Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — 9M 2019 Earnings Presentation
26 slides from Quest Holdings Sa's earnings presentation, Nov 25, 2019
Slide 1: Corporate IR Presentation
Corporate IR Presentation Based on 9M 2019 Financial Results
Slide 2: 9M 2019 Results
01. 9M 2019 Results Overview Financial Performance Highlights / Outlook 2
Slide 3: Quest Group at a Glance (9M 2019)
Quest Group at a Glance (9M 2019) €156m €400m Active in : Revenues Total Equity Revenues ▪ ICT Products* € 206m ▪ IT Services € 85m >38 years Diversified ▪ Courier/Post € 79m successful track record Business operations applying ▪ Electronic Payments € 25m (est. in 1981) active management principles
Slide 4: P&L (9M 2019)
P&L (9M 2019) Amounts in ,000 € Explanations/Clarifications: 9M 2019 YoY % 9M 2018 ▪ 9M2019 Results include extraordinary positive Sales 400.097 15,7% 345.905 effect from reversal of past negative provisions EBITDA 39.315 29,7% 30.315 of ~+€1,4m (which affected negatively by the % sales 9,8% 8,8% sa
Slide 5: P&L (9M 2019) – Sales, EBITDA, EBT
P&L (9M 2019) Amounts in ,000 € EBITDA 50.000 12,0% 9,8% 9,0% 8,8% 10,0% 40.000 8,3% 2019 VS 2015 6,9% 39.315 30.000 30.315 8,0% 6,0% +142% 26.490 4years CAGR SALES 20.000 21.973 4,0% 450.000 400.000 10.000 16.221 2,0% +24,7% 350.000 400.097 2019 VS 2015 - 0,0% 300.000 345.905 +71% 250.000 266.311 2
Slide 6: Quarterly results
Quarterly results Amounts in ,000 € Q1 2019 YoY % Q1 2018 Q2 2019 YoY % Q2 2018 6M 2019 YoY % 6M 2018 Q3 2019 YoY % Q3 2018 9M 2019 YoY % 9M 2018 Sales 124.996 7,9% 115.862 133.182 16,7% 114.122 258.178 12,3% 229.983 141.920 22,4% 115.922 400.097 15,7% 345.905 EBITDA 11.845 10,8% 10.691 13.800 44,8%
Slide 7: Balance sheet (9M 2019)
Balance sheet (9M 2019) Amounts in ,000 € Group Balance Sheet 9M 2019 12M 2018 Tangible & intangible assets Right-of-use assets 76.186 20.885 70.245 - €409m €156m Goodwill 44.425 31.649 Total Assets Total Equity Other 36.587 34.186 Non-current assets 178.083 136.081 Inventories 25.582 26.376 Trade &
Slide 8: Cash Flow (9M 2019)
Cash Flow (9M 2019) Amounts in ,000 € Group Cash Flow 9M 2019 9M 2018 EBT 23.357 17.917 Depreciation/Amortization 13.243 9.674 WoC (Change in Inventories, Receivables, Payables) (42.232) (708) Tax paid (3.111) (3.941) Other operating activities (4.111) (2.810) Cash flows from operating activities (9
Slide 9: 9M 2019 Highlights / Group Outlook
9M 2019 Highlights / Group Outlook 9M 2019 Highlights ▪ Strong 9M course with Double Digit Growth in all Sales (+15,7%), Ebitda (+29,7%) , EBT (+30,4%) & Earnings per Share (+39,6%) vs 9M 2018. ▪ Revenues growth mainly fueled by strong IT products & IT services Sectors Growth ▪ Regarding overall per
Slide 10: Appendix
02. Appendix Business Segments Analysis Other Corporate info Outlook – Strategy 2021 10
Slide 11: IT Products (Wholesale/ Retail)
IT Products (Wholesale/ Retail) Info/Overview 9M Financial Results ▪ Largest distributor of H/W and S/W products in Greece Amount in ,000€ 9M 2019 YoY % 9M 2018 ▪ €271m revenue in 2018 Sales 206.090 19% 173.829 ▪ 40%+ of ICT distribution Market in Greece EBITDA 7.765 201% 2.577 ▪ Certified Greek par
Slide 12: IT Services
IT Services Info/Overview 9M Financial Results ▪ Leading IT integrator in domestic market ~ 20% Market Share Amount in ,000€ 9M 2019 YoY % 9M 2018 ▪ €89m revenue in 2018 Sales 84.805 31% 64.942 ▪ 30+ countries of operations EBITDA 4.062 122% 1.826 % sales 4,8% 2,8% ▪ ~40% International revenues EBT
Slide 13: Courier & Postal
Courier & Postal Info/Overview 9M Financial Results ▪ Largest Local Courier Operator in SE Europe (~ 24% Μarket Amount in ,000€ 9M 2019 YoY % 9M 2018 Share) Sales 79.204 7% 74.149 ▪ €101m revenue in 2018 EBITDA 12.016 27% 9.474 ▪ Leading Alternative Postal Operator in Greece (~7% Μarket % sales 15,2
Slide 14: Electronic Payments
Electronic Payments Info/Overview 9M Financial Results ▪ Leading POS network operator in Greece Amount in ,000€ 9M 2019 YoY % 9M 2018 ▪ €33m revenue in 2018 Sales 24.932 -21% 31.375 ▪ ~230K installed POS in merchants EBITDA 11.075 -27% 15.122 ▪ ~40% Μarket Share in POS % sales 44,4% 48,2% EBT 4.419
Slide 15: Renewable Energy & Other
Renewable Energy & Other Info/Overview 9M Financial Results ▪ €2,1m revenue in 2018 Amount in ,000€ 9M 2019 YoY % 9M 2018 ▪ Quest Energy(QE): Owns & operates 14 photovoltaic Sales 5.068 215% 1.610 parks of 25,2MW power (at 30/9/19) EBITDA 4.396 234% 1.317 ▪ Quest Holdings(QH): Parent Company, operat
Slide 16: Segment Contribution in Sales & Ebitda (9M 2019)
Segment Contribution in Sales & Ebitda (9M 2019) Amounts in ,000 € IT Products Courier & Electronic (Wholesale/ Retail) IT Services Payments Energy & Other Total Group Postal 206.090 84.805 79.204 24.932 5.068 21 6% 0,1% % 20% Sales 52% 400.097 7.765 4.062 12.016 11.075 4.396 10% 28 11% Ebitda 20% 3
Slide 17: Segment Analysis 9M 2019
Segment Analysis 9M 2019 Electronic 9M 2019 (€ x 1.000) IT Products ΙΤ Services Courier & Postal Renewable Energy Unallocated Total Payments Total gross segment sales 230.522 85.748 80.184 25.033 5.201 - 426.688 Inter-segment sales (24.433) (943) (980) (102) (130) (4) (26.591) Net sales 206.090 84.8
Slide 18: Quest Group at a Glance (12M 2018)
Quest Group at a Glance (12M 2018) €140m €498m Active in : Revenues Total Equity Revenues ▪ ICT Products* € 272m ▪ IT Services € 89m >37 years Diversified ▪ Courier/Post € 101m successful track record Business operations applying ▪ Electronic Payments € 34m (est. in 1981) active management principle
Slide 19: Segment Analysis 12M 2018
Segment Analysis 12M 2018 12M 2018 (€ x 1.000) IT Products ΙΤ Services Courier & Postal Electronic Payments Renewable Energy Unallocated Total Total gross segment sales 302.263 90.205 102.795 33.777 2.278 - 531.319 Inter-segment sales (30.479) (1.525) (1.436) (22) (134) (43) (33.639) Net sales 271.7
Slide 20: Current Activities / Main Growth Focus Areas
Current Activities Main Growth Focus Areas 01 06 Distribution 04 Mobility & IoT Infrastructure Channel 01 Electronic Payments Mobility & IoT 05 Focus 05 02 E-Commerce Infrastructure Areas 02 Electronic Payments E-Commerce 04 Int. Markets 03 06 03 International Inorganic Markets Investments in RE & N
Slide 21: Quest's 2021 Strategy - On good track
Quest’s 2021 Strategy - Οn good track Strategic Orientation Strategic Targets Focus on Growing Areas and 01 Growth Improve Profitability Reach ~€600m Digital Economy Investments Revenues Mobility & IoT 2018-2021 (+50% vs 2016) E-Commerce ~€80m Improve ROE* to ~20% 02 Organizational Invest in Areas w
Slide 22: CSR & Sustainability
CSR & Sustainability ▪ CSR and Sustainable Development is a strategic focus for Quest Group Strategic CSR Focus ▪ The Group endorses the 10 Principles of the UN ▪ Market: Responsible and Ethical Entrepreneurship, Regulatory Global Compact, the 17 UN Sustainable Compliance, Continuous Growth, Expansi
Slide 23: Corporate Governance
Corporate Governance ▪ The management and operation of the Quest Group is Goals based on a modern, dynamic and flexible Corporate By applying the core principles of Corporate Governance, the Governance model. company has set the following goals: ▪ Group Corporate Governance: ✓ Is in line with Greek
Slide 24: Shareholders Structure/Share History
Shareholders Structure/Share History Free Float 24% Total Capital Return to the Theodoros Shareholders (2009-2019) Eftychia Fessas Koutsoureli 51% € 75m** 25% 1.200 8 7 1.000 Quest share value (€) 6 800 € 253m * 5 General Index 600 4 Capitalization 400 3 2 200 1 0 0 2014 2015 2016 2017 2018 2019 *On
Slide 25: Disclaimer
Disclaimer ▪ This document might contain estimations and forward-looking statements relating to the Group’s future business, development and economic performance. It also includes statements from sources that have not been independently verified by the Company. ▪ Such statements may be subject to a
Slide 26: Thank you
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