Meeza Qstp Llc · QSE:MEZA
Meeza Qstp — H1 2023 Earnings Presentation
20 slides from Meeza Qstp's earnings presentation, Aug 2, 2023
Slide 1: H1 2023 Financial Performance
H1 2023 Financial Performance 2 August 2023 Msheireb Downtown Doha 3rd Floor, Building No. 2, Street 981, Zone 3 Tel: +974 4004 0044 Email: investors@meeza.net P.O. Box 892, Doha Qatar Fax: +974 4004 0004
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by MEEZA QSTP LLC (Public) (the Company) for informational purposes only. Neither this presentation, nor any part of it, may be relied on in connection with, or act as an inducement to, or otherwise as the basis for entering into any contract or commitm
Slide 3: Operations Overview
Operations Overview Eng. Ahmad AL-Muslemani Chief Executive Officer 3
Slide 4: Welcome to MEEZA!
Welcome to MEEZA! Established in 2008 as a Qatar Foundation joint venture, MEEZA is an end-to-end managed IT services and solutions provider in Qatar In addition to operating 5 Data Centers (M-Vaults), the Company offers Managed IT Services, Solution Services, Workplace Services, Security & Cloud se
Slide 5: IPO Highlights & Update
IPO Highlights & Update SHAREHOLDING 324.5m shares sold (50% of share capital) Coordinating final technical and Individuals regulatory requirements 31% Oversubscribed >111% in June 2023 Founders 50% Qatar’s first ever book building IPO Listing is expected in August 2023 and an official announcement
Slide 6: Key Messages for H1 2023
Key Messages for H1 2023 Record H1 Results Strong Sales Pipeline Delivering Results • +42% growth in • >QR 280m in contract • Migration of clients from Revenues year on year value sold in first half old Government Cloud to to QR 221.8m the MEEZA Cloud • >QR 1.3b in committed • Net Profit of QR 29.7m
Slide 7: Financial Results
Operations Financial Results James Corby Chief Financial Officer 7
Slide 8: H1 FY23 Financial Performance | v H1 FY22
H1 FY23 Financial Performance | v H1 FY22 QR m 1) Revenue Expenses EBITDA Net Profit +41.9% +66.4% +4.2% +17.8% • Total Revenue grew 41.9% (QR 65.5m) led by Managed Services growth of 47% and Solution Services 180% • Expenses QR 62.9m (66.4%) higher due to higher revenue, revenue mix, expansion cost
Slide 9: Q2 FY23 Financial Performance | v Q2 FY22
Q2 FY23 Financial Performance | v Q2 FY22 QR m 1) Revenue Expenses EBITDA Net Profit +75% +140% +3.7% +1.6% • Total Revenue grew 75% (QR 54.9m) led by Solutions growth of 379% and Managed Services 46% • Expenses QR 53.7m (140%) higher primarily due to growth in cost of sales as a result of higher re
Slide 10: H1 FY23 Financial Performance | H1 YoY Trend
H1 FY23 Financial Performance | H1 YoY Trend QR m Revenue Net Profit +41.9% +17.8% +6.7% +6.7% • Total Revenue grew 41.9% (QR 65.5m) YoY led by Solution Services growth of 180% and Managed Services increase of 47% • Net Profit 17.8% higher YoY primarily due to higher revenue and lower OPEX 10
Slide 11: Q2 FY23 Financial Performance | QoQ Trend
Q2 FY23 Financial Performance | QoQ Trend QR m Revenue Net Profit +37% +73% • Total Revenue grew 37% (QR 34.6m) QoQ led by Solution Services growth • Net Profit 73% higher QoQ primarily due to higher revenue 11
Slide 12: H1 FY23 Financial Performance | Capital Expenditure
H1 FY23 Financial Performance | Capital Expenditure QR m (unless stated) CAPEX Return of Capital Employed (ROCE)* • FY20 & FY21 CAPEX impacted by the construction of MV2 • ROCE increasing from 5% in December 2019 to 8% in June extension (0.9MW) and MV4 (4 MW) data centers 2023 driven by growth of hi
Slide 13: H1 FY23 Financial Performance | Cash Flow from Operations
H1 FY23 Financial Performance | Cash Flow from Operations QR m (unless stated) Cash generated from Operations* (Net Debt) / Net Cash * Cash generated from operations as per statement of cash flows net off lease payments • FY19 H1 & FY21 H1 impacted by working capital • Company in a net cash position
Slide 14: Q&A
Operations Q&A 14
Slide 15: Appendix
Operations Appendix 15
Slide 16: H1 FY23 | Statutory results
H1 FY23 | Statutory results Consolidated Statement of Income & Statement of Financial Position QR 000's (unless otherwise stated) 30-Jun-23 30-Jun-22 YoY QR 000's (unless otherwise stated) 30-Jun-23 31-Dec-22 YoY ASSETS Revenue 221,789 156,283 65,506 Non-current assets Cost of sales (164,128) (101,7
Slide 17: Company Highlights
Company Highlights Four Tier III certified 1st Centralised datacentres offering Command & Control uptime of 99.98 % Centre in Qatar Provision world-class End-to-end Managed IT Services and Solutions 1st Commercial 1st Company to Security Operations Certified LEED achieve 4 Star SDI Centre in Qatar P
Slide 18: End-to-end IT Service Portfolio
End-to-end IT Service Portfolio Data Managed Master Cloud Solutions Workplace Centers Services IT Services Services Service Services Services Integration Development, Leveraging MEEZA’s Tailored IT solutions Ad-hoc IT Provision of onsite Provision of multiple management and data center provided to c
Slide 19: Key Investment Highlights
Key Investment Highlights Leading • World is experiencing a data boom, creating significant demand for data centers and IT services Position in • Operate in a market where energy prices and telecom connectivity are favorable making supply chains reliable. • Qatar’s Data Center pioneer Digitalization
Slide 20: Thank You
Thank You Yaman AlJundi Head of Investor Relations Qatar Science & Technology Park Tel: +974 4004 0044 Tech 2, Office # 203, 2nd Floor Email: investors@meeza.net Fax: +974 4004 0004 P.O. Box 892, Doha Qatar