Jtc Logistics Transportation & Stevedoring Co. K.s.c.p · KSE:JTC
Jtc Logistics Transportation & Stevedoring Co. K.s.c.p — JTC Logistics Transportation & Stevedoring — Q1 2024 Earnings Presentation
20 slides from Jtc Logistics Transportation & Stevedoring Co. K.s.c.p's earnings presentation, Mar 31, 2024
Slide 1: Investor Presentation
KUWAIT | SAUDI | QATAR EQUIPMENT LEASING CONTRACT LOGISTICS POWER RENTAL PORTS MANAGEMENT Investor Presentation First quarter period ending on March 31, 2024 WAREHOUSING 1 1
Slide 2: Disclaimer
Disclaimer This presentation may contain “forward-looking statements” with no warranty or representation given concerning such information. Any forward–looking statements attributable to the Company or persons acting on its behalf apply only as of the date of this document and are expressly qualifie
Slide 3: Contents
Contents • JTC at a Glance • Industry Updates • Operational Overview EQUIPMENT LEASING CONTRACT LOGISTICS • Financial Performance • Sustainability Vision • Outlook POWER RENTAL PORTS MANAGEMENT WAREHOUSING 33
Slide 4: JTC at a Glance
JTC at a Glance 45 years of leading as a service provider for ports management, contract logistics, warehousing, equipment leasing and power rental 44
Slide 5: JTC TODAY – Q1 2024
JTC TODAY – Q1 2024 45 years REVENUE CONTRIBUTION GEOGRAPHIC PRESENCE of operations Warehousing Saudi KD 71.3 million 3% Qatar 7% Ports 7% Management Total Assets (Stevedoring) Equipment 35% Leasing & KD 53.4 million Power Rental 45% Kuwait Total Equity Contract 86% Logistics KD 7.0 million 17% Oper
Slide 6: JTC TODAY – Diversified Business Lines
JTC TODAY – Q1 2024 DIVERSIFIED BUSINESS LINES Increased sources of income and growth opportunities PORTS CONTRACT EQUIPMENT POWER WAREHOUSING MANAGEMENT LOGISTICS LEASING RENTAL • Leading operator at • Industrial • Temperature-controlled, • One of the leading • Leading provider of Shuwaikh and Shua
Slide 7: JTC at Boursa Kuwait
JTC AT BOURSA KUWAIT As of March 31, 2024 JTC CAPITAL MARKET CAP Ticker on Boursa Kuwait KD 15 million KD 55.8 million 2021 Listed on Boursa Kuwait P/E DIVIDEND YIELD Listed on BK Main Market 50 Index 8.86 5.91% based on TTM EPS based on last annual dividend Top 50 liquid companies in the Main Marke
Slide 8: Industry Updates
Industry Updates Market performance providing indicators supporting JTC performance during the year 88
Slide 9: Industry Updates
Industry Updates KUWAIT - ECONOMIC OVERVIEW GCC - ECONOMIC OVERVIEW • Non-oil GDP growth accelerated to 2.8% in Q3 • Value of projects awarded in Gulf countries nearly 2023 though still looks to have come in soft for doubled in 2023, reaching USD 209.8 billion the year as a whole. Oil sector GDP con
Slide 10: Operational Overview
Operational Overview Continued optimization to drive higher performance 10 10
Slide 11: Operational Contribution to Revenue
Operational Contribution to Revenue CHANGE IN CONTRIBUTIONS SERVICE CONTRIBUTION – FY COUNTRY CONTRIBUTION – FY Q1’24 Q1’23 Warehousing 85.6% 3% Contract Logistics 17.2% 17.8% Ports Management Kuwait Ports Management 34.3% 39.4% Equipment (Stevedoring) 7.0% 7.4% 35% Leasing & Leasing 45.2% 39.6% Pow
Slide 12: Revenues – Q1 2024
Revenues – Q1 2024 PORTS MANAGEMENT EQUIPMENT LEASING + CONTRACT LOGISTICS WAREHOUSING (STEVEDORING) POWER RENTAL Q1’24: KD1.2 m Q1’24: KD2.4 m Q1’24: KD3.2 m Q1’24: KD0.23 m Q1’23: KD1.3 m Q1’23: KD2.9 m Q1’23: KD2.9 m Q1’23: KD0.24 m -8.5% -17.4% +7.9% -3.4% 12 12
Slide 13: Financial Performance
Financial Performance Strong position for continued growth 13 13 13
Slide 14: Financial Highlights
Financial Highlights REVENUE – in KD million NET PROFIT – in KD million EPS – in fils +17.6% 12.21 -5.3% 10.38 7.4 7.0 +17.6% 1.8 1.6 Q1'23 Q1'24 Q1'23 Q1'24 Q1'23 Q1'24 14 14
Slide 15: Financial Highlights
Financial Highlights INCOME STATEMENT – Q/Q Q1 2024 Q1 2023 CHANGE • Net profit increase in Q1 2024 was driven by a strong cost optimization policies that Operating Revenue 7,016,694 7,411,966 -5.3% enabled higher margins. Operating Costs (4,558,464) (4,910,131) -7.2% • Cash position increased by en
Slide 16: Sustainability Vision
Sustainability Vision Contributing to our local communities 16 16
Slide 17: Sustainability Vision
Sustainability Vision JTC invests in social activities that bring positive impact to the society in which it operates. The company commits and complies with best practices of corporate governance, in addition to having strict HSE standards to ensure the safety of our employees, and supporting charit
Slide 18: Outlook
Outlook 2024 and beyond 18 18
Slide 19: Outlook
Outlook • Maintained focus on expanding operations in both existing and new business lines, strengthening the company’s diversified revenue streams • Investment in the expansion of operations in present GCC markets to provide new revenue opportunities • Positive outlook for ports management, logisti
Slide 20: Financial Statement & Contact
Financial Statement & Contact To review the full financial statement for Q1 2024: https://www.jtckw.com/investor-relations/ EQUIPMENT LEASING CONTRACT LOGISTICS For more information please contact: Investor Relations ir@jtckw.com POWER RENTAL PORTS MANAGEMENT WAREHOUSING 20 20
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