Slide 1: H1 2024 Financial Summary Conference Call
H1 2024 Financial Summary Conference Call Doha, Qatar Aug 14, 2024
Slide 2: Consolidated Income Statement – H1
Consolidated Income Statement – H1 (All amounts in QR Millions) 2022 2023 2024 Operating Revenue 1,774 1,511 1,434 Salaries, Wages and Other Benefits (313) (304) (350) Revenue -5% Operating Supplies and Expenses (858) (615) (509) Rent Expenses (4) (5) (4) Operating Profit before Impairments -8% Depr
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 & • Floating Storage and • Strategic and Logistic
Slide 4: Net Profit, by Segment – H1
Net Profit, by Segment – H1 (All amounts in QR Millions) Unfavorable Favorable +10% %’s shown vs 2023 359 326 307 +9% 182 -18% 178 162 127 116 141 -192% -665% 17 29 (16) (8) (4) 1 Maritime & Offshore Gas & Petrochem Trading Capital Logistics 2022 2023 2024 4
Slide 5: Statement of Income, by Segment – H1 2024
Statement of Income, by Segment – H1 2024 (All amounts in QR Millions) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 394 716 122 102 245 - (145) 1,434 Salaries, Wages & Benefits (152) (90) (15) (13) (7) (73) - (350) O
Slide 6: Statement of Income, by Segment – H1 2023
Statement of Income, by Segment – H1 2023 (All amounts in QR Millions) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 435 717 120 127 266 0 (153) 1,511 Salaries, Wages & Benefits (139) (70) (14) (8) (11) (63) - (304) O
Slide 7: Segment Performance – Maritime & Logistics
Segment Performance – H1 (All amounts in QR Millions) Maritime & Logistics 2022 2023 2024 9% Decrease in Revenue and 192% Decrease in Net Profit Operating Revenue 748 435 394 o Operating Revenue decreased QR (41)m • +26m Shipyard coming from increased project work Salaries, Wages and Other Benefits
Slide 8: Segment Performance – Offshore Marine
Segment Performance – H1 (All amounts in QR Millions) Offshore Marine 2022 2023 2024 Flat Revenue and 18% Decrease in Net Profit Operating Revenue 587 717 716 o Operating Revenue remained flat • +6m Industrial Logistics (transferred to Offshore Marine from Maritime & Salaries, Wages and Other Benefi
Slide 9: Segment Performance – Gas & Petrochem
Segment Performance – H1 (All amounts in QR Millions) Gas & Petrochem 2022 2023 2024 1% Increase in Revenue and 10% Increase in Net Profit Operating Revenue 101 120 122 o Operating Revenue increased by QR 2m Salaries, Wages and Other Benefits (12) (14) (15) o Operating Expenses are up QR (5)m Operat
Slide 10: Segment Performance – Trading
Segment Performance – H1 (All amounts in QR Millions) Trading 2022 2023 2024 20% Decrease in Revenue and 665% Decrease in bottom line Operating Revenue 174 127 102 o Decreased sales of bunker and heavy equipment Salaries, Wages and Other Benefits (8) (8) (13) Operating Supplies and Expenses (161) (1
Slide 11: Segment Performance – Capital
Segment Performance – H1 (All amounts in QR Millions) Capital 2022 2023 2024 8% Decrease in Revenue and 9% Increase in Net Profit Operating Revenue 313 266 245 o QR (21)m decrease in Revenue: Salaries, Wages and Other Benefits (6) (11) (7) • -31m decrease in Qatar Quarries gabbro sales Operating Sup
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; new services ex-China expected to provide some uplift ➢Freight Logistics • The unit is faced with a highly competitive and challeng
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 • Stable results and continued focus on yield enhancement of the financial portfolio ➢Stable results expected from our Real Estate holdings 16