Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — H1 2020 Earnings Presentation
26 slides from Quest Holdings Sa's earnings presentation, Sep 8, 2020
Slide 1: Corporate IR Presentation
Corporate IR Presentation Based on H1 2020 Financial Results
Slide 2: H1 2020 Results
01. H1 2020 Results Overview Financial Performance Highlights / Outlook 2
Slide 3: Quest Group at a Glance (H1 2020)
Quest Group at a Glance (H1 2020) €154m €304m Active in : Revenues Total Equity Revenues ▪ ICT Products* € 163m ▪ IT Services € 63m >39years Diversified ▪ Courier/Post € 57m successful track record Business operations applying ▪ Electronic Payments € 16m (est. in 1981) active management principles ▪
Slide 4: P&L (H1 2020)
P&L (H1 2020) Amounts in ,000 € 6M 2020 YoY % 6M 2019 Sales 303.927 17,7% 258.178 Explanations/Clarifications: EBITDA 27.146 5,9% 25.645 % sales 8,9% 9,9% ▪ Sales growth was driven by most of the sectors. EBIT 18.340 7,0% 17.141 ▪ 6M2019 results include extraordinary positive % sales 6,0% 6,6% effec
Slide 5: P&L (H1 2020) EBITDA, Sales, EBT
P&L (H1 2020) Amounts in ,000 € EBITDA 30.000 12,0% 9,9% 25.000 8,8% 8,9% 10,0% 8,2% 2020 VS 2016 7,6% 20.000 8,0% 15.000 6,0% +104% 25.645 27.146 4years CAGR 350.000 SALES 10.000 20.218 4,0% 300.000 5.000 13.339 15.732 2,0% +19,4% 2020 VS 2016 250.000 - 0,0% +72% 200.000 2016 2017 2018 2019 2020 4y
Slide 6: Quarterly results
Quarterly results Amounts in ,000 € Q1 2020 YoY % Q1 2019 Q2 2020 YoY % Q2 2019 6M 2020 YoY % 6M 2019 Sales 147.748 18,2% 124.996 156.179 17,3% 133.182 303.927 17,7% 258.178 EBITDA 12.559 6,0% 11.845 14.588 5,7% 13.800 27.146 5,9% 25.645 % sales 8,5% 9,5% 9,3% 10,4% 8,9% 9,9% EBIT 8.137 7,1% 7.596 1
Slide 7: Balance sheet (H1 2020)
Balance sheet (H1 2020) Amounts in ,000 € Group Balance Sheet 6M 2020 12M 2019 Tangible & intangible assets 91.486 89.493 Right-of-use assets 23.730 26.033 Goodwill 31.997 31.398 Other 24.029 22.449 Non-current assets 171.242 169.373 Inventories 30.796 31.495 €433m €154m Trade & other receivables 14
Slide 8: Cash Flow (H1 2020)
Cash Flow (H1 2020) Amounts in ,000 € Group Cash Flow 6M 2020 6M 2019 EBT 15.655 15.170 Depreciation/Amortization 8.807 8.505 Interests Expense / (income) 2.492 2.049 WoC (Change in Inventories, Receivables, Payables) (19.453) (48.058) Tax paid (349) (560) Other operating activities (3.299) (2.528)
Slide 9: H1 2020 Highlights / Group Outlook
H1 2020 Highlights / Group Outlook H1 2020 Highlights ▪ Not significantly affected by COVID 19 (April’s lockdown effect reversed after a steep May & June rebound) ▪ Double Digit Growth in revenues (+17,7%), fueled by double digit growth in most of the sectors ▪ Absorbed the extraordinary costs durin
Slide 10: 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 2020 YoY % 6M 2019 ▪ €337m revenue in 2019 Sales 162.551 23% 132.681 ▪ 40%+ of ICT distribution Market in Greece EBITDA 5.621 13% 4.974 ▪ Certified Greek part
Slide 12: IT Services
IT Services Info/Overview 6M Financial Results ▪ Leading IT integrator in domestic market ~ 20% Market Share Amount in ,000€ 6M 2020 YoY % 6M 2019 ▪ €115m revenue in 2019 Sales 62.745 15% 54.735 EBITDA 3.174 12% 2.828 ▪ 30+ countries of operations % sales 5,1% 5,2% ▪ ~40% International revenues EBT
Slide 13: Courier & Postal
Courier & Postal Info/Overview 6M Financial Results ▪ Largest Local Courier Operator in SE Europe (~ 24% Μ. Share) Amount in ,000€ 6M 2020 YoY % 6M 2019 ▪ €109m revenue in 2019 Sales 57.443 11% 51.974 ▪ Leading Alternative Postal Operator in Greece (~7% Μ. Share) EBITDA 8.033 -3% 8.295 ▪ 50+m shipme
Slide 14: Electronic Payments
Electronic Payments Info/Overview 6M Financial Results ▪ Leading POS network operator in Greece Amount in ,000€ 6M 2020 YoY % 6M 2019 ▪ €33m revenue in 2019 Sales 16.346 -1% 16.468 ▪ ~230K installed POS in merchants EBITDA 5.747 -21% 7.234 ▪ ~40% Μarket Share in POS % sales 35,2% 43,9% ▪ >400m trans
Slide 15: Renewable Energy & Other
Renewable Energy & Other Info/Overview 6M Financial Results ▪ €6,6m revenue in 2019 Amount in ,000€ 6M 2020 YoY % 6M 2019 ▪ Quest Energy owns 15 photovoltaic parks of 26,2MW Sales 4.841 109% 2.320 power EBITDA 4.570 98% 2.313 ▪ Quest Holdings(QH): Parent Company, operates as a % sales 94,4% 99,7% ho
Slide 16: Segment Contribution in Sales & Ebitda (H1 2020)
Segment Contribution in Sales & Ebitda (H1 2020) Amounts in ,000 € IT Products Courier & Electronic (Wholesale/ Retail) IT Services Payments Energy & Other Total Group Postal 162.551 62.745 57.443 16.346 4.841 21% 5% 0,1% 19% 53% Sales 303.927 5.621 3.174 8.033 5.747 4.570 12% 30% 21% 17% 21% 27.146
Slide 17: Segment Analysis H1 2020
Segment Analysis H1 2020 Amounts in ,000 € Electronic 6M 2020 (€ x 1.000) IT Products ΙΤ Services Courier & Postal Renewable Energy Unallocated Total Payments Total gross segment sales 182.508 63.691 58.253 16.376 4.753 263 325.843 Inter-segment sales (19.956) (946) (810) (29) (166) (8) (21.916) Net
Slide 18: Quest Group at a Glance (12M 2019)
Quest Group at a Glance (12M 2019) €143m €600m Active in : Revenues Total Equity Revenues ▪ ICT Products* € 337m ▪ IT Services € 115m >38 years Diversified ▪ Courier/Post € 109m successful track record Business operations applying ▪ Electronic Payments € 33m (est. in 1981) active management principl
Slide 19: Segment Analysis 12M 2019
Segment Analysis 12M 2019 Amounts in ,000 € Electronic 12M 2019 (€ x 1.000) IT Products ΙΤ Services Courier & Postal Renewable Energy Unallocated Total Payments Total gross segment sales 379.439 116.235 110.305 33.104 6.758 76 645.917 Inter-segment sales (42.150) (1.556) (1.571) (121) (182) (18) (45
Slide 20: Current Activities and 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
Quest’s 2021 Strategy - Οn good track / several targets achieved in advance 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 ~2
Slide 22: CSR & Sustainability
CSR & Sustainability ▪ CSR and Sustainable Development is a strategic focus for Quest Group Strategic CSR Focus ▪ Market: Responsible and Ethical Entrepreneurship, Regulatory ▪ The Group endorses the 10 Principles of the UN Global Compliance, Continuous Growth, Expansion to new Areas, Compact, the 1
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 24,73% Total Capital Return to the Theodoros Fessas Shareholders (2009-2020) Eftychia 50,02% Koutsoureli € 80m** 25,25% 1.000 10 900 9 Quest share value (€) 800 8 700 7 € 278m * General Index 600 6 500 5 Capitalization 400 4 300 3 200 2 100 1 0 0 2015
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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