Mezzan Holding Company Kscc · KSE:MEZZAN
Mezzan Holding Company Kscc — Mezzan Holding Company — Q1 2025 Earnings Presentation
18 slides from Mezzan Holding Company Kscc's earnings presentation, May 12, 2025
Slide 1: Q1 Earnings Presentation
2025 Q1 Earnings Presentation May 12, 2025 1
Slide 2: Disclaimer
Disclaimer This confidential document is provided for informational purposes only. THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES IN ANY JURISDICTION. IT IS SOLELY FOR U
Slide 3: Agenda
Agenda Q1'25 Highlights Q1'25 Financial Review Q&A 3
Slide 4: Q1 Highlights
Q1 Highlights Amr Farghal CEO of Food & FMCG, and Chairman of the Executive Committee 4
Slide 5: Q1 Financial Highlights
Q1 Financial Highlights Revenue Gross Margin EBITDA EBITDA (Q1, 2022-2025) +3.0% +12.7% +11.8% 16.2% CAGR 2022 6.2 KD 88.0 m KD 21.7 m KD 11.3 m 2023 8.3 Net profit Net Income Net Profit to before tax Parent 2024 10.1 +19.7% +17.8% +20.3% 2025 11.3 0 KD Millions 12 KD 7.6 m KD 7.2 m KD 6.9 m Note: A
Slide 6: Q1 Business Highlights
Q1 Business Highlights Operational priorities & execution highlights KSA Market Catering Business Al-Shifa Project Restructuring operating model Exiting low-margin contracts; A 17,000 sqm sterile for scalable, sustainable growth. focusing on high-yield tenders. manufacturing facility is under develo
Slide 7: Q1 Trends
Q1 Trends Q1 Revenue Q1 Gross Profit Q1 Net Profit KD Millions KD Millions KD Millions +5.0% +10.4% +23.4% CAGR CAGR CAGR 2022 72.5 2022 14.6 2022 3.1 2023 79.0 2023 16.5 2023 4.6 2024 85.5 2024 19.3 2024 6.1 2025 88.0 2025 21.7 2025 7.2 0 88 0 22 0 8 Note: All figures are rounded. Manual calculatio
Slide 8: Shareholder Value
Shareholder Value Mezzan’s growth journey since 2020 Highlights Total Shareholder Value Created Since 2020 * Q1 recorded the highest quarterly net profit since Q2 + KD 177 mn 2015, and the highest net + 109% profit margin since Q1 2019. KD 339 m Q1's revenue marks the highest quarterly revenue on re
Slide 9: Financial Review
Financial Review Omar Samoud Group CFO 9
Slide 10: Revenue by Business Line
Revenue By Business Line Food Business Line Non-Food Business Line +2.6% +3.5% Generating 61.2% of total Group Q1'2025 revenue Generating 38.8% of total Group Q1'2025 revenue Note: All ratios are in comparison to Q1 2024 unless otherwise indicated. All figures are rounded. Manual calculations for th
Slide 11: Revenue by Business Line Division
Revenue By Business Line Division Food Business Line (+2.6%) Non-Food Business Line (3.5%) Manufacturing Catering Services FMCG & Healthcare Industrials and distribution +5.7% -21.9% -1.0% +4.1% -7.6% 52.4% of Group Q1 4.3% of Group Q1 4.6% of Group Q1 37.0% of Group Q1 1.8% of Group Q1 revenue reve
Slide 12: Revenue by Country
Revenue by Country Contribution to Group’s top-Line Revenue growth by country Kuwait UAE Jordan * Qatar KSA 78.1% 10.9% 5.4% 3.5% 2.1% +5.0% +2.7% +13.5% -28.3% -13.9% Note: All ratios are in comparison to Q1 2024 unless otherwise indicated. All figures are rounded. Manual calculations for the varia
Slide 13: P&L
P&L Double-digit bottom-line growth driven by margin expansion and operational discipline. KD Million Q1’25 Q1’24 % Diff Revenue 88.0 85.5 3.0% Gross Margin 21.7 19.3 12.7% GM% 24.7% 22.6% SG&A / Other -12.6 -11.4 10.7% Operating Profit 9.1 7.9 15.6% Other -1.52 -1.54 1.4% Underlying Profit Before Tax
Slide 14: Cashflow
Cashflow Working capital discipline mitigated impact of CAPEX and finance costs. KD Million Q1’25 Q1’24 Diff Operating Cashflow Before WC Changes 12.1 10.3 1.8 Working Capital / Other -6.9 -5.4 -1.6 Operating Cashflow 5.2 5.0 0.2 Capital / Other -3.49 -1.7 -1.8 Cash Flow Before Financing 1.7 3.3 -1.
Slide 15: Balance Sheet
Balance Sheet as of March 31, 2025 Assets Equity Net Debt Net Debt to Total KD Millions KD Millions KD Millions Equity (%) KD 300.6 m KD 136.3 m KD 65.1 m 47.7% 2022 277.5 2022 121.7 2022 58.2 2022 47.8 2023 277.4 2023 115.4 2023 56.0 2023 48.6 2024 293.1 2024 125.9 2024 57.8 2024 46.0 2025 300.6 20
Slide 16: Debt trends
Debt trends as of March 31, 2025 Net debt/EBITDA maintained at 2.0x despite higher debt and strategic CAPEX. Note: All figures are rounded. Manual calculations for the variances and percentage difference may not align with the presented figures. 16
Slide 17: Q&A
Q&A 17
Slide 18: Investor Relations Contact
Investor Relations Contact Omar Fouda Investor Relations Manager omar.fouda@mezzan.com
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