Gulf International Services Qsc · QSE:GISS
Gulf International Services Qsc — Gulf International Services — Q1 2025 Earnings Presentation
30 slides from Gulf International Services Qsc's earnings presentation, Mar 31, 2025
Slide 1: Gulf International Services Investor Relations Presentation
CLASSIFICATION: C0 - NON-CONFIDENTIAL Gulf International Services Investor Relations Presentation 31st March 2025
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. Historical Results (2017 – 2024) 6. Results at a Glance (For the three-month period ended 31 March 2025) 7. Segmental details (For the three-month period ended 31
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 3 distinct segments - insurance and reinsurance, drilling and aviation services • QatarEnergy owns 10% of GIS shares, and General Retirement and Social Insurance Authority owns ~2
Slide 7: Board of Directors
CLASSIFICATION: C0 - NON-CONFIDENTIAL Board of Directors The Board of Directors of the group consists of: Sheikh Khalid bin Khalifa Al Thani Chairman Mr. Saad Rashid Al-Muhannadi Dr. Mohammed Youssef Al-Mulla Vice Chairman Member Mr. Ali Jaber Hamad Al-Marri Sheikh Jassim Abdulla Al-Thani Member Mem
Slide 8: Competitive Advantages
CLASSIFICATION: C0 - NON-CONFIDENTIAL Competitive Advantages • The only Qatari drilling • Sole provider of oil & gas services provider. helicopter services in Qatar • Maintaining market share of • One of the largest operator over 50% of offshore and the in the MENA. largest market share in the • Mod
Slide 9: Historical Results (2017-2024)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Historical Results (2017-2024)
Slide 10: Historical Results (2017-2024)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Historical Results(2017-2024) Note: CAGR means Compounded Annual Growth Rate Revenue (QR million) Net profit (QR million) • Revenue for 2024 recovered significantly on account of constructive business dynamics with better macroeconomic context • Net profit impro
Slide 11: Results at a glance
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a glance (For the three-month period ended 31 March 2025)
Slide 12: Results at a Glance
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance Revenue (QR million) 1Q-24 vs 1Q-25: Growth primarily driven by the strong results from the aviation, drilling, and insurance segments. key contributors included full consolidation of Gulf drill and Gulf Jack up starting from 25 Jun 2024 in a
Slide 13: Results at a Glance
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance Cash Balance (including Short- Term investments - QR million) Cash balance declined compared to last year-end, mainly due to dividends payments for the financial year 2024 and loan repayment within the drilling segment. Total cash includes QR
Slide 14: Net Profit
CLASSIFICATION: C0 - NON-CONFIDENTIAL Net Profit For the three-month period ended 31 March 2025 Amounts reported in QR’ millions Profitability increased mainly due to improved revenue noted across all the business segments except the catering. Profitability was partially offset by higher finance cos
Slide 15: Segmental Details
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details (For the three-month period ended 31 March 2025)
Slide 16: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Drilling Segment ▪ Gulf Drilling International (GDI) incorporated in 2004 as a joint venture between QatarEnergy (60%) and Japan Drilling Company (40%). ▪ In 2014, GIS acquired the remaining stake of GDI, resulting in GDI becoming a wholly owne
Slide 17: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Drilling Segment Revenue • 1Q-24 vs 1Q-25: Revenue growth has been driven by higher QR million revenue from the offshore segment mainly due to the acquisition of three Jack up rigs which strengthened the segment’s financial results through the
Slide 18: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Drilling Segment 1 Rig utilization (%) • 1Q-24 vs 1Q-25: Rig utilization reached 100% and contract utilization reached 95%. All rigs and lift boats are currently contracted except one onshore which is off-contract. • 4Q-24 vs 1Q-25: Operating R
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 and Middle East, with a fleet of 66 aircrafts; ▪ GHC has 3 Direct subsidiaries: •
Slide 20: Aviation Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Aviation Segment Revenue • 1Q-24 vs 1Q-25: increase in revenue was mainly attributed to improved revenue from the MRO segment due to third party QR million engine repairs work conducted. In addition to improved revenue from the Turkish subsidia
Slide 21: Aviation Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Aviation Segment Actual Flying hours • Total flying hours marginally decreased on a year-on-year basis. With the domestic operation flying hours increasing by 3% while the international operations flying hours witnessed a reduction by 6% due to
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, in addition to vehicle insurance & individual insurance against risk of death and accidents.
Slide 23: Insurance Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Insurance Segment Revenue QR million • 1Q-24 vs 1Q-25: marginal Increase in revenue was mainly driven by new contracts obtained within the medical line of business. 4Q-24 vs 1Q-25: increased mainly due to higher earned portion of policies issue
Slide 24: Insurance Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Insurance Segment Net claims incurred (QR ‘millions) • 1Q-24 vs 1Q-25: On year-on-year basis, net claims incurred increased due to rise in medical claims on the back of new policies added during the year. • 4Q-24 vs 1Q-25: On a quarter-by-quart
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 QatarEnergy ▪ Amwaj was subsequently acquired by GIS in 2012. ▪ In 2023, post the transaction with Shaqab and Atyab. GIS new ownership in A
Slide 26: Catering Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Catering Segment Share of Revenue QR million • 1Q-24 vs 1Q-25: Revenue decreased compared to the previous year mainly due to lower revenue from the accommodation, manpower and catering segment partially offset by increase from food trading. • 4
Slide 27: Governance Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Governance Structure
Slide 28: 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 29: 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 30: 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@qatarenergy.qa or gis@qatarenergy.qa Address: P.O. Box 3212, Doha, State of Qatar Please refer to www.g
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