Qatar Navigation Qsc · QSE:QNNS

Qatar Navigation Qsc — Qatar Navigation (Milaha) — FY2014 Earnings Presentation

17 slides from Qatar Navigation Qsc's earnings presentation, Mar 2, 2015

  1. Slide 1: FY 2014 Financials Conference Call

    FY 2014 Financials Conference Call Mar 2nd, 2015 Doha, Qatar 1

  2. Slide 2: Quarterly Financial Highlights

    Quarterly Financial Highlights (All amounts in QR Millions) Revenue Net Profit 800 800 729 703 700 699 653 700 632 595 600 560 560 600 545 504 528 515 500 500 400 400 349 345 303 300 284 300 224 228 209 198 200 197 200 157 169 172 100 100 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2012 2013 2014 2012 2013 2014 2

  3. Slide 3: Statement of Income, Consolidated

    Statement of Income, Consolidated (All amounts in QR Millions) 2012 2013 2014 Variance OPERATING REVENUE 2,291 2,305 2,626 321 Salaries, Wages and Benefits (564) (615) (634) (19)  Revenue Up +14% Operating Supplies and Expenses (773) (626) (845) (220) Rent Expenses (55) (57) (61) (5)  Operating Pr

  4. Slide 4: Activities by Segment

    Activities by Segment Maritime & Gas & Offshore Trading Capital Logistics Petrochem • Port Services • Vessel Charter & • LNG Transport • Heavy Equipment • Real Estate Operations and Truck Agency Development and • Container Shipping • LPG Transport Management • Diving & Subsea • Bunker Distribution •

  5. Slide 5: Net Income, by Segment

    Net Income, by Segment (All amounts in QR Millions) Core Non-Core +59% 433 +5% 397 378 273 v ‐47% ‐3% 173 117 113 92 +67% 9 15 2013 2014 2013 2014 2013 2014 2013 2014 Maritime & Logistics Offshore Gas & PetroChem Trading Capital 53% Unfavorable Favorable 5

  6. Slide 6: Statement of Income, by Segment – FY 2014

    Statement of Income, by Segment – FY 2014 (All amounts in QR Millions) Maritime & Gas & Eliminations/ Offshore Trading Capital Corporate Consolidated Logistics Petrochem Adjustments Operating Revenue 925 587 268 396 631 - (181) 2,626 Salaries, Wages and Benefits (195) (199) (87) (17) (10) (127) 1 (6

  7. Slide 7: Statement of Income, by Segment – FY 2013

    Statement of Income, by Segment – FY 2013 (All amounts in QR Millions) Maritime & Gas & Eliminations/ Offshore Trading Capital Corporate Consolidated Logistics Petrochem Adjustments Operating Revenue 834 595 179 281 611 - (196) 2,305 Salaries, Wages and Benefits (178) (191) (82) (15) (15) (134) 1 (6

  8. Slide 8: Segment Performance

    Segment Performance (All amounts in QR Millions) FY 2014 FY 2013 OPERATING REVENUE 925 834  11% Revenue Growth and -3% Net Profit Decline vs Salaries, Wages and Benefits (195) (178) 2013 Operating Supplies and Expenses (370) (311) Rent Expenses (7) (5) o Revenue increase of QR 91M driven by: Deprec

  9. Slide 9: Segment Performance

    Segment Performance (All amounts in QR Millions) FY 2014 FY 2013 OPERATING REVENUE 587 595  3% Decline in Revenues and 47% Decline in Net Salaries, Wages and Benefits (199) (191) Profit vs 2013 Operating Supplies and Expenses (116) (80) Rent Expenses (7) (6) o Revenue decrease of QR (8)M driven by:

  10. Slide 10: Segment Performance

    Segment Performance (All amounts in QR Millions) FY 2014 FY 2013 OPERATING REVENUE 268 179  49% Growth in Revenues and 58% Growth in Net Salaries, Wages and Benefits (87) (82) Profit vs 2013 Operating Supplies and Expenses (50) (56) Rent Expenses (3) (2) o Revenue increase of QR 89M driven by: Depr

  11. Slide 11: Segment Performance

    Segment Performance (All amounts in QR Millions) FY 2014 FY 2013 OPERATING REVENUE 396 281  41% Growth in Revenues and 68% Growth in Net Salaries, Wages and Benefits (17) (15) Profit vs 2013 Operating Supplies and Expenses (336) (230) Rent Expenses (2) (1) o Revenue increase of QR 115M driven by: D

  12. Slide 12: Segment Performance

    Segment Performance (All amounts in QR Millions) FY 2014 FY 2013 OPERATING REVENUE 631 611  3% Growth in Revenues and 5% Growth in Net Salaries, Wages and Benefits (10) (15) Profit vs 2013 Operating Supplies and Expenses (127) (116) Rent Expenses (51) (50) o Revenue increased QR 20M , driven by Dep

  13. Slide 13: Outlook

    Outlook  Macro: Expect continued volume growth from increased project activity in lead up to 2022 World Cup; positive impact on revenues across most business units in the segment  Ports: Likely further restructuring at Doha Port to increase capacity to 750,000 TEUs; decision on NPP operator expect

  14. Slide 14: Outlook

    Outlook  Macro: Global market downturn underway as E&P capex is slashed in response to lower oil prices; significant uncertainty in short term  Expect much stronger year overall than 2014 despite downturn  Full year revenues on DSV Shaddad to boost diving services unit  Deployment of new vessels

  15. Slide 15: Outlook

    Outlook  Positive outlook for 2015, as  VLGCs: Rates expected to stabilise at lower levels than 2014 record highs; vessels put on time charter, therefore lower (but still high) profits than 2014 but no volatility  Jointly owned LNG carriers: limited fluctuation due to long term nature of contract

  16. Slide 16: Outlook

    Outlook  Expect to maintain the strong momentum in 2015 for Navigation Trading Agencies (NTA) as sales of heavy duty trucks and earth moving equipment continue to grow, driven by ramp up in infrastructure project execution in Qatar  Positive knock-on effect on service  Impact of lower oil prices

  17. Slide 17: Outlook

    Outlook  Financial investments: Listed equity portfolio performance bound by Qatar Exchange performance and volatility  Lower energy prices may impact government spending over the course of 2015 and restrain equity market growth  Real Estate investments: Expect bump in Real Estate rental revenues

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