Aamal Company Q.s.c. · QSE:AHCS
Aamal Company Q.s.c — Aamal Company Q.P.S.C. — 9M 2023 Earnings Presentation
17 slides from Aamal Company Q.s.c's earnings presentation, Oct 24, 2023
Slide 1: Solid results with year-on-year revenue and profit growth
Solid results with year-on-year revenue and profit growth Presentation of financial results for the nine months ended 30 September 2023 24th October 2023
Slide 2: Contents
❑ 9M 2023 Highlights ❑ Financial Summary ❑ Segmental Review Contents ❑ Summary and Outlook ❑ Appendix ▪ Group Results – Revenue and Net Profit by Segment ▪ Aamal’s Investment Case "Strength Through Diversity" 1
Slide 3: Q3 2023 Highlights
Q3 2023 HIGHLIGHTS ❑ A good performance with revenue and total net profit up 2.4% and 1.6% year-on-year, respectively, despite some operating challenges ❖ Trading and Distribution, Property, and Managed Services segments all performed strongly ❖ Industrial Manufacturing impacted y-o-y by the slowdow
Slide 4: Contents
❑ 9M 2023 Highlights ❑ Financial Summary ❑ Segmental Review Contents ❑ Summary and Outlook ❑ Appendix ▪ Group Results – Revenue and Net Profit by Segment ▪ Aamal’s Investment Case "Strength Through Diversity" 3
Slide 5: Financial Summary
FINANCIAL SUMMARY QARm 9M 2023 9M 2022 % change ▪ Performance driven by: ▪ Strong performance of Trading and Distribution; Revenue 1,549.4 1,513.0 2.4% revenue up 17%, with Ebn Sina Medical maintaining its market-leading position Gross profit 359.8 358.7 0.3% ▪ Rental increases and improved occupanc
Slide 6: Contents
❑ 9M 2023 Highlights ❑ Financial Summary ❑ Segmental Review Contents ❑ Summary and Outlook ❑ Appendix ▪ Group Results – Revenue and Net Profit by Segment ▪ Aamal’s Investment Case "Strength Through Diversity" 5
Slide 7: Industrial Manufacturing
INDUSTRIAL MANUFACTURING QARm 9M 2023 9M 2022 % change Revenue 323.7 420.4 (23.0%) Net profit - fully consolidated activities (5.9) 18.9 (131.2%) Net underlying profit margin % (1.8%) 4.5% (6.3ppts) Share of net profit of associates and joint ventures accounted for using the equity method 35.7 43.2
Slide 8: Trading and Distribution
TRADING AND DISTRIBUTION QARm 9M 2023 9M 2022 % change Revenue 970.9 830.1 17.0% Net profit 90.1 74.8 20.4% Net profit margin % 9.3% 9.0% 0.3ppts Note: there may be slight differences due to rounding. ▪ Positive revenue and profit performance driven by the sustained strong performance of Ebn Sina Me
Slide 9: Property
PROPERTY QARm 9M 2023 9M 2022 % change Revenue 233.6 222.1 5.2% Net profit - fully consolidated activities 179.0 176.1 1.7% Net underlying profit margin % 76.6% 79.3% (2.7ppts) Share of net profit of associates and joint ventures accounted for using the equity method 4.1 3.9 4.9% Total net profit 18
Slide 10: Managed Services
MANAGED SERVICES QARm 9M 2023 9M 2022 % change Revenue 63.3 79.4 (20.3%) Net profit - fully consolidated activities 7.7 5.1 51.7% Net underlying profit margin % 12.1% 6.4% 5.8ppts Share of net profit of associates and joint ventures accounted for using the equity method 1.8 2.7 (31.9%) Total net pro
Slide 11: Contents
❑ 9M 2023 Highlights ❑ Financial Summary ❑ Segmental Review Contents ❑ Summary and Outlook ❑ Appendix ▪ Group Results – Revenue and Net Profit by Segment ▪ Aamal’s Investment Case "Strength Through Diversity" 10
Slide 12: Summary and Outlook
SUMMARY AND OUTLOOK ❑ Good performance despite post-FIFA World Cup demand normalization and operating challenges ❑ Subsidiary companies remain partners of choice across several markets and economic sectors ❑ Examining multiple promising opportunities due to diverse business platform ❑ Strong momentu
Slide 13: Any Further Questions?
ANY FURTHER QUESTIONS? AAMAL COMPANY MOHAMMED ARIF QURESHI Group Accounts Manager E: mohammad.arif@aamal.qa ZAID SHELLEH Investor Relations Manager E: zaid.shelleh@aamal.com.qa T: +974 4422 3888 www.aamal.qa FINANCIAL PR/IR ADVISORS LAURA BANKS Investor Relations E: Laura.Banks@citigatedewerogerson.
Slide 14: Contents
❑ 9M 2023 Highlights ❑ Financial Summary ❑ Segmental Review Contents ❑ Corporate Governance Update ❑ Summary and Outlook ❑ Appendix ▪ Group Results – Revenue and Net Profit by Segment ▪ Aamal’s Investment Case "Strength Through Diversity" 13
Slide 15: Group Results (by Segment)
GROUP RESULTS (BY SEGMENT) REVENUE QARm 9M 2023 9M 2022 Change % Industrial Manufacturing 323.7 420.4 (23.0%) Trading and Distribution 970.9 830.1 17.0% Property 233.6 222.1 5.2% Managed Services 63.3 79.4 (20.3%) less: inter-divisional revenue (42.1) (38.9) (8.3%) Total 1,549.4 1,513.0 2.4% NET PRO
Slide 16: Delivering on Our Investment Case
DELIVERING ON OUR INVESTMENT CASE One of the largest, most diversified companies in Qatar offering investors high quality and balanced exposure to Qatar’s economic growth and development Strength through diversity Operating in an attractive, growing market ▪ Diversified (across 29 active business un
Slide 17: Shukran
Shukran "Strength Through Diversity" 16
Aamal Company Q.P.S.C. — 9M 2023 Earnings Presentation on 6ix