Miahona Co. · TADAWUL:2084
Miahona — Q1 2025 Earnings Presentation
14 slides from Miahona's earnings presentation, May 15, 2025
Slide 1: Miahona's Earnings Call Q1 2025
Miahona’s Earnings Call Q1 2025 May 15, 2025
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by representatives of Miahona Company (the “Company” and, together with its subsidiaries, the “Group”). No reliance may be placed for any purpose whatsoever on the information or opinions contained in this document or any other document or oral statement or
Slide 3: Today's Speakers and Agenda
Today’s Speakers and Agenda 01 | Business Review 02 | Financial Review 03 | Q&A AWAADH AL OTAIBI REHAN MASOOD Chief Executive Officer Chief Financial Officer 3
Slide 4: Business Review
BUSINESS REVIEW AWAADH AL OTAIBI Chief Executive Officer
Slide 5: Building Success Through Operational Excellence
Miahona | Building Success Through Operational Excellence PROVEN DEVELOPMENT AND OPERATIONAL TRACK RECORD STRONG NATIONWIDE PRESENCE m3/day 8 c. 8 mn 11 Projects +1 mn | +100 k Cities Population served Concession (6) | O&M (5) Wastewater | Water Daily Capacity INDUSTRIAL CLIENTS 06 Concessions < 10%
Slide 6: Key Pillars Underpinning Miahona's Operational Excellence
Key Pillars Underpinning Miahona’s Operational Excellence ESTABLISHED INNOVATIVE RELIABLE EFFICIENT INTERNATIONAL EXPERTISE SOLUTIONS SYSTEMS PROCESSES BEST PRACTICES ✓ Dedicated in-house experts ✓ Optimal tailored and ✓ Superior control and ✓ Integrated model that ✓ Top-tier, internationally includ
Slide 7: Concessions | Driving Sustainable Growth
Concessions | Driving Sustainable Growth UNDER REHABILITATION UNDER CONSTRUCTION UNDER CONSTRUCTION UNDER COMMERCIAL CLOSE Project Milestones LTOM Makkah (ROT) –– Hada & Arana HADDA & ARANA RAS TANURA AL HAER JEDDAH • Under operations, bringing revenue. (Western Region) (Eastern Region) (Central Reg
Slide 8: Financial Review
FINANCIAL REVIEW REHAN MASOOD Chief Financial Officer
Slide 9: Q1 2025 results summary
Key Pillars Underpinning Miahona’s Operational Excellence mn Q1 2025 Q1 2024 % YoY REVENUE 175.2 81.6 +114.7% EBITDA 90.2 42.1 +114.0% Margin 51.5% 51.6% - 0.1 pp. NET INCOME 61.8 19.9 +210.6% Margin 35.3% 24.4% + 10.9 pp. 9 - Saudi Riyal Symbol
Slide 10: Driving Growth, Delivering Results
Driving Growth, Delivering Results Total Group Revenue ( 175.2 mn) mn, % +114.7% Strong Revenue Growth | Increase in development revenue is due to achieving the financial close of a project. 52.3 | Increase in construction revenue is due to 2.3 the development activities in one project. 59.3 | Incre
Slide 11: Building Value, Strengthening EBITDA
Building Value, Strengthening EBITDA. EBITDA Evolution and Margin mn, % 114.0% Robust EBITDA growth 90.1 Development income from achieving a 42.1 financial close of a new project 2024 2025 Non-Operational Costs Breakdown mn Q1 2025 Q1 2024 Net Income 61.8 19.9 Depreciation & Amortization 14.2 12.0 F
Slide 12: Solid Growth, Profitable Outcomes
Solid Growth, Profitable Outcomes. Net Income Bridge mn, % Robust Performance– NI Growth 210.6% 210.6% | Increase in revenue pertains to 93.6 development income from new project and accelerated construction progress compared to Q1 2024 . 4.9 1.1 | The increase in the cost of sales is mainly 61.8 -52
Slide 13: Fueling Future Growth
Fueling Future Growth Cash Flow Generation – Strong EBITDA/FCF conversion Building on Strong Cash Flow EBITDA/FCF Conversion 101% 80% | Increase in cash flow from operations is Q1 2025 Q1 2024 primarily due management succeed to mn improve collection efficiency. Cash flow from Operations 78.4 48.3 |
Slide 14: Questions & Answers
Questions & Answers