Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — 3M 2019 Earnings Presentation
28 slides from Quest Holdings Sa's earnings presentation, 2019
Slide 1: Corporate IR Presentation Based on 3M 2019 Financial Results
Corporate IR Presentation Based on 3M 2019 Financial Results
Slide 2: Overview, Financial Performance, Outlook – Strategy 2021
01. - Overview - Financial Performance - Outlook – Strategy 2021 2
Slide 3: Quest Group @ a Glance (3M 2019)
Quest Group @ a Glance (3M 2019) €145m €125m Total Equity Revenues Diversified >38 years Business operations successful track record applying active (est. in 1981) management principles 1.799 Active in : Revenues Headcount • ICT Products* € 65m • IT Services € 25m >30 Countries • Courier/Post € 24m
Slide 4: Business Segment Description
Business Segment Description IT Products IT Services Courier & (Wholesale/ Retail) Electronic Postal Ren. Energy Payments Largest distributor of H/W Leading IT integrator in & Other and S/W products in Greece domestic market ~ 20% Largest Local Courier 40%+ of IT distribution M.Share Operato
Slide 5: P&L (3M 2019) Sales, EBITDA, EBT
P&L (3M 2019) Amounts in ,000 € SALES 140.000 120.000 124.996 100.000 115.862 2019 VS 2015 80.000 96.733 +51,8% 60.000 82.324 87.097 4years CAGR 40.000 +11% 20.000 - 2015 2016 2017 2018 2019 EBITDA 9,5% EBT 14.000 9,2% 10,0% 7.000 5,4% 5,3% 6,0% 2019 VS 2015 12.000 7,3% 6.000 5,0% 8,0% 3,7% 10.000 6
Slide 6: P&L (3M 2019)
P&L (3M 2019) Amounts in ,000 € Amounts in ,000 € 3M 2019 YoY % 3M 2018 Sales 124.996 7,9% 115.862 EBITDA 11.845 10,8% 10.691 % sales 9,5% 9,2% Explanations/Clarifications: EBIT 7.655 2,2% 7.487 % sales 6,1% 6,5% • 3M2019 Results include extraordinary positive effect EBTD 10.829 14,3% 9.478 from rev
Slide 7: Balance sheet (3M 2019)
Balance sheet (3M 2019) Amounts in ,000 € Group Balance Sheet 3M 2019 12M 2018 Tangible & intangible assets 67.803 70.245 Right-off-use assets 20.619 - Goodwill Other 32.222 34.326 31.649 34.186 €347m €145m Non-current assets 154.971 136.081 Total Assets Total Equity Inventories 28.215 26.376 Trade
Slide 8: Cash Flow (3M 2019)
Cash Flow (3M 2019) Amounts in ,000 € Group Cash Flow 3M 2019 3M 2018 EBT 6.638 6.273 Depreciation/Amortization 3.190 3.208 WoC (Change in Inventories, Receivables, Payables) (27.560) (1.260) Tax paid (527) (90) Other operating activities (111) (4.711) Cash flows from operating activities (17.231) 4
Slide 9: Highlights / Outlook by Sector
Highlights / Outlook by Sector o +9% sales growth in 3Μ 2019, driven by market share/e-commerce and retail expansion. IT Products o Focus is on cost optimization, improving profitability and margins and contain WoC. (Wholesale/ Retail) o 1,4m negative provisions taken in Q2 2018, reversed in 3Μ 2019
Slide 10: 3M 2019 Highlights / Group Outlook
3M 2019 Highlights / Group Outlook Highlights Growth in Sales (+8%) vs 3M 2018 Growth in EBT (+6%) & Earnings per Share (+19,5%) vs 3M 2018 Moderate Organic Growth and improvement in operating profitability foreseen for 2019. Q1 Drop in organic profitability (by e-payments vs 2018) will be diminishi
Slide 11: Current Activities Main Growth Focus Areas
Current Activities Main Growth Focus Areas 01 06 Distribution 04 Mobility & IoT Infrastructure Channel 01 Electronic Payments Mobility & IoT 05 Focus 05 02 E-Commerce Infrastructure Areas 02 Electronic Payments E-Commerce 04 Int. Markets 03 06 03 International Inorganic Markets Investments in RE & N
Slide 12: Quest's 2021 Strategy - On good track
Quest’s 2021 Strategy - Οn good track Strategic Orientation Strategic Targets Focus on Growing Areas and 01 Growth Improve Profitability Reach ~€600m Digital Economy Investments Revenues Mobility & IoT 2018-2021 (+50% vs 2016) E-Commerce ~€80m Improve ROE* to ~20% 02 Organizational Invest in Areas w
Slide 13: Appendix
02. Appendix - 3M 2019 Business Segments Analysis - Other Corporate info 13
Slide 14: Segment P&L (3M 2019)
Segment P&L (3M 2019) Amounts in ,000 € IT Products IT Services Courier & Electronic Payments Energy & Other Total Group (Wholesale/ Retail) Postal Sales 65.424 24.966 24.296 9.407 901 20% 19% 8% 0,1% 52% 125.996 3.115 3.349 3.546 Ebitda 1.192 644 10% 28% 5% 26% 30% 11.845 EBITDA Margin 4,8% 4,8% 13
Slide 15: Segment Analysis 3M 2019
Segment Analysis 3M 2019 3M 2019 (€ x 1.000) IT Products ΙΤ Services Courier & Postal Electronic Payments Renewable Energy Unallocated Total Total gross segment sales 74.087 25.276 24.625 9.460 943 - 134.391 Inter-segment sales (8.662) (310) (328) (52) (42) - (9.395) Net sales 65.424 24.966 24.296 9
Slide 16: IT Products (Wholesale/Retail) 3M 2019
IT Products (Wholesale/Retail) 3M 2019 Amounts in ,000 € Other cons. entries Total Sales 2019 39.181 4.640 24.914 5.351 (8.662) 65.424 +9% 2018 37.463 4.182 20.222 4.359 (6.354) 59.872 2019 989 157 1.565 404 (0) 3.115 EBITDA 2018 706 135 568 167 (7) 1.569 +98% EBT 2019 440 95 1.476 68 (7) 2.072 +127
Slide 17: IT Services (3M 2019)
IT Services (3M 2019) Amounts in ,000 € Other cons. entries Total 2019 25.276 (310) 24.966 Sales 2018 21.451 (267) 21.184 18% 2019 1.192 - 1.192 EBITDA 2018 494 - 494 +141% 2019 620 (79) 541 +331% EBT 2018 201 (75) 126 17
Slide 18: Courier & Post (3M 2019)
Courier & Post (3M 2019) Amounts in ,000 € Other cons. entries Total 2019 24.574 (277) 24.296 Sales 2018 24.276 (278) 23.998 +1% 2019 3.337 12 3.349 EBITDA 2018 2.838 0 2.838 +18% 2019 +10% EBT 2018 2.722 12 2.734 2.486 0 2.486 18
Slide 19: Electronic Payments (3M 2019)
Electronic Payments(3M 2019) Amounts in ,000 € Other cons. entries Total 2019 9.460 (52) 9.407 Sales 2018 10.419 (4) 10.415 -10% 2019 3.546 (0) 3.546 EBITDA 2018 5.556 31 5.587 -37% 2019 1.264 (1) 1.262 -55% EBT 2018 2.759 31 2.790 19
Slide 20: Energy & Other Activities (3M 2019)
Energy & Other Activities (3M 2019) Amounts in ,000 € Other cons. entries Total Sales 2019 361 943 (403) 901 +130% 2018 308 464 (381) 392 2019 (30) 674 (0) 644 EBITDA 2018 (65) 267 0 202 +218% 2019 (77) 106 0 29 +175% EBT 2018 (70) 32 0 (39) 20
Slide 21: Corporate Governance
Corporate Governance The management and operation of the Quest Group is based on a modern, dynamic and flexible Corporate Goals Governance model. By applying the core principles of Corporate Governance, the company has set the following goals: Group Corporate Governance: Is in line with Greek
Slide 22: CSR & Sustainability
CSR & Sustainability Strategic CSR Focus CSR and Sustainable Development is a Market: Responsible and Ethical Entrepreneurship, strategic focus for Quest Group. Regulatory Compliance, Continuous Growth, Expansion to new Areas, Total Customer Satisfaction Human Capital: Training and Development
Slide 23: Share & Shareholders Structure
Share & Shareholders Structure Free Float 24% Theodoros Total Capital Return to the Eftychia Fessas Koutsoureli 51% Shareholders (2007-2018) 25% € 89,1m** 1.400 16 Quest share value (€) 1.200 14 1.000 12 General Index 10 € 174m * 800 600 8 Capitalization 400 6 4 200 2 0 0 2014 2015 2016 2017 2018 *O
Slide 24: Quest Group @ a Glance (12M 2018)
Quest Group @ a Glance (12Μ 2018) €140m €498m Total Equity Revenues Diversified >37 years Business operations successful track record applying active (est. in 1981) management principles 1.744 Active in : Revenues Headcount • ICT Products* € 272m • IT Services € 89m >30 Countries • Courier/Post € 10
Slide 25: P&L (12M 2018) Sales, EBITDA, EBT
P&L (12M 2018) Amounts in ,000 € SALES 600.000 500.000 2018 VS 2014 497.680 400.000 436.449 +55,8% 300.000 353.405 388.227 4years CAGR 319.535 +11,7% 200.000 100.000 - 2014 2015 2016 2017 2018 EBITDA EBT 50.000 9,0% 10,0% 30.000 6,0% 8,2% 4,5% 2018 VS 2014 4,8% 40.000 6,8% 8,0% 25.000 5,0% 6,3% +68,
Slide 26: Segment Analysis 12M 2018
Segment Analysis 12M 2018 12M 2018 (€ x 1.000) IT Products ΙΤ Services Courier & Postal Electronic Payments Renewable Energy Unallocated Total Total gross segment sales 302.263 90.205 102.795 33.777 2.278 - 531.319 Inter-segment sales (30.479) (1.525) (1.436) (22) (134) (43) (33.639) Net sales 271.7
Slide 27: Disclaimer
Disclaimer This document might contain estimations and forward-looking statements relating to the Group’s future business, development and economic performance. It also includes statements from sources that have not been independently verified by the Company. Such statements may be subject to a
Slide 28: Thank you
Thank you 28