Asbisc Enterprises Plc · GPW:ASB
Asbisc Enterprises — Q1 2025 Earnings Presentation
25 slides from Asbisc Enterprises's earnings presentation, May 8, 2025
Slide 1: Q1 2025 Presentation
Q1 2025 Presentation THE HIGHEST REVENUES AND DIVIDEND 08 MAY 2025
Slide 2: Disclaimer
2 Disclaimer • This presentation (the “Presentation”) was prepared by ASBISc Enterprises Plc (the “Company”) with a due care. Still, it may contain certain inconsistencies or omissions. The Presentation does not contain a complete or thorough financial analysis of the Company and does not present it
Slide 3: Agenda
Agenda 01. 02. 03. 04. KEY FINANCIAL DIVIDEND BACK-UP CORPORATE RESULTS PAYMENT EVENTS
Slide 4: Key corporate events
4 Key corporate events Breezy entered New B&O store in Final dividend African market Georgia approval Breezy - Trade-In ASBIS has opened a new The Annual General business has begun Bang & Olufsen mono- Meeting of Shareholders operations in South brand store in Tbilisi, decided to pay out a final Afr
Slide 5: Monthly estimated revenues
Monthly estimated revenues MONTHLY REVENUES (US$ m) -6% YoY sales decline in +3% YoY January 2025 due to a high comparison base and ongoing 450.0 challenges in 400.0 Kazakhstan and 350.0 Ukraine. 300.0 250.0 5% 9% 200.0 150.0 100.0 YoY sales growth in YoY sales growth in February 2025 – we March 202
Slide 6: Agenda
Agenda 01. 02. 03. 04. KEY FINANCIAL DIVIDEND BACK-UP CORPORATE RESULTS PAYMENT EVENTS
Slide 7: Financial Highlights
7 Financial Highlights REVENUES GROSS PROFIT 3.3% YoY $52 M $736 M Satisfactory quarter GROSS PROFIT MARGIN NET INCOME > Q1 2025 $7.3 M 7.00%
Slide 8: EBIT and net income negatively impacted by difficult market conditions
8 EBIT AND NET INCOME negatively impacted by extremely difficult market condictions EBIT (US$ M) NET INCOME (US$ M) -33% 24.6 35.5 22.2 34.7 28.7 27.8 17.4 24.4 21.3 14.0 19.0 16.4 11.2 15.3 9.5 6.1 7.3 2.1 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q1 2023 Q2 2023 Q3 20
Slide 9: Exceptional growth in South Africa
9 KEY COUNTRIES’ REVENUES (US$ m) 180 164 160 140 120 123 Exceptional 100 86 89 81 growth in 80 60 67 60 48 45 South Africa 40 40 29 32 28 27 28 27 26 20 7 22 16 Q1 2025 VS Q1 2024 0 United Arab Kazakhstan Ukraine Slovakia Germany Poland Czech Republic Azerbaijan South Africa Romania Emirates Revenu
Slide 10: Q1 2025 strong presence in almost all regions of our operation
10 REVENUES BY REGIONS (USD m) Q1 2025 strong presence in almost all regions of our operation • Decline in the CIS region – affected by intensification of the grey market Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 in Kazakhstan and intensification of CIS CEE MEA WE Other
Slide 11: Q1 2025 servers and server blocks - absolute leader in growth
11 REVENUES BY PRODUCT LINES (US$ m) Q1 2025 servers and server blocks - absolute leader in growth • Decreased smartphone business, following a significant drop in Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Kazakhstan. Smartphones CPUs HDDs Laptops SSD Other • Servers an
Slide 12: The best ever Q1 in terms of revenues
12 The best ever Q1 in terms of revenues REVENUES (US$ M) GROSS PROFIT MARGIN (%) 3% 893 927 772 736 8.60% 722 713 723 674 646 8.04% 7.99% 8.33% 8.28% 7.97% 8.02% 7.64% 7.00% Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 20
Slide 13: SG&A costs
13 SG&A costs NUMBER OF EMPLOYEES SG&A COSTS 2 787 2 822 2 803 2 779 2 719 45.0 6.0% 2 673 4.4% 5.6% 2 522 2 627 4.9% 4.4% 2 485 40.0 4.6% 4.9% 5.0% 4.8% 5.0% 35.0 4.2% 30.0 34.6 36.1 36.2 35.2 4.0% 38.8 25.0 39.7 33.9 3.0% 20.0 33.4 32.8 15.0 2.0% 10.0 1.0% 5.0 0.0 0.0% Q1 2023 Q2 2023 Q3 2023 Q4 2
Slide 14: Satisfactory Q1 2025 results
14 Satisfactory Q1 2025 results US$ m Q1‘25 Q1‘24 YoY Highest ever Revenue 736.4 713.2 3% revenues for Q1. Gross profit 51.6 59.1 -13% Gross profit margin 7.00% 8.28% -1.28 ppt Lower financial costs. SG&A costs -35.2 -34.6 2% Profit from operations 16.4 24.4 -33% Operating margin 2.22% 3.43% -1.21 p
Slide 15: Cash engaged in working capital
15 NET WORKING CAPITAL (US$ m) NWC: 64% of sales NWC: 63% of sales Cash engaged in 496 356 470 341 working capital Q1'25 Q1'24 -382 -359 Inventories Trade receivables Trade payables • Increased utilization of financial facilities. US$ m 3M 2025 3M 2024 • ”Cash from operating activities” is negative,
Slide 16: Indebtedness at safe level
16 Indebtedness at safe level US$ m Q1‘25 Q1‘24 YoY Short term borrowings (excl. leases and factoring) 171.3 143.9 19% Long term borrowings (excl. leases) 11.2 14.2 -21% Other long-term liabilities 1.0 1.0 -1% The weighted Cash and cash equivalents 97.7 114.0 -14% High cash position average cost of
Slide 17: Agenda
Agenda 01. 02. 03. 04. KEY FINANCIAL DIVIDEND BACK-UP CORPORATE RESULTS PAYMENT EVENTS
Slide 18: Hefty dividend payments to be continued
18 Hefty dividend payments to be continued DIVIDENDS PER SHARE (USD) 27.8 27.8 25 The Company 16.7 aims to continue 16.7 the payment of hefty dividends. 5.6 7.5 11.1 11.1 11.1 11.1 5.6 3.3 2.8 3.3 from 2017 NI from 2018 NI from 2019 NI from 2020 NI from 2021 NI from 2022 NI from 2023 NI from 2024 NI
Slide 19: Q&A
Q&A
Slide 20: Agenda
Agenda 01. 02. 03. 04. KEY FINANCIAL DIVIDEND BACK-UP CORPORATE RESULTS PAYMENT EVENTS
Slide 21: Premium Retail Business
21 Premium Retail Business 33 33 iSpace stores in 7 countries 7 Ukraine 10 Kazakhstan Moldova 2 1 6 Georgia 6 6 Bang & Olufsen stores in 3 countries Armenia 3 4 Azerbaijan 1 Uzbekistan 3 Cyprus iSpace is a network of premium retail stores and Apple’s official partner with Apple Premium Partner statu
Slide 22: ASBIS own brands
22 ASBIS own brands Prestigio Solutions Canyon is a Prestigio is an specializes in the dynamically growing international brand that Lorgar is a brand of has been offering a AENO is a young production and delivery brand of high-quality gaming devices aimed wide range of dynamic brand of smart of inno
Slide 23: Sustainable solutions for electronics
23 Sustainable solutions for electronics Breezy in • Breezy entered a new market in numbers South Africa. The company decided to use a franchise model. • Breezy launched a Trade-in online service in Ukraine (COMFY). 8 200+ • Breezy launched of Breezy retail in Georgia (breezy.ge). Countries Employee
Slide 24: Shareholder structure
24 Shareholder structure Affiliation to indexes: Changes in the number of shares possessed by major shareholders On April 14th, 2025, the Company received a notification from the Zbigniew Juroszek Foundation Family Foundation (“Foundation”) KS Holdings Ltd* Zbigniew Juroszek ** Free-float informing
Slide 25: Thank you
Thank you CONTACT FOR INVESTORS: Constantinos Tziamalis Bartosz Basa Deputy CEO IR Manager +357 25857188 +48 691 910 760 costas@asbis.com b.basa@asbis.com CONTACT FOR MEDIA: Iwona Mojsiuszko Managing Director of 8Sense PR +48 502 344 992 iwona.mojsiuszko@8sensepr.pl