Gulf International Services Qsc · QSE:GISS
Gulf International Services Qsc — Gulf International Services — Investor Presentation (June 2021)
31 slides from Gulf International Services Qsc's investor presentation, Jun 30, 2021
Slide 1: Gulf International Services Investor Relations Presentation
CLASSIFICATION: C0 - NON-CONFIDENTIAL Gulf International Services Investor Relations Presentation 30 June 2021
Slide 2: Disclaimer
CLASSIFICATION: C0 - NON-CONFIDENTIAL DISCLAIMER The companies in which Gulf International Services Q.P.S.C. directly and indirectly owns investments are separate entities. In this presentation, “GIS” and “the Group” are sometimes used for convenience in reference to Gulf International Services Q.P.
Slide 3: Table of Content
CLASSIFICATION: C0 - NON-CONFIDENTIAL TABLE OF CONTENT 1. About GIS 2. Group Structure 3. Board of Directors 4. Competitive advantages 5. Results at a Glance (2013 – 2020) 6. Results at a Glance (For the six-month period ended 30 June 2021) 7. Segmental details 8. Governance structure Gulf Internati
Slide 4: About GIS
CLASSIFICATION: C0 - NON-CONFIDENTIAL About GIS
Slide 5: About GIS
CLASSIFICATION: C0 - NON-CONFIDENTIAL About GIS • Gulf International Services Q.P.S.C. was • The authorized share capital is QR 2 billion with incorporated as a Qatari joint stock an issued share capital consisting of 1.85 Billion company on February 12, 2008. ordinary shares and 1 special share, wi
Slide 6: Group Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Group Structure • Through group companies, Gulf International Services operates in four distinct segments - insurance and reinsurance, drilling, helicopter transportation and catering services. • Qatar Petroleum owns 10% of GIS shares, and General Retirement and
Slide 7: Board of Directors
CLASSIFICATION: C0 - NON-CONFIDENTIAL Board of Directors The Board of Directors of the group consists of: Sheikh Khalid Khalifa Al Thani Chairman Mr. Saad Rashid Al-Muhannadi Mr. Ghanim Mohammed Al Kuwari Vice Chairman Member Mr. Ali Jaber Hamad Al-Marri Sheikh Jassim Abdulla Al-Thani Member Member
Slide 8: Competitive Advantages
CLASSIFICATION: C0 - NON-CONFIDENTIAL Competitive Advantages • The only Qatari drilling • Sole provider of oil & gas services provider in Qatar. helicopter services in Qatar • Maintaining market share of • One of the largest operator over 50% of offshore and in the MENA. 100% on shore oil & gas • Mo
Slide 9: Results at a glance (2013-2020)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a glance (2013-2020)
Slide 10: Results at a Glance (2013-2020)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance (2013-2020) Revenue (QR million) Net profit (QR million) • Revenue peaked in 2015 with overall trajectory remained in line with cyclical movements in crude oil prices • Net profit dropped after the peak in 2014, due to overall movements in re
Slide 11: Results at a glance (six-month period ended 30 June 2021)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a glance (For the six-month period ended 30 June 2021)
Slide 12: Results at a Glance
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance For the six-month period ended 30 June 2021 Revenue (QR million) 1H-21 vs 1H-20: Revenue decreased by 8% on last year. Revenue growth from insurance segment was entirely offset by revenue reduction from all the other segments. Topline perform
Slide 13: Results at a Glance
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance For the six-month period ended 30 June 2021 Cash Balance (including Short- Term investments - QR million) Cash balance marginally improved compared to last year-end, mainly due to the proceeds received from sale of investments and collection
Slide 14: Net Profit
CLASSIFICATION: C0 - NON-CONFIDENTIAL Net Profit For the six-month period ended 30 June 2021 Amounts reported in QR’ millions o Revenue: reduction by 8%. Revenue reduction was mainly o G&A Expenses: reduced by 10% impacted by the ongoing rig suspension and decline in rig o Aviation: savings of QR 2
Slide 15: Segmental Details
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details
Slide 16: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Drilling Segment Gulf Drilling International (GDI) incorporated in 2004 as a joint venture between Qatar Petroleum (60%) and Japan Drilling Company (40%). In 2014, GIS acquired the remaining stake of GDI, resulting in GDI becoming a wholly
Slide 17: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2021 Drilling Segment Revenue QR million • 1H-21 vs 1H-20: revenue down by 16%, mainly due to continued rig suspension within the on-shore fleet, amid COVID-19 pandemic. Moreover, the rig day-rates, with e
Slide 18: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2021 Drilling Segment 1 Rig utilization (%) • Rig utilization declined mainly due to GDI 8 going off-contract since Nov-20. Revenue Mix • Offshore operations continue to contribute significantly to the seg
Slide 19: Aviation Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Aviation Segment Gulf Helicopter Company (GHC) is one of the leading commercial aviation service provider. With global footprints extending from Europe , Africa, Middle East, and South Asia with a fleet of 59 aircrafts; GHC has 3 Direct sub
Slide 20: Aviation Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2021 Aviation Segment Revenue QR million • 1H-21 vs 1H-20: The negative growth in revenue was mainly on the back of lower revenue from international segment. This was partially offset by increase in MRO re
Slide 21: Aviation Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2021 Aviation Segment Actual Flying hours • COVID-19 related travel restrictions, which affected the transport demand last year for the oil and gas companies remained relaxed during the period. As a result
Slide 22: Insurance Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Insurance Segment Alkoot insurance, incorporated in 2003, is mainly engaged in business of medical and general insurance and reinsurance activities, except for vehicle insurance & individual insurance against risk of death and accidents. In
Slide 23: Insurance Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2021 Insurance Segment • 1H-21 vs 1H-20: growth in revenue was mainly due to Revenue higher premiums from general insurance segment, QR million partially offset by decline in premiums from the medical line
Slide 24: Insurance Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2021 Insurance Segment Actual claims incurred (QR ‘millions) • Actual claims up on last year, mainly due to increase in medical insurance claims driven by increased doctors’ consultations and minor medical
Slide 25: Catering Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Catering Segment Amwaj Catering Services Company, incorporated in 2006 as a wholly-owned subsidiary of Qatar petroleum Amwaj was subsequently acquired by GIS in 2012. Amwaj Provides diverse services which include: • Business & Industrial
Slide 26: Catering Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2021 Catering Segment • 1H-21 vs 1H-20: Catering segment reported a revenue Revenue of QR 172 million, with a decline of 24% compared to QR million 1H-20. This was mainly as a result of lowered number of m
Slide 27: Catering Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2021 Catering Segment Revenue mix • Catering and manpower businesses continue to remain key contributors to the segment’s revenues. Gulf International Services, Investor Relations Presentation 27
Slide 28: Governance Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Governance Structure
Slide 29: Governance Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Governance Structure Board Structure Governance and Compliance • GIS Board of Directors consists of seven • GIS is firmly committed to implementing the (7) Directors, three (3) Directors of whom principles of good governance set out in the were appointed by the
Slide 30: Governance Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Governance Structure Remuneration • Board of Directors Disclosure and Transparency • The Company has developed a periodically • The Board ensures that all disclosures are made in revisited remuneration policy for Board accordance with the requirements set by reg
Slide 31: For further information, Gulf International Services can be contacted
CLASSIFICATION: C0 - NON-CONFIDENTIAL For further information, Gulf International Services can be contacted as follows: Telephone: (974) 4013 2088 Fax: (974) 4013 9750 Email: gis.investorrelations@qp.com.qa or gis@qp.com.qa Address: P.O. Box 3212, Doha, State of Qatar Please refer to www.gis.com.qa
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