Agility Public Warehousing Co. K.S.C. · KSE:MKHZN
Agility Public Warehousing Co. K.S.C — Agility Public Warehousing Company — Q3 2019 Earnings Presentation
17 slides from Agility Public Warehousing Co. K.S.C's earnings presentation, November 2019
Slide 1: Agility Earnings Call Presentation Q3 2019 Results
November 2019 Agility Earnings Call Presentation Q3 2019 Results
Slide 2: Disclaimer
Disclaimer This presentation is strictly confidential and is being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose. This presentation has been prepared by Agility Public Ware
Slide 3: Agenda
Agenda 1 Financial Highlights 2 Business Segments 3 Q&A 3
Slide 4: Q3 2019 highlights
Q3 2019 highlights • Double Digit Earnings growth (excluding IFRS 16) • Infrastructure group drove the growth momentum in this quarter • Challenging freight forwarding environment continued in Q3 2019 • GIL business moves forward with its digitization plans and continues to implement its strategy to
Slide 5: QTD-Sep 2019 Key Figures
QTD- Sep 2019 Key Figures (Excluding IFRS 16 Impact) Net Revenue EBITDA Net Income In Million KD In Million KD In Million KD 132.6 40.4 22.4 +5.9% +2.8% +12.1% Net Debt Free Cash Flow In Million KD In Million KD 196.0 19.4 +41.6% +562.4% 5
Slide 6: YTD-Sep 2019 Key Figures
YTD- Sep 2019 Key Figures (Excluding IFRS 16 Impact) Net Revenue EBITDA Net Income In Million KD In Million KD In Million KD 383.9 121.4 65.6 +2.6% +6.4% +11.3% Net Debt Free Cash Flow In Million KD In Million KD 196.0 (11.2) +41.6% +285.3% 6
Slide 7: QTD-Sep 2019 Group Financial Performance
QTD-Sep 2019 Group Financial Performance KD Mn Revenue Net Revenue Excl. IFRS 16 +6.3 +8.1 (1.6%) (+6.5%) 394.4 400.7 133.3 125.2 +7.3 0.8 +5.9% 132.5 Margin Margin 31.7% 33.3% Q3 2018 Q3 2019 Q3 2018 Q3 2019 EBITDA Net Profit +8.2 (+20.9%) +1.7 (+8.4%) 47.4 21.7 39.2 +1.1 7.1 20.0 +2.4 +2.8% +12.1%
Slide 8: YTD-Sep 2019 Group Financial Performance
YTD- Sep 2019 Group Financial Performance KD Mn Revenue Net Revenue Excl. IFRS 16 +12.3 +25.3 (+3.3%) (2.2%) 1,175.8 386.4 1,150.4 374.1 2.4 +9.9 +2.6% 384.0 Margin Margin 32.5% 32.9% 9M 2018 9M 2019 9M 2018 9M 2019 EBITDA Net Profit +28.4 +4.7 (+24.9%) (+7.9%) 142.4 63.6 +7.3 21.0 58.9 +6.7 114.0 +
Slide 9: YTD-Sep 2019 Contribution by Business Group
YTD- Sep 2019 Group Financial Performance KD Mn Net Revenue contribution by Business Group EBITDA contribution by Business Group Pre-IFRS 2.7% 2.5% 2.6% -0.3% 8.3% 6.4% Y/Y 71.1% 12.2% 24.9% 3.7% 2.8% 3.3% Growth 386.3 142.4 374.1 5.0 7.2 10.9 17.5 42.1 114.0 (30%) 196.1 203.3 24.6 GIL (53%) GIL (52
Slide 10: Balance Sheet
Balance Sheet KD Mn Balance sheet 9M 2019 9M 2018 Variance % v/s 2018 Current assets 579.6 580.5 -0.9 -0.2% Non-Current assets 1416.4 1,225.5 190.9 15.6% • Consistently maintaining a strong asset Total assets 1,995.9 1,806.0 189.9 10.5% base Current liabilities 505.5 612.3 -106.8 -17.5% • Controlled
Slide 11: Statement of Cash Flows
Statement of Cash Flows KD Mn Cash Flow Statement 9M 2019 9M 2018 Variance % Cash from Operating activities before 357 145.3 116.4 28.9 24.8% changes in working capital 100 Changes in working capital -28.2 -44.2 16.0 36.3% 94 18.3% 20.5% 88 Other Items -19.0 -16.8 -2.2 12.9% Net Cash flow from opera
Slide 12: Business Segments
Business Segments Agility
Slide 13: GIL Financial
GIL Financial Performance KD Mn QTD Sep’19 YTD Sep’19 -2.4% -0.7% -2.1% 1.1% 292.2 285.0 290.0 859.6 841.9 869.3 Revenue Q3 2018 Q3 2019 Q3 2019 @ CC 9M 2018 9M 2019 9M 2019 @ CC 4.9% 5.3% 3.7% 5.5% 64.8 68.0 68.2 196.1 203.3 206.8 Net Revenue & margins Margin Margin Margin 23.8% 23.5% Margin Margin
Slide 14: GIL Product Performance
GIL Performance KD Mn Product Performance Regional Revenue Contribution (% & absolute) QTD Sep’19 YTD Sep’19 21% -6.6% Net Net 20% (181.2) Product Volume Yield Volume Yield (@CC -5.2%) (169.2) Revenue Revenue AME ASP -2.8% -15.8% 15.5% -0.7% -6.7% 6.5% EUR MEA Growth 32% 3.9% 34% (271.7) (@CC 9.2%)
Slide 15: Infrastructure Group Financial
Infrastructure Group Financial Performance KD Mn QTD Sep’19 YTD Sep’19 QTD Sep’19 YTD Sep’19 14.8% Revenue Growth 13.1% 333.9 115.7 290.9 102.3 14.2% 17.4% Revenue 1 9.6% 15.3% Q3 2018 Q3 2019 9M 2018 9M 2019 1.4% -3.5% +7.5% 3.8% +12.2% 8.3% EBITDA 2 33.8 32.6 100.3 96.8 31.4 89.4 8.5% 4.6% Q3 2018
Slide 16: IFRS 16: Major impacts on YTD-Sep 2019 Numbers
IFRS 16: Major impacts on YTD-Sep 2019 Numbers KD Mn P&L Revenue - No change Decreased as lease expenses are recognized as depreciation COGS - 2.4 and interest costs Decreased as lease expenses are recognized as depreciation SGA - 18.6 and interest costs EBITDA + 21.0 Increased due to lower lease ex
Slide 17: Q&A Session
Q&A Session 17
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