Sal Saudi Logistics Services Company · TADAWUL:4263
Sal Saudi Logistics Services — Q3 2024 Earnings Presentation
13 slides from Sal Saudi Logistics Services's earnings presentation, 2024
Slide 1: SAL Earnings Call For Q3 (Nine Months) 2024
SAL Earnings Call For Q3 (Nine Months) 2024
Slide 2: Disclaimer
Certain information contained in this document consists of forward-looking statements reflecting the current view of the Company with respect to future events. They are subject to certain risks, uncertainties and based on certain assumptions. Many factors could make the expected results, performance
Slide 3: Today's Agenda
TODAY'S AGENDA 2) Business Overview Section 1 wl Financial Overview Section 2 @) Closing Remarks and Q&A sal.sa
Slide 4: Omar Hariri and Haydar Ucar
Omar Hariri Haydar Ucar ▪ CEO at SAL since November 2024 ▪ CFO at SAL since May 2024 ▪ Former President of the Saudi Ports Authority (Mawani) ▪ Previously served as CFO in DSV Turkey and Head of Corporate Accounting at DSV head office along a long tenure from DHL ▪ Former CEO of SAL ▪ Originally Dan
Slide 5: Section 1: Business Overview
Section1 Business Overview
Slide 6: SAL: A leading cargo handling player with a global logistics solutions network
SAL: A leading cargo handling player with a global logistics solutions network Key performance metrics 2024 Presence at KSA airports Global logistics solutions presence Q3 9 Months Major airports Other airports 2023: SAR 366m 2023: SAR 1,045m MEDINA DAMMAM RIYADH JEDDAH 2023: 36% 2023: 37% 18 +169k
Slide 7: Section 2: Financial Overview
SY ALE Section2 Financial Overview
Slide 8: Financial Snapshot of SAL – Statement of Comprehensive Income
Management Commentary Financial Snapshot of SAL – Statement of Comprehensive Income (SAR ‘000) YTD 2024 YTD 2023 Variance Revenue 1,225,267 1,045,089 17% • Strong YTD revenue performance with very EBITDA 638,124 484,299 32% good EBIT throughput – mainly stemmed Operating Profit (EBIT) 554,628 382,76
Slide 9: Cargo Handling Division – The Legacy Business
Cargo Handling Division – The Legacy Business Management Commentary (SAR ‘000) Q3 2024 Q3 2023 Growth YTD 2024 YTD 2023 Growth Revenue 328,702 285,180 15% 1,028,183 880,505 17% • 15% revenue growth in Q3 providing an EBIT 159,376 127,392 25% 532,303 375,896 42% EBIT increase of 25%. KPIs • Good Q1 r
Slide 10: Logistics Division – The Evolving Business
Logistics Division – The Evolving Business Management Commentary (SAR ‘000) Q3 2024 Q3 2023 Growth YTD 2024 YTD 2023 Growth Revenue 36,195 80,582 -55% 194,426 164,584 18% • Business line continues to grow and improves margins and profitability each EBIT 2,684 6,352 -58% 32,034 9,554 235% quarter. KP
Slide 11: Financial Snapshot of SAL – Free Cash Flow
Management Commentary Financial Snapshot of SAL – Free Cash Flow (SAR ‘000) YTD 2024 YTD 2023 Variance Profit before Zakat 541,587 355,384 52% • Positive cash from operating activity and Adjustments for non-cash items 131,291 190,085 -31% good recovery of working capital constraints from start of th
Slide 12: Financial Snapshot of SAL – Balance Sheet
Management Commentary Financial Snapshot of SAL – Balance Sheet (SAR ‘000) YTD 2024 YE 2023 Variance Non-Current Assets 1,281,171 1,621,149 -21% Balance Sheet Highlights Current Assets 1,896,067 1,663,824 14% Total Assets 3,177,238 3,284,973 -3% • Decrease in assets mainly pertains to Right of Use A
Slide 13: Closing remarks and Q&A
Closing remarks and Q&A
SAL Saudi Logistics Services Company — Q3 2024 Earnings Presentation on 6ix