Agility Public Warehousing Co. K.S.C. · KSE:MKHZN
Agility Public Warehousing Co. K.S.C — Agility Public Warehousing Company — FY2018 Earnings Presentation
17 slides from Agility Public Warehousing Co. K.S.C's earnings presentation, Feb 21, 2019
Slide 1: Agility Earnings Call Presentation - Full Year 2018 Results
21 February 2019 Agility Earnings Call Presentation Full Year 2018 Results
Slide 2: Disclaimer
Disclaimer This presentation is strictly confidential and is being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose. This presentation has been prepared by Agility Public Ware
Slide 3: Agenda
Agenda 1 Financial Highlights 2 Business Segments 3 Agility’s Outlook 4 Q&A 3
Slide 4: 2018 highlights
2018 highlights Agility Highlights GIL Infrastructure • Solid group performance in 2018 despite market • GIL outperformed the market in challenges both air and ocean volumes • Positive results in 2018 aligned with the roadmap set for each • Double digit EBITDA growth • GIL continues to invest in its
Slide 5: FY 2018 Group financial performance
FY 2018 Group financial performance KD Mn Another year of healthy growth Revenue Net Revenue +143.2 (+10.2%) +27.9 1,550.2 (+5.9%) 1,407.0 497.8 469.9 Margin Margin 33.4% 32.1% 2017 2018 2017 2018 EBITDA Net Profit +19.6 +12.6 (+14.5%) (+18.4%) 154.8 81.1 135.2 68.5 Margin Margin Margin Margin 9.6%
Slide 6: FY 2018 Group financial performance: contribution by Business Group
FY 2018 Group financial performance KD Mn Revenue contribution by Business Group EBITDA contribution by Business Group Y-o-Y +6.3% +17.2% +14.5% +8.6% +14.9% +10.2% Growth 154.8 1,550.2 17.5 53.8 2.1 135.2 35.9 1,407.0 2.1 91.5 (23%) 33.8 GIL (25%) 1,153.1 1,061.6 (74%) GIL (75%) 119.0 101.5 (77%) I
Slide 7: Balance Sheet
Balance Sheet KD Mn Maintaining a strong balance sheet Balance sheet FY 2018 FY 2017 Variance % Current assets 584.8 530.5 54.3 10.2% • Healthy balance sheet, Non-Current assets 1,258.3 1,198.5 59.9 5.0% with ability to leverage Total assets 1,843.2 1,728.9 114.2 6.6% future growth Current liabiliti
Slide 8: Statement of Cash Flows
Statement of Cash Flows KD Mn Investing in the business to capture profitable growth opportunities Cash Flow Statement FY 2018 FY 20171 Variance % 75 100 94 269 100% Cash from Operating activities before 156.8 129.3 27.5 21.3% ALP 8.4% changes in working capital 20.5% 19.7% Changes in working capita
Slide 9: Business Segments
Business Segments Agility
Slide 10: GIL financial performance – FY 2018
GIL financial performance – FY 2018 KD Mn Financial Highlights Regional Revenue Contribution +91.5 (+8.6%) 22% 20% 18% (248) Growth 1,153.1 (211) AME 1,061.6 Revenue 31% EUR 33% 4% (361) (347) ASP MEA 31% 33% (331) 14% (378) 2017 2018 16% 14% (172) -3% (166) 2017 2018 +12.4 (+4.9%) 263.9 Service Rev
Slide 11: Infrastructure Group financial performance – FY 2018
Infrastructure Group financial performance – FY 2018 KD Mn Solid performance across all key entities +53.8 (+15.0%) 412.0 358.2 FY 2017 +17.5 FY 2018 (+17.2%) 118.9 101.5 Revenue EBITDA1 Revenue growth Y/Y 6.7% 33.7% -1.9% 17.3% 12.3% Development and Transport, storage and Commercial real estate Gro
Slide 12: Agility's Outlook
Agility’s Outlook 12
Slide 13: Agility's Outlook: EBITDA target $800 Mln
Agility’s Outlook EBITDA $ 800 Mln On Track to Achieve Target, Timeline Could Extend Beyond 2020 13
Slide 14: Growth aimed towards our 2020 Target
2020 Goal Growth aimed towards our 2020 Target Profitability Key Guidance given in 2016 FY 2018 2017 A 2016 A EBITDA Growth Expect to grow at double digit rate 15% 17% 15% Operating Cash Growth KD 98 Mn KD 93 Mn1 KD 81 Mn To grow in line with EBITDA growth (+5%) (+15%) (-23%) Cash/Balance Sheet Free
Slide 15: IFRS-16: What has changed?
IFRS-16 What has changed? Impact on 2018 numbers if it was implemented 1. No distinction between Operating BALANCE SHEET and finance leases going forward. Total Assets ~+5% Total Liabilities ~+12% 2. All Qualified Operating leases will be Equity No impact captured in the balance sheet 3. Right of us
Slide 16: Agility Value Creation Trajectory
Agility Value Creation Trajectory Created KD 1,051 Mn in value for our shareholders with 24% IRR since 2011 Value Growth - 842 KD Mn (80%) Dividends - KD 209 Mn (20%) 179 +17% 1,438 335 +45% 160 19 137 204 318 254 +18% +35% 38 17 +1,051 +48% 96 41 -272 170 (271%) 176 225 34 +46% -234 30 387 147 -27%
Slide 17: Q&A Session
Q&A Session 17
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