Gulf Cables And Electrical Industries Group Co.(k.s.c.p) · KSE:CABLE
Gulf Cables And Electrical Industries Group Co.(k.s.c.p) — Gulf Cable & Electrical Industries Co. K.S.C.P — FY2021 Earnings Presentation
19 slides from Gulf Cables And Electrical Industries Group Co.(k.s.c.p)'s earnings presentation, Apr 7, 2022
Slide 1: Gulf Cable & Electrical Industries Co. k.s.cp
Gulf Cable & Electrical Industries Co. k.s.cp =) ede AiljaS|| Cilolicllg GWISU Syldll AS pis cables that pulse with life alae dl Ref: GC/ 219 / 2022 : aay Date: 07 APR 2022 : pli M/S.: Boursa Kuwait Company Greeting, nalysts/Investors Conference Presentation for 2021 Subje As per requirements stipul
Slide 2: Investors Presentation
Investors Presentation Year Ended 31 December 2021 ع.ك.م.شركة الخليج للكابالت والصناعات الكهربائية ش Gulf Cable & Electrical Industries Co. K.S.C.P
Slide 3: Disclaimer
Disclaimer FORWARD-LOOKING STATEMENTS The information set out in this presentation and provided in the discussion subsequent thereto does not constitute an offer or solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information onl
Slide 4: Our Vision
Our Vision ACHIEVE GCC PRODUCT INNOVATION LEADERSHIP AND EXPAND OUR PREMIER POSITION IN OUR CORE MARKETS, WHILE DELIVERING ABOVE-MARKET GROWTH, SUPERIOR PROFITABILITY AND STRONG CASH FLOW GENERATION TO PROVIDE SHAREHOLDERS WITH ATTRACTIVE RETURNS, YET MAINTAIN ABSOLUTE INTEGRITY AND IN CONFORMITY WI
Slide 5: Contents
Contents ▪ Performance Highlights ▪ Financial Overview ▪ Appendix 4
Slide 6: Performance Highlights
Performance Highlights Total Revenue1 EBITDA Net Profit EPS +2.6% +144% +188% +185% 81.3m in 2021 19.4m in 2021 16.1m in 2021 77 Fils in 2021 79.3m in 2020 7.9m in 2020 5.6m in 2020 27 Fils in 2020 Production Assets Equity Dividend Metric Ton (‘000’) +56% +22% +20% -39% 316.4m in 202
Slide 7: Financial Overview - Group
Financial Overview - Group Sales & Contracting Revenue Sales & Contracting Revenue Net Profit Breakdown by Country Million - KWD Breakdown by Country Million - KWD 90 2021 80 76.2 18 16.1 70 68.5 22% 16 Kuwait 14 60 Jordan 12 50 78% 62.8 53.3 10 40 8 15.0 30 2020 6 5.6 20 18% 4 10 15.2 5.8 13.4 Kuwa
Slide 8: Financial Overview - Gulf Cable Kuwait
Financial Overview - Gulf Cable Kuwait Breakdown of Cable Sales by Sector 2020 2021 Export Export Sector Sales - Million KWD 4% Sector Local Public 6% Local Public Sector Sector 45 34% 25% 40 39.0 Local Private 34.5 Local Sector 35 Private 69% Sector 30 62% 25 21.3 Description (Million, KWD) 2020 20
Slide 9: Financial Overview - Production and Sales by Weight
Financial Overview - Production and Sales by Weight Sales Breakdown by Product (weight) Quantity in (‘000’) Metric Ton 70 60 57.1 Sales Breakdown by Product (Weight) 2020 MT 2021 MT % Change 50 Medium Voltage Cables 20,607 6,637 -67.8% 40 36.5 Low Voltage and Other Cables 33.7 36,452 27,130 -25.6% 3
Slide 10: Financial Overview - Ratio Analysis
Financial Overview - Ratio Analysis Ratios FY2020 FY2021 Change Profitability Gross Profit Margin - % 11.5% 19.8% 8.3% ▪ Group’s gross profit margin increased from 11.5% to 19.8% between 2020 to 2021. This was partly due to reduced cost of sales and due to EBITDA Margin - % 10.4% 28.3% 17.9% the
Slide 11: Financial Overview - Financial Position & Cash Flow Statements
Financial Overview - Financial Position & Cash Flow Statements Financial Position Cash Flow Statement Dec. 2020 Dec. 2021 Change % Change FY2020 FY2021 Change % Change (Million, KWD) (Million, KWD) Non-Current Assets 105.0 229.3 124.3 118.5% Profit From Operations 5.6 16.1 10.5 189.9% Current Assets
Slide 12: Financial Overview – Investment in Associates
Financial Overview – Investment in Associates NIC HEISCO Team Holding GC Ownership % 25.4% 28.3% 47.5% ▪ During 2021, the Group acquired a 25.4% stake in National Investments Co. (NIC) and a 28.3% stake in Heavy Engineering Industries & Total Net Assets Value 216.8m 68.9m 2.6m Shipbuilding Co. (HEIS
Slide 13: Financial Overview - Investments at FVOCI
12 Financial Overview - Investments at FVOCI Investment Portfolio Breakdown Investments Geographical Breakdown Million - KWD Million - KWD 140 129.1 140 129.1 120 130 100 96.7 54.4 120 80 110 33.2 51.8 60 100 96.7 2.7 0.0 40 74.7 90 20 44.9 31.2 18.5 80 0 70 5.2 2020 2021 2.9 4.7 local Foreign 60 3.
Slide 14: Appendix
Appendix
Slide 15: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 31 Dec. 2021 31 Dec. 2020 31 Dec. 2021 31 Dec. 2020 Assets (KWD) Liabilities (KWD) Non-current assets Non-current liabilities Goodwill 3,603,180 - Provision for employees’ end of service 4,410,937 3,929,186 Property, plant and equipment 9,771,992 7,160,67
Slide 16: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss 31 Dec. 2021 31 Dec. 2020 31 Dec. 2021 31 Dec. 2020 Revenue (KWD) Profit before taxation and Directors’ 17,533,040 6,438,383 remuneration Sales and contracting revenue 68,490,740 76,148,034 Taxes relating to overseas subsidiary (279,744) - Cost of revenue (54
Slide 17: Common Size Analysis - Consolidated Statement of Financial Position
Common Size Analysis - Consolidated Statement of Financial Position 31 Dec. 2021 31 Dec. 2020 31 Dec. 2021 31 Dec. 2020 Assets (KWD) Liabilities (KWD) Non-current assets Non-current liabilities Goodwill 1.14% - Provision for employees’ end of service benefits 1.39% 1.94% Property, plant and equipmen
Slide 18: Common Size Analysis - Consolidated Statement of Profit or Loss
Common Size Analysis - Consolidated Statement of Profit or Loss 31 Dec. 2021 31 Dec. 2020 31 Dec. 2021 31 Dec. 2020 Revenue Profit before taxation and Directors’ Sales and contracting revenue 100.00% 100.00% 25.60% 8.46% remuneration Cost of sales and Contracts with Customers -80.20% -88.50% Gross p
Slide 19: Thank You
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