withdraw and treatment 156,710 147,710 326,364 Comprehensive Operations
Slide 18: Long Term O&M Contracts for STP Package #5 – Manfouha
Long Term O&M Contracts for Sewage Treatment Plant PACKAGE #5 – Manfouha (AWARDED) Project Overview The project consists of three existing sewage treatment plants in the Riyadh area namely the Manfouha North, Manfouha East, Manfouha 4 with total treatment capacity of 700,000 m3/day, the three STPs
Slide 19: Long Term O&M Contracts for STP Package #6 - Heet and Al-Hayer
Long Term O&M Contracts for Sewage Treatment Plant PACKAGE #6 - Heet and Al-Hayer (AWARDED) Project Overview The project consisting of four existing sewage treatment plants in the Riyadh area namely “Hayer STP, Heet 01 STP, Heet 02 STP and Heet 03 STP” with total treatment capacity of 870,000 m3/d
Slide 20: Package #6 - Financial Close Progress
Long Term O&M Contracts for Sewage Treatment Plant PACKAGE #6 - Heet and Al-Hayer (AWARDED) Financial Close Progress The project consisting of four existing sewage treatment plants in the Riyadh area namely “Hayer STP, Heet 01 STP, Heet 02 STP and Heet 03 STP” with total treatment capacity of 870,
Slide 21: Long Term O&M Contracts for STP Package #7 - Al Ahsa
Long Term O&M Contracts for Sewage Treatment Plant PACKAGE #7 - Al Ahsa (AWARDED) Project Overview The project consisting of four sewage treatment plants in Al Ahsa area namely “Hofuf 01 STP , Hofuf 02 STP , Al Oyun STP and Al Omran STP” with total treatment capacity of 472,000 m3/day, the four ST
Slide 22: Package #7 - Financial Close Progress
Long Term O&M Contracts for Sewage Treatment Plant PACKAGE #7 - Al Ahsa (AWARDED) Financial Close Progress The project consisting of four sewage treatment plants in Al Ahsa area namely “Hofuf 01 STP , Hofuf 02 STP , Aloyun STP and Al Omran STP” with total treatment capacity of 472,000 m3/day, the
Slide 23: IWTP - Riyadh - Qassim Independent Water Transmission Pipeline (Under Submission)
IWTP - Project Overview: Riyadh - Qassim Independent Water Transmission Pipeline (UNDER SUBMISSION) Project Timetable Project Name Riyadh – Qassim IWTP Project Capacity / Length 685,000 m3/day / 859km Ministry of Finance 35 years from the Project Commercial Operation Date WTA Term (“PCOD”) Construct
Slide 24: RAKWA Phase 1 Independent Sewage Treatment Plant (Under Submission)
RAKWA Phase 1 Independent Sewage Treatment Plant and Strategic Wastewater Networks Project (UNDER SUBMISSION) Project Timetable RAKWA Phase 1 Independent Sewage Treatment Plant Project Name and Strategic Wastewater Networks Project 1- ISTP 60,000 m3/day. 2- Gravity pipeline 6.25 KM with diameter 120
Slide 25: SSTP - Small Sewage Treatment Plant and Main Trunk Sewer (Under Submission)
SSTP - Small Sewage Treatment Plant (SSTP) and Main Trunk Sewer (UNDER SUBMISSION) Project Timetable Small Sewage Treatment Plant (SSTP) and main trunk Project Name sewer Ministry of Project Capacity / Length 74,700 m3/day “treatment capacity” / 166.5 KM Finance 25 years from the Project Commercial
Slide 26: Major New Business
Major New Business Bids Pending Results – Short Term O&M and EPC Projects • AWPT Bids Pending Results for 2 to 4 years duration EPC and O&M projects: AWPT submitted bids for several projects since March 2024 with our clients, including NWC, SWCC, SIO, and others, totaling over 5 billion Riyals, awai
Slide 27: Revenue by Segment and Contract Type
Revenue by Segment and Contract Type Revenue by Segment (SAR MN) Revenue by Contract Type (SAR MN) Water Wastewater Integrated Water Solution Segments O&M Project Services Contract Type 1709 1709 318 1342 1342 1206 1206 256 212 923 232 822 296 622 199 822 628 521 569 275 168 521 569 118 1135 89 193
Slide 28: Margins
Topline growth met with improving profitability Gross Profit by Segment (SAR MN) Gross Profit by Contract Type (SAR MN) Water Wastewater Integrated Water Solution Segment O&M Project Services Contract Type 282 282 262 4 262 34 79 187 31 190 187 190 157 136 151 33 144 143 151 37 59 9 22 27 82 21 22 6
Slide 29: Topline growth met with improving profitability
Topline growth met with improving profitability EBITDA (SAR MN) Net Income before Zakat (SAR MN) EBITDA EBITDA margin Net Income Net Income Margin 177 21.9% 253 155 25.5% 244 19.6% 23.9% 21.0% 188 117 123 114 111 173 19.0% 14.6% 13.0% 133 137 15.0% 14.3% 11.0% 9.0% 2020 2021 2022 2023 Q3-2023 Q3-202
Slide 30: Efficient performance solidifying a robust financial position
Efficient performance solidifying a robust financial position 521 698 Balance Sheet (SAR MN) 330 147 538 Equity 204 321 398 Non-Current Liabilities 1,745 Current Liabilities 154 203 1,372 1,421 75 356 Non-Current Assets 866 960 67 294 107 215 473 597 586 Current Assets 339 36 84 288 155 170 Key Rati
Slide 31: AWPT strategically positioned to thrive in KSA's evolving water market
As a local champion, AWPT is strategically positioned to thrive in KSA’s evolving water market Strengthen leadership position in O&M Services, with focus on newly floated long-term O&M (LTOM) projects and city management projects Strategic Objectives Expand in Project Services for critical infrastru
Slide 32: Saudi Arabia Water and Wastewater Projects Pipeline - NWC Five Years Plan
Saudi Arabia Water and Wastewater Projects Pipeline National Water Company (NWC) – Five Years Capital Projects Plan AWPT Business Units Segment 1. Water segment 2. Wastewater segment 3. Integrated Water Solutions Sub-segments Water supply & treatment Water networks WW treatment WW networks Stormwate
Slide 33: Saudi Arabia Water and Wastewater Projects Pipeline - NWC LTOM Program
Saudi Arabia Water and Wastewater Projects Pipeline National Water Company (NWC) – Privatization Plan LTOM Program AWPT Business Units Segment 1. Water segment 2. Wastewater segment 3. Integrated Water Solutions Sub-segments Water supply & treatment Water networks WW treatment WW networks Stormwater
Slide 34: Saudi Arabia Water and Wastewater Projects Pipeline - SWPC Privatization
Saudi Arabia Water and Wastewater Projects Pipeline Saudi Water Partnership Company (SWPC) – Privatization Projects AWPT Business Units Segment 1. Water segment 2. Wastewater segment 3. Integrated Water Solutions Sub-segments Water supply & treatment Water networks WW treatment WW networks Stormwate
Slide 35: Saudi Arabia Water and Wastewater Projects Pipeline - WTTCO Capital Projects
Saudi Arabia Water and Wastewater Projects Pipeline Water Transmission & Technologies Co. (WTTCO) – Capital Projects AWPT Business Units Segment 1. Water segment 2. Wastewater segment 3. Integrated Water Solutions Sub-segments Water supply & treatment Water networks WW treatment WW networks Stormwat
Slide 36: Saudi Arabia Water and Wastewater Projects Pipeline - WTTCO Privatization
Saudi Arabia Water and Wastewater Projects Pipeline Water Transmission & Technologies Co. (WTTCO) – Privatization Projects AWPT Business Units Segment 1. Water segment 2. Wastewater segment 3. Integrated Water Solutions Sub-segments Water supply & treatment Water networks WW treatment WW networks St
Slide 37: Contact Details
Contact Details Rami Moussilli Ramzi Azar Chief Executive Officer Chief Strategy and Performance Officer
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