Gulf International Services Qsc · QSE:GISS
Gulf International Services Qsc — Gulf International Services — Investor Presentation (June 2024)
30 slides from Gulf International Services Qsc's investor presentation, Jun 30, 2024
Slide 1: Gulf International Services Investor Relations Presentation
CLASSIFICATION: C0 - NON-CONFIDENTIAL Gulf International Services Investor Relations Presentation 30 June 2024
Slide 2: Disclaimer
CLASSIFICATION: C0 - NON-CONFIDENTIAL DISCLAIMER The companies in which Gulf International Services Q.P.S.C. directly and indirectly owns investments are separate entities. In this presentation, “GIS” and “the Group” are sometimes used for convenience in reference to Gulf International Services Q.P.
Slide 3: Table of Content
CLASSIFICATION: C0 - NON-CONFIDENTIAL TABLE OF CONTENT 1. About GIS 2. Group Structure 3. Board of Directors 4. Competitive advantages 5. Results at a Glance (2016 – 2023) 6. Results at a Glance (For the six-month period ended 30 June 2024) 7. Segmental details 8. Governance structure Gulf Internati
Slide 4: About GIS
CLASSIFICATION: C0 - NON-CONFIDENTIAL About GIS
Slide 5: About GIS
CLASSIFICATION: C0 - NON-CONFIDENTIAL 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, wi
Slide 6: Group Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Group Structure • Through group companies, Gulf International Services operates in four distinct segments - insurance and reinsurance, drilling, aviation services and catering services. • QatarEnergy owns 10% of GIS shares, and General Retirement and Social Insu
Slide 7: Board of Directors
CLASSIFICATION: C0 - NON-CONFIDENTIAL Board of Directors The Board of Directors of the group consists of: Sheikh Khalid bin Khalifa Al Thani Chairman Mr. Saad Rashid Al-Muhannadi Dr. Mohammed Youssef Al-Mulla Vice Chairman Member Mr. Ali Jaber Hamad Al-Marri Sheikh Jassim Abdulla Al-Thani Member Mem
Slide 8: Competitive Advantages
CLASSIFICATION: C0 - NON-CONFIDENTIAL Competitive Advantages • The only Qatari drilling • Sole provider of oil & gas services provider. helicopter services in Qatar • Maintaining market share of • One of the largest operator over 50% of offshore and in the MENA. 100% onshore oil & gas • Modern and w
Slide 9: Results at a glance (2016-2023)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a glance (2016-2023)
Slide 10: Results at a Glance (2016-2023)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance (2016-2023) Revenue (QR million) Net profit (QR million) • Revenue for 2023 recovered significantly on account of constructive business dynamics with better macroeconomic context • Net profit improved significantly post 2020, owing to robust
Slide 11: Results at a glance (For 2024)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a glance (For the six-month period ended 30 June 2024)
Slide 12: Results at a Glance For 2024
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance For the six-month period ended 30 June 2024 Revenue (QR million) H1-23 vs H1-24: All segments except for the catering witnessed +9% +1% growth in revenue compared to last year supported by improved day rates, higher asset utilization from the
Slide 13: Results at a Glance For 2024
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance For the six-month period ended 30 June 2024 Cash Balance (including Short- Term investments - QR million) Cash balance declined compared to last year-end, mainly due to dividends payments for the financial year 2023. Total cash includes uncla
Slide 14: Net Profit
CLASSIFICATION: C0 - NON-CONFIDENTIAL Net Profit For the six-month period ended 30 June 2024 Amounts reported in QR’ millions Profitability increased mainly due to improved revenue noted across all the business segments except the catering, in addition to reduction in finance costs on the back of th
Slide 15: Segmental Details
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details
Slide 16: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Drilling Segment Gulf Drilling International (GDI) incorporated in 2004 as a joint venture between QatarEnergy (60%) and Japan Drilling Company (40%). In 2014, GIS acquired the remaining stake of GDI, resulting in GDI becoming a wholly owne
Slide 17: Drilling Segment Results
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2024 Drilling Segment Revenue • H1-23 vs H1-24: Revenue growth was on the back of improved revenue from the offshore, lift boat and barges operations driven by QR million improved day rates for certain con
Slide 18: Drilling Segment Rig Utilization
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2024 Drilling Segment 1 Rig utilization (%) • H1-23 vs H1-24: All rigs and lift boats are currently contracted except one onshore which became off-contract. • 2Q-24 vs 1Q-24: Rig utilization improved compa
Slide 19: Aviation Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Aviation Segment Gulf Helicopter Company (GHC) is one of the leading commercial aviation service provider. With global footprints extending from Europe , Africa and Middle East, with a fleet of 62 aircrafts; GHC has 3 Direct subsidiaries: •
Slide 20: Aviation Segment Results
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2024 Aviation Segment • H1-23 vs H1-24: Increased due to the increase in flying activities Revenue within both the domestic and international operations. Total flying QR million hours experienced a year-on
Slide 21: Aviation Segment Flying Hours
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2024 Aviation Segment Actual Flying hours • Aviation segment continue to witness improved performance with better flying activity within both domestic and international +6% -5% operations. • Total flying h
Slide 22: Insurance Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Insurance Segment Alkoot insurance, incorporated in 2003, is mainly engaged in business of medical and general insurance and reinsurance activities, in addition to vehicle insurance & individual insurance against risk of death and accidents.
Slide 23: Insurance Segment Results
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2024 Insurance Segment Revenue QR million • H1-23 vs H1-24: Increase in revenue was mainly linked to renewal of major contracts within the energy and medical line of -8% business in addition to new contrac
Slide 24: Insurance Segment Claims and Investment Income
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the Six-month period ended 30 June 2024 Insurance Segment Net claims incurred (QR ‘millions) • H1-23 vs H1-24: On year-on-year basis, claims incurred -42% +26% increased due to rise in medical claims on the back of new policies added. 113 1
Slide 25: Catering Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Catering Segment Amwaj Catering Services Company, incorporated in 2006 as a wholly-owned subsidiary of QatarEnergy Amwaj was subsequently acquired by GIS in 2012. In 2023, Amwaj officially merged with Shaqab and Atyab. GIS new ownership i
Slide 26: Catering Segment Results
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the six-month period ended 30 June 2024 Catering Segment Revenue/Share of Revenue QR million • H1-23 vs H1-24: Revenue decreased compared to the previous -10% year. last year revenue includes 100% Amwaj ownership. -6% However current year r
Slide 27: Governance Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Governance Structure
Slide 28: Governance Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL 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
Slide 29: Governance Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL 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 reg
Slide 30: Contact Information
CLASSIFICATION: C0 - NON-CONFIDENTIAL For further information, Gulf International Services can be contacted as follows: Telephone: (974) 4013 2088 Fax: (974) 4013 9750 Email: gis.investorrelations@qatarenergy.qa or gis@qatarenergy.qa Address: P.O. Box 3212, Doha, State of Qatar Please refer to www.g
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