Qatar National Cement Co. · QSE:QNCD
Qatar National Cement — FY2021 Earnings Presentation
18 slides from Qatar National Cement's earnings presentation, Feb 3, 2022
Slide 1: Financial Summary for Year ended 31 Dec 2021
Financial Summary for Year ended 31 Dec 2021 Feb 03, 2022 Doha, Qatar Qatar National Cement Co. (Q.P.S.C)
Slide 2: Table of Contents
TABLE OF CONTENTS •Company Profile •Financial Highlights and Financial Performance •Other Financial Information •Outlook
Slide 3: Disclaimer
Disclaimer The information contained herein has been prepared by Qatar National Cement Co. Q.P.S.C (QNCD). QNCD relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. This presentation has been prepared for information purposes only a
Slide 4: Company Profile
Company Profile •Established in 1965 with Emiri Decree No. 07. •Major Producer and Seller of OPC,SRC Cement and Washed Sand in the State of Qatar. •4 Cement Plants, 2 Sand Washing Plants and Calcium Carbonate Plant. •Total Cement Production Capacity of 19,000 T.P.D. •Total Sand Washing Plant Product
Slide 5: Major Shareholders
Major Shareholders Shareholder Name Total Securities Ownership % Owned QATAR INVESTMENT AUTHORITY 160,469,890 24.55% QATAR GENERAL RETIREMENT AND 104,829,160 16.04% SOCIAL INSURANCE AUTHORITY AL-MANA CAPITAL HOLDING 34,748,680 5.32% QATAR GENERAL MILITARY RETIREMENT 34,662,030 5.3% AND SOCIAL INSURA
Slide 6: Ownership Breakdown
Ownership Breakdown No. of Investor by Nationality Ownership % by Nationality Qatari 2,851 GCC 71 Foreginers 229. Arab 111 Qatari 87.40% GCC 1.09% Foreigners 2.82% Arab 0.53%
Slide 7: Significant Achievement
Significant Achievement • Cover market demand for all types of cement, washed sand and calcium carbonate. • Successfully settled the Ministry of Environment and Municipality claim of QAR 68m by amicably agreeing to pay QAR 34m in 5 annual installment without additional penalty and interest. •We succ
Slide 8: QNCD Dashboard
QNCD Dashboard Revenue GP NP QAR 825m 25% QAR267m 61% QAR 225m 51% Proposed Washed Sand Sales Cash Bal. QAR 699m 137% Dividend 30% 50% volume 6.3mt 25% Cement Washed Sand Cement Sales Production Production Volume 2.6mt 30% volume 2.8mt 40% volume 6.7mt 26%
Slide 9: Income Statement for the Year ended Dec 31, 2021
Income Statement for the Year ended Dec 31,2021 (All amounts in Qr. (000)) 2021 2020 % Sales 824,402 659,622 25 Cost of Sales (557,764) (494,119) 13 Gross Profit 266,637 165,503 61 Other Income 43,092 23,380 84 Expense related to legal claim (34,487) - 100 Impairment of PPE (13,881) - 100 Selling &
Slide 10: Financial Performance for the Year ended 31 Dec 2021: Revenue and Cost
Financial Performance for the Year ended 31, Dec 2021 (All amounts in Qr. (000)) Revenue 900000 25% increase is mainly due to increase in cement 800000 volume by 30% and 24% in washed sand. •. 700000 Cost of Revenue 600000 500000 The cost of revenue has increased by 13% mainly in Revenue line with i
Slide 11: Quarterly analysis of Revenue & Cost of Sales
Financial Performance for the Year ended 31, Dec 2021 (All amounts in Qr. (000)) Quarterly analysis of Revenue & Cost of Sales 250,000 200,000 150,000 100,000 50,000 - Q1 2021 Q2 2021 Q3 2021 Q4 2021 Revenue Cost of Sales
Slide 12: Financial Performance: Gross Profit and Net Profit
Financial Performance for the Year ended 31, Dec 2021 Gross Profit 35% 61% increase in GP driven by following factors: •Increase in volumes due to market demand; and 30% •cost control initiatives taken by management. 25% Net Profit 20% 51% increase in NP is mainly due to increase in other 15% GP NP
Slide 13: Financial Performance: Liquidity and Equity Ratios
Financial Performance for the Year ended 31, Dec 2021 Liquidity ratio Curr. ratio Current ratio decreased to 6.35 times as compare to 7.14. 8.00 However, quick ratio stands at 4.67 times as compared to 3.81 times. 6.00 4.00 Curr. Ratio Quick ratio 2.00 - 2021 2020 Equity to total Assets ratio Equity
Slide 14: Segment Performance for the Year ended 31 Dec 2021
Segment Performance for the Year ended 31, Dec 2021 (All amounts in Qr. (000)) Segment wise Revenue & Cost of Sales 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - Cement Washed Sand Others Revenue Cost of Sales
Slide 15: Strong Dividend Payout History
Strong Dividend Payout History 70% Distributions% Bonus Dividend Dividend Shares 60% Sr# Description Distribution Amount (QAR) % % 50% 1 2021 30 0.30 - 40% 2 2020 20 0.2 - 30% 3 2019 30 **0.3 - 4 2018 50 5 20% 4 2017 45 4.5 - 10% 5 2016 50 5 10 6 2015 50 5 10 0% 7 2014 50 5 10 Distributions% 2021 20
Slide 16: Share Capital
Share Capital Share Capital Qr. 700,000 600,000 500,000 400,000 300,000 Share Capital Qr. 200,000 100,000 - 2021 2020 2019 2018 2017 2016 2015 2014 2013
Slide 17: Net Worth
Net Worth Net worth Qr. 3,500,000 3,000,000 2,500,000 2,000,000 Net worth Qr. 1,500,000 1,000,000 500,000 - 2021 2020 2019 2018 2017 2016 2015 2014 2013
Slide 18: 2022 at glance
2022 at glance • We will carry on to add value to our shareholder’s wealth by exploiting available profitable opportunities. • We will press ahead with the maximum utilization of available production capacity in order to satisfy local market needs with high quality products at reasonable prices. • W