Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — 9M 2017 Earnings Presentation
28 slides from Quest Holdings Sa's earnings presentation, 2017
Slide 1: Corporate Presentation Based on Q3 2017 Financial Results
Corporate Presentation Based on Q3 2017 Financial Results 1
Slide 2: Table of Contents
01. QUEST GROUP OVERVIEW Table of Contents 02. FINANCIAL PERFORMANCE 03. AREAS of ACTIVITY 2
Slide 3: 01. Quest Group Overview
01. QUEST GROUP OVERVIEW 3
Slide 4: Quest Group at a Glance (9M 2017)
Quest Group at a Glance (9M 2017) More than Diversified business 295m 35 years successful Value operations applying active creation track management Revenues track record record (est. in 1981) principles Active in IT Products, IT 1.558 More than Services, Courier/Post , 10 Countries 133m Group Finan
Slide 5: Strategy Building Blocks
Strategy Building Blocks Innovation Customer International Driven Diversification Expansion Human Capital & Values Operational Excellence 5
Slide 6: Share & Shareholders Structure (30/9/2017)
Share & Shareholders Structure (30/9/2017) Free Float 24% Theodoros Total Capital Return to the Eftychia Fessas Koutsoureli 51% Shareholders (2007-2017) 25% € 80.500k 1.600 12 1.400 10 1.200 8 1.000 800 6 96m 600 4 400 Capitalization 2 200 0 0 2012 2013 2014 2015 2016 General Index Quest **Included
Slide 7: 02. Financial Performance
02. FINANCIAL PERFORMANCΕ 7
Slide 8: Quest Group P&L (9months 2017)
Quest Group P&L (9months 2017) Amounts in ,000 € 9M 2017 % 9M 2016 Comments Sales 294.907 10,7% 266.311 EBITDA 26.490 20,6% 21.973 • 9Μ2017 EBT include a €5m provision for Cardlink’s earn out % EBITDA 8,98% 8,25% liability (2020) and one off €1,1m positive effect from EBT 10.792 -17,5% 13.087 Quest
Slide 9: Quest Group P&L (9months 2017)
Quest Group P&L (9months 2017) Amounts in ,000 € SALES 350.000 2017 VS 2013 300.000 +40,6% 250.000 233.936 266.311 294.907 4years CAGR 200.000 220.384 209.685 +8,9% 150.000 100.000 50.000 - 2013 2014 2015 2016 2017 EBITDA EBT 30.000 9,0% 10,0% 14.000 6,0% 8,3% 4,9% 2017 VS 2013 12.000 25.000 6,9% 8,
Slide 10: Quest Group P&L (full year)
Quest Group P&L (full year) SALES Amounts in ,000 € 500.000 400.000 388.227 9M 2017 VS 6M 2016 300.000 353.405 294.652 314.949 294.907 +11% 200.000 266.311 100.000 - 2013 2014 2015 2016 9M 9M 2016 2017 EBITDA EBT 35.000 9,0% 10,0% 8,2% 8,3% 20.000 6,0% 30.000 26.490 4,9% 31.792 8,0% 4,5% 5,0% 25.000
Slide 11: Continuing operations (9months 2017)
Continuing operations (9months 2017) 2016 2017 Sales +13% Sales 260.387 01 294.907 02 01 02 EBITDA 18.764 +41% EBITDA 26.490 EBT 10.398 +4% EBT 10.792 03 03 11
Slide 12: Highlights (9M 2017)
Highlights (9M 2017) Continued to invest in Greece under distressed macro Organic Profitability Growth conditions Significant Capex investments (€14,8m – Cardlink POS network >281k POS) Turnaround of continued loss New Photovoltaic Park (2MW - investment €1,5m) making activities (QoL & UNI TR.) Mino
Slide 13: Quest Group Balance sheet (9M 2017)
Quest Group Balance sheet (9M 2017) Group Balance Sheet 9M 2017 2016 Tangible & intangible assets 71.868 63.040 Goodwill 25.878 25.537 Other 33.705 28.457 Non-current assets 131.451 117.034 Inventories 15.374 17.080 Trade & other receivables Cash and cash equivalents 103.323 57.140 106.941 65.931 31
Slide 14: Quest Group Cash Flow (9M 2017)
Quest Group Cash Flow(9M 2017) Group Cash Flow 9M 2017 9M 2016 EBITDA 26.490 21.973 Depretiation/Amortizations -8.149 -7.791 Financial cost/(income) -2.898 -2.947 Capex(tangible assets) -13.725 -12.123 FCF(ops) 9.867 6.903 Receivables 3.261 -2.384 Inventories 1.705 4.353 Income Tax paid -6.762 -4.39
Slide 15: Outlook
Outlook o Focus on Retaining Profitability and Cost Optimization IT Products o Significant Growth and profit Turnaround of Qonline (You.gr) (Wholesale/ Retail) o Further Exploit Cooperation with Xiaomi / Expand Products line o Focus to Expand Istorm retail network o Focus on Retaining – Improving Pr
Slide 16: 03. Areas of Activity - Segments
03. AREAS of ACTIVITY - SEGMENTS 16
Slide 17: Segment Description
Segment Description IT Products (Wholesale/ Retail) IT Services Courier & Financial Postal Transactions Energy & Largest distributor of H/W and S/W products in #1 system integrator in Greece Other domestic market Largest Local Courier Certified Greek partner of 30+ countries of Leading P
Slide 18: Segment P&L (9months 2017)
Segment P&L (9months 2017) Amounts in ,000 € IT Products Courier & Financial IT Services Transactions Energy & Other Total Group (Wholesale/ Retail) Postal 133.296 61.367 71.414 28.255 575 10 21 0,1% % % Sales 45% 24% 294.907k 3.166 2.438 8.632 11.141 1.116 4% EBITDA 12% 9% 33% 42 % 26.493k EBITDA M
Slide 19: IT Products (Wholesale/Retail) 9months 2017
IT Products (Wholesale/Retail) 9months 2017 Amounts in ,000 € Other cons. entries Total Sales 2017 83.527 9.197 44.599 12.052 (16.080) 133.296 +12% 2016 74.687 7.432 41.336 9.223 (13.226) 119.452 2017 1.498 202 1.189 300 (23) 3.166 EBITDA 2016 1.119 (176) 1.313 179 (19) 2.416 +31% 2017 445 125 1.057
Slide 20: IT Services (9months 2017)
IT Services (9months 2017) Amounts in ,000 € Other Total 2017 61.961 (594) 61.367 Sales 2016 +0% 62.664 (1.022) 61.642 2017 2.438 - 2.438 EBITDA 2016 2.706 (7) 2.699 -10% 2017 1.435 (226) 1.209 -29% EBT 2016 1.875 (164) 1.711 20
Slide 21: Courier & Post (9months 2017)
Courier & Post (9months 2017) Amounts in ,000 € Other cons. entries Total 2017 72.301 (887) 71.414 Sales 2016 64.247 (685) 63.562 +12% 2017 8.596 36 8.632 EBITDA 2016 6.948 39 6.987 +24% 2017 7.774 36 7.811 +24% EBT 2016 6.244 39 6.283 21
Slide 22: Financial Transactions (9months 2017)
Financial Transactions (9months 2017) Amounts in ,000 € Other cons. entries Total 2017 28.268 (13) 28.255 Sales 2016 15.515 (54) 15.461 +83% 2017 11.039 102 11.141 EBITDA 2016 4.574 51 4.625 +141% 2017 (1.325) 101 (1.224) +25% EBT 2016 (1.026) 51 (976) 22
Slide 23: Other Activities (9months 2017)
Other Activities (9months 2017) Amounts in ,000 € Other cons. entries Total Sales 2017 4.183 544 1.100 (5.252) 575 -91% 2016 4.050 6.300 - (4.155) 6.195 2017 EBITDA 2016 3.541 7 569 (3.002) 1.116 +79% 2.204 4.368 - (1.326) 5.246 2017 -72% EBT 2016 3.100 2.258 692 3.973 597 - (3.002) (1.326) 1.387 4.
Slide 24: Segment Analysis 9M 2017
Segment Analysis 9M 2017 Courier & Financial Renewable Total of cont. Discontinued 9M 2017 (€ x 1.000) IT Products ΙΤ Services Unallocated Total Postal Transactions Energy operations operations Total gross segment sales 149.375 61.961 72.454 28.268 544 1.100 313.703 - 313.703 Inter-segment sales (16
Slide 25: Segment Analysis 6M 2017
Segment Analysis 6M 2017 Courier & Financial Renewable Total of cont. Discontinued 6M 2017 (€ x 1.000) IT Products ΙΤ Services Unallocated Total Postal Transactions Energy operations operations Total gross segment sales 97.321 43.361 47.900 14.922 229 944 204.677 - 204.677 Inter-segment sales (10.61
Slide 26: Segment Analysis 3M 2017
Segment Analysis 3M 2017 Courier & Financial Renewable Total of cont. Discontinued 3M 2017 (€ x 1.000) IT Products ΙΤ Services Unallocated Total Postal Transactions Energy operations operations Total gross segment sales 50.094 23.301 23.215 5.971 60 470 103.111 - 103.111 Inter-segment sales (5.441)
Slide 27: Disclaimer
Disclaimer This document might contain estimations and forward-looking statements relating to the Group’s future business, development and economic performance. It also includes statements from sources that have not been independently verified by the Company. Such statements may be subject to a
Slide 28: Thank you
Thank you 28