Mannai Corporation Q.p.s.c. · QSE:MCCS

Mannai Corporation Q.p.s.c — Q1 2021 Earnings Presentation

11 slides from Mannai Corporation Q.p.s.c's earnings presentation, Apr 1, 2021

  1. Slide 1: Mannai Corporation QPSC Q1'21 Financial Summary

    Mannai Corporation QPSC Q1'21 Financial Summary

  2. Slide 2: Disclaimer

    Disclaimer Mannai Corporation Q.P.S.C. cautions investors that certain statements contained in this document state Mannai Corporation’s management's intentions, hopes, beliefs, expectations, or predictions of the future and, as such, are forward-looking statements. Mannai Corporation management wish

  3. Slide 3: Rebound in First Quarter Profits

    Rebound in First Quarter Profits QAR m Net Profit +54m • Q1’21 Profit of 33m, increase of 54m 33 over Q1’20 which was impacted by the initial COVID-19 lockdown • Information Technology profit of 29m, up 45%, an increase of 9m • Damas profit of 15m, an increase of 37m compared to the 22m loss in Q1’2

  4. Slide 4: Consolidated Financial Highlights

    Consolidated Financial Highlights QAR m Q1’21 Q1’20 Revenues 3,601 2,661 35% Gross Profit 743 584 27% General & Admin Expenses 374 299 25% Selling & Distribution Expenses 127 116 10% EBITDA 270 188 44% EBIT 150 92 63% Finance Cost 86 91 (6)% Net Profit 33 (21) fav. Capital Employed 9,441 9,179 3% Ea

  5. Slide 5: Strong Recovery in Quarter 1 Revenues

    Strong Recovery in Quarter 1 Revenues QAR m Revenues • Information Technology adds 853m or 40% as +35% markets rebounds from COVID-19, combined 3,601 with IECISA Acquisition. • Auto Group up 93m or 53% driven by new GMC 2,661 Yukon and Cadillac Escalade models • Damas Revenues down by 5m or -2% • Ot

  6. Slide 6: 2020 IECISA Acquisition Continues to Grow IT Segment's Share of Revenues

    2020 IECISA Acquisition Continues to Grow IT Segment’s Share of Revenues Revenue Mix Q1‘20 Q1‘21 Other 3% Auto Other Damas 7% Auto 4% 7% 7% Damas 10% IT 18% IT 82% 6

  7. Slide 7: Europe Continues to Deliver Two Thirds of Group Revenues

    Europe Continues to Deliver Two Thirds of Group Revenues Revenue Mix Q1‘20 Q1‘21 Other 0% Other 0% Qatar 28% Qatar 25% Other GCC Other GCC 7% Europe 62% Europe 67% 10% 7

  8. Slide 8: Gross Profits Up 27% Driven by Revenue Growth

    Gross Profits Up 27% Driven by Revenue Growth QAR m Gross Profit Gross Margin % 27% (0.8) pts 743 21.4% 584 20.6% Q1'20 Q1'21 FY'20 Q1'21 • Gross Profit growth of 27% driven by Information Technology growth of 148m, up 33%, driven by IECISA, which dilutes gross Q1‘21 V’FY20 margin by -0.5% pts Infor

  9. Slide 9: Net Debt Levels Increase of 305m

    Net Debt Levels Increase of 305m QAR m Net Debt Net Debt to Equity V‘FY20 6,587 6,845 7,150 +305 2.1x 2.2x 1.8x Q1'20 FY'20 Q1'21 Net Debt to EBITDA 9.0x Q1'20 FY'20 Q1'21 5.1x 5.1x • Q1’21 Net Debt level increase due to seasonality of working capital following year end efforts to minimise debt leve

  10. Slide 10: Consolidated Statement of Profit or Loss For the Period Ended 31 March 2021

    MANNAI CORPORATION Q.P.S.C CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the Period Ended 31 March 2021 31 Mar 31 Mar QAR ‘000s 2021 2020 Variance V% QR '000 QR '000 vs. Last Year Fav /(Unfav) Revenue 3,600,940 2,661,026 939,914 35% Direct costs (2,858,404) (2,076,791) (781,613) (38)% Gross profit 74

  11. Slide 11: Mannai Corporation QSC

    Mannai Corporation QSC Tel: +974-4455 8888 Fax: +974 4455 8880 www.mannai.com CONTACTS Investor Relations Ewan Cameron Chief Financial Officer Abayazeed Ahmed Investor Relations Officer email: investor.relations@mannai.com.qa Tel (Direct) : +974-44558844 11

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