Elm Company · TADAWUL:7203
Elm — H1 2023 Earnings Presentation
15 slides from Elm's earnings presentation, Aug 14, 2023
Slide 1: Results Presentation H1 2023 Earnings Call
Results Presentation H1 2023 Earnings Call Abdulrahman Aljadhai, CEO Othman Altwaijri, CFO Riyadh, 14th August 2023 www.elm.sa
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Elm solely for informational purposes. The presentation may contain forward looking statements, which reflect Elm’s beliefs or current expectations and assumptions regarding the future of the business, future plans and strategies, projections, antici
Slide 3: 1. Key Highlights
1. Key Highlights 2. Financial Performance 3. 2023 Guidance
Slide 4: H1 2023 Key Highlights
H1 2023 Key Highlights SAR Revenue Net Profit 2.7 (Bn) 695 (Mn) SAR 26% 56% % Najiz Center for Judicial Services Strong growth across all Digital Business products Al-Ukhdood Archaeological Hajj and Umrah Thee Ain Heritage Village 4
Slide 5: Key Growth Areas
Key Growth Areas Product Growth through added value services and new products Growth in new sectors Hajj & Umrah Entertainment Sports Tourism Culture A leading company in KSA specializing in government digital transformation Inorganic growth Synergies: › Access to new sectors and customers › Leading
Slide 6: 2. Financial Performance
1. Key Highlights 2. Financial Performance 3. 2023 Guidance
Slide 7: P&L Highlights
P&L Highlights Revenue by Business Segment Gross Profit by Business Segment SAR Millions SAR Millions +26% +34% 2,692 1,146 2,131 852 1,986 1,367 938 630 674 630 194 203 89 77 28 6 H1 2022 H1 2023 H1 2022 H1 2023 +40.0% GP Margin +42.6% Digital Business Business Process Outsourcing Proffessional Ser
Slide 8: P&L Highlights
P&L Highlights EBIT Net Profit SAR Millions SAR Millions +45% +56% 51 695 294 (52) 216 (16) (25) (17) 15 698 482 444 H1 2022 Gross G&A S&M ECL Dep, Amrt H12023 H1 2022 EBIT Zakat Others H1 2023 Profit and imp. Key Highlights › Increase in EBIT and Net profit due to strong revenue growth. › Increase
Slide 9: Digital Business
Digital Business Revenue Gross Profit Products Revenue SAR Millions SAR Millions SAR Millions +45% +49% +50% 1,986 938 +54% 1,821 1,367 630 1,211 1,486 962 +35% 249 335 H1 2022 H1 2023 H1 2022 H1 2023 H1 2022 H1 2023 +46.1% GP Margin % +47.2% Top 6 Products Others Key Highlights › Strong revenue and
Slide 10: Business process Outsourcing
Business process Outsourcing Revenue Gross Profit Breakdown of BPO Revenue SAR Millions SAR Millions SAR Millions +4% -7% 674 194 203 630 11 241 +43% 619 433 H1 2022 H1 2023 H1 2022 H1 2023 H1 2022 H1 2023 +28.8% GP Margin % +32.2% COVID Projects Others Key Highlights › Revenue decreased due to COVI
Slide 11: Professional Services
Professional Services Revenue Gross Profit SAR Millions SAR Millions -14% -78% 89 28 77 6 H1 2022 H1 2023 H1 2022 H1 2023 31.3% GP Margin % 8.0% Key Highlights › Revenue and Gross profit decreased due to the completion of major projects with higher margins. 11
Slide 12: Balance Sheet and Cash Flow Highlights
Balance Sheet and Cash Flow Highlights Cash Balance Movement Receivable SAR Millions Number of Days 166 526 (263) 149 140 1,062 210 589 2021 2022 H1 2023 Payable YE 23 Beg CF from CF from CF used in Jun-23 End Number of Days Cash Bal. Operating Investing Financing cash Bal. 58 Key Highlights 49 44 ›
Slide 13: 3. 2023 Guidance
1. Key Highlights 2. Financial Performance 3. 2023 Guidance
Slide 14: 2023 Guidance Unchanged
2023 Guidance YE 2023 H1 2023 YE 2023 Guidance Actual Guidance Update 14%-16% 26% 21%-23% Revenue Growth 19%-21% 26% 22%-24% EBIT Margin 80%-90% 30% Unchanged CFO as % of Net Income 14
Slide 15: Thank you
Elm Contact Investor Relations Department Thank you Ibrahim Almuhanna Head of Investor Relations Tel: +(966) 11 461 8500 Email: ialmuhanna@elm.sa Visit our Website (click here) www.elm.sa