Bindawood Holding Company · TADAWUL:4161
Bindawood — Q2 2022 Earnings Presentation
15 slides from Bindawood's earnings presentation, Aug 24, 2022
Slide 1: Earnings Call Q2 2022
EARNINGS CALL Q2 2022 24th August 2022 BinDawood Holding HQ Jeddah, KSA
Slide 2: Disclaimer
Disclaimer This presentation has been prepared for information and background purposes only. It has not been independently verified, and no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information contained herein, and no re
Slide 3: Today's Presenters
Today’s Presenters Ahmad AR. BinDawood Muhammad Salim Patka Hassan Javaid Chief Executive Officer Chief Financial Officer Head of Investor Relations 2
Slide 4: CEO Message
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Slide 5: CEO Message: H1 2022 Overview
CEO Message H1 2022 Overview Our strong start to the year in terms of sales has been driven by a return of pilgrims for Hajj and Umrah, coupled with marketing campaign carried out during Ramadan and Back to School seasons. The slight reduction in gross margin was due to the affect of marketing campa
Slide 6: Trading Update
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Slide 7: Revenue Bridge (H1 2021 vs H1 2022)
Q1 2022 Trading Update (1/6) Revenue Bridge (H1 2021 vs H1 2022) & (Q2 2021 vs Q2 2022) o Revenue in H1’22 is improved by +6.6% vs H1’21 due to: o Significantly improved sales performance of Haramain stores owing to increase in footfall of local and foreign pilgrims. o Growth in sales performance of
Slide 8: Customer Count and Basket Size
H1 2022 Trading Update (2/6) Customer Count and Basket Size Customer Count Basket Size Count in millions (SR) Count in SR 23.8 20.1 110.1 106.7 12.5 10.4 100.3 97.4 H1'22 H1'21 Q2'22 Q2'21 H1'22 H1'21 Q2'22 Q2'21 o Total footfall increased by +18.4% in H1’22 v H1’21 and by +20.2% in Q2’22 v Q2’21 o
Slide 9: Financial Performance: Gross Profit
H1 2022 Trading Update (3/6) Financial Performance (SARm) Gross Profit 761.8 772.8 32.6% 32.6% 33.2% 34.4% 31.8% 32.4% 32.8% 32.4% 33.2% 32.6% 32.6% 32.4% 25.4% 378.1 399.4 35.2%32.8% 35.2% 34.4% 32.6% 25.4% 33.2% 32.8% 35.6% 32.3% 35.2% 31.0% 35.2% 34.4% 33.2% 34.4% 33.2% 33.2% 34% 32% 36% 32% 33%
Slide 10: Profitability: Adjusted EBITDA and Net Income
H1 2022 Trading Update (4/6) Profitability (SARm) Adjusted EBITDA1 Net Income 412 157.1 18.4% 35415.7% 18.4% 22.3% 15.9%18.5% 15.7% 7% 7% 18.2% 14.8% 5.5% 14.8% 5.5% 8.7% 107.8 18.4%s 15.9% 95.0 18.5% 215 28.9% 4.5% 18.5% 181 4.5% 18.5% 173 19.1% 18.5% 18.5% 8.7% 8.5% 65.5 5.5% 8.5% 18.5% 19.1% 20%
Slide 11: Cash Flows
H1 2022 Trading Update (5/6) Cash flows (SARm) Adjusted CFO Adj. CFO1/ Adj. 151% 111% 231% 133% EBITDA2 535.0 455.8 418.2 18.5% 18.5% 8.7% 8.7% 15.9% 33.2% 15.7% 8.7% 33.2% 20% 18% 33.2% 18.5% 18% 18.5% 18.5% 9.7% 11% 17% 16% 18%18% 33% 18.5% 5.5% 33.2% 18.4% 6.8%6.8% 7% 262.3 20% 18.4% 7.0% 18.5% 7
Slide 12: Key Cashflow and Balance Sheet Items
Q1 2022 Trading Update (6/6) Key Cashflow and Balance Sheet Items (SARm) Trade o Trade Working capital decreased by Working -17.7% despite an increase in Inventory • Trade Working Capital (TWC)1 Capital balances to ensure stock availability 479 582 601 Inventory for Hajj season. TWC And 370 445 Acco
Slide 13: Concluding Remarks & Q&A
Concluding Remarks & Q&A 0403 12
Slide 14: Key Focus Areas
Concluding Remarks & Q&A Key Focus Areas o 2 express stores opened. o 8 more Danube stores to open including: Organic Growth o i) 2 express stores; ii) 1 hypermarket in Bahrain; iii) 1 supermarket in Riyadh; iv) 2 supermarkets in Jeddah; v) 1 hypermarket in Tabuk; and vi) 1 pastry shop in Jeddah o A
Slide 15: Sinag!a on
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