Sustained Infrastructure Holding Company · TADAWUL:2190
Sustained Infrastructure — Sustainable Infrastructure Holding Company — Q1 2025 Earnings Presentation
28 slides from Sustained Infrastructure's earnings presentation, May 2025
Slide 1: Sustainable Infrastructure Holding Company Q1 2025 Earnings Presentation
SUSTAINABLE INFRASTRUCTURE HOLDING COMPANY Q1 2025 EARNING PRESENTATION
Slide 2: Agenda
AGENDA Contents Slide No. 1. HIGHLIGHTS Q1 2025 3 2. FINANCIAL PERFORMANCE 6 3. PORTFOLIO PERFORMANCE 10 A. PORTFOLIO – CONSOLIDATED ASSETS 11 B. PORTFOLIO – OTHER ASSETS 14 4. STRATEGY IMPLEMENTATION PROGRESS 16 6. OUTLOOK 20 7. APPENDIX 22 sisco.com.sa 2
Slide 3: Highlights Q1 2025
HIGHLIGHTS Q1 2025
Slide 4: Financial Highlights Q1'25
Financial Highlights Q1’25 *Excluding accounting construction revenue REVENUE* EBITDA - ADJUSTED SAR 328.8m SAR 212.0m Q1’24: SAR 257.6m Q1’24: SAR 155.5m +27.6% Y-Y 36.4% Y-Y GROSS PROFIT - ADJUSTED NET INCOME - ADJUSTED SAR 182.1m SAR 24.7m Q1’24: SAR 132.9m Q1’24: SAR 12.8m +37.1% Y-Y 92.8% Y-Y s
Slide 5: Operational Highlights Q1 25
Operational Highlights Q1 25 Ports Logistics Water Tawzea M&A segment Ports segment saw a Logistics revenues Water segment Tawzea revenues M&A – we have signed strong performance, slightly softer due to revenues declined, increased by 3.8% three NBO’s and are in driven by improved lower land and wit
Slide 6: Dry Powder Capital Allocation
Dry Powder Capital Allocation • Percentages are indicative only and may change from time to time at the SISCOs discursion and as business needs progress. ** Out of the total GDI commitment, SAR 61.6m has already been deployed Allocation Commitment Dividends 85.0 Share Buyback 6.2 10.8% RSPDI 116.0 C
Slide 7: Financial Performance
| | PERFORMANCE FINANCIAL
Slide 8: Income Statement Highlights
Income Statement Highlights SAR millions (adjusted: excludes accounting construction revenue) GROUP ADJUSTED GROSS PROFIT & MARGIN REVENUE 55.4% 51.6% REVENUE YTD GROSS PROFIT YTD SAR 328.8m 328.8 182.1 SAR 182.1m 257.6 +27.6% 132.9 +37.1% Q1'24 Q1'25 Q1'24 Q1'25 • Revenue up 27.6% in quarter end ma
Slide 9: OPEX and Investment Income
OPEX and Investment Income SAR millions Q1 INCOME FROM OPERATING EXPENSES FINANCE CHARGES EQUITY ACCOUNTED ASSOCIATES F/V Fees Others SAR 8.5 m 72.1 73.8 72.8 -1.6% 29.1 27.0 27.2 86.9 FINANCE CHARGES 53.3 52.3 43.0 46.8 45.6 SAR 72.8m Q1'24 Q4'24 Q1'25 +1.0% Q1'24 Q4'24 Q1'25 • Operating expenses f
Slide 10: EBITDA and Net Income
EBITDA and Net Income SAR millions ADJUSTED NET INCOME ADJUSTED EBITDA & MARGIN & MARGIN 7.5% 5.0% 60.3 % 64.5% ADJUSTED EBITDA YTD ADJUSTED NET INCOME YTD SAR 212.0m SAR 24.7m 24.7 212.0 +36.4% 92.8% 155.4 12.8 Q1'24 Q1'25 Q1'24 Q1'25 • Adjusted net income in Q1 was up quarter on quarter, helped by
Slide 11: Portfolio Performance
PORTFOLIO PERFORMANCE
Slide 12: Ports Q1'FY25
Ports Q1’FY25 SAR millions Q1 REPORTED NET INCOME REVENUE* GROSS PROFIT & (MARGIN) MARGIN Gateway Transhipment SAR 59.2 m (21.8%) Consignee 58.0% 51.3% +483.5% Y-Y 296.5 271.3 52.4% 208.4 116.9 113.1 152.2 157.3 82.3 41.5 36.6 109.2 VOLUME (TEUS ‘000) 37.6 138.1 Gateway Transhipment 121.7 88.5 675 8
Slide 13: Logistics Q1'FY25
Logistics Q1’FY25 SAR millions Q1 REPORTED NET INCOME (MARGIN) REVENUE GROSS PROFIT & SAR 8.6 m (26.6%) MARGIN 46.8% Land Warehouse Service 72.5% Y-Y 47.7% 32.2 29.5 33.2% 26.2 OCCUPANCY (%) 13.4 Land Warehouse 11.3 10.5 15.1 12.5 9.8 9.6 12.9 13.4 80% 91% 90% 6.1 5.4 5.4 68% 56% 58% Q1'24 Q4'24 Q1'
Slide 14: Water Solutions Q1'FY25
Water Solutions Q1’FY25 SAR millions Q1 NET INCOME (MARGIN) GROSS PROFIT & REVENUE MARGIN SAR 7.1 (31.1%) Tawzea Others Other Revenue 53.3% 5.7% Y-Y 52.7% 23.1 23.5 22.9 48.4% 1.9 1.1 2.9 VOLUME, WATER SOLD (MN M3) 7.7 8.6 6.6 Tawzea Others 12.5 11.8 11.2 1.3 1.4 1.1 13.6 14 13.2 2.7 2.8 2.7 Q1'24 Q
Slide 15: Strategy
STRATEGY
Slide 16: Strategic Objectives
Strategic Objectives Revenue of SAR Target ROIC of 1 2 billion by 2026 more than 12% Targeting 50% revenue and 2 net income contribution from Logistics and Water segments Strong total Sustainable 3 returns for dividend shareholders distribution sisco.com.sa 16
Slide 17: Outlook
OUTLOOK |
Slide 18: Management Outlook
MANAGEMENT OUTLOOK Ports Logistics Water M&A segment Our Ports segment is LogiPoint continued its Improvement of gross During the year we well positioned to expansion with the profit margins in completed two M&A maintain the strong addition of the new SAR Water segment with transactions and are grow
Slide 19: Revenue And Gross Profit Composition
Revenue And Gross Profit Composition Ports Logistics Water SAR millions Revenue Composition Adjusted Gross Profit Composition 132.9 171.8 182.1 6.8% 9.8% 11.8 9.0% 12.5 10.2% 9.8 15.1 11.2 12.5 149.5 155.3 80.9% 109.2 Inner | Q1 2024 83.4% Outer | Q1 2025 Q1'24 Q4'24 Q1'25 Group Revenue Composition
Slide 20: Appendix
APPENDIX
Slide 21: 6X26 Strategy Implementation Key Updates
6X26 Strategy Implementation Key Updates Logistics • Increased bonded zone RSGT Bangladesh warehouse capacity to commenced operations in 120k m2 June 2024 • Work has commenced on • Additional concessions being 1. Fortify national championship ✓ pursued in East and West Africa Khumra Logistics Park a
Slide 22: Tawzea Q1'FY25
Tawzea Q1’FY25 SAR millions Q1 REPORTED NET REVENUE ADJUSTED GROSS PROFIT & INCOME (MARGIN) MARGIN SAR 6.8m (5.1%) 21.4% 111.5% Y-Y 13.4% 149.3 10.8% 31.9 SISCO SHARE OF Q1 17.7 ADJUSTED NET INCOME 132.1 13.8 127.2 SAR 3.4m Q1'24 Q4'24 Q1'25 Q1'24 Q4'24 Q1'25 -22.9% Y-Y • Q1’25 revenue saw a 3.8% in
Slide 23: SA Talke Q1'FY25
SA Talke Q1’FY25 SAR millions Q1 NET INCOME REVENUE GROSS PROFIT & MARGIN SAR 18.9 28.3% 26.8% +30.1%Y-Y 26.5% 93.8 93.6 26.5 74.4 25.1 SISCO SHARE OF Q1 19.7 ADJUSTED NET INCOME SAR 6.9m Q1'24 Q4'24 Q1'25 Q1'24 Q4'24 Q1'25 +51.3% Y-Y • Revenue increased significantly in Q1’25 compared to Q1’24, up
Slide 24: Income Statement - Quarterly
Income Statement - Quarterly SAR 000 Q1 2024 Q1 2025 Variance Q4 2024 Operational Revenue 257.6 328.8 27.6% 352.6 Direct Costs (124.8) (146.7) 17.5% (180.7) Gross Profit 132.8 182.1 37.1% 171.8 Operating expenses (53.3) (52.3) -1.9% (86.9) Operating Profit 79.5 129.8 63.3% 84.9 Share of profit from
Slide 25: Balance Sheet
Balance Sheet Q1 2025 YE 2024 Fixed Assets 4,381.2 4,382.8 Investments 253.5 262.4 Other Long-Term Assets 5.7 5.7 Current Assets 1,406.8 1,372.7 Total Assets 6,047.2 6,030.6 Borrowings 1,193.5 1,255.8 Long Term Liabilities 2,748.3 1,711.7 Current Liabilities (excl. borrowings) 673.1 655.3 To
Slide 26: Cash Flow Statement
Cash Flow Statement YE 2024 Q1 2025 Operating cash flow before working capital 681.1 201.9 SAR million YE 2024 Q1 2025 Net working capital movement (334.9) (96.8) Cash At Center 315.8 395.3 Cash generated from operating activities 346.2 105.1 Cash At Affiliates 569.2 458.3 Finance charges, Zakat & i
Slide 27: Disclaimer
Disclaimer • This presentation is strictly confidential and is being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose. • This presentation has been prepared by SUSTAINABLE INF
Slide 28: sisco.com.sa
& sisco.com.sa Qa 7
Sustainable Infrastructure Holding Company — Q1 2025 Earnings Presentation on 6ix