Bindawood Holding Company · TADAWUL:4161
Bindawood — Q1 2021 Earnings Presentation
16 slides from Bindawood's earnings presentation, May 10, 2021
Slide 1: Earnings Call Q1 2021
EARNINGS CALL Q1 2021 10th May 2021 BinDawood Holding HQ Jeddah, KSA
Slide 2: Disclaimer
Disclaimer This presentation has been prepared for information and background purposes only. It has not been independently verified, and no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information contained herein, and no re
Slide 3: Today's Presenters
Today’s Presenters Ahmad Abdulrazzaq BinDawood Muhammad Salim Patka Hassan Javaid Chief Executive Officer Chief Financial Officer Head of Investor Relations (interim)
Slide 4: CEO Message
1°) n DAWOOD HOLDING CEO Message
Slide 5: CEO Message: Q1 2021 Overview
CEO Message Q1 2021 Overview It has been a tough start to the year as the local Saudi grocery retail market continues to remain subdued. It is heartening to see some green shoots of recovery but overall, we see a return to pre- Covid sales only in the second half of 2021. Our revenue for Q1 2021 is
Slide 6: Q1 2021 Financial and Operational Highlights
Q1 2021 Financial and Operational Highlights Financial Highlights (SAR) Operational Highlights Revenue: Customer footfall in Danube fell by -24.6% as compared 1,124.4M +1.0% sequential growth to Q1 2020 and by -14.5% on a sequential basis. The -20.4% decline vs. Q1 2020 decline for BinDawood was -33
Slide 7: Q1 2021 Trading Performance
Q1 2021 Trading Performance 02
Slide 8: Q1 2021 Trading Update (1/4)
Q1 2021Trading Update (1/4) Revenue Bridge (Q1 2020 vs Q1 2121) & (Q4 2020 vs Q1 2021) Amounts in SAR 'M Amounts in SAR 'M 16.4 88.9 9.4 8.9 1,113.2 7.3 14.4 160.6 1,124.4 55.7 1,413.2 1,124.4 Q1 2020 Haramain LFL of Danube LFL of 2020 Stores Q1 2021 Q4 2020 Haramain LFL of Danube LFL of 2020 Stores
Slide 9: Q1 2021 Trading Update (2/4)
Q1 2021Trading Update (2/4) Financial Performance (SARm) Revenue Gross Profit 1,413 452 359 373 1,113 1,124 32% 33.2% 32.3% 34% 32% 36% Q1 Q4 Q1 Q1 Q4 Q1 33% 33% 2020 2021 32% 2020 2021 o 1% Sequential growth in Q1 2021 versus Q4 2020. Growth primarily driven by BinDawood stores (+5.6%), principally
Slide 10: Q1 2021 Trading Update (3/4)
Q1 2021 Trading Update (3/4) Profitability (SARm) Adjusted EBITDA Net Income Adjusted CFO Adj. CFO1/ 75% 126 258 Adj. 716 133% EBITDA2 170% 197 176 9% 438 62 57 18% 18% 262 16% 6% 5% 18% 19% Q1 Q4 Q1 Q1 Q4 Q1 Q1 FY Q4 Q1 2020 2021 2020 2021 8% 2020 2021 8% 8% 21% 12% 18% 18% 21% 18% 18% 16% • Adjust
Slide 11: Q1 2021 Trading Update (4/4)
Q1 2021 Trading Update (4/4) Key Cashflow and Balance Sheet Items (SARm) • Trade Working Capital (TWC)1 o Trade Working Capital reduced sequentially 213 573 639 by SAR 66m, reflecting a conscious management decision to reduce inventory TWC levels notwithstanding purchases effected in Inventory Q1202
Slide 12: Concluding Remarks & Q&A
Concluding Remarks & Q&A 04
Slide 13: Our Strategy and Concluding remarks
Our Strategy and Concluding remarks Key Focus Areas Forward Look 2021 Revenue o Continue organic growth by opening 5-6 stores per year as originally Expand Store planned. Additionally, aggressively considering further expansion in light Performance is expected to Network of the changing economic, co
Slide 14: Appendix: Additional Materials
Appendix: Additional Materials 05
Slide 15: Q1 2021 Key Share Data
Q1 2021 Key Share Data 140 SAR 112.4 BDH Shareholding Structure (+17% vs. IPO price of SAR 96) 120 33% Akasiya Star Trading 100 32 32 37 33 33 Company12% Limited 20.0% % % 8% % 9% % % 80 7% Abdullah Dawood Bin 60 5.6% Dawood Sons & Partners Company 40 6.8% Commercial Growth 67.6% 20 Development 0 Pu
Slide 16: Sinead! u
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BinDawood Holding Company — Q1 2021 Earnings Presentation on 6ix