Bindawood Holding Company · TADAWUL:4161
Bindawood — Q4 & FY2022 Earnings Presentation
21 slides from Bindawood's earnings presentation, Apr 3, 2023
Slide 1: Earnings Presentation Q4 & FY2022
EARNINGS PRESENTATION Q4 & FY2022 3rd April 2023 | BinDawood Holding HQ | Jeddah, KSA
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared for information and background purposes only. It has not been independently verified, and no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information contained herein, and no re
Slide 3: Today's Presenters
TODAY’S PRESENTERS Ahmad AR. BinDawood Muhammad Salim Patka Hassan Javaid Chief Executive Officer Chief Financial Officer Director Finance and Head of Investor Relations 3
Slide 4: About the Company
ABOUT THE COMPANY 4
Slide 5: About the Company
ABOUT THE COMPANY BinDawood Holding (4161, BDH) is one of the leading grocery retail operators in the Kingdom of Saudi Arabia. The Company has a total of 84 stores, of which 54 are Hypermarkets, 27 are Supermarkets, and 3 are Express stores, with each of these being strategically located across KSA
Slide 6: BinDawood Holding at a Glance
BINDAWOOD HOLDING AT A GLANCE: RETAIL BinDawood: Danube: Popular grocery hypermarkets Premium supermarket brand and supermarkets in KSA and with exclusive imported goods well known for international in KSA a and one in Bahrain. pilgrims FUTURE TECH RETAIL Ykone S.A.S: IAC: Global tech-enabled influe
Slide 7: Management Message
MANAGEMENT MESSAGE 7
Slide 8: CEO Message
CEO MESSAGE “2022 can be defined as a year when investments across technology, inventory management and talent yielded better results in terms of revenue growth, supported by a rebound in customer footfall. We registered more than 3 million customers in our loyalty program in less than one year, wit
Slide 9: CEO Message
CEO MESSAGE Looking ahead, we're focusing on capturing customer behavior and targeting customers by enhancing their experience in the loyalty program. With peak inflation now behind us at a global level, we anticipate higher seasonality driven investment in customer engagement programs and product o
Slide 10: Total Stores Added
TOTAL STORES ADDED 10
Slide 11: Stores Added During FY2022
STORES ADDED DURING FY2022 78 6 84 22 Total Stores Stores added Total Stores at Online Dark Stores at the end of 2021 in FY2022 end of 2022 as of today 52 26 54 27 3 Hypermarkets Supermarkets Hypermarkets Supermarkets Express Stores ● Company opened its first international store in Bahrain in FY2022
Slide 12: Trading Update
TRADING UPDATE 12
Slide 13: Revenue Bridge: FY2022 vs FY2021 & Q4FY22 vs Q4FY21
REVENUE BRIDGE: FY2022 VS FY2021 & Q4FY22 VS Q4FY21 78.8 1,318.3 Revenue for FY2022 increased by 11.7% vs FY2021 due to: Gradual return of pilgrims following the lifting of the travel ban (post-pandemic) during Hajj and Umrah. BinDawood store sales were higher at 27.1% versus Danube store sales at
Slide 14: Transactions and Basket Size
TRANSACTIONS AND BASKET SIZE Transactions in millions Basket Size in (SAR) 49.2 110 107 40.5 104 100 25.5 96 23.8 20.1 20.4 93 H1'21 H1'22 H2'21 H2'22 FY'21 FY'22 H1'21 H1'22 H2'21 H2'22 FY'21 FY'22 • Total transactions increased by +21.5% in FY’22 v FY’21 due to the return of pilgrims and increase
Slide 15: FY 2022 Trading Update: Financial Performance
FY 2022 TRADING UPDATE Financial Performance (SARm) Revenue (SARm) Gross Profit Margin & Gross Profit (SARm) Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q4FY21 4,897.0 4,382.2 32.6% 31.0% 26.0% 27.9% 25.4% 1,437.1 1,438.9 2,247.2 2,396.1 2,135 2,500.9 1,069 761.8 383.7 32.6% 31.8% 29.9% 29.3% 32.8% H1'21 H1'22 H2'2
Slide 16: FY 2022 Trading Update: Profitability
FY 2022 TRADING UPDATE Profitability (SARm) Adjusted EBITDA (SARm) Net Income (SARm) 698 240.6 593 440 354 124.7 107.8 181 65.5 59.8 15.4% 14.8% 12.3% 12.1% 15.9% 5.6% 4.5% 1.7% 2.5% 5.5% Q1'22 H1'22 9M'22 FY'22 FY'21 Q1'22 H1'22 9M'22 FY'22 FY'21 • Decline in Adjusted EBITDA in 12M’22 both in absol
Slide 17: FY 2022 Trading Update: Cashflows
FY 2022 TRADING UPDATE Cashflows (SARm) Cashflow KPI Adjusted CFO/Adjusted EBITDA Adjusted EBITDA 593 698 Trade Working Capital 392 H1'22 151% 601 Adjusted CFO 730 H2'22 82% 579 Dividend 177 143 12M'22 123% Cash & Cash Equivalents 509 484 12M'21 83% FY'22 FY'21 Robust Cashflow Generation Adj Cashflo
Slide 18: FY 2022 Trading Update: Trade Working Capital
FY 2022 TRADING UPDATE Trade Working Capital (TWC)1 Key Cashflow and Balance Sheet Items (SARm) 601 437 479 360 392 Trade Working Capital 445 370 438 405 441 Trade Working capital decreased by -34.7% mainly on account of 818 951 894 844 877 increase in payables. Other factors impacting TWC were: Acc
Slide 19: Concluding Remarks & Q&A
CONCLUDING REMARKS & Q&A 19
Slide 20: Concluding Remarks & Q&A
CONCLUDING REMARKS & Q&A • Roll out 6-7 new stores across all three formats – Hypermarkets, Supermarkets and Express stores. Organic Growth • Strategic focus on major cities in Central and Western Regions that are witnessing high customer growth. Open Hajj, Repeat • Open Hajj in 2023 & KSA’s aspirat
Slide 21: Thank You
THANK YOU BinDawood Holding Headquarters, KSA Al-Madinah Al-Munawarah Rd, Al Naeem, Jeddah 21530 P.O. Box 51190 JEDDAH-21543 +966 12 605 3557 21
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