Mannai Corporation Q.p.s.c. · QSE:MCCS
Mannai Corporation Q.p.s.c — Mannai Corporation Q.S.C. — Q3 2017 Earnings Presentation
12 slides from Mannai Corporation Q.p.s.c's earnings presentation, October 2017
Slide 1: Mannai Corporation QSC 3Q'17 Financial Summary
Mannai Corporation QSC 3Q‘17 Financial Summary
Slide 2: Disclaimer
Disclaimer Mannai Corporation Q.S.C. cautions investors that certain statements contained in this document state Mannai Corporation’s management's intentions, hopes, beliefs, expectations, or predictions of the future and, as such, are forward-looking statements. Mannai Corporation management wishes
Slide 3: 3Q'17 Profits Continue To Be Impacted by Damas and Challenging Business Environment in Qatar
3Q’17 Profits Continue To Be Impacted by Damas and Challenging Business Environment in Qatar QAR m Net Profit • YTD Profits Down 66m or 19% to 277m 343 (19)% • Damas Net Profit down 61% or 56m due to 277 continued revenue softness • Gfi Informatique contribution lower as a result of timing of profit
Slide 4: Financial Highlights
Financial Highlights QAR m 3QYTD’16 3QYTD’17 Net Profit 343m 277m (19)% Revenues 3,535m 4,440m 26% Gross Profit 851m 1,053m 24% Gross Profit Margin % 24.1% 23.7% (0.4)pts Net Profit % 9.7% 6.2% (3.5)pts Capital Employed 6,582m 7,996m 26% Earnings Per Share 7.52 6.07 (19)% 4
Slide 5: Revenues Up 26% driven by Gfi Informatique Consolidation
Revenues Up 26% driven by Gfi Informatique Consolidation QAR m Revenue 4,440 26% • Q3 revenues for Gfi of 1,134m consolidated boosts revenue by 26% 3,535 • Excluding Gfi, revenues down 6% • ICT Qatar revenue growth of 9% is strongest organic growth in group • Damas revenues down 6% YTD as weakness i
Slide 6: Gfi Informatique Acquisition Increases ICT Revenue Share to 53%
Gfi Informatique Acquisition Increases ICT Revenue Share to 53% Revenue Mix 3QYTD ‘16 3QYTD ’17 All Other 8% All Other Auto 14% 13% Auto 22% Damas 26% Gfi 26% Damas 33% ICT 31% ICT 27% 6
Slide 7: Gfi Timing of Profits offsets Damas, Lowering International Share
Gfi Timing of Profits offsets Damas, Lowering International Share Net Profit • Gfi negative contribution YTD 2% offsets Damas’s net profit 34% • Expected to change Int’l dramatically at year end when Gfi reports 80% of it’s net 98% profits Qatar 66% 3QYTD '16 3QYTD '17
Slide 8: Gross Profit Margin Pressure Due to Auto & Damas Sales Mix
Gross Profit Margin Pressure Due to Auto & Damas Sales Mix QAR m Gross Profit Gross Profit Margin % 1,053 (0.4)pts 852 24% 24.1% 23.7% 3QYTD'16 3QYTD'17 3QYTD'16 3QYTD'17 • Auto Group margins impacted by fall in higher margin 3Q’17% V pts new vehicle sales Auto Group 20.0% (0.6) pts • ICT margins im
Slide 9: Other Income Increase Driven by Acquisition of Gfi Informatique
Other Income Increase Driven by Acquisition of Gfi Informatique QAR m Other Income 54% • 2017 driven by fair value gain on the 168 consolidating acquisition of Gfi Informatique in 3Q’17 of QAR112m 110 • Recoveries of previously provisioned receivables in Damas reduced to 33m, from 55m in 2016 • Gain
Slide 10: ICT's Relative Performance and Gfi Drives ICT Profit Share to 58%
ICT’s Relative Performance and Gfi Drives ICT Profit Share to 58% Net Profit Mix 3QYTD ’16 3QYTD ‘17 All Other Axiom 1% Axiom All Other 7% (3)% 10% Auto 16% Auto 19% Damas Damas 29% 19% ICT 43% ICT 58% 10
Slide 11: Leverage Stable After Increase in Net Debt Driven by the Consolidation of Gfi Informatique
Leverage Stable After Increase in Net Debt Driven by the Consolidation of Gfi Informatique QAR m Net Debt Net Debt to Total Capital* 56% 57% 5,157 53% 53% 4,059 3,977 Q3 '16 Q2 '17 Q3 '17 Q3'16 Q4'16 Q2'17 Q3'17 *Total Capital adjusted for Acquisition Reserves 11
Slide 12: Mannai Corporation QSC
Mannai Corporation QSC Tel: +974-4455 8888 Fax: +974 4455 8880 www.mannai.com CONTACTS Investor Relations Ewan Cameron Chief Financial Officer email: investor.relations@mannai.com.qa Tel (Direct) : +974-44558844 12
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