Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — Q1 2021 Earnings Presentation
27 slides from Quest Holdings Sa's earnings presentation, May 2021
Slide 1: Corporate IR Presentation
Corporate IR Presentation Based on 3M 2021 Financial Results
Slide 2: 3M 2021 Results
01.3M 2021Results Overview Financial Performance Outlook 2
Slide 3: Quest Group at a Glance (3M 2021)
Quest Group at a Glance (3M 2021) ▪ €216m Revenues 30 Countries 40 years 2.184 ▪ €18m EBITDA International Activity (est. in 1981) Headcount ▪ €14m EBT ( ~19% of revenue) ▪ €153m Equity Active in : Revenues Track Record 2017 -2021 1 ▪ ICT Products € 133m ▪ Revenue CAGR 22% ▪ IT Services € 37m ▪ Ebit
Slide 4: 3M 2021 Highlights
Quest Group 1 ▪ Strong performance with Double Digit and organic growth in all lines: 3M 2021 Highlights Sales +46% Ebitda +46% EBT +106% EAT +152% 2 ▪ Sales of all sectors (excluding Quest Energy) grew at double-digit pace 3 ▪ All sectors manage to have significant contribution in profitability EBT
Slide 5: P&L (3M 2021)
P&L (3M 2021) Amounts in ,000 € Explanations/Clarifications: 3M 2021 YoY % 3M 2020 Sales 216.018 46,2% 147.748 ▪ Sales growth was driven by all sectors. Majority of EBITDA 18.368 46,3% 12.559 sales growth came from IT Products division which % sales 8,5% 8,5% grew at a higher pace at ~64% EBIT 14.44
Slide 6: P&L (3M 2021) Sales, EBITDA and EBT
P&L (3M 2021) Amounts in ,000 € EBITDA 9,5% 20.000 9,2% 10,0% 8,5% 8,5% 7,3% 8,0% 15.000 2021 VS 2017 SALES 10.000 6,0% +161,4% 250.000 18.368 4years CAGR 4,0% 200.000 5.000 7.027 10.691 11.845 12.559 2,0% +27,2% 2021 VS 2017 150.000 - 0,0% +123,3% 100.000 216.018 2017 2018 2019 2020 2021 4years CAG
Slide 7: Balance sheet (3M 2021)
Balance sheet (3M 2021) Amounts in ,000 € Group Balance Sheet 3M 2021 12M 2020 Tangible & intangible assets 106.032 105.819 Right-of-use assets 19.853 20.257 Goodwill 31.773 31.551 Other 44.889 45.081 Non-current assets 202.547 202.709 €522m €153m Inventories 70.073 43.475 Trade & other receivables
Slide 8: Cash Flow (3M 2021)
Cash Flow (3M 2021) Amounts in ,000 € Group Cash Flow 3M 2021 3M 2020 EBT 13.928 6.755 Depreciation/Amortization 3.924 4.423 WoC (Change in Inventories, Receivables, Payables) (43.828) (25.231) Tax paid (3.866) (61) Other operating activities (2.464) (2.019) Cash flows from operating activities (30.
Slide 9: IT Products Segment (Wholesale/Retail)
IT Products Segment (Wholesale/ Retail) Info/Overview 3M Financial Results ▪ Largest distributor of H/W and S/W products in Greece Amount in ,000€ 3M 2021 YoY % 3M 2020 ▪ €420m revenue in 2020 Sales 132.880 64% 80.979 ▪ 40%+ of ICT distribution Market in Greece EBITDA 5.098 100% 2.548 ▪ Certified Gr
Slide 10: IT Services Segment
IT Services Segment Info/Overview 3M Financial Results ▪ Leading IT integrator in domestic market ~ 20% Market Share Amount in ,000€ 3M 2021 YoY % 3M 2020 ▪ €132m revenue in 2020 Sales 37.186 24% 29.925 ▪ 30+ countries of operations EBITDA 2.726 112% 1.286 ▪ ~40% International revenues % sales 7,3%
Slide 11: Courier & Postal Segment
Courier & Postal Segment Info/Overview 3M Financial Results ▪ Largest Local Courier in Greece (~ 24% Μ. Share ) ▪ Leading Operator in SE Europe Amount in ,000€ 3M 2021 YoY % 3M 2020 ▪ €126m revenue in 2020 Sales 33.174 24% 26.650 ▪ Leading Alternative Postal Operator in Greece (~7% Μ. Share) EBITDA
Slide 12: Electronic Payments Segment
Electronic Payments Segment Info/Overview 3M Financial Results ▪ Leading POS network operator in Greece ▪ €34m revenue in 2020 Amount in ,000€ 3M 2021 YoY % 3M 2020 ▪ ~230K installed POS in merchants Sales 10.962 35% 8.145 ▪ ~40% Μarket Share in POS EBITDA 4.086 29% 3.160 % sales 37,3% 38,8% ▪ >517m
Slide 13: Renewable Energy Segment & Other
Renewable Energy Segment & Other Info/Overview 3M Financial Results ▪ €8,9m revenue in 2020 with 35% growth due to 2019 investments Amount in ,000€ 3M 2021 YoY % 3M 2020 ▪ Quest Energy owns 16 photovoltaic parks of 28MW Sales 1.816 -11% 2.049 power EBITDA 1.494 -13% 1.727 % sales 82,3% 84,3% ▪ Quest
Slide 14: Segment Contribution in Sales & Ebitda (3M 2021)
Segment Contribution in Sales & Ebitda (3M 2021) Amounts in ,000 € IT Products Courier & Electronic (Wholesale/ Retail) IT Services Payments Energy & Other Total Group Postal 132.880 37.186 33.174 10.962 1.816 17,2% 15,4% 5,1% 0,8% Sales 61,5% 216.018 5.098 4.963 4.086 1.494 2.726 8,1% 27,0% 22,2% 2
Slide 15: Segment Analysis 3M 2021
Segment Analysis 3M 2021 Amounts in ,000 € 3M 2021 (€ x 1.000) IT Products ΙΤ Services Courier & Postal Electronic Payments Renewable Energy Unallocated Total Total gross segment sales 151.837 37.844 33.530 10.990 1.903 115 236.219 Inter-segment sales (18.957) (657) (357) (28) (78) (124) (20.201) Ne
Slide 16: 2021 Outlook
Group Outlook 1 3M 2021 is the best ever Q1 for Quest Group in terms of actual numbers and growth on YoY 2021 Outlook basis. 2 FY 2021 revenues and operating profitability are estimated to be higher than FY 2020. Most segments are estimated to grow at double digit rates, resulting at consolidated do
Slide 17: Appendix
02. Appendix Other Corporate info More Financial Data 17
Slide 18: Operating Model
Operating Model CONTROL LEADING COMPANIES ACTIVE MANAGEMENT DIVERSIFIED PORTFOLIO number Acquire and hold Subsidiaries are market Actively involved in Mitigate risk by controlling stakes in leaders in promising subsidiaries’ investing in different corporate assets sectors management sectors Strategy
Slide 19: Value Created to Investors
Value Created to Investors 12 2.900 Quest share value (€) Market Cap* 10 2.400 € 401m General Index 8 1.900 Aggregate Capital Return/ Dividends to the Shareholders 6 (2016-2020) ** 1.400 4 € 64m 900 2 400 0 RoE (=EBT/Total Equity) 2016 2017 2018 2019 2020 2021 30,0% 20,0% Free Float 21,1% 24,7% 24,7
Slide 20: Resilience in challenging times
Resilience in challenging times Amounts in million € 800 Sales Market Cap 721 700 400 600 350 600 500 300 498 250 400 436 388 200 300 353 307 283 295 315 150 200 100 100 50 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 70 EBITDA Capital Return 100 60 60 86 80 16 50 53
Slide 21: Growth Drivers
Growth Drivers Mobility & IoT E-Commerce International Markets Commercial Networks Electronic Payments M&A Inorganic Growth
Slide 22: Quest Holdings BoD
Quest Holdings BoD Theodore Fessas Eftichia Koutsoureli Apostolos Georgantzis Markos Bitsakos Nikolaos Labroukos Pantelis Tzortzakis President –Exec. Member Non-Exec. Member Exec. Member Exec. Member Exec. Member Independent Non-Exec. Member Founder and major Shareholder and CEO of Quest Holdings De
Slide 23: Corporate Governance
Corporate Governance ▪ The management and operation of the Quest Group is Goals based on a modern, dynamic and flexible Corporate By applying the core principles of Corporate Governance, the Governance model. company has set the following goals: ▪ Group Corporate Governance: ✓ Is in line with Greek
Slide 24: Segment Analysis 12M 2020
Segment Analysis 12M 2020 Amounts in ,000 € Electronic 12M 2020 (€ x 1.000) IT Products ΙΤ Services Courier & Postal Renewable Energy Unallocated Total Payments Total gross segment sales 473.190 134.150 127.608 34.352 9.438 492 779.231 Inter-segment sales (53.236) (1.781) (1.682) (178) (472) (524) (
Slide 25: CSR & Sustainability
CSR & Sustainability ▪ CSR and Sustainable Development is a strategic focus for Quest Group Strategic CSR Focus ▪ Market: Responsible and Ethical Entrepreneurship, Regulatory ▪ The Group endorses the 10 Principles of the UN Global Compliance, Continuous Growth, Expansion to new Areas, Compact, the 1
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
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