Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — 6M 2019 Earnings Presentation
26 slides from Quest Holdings Sa's earnings presentation, Sep 9, 2019
Slide 1: Corporate IR Presentation
Corporate IR Presentation Based on 6M 2019 Financial Results
Slide 2: 01. 6M 2019 Results
01. 6M 2019 Results Overview Financial Performance Highlights / Outlook 2
Slide 3: Quest Group at a Glance (6M 2019)
Quest Group at a Glance (6M 2019) €151m €258m Active in : Revenues Total Equity Revenues ICT Products* € 133m IT Services € 55m >38 years Diversified Courier/Post € 52m successful track record Business operations applying Electronic Payments € 16m (est. in 1981) active management principles
Slide 4: P&L (6M 2019)
P&L (6M 2019) Amounts in ,000 € 6M 2019 YoY % 6M 2018 Explanations/Clarifications: Sales 258.178 12,3% 229.983 EBITDA 25.645 26,8% 20.218 6M2019 Results include extraordinary positive % sales 9,9% 8,8% effect from reversal of past negative provisions of ~+€1,4m (which affected negatively by the EB
Slide 5: P&L (6M 2019) EBITDA and Sales
P&L (6M 2019) Amounts in ,000 € EBITDA 30.000 12,0% 9,9% 25.000 8,8% 10,0% 2019 VS 2015 8,2% 25.645 7,6% 20.000 15.000 6,4% 20.218 8,0% 6,0% +149% 15.732 4years CAGR SALES 10.000 13.339 4,0% 300.000 5.000 10.297 2,0% +25,6% 250.000 2019 VS 2015 258.178 229.983 - 0,0% 200.000 +59,5% 150.000 176.551 1
Slide 6: Quarterly results
Quarterly results Amounts in ,000 € Q1 2019 YoY % Q1 2018 Q2 2019 YoY % Q2 2018 6M 2019 YoY % 6M 2018 Sales 124.996 7,9% 115.862 133.182 16,7% 114.122 258.178 12,3% 229.983 EBITDA 11.845 10,8% 10.691 13.800 44,8% 9.527 25.645 26,8% 20.218 % sales 9,5% 9,2% 10,4% 8,3% 9,9% 8,8% EBIT 7.655 2,2% 7.487
Slide 7: Balance sheet (6M 2019)
Balance sheet (6M 2019) Amounts in ,000 € Group Balance Sheet 6M 2019 12M 2018 Tangible & intangible assets Right-off-use assets 65.362 20.980 70.245 - €393m €151m Goodwill 32.222 31.649 Total Assets Total Equity Other 38.172 34.186 Non-current assets 156.738 136.081 Inventories 27.751 26.376 Trade
Slide 8: Cash Flow (6M 2019)
Cash Flow (6M 2019) Amounts in ,000 € Group Cash Flow 6M 2019 6M 2018 EBT 15.289 11.843 Depreciation/Amortization 8.386 6.504 WoC (Change in Inventories, Receivables, Payables) (48.058) 12.039 Tax paid (560) (555) Other operating activities (2.528) (5.867) Cash flows from operating activities (25.42
Slide 9: 6M 2019 Highlights / Group Outlook
6M 2019 Highlights / Group Outlook 6M 2019 Highlights Strong H1 course with Double Digit Growth in all Sales (+12,3%), Ebitda (+27%) , EBT (+29%) & Earnings per Share (+41,1%) vs 6M 2018 Revenues growth mainly fueled by strong IT products & IT services Sectors Growth Profitably also supported
Slide 10: 02. Appendix
02. Appendix Business Segments Analysis Other Corporate info Outlook – Strategy 2021 10
Slide 11: IT Products (Wholesale/ Retail)
IT Products (Wholesale/ Retail) Info/Overview 6M Financial Results Largest distributor of H/W and S/W products in Greece Amount in ,000€ 6M 2019 YoY % 6M 2018 €271m revenue in 2018 Sales 132.681 15% 115.556 40%+ of ICT distribution Market in Greece EBITDA 4.974 344% 1.121 Certified Greek par
Slide 12: IT Services
IT Services Info/Overview 6M Financial Results Leading IT integrator in domestic market ~ 20% Market Share Amount in ,000€ 6M 2019 YoY % 6M 2018 €89m revenue in 2018 Sales 54.735 27% 43.030 EBITDA 2.828 150% 1.131 30+ countries of operations % sales 5,2% 2,6% ~40% International revenues EBT
Slide 13: Courier & Postal
Courier & Postal Info/Overview 6M Financial Results Largest Local Courier Operator in SE Europe (~ 24% Μarket Share) Amount in ,000€ 6M 2019 YoY % 6M 2018 Sales 51.974 6% 49.126 €101m revenue in 2018 EBITDA 8.295 31% 6.321 Leading Alternative Postal Operator in Greece (~7% Μarket % sales 16,0%
Slide 14: Electronic Payments
Electronic Payments Info/Overview 6M Financial Results Leading POS network operator in Greece Amount in ,000€ 6M 2019 YoY % 6M 2018 €33m revenue in 2018 Sales 16.468 -23% 21.273 ~230K installed POS in merchants EBITDA 7.234 -32% 10.690 ~40% Μarket Share in POS % sales 43,9% 50,3% EBT 2.749 -
Slide 15: Renewable Energy & Other
Renewable Energy & Other Info/Overview 6M Financial Results €2,1m revenue in 2018 Amount in ,000€ 6M 2019 YoY % 6M 2018 Quest Energy(QE): Owns & operates 10 photovoltaic Sales 2.320 132% 999 parks of 13,2MW power (at 30/6/19) EBITDA 2.313 142% 954 QE Pursues actively new investments in Renewab
Slide 16: Segment Contribution in Sales & Ebitda (6M 2019)
Segment Contribution in Sales & Ebitda (6M 2019) Amounts in ,000 € IT Products Courier & Electronic (Wholesale/ Retail) IT Services Payments Energy & Other Total Group Postal 132.681 54.735 51.974 16.468 2.320 21% 6% 0,1% 20% Sales 51% 258.178 4.974 2.828 8.295 7.234 2.313 19% 11% 9% 32% 28% Ebitda
Slide 17: Segment Analysis 6M 2019
Segment Analysis 6M 2019 Electronic 6M 2019 (€ x 1.000) IT Products ΙΤ Services Courier & Postal Renewable Energy Unallocated Total Payments Total gross segment sales 148.617 55.364 52.713 16.557 2.405 - 275.656 Inter-segment sales (15.937) (629) (739) (89) (84) (1) (17.478) Net sales 132.681 54.735
Slide 18: Quest Group at a Glance (12M 2018)
Quest Group at a Glance (12M 2018) €140m €498m Active in : Revenues Total Equity Revenues ICT Products* € 272m IT Services € 89m >37 years Diversified Courier/Post € 101m successful track record Business operations applying Electronic Payments € 34m (est. in 1981) active management principle
Slide 19: 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 20: 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 21: 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 22: CSR & Sustainability
CSR & Sustainability CSR and Sustainable Development is a strategic focus for Quest Group Strategic CSR Focus The Group endorses the 10 Principles of the UN Market: Responsible and Ethical Entrepreneurship, Regulatory Global Compact, the 17 UN Sustainable Compliance, Continuous Growth, Expansi
Slide 23: Corporate Governance
Corporate Governance The management and operation of the Quest Group is Goals based on a modern, dynamic and flexible Corporate By applying the core principles of Corporate Governance, the Governance model. company has set the following goals: Group Corporate Governance: Is in line with Greek
Slide 24: Shareholders Structure/Share History
Shareholders Structure/Share History Free Float 24% Total Capital Return to the Theodoros Shareholders (2007-2018) Eftychia Fessas Koutsoureli 51% € 89,1m** 25% 1.400 8 1.200 7 Quest share value (€) 1.000 6 € 241m * General Index 5 800 4 Capitalization 600 3 400 2 200 1 0 0 2014 2015 2016 2017 2018
Slide 25: 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 26: Thank you
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