Mannai Corporation Q.p.s.c. · QSE:MCCS
Mannai Corporation Q.p.s.c — Q1 2017 Earnings Presentation
13 slides from Mannai Corporation Q.p.s.c's earnings presentation, July 2017
Slide 1: Mannai Corporation QSC 1Q'17 Financial Summary
Mannai Corporation QSC 1Q‘17 Financial Summary
Slide 2: Disclaimer
Disclaimer Mannai Corporation Q.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 wishes
Slide 3: Net Profit Decline Driven by Damas Revenue Headwinds
Net Profit Decline Driven by Damas Revenue Headwinds QAR m Net Profit • First Quarter Profits Fall 28% As GCC Headwinds 125 Continue, Down 18% Excluding Gfi Informatique (28)% • Gfi Informatique Funding and Amortization Drag of 90 13m (Net Profits Reported in June and December) • ICT Qatar Up 1% To
Slide 4: Financial Highlights
Financial Highlights QAR m 1Q’16 1Q’17 Net Profit 125m 90m (28)% Revenues 1,268m 1,198m (6)% Gross Profit % 24.5% 24.0% (0.5) pts Net Profit % 9.8% 7.5% (2.3)pts Capital Employed 4,961m 6,067m 22% Earnings Per Share 2.74 1.97 (28)% Return on Equity 21.2% 14.2% (6.9)pts 4
Slide 5: Softer Slowdown in Revenues
Softer Slowdown in Revenues QAR m Revenue 1,268 • Rate Of Fall In Revenues Slowing From 2016 1,198 (6)% • Damas Revenues Slowed 5% As A 2% Increase In Gold Sales Offset A 12% Drop In Higher Margin Non-gold Sales • ICT Qatar Revenues Up 7%; 18% Growth In YTD Orders Shows Promising Outlook • Continued
Slide 6: Shift of Revenue to Better Performing ICT
Shift of Revenue to Better Performing ICT Revenue Mix 1Q‘16 1Q‘17 All All Other Other Auto 10% Auto 12% Group Group 22% 20% Damas Damas 34% 34% ICT 32% ICT 36% *Auto Group includes Heavy Equipment Division 6
Slide 7: Softness in Damas reduces international share
Softness in Damas reduces international share Net Profit* 18% 29% • Drop in Damas Profits, Coupled with Back-End Loading of GFI Int’l Informatique Profits Reduce International Share to 18% 82% 71% Qatar 1Q '16 1Q '17 *Profit before headquarter expenses and director’s fees
Slide 8: Gross Profits Reduce in Line with Revenues
Gross Profits Reduce in Line with Revenues QAR m Gross Profit Gross Margin % (7)% 24.5% (0.5) pts 311 288 24.0% 1Q'16 1Q'17 1Q'16 1Q'17 • Reduction in Gross Profit driven by lower revenue with slight fall in gross profit margin rate 1Q’17% V pts • Auto Group margins impacted fall in higher margin Au
Slide 9: Other Income Increase Due to Damas Recoveries
Other Income Increase Due to Damas Recoveries QAR m Other Income (66)% 26 • Other Income driven by recoveries of previously provisioned receivables in Damas of 23m in 9 1Q’16 1Q '16 1Q '17 9
Slide 10: Net Profit Share Movement to Relatively Stable ICT
Net Profit Share Movement to Relatively Stable ICT Net Profit Mix 1Q’16 1Q‘17 Axiom 1% Auto All Other Auto, 15% 13% 18% All Other, 27% Damas Axiom, 0% 27% ICT Damas, ICT, 42% 40% 16% 10
Slide 11: Stable Debt Levels Maintained During First Quarter
Stable Debt Levels Maintained During First Quarter QAR m Net Debt Net Debt to Total Capital* 3,696 3,581 53% 53% 47% 2,655 Q1' 16 Q4 '16 Q1 '17 Q1 '16 Q4 '16 Q1 '17 *Total Capital adjusted for Acquisition Reserves 11
Slide 12: Normalisation of key lines for significant items
Normalisation of key lines for significant items 1Q'17 1Q'16 VLY% • Recoveries of previously provisioned receivables from Damas were the only Other Income 9.0 26.4 (66%) significant items in 1Q’16. Damas Recoveries (23.4) • Adjusting for significant items, Normalised Norm. Other Income 9.0 3.0 199%
Slide 13: 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 email: investor.relations@mannai.com.qa Tel (Direct) : +974-44558844 13
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