Al Seer Marine Supplies & Equipment Company P.j.s.c · ADX:ASM
Al Seer Marine Supplies & Equipment Company P.j.s.c — H1 2025 Earnings Presentation
45 slides from Al Seer Marine Supplies & Equipment Company P.j.s.c's earnings presentation, August 2025
Slide 1: Investor Presentation 1H 2025
Investor Presentation 1H 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Al Seer Marine Supplies & Equipment The Company or any of its affiliates or advisors, or their respective directors, Company PJSC (“Company”) based on publicly available information and non-public officers or employees, shall not be liable nor share
Slide 3: Senior Management
Senior Management Guy Neivens Gunther Alvarado Amin Qureshi , ACMA, CFA Chief Executive Officer Deputy Head of Finance and Board Member Chief Executive Officer Mr. Guy Neivens, Group CEO and founder of Gunther Alvarado leverages his extensive Mr. Amin Qureshi is a Chartered Financial Al Seer Marine
Slide 4: Contents
Contents 1H25 Highlights …………………………………………………………………………………… Page 5 -14 Group Overview …………………………………………………………………………………… Page 15-21 Group Financial Highlights …………………………………………………………………… Page 22-27 Commercial Shipping……………………………………………………………………………… Page 28-32 Yacht Segment ……………………………………………………………………………………
Slide 5: 1H 2025 Highlights
1H 2025 Highlights
Slide 6: Business Overview – 1H25
Business Overview – 1H25 Al Seer Marine Secures Strategic Contracts to Drive Financial Growth and Boost Shareholder Value Key highlights Al Seer Marine and B Al Seer Marine awarded Al Seer Marine and Damen International Shipping & Logistics AED47.6mn contract to deliver Yacht sector thriving with As
Slide 7: Business Overview – 1H25
Business Overview – 1H25 Al Seer Marine is undertaking several initiatives aimed at streamlining its cost structure and improving operational efficiency. As a result of these effective measures, the company has achieved a 43% YoY increase in revenue per employee Key highlights GRC Stream ERP Gallo G
Slide 8: Business Overview – 1H25
Business Overview – 1H25 Al Seer Marine Reports Increase in Operating Profit to AED 156 Million with AED 698 Million in Revenue for the First Half of 2025 1H25 Business Highlights Fleet Size Expansion Long term contracts with future Visibility Number of Total Vessels :16 - Charter contracts in comme
Slide 9: Financial Overview
Financial Overview Strong 1H25 Performance Fueled by Sales Growth and Margin Expansion Overview 1H25 Key financials Operational Details Revenue Details AED698mn up +20% YoY 18 vessels inc JV, 2 added in 1H25 AED589mn up +36% YoY Revenue Fleet Size UAE revenue AED89mn GPM1:12.7% up +82% YoY up +4.3pp
Slide 10: 1H25 Financial Overview
1H25 Financial Overview Accelerating revenue with strength across all three segments Revenue AEDmn Revenue AEDmn 698 14 20 698 83 580 580 +20.2% YoY 1H24 1H25 1H24 Commerical Shipping Yacht Management IDT 1H25 1H25 Key financials 1H25 revenue up 20% YoY supported by enhanced asset utilization and gr
Slide 11: 1H25 Financial Overview
1H25 Financial Overview Robust revenue growth and expanding margins across all every vertical Segment Commercial Shipping Yacht Management IDT 46.0 AEDmn AEDmn 433 AEDmn 219 26.2 135 +62% YoY 419 +3% YoY +76% YoY Revenue 1H24 1H25 1H24 1H25 1H24 1H25 18.3% 10.4% 8.3% 7.8% -39.3% 40 45 4 19.5% Gross
Slide 12: 1H25 Financial Overview
1H25 Financial Overview Robust Margin Growth, Elevating Company Performance Gross Profit Adj.Profit before Tax* AEDmn 12.7% AEDmn 22.4% 89 156 8.4% 49 2.3 % +82% +11.7x YoY YoY 13 1H24 1H25 1H24 1H25 Adj. PBT (Excl FVTPL) increased 11.7x to reach AED156mn in Gross profits increased 82% YoY in 1H25,
Slide 13: 1H25 Financial Overview
1H25 Financial Overview Robust cash generation and strong leverage profile Net Cash Generated from Operations Leverage Profile AEDmn AEDmn Bank Borrowing Lease Liabilities Cash 401 578 811 3,060 down 12.3% 2,475 -450 -490 -7 1H24 1H25 Dec-24 Jun-25 Lease liability increased due to addition of 2 Vess
Slide 14: 1H25 Financial Overview
1H25 Financial Overview Financial Snapshot AED Mn 1H24 1H25 YoY (%) AED Mn Dec -24 1H25 Revenue 580 698 20% (532) (609) Non-current Assets 2,146 2,176 COGS Gross Profit 49 89 82% Total Current Assets 6,241 5,924 General and Admin (16) (28) Total Assets 8,387 8,101 Finance Cost (33) (40) Total Equity
Slide 15: Group Overview
Group Overview
Slide 16: Vision, Mission and Values
Vision, Mission and Values Vision Statement: Al Seer Marine aims to sustain its leadership position in the global maritime industry by expanding our Commercial Shipping fleet sustainably, pioneering within Innovation, Defence, and Technology segments, and delivering unparalleled luxury Yacht Managem
Slide 17: Business Overview
Business Overview Al Seer Marine, headquartered in Abu Dhabi, is a global maritime organization specializing in commercial shipping, yacht management, and innovation in defense and technologies. The company offers a comprehensive service portfolio that includes boat building, large-scale 3D printing
Slide 18: Al Seer Marine Group – Structure
Al Seer Marine Group – Structure Commercial Yachting sector IDT sector sector 31% of Revenue Contribution in 62% of Revenue Contribution in 1H25 7% of Revenue Contribution in 1H25 1H25 Investment Portfolio on ADX worth AED 4.8bn Sizeable investment the Cornerstone investor in time of IPO ADNOCLS
Slide 19: Al Seer Marine Group – JV Investments
Al Seer Marine Group – JV Investments Vessels Names / Shareholding as S.No. Name of Joint venture Principal activities Sector Major Projects of 30 June 2025 Operate as shipping lines of freight and passengers’ ABGC DMCC * transportation; ship charter; sea freight and passengers Alkaid 1 Commercial 5
Slide 20: Al Seer Marine – Key Milestones
Al Seer Marine – Key Milestones Jun: Jan: Large Yacht Division Purchase of Factory, USV Jan: established. production began. Establishment of Al Seer Marine was Secured fleet Mar: Establishment of Al Training Institute established. maintenance contract Seer Marine Management Formed ASM Yard. with Cro
Slide 21: Al Seer Marine – Key Milestones
Al Seer Marine – Key Milestones Apr: Launched Unmanned Ground Vehicle and Amphibious May: Acquisition of two Oct - Al Seer Marine Secures Vehicle. LPG Tankers valued at USD 80 Million Financing from AED 246m. BOCOM. Dec: Delivery of 10 Unmanned Surface Vessels. 2022 2024 2019 2021 2023 2025 Jan: Lau
Slide 22: Group Financial Highlights
Group Financial Highlights
Slide 23: ASM– Group Financial Highlights
ASM– Group Financial Highlights ASM – Revenue grew 2.1x (FY21-24) to reach AED1.3bn in FY24 Al Seer Marine’s revenue has demonstrated consistent growth across all three business Commerical Shipping Yachting IDT segments—Commercial Shipping, Yacht AED1.3bn AED1.1bn AED1.2bn 64 Management, and Innovat
Slide 24: ASM– Group Financial Highlights
ASM– Group Financial Highlights Strong EBITDA growth and expansion in Margins Al Seer Marine has delivered strong EBITDA 350 EBITDA EBITDA Margin (%) 327 30% growth, increasing from AED 66 million in 300 258 25% 2021 to AED 327 million in 2024. This growth 250 208 26% reflects the company’s enhanced
Slide 25: ASM– Group P&L Statement
ASM– Group P&L Statement AED Mn FY21 FY22 FY23 FY24 Revenue 621 1,112 1,232 1,281 COGS (538) (970) (1,088) (1,129) Gross Profit 82 142 144 153 General and Admin (28) (46) (37) (47) Finance Cost (0) (55) (57) (69) Finance Income 0 5 6 3 Other Income 0 52 7 66 Share of Profit from JV - (1) (1) 1 Chang
Slide 26: ASM– Group Balance Sheet
ASM– Group Balance Sheet AED Mn FY21 FY22 FY23 FY24 Non - Current Assets Property and Equipment 137 1,195 1,324 1,266 Right of use assets 6.405 6 5 674 Investment in Joint Ventures 77 195 194 Investments carried through FVTPL 5465.725 7,582 6,862 - Deferred Tax Assets - - 0 Loan to a related party -
Slide 27: ASM– Group Balance Sheet
ASM– Group Balance Sheet AED Mn FY21 FY22 FY23 FY24 Total Equity 5,796.6 6,927.3 5,902.2 4,432.8 Liabilities Noncurrent Liabilities Provision for employees end of service benefits 12.2 14.2 19.9 16.8 Bank borrowing - 2,386.1 2,756.1 1,681.7 Interest payable - 6.2 38.8 - Lease Liabilities 6.5 21.2 5.
Slide 28: Commercial Shipping
Commercial Shipping
Slide 29: Commercial Shipping - Overview
Commercial Shipping - Overview ASM Commercial Shipping Division is focused on scaling fleet size, optimizing operations, and securing long-term charter contracts. The division is targeting strategic expansion through new ship acquisitions, cost control measures, and sustainable shipping practices Ke
Slide 30: Commercial Shipping - Market Analysis
Commercial Shipping - Market Analysis Market Size and Trends Marker Size and Trends Market Value USDbn 310 • The global tanker shipping market is projected to grow at a FY25-33 CAGR of 4.5%, driven by rising global trade, increased demand for energy transport, and sustainability-focused fleet modern
Slide 31: Commercial Shipping - Operational Plan
Commercial Shipping - Operational Plan Al Seer Marine’s commercial shipping operations will focus on fleet expansion, AI-driven logistics, and sustainability initiatives to increase efficiency and profitability. Key Strategic Objectives Fleet Expansion and AI-Driven Logistics and Deployment Cargo Ma
Slide 32: Commercial Shipping - Financials
Commercial Shipping - Financials Al Seer Marine’s commercial shipping operations will focus on fleet expansion, AI-driven logistics, and sustainability initiatives to increase efficiency and profitability. Commercial Shipping revenue grew at a CAGR of 108% over 4 years 2021-2024 CAGR 108.3% 365.7 33
Slide 33: Yacht Management
Yacht Management
Slide 34: Yacht Management – Market Analysis
Yacht Management – Market Analysis Marker Size and Trends 30 26.5 The global yacht industry is experiencing significant growth, fueled by rising 25 disposable incomes, increased tourism, and growing demand for ultra-luxury 18.9 experiences. The luxury yacht charter market was valued at $18.9 billion
Slide 35: Yacht Management – Market Analysis
Yacht Management – Market Analysis Key Competitive Advantages for ASM Competitive Landscape The global yacht management market is dominated by European companies, with significant players including Fraser Yachts, Burgess, Camper & Nicholsons, Northrop & Johnson, and Ocean Independence. Al Seer Marin
Slide 36: Yacht Management – Strategic Business Plans
Yacht Management – Strategic Business Plans Key Growth Areas: • AI-Enhanced Fleet Management: AI-driven yacht monitoring, real-time analytics, and efficiency tracking. • Consulting in Sustainability & ESG Compliance: Integration of hybrid propulsion and decarbonization strategies. Key Strategic Obje
Slide 37: Yacht Management – Financials
Yacht Management – Financials Yacht Segment revenue grew at a CAGR of 20% 2021-2024 CAGR 20% 916.2 820.6 733.0 Revenue had advanced from AED 530.6m in 2021 to AED 916.2m in 2024, a 530.6 compound annual growth rate of 20% driven by fleet expansion and cross-sell of services 2021 2022 2023 2024 Sourc
Slide 38: Innovation Defense and Technology
Innovation Defense and Technology
Slide 39: IDT – Market Analysis
IDT – Market Analysis Marker Size and Trends Marker Strategy The autonomous maritime defense market is rapidly expanding, driven by increased Government Collaboration: Strengthening ties with global demand for unmanned naval security solutions. AI and IoT-based remote UAE, GCC, and European defense
Slide 40: IDT – Overview
IDT – Overview The Innovation, Defense, and Technology (IDT) division is the company’s most technologically advanced segment, encompassing: • Unmanned Surface Vehicles (USVs) & Integrated Logistics Support (ILS) – AI-powered vessel autonomy, smart fleet management, and predictive maintenance for def
Slide 41: IDT - Financials
IDT - Financials IDT Segment revenue grew at a CAGR of 4.1% 2021-2024 CAGR 4.1% 64.2 From 2021 to 2024, the revenue was 56.9 primarily generated through technical 46.7 45.7 support contracts with both Government and Private customers. In 2021, revenue included one-time build contracts alongside ongo
Slide 42: Thank you!
Thank you! Investor Relation Contacts: Reem Allamadani Board Secretary & Investor Relations Officer Email Address : reem@alseermarine.com Mobile No : +971 509834603 Company Website chapter title
Slide 43: Appendix
Appendix
Slide 44: Fleet Information – Commercial Shipping
Fleet Information – Commercial Shipping Length Overall x Gross Sr.No IMO Vessel Name Type of Vessel Year of build Net Tonnage DWT (M/T) Owned by Operational From Remark Breadth Extreme Tonnage 1 9698434 CERES ONE BULK CARRIER 2017 181 x 30 m 12,725 37,914 ASM 2021 NA 23,689 JV (ASM Nautical 51% & B
Slide 45: ASM – EBITDA Reconciliation
ASM – EBITDA Reconciliation AEDmn FY2020 FY2021 FY2022 FY2023 FY2024 Net Profit 34 2,516 1,009 (1,025) (1,469) Add: FVTPL Loss / (Gain) - (2,462) (912) 1,087 1,573 Add: Tax Expenses - - - - 4 Add: Interest Expenses (COGS) 0 0 19 71 69 Add: Interest Expenses (G&A) - - 55 57 69 Add: Depreciation of pr
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