Elm Company · TADAWUL:7203
Elm — H1 2024 Earnings Presentation
16 slides from Elm's earnings presentation, Aug 5, 2024
Slide 1: Earnings Call Presentation H1 2024
Earnings Call Presentation H1 2024 Riyadh, 5 August 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Elm solely for informational purposes. The presentation may contain or include statements that are, or may be deemed to be, “forward-looking statements”. Any forward-looking statements reflect the Company’s current view with respect to future events
Slide 3: With you today
With you today Dr. AbdulRahman Aljadhai Mr. Mohammad Alomair Mr. Othman Altwaijri Mr. Ibrahim Almuhanna Chief Executive Officer Group Chief, Business Digital Chief Financial Officer Head of Investor Relations Products (Incoming CEO ) 3
Slide 4: Agenda
Agenda H1 2024 Highlights Financial Performance 2024 Guidance
Slide 5: Financial Highlights
Financial Highlights H1 24 Revenue (Mn SAR) Revenue YOY Change 3,406 26.5% H1 24 EBIT (Mn SAR) EBIT YOY Change 798 14.4% H1 24 Net Profit (Mn Net Profit YOY Change SAR) 831 19.5% 5
Slide 6: Key Highlights
Key Highlights Strong growth across Gov’t products Gov’t Products 10year agreement has been Growth in BPO due to executed projects signed creating business sustainability and potential growth in Gov’t Products Business Products Expansion on International business portfolio ▪ Exploring the targeted s
Slide 7: Agenda
Agenda H1 2024 Highlights Financial Performance 2024 Guidance
Slide 8: P&L Highlights
P&L Highlights Professional Services Business Process Outsourcing SAR Millions Digital Businesses Gross Profit Margin Revenue by Business Segment Gross Profit by Business Segment Key Highlights +27% +19% › Consistent Revenue expansion: Digital business and Business process outsourcing 3,406 1,361 co
Slide 9: P&L Highlights
P&L Highlights SAR Millions EBIT +14% Key Highlights -58 -31 20 798 › EBIT remains strong: EBIT increased 698 215 -45 despite increased operating expenses, with a positive impact of ECL reversals. › Strong Net profit growth: Net profit increased significantly, driven by Higher H1 2023 Gross Profit G
Slide 10: Digital Business
Top 6 Products Digital Business Other Products Gross Profit Margin SAR Millions Revenue Gross Profit Products Revenue Key Highlights › Continuous Revenue growth: Revenue increased across the majority of the products +22% +21% +26% portfolio. 2,424 1,132 2,267 › Margin dynamics: while products and se
Slide 11: Business Process Outsourcing
Gross Profit Margin Business Process Outsourcing SAR Millions Revenue Gross Profit Key Highlights › Accelerated growth: BPO revenue surged, +44% +6% driven by new projects expansion and 917 217 increased deliverables. 204 › Gross profit growth with decrease in Profitability: Gross profit increased a
Slide 12: Professional Services
Gross Profit Margin Professional Services SAR Millions Revenue Gross Profit Key Highlights › Revenue decrease: Professional services +21% revenue declined, primarily due to decreased -10% 73 12 revenue from ongoing projects. 65 › Profitability expansion: Despite the revenue 10 decrease, gross profit
Slide 13: Balance Sheet and Cash Flow Highlights
Balance Sheet and Cash Flow Highlights SAR Millions Cash Balance Movement Receivable (Number of Days) Key Highlights 149 151 › Strong Cash generation: Despite 142 the increase in receivable days and decrease in payable days, Cash flow from operation, exceeds net profit to reach 120%. This was 1,602
Slide 14: Agenda
Agenda H1 2024 Highlights Financial Performance 2024 Guidance
Slide 15: Guidance
Guidance YE 2024 H1 2024 YE 2024 Guidance Actual Guidance Update Revenue Growth 16% - 18% 27% 22% - 24% EBIT Margin 22% - 24% 23% Unchanged Cash Flow from Operating 80% - 90% 120% Unchanged Activities as % of Net Income 15
Slide 16: Thank you
Contact Information Investor Relations Department Tel: +(966) 11 461 8500 Email: ialmuhanna@elm.sa Investor Relations Website Click here Thank you Elm IR Application