Rak Ceramics Pjsc · ADX:RAKCEC
Rak Ceramics Pjsc — Q1 2025 Earnings Presentation
24 slides from Rak Ceramics Pjsc's earnings presentation, May 2025
Slide 1: Earnings Presentation – Q1 2025 Results
EARNINGS PRESENTATION – Q1 2025 RESULTS MAY 2025
Slide 2: Agenda
Agenda 01 | Executive Summary 02 | Business Highlights 03 | Q1 2025 Financial Results Update 04 | Trading Update 05 | Closing Remarks 06 | Appendix
Slide 3: Speakers
EARNINGS PRESENTATION Q1 2025 Speakers Abdallah Massaad is Group CEO of RAK Pramod Kumar Chand is Group CFO of Ceramics and has more than 26 years RAK Ceramics. Mr. Chand has wide experience in ceramics manufacturing, experience in dealing with corporate sales management, product marketing finance m
Slide 4: Disclaimer
EARNINGS PRESENTATION Q1 2025 Disclaimer This information contained in the enclosed presentation summarizes preliminary assessed. No assurance can be given that future events will occur or that the and introductory information on RAK Ceramics PJSC (the Company). This company’s assumptions are correc
Slide 5: Business Highlights
Business Highlights Speaker: Abdallah Massaad Group CEO
Slide 6: Global Business Presence
EARNINGS PRESENTATION Q1 2025 Global Business Presence Where we sell What we sell (Revenue Mix) Europe Rest of World 23% 8% Middle East 6% Tiles Sanitaryware 58% 14% KSA BANGLADESH Tableware Faucets Others 9% 6% India 12% 11% 14% 3% UAE 38% Capacity 118MN 5MN 36MN 2.6MN Square metres of tiles Pieces
Slide 7: Q1 2025 Business Performance Highlight
EARNINGS PRESENTATION Q1 2025 Q1 2025 Business Performance Highlight Segment Highlights Tiles & Sanitaryware Market Highlights UAE: Registered a strong 4.5% YoY revenue growth, driven by Tiles revenue recorded growth in both volumes (+5.7%) and value continued boom in real estate sector and favo
Slide 8: Key Challenges – Q1 2025
EARNINGS PRESENTATION Q1 2025 Key Challenges – Q1 2025 Core Markets Key Challenges Our Actions • In order to compete with Indian & Chinese entry level tiles, we Import of cheaper products has increased on account of free UAE trade agreements signed between UAE and other countries are in process of s
Slide 9: Key Strategic Updates -2025
EARNINGS PRESENTATION Q1 2025 Key Strategic Updates -2025 • Our Tiles Division is undergoing an upgrade with cutting- • We are enhancing our retail presence and edge technology to manufacture differentiated, large-format elevating the in-store experience to better engage UAE tiles catering to high-e
Slide 10: Q1 2025 Financial Performance Update
Q1 2025 Financial Performance Update Speaker: PK Chand Group CFO
Slide 11: Financial Snapshot – Q1 2025
EARNINGS PRESENTATION Q1 2025 Financial Snapshot – Q1 2025 PROFIT BEFORE TAX NET PROFIT AFTER TAX REVENUE GROSS MARGIN AED 776.5M 39.7% AED 64.5M AED 48.9M 0.7% YoY 33 bps YoY 12.7% YoY* 22.3% YoY* * Profitability was impacted mainly due to Kludi 0.7% YoY on Group’s ongoing transformation initiative
Slide 12: Revenue Highlights – Q1 2025
EARNINGS PRESENTATION Q1 2025 Revenue Highlights – Q1 2025 MANAGEMENT COMMENTS TOTAL REVENUE (AED MN) • Q1 2025 revenue at AED 776.5m remained Quarterly Comparison stable YoY. Q1 24 Q4 24 Q1 25 • Tiles revenue grew by 1.2% at AED 449 QoQ Amount Amount Amount YoY Growth million, led by robust perform
Slide 13: Gross Profit Margin
EARNINGS PRESENTATION Q1 2025 Gross Profit Margin MANAGEMENT COMMENTS Total Gross Margin (%) Tiles Gross Margin (%) • Q1 2025 Gross profit margin increased by 33 bps year-on-year to 39.7%. • Tiles margin in Q1 2025 increased by 160bps compared to Q1 2024 at 41.0% driven by improvement in efficiencie
Slide 14: Profitability Bridge
EARNINGS PRESENTATION Q1 2025 Profitability Bridge Q1 2025 vs Q1 2024 Profit Bridge (AEDM) -12.7% 2.6 (2.0) 6.2 4.2 (5.6) (4.2) 73.9 (10.6) 64.5 (13.1) (2.5) 48.9 Profit before Lower Gross Higher GP Higher variable Higher SG&A - Lower Finance Higher Other Others Profit before UAE Corporate Rest of w
Slide 15: Balance Sheet Highlights
EARNINGS PRESENTATION Q1 2025 Balance Sheet Highlights WORKING CAPITAL (DAYS) MANAGEMENT COMMENTS WORKING CAPITAL CYCLE (DAYS) • Overall working capital remained stable at Trade receivables Other receivables Other payables Inventories Trade Payables AED 1.43 billion in Q1 2025 compared to 1,383 1,55
Slide 16: Share Price Update
EARNINGS PRESENTATION Q1 2025 Share Price Update Speaker: PK Chand Group CFO RAK Ceramics PJSC © 2025 All rights reserved 16
Slide 17: RAK Ceramics Share Price Movement
EARNINGS PRESENTATION Q1 2025 RAK Ceramics Share Price Movement RAK Ceramics (RAKCEC) Share Price Performance (AED- LTM) AED RAK CERAMICS (RAKCEC) SHARE PRICE PERFORMANCE (AED) WAP 2.47 3.3 52 week high 2.62 3.1 52 week low 2.24 2.8 2.6 2.51 As of 13th May 2025 2.3 2.1 1.8 14-05-2024 11-06-2024 11-0
Slide 18: Closing Remarks
EARNINGS PRESENTATION Q1 2025 Closing Remarks Speaker: Abdallah Massaad Group CEO RAK Ceramics PJSC © 2025 All rights reserved 18
Slide 19: 2025 Priorities
EARNINGS PRESENTATION Q1 2025 2025 Priorities Market share growth KLUDI Transformation Retail Expansion & Business, Operations & and preservation Brand awareness Risk management Maintain healthy Transform KLUDI into a global Focus on strengthening retail Optimize operations competition across high-e
Slide 20: Q&A
EARNINGS PRESENTATION Q1 2025 Q&A Q&A RAK Ceramics PJSC © 2025 All rights reserved 20
Slide 21: Appendix
EARNINGS PRESENTATION Q1 2025 APPENDIX RAK Ceramics PJSC © 2025 All rights reserved 21
Slide 22: Financial Highlights
EARNINGS PRESENTATION Q1 2025 Financial Highlights Quarterly comparison Q1 24 Q4 24 Q1 25 QoQ Amount in AED M Amount Amount Amount YoY Growth Growth Revenue 781.6 870.9 776.5 -0.7% -10.8% Gross margin (%) 39.3% 37.2% 39.7% 0.3% 2.4% EBITDA 151.1 158.0 135.6 -10.3% -14.2% Profit before tax 73.9 82.0
Slide 23: EBITDA Working
EARNINGS PRESENTATION Q1 2025 EBITDA Working Quarterly comparison Q1 24 Q4 24 Q1 25 Amount in AED M Amount Amount Amount Net profit/(loss) after tax 62.9 64.2 48.9 Tax 11.0 17.8 15.7 Interest- net 27.1 26.1 23.0 Depreciation & amortization 50.6 54.2 51.9 (Gain) on sale of assets/CWIP write-off (0.6)
Slide 24: Thank You
Thank You CONTACT US If you have any questions or require further information, please visit corporate.rakceramics.com or contact investor relations team at ir@rakceramics.com