Rak Ceramics Pjsc · ADX:RAKCEC
Rak Ceramics Pjsc — Shareholder Meeting (March 2019)
10 slides from Rak Ceramics Pjsc's shareholder meeting presentation, Mar 11, 2019
Slide 1: Annual General Meeting 11th March 2019
2019 ANNUAL GENERAL MEETING ANNUAL GENERAL MEETING 11TH MARCH 2019 RAK Ceramics PJSC © 2019. All rights reserved 1
Slide 2: Financial Results 2018
2019 ANNUAL GENERAL MEETING Financial Results 2018 RAK Ceramics PJSC © 2019. All rights reserved 2
Slide 3: FY 2018 Key financial highlights
2019 ANNUAL GENERAL MEETING FY 2018 Key financial highlights REVENUES GROSS MARGINS (%) TOTAL REVENUE (AED MN) CORE REVENUE (AED MN) CONSOLIDATED GP MARGINS (%) CORE GP MARGINS (%) -2.8% +1.0% 2,776 2,855 33.2% 31.6% 33.3% 32.5% 2,640 2,615 YOY 136 240 264 238 +11.0% 498 506 30.6% 56.1% 52.0% -1.6%
Slide 4: Highlights and challenges
2019 ANNUAL GENERAL MEETING FY 2018 Highlights and challenges 2018 HIGHLIGHTS NET PROFIT BRIDGE (AED M) -28.7% • Revenue growth in the UAE, India and AED 104.5MN Tableware • Stable performance in Bangladesh • Continued cost efficiencies, increasing GP +14.1 -38.6 margins • Increased A- Grade product
Slide 5: Performance by segment
2019 ANNUAL GENERAL MEETING FY 2018 Performance by segment FY 2018 RESULTS REVENUE BY SEGMENT (AED MN) 2018 2017 Core revenue in 2018 increased by +1.0% due to Amount Amount Growth strong performance in tiles and tableware segments. Tiles 1,878.9 1,871.3 0.4% Effective from 1st Jan 2018, revenue rec
Slide 6: Performance by region
2019 ANNUAL GENERAL MEETING FY 2018 Performance by region FY 2018 RESULTS TILES & SANITARY WARE REVENUE BY REGION (AED MN) UAE and Saudi Arabia markets 2018 2017 are key drivers of growth year Amount Amount Growth on year. UAE 792.8 754.5 5.1% In local currency growth in India is +2.5% Saudi Arabia
Slide 7: Balance sheet evolution
2019 ANNUAL GENERAL MEETING Balance sheet evolution FY 2018 RESULTS RETURN ON EQUITY (%) OPERATING CYCLE (DAYS) 11.4 281 10.4 262 280 Return on equity is 8.1% in 9.0 218 225 8.1 2018. 180 188 214 227 246 Operating Cycle is stable at 7.1 (Adjusted) 107 108 110 120 108 280 days. -69 -71 -62 -66 -74 1.
Slide 8: GCC Expansion Strategy Update
2019 ANNUAL GENERAL MEETING GCC Expansion Strategy Update RAK Ceramics PJSC © 2019. All rights reserved 8
Slide 9: GCC expansion strategy
2019 ANNUAL GENERAL MEETING GCC expansion strategy The Board has approved the construction of a secondary, low-cost manufacturing facility in Saudi Arabia. This will enable the company to be more competitive in the commodity/fast-moving segments of regional and European markets The state-of-the-art
Slide 10: 2019 ANNUAL GENERAL MEETING RAK Ceramics PJSC © 2019. All rights reserved
2019 ANNUAL GENERAL MEETING RAK Ceramics PJSC © 2019. All rights reserved 10