Aamal Company Q.s.c. · QSE:AHCS
Aamal Company Q.s.c — Aamal Company Q.P.S.C. — FY2017 Earnings Presentation
17 slides from Aamal Company Q.s.c's earnings presentation, 2018
Slide 1: Aamal Company Q.P.S.C. Full Year 2017 Results
AAMAL COMPANY Q.P.S.C. FULL YEAR 2017 RESULTS 1
Slide 2: Contents
Contents • Key Full Year 2017 developments • Financial Summary • Segmental Review • Summary and Outlook • Additional information (breakdown by Segments) 2
Slide 3: Key FY 2017 developments
Key FY 2017 developments • Growth momentum maintained - Earnings per share up 9.6% • Dividend of QAR 0.60 a share proposed - Equivalent to 6% of paid-up share capital - Subject to approval at the AGM, 22 April 2018 • Qatar’s response to the embargo - Despite the challenges created, Qatar is proving
Slide 4: Financial Summary
Financial Summary QARm FY 2017 FY 2016 % change Revenue 1,604.2 2,829.1 (43.3)% Net profit before share of net profit of 421.0 499.2 (15.7)% • YoY comparisons associates and joint ventures distorted due to change accounted for using the equity method and FV gains on investment properties in consolid
Slide 5: Sales breakdown
Sales breakdown • Up to 2017, Industrial Manufacturing steadily increased Total Revenue (by Segment) its share of overall revenue, driving Aamal’s growth 3,100 2,882.0 2,829.2 2,700 2.4% 11.3% 3.4% 11.2% • Change in accounting treatment 2,300 2,122.6 2,139.1 adversely distorts 2017 year-on- 4.1% 12.
Slide 6: Net profit breakdown
Net profit breakdown Net profit, ex-FV gains (by Segment) 559.4 600 523.0 • Up to 2017, Industrial 521.4 1.1% 1.8% Manufacturing steadily 500 1.3% increased its share of 46.2% overall net profit (as with 348.5 400 2.4% 52.8% 51.3% revenue), again driving Aamal’s growth 1.9% 267.2 QAR million 300 64.
Slide 7: Rising profitability
Rising profitability Net profit (ex-FV gains) and margin %, for fully consolidated operations 600 28.0% • Net profit margins have 559.4 523.1 521.3 60.2 26.3% been on a steadily rising 500 42.4 trend over the years 102.0 24.0% 400 348.5 QAR million 18.1 % margin 16.6% 17.6% 20.0% • However, 2017 gai
Slide 8: Segmental review – Industrial Manufacturing
Segmental review – Industrial Manufacturing QARm FY 2017 FY 2016 % change Revenue 582.2 1,811.7 (67.9)% Net profit - fully consolidated 71.2 156.5 (54.5)% activities Net underlying profit margin % 12.2% 8.6% +3.6 ppts Share of net profit of 96.6 53.9 +79.2% associates and joint ventures accounted fo
Slide 9: Segmental review – Trading & Distribution
Segmental review – Trading & Distribution QARm FY 2017 FY 2016 % change Revenue 633.3 649.9 (2.5)% Net profit 116.2 119.8 (3.0)% Net profit margin % 18.3% 18.4% (0.1) ppts • Marginal decline in revenues leading to small decline in net profit (margins flat) • Ebn Sina Medical increase in sales due
Slide 10: Segmental review – Property
Segmental review – Property QARm FY 2017 FY 2016 % change Revenue 320.9 317.9 +1.0% Net profit - fully consolidated 262.6 252.1 +4.2% activities Net underlying profit margin % 81.8% 79.3% +2.5 ppts Share of net profit of 5.5 6.3 (13.3)% associates and joint ventures accounted for using the equity me
Slide 11: Segmental review – Managed Services
Segmental review – Managed Services QARm FY 2017 FY 2016 % change Revenue 95.3 97.4 (2.2)% Net profit 7.0 9.8 (28.1)% Net profit margin % 7.3% 10.1% (2.8) ppts • Marginal decline in revenue matched with significant margin contraction led to 28.1% fall in net profits • Aamal Travel strategic decisi
Slide 12: Capex and Financing
Capex and Financing Net capex vs. operating cash flow Net financial gearing 7% 1000 6.4% 6% 768.7 Net debt / total capital 800 5% 4.4% QAR million 600 4% 3.6% 388.1 3% 355.5 400 2.3% 228.8 2% 220.0 200 156.1 114.6 128.0 1% 91.8 106.5 0% 0 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 -1% -1.4% -
Slide 13: Summary and Outlook
Summary and Outlook • Very strong performance from Aamal despite obvious headwinds • Qatar has responded well to the challenges presented • Aamal is at the heart of this national resilience • Exposure across the economic spectrum, market leading positions • Quick to adapt and identify opportunities
Slide 14: Any further questions?
Any further questions? Please contact: Aamal Company Mohammad Ramahi (Chief Financial Officer) mohd.ramahi@aamal.com.qa Arwa Goussous (Corporate Communications Manager) arwa.goussous@aamal.com.qa Arwa Hamdieh (Investor Relations and Compliance Manager) arwa.hamdieh@aamal.com.qa T: +974 4422 3888 www
Slide 15: Appendix: Breakdown by Segment
APPENDIX BREAKDOWN BY SEGMENT 15
Slide 16: Group results - revenue by segment
Group results - revenue by segment QARm FY 2017 FY 2016 Change % Industrial Manufacturing* 582.2 1,811.7 (67.9)% Trading and Distribution 633.3 649.9 (2.5)% Property 320.9 317.9 +1.0% Managed Services 95.3 97.4 (2.2)% less: inter-divisional revenue (27.6) (47.7) (42.1)% Total 1,604.2 2,829.1 (43.3)%
Slide 17: Group results – net profit by segment
Group results – net profit by segment QARm FY 2017 FY 2016 Change % Margin* Margin* 2017 FY % 2016 FY % Industrial 167.8 210.4 (20.2)% 12.2% 8.6% Manufacturing Trading and 116.2 119.8 (3.0)% 18.3% 18.4% Distribution Property (ex-FV 268.1 258.4 +3.8% 81.8% 79.3% gains) Fair Value gains 0.0 0.9 (100.0
Aamal Company Q.P.S.C. — FY2017 Earnings Presentation on 6ix