Asbisc Enterprises Plc · GPW:ASB
Asbisc Enterprises — Q1 2020 Earnings Presentation
24 slides from Asbisc Enterprises's earnings presentation, May 2020
Slide 1: Excellent Quarter in Pandemic Era Proves Strengths of the Group
EXCELLENT QUARTER IN PANDEMIC ERA PROVES STRENGHTS OF THE GROUP Q1 2020 RESULTS
Slide 2: Disclaimer
DISCLAIMER This presentation (the “Presentation”) was prepared by ASBISc Enterprises Plc (the “Company”) with a due care. Still, it may contain certain inconsistencies or omissions. The Presentation does not contain a complete or thorough financial analysis of the Company and does not present its st
Slide 3: ASBIS Q1 2020
ASBIS Q1 2020 20,000 1,796 in 27 active customers in 56 countries 23,000 501 m$ 20 B2B e-shops 5 B2C e-commerce 240 3
Slide 4: Local in 27 countries of EMEA
Local in 27 countries of EMEA CEE FSU Poland Belarus Czech Republic Russia Slovakia Ukraine Hungary Kazakhstan Romania Azerbaijan Bulgaria Georgia Serbia Bosnia MIDDLE EAST Slovenia United Arab Emirates Croatia Cyprus AFRICA Morocco BALTIC Algeria Lithuania Tunis Latvija Egypt Estonia South Africa 4
Slide 5: Vision, Mission and focus areas
VISION: MISSION represented by focus areas: Be the leading Value Add • Develop and Market IT, IoT, AI solutions Distributor, OEM and Solutions Provider of IT, IoT, • Excel in Volume Distribution AI across CEE, FSU, MEA • Great focus to Value Added Distribution • Grow profitably Own Brands • Manage r
Slide 6: ASBIS APR Investments
ASBIS APR INVESTMENTS ACQUSITION DIVIDEND 6
Slide 7: Prestigio
Prestigio peren I SACANYON y ASBIS’
Slide 8: Financial Overview
FINANCIAL OVERVIEW Q1 2020 FINANCIAL RESULTS FY 2020 OUTLOOK BUY-BACK PROGRAM CONTINUED 8
Slide 9: Q1 2020 Key Events
Q1 2020 KEY EVENTS EXCELLENT BUY BACK DIVIDEND MONTHLY DATA PROGRAM Excellent revenue Continuation of the Announcement of a final estimates for January– dividend payment from buy back program. 2019 earnings. March 2020. Strong growth of the By the end of March, 2020 The dividend (US$ 0.075 revenues
Slide 10: Q1 2020 Excellent Quarter
Q1 2020 EXCELLENT QUARTER ▪ Strong growth in revenues. STRONG REVENUES GROSS PROFIT US$ 501 million DIVIDEND US$ 25.4. million MONTHLY DATA ▪ Strong gross profit growth. 2 0 % Yo Y 2 0 % Yo Y ▪ SG&A costs scaled with GP and under control. ▪ Net income strongly GROSS PROFIT NET INCOME improved and re
Slide 11: Q1 2020 Robust Growth in FSU and CEE Regions
Q1 2020 ROBUST GROWTH IN FSU AND CEE REGIONS ▪ FSU region delivered above REVENUES BY REGIONS (US$ m) 53% of revenues in Q1‘20. STRONG REVENUES GROSS PROFIT US$ 571.0 million 700 DIVIDEND US$ 29.3 million MONTHLY DATA 600 ▪ CEE reached US$ 143.8 m, 500 mainly driven by Slovakia 400 and Poland. + 5 .
Slide 12: Q1 2020 Top 10 Countries in Revenues
Q1 2020 TOP 10 COUNTRIES IN REVENUES REVENUES BY COUNTRIES (US$ m) ▪ Russia still remained the REVENUES GROSS PROFIT no. 1 country whileSTRONG US$ 571.0 million DIVIDEND US$ 29.3 million MONTHLY DATA Ukraine followed. 120 ▪ Slovakia in top 3. + 5 . 4 % Yo Y 100 + 11 % Yo Y 80 ▪ Poland with almost US
Slide 13: Q1 2020 High Demand for All Major Product Lines
Q1 2020 HIGH DEMAND FOR ALL MAJOR PRODUCT LINES REVENUES BY LINES (US$ m) ▪ High level of revenues REVENUES GROSS PROFIT from smartphones STRONG 700 business as a result of US$ 571.0 million DIVIDEND US$ 29.3 million MONTHLY DATA 600 500 persistent demand for the 400 newest Apple iPhone. + 5 . 4 % Y
Slide 14: Q1 2020 Excellent Results
Q1 2020 EXCELLENT RESULTS ▪ Strong growth in top-line US$ m Q1‘20 Q1‘19 YoY and gross profit. STRONG REVENUES Revenue GROSS 500.5 417.3PROFIT 20% GrossUS$ profit 571.0 million 25.4 DIVIDEND US$ 29.3 21.1 million 20% MONTHLY DATA ▪ Gross profit margin Gross profit margin 5.1% 5.1% - reached 5.1% in Q
Slide 15: Q1 2020 Robust Revenue Growth
Q1 2020 ROBUST REVENUE GROWTH ▪ Q1‘20 revenues reached REVENUES US$ 501 m, up 20% YoY. STRONG REVENUES GROSS PROFIT US$ 571.0 million DIVIDEND US$ 29.3 million 664 80% ▪ MONTHLY Revenues grew strongly inDATA 600 503 532 571 501 60% 463 463 Q1’20 YoY despite 417 371 40% + 5 . 4 % Yo Y + 11 % Yo Y 400
Slide 16: Q1 2020 SG&A Costs Stay Under Close Monitoring
Q1 2020 SG&A COSTS STAY UNDER CLOSE MONITORING ▪ Selling expenses in Q1‘20 SG&A COSTS (US$ m) grew at a slower pace than STRONG REVENUES GROSS PROFIT revenues. 25 DIVIDEND US$ 571.0 million US$ 29.3 million MONTHLY DATA 20 8,6 15 6,4 4,7 5,7 5,9 7,4 8.0 5,9 ▪ SG&A expenses grew 6,3 by 15.4% YoY main
Slide 17: Indebtedness at Safe Level
INDEBTEDNESS AT SAFE LEVEL ▪ Strong cash position in US$ m Q1’20 Q1’19 YoY seasonally NWC intensive STRONG REVENUES Short term borrowings (no factoring) GROSS 77.5 111.8PROFIT -31% quarter. US$ 571.0 million DIVIDEND US$ 29.3 30.3 million 16% MONTHLY DATA Factoring creditors 35.2 Short term borrowin
Slide 18: Cash Engaged in Working Capital
CASH ENGAGED IN WORKING CAPITAL ▪ High NWC demanding quarter NET WORKING CAPITAL (US$ m) resulted in the need to involve STRONG REVENUES GROSS PROFIT more cash. NWC: DIVIDEND US$42% of sales 571.0 million NWC: US$ 44% million 29.3 of sales MONTHLY DATA 245 188 ▪ Capex comprises of outflows for 169 1
Slide 19: What to Expect Going Forward in 2020
WHAT TO EXPECT GOING FORWARD IN 2020 • Markets are significantly affected by the pandemic REVENUES which affects GROSS ALL PROFIT the world STRONG • Our markets remain under lockdown, US$however some signsUS$ 571.0 million of easing DIVIDEND 29.3 the measures million MONTHLY DATA are currently visi
Slide 20: Key Drivers of 2020
KEY DRIVERS OF 2020 SUSTAIN THE The Company aims to retain its strong market position and strengthen its BUSINESS WITH APPLE STRONG REVENUES GROSS PROFIT relationships with customers and suppliers. US$ 571.0 million DIVIDEND US$ 29.3 million MONTHLY DATA The Company expects to focus on the acquisiti
Slide 21: Buy Back Program Continued
BUY BACK PROGRAM CONTINUED ASSUMPTIONS STRONG GROSS PROFIT Max. amount of money MONTHLY DATA Max. price US$ 571.0 million DIVIDEND $ 300,000 PLN 3.0 Time frame + 5 . 4 % Yo Y + 11 % Yo Y July 2020 NET INCOME 55% Max. amount of shares Min. price 500,000 ASSUMPTIONS PLN 1.5 NET INCOME % of execution U
Slide 22: Dividend Hit a New Record
DIVIDEND HIT A NEW RECORD DIVIDEND (USD m) Our general dividend policy is to pay dividends at levels consistent with REVENUE STRONG GROSS the Company’s growth and development PROFIT plans, while maintaining a 7,5 reasonable level of US$ 571.0 million DIVIDEND US$liquidity. 29.3 million MONTHLY DATA
Slide 23: Shareholder Structure
SHAREHOLDER STRUCTURE STRONG REVENUES GROSS PROFIT US$ 571.0 million NumberDIVIDEND US$of29.3 million shares % of share capital MONTHLY DATA & votes & votes 36,83% + 5 . 4 % Yo Y KS Holdings Ltd * + 11 % Yo Y 20,443,127 36.83% Treasury shares 325,389 0.59% 62.58% Free-float 34,731,484 62.58% 0.59% T
Slide 24: Contact details
Tziamalis Constantinos phone: +357 25857188 email: costas@asbis.com Bartosz Basa phone: +48 691 910 760 email: b.basa@asbis.com HEADQUARTERS 43, Kolonakiou Street, Diamond Court, 4103 Ayios Athanasios Limassol – Cyprus, Phone: + 357 2 5857 101, www.asbis.com