Slide 1: Revenues and Earnings Smashed Expectations - Q2 2020 Results
REVENUES AND EARNINGS SMASHED EXPECTATIONS Q2 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 Q2 2020
ASBIS Q2 2020 20,000 1,787 in 27 active customers in 56 countries 23,000 380 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 represented by 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: ASBIS Own Brands
ASBIS OWN BRANDS ACQUSITION DIVIDEND Wide selection of electronics for Canyon is a dynamic lifestyle Perenio IoT is an innovative company home, education and business. worldwide brand that offers a wide that develops and manufactures Prestigio products: televisions, range of stylish and trendy multi
Slide 8: Financial Overview
FINANCIAL OVERVIEW Q2 and H1 2020 FINANCIAL RESULTS FY 2020 OUTLOOK GUIDANCE BUY-BACK PROGRAM DIVIDEND 8
Slide 9: Q2 2020 Key Events
Q2 2020 KEY EVENTS EXCELLENT GUIDANCE DIVIDEND MONTHLY DATA Excellent revenue Publication of Payment of a final estimates for April – June dividend from 2019 FY 2020 guidance. earnings. 2020. Growth of the revenues Revenues: between The final dividend (US$ in Q2 2020 Spda despite USD 2.0 – 2.2 bn 0.
Slide 10: Q2 2020 Excellent Quarter
Q2 2020 EXCELLENT QUARTER ▪ Increase in revenues despite ongoing STRONG REVENUES GROSS PROFIT COVID-19 outbreak. US$ 380 million DIVIDEND US$ 21.9 million MONTHLY DATA ▪ Growth in gross profit. 3 % Yo Y 4 % Yo Y ▪ SG&A costs scaled with GP and under control. ▪ Stunning net income GROSS PROFIT NET IN
Slide 11: Q2 2020 High Demand for Multiple Product Lines
Q2 2020 HIGH DEMAND FOR MULTIPLE PRODUCT LINES REVENUES BY LINES (US$ m) ▪ Decline in smartphones REVENUES 700 GROSS PROFIT business as a resultSTRONG of the coronavirus pandemic 600 US$ 571.0 million DIVIDEND US$ 29.3 million MONTHLY DATA + 5 . 4 % Yo Y 500 combined with economic 400 uncertainty. +
Slide 12: Q2 2020 Excellent Results
Q2 2020 EXCELLENT RESULTS ▪ Growth in top-line and US$ m Q2‘20 Q2‘19 YoY gross profit. STRONG REVENUES Revenue GROSS 380.4 370.9PROFIT 3% GrossUS$ profit 571.0 million 21.9 DIVIDEND US$ 29.3 21.1 million 4% MONTHLY DATA ▪ Gross profit margin Gross profit margin 5.76% 5.68% 0.08ppt increased and reac
Slide 13: Positive Trend in Gross Profit Margin and SG&A as % Sales
Q2 2020 POSITIVE TREND IN GROSS PROFIT MARGIN AND SG&A as % SALES CONTINUED ▪ Gross profit margin improved YoY and reached 5.8% in GROSS PROFIT MARGIN (%) Q2’20. STRONG REVENUES 8,0% GROSS PROFIT US$ 571.0 million DIVIDEND US$ 29.3 million MONTHLY DATA 7,0% ▪ In Q2‘20 gross profit margin 6,0% 5,7% 5
Slide 14: High H1 2020 Profitability
HIGH H1 2020 PROFITABILITY ▪ Strong growth in top and US$ m H1‘20 H1‘19 YoY bottom lines. STRONG REVENUES Revenue GROSS 880.9 788.2PROFIT 12% GrossUS$ profit 571.0 million 47.3 DIVIDEND US$ 29.3 42.2 million 12% MONTHLY DATA ▪ Gross profit margin Gross profit margin 5.37% 5.35% 0.02ppt improved and
Slide 15: H1 2020 Top 10 Countries in Revenues
H1 2020 TOP 10 COUNTRIES IN REVENUES REVENUES BY COUNTRIES (US$ m) ▪ Russia still remained the REVENUES GROSS PROFIT no. 1 country whileSTRONG 180 US$ 571.0 million DIVIDEND US$ 29.3 million MONTHLY DATA Ukraine followed. 160 ▪ Kazakhstan showed + 5 . 4 % Yo Y 140 + 11 % Yo Y 39.3% YoY growth and 12
Slide 16: Indebtedness at Safe Level
INDEBTEDNESS AT SAFE LEVEL ▪ Strong increase in cash position US$ m H1’20 H1’19 YoY in seasonally NWC intensive STRONG REVENUES Short term borrowings (no factoring) GROSS 61.2 106.1PROFIT -42% quarter. US$ 571.0 million DIVIDEND US$ 29.3 28.8 million MONTHLY DATA Factoring creditors 30.2 5% Short te
Slide 17: Cash Engaged in Working Capital
CASH ENGAGED IN WORKING CAPITAL ▪ Strong revenue growth resulted NET WORKING CAPITAL (US$ m) in the need to involve more REVENUES GROSS PROFIT cash into workingSTRONG capital. NWC: DIVIDEND US$7%571.0 of salesmillion NWC: US$ 19% million 29.3 of sales MONTHLY DATA 197 163 159 ▪ Capex comprises of ou
Slide 18: 2020 Guidance
2020 GUIDANCE REVENUE STRONG REVENUES Between US$ 2.0bnGROSS PROFIT and US$ 2.2bn US$ 571.0 million DIVIDEND US$ 29.3 million MONTHLY DATA + 11 % Yo Y NET INCOME Between US$ 18.0m and US$ 20.0m ASSUMPTIONS NET INCOME US$ 4.9 million • No second wave of pandemic and another lockdown. Growth in gross
Slide 19: 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 20: Buy Back Program Completed
BUY BACK PROGRAM COMPLETED 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 62% Max. amount of shares Min. price 500,000 ASSUMPTIONS PLN 1.5 NET INCOME % of purchased s
Slide 21: 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$liquidity. 29.3 million MONTHLY DATA
Slide 22: Shareholder Structure
SHAREHOLDER STRUCTURE STRONG REVENUES GROSS PROFIT US$ 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 23: Contact and Headquarters
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