Slide 1: FY 2023 Financial Summary Conference Call
FY 2023 Financial Summary Conference Call Doha, Qatar February 7, 2024
Slide 2: Consolidated Income Statement – Full Year
Consolidated Income Statement – Full Year (All amounts in QR Millions) 2021 2022 2023 Operating Revenue 2,784 3,285 2,942 Salaries, Wages and Other Benefits (603) (632) (650) Revenue -10% Operating Supplies and Expenses (1,328) (1,563) (1,284) Rent Expenses (7) (8) (11) Operating Profit before Impai
Slide 3: Activities by Segment
Activities by Segment • Port Services • Vessel Charter & • LNG Transport • Heavy Equipment • Real Estate Operations and Truck Agency Development and • Container Shipping • LPG Transport Management • Subsea Services • Bunker Distribution • Warehousing & • Engineering & • Floating Storage and • Strate
Slide 4: Net Profit, by Segment
Net Profit, by Segment – Full Year (All amounts in QR Millions) Unfavorable Favorable %’s shown vs 2022 +19% 674 565 496 +165% 284 +112% 239 199 -116% 166 159 +55% 90 78 (2) (47) (5) (12) Maritime & Offshore Gas & Petrochem Trading Capital Logistics (118) 2021 2022 2023 4
Slide 5: Statement of Income, by Segment – FY 2023
Statement of Income, by Segment – FY 2023 (All amounts in QR Millions) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 927 1,376 244 270 437 - (313) 2,942 Salaries, Wages & Benefits (347) (104) (29) (20) (13) (137) - (6
Slide 6: Statement of Income, by Segment – FY 2022
Statement of Income, by Segment – FY 2022 (All amounts in QR Millions) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 1,404 1,212 219 327 540 - (415) 3,285 Salaries, Wages & Benefits (346) (93) (26) (16) (12) (139) - (
Slide 7: Segment Performance – Maritime & Logistics
Segment Performance – Full Year (All amounts in QR Millions) Maritime & Logistics 2021 2022 2023 34% Decrease in Revenue and 116% Decrease in Net Profit Operating Revenue 1,118 1,404 927 o Operating Revenue decreased QR (477)m Salaries, Wages and Other Benefits (357) (346) (347) • Container shipping
Slide 8: Segment Performance – Offshore Marine
Segment Performance – Full Year (All amounts in QR Millions) Offshore Marine 2021 2022 2023 14% Increase in Revenue and 112% Increase in Net Profit Operating Revenue 964 1,212 1,376 o Operating Revenue increased QR 164m Salaries, Wages and Other Benefits (81) (93) (104) • Higher project income/margi
Slide 9: Segment Performance – Gas & Petrochem
Segment Performance – Full Year (All amounts in QR Millions) Gas & Petrochem 2021 2022 2023 12% Increase in Revenue and 19% Increase in Net Profit Operating Revenue 254 219 244 o Operating Revenue increased by QR 25m Salaries, Wages and Other Benefits (21) (26) (29) • 17m increase from FSO (which be
Slide 10: Segment Performance – Trading
Segment Performance – Full Year (All amounts in QR Millions) Trading 2021 2022 2023 17% Decrease in Revenue and 55% Increase in bottom line Operating Revenue 309 327 270 o Decreased sales of bunker and heavy equipment were more than offset Salaries, Wages and Other Benefits (13) (16) (20) by higher
Slide 11: Segment Performance – Capital
Segment Performance – Full Year (All amounts in QR Millions) Capital 2021 2022 2023 19% Decrease in Revenue and 165% Increase in Net Profit Operating Revenue 415 540 437 o QR (102)m decrease in Revenue: Salaries, Wages and Other Benefits (11) (12) (13) • -140m decrease in Qatar Quarries gabbro sales
Slide 12: Outlook – Maritime & Logistics
Outlook Maritime & Logistics ➢Container Shipping • Shipping rates are expected to remain under pressure, especially with the expected new vessel capacity coming online. ➢Logistics • The unit is faced with a highly competitive and challenging environment; focus is on efficiency gains and strong sales
Slide 13: Outlook – Offshore Marine
Outlook Offshore Marine ➢Offshore Support Vessels / Services • Expect to see steady strong performance on the back of strong Oil & Gas activities in Qatar and from our continued focus on scaling up specialized subsea services and MMO (Maintenance, Modification & Operations) ➢Harbor Operations • Expe
Slide 14: Outlook – Gas & Petrochem
Outlook Gas & Petrochem ➢Jointly & Fully owned LNG carriers • Stable earnings due to long term fixed nature of contracts ➢1 Fully-owned FSO • Asset is employed on a long-term contract so expect stable earnings ➢Results from Associates • Expect stable growth from our Nakilat stake ➢Gulf LPG VLGC Join
Slide 15: Outlook – Trading
Outlook Trading ➢Continued focus on the growth of ship chandlering and other marine services ➢Focus on margin improvement across the segment 15
Slide 16: Outlook – Capital
Outlook Capital ➢Limited Investments volatility • Continued focus on yield enhancement of the financial portfolio ➢Stable results expected from our Real Estate holdings 16