Qatar Navigation Qsc · QSE:QNNS
Qatar Navigation Qsc — Qatar Navigation (Milaha) — Q1 2013 Earnings Presentation
12 slides from Qatar Navigation Qsc's earnings presentation, May 2, 2013
Slide 1: Q1 2013 Financials Conference Call
Q1 2013 Financials Conference Call May 2nd, 2013 Doha, Qatar 1
Slide 2: Key Financial Highlights
Key Financial Highlights Revenue Net Profit (in QR 000's) (in QR 000's) 800,000 400,000 700,000 350,000 600,000 300,000 500,000 250,000 400,000 200,000 300,000 150,000 200,000 100,000 100,000 50,000 - - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2011 2012 2013 2011 2012 2013 Confidential - Not for Distribution 2
Slide 3: Q1 2013 vs Q1 2012 - Comparison
Q1 2013 vs Q1 2012 - Comparison (All amounts in QR 000’s, unless otherwise noted) 2013 2012 Variance OPERATING REVENUE 691,605 631,614 59,991 Salaries, Wages & Benefits (153,726) (128,783) (24,943) Operating Supplies & Expenses (145,535) (161,642) 16,107 Rent Expense (15,186) (14,280) (906) Deprecia
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
Slide 5: Consolidated Statement of Income, by Pillar – Q1 2013
Consolidated Statement of Income, by Pillar – Q1 2013 (All amounts in QR 000’s, unless otherwise noted) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 216,034 132,196 42,671 74,656 282,168 - (56,120) 691,605 Salaries,
Slide 6: Consolidated Statement of Income, by Pillar – Q1 2012
Consolidated Statement of Income, by Pillar – Q1 2012 (All amounts in QR 000’s, unless otherwise noted) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 180,547 122,968 43,798 86,162 280,518 - (82,379) 631,614 Salaries,
Slide 7: Pillar Performance
Pillar Performance 20% Revenue Growth and 61% Net Profit Growth vs. Q1 2012 o Driven largely by port services and container shipping activities o Ports: o Strong volume growth o Significant focus on efficiency and process improvement initiatives (hand-in-hand with Mwani) in Doha Port o Increase in
Slide 8: Pillar Performance
Pillar Performance 8% Growth in Revenues and 16% 3% Decline in Revenues and 51% Growth in Net Profit vs. Q1 2012 Growth in Net Profit vs. Q1 2012 o One new vessel in the fleet o Weaker rates for 2 tankers operating in o One-time operational issues from Q1 a pool in the crude trade 2012 rectified
Slide 9: Pillar Performance
Pillar Performance 13% Decline in Revenues and 8% 1% Growth in Revenues and 14% Decline in Net Profit vs. Q1 2012 Growth in Net Profit vs. Q1 2012 o Increased equipment & marine sales tied o Q1 2012 had QR 73M benefit from in large part to infrastructure liquidation of 1 fund, which did not deve
Slide 10: Outlook for Q2-Q4 2013
Outlook for Q2-Q4 2013 Overall outlook for the pillar is positive as infrastructure projects take off Port and container volumes showing upward trend, although expect the ride to be bumpy Increased trade volumes expected to have trickle-down effect on other activities such as shipping agency,
Slide 11: Outlook for Q2-Q4 2013
Outlook for Q2-Q4 2013 Expected to perform better in 2013 as Cautiously optimistic about rates for operational issues from 2012 have Medium Range (MR) and Handy vessels mostly been rectified 4 vessels coming off charter or being Will assume delivery of 2 Anchor removed from pools in Q2 and Q
Slide 12: Outlook for Q2-Q4 2013
Outlook for Q2-Q4 2013 Expected moderate growth, particularly Expect investment portfolio to in trucks and heavy equipment sales, benefit from robust economy which is tied to infrastructure growth Some major IPOs in Qatar on the horizon We will continue real estate development projects in pi
Qatar Navigation (Milaha) — Q1 2013 Earnings Presentation on 6ix