Shamal Az-zour Al-oula Power And Water Company · KSE:AZNOULA
Shamal Az-zour Al-oula Power And Water — Shamal Az-Zour Al-Oula Power and Water Company K.S.C.P — Q3 2020 Earnings Presentation
13 slides from Shamal Az-zour Al-oula Power And Water's earnings presentation, Nov 12, 2020
Slide 1: Shamal Az-Zour Al-Oula KSCP Q3 2020 Earnings Webcast
Shamal Az-Zour Al-Oula KSCP Q3 2020 Earnings Webcast November 12, 2020 1 © 2020, Shamal Az-Zour Al-Oula Power and Water Company K.S.C.P
Slide 2: Disclaimer
DISCLAIMER This confidential document is provided for informational purposes only. THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES IN ANY JURISDICTION. IT IS SOLELY FOR U
Slide 3: Agenda
AGENDA Introducing Shamal Az-Zour Q3 Highlights Key Events Questions and Answers © 2020, Shamal Az-Zour Al-Oula Power and Water Company K.S.C.P. 3
Slide 4: Board & Management
BOARD & MANAGEMENT Board of Directors Ownership Structure Public 50% AZOH 40% Chairman Vice Chairman Director & CEO Director Director Husam Abdullah Alex Katon Andrew Paul Ghazi Quentin des AlRoumi Frain Abdulrahman Cressonnieres PIFSS AlSanie 5% KIA Management Team 5% AZOH: Azour North One Holding
Slide 5: Our Business
OUR BUSINESS Timeline December, 2013 Signing ceremony between the consortium and Kuwait Minister of Energy and Water, successfully concluding Kuwait’s first PPP RFP process. Construction commences. November, 2016 Construction completed, started commercial operation (on schedule and on budget). Septe
Slide 6: Our Business
OUR BUSINESS Production Capacity Customer 10% The plant supplies about 20% The plant supplies about Production supplied entirely to 10% of Kuwait’s installed 20% of Kuwait’s water the national power and water power capacity. desalination capacity. grid operated by the Kuwait Ministry of Electricity
Slide 7: Our Plant
OUR PLANT Location Power Plant Net production: 1,539.2 MW in net contracted power capacity. Generated by five General Electric GTG 9F-3 turbines generating 225.8 MW each and two General Electric STG D1 turbines generating 251 MW each. Fuel: Natural gas is the main fuel, supplied by a blend of local
Slide 8: Q3 Highlights: P&L
Q3 HIGHLIGHTS: P&L KWD MILLIONS 3Q20 3Q19 % Diff YTD20 YTD19 % Diff Revenue 13.3 13.2 +0.8 38.6 38.2 +1 Operating Costs (4.0) (3.6) +11.1 (11.2) (10.9) +2.7 Gross Profit 9.3 9.6 -3.1 27.4 27.3 +0.4 EBITDA 9.1 9.3 -2.2 26.0 26.5 -1.9 Net Profit 3.6 3.6 0.0 9.5 9.4 +1.1 The maiden cash dividend of 25
Slide 9: Summary of Q3 Results
SUMMARY OF Q3 RESULTS The results are in line with the previous year and with management expectations. Some logistical challenges have been encountered and Covid-19 has impacted the operations of the plant. However the financial results have not been significantly affected. © 2020, Shamal Az-Zour Al
Slide 10: Key Events
KEY EVENTS Covid-19 has had minimal impact on the Company. The pandemic has affected the operations at site and significant changes to working practices have had to be implemented. This has resulted in disruption to our employees lives and caused hardship. However we are pleased to be able to say th
Slide 11: Key Events
KEY EVENTS There has been recent press speculation concerning the effect of Covid-19 and the low oil price on the ability of Kuwait to pay its obligations. We have a close working relationship with the Ministry of Electricity and Water (MEW) and we can confirm that they continue to settle our invoic
Slide 12: Questions and Answers
QUESTIONS AND ANSWERS © 2020, Shamal Az-Zour Al-Oula Power and Water Company K.S.C.P.
Slide 13: Investor Relations Contact
Investor Relations Contact: Ali Abdulsalam Compliance Officer and Investor Relations Manager IR@aznoula.com aznoula.com
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