Gulf International Services Qsc · QSE:GISS
Gulf International Services Qsc — Gulf International Services — Investor Presentation (December 2022)
32 slides from Gulf International Services Qsc's investor presentation, Dec 31, 2022
Slide 1: Gulf International Services Investor Relations Presentation
CLASSIFICATION: C0 - NON-CONFIDENTIAL Gulf International Services Investor Relations Presentation 31 December 2022
Slide 2: Disclaimer
CLASSIFICATION: C0 - NON-CONFIDENTIAL DISCLAIMER The companies in which Gulf International Services Q.P.S.C. directly and indirectly owns investments are separate entities. In this presentation, “GIS” and “the Group” are sometimes used for convenience in reference to Gulf International Services Q.P.
Slide 3: Table of Content
CLASSIFICATION: C0 - NON-CONFIDENTIAL TABLE OF CONTENT 1. About GIS 2. Group Structure 3. Board of Directors 4. Competitive advantages 5. Results at a Glance (2015 – 2022) 6. Results at a Glance (For the year ended 31 December 2022) 7. Segmental details 8. Governance structure Gulf International Ser
Slide 4: About GIS
CLASSIFICATION: C0 - NON-CONFIDENTIAL About GIS
Slide 5: About GIS
CLASSIFICATION: C0 - NON-CONFIDENTIAL About GIS • Gulf International Services Q.P.S.C. was • The authorized share capital is QR 2 billion with incorporated as a Qatari joint stock an issued share capital consisting of 1.85 Billion company on February 12, 2008. ordinary shares and 1 special share, wi
Slide 6: Group Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Group Structure • Through group companies, Gulf International Services operates in four distinct segments - insurance and reinsurance, drilling, aviation services and catering services. • QatarEnergy owns 10% of GIS shares, and General Retirement and Social Insu
Slide 7: Board of Directors
CLASSIFICATION: C0 - NON-CONFIDENTIAL Board of Directors The Board of Directors of the group consists of: Sheikh Khalid bin Khalifa Al Thani Chairman Mr. Saad Rashid Al-Muhannadi Mr. Ghanim Mohammed Al Kuwari Vice Chairman Member Mr. Ali Jaber Hamad Al-Marri Sheikh Jassim Abdulla Al-Thani Member Mem
Slide 8: Competitive Advantages
CLASSIFICATION: C0 - NON-CONFIDENTIAL Competitive Advantages • The only Qatari drilling • Sole provider of oil & gas services provider. helicopter services in Qatar • Maintaining market share of • One of the largest operator over 50% of offshore and in the MENA. 100% on shore oil & gas • Modern and
Slide 9: GIS initiatives Update (AMWAJ/ALKOOT)
CLASSIFICATION: C0 - NON-CONFIDENTIAL GIS initiatives Update (AMWAJ/ALKOOT) AMWAJ MERGER: • As per the latest press release on 20th Feb, 2023, GIS had concluded the negotiation to merger Amwaj with with Shaqab & Atyab (subject to shareholder approval). • This merger is expected to bring more value i
Slide 10: Results at a glance (2015-2022)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a glance (2015-2022)
Slide 11: Results at a Glance (2015-2022)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance (2015-2022) Revenue (QR million) Net profit (QR million) • Revenue for 2022 recovered significantly on account of constructive business dynamics with better macroeconomic context • Net profit improved significantly during 2022, owing to robus
Slide 12: Results at a glance (For 2022)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a glance (For the year ended 31 December 2022)
Slide 13: Results at a Glance For 2022
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance For the year ended 31 December 2022 Revenue (QR million) YE-22 vs YE-21: Revenue growth from aviation, drilling and catering segments led to an overall increase in the Group revenue. However, this was partially offset by negative growth noted
Slide 14: Results at a Glance For 2022
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance For the year ended 31 December 2022 Cash Balance (including Short- Term investments - QR million) Cash balance improved compared to last year-end. Growth in cash and cash equivalents is mainly attributed to an overall increase in the Group’s
Slide 15: Net Profit
CLASSIFICATION: C0 - NON-CONFIDENTIAL Net Profit For the year ended 31 December 2022 Amounts reported in QR’ millions 1 Profitability improved mainly due to the overall increase in revenues. This was partially offset by increase in direct costs, general & admin. expense and net finance cost. Additio
Slide 16: Segmental Details
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details
Slide 17: Segmental Details: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Drilling Segment ▪ Gulf Drilling International (GDI) incorporated in 2004 as a joint venture between QatarEnergy (60%) and Japan Drilling Company (40%). ▪ In 2014, GIS acquired the remaining stake of GDI, resulting in GDI becoming a wholly owne
Slide 18: Segmental Details: Drilling Segment 2022
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the year ended 31 December 2022 Drilling Segment Revenue • YE-22 vs YE-21: revenue increased mainly due to QR million redeployment of two suspended onshore rigs during 3Q- 21, application of new rig day-rates for the offshore fleet since Ju
Slide 19: Segmental Details: Drilling Rig Utilization
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the year ended 31 December 2022 Drilling Segment 1 Rig utilization (%) • YE-22 vs YE-21: Rig utilization improved, mainly due to GDI-5, GDI-7 & GDI-8 being deployed during the year, in addition to the two liftboats being on contract. • 4Q-2
Slide 20: Segmental Details: Aviation Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Aviation Segment ▪ Gulf Helicopter Company (GHC) is one of the leading commercial aviation service provider. With global footprints extending from Europe , Africa, Middle East, and South Asia with a fleet of 61 aircrafts; ▪ GHC has 3 Direct sub
Slide 21: Segmental Details: Aviation Segment 2022
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the year ended 31 December 2022 Aviation Segment Revenue • YE-22 vs YE-21: increase was mainly attributed to higher QR million flying hours, coupled with growth in revenue noted across all the operations. • 4Q-22 vs 3Q-22: segment revenue d
Slide 22: Segmental Details: Aviation Flying Hours
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the year ended 31 December 2022 Aviation Segment Actual Flying hours • Aviation segment continue to witness improved performance with better flying activity within both domestic and international operations. Revenue Mix QR 722 m QR 915 m •
Slide 23: Segmental Details: Insurance Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Insurance Segment ▪ Alkoot insurance, incorporated in 2003, is mainly engaged in business of medical and general insurance and reinsurance activities, except for vehicle insurance & individual insurance against risk of death and accidents. ▪ In
Slide 24: Segmental Details: Insurance Segment 2022
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the year ended 31 December 2022 Insurance Segment • YE-22 vs YE-21: Decline in revenue was mainly linked Revenue to loss of two insurance contracts within medical line of QR million business. This decline was partially offset by growth in p
Slide 25: Segmental Details: Insurance Claims and Investment Income
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the year ended 31 December 2022 Insurance Segment • YE-22 vs YE-21: Actual claims incurred declined on Actual claims incurred (QR ‘millions) last year, mainly due to decrease in claims across the businesses (medical & general). • 4Q-22 vs 3
Slide 26: Segmental Details: Catering Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Catering Segment ▪ Amwaj Catering Services Company, incorporated in 2006 as a wholly-owned subsidiary of QatarEnergy ▪ Amwaj was subsequently acquired by GIS in 2012. ▪ Amwaj Provides diverse services which include: • Business & Industrial cate
Slide 27: Segmental Details: Catering Segment 2022
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the year ended 31 December 2022 Catering Segment Revenue • YE-22 vs YE-21: Revenue improvement was mainly QR million driven by the growth noted within the manpower segment on the back of realizations from a new contract won during latter pa
Slide 28: Segmental Details: Catering Revenue Mix
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the year ended 31 December 2022 Catering Segment Revenue mix QR 361 m QR 568 m • Manpower and catering businesses continue to remain key contributors to segmental revenues. Gulf International Services, Investor Relations Presentation 27
Slide 29: Governance Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Governance Structure
Slide 30: Governance Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Governance Structure Board Structure Governance and Compliance • GIS Board of Directors consists of seven • GIS is firmly committed to implementing the (7) Directors, three (3) Directors of whom principles of good governance set out in the were appointed by the
Slide 31: Governance Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Governance Structure Remuneration • Board of Directors Disclosure and Transparency • The Company has developed a periodically • The Board ensures that all disclosures are made in revisited remuneration policy for Board accordance with the requirements set by reg
Slide 32: For further information, Gulf International Services can be contacted
CLASSIFICATION: C0 - NON-CONFIDENTIAL For further information, Gulf International Services can be contacted as follows: Telephone: (974) 4013 2088 Fax: (974) 4013 9750 Email: gis.investorrelations@qatarenergy.qa or gis@qatarenergy.qa Address: P.O. Box 3212, Doha, State of Qatar Please refer to www.g
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