Riyadh Cables Group Co. · TADAWUL:4142
Riyadh Cables — Q1 2026 Earnings Presentation
25 slides from Riyadh Cables's earnings presentation, May 2026
Slide 1: Earnings Presentation Q1-26
RIYADH CABLES GROUP Earnings Presentation Q1-26 Borjan Sehovac Baha Essa Mouaaz Alyounes Chief Executive Officer Chief Financial Officer Chief Strategy Officer
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Riyadh Cables Group Company (“RCG”) to give a fair view about the company and its operational and financial performance. It reflects management’s expectations and strategy relating to future events which may be subject to unknown factors and unforese
Slide 3: In Today's Meeting
In Today’s Meeting 01 Welcome Remarks 02 Company Overview 03 Q1-26 Performance Highlights 04 Financial Review 05 Reflection on Current Situation 06 2026 Outlook
Slide 4: Company Overview
Company Overview
Slide 5: Cables are the backbone of the economy, touching every segment
Cables are the backbone of the economy, touching every segment Generation Transmission Distribution End Users Legend Power Data Solar Fossil Onshore Internet ISPs Wind exchange Residencial Datacenters Offshore Wind Industrial Power Transmission Distribution Usages Generation Commercial Nuclear Infra
Slide 6: Q1-26 Performance Highlights
Q1-26 Performance Highlights
Slide 7: Q1-26 Financial and Operational Performance Snapshot
Q1-26 Financial and Operational Performance Snapshot Percentage changes refer to YoY change SARm 2,768 Kt 68 % 94% Revenue Sales Volume Utilization Rate +16% + 11.2% + 4.2% +6% +12% 68 6.330 6.328 143 65 139 60 0,0% +4% +3% 115 4.667 SAR 6,328 SARm 353 SARm 282 Gross Profit Per Ton EBITDA Net Profit
Slide 8: Q1-26 Key Performance Drivers
Q1-26 Key Performance Drivers Percentage changes refer to YoY change S a l e s Vol ume 4 % in cre a se in sa le s vo lu m e , so lid p e rf o rm a n ce e ve n wit h u n ce rt a in ge o p o lit ica l sit u a t io n , in a d d it io n t o E id h o lid a y se a so n a lit y. Re ve nue G o o d d e m a n
Slide 9: Financial Review
Financial Review
Slide 10: Q1-26 Financial and Operational Performance
Q1-26 Financial and Operational Performance +1.1% Volumes & Revenues 2,768 2,738 +11% • Q1-26 High Revenues above 2.7bnSAR, volume growth continues 2,768 2,489 compared to previous year. 67 68 Revenue (SARm) • Q1-26 Revenues and Volumes characterized by solid market +1% 65 68 demand. Volume (kt) +4%
Slide 11: Backlog, Revenue, and Capacity utilization
Backlog, Revenue, and Capacity utilization +11% +7% SAR 5.5 billion Strong backlog in Q1-26, 2,768 5,545 utilization rate to 94% Confirmed Orders 2,489 5,167 Backlog Average Capacity Utilization (%) 100% 2021 67% 33% • Backlog on the 5.5 bn SAR ( 143kT). 2022 90% 10% • Capacity reserved mostly for 2
Slide 12: Gross profit and EBITDA show healthy improvement on better mix and cost optimization
Gross profit and EBITDA show healthy improvement on better mix and successful variable / fixed cost optimization Gross Profit (SARm) Gross Profit 431 427 431 417 • Q1-26 gross profit increased compared to previous year and +3% +1% previous quarter, as a result of increased volumes, product mix and e
Slide 13: Resilient Profitability and Dividend Growth Despite Temporary FCF Pressure
Resilient Profitability and Dividend Growth Despite Temporary FCF Pressure Free Cash Flow • FCF moved from SAR 55 million in Q1-25 to a slight outflow 46 26 10 1 0 311 62 of SAR 19 million in Q1-26, mainly due to temporary working -7 -30 -51 capital expansion. 790 -141 • The pressure was driven by h
Slide 14: Hedging and pricing mechanisms neutralize commodity price fluctuations
Hedging and pricing mechanisms neutralize commodity price fluctuations, granting stability to gross profit per ton 6,330 6,328 Gross Profit per ton (SAR/ton) 4,667 3,126 3,711 5,494 5,362 Main drivers: 3,705 3,494 • Operational Efficiencies due to high Utilization 2,413 7,089 7,238 3,946 5,524 • Sol
Slide 15: Reflection On Current Regional Situation
Reflection On Current Regional Situation
Slide 16: Reflection on Current Regional Situation
Reflection on Current Regional Situation Market, Clients & Proactive Risk Monitoring & Current Business Company Mitigation Operations Solid Saudi Market Demand Active Monitoring of Operations Continue Regional Developments Within Expected Levels Stable Utility & Infrastructure Activity Proactive Sup
Slide 17: 2026 Outlook
a oO oO > 5 O Oo N ro) N
Slide 18: 2026 Management Outlook
2026 Management Outlook, assuming no material escalation or disruption beyond current regional market conditions Backlog 2026 TARGETS & GUIDANCE Macro trends Expected CAPEX Net Profit SAR ~250 million Up to 10% increase [Insert target] [Insert target] Product portfolio DIVIDENDS Capacity Management
Slide 19: Q&A
Q&A 19
Slide 20: Thank you
Thank you
Slide 21: Appendix
Appendix
Slide 22: Summarized income statement (SARm)
Summarized income statement (SARm) Q1-25 Q1-26 Var. Var. % Revenue* 2,489 2,768 279 11.2% Direct costs* -2,062 -2,337 -275 13.3% Gross profit 427 431 4 0.9% Operating expenses -134 -103 31 -22.9% Operating profit 293 327 34 11.7% Finance charges -18 -16 1 -7.0% Other income / expenses & Zakat -20 -2
Slide 23: Condensed balance sheet (SARm)
Condensed balance sheet (SARm) FY-25 Q1-26 Fixed Assets 1,553 1,578 Investments 42 42 Other Long Term Assets 155 159 Current Assets 5,531 6,708 Total Assets 7,282 8,488 Borrowings 610 696 Long Term Liabilities 144 150 Current Liabilities (excl. borrowings) 3,218 4,060 Total Liabilities 3,973 4,905 E
Slide 24: Condensed cash flow statement (SARm)
Condensed cash flow statement (SARm) Q1-25 Q1-26 Var. Var. % Operating cash flow before working capital 419 421 1 0.3% Net working capital movement -321 -359 -38 11.9% Cash generated from operating activities 98 61 -37 -37.7% Finance charges, Zakat & income tax, EOSB 4 1 -4 -87.5% Net cash flow from
Slide 25: Riyadh Cables Group
Riyadh Cables Group 25