Agility Public Warehousing Co. K.S.C. · KSE:MKHZN
Agility Public Warehousing Co. K.S.C — Agility Public Warehousing Company K.S.C.P. — FY2022 Earnings Presentation
16 slides from Agility Public Warehousing Co. K.S.C's earnings presentation, April 2023
Slide 1: Agility Earnings Call Presentation Full Year 2022
Agility Earnings Call Presentation Full Year 2022 April 2023
Slide 2: Forward-Looking Statements Disclaimer
Forward-Looking Statements Disclaimer This presentation is strictly confidential and is being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose. This presentation has been prep
Slide 3: Agenda
Agenda 1 FY 2022 Business Update 2 Group Financial Performance 3 Q&A 3
Slide 4: FY 2022 Business Update
FY 2022 Business Update Focused on value investing for the long-term and executing on our growth strategy despite the challenges Key Events Completed 2 major acquisitions : Refinancing Program: • The acquisition of John Menzies in August for an equity value of £571 • Agility has raised ~$3 billion o
Slide 5: A strong portfolio of controlled businesses and minority investments
A strong portfolio of controlled businesses and minority investments Controlled Businesses Investments Listed Non-Listed Others Mln KD 2019* 2020* 2021* 2022 Quoted Investments Unquoted Investments Total Gross Revenue 455 398 486 863 EBITDA 135 93 124 195 Value KD 1.0 Bln KD 386 Mln KD 1.4 Bln EBITD
Slide 6: Group Financial Performance
Group Financial Performance Financial Highlights FY 2022 6
Slide 7: Agility Income Statement – FY 2022 (KD Mln)
Agility Income Statement – FY 2022 (KD Mln) Solid performance and growth across all businesses Revenue Net Revenue John Menzies+HG Storage John Menzies+HG Storage +77.6% +88.3% 863.4 473.3 274.3 185.2 486.2 251.4 +21.2% +14.6% 589.1 288.2 FY 2021 FY 2022 FY 2021 FY 2022 EBITDA Net Profit John Menzie
Slide 8: Agility Reported Income Statement - YTD
Agility Reported Income Statement - YTD EBITDA reflects mostly the controlled businesses segment performance, and the investment segment is mainly accounted for as per IFRS9 Controlled Investments Consolidated KD Mln FY 2022 FY 2021 % FY 2022 FY 2021 % FY 2022 FY 2021 % Revenue 863.4 486.2 77.6% - -
Slide 9: Balance Sheet (KD Mln)
Balance Sheet (KD Mln) Strong Asset and Equity base to support our future growth plan Balance sheet Dec 2022 Dec 2021 Variance % Assets Assets Equity&Liabilities Current Assets Current Liabilities 14.7% 15.8% Current assets 492.7 274.8 217.9 79.3% Investments Financial Assets at fair value Non-Curre
Slide 10: Debt Profile (KD Mln)
Debt Profile (KD Mln) Refinanced and increased credit facilities with medium to long term maturities Corporate Gross Debt Profile Group Net Debt Bridge (80% of Group Debt) +476 801 EUR USD 49 Currency 57 34.1% 65.9% 745 93 Non-Controlled 324 378 100 Maturity 43.8% 28.2% 28.0% 745 2025 2027 2028 Q4 2
Slide 11: Cash Flow Statement for Continuing Operations (In KD Millions)
Cash Flow Statement for Continuing Operations (In KD Millions) Agility has a healthy cash flow generation and will continue to reinvest in its businesses Cash Flow Statement Dec 2022 Dec 2021 Variance % Capex and Investment Allocation Cash from Operating activities before 166.2 112.5 53.7 47.7% chan
Slide 12: Agility's Operating entities delivering healthy growth YTD 2022
Agility’s Operating entities delivering healthy growth YTD 2022 Aviation Services Fuel Logistics Other Controlled Businesses +417% +169% +60% +39% +14% +42% revenue growth Vs last year EBITDA growth Vs last year revenue growth Vs last year EBITDA growth Vs last year revenue growth Vs last year EBITD
Slide 13: Dividends (KD Million)
Dividends (KD Million) Agility has a balanced distribution strategy and continues to focus on driving shareholders’ return Cash Dividends* (KD mln) Agility has paid KD 110 Million in dividends over the last 5 years 42 2017 2018 2019 2020 2021 Cash 15 fils 15 fils 5 fils 10 fils 20 fils Dividends 22
Slide 14: Agility has created $6 billion in value for shareholders over the last decade
Agility has created $6 billion in value for shareholders over the last decade Value for shareholders has increased 5x since 2011 with a 20% IRR Value creation since 2011 is KWD 1.8 billion Value Growth -KD 1,539 Mln (84%) Dividends* - KD 302 Mln (16%) 756 +55% 42 -181 2,228 -139 737 -7% 234 19% 179
Slide 15: Funded collar on DSV shares
Funded collar on DSV shares • Agility maintains every expectation of DSV’s continued success, Value of hedged stake in DSV and its management ability to drive growth and value. Partial upside retention (value of the hedged stake is capped above a certain share • Given continued market uncertainty an
Slide 16: Q&A Session
Q&A Session 16
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