Qatar Navigation Qsc · QSE:QNNS
Qatar Navigation Qsc — Milaha — FY2012 Earnings Presentation
13 slides from Qatar Navigation Qsc's earnings presentation, Mar 20, 2013
Slide 1: Milaha 2012 Performance Conference Call
Milaha 2012 Performance Conference Call March 20, 2013 Doha, Qatar
Slide 2: 2012 vs 2011 – Financial Highlights
2012 vs 2011 – Financial Highlights 2012 vs 2011 Financial Highlights (in QR Millions) 2,500 Revenue up +7% Operating Profit up +25% 2,000 Net Profit up +18% 1,500 1,000 500 - Revenue Operating Profit Net Profit 2011 2012 2
Slide 3: 2012 vs 2011 – Financial Highlights
2012 vs 2011 – Financial Highlights 2012 vs 2011 2012 vs 2011 Revenue Net Profit (in QR 000's) (in QR 000's) +7% +18% 2,500,000 900,000 800,000 2,000,000 700,000 600,000 1,500,000 500,000 400,000 +8% 1,000,000 +2% +20% +56% +10% +18% -2% 300,000 +0% 500,000 200,000 100,000 - - Q1 Q2 Q3 Q4 FY Q1 Q2 Q
Slide 4: 2012 vs 2011 - Comparison
2012 vs 2011 - Comparison (All amounts in QR 000’s, unless otherwise noted) 2012 2011 Variance OPERATING REVENUE 2,353,051 2,191,427 161,624 Salaries, Wages & Benefits (579,872) (518,717) (61,155) Operating Supplies & Expenses (785,789) (784,850) (939) Rent Expense (54,616) (55,972) 1,356 Depreciati
Slide 5: Pillar Overview
Pillar Overview Milaha Maritime & Logistics Milaha Trading • Port Services • Travel & Tourism • Container Shipping • Equipment Trading Agency • Logistics • Marine Equipment Sales & Service • Bulk Shipping • Bunker Sales • Asset Management • Service/Repair Center • Shipyard • Shipping Agencies
Slide 6: Consolidated Statement of Income, by Pillar – 2012
Consolidated Statement of Income, by Pillar – 2012 (All amounts in QR 000’s, unless otherwise noted) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 849,626 551,178 232,023 433,578 596,715 - (310,069) 2,353,051 Salaries
Slide 7: Consolidated Statement of Income, by Pillar – 2011
Consolidated Statement of Income, by Pillar – 2011 (All amounts in QR 000’s, unless otherwise noted) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 703,549 563,065 279,198 451,877 434,226 - (240,488) 2,191,427 Salaries
Slide 8: Pillar Performance
Pillar Performance 21% Revenue Growth and 133% Net Profit Growth vs. 2011 o Strong year for Ports driven by: o Full year revenue stream from Doha Port management contract, including storage revenues o Strong volume growth in both Doha and Mesaieed ports o Increase in Doha Port tariff in Q4 2011 –
Slide 9: Pillar Performance
Pillar Performance 2% Decline in Revenues and 26% 17% Decline in Revenues and 6% Decline in Net Profit vs. 2011 Growth in Net Profit vs. 2011 o 2011 had mobilization revenues for new o Continued weakness in crude tanker contracts which did not recur in 2012 market o Delays in delivery and deploy
Slide 10: Pillar Performance
Pillar Performance 4% Decline in Revenues and 6% 37% Growth in Revenues and 44% Increase in Net Profit vs. 2011 Growth in Net Profit vs. 2011 o Equipment Sales margins improved o Liquidated one fund managed by third vastly, as in 2011 we sold aged inventory party, realizing significant gains at
Slide 11: Outlook for 2013
Outlook for 2013 Macro outlook for the pillar is positive as infrastructure projects take off Port volumes showing upward trend Increased operational efficiency being targeted at Doha Port Increased trade volumes expected to have trickle-down effect on other activities such as shipping agenc
Slide 12: Outlook for 2013
Outlook for 2013 Expected to perform better in 2013 as Tanker markets still volatile, but we are operational issues from 2012 have cautiously optimistic mostly been rectified New ship building prices are enticing; Will assume delivery of 2 Anchor management closely monitoring for Handling Tu
Slide 13: Outlook for 2013
Outlook for 2013 Expected moderate growth, particularly Expect investment portfolio to in trucks and heavy equipment sales, benefit from robust economy which is tied to infrastructure growth We will continue real estate development projects in pipeline in a carefully phased manner 13