El Sewedy Electric Company · EGX:SWDY
El Sewedy Electric — EFG Hermes one-to-one conference, Dubai, September 2022
20 slides from El Sewedy Electric's conference presentation, September 2022
Slide 1: Elsewedy Electric Presentation
1 ELSEWEDY ELECTRIC PRESENTATION EFG Hermes one-to-one conference Dubai – September 2022 W W W . E L S E W E D Y E L E C T R I C . C O M elsewedyelectric.com @elsewedyelectric
Slide 2: Disclaimer
Disclaimer 2 Certain information contained in this document consists of forward-looking statements reflecting the current view of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or ach
Slide 3: Long Track Record
Long Track Record 3 The Elsewedy Electric name has existed in the market since 1938 as a distributer of electrical equipment, becoming Egypt’s first specialized cables distributor by 1960 and Egypt’s first private manufacturer of cables with the establishment of a production plant in 1984. Over the
Slide 4: Diverse Portfolio
Diverse Portfolio 4 Elsewedy Electric offers a comprehensive range of cabling solutions for residential, industrial, commercial and energy sectors Wires & Cables EPC Technology: Meters & Transformers Investment: Renewables Development W W W . E L S E W E D Y E L E C T R I C . C O M
Slide 5: Strong Geographical Presence & Deep Market Insight
Strong Geographical Presence & Deep Market Insight 5 24 FACTORIES IN AFRICA 5 FACTORIES IN ASIA 2 FACTORY IN EUROPE TOTAL OF 31 PRODUCTION FACILITIES 48 INTERNATIONAL OFFICES 110 EXPORT MARKETS CABLES & RENEWABLE PROJECTS & TRANSFORMERS METERS EXPORT ACCESSORIES ENERGY DEVELOPMENT W W W . E L S E W
Slide 6: Summary of Main Financial & Performance Indicators
Summary of Main Financial & Performance Indicators 6 Total Revenue Gross Profit (EGP bn) EGP 38,964 mn Revenues 21% ▲ 49.8% y-o-y 18% Gross 14% Profit GP Margin 17% 15% 9 8.2 8.4 60.5 7.2 7.1 15% 14% EGP 1,887 mn 46.6 46.4 Net Income 42.9 42.5 5.3 38.9 ▲ 18.7% y-o-y 3.8 24.6 26.0 2016 2017 2018 2019
Slide 7: Summary of Main Financial & Performance Indicators
Summary of Main Financial & Performance Indicators 7 Total Revenue (EGP bn) 25 EGP 20,391 mn Q2 2022 Revenues - ▲ 48.6% y-o-y 20 19.7 20.4 18.6 15 14.9 • Consolidated Revenues grew by 48.6% y-o-y to EGP 20,391 13.7 million in Q2 2022 10 12.3 • 45% of revenues are coming from sales outside Egypt. 5 •
Slide 8: Summary of Main Financial & Performance Indicators (Cont'd)
Summary of Main Financial & Performance Indicators (Cont’d) 8 Gross Profit (EGP bn) GP (bn) GPM • Gross Profit increased by 51.9% y-o-y to reach EGP 2,941 million in Q2 2022, backed by strong growth in wires 3.5 18.0% 15.2% 14.9% 14.4% 16.0% and cables and turnkey projects. 3.0 14.1% 12.4% 11.5% 2.5
Slide 9: Summary of Main Financial & Performance Indicators (Cont'd)
Summary of Main Financial & Performance Indicators (Cont’d) 9 Net Income (after Minority Interest) (EGP bn) • Net Income after Minority Interest: Net Income after Minority (bn) NPM Net Income grew 26.6% y-o-y to EGP 1,126 million in 1.4 6.5% 6.3% 7.0% Q2 2022, up from the net income of EGP 890 milli
Slide 10: Summary of Main Financial & Performance Indicators (Cont'd)
Summary of Main Financial & Performance Indicators (Cont’d) 10 Net Debt (EGP mn) 14,000 • Elsewedy reported a net debt position of EGP 13,083 12,000 13,083 million on 30 June 2022. the increase is driven by mainly the contingency planning efforts deployed in anticipation 10,000 of delays in commodit
Slide 11: Segments Performance: Wires & Cables
Segments Performance: Wires & Cables 11 Wires & Cables Revenue and Profitability (EGP bn) EGP 11.3 bn Backlog as of 30/6/2022 Revenue (bn) Revenue (bn) GP (bn) GPM • Wires & Cables represent the largest top-line contributor. 12.0 14.8% 1.6 16.0% 12.0 10.0 1.4 12.9% 11.3% 14.0% • The segment recorded
Slide 12: Segments Performance: Turnkey EPC
Segments Performance: Turnkey EPC 12 Turnkey Revenue and Profitability (EGP bn) • Turnkey projects brought in 42% of revenues, Revenue (bn) GP (bn) GPM increasing by 43.6% y-o-y to reach EGP 8,646 10.0 1.8 18.0% 20.0% million due to higher execution in Egypt and 1.6 12.1% Tanzania. 8.0 1.4 12.7% 13.
Slide 13: Segments Performance: Transformers & Meters Segments
Segments Performance: Transformers & Meters Segments 13 Transformers Revenue and Profitability (EGP bn) Transformers EGP 2.8 bn Backlog as of 30/6/2022 Revenue (mn) GP (bn) GPM 25.9% 900 120 29.4% 35.0% • Transformers segment grew by 81.3% y-o-y to reach revenues of EGP 800 700 100 14.4% 14.5% 30.0%
Slide 14: Segments Performance: Electrical Products and Renewables
Segments Performance: Electrical Products and Renewables 14 Electrical Products Revenue and Profitability (EGP mn) Other Electrical Products Revenue (mn) GP (mn) GPM • Other electrical products recorded a revenue contribution 54.9% of 1%, 47.7% y-o-y increase to reach EGP 255 million. 400 140 49.3%
Slide 15: Q2 2022 Income Statement
Q2 2022 Income Statement 15 EGP Q2-2022 Q2-2021 Change Sales Wires & Cables 9,669,136,523 6,534,718,795 48.0% Electrical Products 1,978,235,354 1,087,146,590 82.0% Turnkey Projects 8,743,628,392 6,098,374,384 43.4% Total Sales 20,391,000,269 13,720,239,765 48.6% COGS (17,449,731,112) (11,784,131,503
Slide 16: Latest Events
Latest Events 16 1. IFC Partnership: IFC Partners with Elsewedy Electric to expand its manufacturing footprint and increase access to renewable energy in Africa through securing USD150mn loan which will support the Group to invest in several new projects and refinance previous equity acquisitions. H
Slide 17: Sustainability Strategy
Sustainability Strategy 17 As a part of Elsewedy’s plan towards a better environment and community, Elsewedy has announced its sustainability framework which includes 2030 targets to reach our goals in four key pillars; Governance & Economy, Technology & Innovation, Planet & Resources, and finally P
Slide 18: Stock Information
0 20 40 60 100 120 80 1-Jan 2/1/2022 3/1/2022 4/1/2022 5/1/2022 Listing Venue 9/1/2022 10/1/2022 Issued Shares 11/1/2022 12/1/2022 13/01/2022 2,184,180,000 Shares 16/01/2022 17/01/2022 18/01/2022 19/01/2022 20/01/2022 The Egyptian Stock Exchange 23/01/2022 24/01/2022 25/01/2022 26/01/2022 30/01/2022
Slide 19: Thank You
Investor Relations Contact 19 Thank You Investor Relations Contact Information: Ms. Noha Agaiby, Investor Relations Director and Board Secretary Email: noha.agaiby@elsewedy.com W W W . E L S E W E D Y E L E C T R I C . C O M
Slide 20: Q&A
20 Q&A W W W . E L S E W E D Y E L E C T R I C . C O M
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