Gulf International Services Qsc · QSE:GISS
Gulf International Services Qsc — Gulf International Services — Q3 2019 Earnings Presentation
27 slides from Gulf International Services Qsc's earnings presentation, 2019
Slide 1: Investor Relations Presentation Q3, 2019
Gulf International Services Investor Relations Presentation Q3, 2019
Slide 2: Disclaimer
DISCLAIMER The companies in which Gulf International Services Q.P.S.C. directly and indirectly owns investments are separate entities. In this press release, “GIS” and “the group” are sometimes used for convenience in reference to Gulf International Services Q.P.S.C. This presentation contains forwa
Slide 3: About GIS
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Slide 4: About GIS
About GIS • Gulf International Services Q.P.S.C. was • The authorized share capital is QR 2 billion with incorporated as a Qatari joint stock an issued share capital consisting of 1.85 Billion company on February 12, 2008. ordinary shares and 1 special share, with 49% of the market capitalization as
Slide 5: Group Structure
Group Structure • Through group companies, Gulf International Services operates in four distinct segments - insurance and reinsurance, drilling, helicopter transportation and catering services. • Qatar Petroleum owns 10% of GIS shares, and General Retirement and Social Insurance Authority owns 22%.
Slide 6: Board of Directors
Board of Directors The Board of Directors of the group consists of: Sheikh Khalid Khalifa Al Thani Chairman Mr. Suleiman Haider Al-Haider Vice Chairman Mr. Ghanim Mohammed Al Kuwari Member Mr. Mohammed Abdulla Al-Mannai Member Sheikh Jassim Abdulla Al-Thani Member Mr. Saad Rashid Al-Muhannadi Member
Slide 7: Competitive Advantages
Competitive Advantages • The only Qatari drilling • Sole provider of helicopter services provider in Qatar. services in Qatar • Maintaining market share of • Largest operator in the over 50% of offshore and MENA. 100% on shore. • Modern and well maintained • Modern fleet with proven track fleet. rec
Slide 8: Results at a glance (2012-2018)
Results at a glance (2012-2018)
Slide 9: Results at a Glance (2012-2018)
Results at a Glance (2012-2018) Revenue (QR million) Net profit (QR million) Revenue peaked in 2015 with overall movement in line with crude oil prices • Net profit dropped after the peak due to increase in financing costs • Total Assets increased in 2014 due to the acquisition of 30% of GDI • Total
Slide 10: Results at a glance (Year-to-date, Q3, 2019)
Results at a glance (Year-to-date, Q3, 2019)
Slide 11: Results at a Glance
Results at a Glance For the period ended 30 September 2019 Revenue (QR million) Net profit (QR million) EBITDA (QR million) Revenue up by 18% ● Increase Net profit down on last year ● Reduction EBITDA marginally down compared noted across all segments, except driven mainly by the insurance segment.
Slide 12: Net Profit
Net Profit For the period ended 30 September 2019 o Revenue: Significantly up compared to last year by 18%, o Finance Costs: Higher finance costs up by 8%, primarily the insurance segment is the main contributor to the as a result of higher interest rates. positive variance, alongwith the aviation a
Slide 13: Dividend and Market Statistics
Dividend and Market Statistics
Slide 14: Dividend Record and Market Statistics (2008-2018)
Dividend Record and Market Statistics (2008-2018) Dividend Per Share Payout Ratio (%) 5.50 1.70 2.00 277% 1.30 1.30 1.50 1.30 1.00 1.00 38% 40% 40% 44% 93% 62% 48% 23% 0.00 0.00 0% 0% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Market Cap (QAR Billion) 17.84 12.37 7.81 4.16 3.85 4.46 5.30
Slide 15: Segmental Details
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Slide 16: Slide 16
Slide 17: Segmental Details: Aviation Segment
Segmental Details Aviation Segment Gulf Helicopter Company (GHC) is one of the leading commercial aviation service provider. With global footprints extending from Europe , Africa, Middle East, and South Asia with a fleet of 54 aircrafts; GHC has 2 Direct subsidiaries: • Al Maha Aviation Company:
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Slide 19: Segmental Details: Insurance Segment
Segmental Details Insurance Segment Alkoot insurance, incorporated in 2003, is mainly engaged in business of medical and general insurance and reinsurance activities, except for vehicle insurance & insurance against risk of death and accidents. In 2008, QP transferred the ownership of Al-Koot to
Slide 20: PRE
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Slide 21: Segmental Details: Drilling Segment
Segmental Details Drilling Segment Gulf Drilling International (GDI) incorporated in 2004 as a joint venture between Qatar Petroleum (60%) and Japan Drilling Company (40%). In 2014, GIS acquired the remaining stake of GDI, resulting in GDI becoming a wholly owned subsidiary of GIS. GDI is a wo
Slide 22: Slide 22
Slide 23: Segmental Details: Catering Segment
Segmental Details Catering Segment Amwaj Catering Services Company, incorporated in 2006 as a wholly-owned subsidiary of Qatar petroleum Amwaj was subsequently acquired by GIS in 2012. Amwaj Provides diverse services which include: • Business & Industrial catering • Corporate Hospitality & VIP
Slide 24: Governance Structure
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Slide 25: Governance Structure
Governance Structure Board Structure Governance and Compliance • GIS Board of Directors consists of seven • GIS is firmly committed to implementing the (7) Directors, three (3) Directors of whom principles of good governance set out in the were appointed by the Special Governance Code for Companies
Slide 26: Governance Structure
Governance Structure Remuneration • Board of Directors Disclosure and Transparency • The Company has developed a periodically • The Board ensures that all disclosures are made in revisited remuneration policy for Board accordance with the requirements set by regulatory members. The policy has fixed
Slide 27: For further information, Gulf International Services can be contacted
For further information, Gulf International Services can be contacted as follows: Telephone: (974) 4013 2080 Fax: (974) 4013 9750 Email: gis@qp.com.qa Address: PO Box 3212, Doha, State of Qatar Please refer to www.gis.com.qa for the latest information, publications, press releases and presentations
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