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

Mannai Corporation Q.p.s.c — Q1 2020 Earnings Presentation

12 slides from Mannai Corporation Q.p.s.c's earnings presentation, April 2020

  1. Slide 1: Mannai Corporation QPSC 1Q'20 Financial Summary

    Mannai Corporation QPSC 1Q'20 Financial Summary

  2. Slide 2: Disclaimer

    Disclaimer Mannai Corporation Q.P.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 wish

  3. Slide 3: Impact of COVID-19 Drives First Loss Since QE Listing

    Impact of COVID-19 Drives First Loss Since QE Listing QAR m • Damas Loss of (21)m as lockdown and leads to 12% drop in revenues; loss could not be Net Profit covered by remaining businesses 50 • Gfi Informatique on-track delivering 5% profit (142)% growth to 9m, before acquisition finance costs • IC

  4. Slide 4: Financial Highlights

    Financial Highlights QAR m 1Q’ 19 1Q ’20 Revenues 2,854m 2,665m (7)% EBITDA 271 188 (31)% SG&A Expenses 416 406 2% Finance Cost 103 91 (12)% Net Profit 50m (21)m (142)% Gross Profit % 22.0% 22.0% - pts Capital Employed 8,636m 8,365m (3)% Earnings Per Share 0.11 (0.05) (142)% 4

  5. Slide 5: Revenues Down 7% Due to COVID-19 Impact

    Revenues Down 7% Due to COVID-19 Impact QAR m Revenue • Revenues down 189m due impact of COVID-19 2,854 (7)% on Damas and Information Technology 2,665 • Damas revenues down 36m or 12% due to GCC- wide store closures during lockdown • ICT Qatar Revenues fall by 88m or 16% as projects are not able to

  6. Slide 6: ICT Mix Maintains 80% Share

    ICT Mix Maintains 80% Share Revenue Mix 1Q ‘19 1Q ‘20 Other Other 4% Auto 4% Auto Damas 6% Damas 7% 11% ICT 10% ICT 20% 18% Gfi Gfi 60% 61% 6

  7. Slide 7: Gfi Increases Europe to 61% of Sales

    Gfi Increases Europe to 61% of Sales Revenue Mix 1Q ‘19 1Q ‘20 Other 0% Other 0% Qatar 29% Qatar 28% Europe Europe 60% 61% Other GCC Other GCC 10% 11% 7

  8. Slide 8: Gross Profit Margins Holding in Challenging Environment

    Gross Profit Margins Holding in Challenging Environment QAR m Gross Profit Gross Margin % 628 (7)% - pts 586 22.0% 22.0% 1Q '19 1Q '20 1Q '19 1Q '20 1Q ‘20 V pts • Fall in Gross Profits Due to 7% drop in Revenue Gfi 22.6% 0.9 pts • Gfi margins improvement drives stable group margins ICT Qatar 17.1%

  9. Slide 9: Damas Loss Drives IT Segment to 96% of Group Profits

    Damas Loss Drives IT Segment to 96% of Group Profits Profit Mix* 1Q ‘19 1Q ‘20 Damas 2% All Other 2% All Other 2% Damas -13% Auto 13% Auto 15% Gfi 32% Gfi 46% ICT 50% ICT 50% *Profit Before Interest and Tax (EBIT), excluding other/HQ segment 9

  10. Slide 10: Income Statement

    Income Statement QAR m 31 March 31 March 2020 2019 Variance V% Revenue 2,665 2,854 (189) (7)% Direct costs (2,079) (2,226) 147 (7)% Gross profit 586 628 (42) (7)% Other income 13 19 (5) (29)% Share of result from joint venture and associates 8 12 (5) (39)% General and administrative expenses (301) (

  11. Slide 11: Debt Levels and Finance Cost Reducing

    Debt Levels and Finance Cost Reducing QAR m Total Debt Finance Cost 7,082 6,964 103 6,315 91 (12)% 1Q '19 FY '19 1Q '20 1Q '19 1Q '20 • Debt levels down 116m or 2% compared to 1Q’19. YTD’20 increase driven by seasonality in Gfi Informatique • Finance Cost reduction driven by lowering of index rates;

  12. Slide 12: 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 Abayazeed Ahmed Investor Relations Officer email: investor.relations@mannai.com.qa Tel (Direct) : +974-44558844 12

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