Elm Company · TADAWUL:7203
Elm — FY2022 Earnings Presentation
19 slides from Elm's earnings presentation, Mar 13, 2023
Slide 1: Results Presentation FY 2022 Earnings Call
Results Presentation FY 2022 Earnings Call Abdulrahman Aljadhai, CEO Othman Altwaijri, CFO Riyadh, 13st March 2023 www.elm.sa
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Elm solely for informational purposes. The presentation may contain forward looking statements, which reflect Elm’s beliefs or current expectations and assumptions regarding the future of the business, future plans and strategies, projections, antici
Slide 3: Agenda: Key Highlights
1. Key Highlights 2. Financial Performance 3. 2023 Guidance 4. Appendix
Slide 4: 2022 Key Highlights and 2023 Outlook
2022 Key Highlights and 2023 Outlook 2022 2023 SAR 4.6bln Revenue Key growth drivers for 2023 and beyond in … 20% Enhancing the existing products as will as adding a new value-added services. SAR 930 mln Net Profit Broaden the M&A portfolio to expand in current markets and access new ones. 64% Expan
Slide 5: Financial Performance
1. Key Highlights 2. Financial Performance 3. 2023 Guidance 4. Appendix
Slide 6: P&L Highlights
P&L Highlights Revenue by Business Segment Gross Profit by Business Segment SAR Millions SAR Millions +20% +43% 4,606 1,885 3,827 1,322 3,140 2,102 1,456 792 1,635 1,301 538 399 90 165 -8 30 2021 2022 2021 2022 +34.6% GP Margin +40.4% Digital Business Business Process Outsourcing Proffessional Servi
Slide 7: P&L Highlights
P&L Highlights EBIT Net Profit SAR Millions SAR Millions +58% +64 % 358 (11) 17 930 563 (67) (59) (39) (36) (4) 972 615 567 Gross G&A ECL S&M Impairment D&A 2021 EBIT Zakat Others 2022 2021 Profit 2022 Key Highlights › Increase in EBIT and Net profit due to strong revenue growth. › Increase in G&A a
Slide 8: P&L Highlights
P&L Highlights Revenue Trend Gross Profit Trend SAR Millions SAR Millions +14% 548 5% 1,308 486 440 1,167 413 1,069 1,092 1,039 326 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 +30.5% +40.3% +39.7% +41.6% +41.9% GP Margin % Key Highlights › Continuous revenue growt
Slide 9: Digital Business
Digital Business Revenue Gross Profit Products Revenue SAR Millions SAR Millions SAR Millions +49% +84% +54% 3,140 1,456 +34% 2,832 2,103 792 1,838 1,965 +133% 1,466 867 372 2021 2022 2021 2022 2021 2022 +37.7% GP Margin % +46.4% Top 5 Products Others Key Highlights › Strong revenue growth across cu
Slide 10: Business process Outsourcing
Business process Outsourcing Revenue Gross Profit Breakdown of BPO Revenue SAR Millions SAR Millions SAR Millions -20% 1,635 -26% 1,301 538 767 399 398 +4% 868 903 2021 2022 2021 2022 2021 2022 +32.9% GP Margin % +30.7% COVID Projects Others Key Highlights › The decrease in revenue was due to the co
Slide 11: Professional Services
Professional Services Revenue Gross Profit SAR Millions SAR Millions +100% +83% 30 165 90 2021 2022 -8 2021 2022 -8.7% GP Margin % +18.3% Key Highlights › Growth in revenue due to increase in number of projects. › Positive Gross profit and Gross profit margin led by growth in revenue and enhanced co
Slide 12: Balance Sheet Highlights
Balance Sheet Highlights Cash Balance Movement Receivable SAR Millions Number of Days 1,706 (1,731) 211 166 1,362 (748) 149 589 2020 2021 2022 Payable Beg Cash Operating Investing Financing End cash Number of Days bal. 2022 Activities Activities Activities Bal. 2022 58 Key Highlights 49 44 › Positiv
Slide 13: 2023 Guidance
1. Key Highlights 2. Financial Performance 3. 2023 Guidance 4. Appendix
Slide 14: 2023 Guidance
2023 Guidance 2022 2023 Guidance Actual Guidance Revenue Growth 10% - 12% 20% 14%-16% EBIT Margin 18% -21% 21% 19%-21% CFO as % of Net ≈100% 181% 80%-90% Income 14
Slide 15: Appendix
1. Key Highlights 2. Financial Performance 3. 2023 Guidance 4. Appendix
Slide 16: Appendix - Reclassification
Appendix - Reclassification Year End 2022 Re-class effect (*) Year End 2021 Re-class effect (*) SAR Millions SAR Millions Item Before Reclass. After Reclass. Diff Item Before Reclass. After Reclass. Diff Gross profit 1,750 1,886 Up 136 Mil. Gross profit 1,195 1,323 Up 128 Mil. Gross Margin 38.0% 40.
Slide 17: Appendix – Reclassification 2021
Appendix – Reclassification 2021 Year End 2021 Re-class effect SAR Millions 17
Slide 18: Appendix – Reclassification 2022
Appendix – Reclassification 2022 Year End 2022 Re-class effect SAR Millions 18
Slide 19: Thank you
Elm Contact Investor Relations Department Ibrahim Almuhanna Head of Investor Relations Tel: +(966) 11 461 8500 Email: ialmuhanna@elm.sa Visit our Website (click here) Thank you,, www.elm.sa