Alamar Foods Co. · TADAWUL:6014
Alamar Foods — Q4 2024 Earnings Presentation
20 slides from Alamar Foods's earnings presentation, Mar 27, 2025
Slide 1: Earnings Presentation 4Q 2024
Earnings Presentation 4Q 2024
Slide 2: Agenda for today's Earnings Call
Agenda for today’s Earnings Call • FY 2024 Performance Review • 4Q 2024 Performance Highlights • Alamar at a Glance • Transformation Update • Financial Performance 27 March 2025 2
Slide 3: FY 2024 Performance Review
Earnings Presentation – 27 March 2025 FY 2024 Performance Review
Slide 4: We took control amid headwinds and closed 2024 with momentum and resilience
We took control amid headwinds and closed 2024 with momentum and resilience FY 2024 results vs. guidance 1H 2024 3Q 2024 4Q 2024 FY 2024 FY 2024 • FY 2024 guidance was provided in May 2024 and Actual Actual Actual Actual Forecast assumed normalization of the geopolitical situation in 2H 2024. Sales
Slide 5: 4Q 2024 Performance Highlights
Earnings Presentation – 27 March 2025 4Q 2024 Performance Highlights
Slide 6: 4Q 2024 showed strong financial performance and effective execution across core business pillars
4Q 2024 showed strong financial performance and effective execution across core business pillars +5.1 % 12.8% 4x +11 YoY sales growth Adjusted EBITDA YoY increase in Net new corporate at constant FX margin net income store openings during the quarter SAR 229.2 million SAR 29.3 million SAR 20.7 milli
Slide 7: Alamar at a Glance
Earnings Presentation – 27 March 2025 Alamar at a Glance
Slide 8: Leading QSR player in MENA region, backed by strong brands
Leading QSR player in MENA region, backed by strong brands Number of restaurants by brand 93% 5% 601 627 639 62 65 56 Domino’s as % of Dunkin’ as % of 2024 revenue1 2024 revenue1 2022 2023 2024 2022 2023 2024 • Top-line performance in 2024 was impacted by external factors, including geopolitical cha
Slide 9: Advanced digital capabilities, capex-light expansion model and solid cash generation
…with advanced digital capabilities, capex-light expansion model and solid cash generation Alamar is leveraging omni-channel ordering and multiple service … and is well positioned to … supported by strong methods to address evolving consumer preferences… benefit from major trends in digital and deli
Slide 10: Transformation Update
Earnings Presentation – 27 March 2024 Transformation Update
Slide 11: Update on initiatives to accelerate growth, bolster margins and enhance customer experience
Update on initiatives to accelerate growth, bolster margins and enhance customer experience The store opening program, focused on attractive ROI and payback, resumed with the easing of geopolitical tensions. 11 stores New stores opened in 4Q 2024 and around 50 new corporate stores are planned for 20
Slide 12: Financial Performance
Earnings Presentation – 27 March 2024 Financial Performance
Slide 13: 4Q 2024 financial highlights
4Q 2024 financial highlights 229mn 72mn 29mn 21mn SAR SAR SAR SAR Revenues Gross Profit Adj. EBITDA Net Profit +2% YOY +10% YOY +23% YOY +305% YOY 21mn 29mn 20mn 93mn SAR SAR SAR SAR Adj. Net Profit OCF FCF Net Cash +240% YOY -31% YOY -33% YOY -36% YTD 27 March 2025 13
Slide 14: Total store count reached 704 restaurants as of December 2024, up 2.2% YoY
Total store count reached 704 restaurants as of December 2024, up 2.2% YoY Group Store Count by Region 4Q 2024 Group Store Count by Brand +7 +4 +4 0 Brand 4Q 23 4Q 24 YoY Change 280 287 167 167 121 125 121 125 Domino’s 627 639 +12 Dunkin’ 62 65 +3 Corporate KSA Corporate GCC & Corporate NA Non-corpo
Slide 15: YoY revenue growth driven by marketing initiatives, service upgrades, and easing geopolitical headwinds
YoY revenue growth was driven by marketing initiatives, service upgrades, and easing geopolitical headwinds Revenues (SAR mn) 4Q 2024 +2% Share of 4Q 2024 225.7 226.4 229.0 229.2 revenue 206.9 in stable currency 88% -8% +9% +1% +0% 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Revenue performance trends 4Q 2024 Tot
Slide 16: Improved cost agility and operational efficiency lifted margins to the highest level in five quarters
Improved cost agility and operational efficiency lifted margins to the highest level in the last five quarters Adj. EBITDA Margin (%) 4Q 2024 +2.2pp 11.9% 12.7% 12.8% 10.6% Alamar started to execute Marketing initiatives A more agile cost Gross margin gains its transformation plan to 4.9% supported
Slide 17: Quarterly net profit reached its highest level in two years
Quarterly net profit reached its highest level in two years Net Profit (SAR mn) 4Q 2024 EBITDA reconciliation (SAR mn) 4Q 2024 +305% 19.2 20.7 Net Profit 20.7 12.9 5.1 Finance cost, net 0.9 Zakat and income tax 0.7 Depreciation & amortization 26.9 (17.7) Reported EBITDA (IFRS 16) 49.3 4Q 23 1Q 24 2Q
Slide 18: Healthy cash flow and solid balance sheet support a consistent dividend payout
Healthy cash flow and solid balance sheet support a consistent dividend payout FY 2024 Cash flow performance and balance sheet Cash & Cash Equivalents Movement YTD (SAR mn)* • Operating cash flow for the year was SAR 103.8 million, including SAR 29.0 million generated in 4Q 2024, which was in line w
Slide 19: Monthly sales performance shows positive momentum carried into 2025
Monthly sales performance shows positive momentum carried into 2025 Average daily sales - Group (January 2023 = 100%) Ramadan Summer break Ramadan Summer break 2023 2023 2024 2024 105 108 107 100 99 98 99 92 94 93 95 89 91 90 88 89 86 86 87 86 82 81 83 84 83 70 JAN FEB MAR APR MAY JUN JUL AUG SEP OC
Slide 20: Questions & Answers
Questions & Answers ZA