Mezzan Holding Company Kscc · KSE:MEZZAN
Mezzan Holding Company Kscc — Mezzan Holding Company — Q3 2024 Earnings Presentation
15 slides from Mezzan Holding Company Kscc's earnings presentation, Nov 11, 2024
Slide 1: Q3 2024 Earnings Presentation
Q3 2024 Earnings Presentation November 11, 2024 1
Slide 2: Disclaimer
Disclaimer This conÞdential document is provided for informational purposes only. THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES IN ANY JURISDICTION. IT IS SOLELY FOR US
Slide 3: Agenda
Agenda Q3 2024 Highlights Results Financial Review Q&A 3
Slide 4: Mezzan Today: Earnings Highlights
Mezzan Today: Earnings Highlights KD Millions Q3 EBITDA (2021-2024) Q3Õ24 Q3Õ23 % Diff YTDÕ24 YTDÕ23 % Diff KD Millions Revenue 68.6 65.2 +5.2% 220.7 205.5 +7.4% Gross Margin 16.5 14.5 +14.3% 51.5 44.0 +16.9% 6.8 GM% 24.1% 22.2% 23.3% 21.4% 6.0 5.2 EBITDA 6.8 6.0 +13.7% 23.8 19.9 +19.6% 6.9% CAGR Ne
Slide 5: Mezzan Today: Q3 Comparative Performance
Mezzan Today: Q3 Comparative Performance KD Millions Q3 Revenue Q3 Gross Profit Q3 Net Profit Attributable to equity holders of Parent Company 68.6 16.5 65.2 2.7 60.6 14.5 57.2 2.3 2.2 11.0 11.5 4.6% 10.6% 4% CAGR CAGR CAGR -8.4 2021 2022 2023 2024 2021 2022 2023 2024 2021 2022 2023 2024 Q3 2024 mar
Slide 6: Financial Review
Financial Review 6
Slide 7: YTD'24 Revenue: Contribution by Business Line
YTDÕ24 Revenue: Contribution by Business Line FOOD REVENUE +7.1% NON-FOOD REVENUE +7.9% Vs.YTDÕ23 Vs.YTDÕ23 65.2% Share of of total Group 34.8% Share of of total Group Revenue Revenue 7
Slide 8: YTD'24 Revenue: Growth by Business Division
YTDÕ24 Revenue: Growth by Business Division Vs.YTDÕ23 Manufacturing FOOD &Distribution 53.6% of Group revenue +8.8% +7.1% Catering 5.8% of Group revenue -16.8% +7.4% Services 5.8% of Group revenue +25.1% NON-FOOD FMCG & +7.9% Healthcare 32.9% of Group revenue +9.2% Industrials 1.9% of Group revenue
Slide 9: YTD'24 Revenue: Contribution and Growth by Country
YTDÕ24 Revenue: Contribution and Growth by Country Top-line Contribution Vs.YTDÕ23 Kuwait UAE Qatar Jordan* KSA 73.3% 12.7% 5.3% 6.2% 2.4% +8.0% +8.3% -19.9% +41.3% -1.5% * Includes the venture business in Iraq. 9
Slide 10: YTD'24: P&L
YTDÕ24: P&L KD Millions Q3Õ24 Q3Õ23 % Diff YTDÕ24 YTDÕ23 % Diff Revenue 68.6 65.2 5.2% 220.7 205.5 7.4% Gross Margin 16.5 14.5 14.3% 51.5 44.0 16.9% GM % 24.1% 22.2% 23.3% 21.4% SG&A / Other -11.9 -10.6 12.4% -34.2 -30.6 -11.8% Operating ProÞt 4.6 3.9 19.7% 17.2 13.4 28.5% Other -1.6 -1.5 7.6% -4.7 -4
Slide 11: YTD'24: Cashflow
YTDÕ24: Cashflow KD Millions Q3Õ24 Q3Õ23 Diff YTDÕ24 YTDÕ23 Diff Operating cashßow before WC changes 7.8 6.2 1.6 25.0 20.6 4.3 Working capital / Other -2.4 -0.9 -3.3 -12.1 -6.2 -5.9 Operating cashßow 5.4 7.1 -1.7 12.9 14.4 -1.5 CAPEX / Other Investing Activities -3.3 -1.1 -2.2 -8.4 -4.1 -4.4 Cash ßow
Slide 12: Balance Sheet as of September 30, 2024
Balance Sheet as of September 30, 2024 KD Millions Total Assets Equity Net Debt Net Debt to Total Equity KD Millions KD Millions KD Millions % 289.3 66.8 125.9 65.1 63.6 61.0% 267.5 270.8 264.8 55.0% 120.1 53.4 53.0% 116.1 44.0% 106.5 2021 2022 2023 2024 2021 2022 2023 2024 2021 2022 2023 2024 2021
Slide 13: A note on debt levels
A note on debt levels KD Millions Maintained a stable Net Debt/EBITDA ratio of 2.1x despite a KD 3.2 million increase in net debt, driven by KD 4.6 million in CAPEX and KD 3.3 million in dividends year-over-year. 12.2 5.5 4.3 4.1 3.9 3.0 2.1 2.3 2.4 2.2 2.1 2.1 2.1 1.9 51.0 53.4 53.0 58.2 67.7 65.1
Slide 14: Q&A
Q&A 14
Slide 15: Investor Relations Contact
Investor Relations Contact Omar Fouda Investor Relations Manager omar.fouda@mezzan.com 15
Mezzan Holding Company — Q3 2024 Earnings Presentation on 6ix