Slide 1: Beats All Expectations Once Again With Exceptional Gross Profit Margin
BEATS ALL EXPECTATIONS ONCE AGAIN WITH EXCEPTIONAL GROSS PROFIT MARGIN Q2 and H1 2022 RESULTS
Slide 2: Agenda
AGENDA ASBIS – Q2 2022 OVERVIEW FINANCIAL RESULTS IN Q2 2022 and H1 2022 BUY - BACK PROGRAM AND FORECAST REALIZATION SUMMARY APPENDIX 2
Slide 3: War in Ukraine Completely Changed the Landscape of Our Major Markets
WAR IN UKRAINE COMPLETELY CHANGED THE LANDSCAPE OF OUR MAJOR MARKETS q ASBIS, as a European Company, complies with no exceptions to all sanctions SANCTIONS imposed on countries responsible for the war q From the first day of the conflict, the Group's priority was to ensure the safety of SAFETY OF OU
Slide 4: ASBIS Remains Strong During These Difficult Times
ASBIS REMAINS STRONG DURING THESE DIFFICULT TIMES q After the record year of 2021, ASBIS was very strong to face difficult times STRONG CASH POSITION q Based on the experiences from past years, ASBIS has prepared a contingency plan in case of the war: 30 YEARS OF § Trade receivables were mostly secu
Slide 5: Q2 2022 Key Business Events
Q2 2022 KEY BUSINESS EVENTS Despite the considerably limited operations in Russia and Belarus, ASBIS proved to be very STRONG MONTHLY strong . We were able to substitute in non-conflict markets some of the revenues lost due to REVENUES the war. q ASBIS has signed a distribution agreement with ExaGri
Slide 6: ASBIS Donated €2,000,000
ASBIS DONATED € 2,000,000 Fund to help Ukraine 6
Slide 7: ASBIS Sponsored a Summer Camp for Displaced Ukrainian Children
ASBIS SPONSORED A SUMMER CAMP FOR 150 DISPLACED UKRAINIAN CHILDREN 7
Slide 8: Agenda
AGENDA ASBIS – Q2 2022 OVERVIEW FINANCIAL RESULTS IN Q2 2022 and H1 2022 BUY - BACK PROGRAM AND FORECAST REALIZATION SUMMARY APPENDIX 8
Slide 9: Q2 2022 Challenging Quarter: Financial Highlights
Q2 2022 CHALLENGING QUARTER Q2 2022 Financial Highlights REVENUES GROSS PROFIT USD 516 million USD 48.3 million - 2 4 % Yo Y + 2 % Yo Y GROSS PROFIT NET INCOME MARGIN USD 11.1 million 9.35% - 2 6 % Yo Y 9
Slide 10: Q2 2022 Impressive Results
Q2 2022 IMPRESSIVE RESULTS § Strong top line, reached USD 516.4 m. USD m Q2’22 Q2’21 YoY Revenue 516.4 680.1 -24% § Gross profit margin skyrocketed to Gross profit 48.3 47.2 2% 9.35 % in Q2’22 - a new record- Gross profit margin 9.35% 6.94% 2.41 ppt high level. SG&A costs -28.8 -24.6 17% Profit from
Slide 11: Q2 2022 The Highest Ever Gross Profit Margin
Q2 2022 THE HIGHEST EVER GROSS PROFIT MARGIN REVENUES - 24% 948 § Revenues down only 24% YoY 1000 866 100% 733 80% despite the on-going full-scale war 800 620 680 717 695 60% in Ukraine. 600 516 40% 380 20% 400 0% 200 -20% § Gross profit margin at a new 0 -40% record-high level of 9.35% in Q2’22. 2Q
Slide 12: Q2 2022 Decrease in Main Product Lines Due to the War in Ukraine
Q2 2022 DECREASE IN MAIN PRODUCT LINES DUE TO THE WAR IN UKRAINE REVENUES BY LINES (US$ m) § Decrease in smartphones as a 900 result of weaker demand 800 following economic uncertainty. 700 600 500 400 § Smartphones, CPUs and laptops 300 200 remain the main drivers for the 100 Group’s revenues. 0 2Q
Slide 13: Q2 2022 Growing Importance of Non-Conflict Regions
Q2 2022 GROWING IMPORTANCE OF NON – CONFLICT REGIONS REVENUES BY REGIONS (USD m) § FSU region declined by 33% YoY, affected by the war in Ukraine. 900 800 700 600 500 § F.S.U. and CEE regions 400 contributed the majority of the 300 200 Group’s revenues. 100 0 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22
Slide 14: H1 2022 Excellent Results
H1 2022 EXCELLENT RESULTS US$ m H1‘22 H1‘21 YoY § Strong top line, despite the full- scale war in Ukraine. Revenue 1,211.0 1,413.5 -14% Gross profit 101.1 94.4 7% Gross profit margin 8.35% 6.68% 1.67 ppt § Gross profit up 7% YoY, to USD 101.1 m. SG&A costs 57.4 48.8 18% Profit from operations 43.8 4
Slide 15: H1 2022 Top Countries in Revenues vs H1 2021
H1 2022 TOP 10 COUNTRIES IN REVENUES vs H1 2021 § Kazakhstan with revenues of USD 237m and 45.6% YoY growth 300 remained no. 1 country. 250 237 239 § Azerbaijan and Georgia with a strong 54.2% and 68.9% YoY 200 191 growth, generate month by month 162 higher revenues. 150 134 115 111 107 107 § Poland
Slide 16: Cash Engaged in Working Capital
CASH ENGAGED IN WORKING CAPITAL NET WORKING CAPITAL (US$ m) § High NWC utilization results in the need to involve more cash into NWC: 25% of sales NWC: 22% of sales working capital. 323 359 227 256 § Capex comprises of outflows for investments in tangible and Q2'22 Q2'21 intangible assets. -253 -298
Slide 17: Indebtedness at Safe Level
INDEBTEDNESS AT SAFE LEVEL USD million H1’22 H1’21 YoY § Strong increase in cash position in Short term borrowings 138.2 101.7 36% (excl. leases and factoring) seasonally NWC intensive quarter. Long term borrowings (excl. leases) 0.0 0.5 -100% Other long-term liabilities 0.8 0.8 9% § Ability of the
Slide 18: Agenda
AGENDA ASBIS – Q2 2022 OVERVIEW FINANCIAL RESULTS IN Q2 2022 and H1 2022 BUY - BACK PROGRAM AND FORECAST REALIZATION SUMMARY APPENDIX 18
Slide 19: Buy-Back Program Update
BUY-BACK PROGRAM UPDATE Max. amount of money Max. price $ 1,000,000 PLN 30.00 Time frame March 2023 Max. amount of shares Min. price 2,000,000 PLN 1.00 On March 28th, 2022, the Extraordinary General Meeting of ASBIS adopted the current buy-back program Till the 11th of August 2022, the Company purch
Slide 20: Forecast Realization for 2022
FORECAST REALIZATION FOR 2022 REVENUE Between USD 2.2bn and USD 2.4bn NET INCOME Between USD 48m and USD 52m ASSUMPTIONS RESULTS VS FORECAST REVENUES (USD bn) NET INCOME (USD m) 52 2,4 50% 52% 27 1,2 20 Actual revenues for H1 2022 Forecast (higher range) Actual Net Income for H1 2022 Forecast (highe
Slide 21: Agenda
AGENDA ASBIS – Q2 2022 OVERVIEW FINANCIAL RESULTS IN Q2 2022 and H1 2022 BUY - BACK PROGRAM AND FORECAST REALIZATION SUMMARY APPENDIX 21
Slide 22: Summary
SUMMARY ANOTHER RECORD BROKEN q The highest ever gross profit margin. q 2021 dividend: USD 16.7 million was paid to shareholders including an interim dividend WE ARE A DIVIDEND COMPANY (USD 0.30 cents per share) q Dividend paid for six consecutive years. q New contracts signed/ extended DYNAMIC BUSI
Slide 23: Contact for Investors and Media
Contact for investors: Contact for media: Tziamalis Constantinos Iwona Mojsiuszko Deputy CEO of ASBIS Group Managing Director of 8Sense PR phone: +357 25857188 phone: +48 502 344 992 email: costas@asbis.com e-mail: iwona.mojsiuszko@8sensepr.pl Bartosz Basa IR Manager phone: +48 691 910 760 email: b.
Slide 24: Agenda
AGENDA ASBIS – Q2 2022 OVERVIEW FINANCIAL RESULTS IN Q2 2022 and H1 2022 BUY - BACK PROGRAM AND FORECAST REALIZATION SUMMARY APPENDIX 24
Slide 25: ASBIS APR and Monobrand Stores
ASBIS APR AND MONOBRAND STORES CURRENT SITUATION ASBIS PLANS FOR 2022 ASBIS plans to invest in 2 more Apple stores and 1 more Monobrand ASBIS is an authorized distributor of Apple products in 11 countries of the Former Soviet Union (with the exception of Russia) including: • Ukraine, • Belarus, • Ka
Slide 26: ASBIS Own Brands
ASBIS OWN BRANDS Prestigio is an international brand that has been Canyon is a dynamically growing brand of high-quality Perenio is a tech brand, specialized in the IoT and offering a wide range of consumer electronics for and stylish, yet affordable mobile accessories, created a multifunctional IoT
Slide 27: Shareholder Structure
SHAREHOLDER STRUCTURE Number of shares % of share capital & votes & votes 36,84% KS Holdings Ltd * 20,448,127 36.84% ASBISc Enterprises Plc (buy-back 288,000 0.52% program) 62,64% 0,52% Free-float 34,763,873 62.64% TOTAL 55,500,000 100.00% KS Holdings Ltd* As of : 2022-08-11 ASBIS (buy back program)
Slide 28: Disclaimer
DISCLAIMER This presentation (the “Presentation”) was prepared by ASBISc Enterprises Plc (the “Company”) with a due care. Still, it may contain certain inconsistencies or omissions. The Presentation does not contain a complete or thorough financial analysis of the Company and does not present its st