Gulf International Services Qsc · QSE:GISS
Gulf International Services Qsc — Gulf International Services — Investor Presentation (2019)
25 slides from Gulf International Services Qsc's investor presentation, 2019
Slide 1: Gulf International Services Investor Relations Presentation
Gulf International Services Investor Relations Presentation 31December 2019
Slide 2: Disclaimer
DISCLAIMER The companies in which Gulf International Services Q.P.S.C. directly and indirectly owns investments are separate entities. In this press release, “GIS” and “the group” are sometimes used for convenience in reference to Gulf International Services Q.P.S.C. This presentation contains forwa
Slide 3: About GIS
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Slide 4: About GIS
About GIS • Gulf International Services Q.P.S.C. was • The authorized share capital is QR 2 billion with incorporated as a Qatari joint stock an issued share capital consisting of 1.85 Billion company on February 12, 2008. ordinary shares and 1 special share, with 49% of the market capitalization as
Slide 5: Group Structure
Group Structure • Through group companies, Gulf International Services operates in four distinct segments - insurance and reinsurance, drilling, helicopter transportation and catering services. • Qatar Petroleum owns 10% of GIS shares, and General Retirement and Social Insurance Authority owns ~22%.
Slide 6: Board of Directors
Board of Directors The Board of Directors of the group consists of: Sheikh Khalid Khalifa Al Thani Chairman Mr. Suleiman Haider Al-Haider Vice Chairman Mr. Ghanim Mohammed Al Kuwari Member Mr. Mohammed Abdulla Al-Mannai Member Sheikh Jassim Abdulla Al-Thani Member Mr. Saad Rashid Al-Muhannadi Member
Slide 7: Competitive Advantages
Competitive Advantages • The only Qatari drilling • Sole provider of oil & gas services provider in Qatar. helicopter services in Qatar • Maintaining market share of • One of the largest operator over 50% of offshore and in the MENA. 100% on shore. • Modern and well maintained • Modern fleet with pr
Slide 8: Results at a glance (2013-2019)
Results at a glance (2013-2019)
Slide 9: Results at a Glance (2013-2018)
Results at a Glance (2013-2018) Revenue (QR million) Net profit (QR million) Revenue peaked in 2015 with overall movement in line with crude oil prices • Net profit dropped after the peak due to increase in financing costs • Total Assets increased in 2014 due to the acquisition of 30% of GDI • Total
Slide 10: Results at a glance (For the year ended December 2019)
Results at a glance (For the year ended 31 December 2019)
Slide 11: Results at a Glance
Results at a Glance For the period ended 31December 2019 Revenue (QR million) Net profit (QR million) EBITDA (QR million) Revenue up by 20%. Increase noted Net profit up notably on last year, however, down EBITDA marginally down compared to last across all segments. The insurance on budget. Actual p
Slide 12: Net Profit
Net Profit For the period ended December 31, 2019 o Revenue Increased compared to last year by 20%. The o G&A Expenses: Total savings of QR 16 million, or 8% insurance segment is the main contributor to the positive across all group companies, mainly due to reduction on the variance with 88% increas
Slide 13: Segmental Details
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Slide 14: Segmental Details: Drilling Segment
Segmental Details Drilling Segment Gulf Drilling International (GDI) incorporated in 2004 as a joint venture between Qatar Petroleum (60%) and Japan Drilling Company (40%). In 2014, GIS acquired the remaining stake of GDI, resulting in GDI becoming a wholly owned subsidiary of GIS. GDI is a wo
Slide 15: Segmental Details: Drilling Segment results
Segmental Details For the year ended 31 December 2019 Drilling Segment Revenue QR billion o Year to date revenue of QR 1.2 billion, up by 2% on last year due to higher revenue from West Tucana, in addition to Rumailah being brought back to operation. o Year-to-date net loss of QR 102 million, Net Lo
Slide 16: Segmental Details: Aviation Segment
Segmental Details Aviation Segment Gulf Helicopter Company (GHC) is one of the leading commercial aviation service provider. With global footprints extending from Europe , Africa, Middle East, and South Asia with a fleet of 54 aircrafts; GHC has 2 Direct subsidiaries: • Al Maha Aviation Company:
Slide 17: Segmental Details: Aviation Segment results
Segmental Details For the year ended 31 December 2019 Aviation Segment Revenue QR million oYear-to-date revenue of QR 586 million up by 8% on last year. Growth mainly came from its international division, which secured short-term contracts in Angola, Spain, Oman, Kuwait, Cyprus and South Africa, as
Slide 18: Segmental Details: Insurance Segment
Segmental Details Insurance Segment Alkoot insurance, incorporated in 2003, is mainly engaged in business of medical and general insurance and reinsurance activities, except for vehicle insurance & insurance against risk of death and accidents. In 2008, QP transferred the ownership of Al-Koot to
Slide 19: Segmental Details: Insurance Segment results
Segmental Details For the year ended 31 December 2019 Insurance Segment Revenue QR million o Revenue of QR 830 million, up significantly by 92% on 2018 primarily due significant growth in both energy and medical lines of business, mainly due to major contracts won during the year which include, amon
Slide 20: Segmental Details: Catering Segment
Segmental Details Catering Segment Amwaj Catering Services Company, incorporated in 2006 as a wholly-owned subsidiary of Qatar petroleum Amwaj was subsequently acquired by GIS in 2012. Amwaj Provides diverse services which include: • Business & Industrial catering • Corporate Hospitality & VIP
Slide 21: Segmental Details: Catering Segment results
Segmental Details For the year ended 31 December 2019 Catering Segment Revenue QR million oYear-to-date revenue of QR 431 million, marginally up by 7% on last year. Increase in revenue was mainly driven by higher revenue from contract with Qatar Gas, Qatar Primary material Company, Ooredoo, Hamad Me
Slide 22: Governance Structure
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Slide 23: Governance Structure
Governance Structure Board Structure Governance and Compliance • GIS Board of Directors consists of seven • GIS is firmly committed to implementing the (7) Directors, three (3) Directors of whom principles of good governance set out in the were appointed by the Special Governance Code for Companies
Slide 24: Governance Structure
Governance Structure Remuneration • Board of Directors Disclosure and Transparency • The Company has developed a periodically • The Board ensures that all disclosures are made in revisited remuneration policy for Board accordance with the requirements set by regulatory members. The policy has fixed
Slide 25: For further information, Gulf International Services can be contacted
For further information, Gulf International Services can be contacted as follows: Telephone: (974) 4013 2080 Fax: (974) 4013 9750 Email: gis@qp.com.qa Address: PO Box 3212, Doha, State of Qatar Please refer to www.gis.com.qa for the latest information, publications, press releases and presentations
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