Meeza Qstp Llc · QSE:MEZA
Meeza Qstp — Q1 2024 Earnings Presentation
17 slides from Meeza Qstp's earnings presentation, May 6, 2024
Slide 1: Q1 2024 Earnings Call
Q1 2024 Earnings Call 6 May 2024 Msheireb Downtown Doha 3rd Floor, Building No. 2, Street 981, Zone 3 Tel: +974 4004 0044 Email: investors@meeza.net P.O. Box 892, Doha Qatar Fax: +974 4004 0004
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by MEEZA QSTP LLC (Public) (the Company) for informational purposes only. Neither this presentation, nor any part of it, may be relied on in connection with, or act as an inducement to, or otherwise as the basis for entering into any contract or commitm
Slide 3: Operations Overview
Operations Overview Mohsin Al Marri Acting Chief Executive Officer 3
Slide 4: Operational Highlights
Operational Highlights Financials Commercials Stakeholder Engagement • Revenue growth in higher • QR 1.2b in committed contract • "Best ICT Service Provider of margin segments – Data value, Net Pipeline of QR 1.3b the Year" 2023 (MCIT) Centers, Managed Services and Cloud • 1 MW in MV-4 is Ready for
Slide 5: Commercial Overview
Operations Commercial Overview Dr. Fadi Nasser Chief Commercial Officer 5
Slide 6: Data Center Market Overview
Data Center Market Overview Qatar’s DC capacity is expected to reach more than 100 MW by 2030 DC MW demand in Qatar – BEFORE AI (MW, 2022-2026) +13% 80 71 63 55 49 61 53 46 40 34 “Qatar aims to double its 15 16 17 18 19 national cloud data center 2022 2023 2024 2025 2026 capacity” by 2030 KPOs Hyper
Slide 7: MEEZA's Data Center Expansion Plan
MEEZA’s Data Center Expansion Plan MEEZA will invest in adding two data centers to maintain its ~50% of market share Utilization Trend 2018 - 2024 MEEZA expects to fill the remaining 1 MW in Q2 2024. 13% 18% 15% 31% MEEZA has set the locations and is currently finalizing 35% 48% the design to delive
Slide 8: Financial Results
Operations Financial Results James Corby Chief Financial Officer 8
Slide 9: YTD FY24 Financial Performance | Q1 FY24 v Q1 FY23
YTD FY24 Financial Performance | Q1 FY24 v Q1 FY23 Year on Year | QRm (rounded to nearest QR 100k) 1) Revenue Expenses EBITDA Net Profit 10.1% 13.4% 2.2% 7.1% 93.6 3.0 2.3 84.2 4.0 1.8 23.0 7.4 65.7 3.7 3.5 56.9 9.9 27.9 27.3 30.2 11.3 28.7 11.7 10.9 55.8 45.6 33.2 37.0 Q1 2023 Q1 2024 Q1 2023 Q1 20
Slide 10: YTD FY24 Financial Performance | Q1 Trend
YTD FY24 Financial Performance | Q1 Trend Year on Year | QRm (rounded to nearest QR 100k) Revenue Net Profit CAGR 5.1% 93.6 CAGR 83.0 3.02.3 84.2 38.9% 69.4 2.73.3 4.01.8 11.7 68.9 23.0 7.4 10.9 16.5 3.7 4.8 1.83.2 3.5 8.3 14.0 6.0 13.0 30.2 6.6 5.8 19.4 28.7 5.2 19.7 18.4 3.1 35.2 33.2 37.0 23.0 26
Slide 11: YTD FY24 Gross Margin Analysis | Q1 FY24 v Q1 FY23
YTD FY24 Gross Margin Analysis | Q1 FY24 v Q1 FY23 Year on Year | QRm (rounded to nearest QR 100k) Managed, Cloud & Total Data Center Workplace Solutions & MSI 40.0 35.00% 40.0 35.00% 40.0 35.00% 36.9% 40.0 40.00% 31.0% 30.1% 35.0 35.0 33.1% 35.00% 35.0 35.0 30.00% 27.5% 30.00% 30.00% 26.3% 30.0 30.
Slide 12: YTD FY24 Financial Performance | Q1 Efficiencies & Margins
YTD FY24 Financial Performance | Q1 Efficiencies & Margins Year on Year 34.2% • EBITDA margin excluding NaaS increasing by EBITDA 31.9% 32.4% 8.4pp since FY20 driven by revenue mix and cost 29.8% Margin 26.9% 32.4% optimization 28.6% 29.6% 24.0% 23.8% - EBITDA margin - EBITDA margin excluding NaaS Q
Slide 13: YTD FY24 Financial Performance | Q1 Cash Flow from Operations
YTD FY24 Financial Performance | Q1 Cash Flow from Operations QRm Cash generated from Operations * (Net Debt) / Net Cash * Cash generated from operations as per statement of cash flows net off lease payments 205.7 65.0 115.0 18.0 87.3 6.6 55.0 23.9 (24.9) (22.4) Dec 20 Dec 21 Dec 22 Dec 23 Mar 24 Q1
Slide 14: Q&A
Q&A 14
Slide 15: Appendix
Appendix 15
Slide 16: Q1 FY24 | Statutory results
Mar 31, 2024 Dec 31, 2023 QR 000's (unless otherwise stated) Variance (Unaudited) (Audited) Q1 FY24 | Statutory results ASSETS Non-current assets Consolidated Statement of Income & Statement of Financial Position Property, plant and equipment 471,013 475,280 (4,267) Right-of-use assets 140,476 143,2
Slide 17: Thank You
Thank You MEEZA Investor Relations Qatar Science & Technology Park Tel: +974 4004 0044 Tech 2, Office # 203, 2nd Floor Email: investors@meeza.net Fax: +974 4004 0004 P.O. Box 892, Doha Qatar