Al Hassan Ghazi Ibrahim Shaker Co. · TADAWUL:1214

Al Hassan Ghazi Ibrahim Shaker — H1 2022 Earnings Presentation

23 slides from Al Hassan Ghazi Ibrahim Shaker's earnings presentation, September 2022

  1. Slide 1: Shaker Investor Presentation

    Shaker Investor Presentation September 2022

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared solely for use as an investor presentation for Shaker (the “Company”). By attending or by reading this presentation, you agree to be bound by the following limitations. The information contained in this presentation is for background purposes only and d

  3. Slide 3: Presenters

    Presenters Mohammed Abunayyan Mazen ElGhafeer Firas AlSayegh Chief Executive Officer Vice President – Finance Director – Strategy & Transformation Page 3

  4. Slide 4: Business Overview

    Business Overview

  5. Slide 5: Middle East's Leading A/C & Home Appliance Solutions Company

    Middle East’s Leading A/C & Home Appliance Solutions Company Saudi’s leading authorized importer & distributor of key international brands Air Conditioning (A/C) Home Appliances Core products Consumer A/C Commercial A/C Applied A/C Major Domestic Dishwasher Food preparation Split A/C Chillers Ceilin

  6. Slide 6: Shaker's Story

    Shaker’s Story Launched Capital increase from SAR 350 million to Turnaround & Air Conditioners (Sole SAR 630 million Transformation Distribution Rights KSA Manufacturing Expansion of LG Air Strategy Execution Launched Arm - Joint Venture Publicly Listed - Annual sales Conditioning Launched signed wi

  7. Slide 7: World-Class Brand Portfolio & Competitive Positioning

    World-Class Brand Portfolio & Competitive Positioning Air Conditioners Home Appliances Competitive positioning High-end Flexibility Low-end Functionality Page 7

  8. Slide 8: Manufacturing partner of choice for LG A/C in Middle East

    Manufacturing partner of choice for LG A/C in Middle East • Current products: Window, Wall mounted Split units, Concealed units, Cassette units, Free stand units, Single Package units, Air Handling Units • Year opened: 2008 Integration of robotics Manufacturing Alignment with Vision 2030 and AI to i

  9. Slide 9: Shaker - A Unique Investment Opportunity

    Shaker - A Unique Investment Opportunity Products, Brands Distribution Management Manufacturing Growing market & Services capability Market-leading Kingdom-wide A senior executive Joint Venture The market for AC products, distribution management team with LG Air solutions and Home internationally- n

  10. Slide 10: Strategic Priorities for Future Growth

    Strategic Priorities for Future Growth • Become the leading supplier in existing business segments & add new brands and products to portfolio • B2B and after sales growth – increase presales and capture mega project opportunities Targets & Goals 2023 Grow market share • Grow e-commerce sales and pro

  11. Slide 11: Strategic Milestones: H1 2022

    Strategic Milestones: H1 2022 SIGNIFICANT ACHIEVEMENTS GROWTH DRIVERS CORE BUSINESS HIGHLIGHTS • Ongoing execution on growth • Bompani MoU to launch a • Obtained Saudi Energy Efficiency Ratio strategy manufacturing facility in KSA to (SEER) stamp of approval for AC’s produce cooker ranges manufactur

  12. Slide 12: H1 2022 Financial Performance

    H1 2022 FINANCIAL PERFORMANCE

  13. Slide 13: Key Highlights: H1 2022

    Key Highlights: H1 2022 Revenue by Segment SAR (Millions) Gross Profit +20.38% Gross Profit Margin +1.93pp +10.06% H1 2022 H1 2022 22.52% 143.20 H1 2021 118.96 H1 2021 20.59% 2.74 H1 2021 1.35 H1 2022 0.47% 0.21% EBITDA +22.53% EBITDA Margin +0.79pp H1 2022 49.60 H1 2022 7.80% H1 2021 40.48 H1 2021

  14. Slide 14: Robust Balance Sheet: H1 2022

    Robust Balance Sheet: H1 2022 Key Return Ratios (YoY) 1.76% 1.83% ROA +0.58pp ROE +1.57pp 4.07% H1 2022 H1 2022 4.07% 1.56% 2.50% H1 2021 0.98% H1 2021 2.50% 1.56% 0.69% 0.70% 0.98% Return on Return on Return on Return on Assets Equity Assets Equity Current Ratio -1.85% EBIT/Int. Expense +40.76% H1

  15. Slide 15: Leverage Levels: H1 2022

    Leverage Levels: H1 2022 Interest Bearing Debt 182M +1.67% +4.70% 472 Total Liabilities/Total Assets Total Liabilities/Equity 290 H1 2022 0.61x H1 2022 1.56x H1 2021 0.60x H1 2021 1.49x H1 2021 H1 2022 Interest Coverage Ratio +40.76% Net Debt/Equity -13.26% Net Debt 2.97x H1 2022 0.55x H1 2022 394 2

  16. Slide 16: Cash Flow Bridge: H1 2022

    Cash Flow Bridge: H1 2022 Highlights 36.6 141.7 141.0 • Net Cash Position was -0.6 40.02M mainly driven by higher Operating Cash of 19.9 88.6M. 93.0 32.1 -48.0 o Change in WC is mainly driven by higher Trade 53.0 Payables. • SAR 48 million used in Financing Activities mainly due to repayment Cash @

  17. Slide 17: Q&A Session

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  18. Slide 18: Appendix I: Detailed Financials

    APPENDIX I: Detailed Financials

  19. Slide 19: Income Statement

    Income Statement SAR ‘000 H1 2022 H1 2021 YoY Change YoY Change (%) (SAR ‘000) Sales 635,887 577,782 58,105 10.06% Cost of Sales (492,685) (458,819) (33,866) 7.38% Gross Profit 143,202 118,963 24,239 20.38% G&A Expenses (43,837) (47,315) 3,478 -7.35% S&D Expenses (59,382) (46,605) (12,777) 27.42% Im

  20. Slide 20: Cash Flow Statement

    Cash Flow Statement SAR ‘000 H1 2022 H1 2021 YoY Change YoY Change (SAR ‘000) (%) Cash Flows from Operating Activities Profit/(loss) before Zakat and Taxes 32,068 22,054 10,014 45.41% Adjustments for Non-Cash Items 19,920 23,585 -3,665 -15.54% Changes in Working Capital 36,642 (130,023) 166,665 -128

  21. Slide 21: Balance Sheet

    Balance Sheet SAR ‘000 H1 2022 H1 2021 YoY Change YoY Change (SAR ‘000) (%) ASSETS Non-Current Assets 694,947 672,977 21,970 3.26% Current Assets 997,360 884,286 113,074 12.79% Total Assets 1,692,307 1,557,263 135,044 8.67% EQUITY Total Equity attributable to Shareholders 648,523 611,388 37,135 6.07

  22. Slide 22: Shareholding Structure

    Shareholding Structure Shareholding structure Share information Market Tadawul, Saudi Arabia Currency SAR 12.2% Listing date May 2010 9.9% Financial year-end 31 December Lafana Holding Tawazon Arabia Co Authorized capital (SAR) 482,334,000 Lama Holding 5.7% Issued shares 48,233,400 Other /Public 72.

  23. Slide 23: Contact

    CONTACT MR. MAZEN ELGHAFEER VICE PRESIDENT FINANCE M.GHAFEER@SHAKER.COM.SA +966-11-2638900

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