Meeza Qstp Llc · QSE:MEZA
Meeza Qstp — H1 2024 Earnings Presentation
13 slides from Meeza Qstp's earnings presentation, Jul 31, 2024
Slide 1: H1 2024 Earnings Call
H1 2024 Earnings Call 31 July 2024 Msheireb Downtown Doha 3rd Floor, Building No. 2, Street 981, Zone 3 Tel: +974 4004 0044 Email: investors@meeza.net P.O. Box 892, Doha Qatar Fax: +974 4004 0004
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by MEEZA QSTP LLC (Public) (the Company) for informational purposes only. Neither this presentation, nor any part of it, may be relied on in connection with, or act as an inducement to, or otherwise as the basis for entering into any contract or commitm
Slide 3: Operations Overview
Operations Overview Mohamed Alghaithani Chief Executive Officer 3
Slide 4: Operational Highlights
Operational Highlights Financials Operations Growth • Revenue growth in higher margin • QR 1.5b in committed contract • MoU signed with AMD for segments – Data Centers (8%) value along with a net sales strategic AI partnership and Managed Services (9%) pipeline of QR 1.3b • MEEZA added to MSCI EM Sm
Slide 5: Financial Results
Operations Financial Results James Corby Chief Financial Officer 5
Slide 6: YTD FY24 Financial Performance | H1 FY24 v H1 FY23
YTD FY24 Financial Performance | H1 FY24 v H1 FY23 Year on Year | QRm (rounded to nearest QR 100k) Revenue Expenses EBITDA Net Profit excl. dep. 19.1% 25.4% 3.6% 0.6% 250.0 250.0 250.0 250.0 221.8 200.0 179.4 200.0 200.0 200.0 78.7 157.7 26.1 7.1% 7.9 3.7 150.0 20.7 150.0 150.0 150.0 7.8 4.2 7.4 117
Slide 7: YTD FY24 Gross Margin Analysis | H1 FY24 v H1 FY23
YTD FY24 Gross Margin Analysis | H1 FY24 v H1 FY23 Year on Year | QRm Managed, Cloud & Total Data Center Workplace Solutions & MSI 100.0 33.1% 35.00% 100.0 50.00% 100.0 50.00% 100.0 50.00% 45.3% 90.0 90.0 45.00% 90.0 45.00% 90.0 45.00% 30.00% 80.0 26.0% 80.0 40.00% 80.0 40.00% 80.0 40.00% 32.0% 31.7
Slide 8: YTD FY24 Financial Performance | Q2 Trend
YTD FY24 Financial Performance | Q2 Trend Quarter on Quarter | QRm Revenue Net Profit 140.0 13.1% 140.0 56.3% 128.2 120.0 111.7 120.0 95.2 100.0 55.7 89.4 100.0 36.9 84.2 18.5 80.0 19.1 7.4 80.0 1.8 1.8 1.9 1.9 5.4 4.0 3.9 4.8 2.2 3.7 3.7 3.6 2.5 60.0 3.5 5.5 60.0 30.3 30.2 31.5 28.2 25.9 40.0 40.0
Slide 9: YTD FY24 Financial Performance | Q2 Efficiencies & Margins
YTD FY24 Financial Performance | Q2 Efficiencies & Margins Year on Year 45.0% 39.3% EBITDA Margin 40.0% • EBITDA margin in FY20 inflated by the NaaS contract 34.5% 34.4% 35.0% 28.6% 37.3% 28.9% • EBITDA margin excluding NaaS increasing by 9.1pp 30.0% 34.4% since FY20 driven by revenue mix and cost 2
Slide 10: YTD FY24 Financial Performance | Capital Expenditure
YTD FY24 Financial Performance | Capital Expenditure QRm CAPEX Return on Capital Employed (Net Profit + Borrowing costs) / Average (Equity + Loans) 63% 300.0 70% 0.2 55% 60% 0.2 250.0 0.2 50% 208.2 0.1 200.0 40% 157.7 0.1 30% 150.0 106.1 0.1 15% 20% 8% 8% 0.1 7% 7% 6% 3% 100.0 10% 139.0 0.1 5% 53.8
Slide 11: YTD FY24 Financial Performance | H1 Cash Flow from Operations
YTD FY24 Financial Performance | H1 Cash Flow from Operations QRm Cash generated from Operations (Net Debt) / Net Cash Cash generated from operations as per statement of cash flows net of lease payments 250.0 230.0 205.7 200.0 180.0 150.0 130.0 115.0 93.3 100.0 87.3 95.0 80.0 55.0 45.3 50.0 30.0 20.
Slide 12: Q&A
Q&A 12
Slide 13: Thank You
Thank You MEEZA Investor Relations Qatar Science & Technology Park Tel: +974 4004 0044 Tech 2, Office # 203, 2nd Floor Email: investors@meeza.net Fax: +974 4004 0004 P.O. Box 892, Doha Qatar