Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — H1 2018 Earnings Presentation
27 slides from Quest Holdings Sa's earnings presentation, September 2018
Slide 1: Corporate Presentation Based on 6M 2018 Financial Results
Corporate Presentation Based on 6M 2018 Financial Results
Slide 2: Overview, Financial Performance, Outlook
01. - Overview - Financial Performance - Outlook 2
Slide 3: Quest Group @ a Glance (12M 2017)
Quest Group @ a Glance (12Μ 2017) €129m €436m Total Equity Revenues Diversified >36 years Business operations successful track record applying active (est. in 1981) management principles 1.577 Active in : Revenues Headcount • ICT Products* €216m >30 Countries • IT Services € 83m International Activi
Slide 4: Segment Description 6M2018
Segment Description 6M2018 Amounts in ,000 € IT Products (Wholesale/ Retail) IT Services Courier & Financial Postal Transactions Energy & Largest distributor of H/W and S/W products in Greece #1 system integrator in Other domestic market Largest Local Courier 40%+ of IT distribution in Greec
Slide 5: P&L (6M 2018)
P&L (6Μ 2018) Amounts in ,000 € SALES 250.000 200.000 229.983 2018 VS 2014 192.056 150.000 176.551 161.845 +54,4% 148.981 4years CAGR 100.000 +11,5% 50.000 - 2014 2015 2016 2017 2018 EBITDA EBT 25.000 8,8% 10,0% 14.000 4,7% 5,1% 6,0% 8,2% 7,6% 12.000 4,2% 5,0% 20.000 8,0% 6,3% 6,4% 20.218 10.000 3,6
Slide 6: P&L (6M 2018)
P&L (6Μ 2018) Amounts in ,000 € 6M 2018 YoY % 6M 2017 Amounts in ,000 € Amounts in ,000 € Sales 229.983 19,7% 192.056 EBITDA 20.218 28,5% 15.732 % sales 8,8% 8,2% EBIT 13.714 30,2% 10.529 % sales 6,0% 5,5% EBTD 18.347 37,8% 13.312 % sales 8,0% 6,9% EBT 11.843 46,0% 8.110 % sales 5,1% 4,2% EAT 7.904
Slide 7: Balance sheet (6M 2018)
Balance sheet (6Μ 2018) Amounts in ,000 € Group Balance Sheet 2018 2017 Tangible & intangible assets 70.441 75.523 Goodwill 27.225 27.225 Other Non-current assets 30.566 128.232 31.288 134.036 €311m €133m Inventories 20.810 26.997 Total Assets Total Equity Trade & other receivables 92.811 109.886 Ca
Slide 8: Cash Flow (6M 2018)
Cash Flow (6Μ 2018) Amounts in ,000 € Group Cash Flow 6M 2018 6M 2017 EBITDA 20.218 15.732 Depretiation/Amortization -6.504 -5.203 Financial cost/(income) -2.303 -1.784 Capex(tangible assets) -1.552 -7.036 FCF(ops) 16.363 6.912 Receivables 17.127 8.847 Inventories 6.187 -916 Income Tax paid -555 -1.
Slide 9: Highlights / Outlook by Sector
Highlights / Outlook by Sector o Sales to grow by expansion of the product line, the Mobility sector, e-commerce and retail network IT Products o Good Start for the year with (+33%) sales Growth in 6Μ, driven by Mobility gaining Market Share. (Wholesale/ Retail) o Focus on Cost Optimization Improvin
Slide 10: 6M 2018 Highlights / Group Outlook
6M 2018 Highlights / Group Outlook Highlights Double digit growth in sales Sales (+20%) vs Q2 2017 Double digit growth in EBITDA (+29%) , in EBT (46%) & Earnings per Share (58%) vs 6M 2017 Recovered of loss of sales and profit, of BriQ (ATHEX:BRIQ) - carved out in during Q3 2017 6M Results validate
Slide 11: Appendix
02. Appendix - 6M 2018 Business Segments Analysis - Quest’s 2018-2021 Strategy - Other Corporate info 11
Slide 12: Segment P&L (6M 2018)
Segment P&L (6M 2018) Amounts in ,000 € IT Products Courier & Financial IT Services Transactions Energy & Other Total Group (Wholesale/ Retail) Postal Sales 115.556 43.030 49.126 21.273 999 19% 21% 9% 0,1% 50% 229.983 Ebitda 1.121 1.131 6.321 10.690 954 5% 6% 6% 31% 53% 20.218 EBITDA Margin 1% 2,6%
Slide 13: Segment Analysis 6M 2018
Segment Analysis 6M 2018 Financial Q2 2018 (€ x 1.000) IT Products ΙΤ Services Courier & Postal Renewable Energy Unallocated Total Transactions Total gross segment sales 127.327 43.631 49.802 21.282 1.092 - 243.134 Inter-segment sales (11.771) (601) (677) (10) (92) (1) (13.151) Net sales 115.556 43.
Slide 14: IT Products (Wholesale/Retail) 6M 2018
IT Products (Wholesale/Retail) 6M 2018 Amounts in ,000 € Other cons. entries Total Sales 2018 73.217 7.612 37.155 9.343 (11.771) 115.556 +33% 2017 55.056 5.976 28.434 7.855 (10.611) 86.709 2018 533 211 94 298 (14) 1.121 EBITDA 2017 842 91 731 128 (14) 1.779 -37% 2018 (208) 150 9 98 (14) 35 -95% EBT
Slide 15: IT Services (6M 2018)
IT Services (6M 2018) Amounts in ,000 € Other cons. entries Total 2018 43.631 (601) 43.030 Sales 2017 43.361 (378) 42.984 0% 2018 1.131 - 1.131 EBITDA 2017 1.767 - 1.767 -36% 2018 445 (150) 295 -65% EBT 2017 985 (150) 835 15
Slide 16: Courier & Post (6M 2018)
Courier & Post (6M 2018) Amounts in ,000 € Other cons. entries Total 2018 49.700 (575) 49.126 Sales 2017 47.798 (593) 47.205 +4% 2018 6.302 19 6.321 EBITDA 2017 5.343 19 5.362 +18% 2018 5.494 19 5.513 +13% EBT 2017 4.840 19 4.859 16
Slide 17: Financial Transactions (6M 2018)
Financial Transactions (6M 2018) Amounts in ,000 € Other cons. entries Total 2018 21.282 (10) 21.273 Sales 2017 14.922 (14) 14.908 +43% 2018 10.663 27 10.690 EBITDA 2017 5.779 (3) 5.776 +85% 2018 5.115 27 5.143 +368% EBT 2017 1.019 80 1.099 17
Slide 18: Energy & Other Activities (6M 2018)
Energy & Other Activities (6M 2018) Amounts in ,000 € Other cons. entries Total Sales 2018 4.044 1.092 (4.138) 999 +300% 2017 2.823 229 (2.803) 250 2018 3.231 725 (3.002) 954 EBITDA 2017 2.514 (57) (1.492) 965 -1% 2018 3.237 280 (2.659) 858 51% EBT 2017 2.434 (398) (1.469) 567 18
Slide 19: Segment Description (12M 2017)
Segment Description (12Μ 2017) IT Products (Wholesale/ Retail) IT Services Courier & Financial Postal Transactions Energy & Largest distributor of H/W and #1 system integrator in S/W products in Greece domestic market Largest Local Courier Other Certified Greek partner of Operator in SE Le
Slide 20: P&L (12M 2017)
P&L (12M 2017) Amounts in ,000 € SALES EBITDA 500.000 50.000 9,0% 10,0% 2017 VS 2013 8,2% 2017 VS 2013 40.000 8,0% +48,1% 400.000 388.227 436.449 6,3% 6,0% 39.251 +223% 4years CAGR 353.405 30.000 6,0% 300.000 4,1% 31.792 4years CAGR 314.949 +10,3% 200.000 294.652 20.000 19.861 21.324 4,0% +34% 10.00
Slide 21: Current Activities Main Growth Focus Areas
Current Activities Main Growth Focus Areas 01 04 Mobility & IoT Infrastructure 06 Distribution Channel 01 Financial Transactions 02 Mobility 05 & IoT Financial E-Commerce 05 Focus e-Transactions Infrastructure Areas 02 E-Commerce 04 03 06 Int. Distribution International Markets 03 Channel Markets Fu
Slide 22: Quest's 2018-2021 Strategy
Quest’s 2018 - 2021 Strategy Strategic Orientation Strategic Targets Focus on Growing Areas and 01 Growth Improve Profitability Reach ~€600m Digital Economy Investments Revenues Mobility & IoT 2018-2021 (+50% vs 2016) E-Commerce €80m Improve ROE to ~20% 02 Organizational Invest in Areas with higher
Slide 23: Corporate Governance
Corporate Governance The management and operation of the Quest Group is based on a modern, dynamic and flexible Corporate Goals Governance model. By applying the core principles of Corporate Governance, the company has set the following goals: Group Corporate Governance: Is in line with Greek
Slide 24: CSR & Sustainability
CSR & Sustainability Strategic CSR Focus CSR and Sustainable Development is a Market: Responsible and Ethical Entrepreneurship, strategic focus for Quest Group. Regulatory Compliance, Continuous Growth, Expansion to new Areas, Total Customer Satisfaction Human Capital: Training and Development
Slide 25: Share & Shareholders Structure
Share & Shareholders Structure Free Float 24% Theodoros Total Capital Return to the Eftychia Fessas Koutsoureli 51% Shareholders (2007-2017) 25% € 84,5m** 1.600 14 1.400 12 1.200 10 1.000 € 142m * 800 600 8 6 Capitalization 400 4 200 2 0 0 2013 2014 2015 2016 2017 2018 General Index Quest *On 30/6/2
Slide 26: Disclaimer
Disclaimer This document might contain estimations and forward-looking statements relating to the Group’s future business, development and economic performance. It also includes statements from sources that have not been independently verified by the Company. Such statements may be subject to a
Slide 27: Thank you
Thank you 27