Bindawood Holding Company · TADAWUL:4161
Bindawood — FY2021 Earnings Presentation
17 slides from Bindawood's earnings presentation, Mar 30, 2022
Slide 1: Earnings Call FY 2021
EARNINGS CALL FY 2021 30th March 2022 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 AR. BinDawood Muhammad Salim Patka Hassan Javaid Chief Executive Officer Chief Financial Officer Head of Investor Relations (interim) 2
Slide 4: CEO Message
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Slide 5: CEO Message: FY 2021 Overview
CEO Message FY 2021 Overview 2021 was never going to replicate 2020, an exceptional year for the industry, driven by pantry buying as a result of the pandemic and the increase in VAT. Despite working hard to minimize uncertainty and complications, the pandemic continued to directly impact our sales.
Slide 6: Trading Update
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Slide 7: FY 2021 Trading Update (1/7): Revenue Bridge FY 2020 vs FY 2021
FY 2021 Trading Update (1/7) Revenue Bridge (FY 2020 vs FY 2021) Amounts in SAR 'M 5,156 11 - 13 22 4,382 518 - 303 - - - - - FY 2020 Haramain Stores LFL of Danube Stores LFL of BinDawood 2020 Stores 2021 Stores FY 2021 Stores o Revenue performance for FY’21 and FY’20 is not strictly comparable due
Slide 8: FY 2021 Trading Update (2/7): Revenue Bridge Q4
FY 2021 Trading Update (2/7) Revenue Bridge (Q4 2020 vs Q4 2021) & (Q3 2021 vs Q4 2021) Amounts in SAR 'M Amounts in SAR 'M 1,078 19 7 1,057 1,113 30 15 3 14 1,057 - 61 1 78 25 - - - - - - - - - - Q4 2020 Haramain LFL of LFL of 2020 Stores 2021 Stores Q4 2021 Q3 2021 Haramain LFL of LFL of 2020 Stor
Slide 9: FY 2021 Trading Update (3/7): Customer Count and Basket Size
FY 2021 Trading Update (3/7) Customer Count and Basket Size Customer Count Basket Size Count in millions 44 40 124 115 23 110 20 21 20 107 104 104 FY'20 H1'20 H1'21 H2'20 H2'21 FY'21 FY'20 H1'20 H1'21 H2'20 H2'21 FY'21 o The reduction in customer count and basket size in H1’20 v H1’21 was mainly due
Slide 10: FY 2021 Trading Update (4/7): Financial Performance
FY 2021 Trading Update (4/7) Financial Performance (SARm) Revenue Gross Profit 5,156 1,672 4,382 1,439 1,170 32.4% 2,961 32.4% 32.8% 32.4% 2,247 2,196 2,135 773 35.2%32.8% 35.2% 34.4% 32.6% 33.2% 32.8% 32.3% 35.2% 373 34.4% 35.2% 34.4% 33.2% 34.4% 33.2% 33.2% 34% 32% 36% FY'20 H1'20 H1'21 H2'20 H2'2
Slide 11: FY 2021 Trading Update (5/7): Profitability
FY 2021 Trading Update (5/7) Profitability (SARm) Adjusted EBITDA1 Net Income 448 936 18.5% 18.2% 698 615 8.7% 15.9% 227 241 18.5% 18.5% 18.5% 412 18.5% 5.5% 18.5% 18.5% 8.7% 157 6.8% 20% 18.4% 15.7% 18.4% 33.2% 8.7% 33.2% 18% 18% 7.0% 197 17% 33.2% 18.5% 18.5% 9.7% 11% 16% 18%18% 62 33% 19.2% 18.5%
Slide 12: FY 2021 Trading Update (6/7): Cash flows
FY 2021 Trading Update (6/7) Cash flows (SARm) Adjusted CFO Adj. CFO1/ Adj. 76% 133% 111% 75% 83% EBITDA2 716 579 456 464 18.5% 18.5% 8.7% 8.7% 15.9% 33.2% 15.7% 8.7% 33.2% 20% 18% 33.2% 18.5% 18% 18.5% 18.5% 9.7% 11% 17% 16% 18%18% 262 33% 19.2% 18.5% 5.5% 33.2% 18.4% 6.8%6.8% 7% 20% 18.4% 7.0% 18.
Slide 13: FY 2021 Trading Update (7/7): Key Cashflow and Balance Sheet Items
FY 2021 Trading Update (7/7) Key Cashflow and Balance Sheet Items (SARm) Trade o Trade Working capital decreased by Working 22.3% which is mainly due to: • Trade Working Capital (TWC)1 Capital 639 573 582 773 600 o Decline in receivables mainly Accounts Accounts TWC Receivables driven by management
Slide 14: Acquisition of Majority Share in E-Grocery Partner
Acquisition of Majority Share in E-Grocery Partner • In March 2022, BDH through a subsidiary, Future Tech Retail, signed an SPA to acquire a majority shareholding in International Background Applications Trading Company (IATC) which was responsible for developing and running its mobile applications
Slide 15: Concluding Remarks & Q&A
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Slide 16: Concluding Remarks & Q&A: Key Focus Areas
Concluding Remarks & Q&A Key Focus Areas o 4 new Danube stores opened. Further 6 stores (including Bahrain & remaining Danube Riyadh store due to open in Q4 2021) are planned to be opened in FY 2022 Expand Store o Bahrain store set to debut in 2022, marking the first international Danube store. Netw
Slide 17: Sinead! vu
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