14 slides from Al Hassan Ghazi Ibrahim Shaker's earnings presentation, March 2024
Slide 1: Earnings Presentation March 2024
Shaker Earnings Presentation March 2024
Slide 2: Today's Presenters
Today’s Presenters Mohammed Abunayyan Mazen ElGhafeer Firas Al Sayegh Chief Executive Officer Chief Financial Officer– Finance Vice President – Strategy & Shared Services Page 2
Slide 3: Disclaimer
Disclaimer This presentation has been prepared solely for use as an investor presentation for Shaker (the “Company”). By attending or by reading this presentation, you agree to be bound by the following limitations. The information contained in this presentation is for background purposes only and d
Slide 4: Agenda
Agenda 1. Shaker Overview 2. Q4 & FY23 Financial performance 3. Q&A Session Page 4
Slide 5: Q4 & Full Year 2023 Financial Performance
Q4 & Full Year 2023 FINANCIAL PERFORMANCE
Slide 6: FY23 Highlights
FY23 Highlights Highest revenue since FY16, driven by Landmark agreement with LG Successful completion of strategic double digit revenue growth HVAC and to include the full range of LG divestment of New Vision for HA/HE and highest net profit since FY15 products in Shaker’s HA/HE Electronics and Ele
Slide 7: Key Highlights: Q4 2023
Key Highlights: Q4 2023 Revenue by Segment SAR (Millions) Gross Profit +41.66% Gross Profit Margin +3.71pp +23.90% Q4 2023 75.46 Q4 2023 29.07% Q4 2022 53.27 Q4 2022 25.36% Q4 2022 0.074 Q4 2023 0.03% EBITDA +91.77% EBITDA Margin +2.98pp 52.24 24.94% 83.11 Q4 2023 21.74 Q4 2023 8.37% 32.02% Q4 2022
Slide 8: Key Highlights: FY23
Key Highlights: FY23 Revenue by Segment SAR (Millions) Gross Profit +33.71% Gross Profit Margin +2.79pp +19.19% FY23 317.76 FY23 25.70% FY22 237.64 FY22 22.91% FY22 0.074 FY23 0.01% EBITDA +69.75% EBITDA Margin +3.29pp 360.15 436.49 FY23 136.65 FY23 11.05% 34.72% 35.31% FY22 80.50 FY22 7.76% 1,037.2
Slide 9: Robust Balance Sheet
Robust Balance Sheet Key Return Ratios (YoY) ROA* +2.30pp ROE* +4.10pp 9.12% 0.53% FY23 9.12% FY23 4.34% 5.02% 0.25% FY22 2.03% FY22 5.02% 4.34% -0.15% 2.03% -0.36% Return on Return on Return on Return on Current Ratio +4.90% Total Borrowings/Equity -31.65% Assets Equity Assets Equity FY22 FY23 Q4 2
Slide 10: Leverage Levels: FY23
Leverage Levels: FY23 Long-term Borrowings Long-term borrowing at zero Total Liabilities/Total Assets -10.22% Total Liabilities/Equity1 -23.59% since Q3 2022 FY23 0.52x FY23 1.10x FY22 0.58x FY22 1.44x Short-term Borrowings -27.03% Interest Coverage Ratio2 -19.10% Net Debt/Equity1,3 -26.87% Short Te
Slide 11: Cash Flow Bridge
Cash Flow Bridge Highlights • Net Cash position was 18.8 mn compared to 2022 year-end of 72.7 mn mainly driven by lower Cash flow from financing activities (134.9 mn) • Cash Flow from operating activities mainly impacted by changes in working capital due to increase in trade receivables & other rece
Slide 12: Strategic Priorities for 2024
Strategic Priorities for 2024 Expanding Optimize Enhance Progress Disciplined Market Inventory Operational on capital Footprint Levels Efficiency Cashew allocation • Expand HVAC • Streamlining • Transitioning to • Finalizing • Deleveraging of solutions (B2B & inventory for SAP’s S/4 Hanna regulatory
Slide 13: Q&A Session
! : P Q&A Session + 4.
Slide 14: Contact
CONTACT MR. MAZEN ELGHAFEER VICE PRESIDENT FINANCE M.GHAFEER@SHAKER.COM.SA +966-11-2638900