Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — Q1 2022 Earnings Presentation
27 slides from Quest Holdings Sa's earnings presentation, May 23, 2022
Slide 1: Corporate IR Presentation
Corporate IR Presentation Based on 3M 2022 Financial Results
Slide 2: 3M 2022 Results
01.3M 2022Results Overview Financial Performance Outlook 2
Slide 3: Quest Group at a Glance (3M 2022)
Quest Group at a Glance (3M 2022) ▪ €265m Revenues 30 Countries 41 years 2.374 ▪ €17m EBITDA International Activity (est. in 1981) Headcount ▪ €14m EBT ( ~19% of revenue) ▪ €269m Equity Active in : Revenues Track Record 2018 -2022 ▪ Commercial Activities1 € 162m ▪ Revenue CAGR 23% ▪ IT Services € 42
Slide 4: 3M 2022 Highlights
Quest Group 1 Consolidated Sales οn Continued Operations : +16,1%, Ebitda +18,4%, EBT +21,3% , EAT +17,5% 3M 2022 Highlights 2 Interim Dividend distribution of ~ €45m (€1,25/ share) completed on February 2022 ACS sales mildly decreased, EBT flat due the decrease of e-commerce compared to last 3 year
Slide 5: P&L (3M 2022)
P&L (3M 2022) Amounts in ,000 € 3M 2022 YoY % YoY % 3M 2021 Explanations/Clarifications: Continued Discontinued Cont. Continued Discontinued Total Operat. Total Total Operations operations Operations operations ▪ Sales growth was primarily driven by Sales 238.057 27 265.189 16,1% 22,8% 205.028 10.99
Slide 6: P&L (3M 2022)
P&L (3M 2022) Amounts in ,000 € 9,2% 9,5% EBITDA 20.000 8,5% 10,0% 8,5% 6,4% 8,0% 15.000 2022 VS 2018 6,0% 10.000 18.368 +58% 16.877 4,0% 4years CAGR 11.845 12.559 300.000 SALES 5.000 10.691 2,0% +12% 2022 VS 2018 250.000 - 0,0% 2018 2019 2020 2021 2022 +129% 200.000 4years CAGR 150.000 EBITDA EBITD
Slide 7: Balance sheet (3M 2022)
Balance sheet (3M 2022) Amounts in ,000 € Group Balance Sheet 3M 2022 12M 2021 Tangible & intangible assets 114.082 110.354 Right-of-use assets 27.647 18.669 Goodwill 20.152 19.350 Other 37.790 37.544 Non-current assets 199.670 185.917 Inventories Trade & other receivables 82.207 186.263 56.618 177.
Slide 8: Cash Flow (3M 2022)
Cash Flow (3M 2022) Amounts in ,000 € Group Cash Flow 3M 2022 3M 2021 EBT 13.955 13.928 Depreciation/Amortization 2.626 3.924 Interests Expense / (income) 1.647 1.688 WoC (Change in Inventories, Receivables, Payables) (3.305) (43.827) Tax paid (313) (3.866) Other operating activities (2.928) (2.464)
Slide 9: Commercial Activities Segment
Commercial Activities Segment* Info/Overview 3M Financial Results ▪ Largest distributor of H/W and S/W products in Greece Amount in ,000€ 3M 2022 YoY % 3M 2021 ▪ €618m revenue in 2021 Sales 161.989 22% 132.880 ▪ 40%+ of ICT distribution Market in Greece EBITDA 6.075 19% 5.098 ▪ Certified Greek partn
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 2022 YoY % 3M 2021 ▪ €153m revenue in 2021 Sales 42.060 13% 37.186 EBITDA 4.396 61% 2.726 ▪ 30+ countries of operations % sales 10,5% 7,3% ▪ ~50% International reve
Slide 11: Courier & Postal Segment
Courier & Postal Segment Info/Overview 3M Financial Results ▪ Largest Local Courier in Greece (~ 24% Μ. Share ) Amount in ,000€ 3M 2022 YoY % 3M 2021 ▪ €135m revenue in 2021 Sales 31.941 -4% 33.174 ▪ Leading Alternative Postal Operator in Greece (~7% Μ. Share) EBITDA 4.869 -2% 4.963 ▪ 60+m shipments
Slide 12: Renewable Energy Segment & Other
Renewable Energy Segment & Other Info/Overview 3M Financial Results ▪ €9,3m revenue in 2021 due to 2019 investments Amount in ,000€ 3M 2022 YoY % 3M 2021 ▪ Quest Energy owns 16 photovoltaic parks of 28MW Sales 2.066 16% 1.788 power EBITDA 1.569 5% 1.494 ▪ Quest Holdings(QH): Parent Company, operates
Slide 13: Segment Contribution in Sales & Ebitda (3M 2022)
Segment Contribution in Sales & Ebitda (3M 2022) Amounts in ,000 € Commercial Courier & Electronic IT Services Energy & Other Payments Total Group Activities Postal Discontinued Operations 161.989 42.060 31.941 2.066 27 17,7% 13,4% 0,9% 0,0% Sales 238.084 68,0% 6.075 4.396 4.869 1.569 -32 9,3% -0,2%
Slide 14: Segment Analysis 3M 2022
Segment Analysis 3M 2022 Amounts in ,000 € Discontinued 3M 2022 (€ x 1.000) Commercial Activities ΙΤ Services Courier & Postal Renewable Energy Unallocated Continued operations Total operations Total gross segment sales 184.969 42.287 32.182 2.054 126 261.618 27 261.645 Inter-segment sales (22.981)
Slide 15: 2022 Outlook
Group Outlook For the FY 2022, a mild growth in sales and a compression of profit margins which will lead to 1 the same or slightly lower profitability is estimated . The current outlook assumes that there will 2022 Outlook be no further deterioration of the economy, the war in Ukraine, the inflatio
Slide 16: Appendix
02. Appendix Other Corporate info More Financial Data 16
Slide 17: Quest Group at a Glance (12M 2021)
Quest Group at a Glance (12M 2021) ▪ €948m Revenues 30 Countries 40 years 2.329 ▪ €76m EBITDA International Activity (est. in 1981) Headcount ▪ €136m EBT ( ~19% of revenue) ▪ €259m Equity Active in : Revenues Track Record 2017 -2021 ▪ Commercial Activities1 € 618m ▪ Revenue CAGR 21,4% ▪ IT Services
Slide 18: Segment Analysis 12M 2021
Segment Analysis 12M 2021 Amounts in ,000 € Discontinued 12M 2021 (€ x 1.000) Commercial Activities ΙΤ Services Courier & Postal Renewable Energy Unallocated Continued operations Total operations Total gross segment sales 691.438 154.859 137.566 9.255 510 993.628 31.948 1.025.576 Inter-segment sales
Slide 19: Operating Model
Operating Model INVESTMENT IN HAND’S ON MAJORITY SHAREHOLDER DIVERSIFIED PORTFOLIO MARKET LEADERS MANAGEMENT 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
Slide 20: Value Created to Investors
Value Created to Investors 7 2.900 Quest share value (€) Market Cap* 6 € 618m 2.400 General Index 5 Aggregate Capital Return/ Dividends to the Shareholders 1.900 4 (2018-2022) ** 3 1.400 € 81m 2 900 1 400 0 RoE (=EBT/Total Equity) 2017 2018 2019 2020 2021 2022 60,0% 40,0% Free Float 52,6% 24,73% The
Slide 21: Resilience in challenging times
Resilience in challenging times Amounts in million € 1000 Sales 800 Market Cap 948 900 700 800 600 700 721 600 500 600 500 400 498 400 436 300 300 388 353 295 315 200 200 283 100 100 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 2022 EBITDA 160 Capital Return 80 76 142
Slide 22: Growth Drivers
Growth Drivers Mobility Cloud & IoT E-Commerce International Markets Commercial Networks Renewable Energy M&A Inorganic Growth 22
Slide 23: 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 24: Corporate Governance
Corporate Governance ▪ The management and operation of the Quest Group is based Goals on a modern, dynamic and flexible Corporate Governance By applying the core principles of Corporate Governance, the model. company has set the following goals: ▪ Group Corporate Governance: ✓ Is in line with Greek
Slide 25: Sustainability & ESG Strategy
Sustainability & ESG Strategy Strategic ESG Focus ▪ Governance: Responsible and Ethical Entrepreneurship, Full ▪ Sustainable Development is a strategic focus for Quest Group Compliance with Group Policies and Regulations committed to supporting the 17 UN Sustainable Development Goals ▪ Environment:
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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