Mannai Corporation Q.p.s.c. · QSE:MCCS

Mannai Corporation Q.p.s.c — Q3 2020 Earnings Presentation

11 slides from Mannai Corporation Q.p.s.c's earnings presentation, Oct 1, 2020

  1. Slide 1: Mannai Corporation QPSC 3Q'20 Financial Summary

    Mannai Corporation QPSC 3Q'20 Financial Summary

  2. Slide 2: Disclaimer

    Disclaimer Mannai Corporation Q.P.S.C. cautions investors that certain statements contained in this document state Mannai Corporation’s management's intentions, hopes, beliefs, expectations, or predictions of the future and, as such, are forward-looking statements. Mannai Corporation management wish

  3. Slide 3: 3rd Quarter Improvement reduces YTD Loss to 199m

    3rd Quarter Improvement reduces YTD Loss to 199m QAR m Net Profit 2019 2020 • 3Q’20 profit of 3m, improvement of 10m 81 compared to 3Q’19 +10m 50 37 • 1H’20 profits reduced due to COVID-19 3 lockdown related closures which (7) (21) impacted all retail and commercial operations (182) (199) Q1 Q2 Q3 Y

  4. Slide 4: Financial Highlights

    Financial Highlights QAR m 3Q YTD ’20 3Q YTD ’19 Revenues 8,532 8,525 0% Gross Profit 1,700 1,812 (6)% EBITDA 512 759 (33)% Finance Cost 297 311 (5)% Net Profit (199) 81 Unfav. Capital Employed 9,868 9,124 8% Earnings Per Share (0.44) 0.19 Unfav. 4

  5. Slide 5: 3rd Quarter Revenue Growth of 13% Offsets 1H COVID-19 Decline

    3rd Quarter Revenue Growth of 13% Offsets 1H COVID-19 Decline QAR m Revenue • 3Q’20 revenue growth of 364m or 13%, 8,525 8,532 -% offsetting 1H’20 decline • IT revenues up 7% and Europe revenues up 14% due to Gfi’s acquisition of IECISA in Spain • Jewellery revenues down 35% due to closures due to C

  6. Slide 6: IECISA Acquisition increases IT to 85%

    IECISA Acquisition increases IT to 85% Revenue Mix 3Q YTD ‘19 3Q YTD ‘20 Other Auto Other Auto Jewellery Jewellery 4% 6% 4% 5% 6% 10% IT IT 81% 85% 6

  7. Slide 7: IECISA Acquisition Increases Europe to Two Thirds of Sales

    IECISA Acquisition Increases Europe to Two Thirds of Sales Revenue Mix 3Q YTD ‘19 3Q YTD ‘20 Other 0% Other 0% Qatar 32% Qatar 28% Other Europe 66% Europe 58% Other GCC GCC 6% 10% 7

  8. Slide 8: Gross Profit Margin Compression Due to Sales Reduction

    Gross Profit Margin Compression Due to Sales Reduction QAR m Gross Profit Gross Margin % (6)% (1.4) pts 1,812 1,700 21.3% 19.9% 3Q YTD '19 3Q YTD '20 3Q YTD '19 3Q YTD '20 • Fall in Gross Profits due to sales reduction and margin pressure impacting all business units due to impact of COVID-19 relate

  9. Slide 9: IECISA Acquisition in Spain Increases Debt Levels Compared to Q3'19

    IECISA Acquisition in Spain Increases Debt Levels Compared to Q3’19 QAR m Finance Cost Net Debt 10% 311 297 (5)% 7,785 7,054 5,941 3Q '19 FY '19 3Q '20 3Q YTD'19 3Q YTD'20 • Increase in Net Debt compared to 3Q’19 due to acquisition of IECISA by Gfi for 992m, funded with bank debt • Excluding acquisi

  10. Slide 10: Interim Condensed Consolidated Statement of Profit or Loss

    MANNAI CORPORATION Q.P.S.C INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the Period ended 30 September 2020 30 Sep 30 Sep QAR ‘000s 2020 2019 Variance V% QR '000 QR '000 vs. Last Year Fav /(Unfav) Unaudited Unaudited Revenue 8,531,653 8,525,139 6,514 0% Direct costs (6,831,954) (6,7

  11. Slide 11: Mannai Corporation QSC

    Mannai Corporation QSC Tel: +974-4455 8888 Fax: +974 4455 8880 www.mannai.com CONTACTS Investor Relations Ewan Cameron Chief Financial Officer Abayazeed Ahmed Investor Relations Officer email: investor.relations@mannai.com.qa Tel (Direct) : +974-44558844 11

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