Qatar National Cement Co. · QSE:QNCD
Qatar National Cement — FY2020 Earnings Presentation
16 slides from Qatar National Cement's earnings presentation, Feb 1, 2021
Slide 1: Financial Summary for Year ended 31 Dec 2020
Financial Summary for Year ended 31 Dec 2020 Feb 01, 2021 Doha, Qatar Qatar National Cement Co. (Q.P.S.C)
Slide 2: Table of Contents
TABLE OF CONTENTS •Company Profile •Financial Highlights and Financial Performance •Other Financial Information •Outlook
Slide 3: Disclaimer
Disclaimer The information contained herein has been prepared by Qatar National Cement Co. Q.P.S.C (QNCD). QNCD relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. This presentation has been prepared for information purposes only a
Slide 4: Company Profile
Company Profile •Established in 1965 with Emiri Decree No. 07. •Major Producer and Seller of OPC,SRC Cement and Washed Sand in the State of Qatar. •4 Cement Plants, 2 Sand Washing Plants and Calcium Carbonate Plant. •Total Cement Production Capacity of 19,000 T.P.D. •Total Sand Washing Plant Product
Slide 5: Major Shareholders
Major Shareholders Shareholder Name Total Securities Ownership % Owned QATAR INVESTMENT AUTHORITY 160,469,890 24.55% QATAR GENERAL RETIREMENT AND 104,829,160 16.04% SOCIAL INSURANCE AUTHORITY AL-MANA CAPITAL HOLDING 34,748,680 5.32% QATAR GENERAL MILITARY RETIREMENT 34,662,030 5.3% AND SOCIAL INSURA
Slide 6: Ownership Breakdown
Ownership Breakdown No. of Investor by Nationality Ownership % by Nationality Qatari 2,876 GCC 79 Foreginers 183 Arab 149 Qatari 95.72% GCC 1.38% Foreigners 2.09% Arab 0.81%
Slide 7: Significant Achievement
Significant Achievement • Cover market demand for all types of cement, washed sand and calcium carbonate. • Maintain the realization of energy consumption and reduce other costs, by stopping operations at cement plants (4) and (5) since the beginning of April 2020. • Explored new opportunities, whic
Slide 8: Income Statement for the Year ended Dec 31, 2020
Income Statement for the Year ended Dec 31,2020 (All amounts in Qr. (000)) 2020 2019 % Sales 659,622 703,036 (6) Cost of Sales (494,119) (515,501) (4) Gross Profit 165,503 187,534 (12) Other Income 23,380 32,522 (28) Selling & Dis. Exp (16,755) (6,453) 160 G&A exp (24,255) (32,864) (26) Share of pro
Slide 9: Financial Performance for the Year ended 31 Dec 2020: Revenue and Cost
Financial Performance for the Year ended 31, Dec 2020 (All amounts in Qr. (000)) Revenue 800000 6% drop in revenue driven by following: 700000 •Reduction in volumes due to market demand which is partly compensated by increase in revenue from 600000 trading products. 500000 Cost of Revenue 400000 Rev
Slide 10: Quarterly analysis of Revenue & Cost of Sales
Financial Performance for the Year ended 31, Dec 2020 (All amounts in Qr. (000)) Quarterly analysis of Revenue & Cost of Sales 250000 The sales picked up in the Q4 after the 200000 removal of covid- 150000 19 restriction and introduction of 100000 incentive scheme. 50000 0 Q1 2020 Q2 2020 Q3 2020 Q4
Slide 11: Financial Performance: Gross Profit and Net Profit
Financial Performance for the Year ended 31, Dec 2020 Gross Profit 28% 12% drop in GP driven by following factors: •Reduction in volumes due to market demand and 27% spread of COVID-19. 26% Net Profit 25% 14% drop in NP is mainly due to reduction in other 24% GP NP income which is partially offset b
Slide 12: Financial Performance: Current Ratio and Equity to Assets
Financial Performance for the Year ended 31, Dec 2020 Current ratio Curr. ratio Current ratio increased to 4.5 times as compare to 3.01. 5.00 During the Q1 2020, the company had paid USD 25m i.e. last 4.00 installment of loan and increase in cash and cash equivalents. 3.00 2.00 Curr. Ratio 1.00 - 20
Slide 13: Strong Dividend Payout History
Strong Dividend Payout History Distributions% 70% Bonus Dividend Dividend Shares 60% Sr# Description Distribution Amount (QAR) % % 50% 1 2020 20 0.2 - 40% 2 2019 30 **0.3 - Distributions% 3 2018 50 5 30% 4 2017 45 4.5 - 20% 4 2016 50 5 10 5 2015 50 5 10 10% 6 2014 50 5 10 0% 7 2013 60 6 - 2020 2019
Slide 14: Net Worth
Net Worth Net worth Qr. 3,500,000,000 3,000,000,000 2020 2,500,000,000 2019 2018 2,000,000,000 2017 2016 1,500,000,000 2015 2014 1,000,000,000 2013 2012 500,000,000 - 2020 2019 2018 2017 2016 2015 2014 2013 2012 •The company had repaid its loan fully in the Q1 2020.
Slide 15: Share Capital
Share Capital Share Capital Qr. 700,000,000 600,000,000 500,000,000 400,000,000 Share Capital Qr. 300,000,000 200,000,000 100,000,000 - 2020 2019 2018 2017 2016 2015 2014 2013 2012 •The company had issued 10% bonus shares 3 times in the last 6 years.
Slide 16: Outlook
OUTLOOK • The company’s management is looking for fruitful projects to utilize the available production capacity, which will achieve a rewarding economic return for the company. • Rationalizing production costs as much as possible, especially in the consumption of gas, electricity, consumables and o