Sustained Infrastructure Holding Company · TADAWUL:2190
Sustained Infrastructure — Sustainable Infrastructure Holding Company — Q2 2025 Earnings Presentation
28 slides from Sustained Infrastructure's earnings presentation, August 2025
Slide 1: Sustainable Infrastructure Holding Company Q2 2025 Earnings Presentation
SUSTAINABLE INFRASTRUCTURE HOLDING COMPANY Q2 2025 EARNINGS PRESENTATION
Slide 2: Agenda
AGENDA Contents Slide No. 1. HIGHLIGHTS Q2 2025 3 2. FINANCIAL PERFORMANCE 5 3. PORTFOLIO PERFORMANCE 10 7. APPENDIX 17 sisco.com.sa 2
Slide 3: Highlights Q2 2025
HIGHLIGHTS Q 2028 \e
Slide 4: Operational Highlights
Operational Highlights Q1 25 Ports M&A Completed successful takeover of MPT Advanced discussions for 2 M&A concessions on 1 July 2025 transactions in the logistics space with announcement expected Financial impact of new concessions will during Q3 be in Q3 2025. sisco.com.sa 4
Slide 5: Financial Performance
FINANCIAL PERFORMANCE
Slide 6: Income Statement Highlights
Income Statement Highlights SAR millions (adjusted: excludes accounting construction revenue) GROUP REVENUE GROSS PROFIT & MARGIN 13.6% 53.8% 51.7% 1.6% 636.1 51.8% 52.1% 560.1 336.7 342.2 302.5 307.3 156.8 160.0 Q2'24 Q2'25 2024 2025 Q2'24 Q2'25 2024 2025 QUARTERLY YTD QUARTERLY YTD • Revenue up 1.
Slide 7: OPEX and Financial charges
OPEX and Financial charges SAR millions OPERATING EXPENSES FINANCE CHARGES -2.5% F/V Fees Others 144.6 146.3 -3.2% 112.7 58.5 55.0 109.9 72.5 73.5 59.5 57.6 29.4 27.8 86.1 91.3 43.1 45.7 Q2'24 Q2'25 2024 2025 Q2'24 Q2'25 2024 2025 YTD QUARTERLY YTD QUARTERLY • Operating expenses fell 3.2% YoY to SAR
Slide 8: Income from equity accounted associates
Income from equity accounted associates SAR millions Income for equity accounted associates (M SAR) Quarterly YTD Q2’24 Q2’25 2024 2025 199.9% 19.1 10.6 Tawzea 3.8 4.2 -25.7 7.6 3.5 Q2'24 Q2'25 2024 2025 S.A.Talke 6.5 7.6 11.1 14.6 -21.8 Others -6.8 -1.2 -7.2 -3.1 Total 3.5 10.6 -21.8 19.1 QUARTERLY
Slide 9: EBITDA
EBITDA SAR millions Reported EBITDA & MARGIN ADJUSTED EBITDA & MARGIN 61.0% 61.0% 60.1% 52.9% 58.6% 57.3% 388.2 59.9 % 57.3 % 388.2 298.7 336.7 177.2 176.2 181.2 176.2 Q2'24 Q2'25 2024 2025 Q2'24 Q2'25 2024 2025 QUARTERLY YTD QUARTERLY YTD • Adjusted EBIDTA was down quarter on quarter by 4.3%, becau
Slide 10: Net Income
Net Income SAR millions Reported NET INCOME & MARGIN ADJUSTED NET INCOME & MARGIN 7.0% 7.0% 5.2% 6.5% 44.7 44.7 3.5% 6.5% 19.9 10.5 4.8% 29.2 -10.6 19.9 14.5 -2.4% Q2'24 Q2'25 2024 2025 Q2'24 Q2'25 2024 2025 QUARTERLY YTD QUARTERLY YTD • Adjusted net income in Q2 was up quarter on quarter, helped by
Slide 11: Portfolio Performance
PORTFOLIO PERFORMANCE |
Slide 12: Ports Q2'FY25 - QoQ
Ports Q2’FY25 - QoQ SAR millions REVENUE GROSS PROFIT & VOLUME (TEUS ‘000) Consignee Transhipment Gateway MARGIN Gateway Transhipment 53.1% 52.5% 726 733 248.2 251.2 304 333 95.1 97.9 131.2 131.2 31.7 35.8 442 400 121.4 117.5 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 • Revenue decreased due to lower volum
Slide 13: Ports Q2'FY25 - YTD
Ports Q2’FY25 - YTD SAR millions REVENUE GROSS PROFIT & MARGIN VOLUME (TEUS ‘000) Gateway Transhipment Consignee Gateway Transhipment 54.5% 1,515.0 525.3 1,419.7 456.6 211.0 680.5 652.1 177.5 72.4 52.8% 286.1 69.2 767.6 834.5 209.9 241.9 240.4 2024 2025 2024 2025 2024 2025 • Revenue driven by strong
Slide 14: Logistics Q2'FY25 - QoQ
Logistics Q2’FY25 - QoQ SAR millions REVENUE GROSS PROFIT & OCCUPANCY (%) Land Warehouse Service MARGIN Land Warehouse 49.7% 33.9 44.6% 30.6 86% 90% 14.5 14.7 16.9 13.7 9.9 14.0 62% 58% 6.0 5.4 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 • Revenue up 10.5% Y-Y to SAR 33.9m. • Gross profit margin increased t
Slide 15: Logistics Q2'FY25 - YTD
Logistics Q2’FY25 - YTD SAR millions REVENUE GROSS PROFIT & OCCUPANCY (%) Land Warehouse Service MARGIN Land Warehouse 66.1 48.3% 56.9 46.2% 27.9 83% 90% 25.2 31.9 26.2 19.6 27.5 65% 58% 12.1 10.7 Q2'24 Q2'25 2024 2025 2024 2025 • Revenue up 16.2% Y-Y to SAR 66.1m. • Gross profit margin increased to
Slide 16: Water Solutions Q2'FY25 - QoQ
Water Solutions Q2’FY25 - QoQ SAR millions REVENUE GROSS PROFIT & MARGIN VOLUME, WATER SOLD (MN M3) Tawzea Others Other Revenue Tawzea Others 48.0% 51.1% 23.5 22.9 1.2 1.5 3.2 1.0 7.4 9.3 11.2 11.3 2.6 2.6 12.9 12.6 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 • Revenue declined by 2.5% QoQ to SAR 22.9 milli
Slide 17: Water Solutions Q2'FY25 - YTD
Water Solutions Q2’FY25 - YTD SAR millions REVENUE GROSS PROFIT & MARGIN VOLUME, WATER SOLD (MN M3) Tawzea Others Other Revenue Tawzea Others 45.8 48.2% 50.5% 46.6 8.1 2.1 7.7 6.2 17.9 2.4 2.9 13.9 22.5 23.1 5.3 5.2 26.4 25.8 2024 2025 2024 2025 2024 2025 • Revenue declined by 1.7% Y-Y to SAR 45.8 m
Slide 18: Appendix
APPENDIX
Slide 19: Revenue And Gross Profit Composition
Revenue And Gross Profit Composition Ports Logistics Water SAR millions Revenue Composition Gross Profit Composition 182.1 160.0 7.2% 156.8 11.1% 11.8 7.8% 11.3 11.3 10.1% 15.1 13.7 16.9 155.3 131.8 131.8 82.1% 81.7% Inner | Q2 2024 Outer | Q2 2025 Q2'24 Q1'25 Q2'25 Group Revenue Composition Gross M
Slide 20: Strategic Objectives
Strategic Objectives Revenue of SAR Target ROIC of 1 2 billion by 2026 more than 12% Targeting 50% revenue and 2 net income contribution from Logistics and Water segments Strong total Sustainable 3 returns for dividend shareholders distribution sisco.com.sa 20
Slide 21: 6X26 Strategy Implementation Key Updates
6X26 Strategy Implementation Key Updates Logistics • Increased bonded zone RSGT Bangladesh warehouse capacity to commenced operations in 120k m2 June 2024 • Work has commenced on • Additional concessions being 1. Fortify national championship pursued in East and West Africa Khumra Logistics Park a
Slide 22: Tawzea Q2'FY25
Tawzea Q2’FY25 SAR millions Q2 REPORTED NET REVENUE ADJUSTED GROSS PROFIT & INCOME (MARGIN) MARGIN SAR 8.4m (23.5%) 13.4% 9.0% Y-Y 11.9% 140.3 17.7 16.7 11.5% SISCO SHARE OF Q2 ADJUSTED NET INCOME 132.1 131.1 15.1 SAR 4.2m Q2'24 Q1'25 Q2'25 Q2'24 Q1'25 Q2'25 7.6% Y-Y • Revenue increased by 7.0% Y-Y
Slide 23: SA Talke Q2'FY25
SA Talke Q2’FY25 SAR millions Q2 NET INCOME REVENUE GROSS PROFIT & MARGIN SAR 20.6 28.5% 28.3% +31.2%Y-Y 27.8% 26.5 26.5 93.6 96.4 SISCO SHARE OF Q2 21.6 77.6 ADJUSTED NET INCOME SAR 7.6m Q2'24 Q1'25 Q2'25 Q2'24 Q1'25 Q2'25 +16.9% Y-Y • Revenue increased significantly in Q2’25 compared to Q2’24, up
Slide 24: Income Statement - Quarterly
Income Statement - Quarterly SAR 000 Q2 2024 Q2 2025 Variance Q1 2025 Operational Revenue 302.5 307.3 1.6% 328.8 Direct Costs (145.6) (147.3) 1.2% (146.7) Gross Profit 156.9 160.0 2.0% 182.1 Operating expenses (59.4) (57.6) -3.0% (52.3) Operating Profit 97.5 102.5 5.0% 129.8 Share of profit from inv
Slide 25: Balance Sheet
Balance Sheet Q1 2025 YE 2024 Fixed Assets 4,400.0 4,373.6 Investments 252.1 256.7 Other Long-Term Assets 5.7 5.7 Current Assets 1,372.8 1,407.6 Total Assets 6,030.6 6,043.6 Borrowings 1,232.1 1,195.8 Long Term Liabilities 2,779.7 2,756.6 Current Liabilities (excl. borrowings) 679.2 684.7 Total Lia
Slide 26: Cash Flow Statement
Cash Flow Statement YE 2024 YTD 2025 Operating cash flow before working capital 681.1 367.3 SAR million YE 2024 Q1 2025 Net working capital movement (334.9) (181.5) Cash At Center 315.8 373.6 Cash generated from operating activities 346.2 185.8 Cash At Affiliates 569.2 593.4 Finance charges, Zakat &
Slide 27: Disclaimer
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 prepared by SUSTAINABLE INF
Slide 28: sisco.com.sa
€ sisco.com.sa ™ @
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