Aamal Company Q.s.c. · QSE:AHCS
Aamal Company Q.s.c — Q1 2024 Earnings Presentation
17 slides from Aamal Company Q.s.c's earnings presentation, Apr 25, 2024
Slide 1: A solid start to 2024 with robust year-on-year growth
A solid start to 2024 with robust year-on-year growth Presentation of financial results for the first quarter ended 31st March 2024 25th April 2024
Slide 2: Contents
❑ Q1 2024 Highlights ❑ Financial Summary ❑ Segmental Review Contents ❑ Summary and Outlook ❑ Appendix ▪ Group Results – Revenue and Net Profit by Segment ▪ Aamal’s Investment Case "Strength Through Diversity" 1
Slide 3: Q1 2024 Highlights
Q1 2024 HIGHLIGHTS ❑ A solid start to the year, with revenue and total net profit up by 6.2% and 8.2% respectively • Successful navigation of dynamic market conditions • Clear strategy to capitalize on opportunities • Solid financial position and robust balance sheet ❑ Strong performances across Aam
Slide 4: Contents
❑ Q1 2024 Highlights ❑ Financial Summary ❑ Segmental Review Contents ❑ Summary and Outlook ❑ Appendix ▪ Group Results – Revenue and Net Profit by Segment ▪ Aamal’s Investment Case "Strength Through Diversity" 3
Slide 5: Financial Summary
FINANCIAL SUMMARY QARm Q1 2024 Q1 2023 % change ▪ Robust performance driven by: ▪ Revenue increases across Trading & Revenue 543.3 511.4 6.2% Distribution, Managed Services and Property segments Gross profit 130.4 120.2 8.4% ▪ Trading and Distribution revenue up by 22.1%, with Ebn Sina Medical perfo
Slide 6: Contents
❑ Q1 2024 Highlights ❑ Financial Summary ❑ Segmental Review Contents ❑ Summary and Outlook ❑ Appendix ▪ Group Results – Revenue and Net Profit by Segment ▪ Aamal’s Investment Case "Strength Through Diversity" 5
Slide 7: Industrial Manufacturing
INDUSTRIAL MANUFACTURING QARm Q1 2024 Q1 2023 % change Revenue 48.4 109.1 (55.7%) Net profit - fully consolidated activities 2.9 (3.3) 187.3% Net underlying profit margin % 5.9% (3.0%) 8.9 ppts Share of net profit of associates and joint ventures accounted for using the equity method 13.6 11.9 14.9%
Slide 8: Trading and Distribution
TRADING AND DISTRIBUTION QARm Q1 2024 Q1 2023 % change Revenue 396.1 324.4 22.1% Net profit 27.9 34.2 (18.4%) Net profit margin % 7.0% 10.5% (3.5 ppts) Note: there may be slight differences due to rounding. ▪ Strong revenue growth driven by the performance of Ebn Sina Medical ❖ Change in business mo
Slide 9: Property
PROPERTY QARm Q1 2024 Q1 2023 % change Revenue 76.1 75.1 1.3% Net profit - fully consolidated activities 58.2 59.7 (2.5%) Net underlying profit margin % 76.6% 79.6% (3.0 ppts) Share of net profit of associates and joint ventures accounted for using the equity method 1.3 1.3 0.3% Total net profit 59.
Slide 10: Managed Services
MANAGED SERVICES QARm Q1 2024 Q1 2023 % change Revenue 39.4 22.8 72.7% Net profit - fully consolidated activities 3.6 3.8 (6.3%) Net underlying profit margin % 9.1 16.8% (7.7 ppts) Share of net profit of associates and joint ventures accounted for using the equity method 0.6 0.6 (8.5.%) Total net pr
Slide 11: Contents
❑ Q1 2024 Highlights ❑ Financial Summary ❑ Segmental Review Contents ❑ Summary and Outlook ❑ Appendix ▪ Group Results – Revenue and Net Profit by Segment ▪ Aamal’s Investment Case "Strength Through Diversity" 10
Slide 12: Summary and Outlook
SUMMARY AND OUTLOOK ▪ A solid start to the year with positive contributions from across all four segments ▪ Aamal’s diversified business model and financial strength continues to create growth opportunities and shareholder value ▪ Well-prepared to leverage opportunities through 2024 and beyond ❖ We
Slide 13: Any Further Questions?
ANY FURTHER QUESTIONS? AAMAL COMPANY Mohammed Arif Qureshi Group Accounts Manager E: mohammed.arif@aamal.qa ZAID SHELLEH Investor Relations Manager E: zaid.shelleh@aamal.qa T: +974 4422 3888 www.aamal.qa FINANCIAL PR/IR ADVISORS LUCY GIBBS IR / Financial PR E: Lucy.Gibbs@citigatedewerogerson.com T:
Slide 14: Contents
❑ Q1 2024 Highlights ❑ Financial Summary ❑ Segmental Review Contents ❑ Corporate Governance Update ❑ Summary and Outlook ❑ Appendix ▪ Group Results – Revenue and Net Profit by Segment ▪ Aamal’s Investment Case "Strength Through Diversity" 13
Slide 15: Group Results (by Segment)
GROUP RESULTS (BY SEGMENT) REVENUE QARm Q1 2024 Q1 2023 Change % Industrial Manufacturing 48.4 109.1 (55.7%) Trading and Distribution 396.1 324.4 22.1% Property 76.1 75.1 1.3% Managed Services 39.4 22.8 72.7% less: inter-divisional revenue (16.7) (19.9) 16.0% Total 543.3 511.4 6.2% NET PROFIT Net pr
Slide 16: Delivering on Our Investment Case
DELIVERING ON OUR INVESTMENT CASE One of Qatar’s largest and most diversified companies, offering high quality and balanced exposure to Qatar’s economic growth and development Strength through diversity Operating in an attractive, growing market ▪ Diversified (across 32 active business units) for ▪
Slide 17: Shukran
Shukran "Strength Through Diversity" 16