Rak Ceramics Pjsc · ADX:RAKCEC
Rak Ceramics Pjsc — FY2019 Earnings Presentation
16 slides from Rak Ceramics Pjsc's earnings presentation, February 2020
Slide 1: Earnings Presentation - 2019 FY & Q4 Results
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS EARNINGS PRESENTATION - 2019 FY & Q4 2019 RESULTS FEBRUARY 2020 RAK Ceramics PJSC © 2020. All rights reserved
Slide 2: Attendees
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS Attendees Abdallah Massaad PK Chand Group Chief Executive Officer Group Chief Financial Officer Abdallah Massaad is Group CEO of RAK Ceramics and has more than 22 years experience Pramod Kumar Chand is the Group Chief Financial Officer of RAK Ceramics. Mr
Slide 3: Disclaimer
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS Disclaimer This information contained in the enclosed presentation summarises preliminary and and past performance is not indicative of future results. The Company undertakes no introductory information on RAK Ceramics PJSC (the Company). This presentatio
Slide 4: Key achievements 2019
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS Key achievements 2019 Growth in Saudi Arabia Growth in Sanitaryware and Margin Improvement Faucets business Increase in revenue supported by Gross profit margins continue to growth in wholesale and projects Market expansion in Europe, Saudi increase due t
Slide 5: 2019 Key financial highlights
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS 2019 Key financial highlights Total revenue decreased by Total gross profit margin Reported net profit decreased by -5.6% YoY to AED2.57bn. On increased by +120bps YoY to -8.8% YoY to AED205.2m with a constant currency basis, as of 33.2%, driven by an inc
Slide 6: 2019 Net profit bridge
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS 2019 Net profit bridge MANAGEMENT COMMENTS NET PROFIT BRIDGE 2019 VS 2018 (AEDM) Reported net profit in 2019 +22.1 decreased by -8.8% YoY to AED205.2m, due to a revenue -18.9 -23.1 decrease which impacting the 225.1 206.2 205.2 bottom line by approximatel
Slide 7: 2019 Tiles and SW revenues by end market
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS 2019 Tiles and SW revenues by end market MANAGEMENT COMMENTS TILES SANITARYWARE Weak economic outlook and increasing competition due to 2019 2018 2019 2018 globally excess capacity continues Amount in AED M Amount Amount YoY Amount Amount YoY to create a
Slide 8: Q4 2019 Key financial highlights
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS Q4 2019 Key financial highlights Total revenue decreased by Total gross profit margin Reported net profit decreased by -3.9% YoY to AED685.3m. On increased by +170bps YoY to -13.5% YoY to AED49.4m, with a constant currency basis as of Q4 33.6%, driven by
Slide 9: Revenue highlights
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS Revenue highlights MANAGEMENT COMMENTS TOTAL REVENUE (AEDM) TILES REVENUE (AEDM) Q4 Total revenue in decreased by 2,574.5 2,728.5 -3.9% (-2.9% on constant currency 1,661.8 1,843.9 basis) YoY. Q4 Tiles revenue decreased by -10.5% YoY due to lower volumes i
Slide 10: Q4 Tiles and SW revenues by end market
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS Q4 Tiles and SW revenues by end market TILES SANITARYWARE Q4 19 Q3 19 Q4 18 Q4 19 Q3 19 Q4 18 Amount in AED M Amount Amount Growth Amount Growth Amount Amount Growth Amount Growth United Arab Emirates 163.7 146.0 12.1% 171.2 -4.4% 43.3 36.5 18.5% 45.3 -4.
Slide 11: Gross profit margins
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS Gross profit margins TOTAL GROSS MARGINS (%) TILES GROSS MARGINS (%) MANAGEMENT COMMENTS Q4 Total gross margin increased by 33.6 33.3 33.2 31.9 32.0 31.2 +170bps YoY to 33.6%. 30.3 29.6 27.6 27.2 Q4 Tiles margin increased by +370bps YoY to 31.2% driven by
Slide 12: Financial highlights
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS Financial highlights QUARTERLY COMPARISON YEARLY COMPARISON YEARLY COMPARISON Q4 19 Q3 19 Q4 18 2019 2018 Amount in AED M Amount Amount Growth Amount Growth Amount Amount Growth Revenue 685.3 624.2 9.8% 713.1 -3.9% 2,574.5 2,728.5 -5.6% Gross margin (%) 3
Slide 13: Operating cycle
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS Operating cycle MANAGEMENT COMMENTS OPERATING CYCLE (AED M) OPERATING CYCLE (LTM DAYS) Inventory days reduced from 261 days to 258 days QoQ and in absolute terms it is decreased by AED37m. 1,739 1,748 1,697 310 309 Trade receivable days increased 282 from
Slide 14: 2020 Priorities
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS 2020 Priorities Protecting the UAE, Growing in Saudi Arabia Bangladesh markets, Turnaround Europe and by rolling out the UAE Tableware Indian operations model and faucets Increase retail footprint Diversify and improve Keep investing on by opening new pro
Slide 15: Contacts
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS Contacts INVESTOR RELATIONS If you have any questions or require further information, please do not hesitate to contact our investor relations department. Investor Relations RAK Ceramics Al Jazeera Al Hamra PO Box 4714 Ras Al Khaimah United Arab Emirates
Slide 16: EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS RAK Ceramics PJSC © 2020. All
EARNINGS PRESENTATION - 2019 FY & Q4 RESULTS RAK Ceramics PJSC © 2020. All rights reserved 16