Mannai Corporation Q.p.s.c. · QSE:MCCS
Mannai Corporation Q.p.s.c — Q3 2015 Earnings Presentation
13 slides from Mannai Corporation Q.p.s.c's earnings presentation, 2015
Slide 1: Mannai Corporation QSC 3Q'15 Financial Summary
Mannai Corporation QSC 3Q‘15 Financial Summary
Slide 2: Disclaimer
Disclaimer Mannai Corporation Q.S.C. cautions investors that certain statements contained in this document state Mannai Corporation’s management's intentions, hopes, beliefs, expectations, or predictions of the future and, as such, are forward-looking statements. Mannai Corporation management wishes
Slide 3: Core Growth Offsets Prior Year Damas One-offs
Core Growth Offsets Prior Year Damas One-offs QAR m Net Profit • YTD profits up marginally to 379m +ve% 378 379 • Qatar businesses performance covers fall in Damas one-off recoveries • ICT continues to outperform, up 62% • Auto Group continues strong year up 35% • All Other Qatar up 53% driven by Gu
Slide 4: Financial Highlights
Financial Highlights QAR m 3QYTD’14 3QYTD’15 Net Profit 378m 379m 0.2% Revenues 4,148m 4,411m 6.3% Gross Profit % 19.6% 22.3% 2.7pts Net Profit % 9.1% 8.6% (0.5)pts Capital Employed 4,821m 5,213m 8% Earnings Per Share 8.28 8.30 0.2% Return on Equity 25% 23% (2)pts 4
Slide 5: Continued Track Record of Solid Double Digit Growth
Continued Track Record of Solid Double Digit Growth QAR m Net Profit Trend Growth Rate 378 379 22% 290 258 204 176 146 115 75 2007 2008 2009 2010 2011 2012 2013 2014 2015 5
Slide 6: Qatar Revenues Up 20% offsets softness in Damas
Qatar Revenues Up 20% offsets softness in Damas QAR m Revenue 4,411 6% 4,148 • Qatar Revenues up 20% with continued positive growth across majority of businesses, driven by the ongoing infrastructure projects in Qatar • Damas revenues slowed 12% due to lower non-gold sales, down 16% due to softness
Slide 7: Strong Growth from Qatar reduces Damas share of revenue
Strong Growth from Qatar reduces Damas share of revenue Revenue Mix 3QYTD ‘14 3QYTD ‘15 Auto All Other 12% Auto 14% All Other 20% 23% ICT 26% ICT 28% Damas Damas 42% 35% 7
Slide 8: Solid growth in gross profit and margins
Solid growth in gross profit and margins QAR m Gross Profit Gross Margin % 21% +2.7pts 985 22.3% 815 19.6% 3QYTD'14 3QYTD'15 3QYTD'14 3QYTD'15 • Auto Group up 19%; margins lower due to mix shift 3Q’15% V pts towards new car sales driven by Yukon and Escalade Auto 19.1% (1.6) pts • ICT up 37% with im
Slide 9: Other Income lower due to significant recoveries during 2014
Other Income lower due to significant recoveries during 2014 QAR m Other Income 317 • Other Income driven by significant items in Damas; recoveries of previously provisioned receivables in Damas. • One-off Gain on Sale of Property of 33m in Q3’15. 91 3QYTD '14 3QYTD '15 9
Slide 10: Outstanding Growth from ICT and All Other Qatar
Outstanding Growth from ICT and All Other Qatar Net Profit Mix 3QYTD ’14 3QYTD ‘15 Axiom (2)% All Other 15% Auto 19% All Other 20% Auto 20% Axiom 1% ICT 24% Damas Damas ICT 35% 23% 44% *Profit before significant items & shared service expenses 10
Slide 11: Normalisation of key lines for significant items
Normalisation of key lines for significant items 1H YTD'15 1H YTD'14 VLY% Q3'15 Q3'14 VLY% 3Q YTD'15 3Q YTD'14 VLY% Gross Profit 701.4 541.3 30% 283.3 273.7 3% 984.6 815.0 21% • Q3 significant items Inventory Provisions 110.0 110.0 driven by a one-off gain Norm. Gross Profit 701.4 651.3 8% 283.3 273
Slide 12: Maintaining Debt and Equity Levels at 50/50
Maintaining Debt and Equity Levels at 50/50 QAR m Net Debt Net Debt to Total Capital* 2,915 2,951 51% 51% 50% 2,803 Q3'14 Q2'15 Q3 '15 Q3 '14 Q2 '15 Q3 '15 *Total Capital adjusted for Acquisition Reserves 12
Slide 13: Mannai Corporation QSC
Mannai Corporation QSC Tel: +974-4455 8888 Fax: +974 4455 8880 www.mannai.com CONTACTS Investor Relations Ewan Cameron Chief Financial Officer email: investor.relations@mannai.com.qa Tel (Direct) : +974-44558844 13
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