Qatar Navigation Qsc · QSE:QNNS

Qatar Navigation Qsc — Qatar Navigation (Milaha) — Q1 2012 Earnings Presentation

10 slides from Qatar Navigation Qsc's earnings presentation, May 9, 2012

  1. Slide 1: Q1 2012 Financials Conference Call

    Q1 2012 Financials Conference Call May 9th, 2012 Doha, Qatar 1

  2. Slide 2: 1st Quarter 2012 vs. 2011 – Financial Highlights

    1st Quarter 2012 vs. 2011 – Financial Highlights 1st Quarter 2012 vs 2011 Financial Highlights (in QR Millions) 700 626 640 600 Revenue up +2% 500 Operating Profit up +9% 400 Net Income up +8% 300 283 263 228 209 200 100 - Q1 2011 Q1 2012 Revenue Operating Profit Net Profit 2

  3. Slide 3: 1st Quarter 2012 vs. 2011 Comparison

    1st Quarter 2012 vs. 2011 Comparison (All amounts in QR 000’s, unless otherwise noted) 2012 2011 Variance OPERATING REVENUE 639,610 625,868 13,742 Salaries, Wages & Benefits (127,092) (105,151) (21,941) Operating Supplies & Expenses (173,698) (204,443) 30,745 Rent Expense (14,280) (19,602) 5,322 Dep

  4. Slide 4: Pillar Overview

    Pillar Overview  Milaha Maritime & Logistics  Milaha Trading – Port Services – Travel & Tourism – Container Shipping – Equipment Trading Agency – Logistics – Marine Equipment Sales & Service – Bulk Shipping – Bunker Sales – Asset Management – Service/Repair Center – Shipyard – Shipping Agencies 

  5. Slide 5: Consolidated Statement of Income, by Pillar

    Consolidated Statement of Income, by Pillar (All amounts in QR 000’s, unless otherwise noted) Consolidated Statement of Income, by Pillar 3 Months Ended, Mar 31, 2012 Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 180,

  6. Slide 6: Pillar Performance YTD

    Pillar Performance YTD  Higher revenues and net profit vs. Q1 2011 – Driven by strong revenue growth in Port Services, mainly attributable to additional revenue streams as a result of the expanded management role at Doha Port – Increase in Container Shipping revenues, driven by increased volume and

  7. Slide 7: Pillar Performance YTD

    Pillar Performance YTD  Decline in revenues and profit vs. Q1  Decline in revenues and profit vs. Q1 2011 2011 – Q1 2011 had non-recurring mobilization – LPG market rates declined dramatically revenues for a new contract in Q1 (significant fluctuation seen – Costs incurred in setting up Saudi quar

  8. Slide 8: Pillar Performance YTD

    Pillar Performance YTD  Decline in revenues and profit vs. Q1  Increased net profit vs. Q1 2011 2011 – Liquidated one fund managed by third – Equipment Sales margins improved party, realizing significant gains vastly, as in Q1 2011 we sold aged – Dividends from Equity Portfolio were inventory at r

  9. Slide 9: Outlook for rest of 2012

    Outlook for rest of 2012  Macro outlook for the pillar is dependent on the timing and speed of infrastructure development in Qatar and the expansion of the industrial exports base in Mesaieed. – Delayed project awards will drive increased volumes but perhaps not until 2013  Port volumes showing up

  10. Slide 10: Outlook for rest of 2012

    Outlook for rest of 2012  Expected to recover performance in Q2  Supply-demand imbalances still acute and beyond as one-time issues have and recovery will be relatively slow been resolved  Tanker and product carrier rate trends  Macro outlook is improving slightly are not encouraging in the shor

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