Mannai Corporation Q.p.s.c. · QSE:MCCS

Mannai Corporation Q.p.s.c — Mannai Corporation Q.S.C. — Q1 2015 Earnings Presentation

14 slides from Mannai Corporation Q.p.s.c's earnings presentation, 2015

  1. Slide 1: Mannai Corporation QSC 1Q'15 Financial Summary

    Mannai Corporation QSC 1Q‘15 Financial Summary

  2. Slide 2: Disclaimer

    Disclaimer Mannai Corporation Q.S.C. cautions investors that certain statements contained in this document state Mannai Corporation’s management's intentions, hopes, beliefs, expectations, or predictions of the future and, as such, are forward-looking statements. Mannai Corporation management wishes

  3. Slide 3: Exceptional core growth across the Qatar business units

    Exceptional core growth across the Qatar business units QAR m Net Profit • First Quarter Profits Up 10% to 165m + 10% 165 • Qatar businesses driving stand-out performance 150 • ICT delivered 75% net profit growth due to outstanding project execution • Auto Group up 19% driven by strong sales from ne

  4. Slide 4: Financial Highlights

    Financial Highlights QAR m 1Q’14 1Q’15 Net Profit 150m 165m 10% Revenues 1,413m 1,615m 14% Gross Profit % 23.8% 23.8% - pts Net Profit % 10.6% 10.2% (0.4)pts Capital Employed 4,484m 5,143m 15% Earnings Per Share 3.29 3.62 10% Return on Equity 30% 31% 1pt 4

  5. Slide 5: Continued track record of solid double digit growth

    Continued track record of solid double digit growth QAR m Net Profit Trend Growth Rate 29% 165 150 87 68 75 65 51 36 22 2007 2008 2009 2010 2011 2012 2013 2014 2015 5

  6. Slide 6: Strong Qatar growth drives balance in international profits

    Strong Qatar growth drives balance in international profits Net Profit* 47% • Qatar profits up 63% driving 19pt mix shift Int’l 68% • International profits lower as a result of one-off recoveries in Damas during 1Q’14 53% Qatar 32% 1Q '14 1Q '15 *Profit before director’s fees & shared services

  7. Slide 7: Qatar Revenues Up 32% highlighting buoyant market

    Qatar Revenues Up 32% highlighting buoyant market QAR m Revenue 1,615 14% 1,413 • Qatar Revenues up 32% with all operating businesses showing positive growth; Auto Group up 54%, ICT Up 26%, All Other Up 27% • Damas revenues slowed (7)% due to lower non-gold sales, down 10% due to softness in luxury

  8. Slide 8: Strong growth from Qatar reduces Damas share of revenue

    Strong growth from Qatar reduces Damas share of revenue Revenue Mix 1Q‘14 1Q‘15 All Other All Other 12% Auto 13% Auto Group Group 18% 22% ICT 25% Damas ICT 28% Damas 37% 46% *Auto Group includes Heavy Equipment Division 8

  9. Slide 9: Solid growth in gross profit with stable margins

    Solid growth in gross profit with stable margins QAR m Gross Profit Gross Margin % 15% +4 bps 23.8% 23.8% 336 385 1Q'14 1Q'15 1Q'14 1Q'15 • Solid 15% growth in Gross Profit 1Q’15% V pts • Auto Group up 23%; lower margins due to mix shift Auto Group 16.8% (2.7) pts towards new car and HED unit sales

  10. Slide 10: Other income reduced due to significant recoveries in 2014

    Other income reduced due to significant recoveries in 2014 QAR m Other Income 80 • Other Income driven by significant items in Damas; recoveries of previously provisioned receivables in Damas of 62m and a property gain of 9m were recognised in 1Q’14. • Recoveries in Damas reduced to 14m in 20 1Q’15

  11. Slide 11: Outstanding growth from ICT and all other Qatar

    Outstanding growth from ICT and all other Qatar Net Profit Mix 1Q’14 1Q‘15 Axiom - All Other 1% 6% Auto Auto Group Axiom 0% All Other Group 11% 14% 13% ICT 14% ICT 25% Damas Damas 70% 48% *Profit before headquarter expenses and directors fees. Auto Group includes Heavy Equipment Division 11

  12. Slide 12: Maintaining target ranges despite increased working capital requirements for Qatar infrastructure projects

    Maintaining target ranges despite increased working capital requirements for Qatar infrastructure projects QAR m Net Debt Net Debt to Total Capital* 3,092 52% 50% 52% 2,733 2,853 Q1' 14 Q4 '14 Q1 '15 Q1 '14 Q4 '14 Q1 '15 *Total Capital adjusted for Acquisition Reserves 12

  13. Slide 13: Normalisation of key lines for significant items

    Normalisation of key lines for significant items 1Q'15 1Q14 VLY% Gross Profit 383.3 335.9 14% • Recoveries of previously provisioned n/a receivables from Damas in drove majority Norm. Gross Profit 383.3 335.9 14% of significant items in 1Q’14. This is reduced in 2015. Other Income 20.3 80.3 (75%) Ga

  14. Slide 14: Mannai Corporation QSC

    Mannai Corporation QSC Tel: +974-4455 8888 Fax: +974 4455 8880 www.mannai.com CONTACTS Investor Relations Ewan Cameron Chief Financial Officer email: investor.relations@mannai.com.qa Tel (Direct) : +974-44558844 14

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