Seera Holding Group · TADAWUL:1810
Seera — Q3 2023 Earnings Presentation
32 slides from Seera's earnings presentation, May 2023
Slide 1: SEERA Holding Group Earnings Presentation Q3 2023
SEERA Holding Group Earnings Presentation | Q3 2023
Slide 2: Financial Updates
[ja SEERA Financial Updates Q3 2023
Slide 3: Group-wide Financials
[yuu SEERA Group-wide Financials
Slide 4: Seera Group posted normalized net profit of SAR 47Mn in Q3 2023
Seera Group posted normalized net profit of SAR 47Mn in Q3 2023 excluding one-off IPO cost Income Statement – Group-wide (SAR Mn) +18% +33% NBV 2,650 3,133 6,779 9,011 +56% +52% 801 2,274 Revenue 512 1,497 +40% +58% Gross Profit 255 356 639 1,012 +15% +13% Operating 260 298 740 834 Expenses +167% +4
Slide 5: Seera Group has generated positive EBITDA of SAR 165 million for Q3 2023
Seera Group has generated positive EBITDA of SAR 165 million for Q3 2023 EBITDA – Group-wide (SAR Mn) -17% +100% 198 165 291 581 114 312 101 297 60 25 105 164 38 26 54 Loss Finance Depreciation EBITDA Profit Finance Depreciation EBITDA -60 Profit Finance Depreciation EBITDA before Charges, & before
Slide 6: Maintaining a strong financial position through healthy liquidity and leverage levels
Maintaining a strong financial position through healthy liquidity and leverage levels Total Assets (SAR Mn) Total Equity and Liabilities (SAR Mn) 10,443 10,443 0 582 Due from related parties Trade and other payables 1,232 Prepayments & Advances Short term bank debts 1,449 Cash & equivalents 778 Long
Slide 7: Business Segment Financials
Business Segment Financials
Slide 8: Travel Platform posted EBITDA of SAR 28 million in Q3 2023
Travel Platform posted EBITDA of SAR 28 million in Q3 2023, driven by improved margins, marketing efficiencies and operating leverage Income Statement – Travel Platform (SAR Mn) +10% +24% NBV 1,806 1,978 4,600 5,691 +59% +41% 209 400 564 Revenue 1 132 +16% +52% Gross Profit 124 143 265 402 +11% +4%
Slide 9: Net Booking Value by Business Line, approx. SAR 2 billion in Q3 2023
Despite shifts in summer vacation between the 2nd and 3rd quarters, have achieved a NBV of approx. SAR 2 billion in Q3 2023, up by 10% YoY Net Booking Value – By Business Line (SAR Mn) 2% 2% Overall Q3 ’23 66% 30% 2% 1,978 9M ’23 63% 32% 3% 5,691 1% Q3 ’22 68% 30% 1% 1,806 9M ’22 64% 33% 2% 4,600 1%
Slide 10: Revenue of SAR 209 million in Q3 2023 up 59%
Growth in booking value is reflected in revenue of SAR 209 million in Q3 2023 up 59% from SAR 132 million in Q3 2022 Revenue1 – By Business Line (SAR Mn) Overall Q3 ’23 60% 24% 3% 13% 209 9M ’23 57% 19% 8% 16% 564 10% Q3 ’22 61% 24% 5% 132 9M ’22 50% 22% 19% 9% 400 Q3 ’23 125 9M ’23 322 Consumer +55
Slide 11: Hospitality achieved EBITDA of SAR 21 million in Q3 2023
Led by healthy occupancy levels and improved average daily rate across hotels, Hospitality achieved EBITDA of SAR 21 million in Q3 2023 Income Statement – Hospitality (SAR Mn) +63% +93% 45 143 Revenue 27 74 +441% +669% Gross Profit 20 69 4 9 +18% +20% Operating 12 14 41 50 Expenses +315% +1,229% 21
Slide 12: Portman Travel achieved EBITDA of SAR 9 million in Q3 2023
Portman Travel has seen booking volumes increase across its travel verticals and achieved EBITDA of SAR 9 million in Q3 2023 Income Statement – Portman (SAR Mn) +23% +41% NBV 589 722 1,475 2,084 +43% +48% 232 716 Revenue 1 163 483 +37% +59% Gross Profit 54 74 141 225 +44% +44% Operating 49 70 136 19
Slide 13: Financial updates: Contribution by Segment Q3 2023
Financial updates Contribution by Segment Q3 2023
Slide 14: Net booking value by business segment
Net booking value has grown significantly, primarily driven by the Travel Platform and Portman Travel Group Net Booking Value – By Business Segment (SAR Mn) +18% Business Segment % Growth +33% Business Segment % Growth 3,133 9,011 2,650 Travel Platform 10% Travel Platform 24% 6,779 1,978 Hospitality
Slide 15: Revenue by business segment
Revenue reflecting growth of Car Rental followed by the Travel Platform and Portman Travel Revenue1 – By Business Segment (SAR Mn) +56% Business Segment % Growth +52% Business Segment % Growth 801 2,274 209 Travel Platform 59% 564 Travel Platform 41% 45 1,497 143 512 Hospitality 63% Hospitality 93%
Slide 16: Gross profit by business segment
Gross profit levels reflect revenue growth by each segment, primary contribution by Travel Platform Gross Profit – By Business Segment (SAR Mn) +40% Business Segment % Growth +58% Business Segment % Growth 356 1,012 Travel Platform 16% Travel Platform 52% 143 402 255 Hospitality 441% 639 Hospitality
Slide 17: Operating expenses by business segment
Maintained minimal increase in operating expense levels group-wide despite significant growth in topline Operating Expenses – By Business Segment (SAR Mn) +15% Business Segment % Growth +13% Business Segment % Growth 298 834 260 740 Travel Platform 11% Travel Platform 4% 114 358 103 Hospitality 18%
Slide 18: Positive group-wide EBITDA contributed by all business segments
Seera posted positive group-wide EBITDA, contributed by all business segments EBITDA – By Business Segment (SAR Mn) -17% Business Segment % Growth +100% Business Segment % Growth 198 581 7 5 49 Travel Platform 373% 65 Travel Platform 152% 165 291 46 28 Hospitality 315% 13 5 Hospitality 1229% 21 9 19
Slide 19: Appendix: Definitions
Appendix: Definitions Illustrative Income Statement Item Details Agent Principal Represents the total value of transactions booked, recorded at the time of Gross Booking Value (GBV) Gross Booking Value (GBV) Gross Booking Value (GBV) booking reflecting the total price due for travel by travelers, in
Slide 20: Business Updates Q3 2023
[ja SEERA Business Updates Q3 2023
Slide 21: Travel Platform
Travel Platform = ; ~ On LAA LOO
Slide 22: Consumer Travel
Consumer Travel Consumer Travel experienced another record quarter of growth, with strong rebound of travel demand across domestic and international bookings Key Performance Measures Number of Sessions on active costumer Platform1 864K 90M For 9M 2023 For 9M 2023 +16% vs. 9M ‘22 +20% vs. 9M ‘22 Top
Slide 23: Consumer Travel: flight segments and room nights
Consumer Travel Deeply rooted foothold in Saudi domestic and regional travel & hotel stays, and contributing significantly to global outbound traffic Flight Segments (in thousands) +6% +18% 1,266 1,337 3,714 361 3,140 1,029 351 883 69 (27%) 107 (28%) 395 (28%) (28%) 282 (5%) (8%) (11%) 846 869 1,975
Slide 24: Business Travel
Business Travel Business Travel continued to renew existing contracts and onboarded corporate and government sector clients to the digital travel management portal Key Performance Measures Business Trips Managed 471k For 9M 2023 +10% vs. 9M ‘22 Digital Portal Usage Bookings through self-service port
Slide 25: Business Travel: NBV by government vs credit clients
Business Travel Business Travel is mainly driven by government air travel and a growing corporate segment with a sizable non-air contribution NBV by Government vs. Credit Clients (SAR Mn) +18% 1,782 1,511 1,554 1,331 (87%) (88%) Gov’t 180 228 Credit (12%) (13%) 9M ’22 9M ’23 NBV of Credit Clients by
Slide 26: Destination Management
Destination Management Destination management growth driven by inbound visits from GCC and international markets Key Performance Measures Number of Number of Tourists Served Average Length visitors via Tour Operations of Stay 16K visitors 7.8K 5.3 nights For 9M 2023 For 9M 2023 For 9M 2023 Primary S
Slide 27: Hajj & Umrah
Hajj & Umrah Hajj & Umrah experiencing significant recovery post closure of Umrah and eased visa regulations alongside inbound visits from source markets Key Performance Measures Number of Pilgrims Room Nights Average Length of Stay 59k pilgrims 91.4k nights 4.3 nights For 9M 2023 For 9M 2023 For 9M
Slide 28: Hospitality
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Slide 29: Hospitality
Hospitality Hospitality growth in line with increased demand from religious pilgrims for properties in Makkah and the ramp up of the new Choice Hotels in Jeddah Key Performance Measures Q3 ‘23 Q3 ‘22 Room Nights +15% vs. Q3 ‘22 Sold 61K 53k Q3 ‘23 Across 7 properties in Makkah (4) Operational and Je
Slide 30: Portman Travel Group
Portman Travel Group
Slide 31: Portman Travel Group
Portman Travel Group Maintained leadership position in the corporate travel and luxury leisure sectors, while becoming significant force in sports travel space Key Performance Measures Q3 ‘23 Q3 ‘22 Business Travel Number of business +37% vs. Q3 ‘22 439K 319k trips managed Q3 ‘23 Q3 ‘22 Sports Trave
Slide 32: Thank you.
Thank you. www.seera.sa