Asbisc Enterprises Plc · GPW:ASB
Asbisc Enterprises — Q1 2021 Earnings Presentation
26 slides from Asbisc Enterprises's earnings presentation, May 2021
Slide 1: The Best First Quarter Ever! Q1 2021 Results
THE BEST FIRST QUARTER EVER! Q1 2021 RESULTS
Slide 2: Table of Content
TABLE OF CONTENT ASBIS – OVERVIEW IN Q1 2021 FINANCIAL RESULTS IN Q1 2021 FORECAST FOR 2021 DIVIDEND FOR 2020 SUMMARY APPENDIX
Slide 3: ASBIS Q1 2021
ASBIS Q1 2021 Subsidiaries 20 000 1 965 in 27 active customers employees countries in 56 countries Revenue 2 23 000 $ 733 m Distribution products centers in portfolio Over 60% 20 B2B e-shops 240 Online transactions 5 B2C e-commerce vendors
Slide 4: Q1 2021 Key Events
Q1 2021 KEY EVENTS SPLENDID Superb revenue for January – March 2021. MONTHLY DATA q ASBIS launched a new Company – „Breezy” which will trade-in used Apple and other brand products BUSINESS UPDATE q ASBIS expanded cooperation with Compulocks Brands - a premium provider of high- quality security and d
Slide 5: Table of Content
TABLE OF CONTENT ASBIS – OVERVIEW IN Q1 2021 FINANCIAL RESULTS IN Q1 2021 FORECAST FOR 2021 DIVIDEND FOR 2020 SUMMARY APPENDIX
Slide 6: Q1 2021 Superb Quarter
Q1 2021 SUPERB QUARTER Q1 2021 Financial Highlights REVENUES GROSS PROFIT US$ 733 million US$ 47.2 million + 4 7 % Yo Y + 8 6 % Yo Y GROSS PROFIT NET INCOME MARGIN US$ 15.1 million 6.43% + 5 7 5 % Yo Y
Slide 7: Q1 2021 Dynamic Growth in All Major Regions
Q1 2021 DYNAMIC GROWTH IN ALL MAJOR REGIONS § FSU region with a very strong 11% 48% YoY growth, contributes the 12% majority of Group revenues in 54% Q1‘21. 23% § Robust growth achieved in CEE countries (mainly Czech Former Soviet Union Central and Eastern Europe Republic). REVENUES BY REGIONS Middl
Slide 8: Q1 2021 Top 10 Countries in Revenues vs Q1 2020
Q1 2021 TOP 10 COUNTRIES IN REVENUES vs Q1 2020 § Russia with revenues of USD 124 140 m remained no. 1 country while 124 Ukraine followed. 120 99 100 97 § Kazakhstan recorded 82.9% YoY 88 growth and remained in top 3. 80 68 60 58 § Poland with 14.4% YoY growth kept 48 47 49 its position in top 10. 4
Slide 9: Q1 2021 High Demand for Multiple Product Lines
Q1 2021 HIGH DEMAND FOR MULTIPLE PRODUCT LINES 900 REVENUES BY LINES (US$ m) 800 § Strong smartphones business 700 600 driven by continuous demand for 500 all iPhone models. 400 300 200 100 0 § Strong market share in both 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 CPUs and laptops. Smartphones CPU
Slide 10: Q1 2021 Extraordinary Quarterly Results
Q1 2021 EXTRAORDINARY QUARTERLY RESULTS US$ m Q1‘21 Q1‘20 YoY § Strong growth in top-line and gross profit. Revenue 733.3 500.5 47% Gross profit 47.2 25.4 86% Gross profit margin 6.4% 5.1% 1.3 ppt § Gross profit margin at record-high level, reached 6.43% in Q1’21. SG&A costs 24.2 19.0 27% Profit fro
Slide 11: Q1 2021 The Highest Ever Gross Profit Margin
Q1 2021 THE HIGHEST EVER GROSS PROFIT MARGIN SG&A as % of SALES CONTINUED TO DECREASE § Gross profit margin skyrocketed to GROSS PROFIT MARGIN (%) 6.43% in Q1’21. 8,0% 7,0% 6,33% 6,43% 5,7% 5,9% 5,80% 5,83% § In Q1‘21 gross profit margin 6,0% 5,1% 5,2% 5,1% continued a positive upward trend. 5,0% 4,
Slide 12: Indebtedness at Safe Level
INDEBTEDNESS AT SAFE LEVEL US$ m Q1’21 Q1’20 YoY § Strong increase in cash position in Short term borrowings 158.6 112.7 41% seasonally NWC intensive quarter. Long term borrowings 5.4 3.3 62% Other long term liabilities 0.7 0.7 13% § Ability of the Company to access financing remains very Cash and e
Slide 13: Cash Engaged in Working Capital
CASH ENGAGED IN WORKING CAPITAL NET WORKING CAPITAL (US$ m) § High revenue growth resulted in the need to involve more cash NWC: 43% of sales NWC: 42% of sales into working capital. 277 264 245 169 § Capex comprises of outflows for on-going investments in tangible -205 and intangible assets. -228 Q1
Slide 14: Table of Content
TABLE OF CONTENT ASBIS – OVERVIEW IN Q1 2021 FINANCIAL RESULTS IN Q1 2021 FORECAST FOR 2021 DIVIDEND FOR 2020 SUMMARY APPENDIX
Slide 15: 2021 Forecast
2021 FORECAST REVENUE Between USD 2.7bn and US$ 2.9bn Between USD 47.0m and US$ 51.0m NET INCOME ASSUMPTIONS • No another lockdown and significant changes in consumer behavior • A stable situation in key FSU and CEE markets and in key FSU currencies (not worse than in 2020). • No significant disturb
Slide 16: Key Drivers of 2021
KEY DRIVERS OF 2021 The Company aims to retain its strong market position and strengthen its relationships with SUSTAIN THE BUSINESS WITH APPLE customers and suppliers. The Company expects to focus on the acquisition and servicing of large business projects. TRUE VAD SALES The success of last two ye
Slide 17: Table of Content
TABLE OF CONTENT ASBIS – OVERVIEW IN Q1 2021 FINANCIAL RESULTS IN Q1 2021 FORECAST FOR 2021 DIVIDEND FOR 2020 SUMMARY APPENDIX
Slide 18: Dividend Hit Another New Record
DIVIDEND HIT ANOTHER NEW RECORD DIVIDEND Our general dividend policy is to pay dividends at levels consistent with the Company’s (USD m) growth and development plans, while maintaining a reasonable level of liquidity. 16,7 5,6 7,5 The AGM on the 5th of May, 2021 approved a dividend payment of USD 11
Slide 19: Table of Content
TABLE OF CONTENT ASBIS – OVERVIEW IN Q1 2021 FINANCIAL RESULTS IN Q1 2021 FORECAST FOR 2021 DIVIDEND FOR 2020 SUMMARY APPENDIX
Slide 20: Summary of Q1 2021
SUMMARY OF Q1 2021 • Almost 50% of revenue growth THE BEST 1Q IN COMPANY’S • More than six-fold increase of net profit HISTORY • The highest ever gross profit margin • 2020 dividend: USD 16.7 million will be paid to shareholders including interim THE HIGHEST DIVIDEND IN dividend (USD 0.30 cents per
Slide 21: Contact details
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
Slide 22: Table of Content
TABLE OF CONTENT ASBIS – OVERVIEW IN Q1 2021 FINANCIAL RESULTS IN Q1 2021 FORECAST FOR 2021 DIVIDEND FOR 2020 SUMMARY APPENDIX
Slide 23: ASBIS Own Brands
ASBIS OWN BRANDS Prestigio is an international brand that has been Canyon is a dynamically growing brand of high-quality Perenio is an innovative tech company, creating offering a wide range of consumer electronics for and stylish, yet affordable mobile accessories, solutions, based on our own platf
Slide 24: ASBIS APR Investments
ASBIS APR INVESTMENTS ASBIS is an authorized distributor of Apple products in 11 countries of the Former Soviet Union (with the exception of Russia) including: • Ukraine, • Belarus, • Kazakhstan, • Georgia, • Armenia, • Azerbaijan, • Kyrgyzstan, • Uzbekistan, • Moldova • Turkmenistan • Tajikistan As
Slide 25: Shareholder Structure
SHAREHOLDER STRUCTURE Number of shares % of share capital & votes & votes 36,83% KS Holdings Ltd * 20,443,127 36.83% 63,17% Free-float 35,056,873 63.17% TOTAL 55,500,000 100.00% KS Holdings Ltd* As of : 2021-05-06 Free-float *Siarhei Kostevitch holds shares as the ultimate beneficial owner of KS Hol
Slide 26: 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