Gulf International Services Qsc · QSE:GISS
Gulf International Services Qsc — Gulf International Services — Shareholder Meeting (March 2023)
20 slides from Gulf International Services Qsc's shareholder meeting presentation, Mar 13, 2023
Slide 1: Gulf International Services Annual General Assembly meeting
CLASSIFICATION: C0 - NON-CONFIDENTIAL Gulf International Services Annual General Assembly meeting 13 March 2023
Slide 2: Agenda of the Ordinary General Assembly meeting
CLASSIFICATION: C0 - NON-CONFIDENTIAL Agenda of the Ordinary General Assembly meeting 1. Listen to the Chairman's message for the financial year ended 31 December 2022. 2. Approve the Board of Directors' report on GIS’ operations and financial performance for the financial year ended 31 December 202
Slide 3: 1. Listen to the Chairman's message
CLASSIFICATION: C0 - NON-CONFIDENTIAL 1. Listen to the Chairman's message for the financial year ended 31 December 2022
Slide 4: 2. Approve the Board of Directors' report
CLASSIFICATION: C0 - NON-CONFIDENTIAL 2. Approve the Board of Directors' report on GIS’ operations and financial performance for the financial year ended 31 December 2022
Slide 5: Group: Net Profits and Revenue
CLASSIFICATION: C0 - NON-CONFIDENTIAL Group: Net Profits and Revenue Revenue (QR million) Net profit (QR million) Revenue growth from aviation, Profitability improved significantly drilling and catering segments led mainly due to the overall increase in to an overall increase in the Group revenues.
Slide 6: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Drilling Segment Revenue (QR million) • Revenue increased mainly due to redeployment of two suspended onshore rigs during 3Q-21, application of new rig day-rates for the offshore fleet since July’21 and higher management fees with 100% deployment of Gulfdrill JV
Slide 7: Aviation Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Aviation Segment Revenue (QR million) • The increase was mainly attributed to higher flying hours, coupled with growth in revenue noted across all the operations. Net Profit (QR million) • Profitability improvement was mainly supported by overall growth in segme
Slide 8: Insurance Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Insurance Segment Revenue • Decline in revenue was mainly linked to (QR million) loss of two insurance contracts within medical line of business. This decline was partially offset by growth in premiums from the general insurance line of business, on account of r
Slide 9: Catering Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Catering Segment Revenue (QR million) • Revenue improvement was mainly driven by the growth noted within the manpower segment on the back of realizations from a new contract won during latter part of last year. Net Loss (QR million) • Segment profitability impro
Slide 10: 3. Listen and approve the Auditor's Report
CLASSIFICATION: C0 - NON-CONFIDENTIAL 3. Listen and approve the Auditor’s Report on GIS’ consolidated financial statements for the financial year ended 31 December 2022
Slide 11: 4. Discuss and approve consolidated financial statements
CLASSIFICATION: C0 - NON-CONFIDENTIAL 4. Discuss and approve GIS' consolidated financial statements for the financial year ended 31 December 2022
Slide 12: 5. Present and approve 2022 Corporate Governance Report
CLASSIFICATION: C0 - NON-CONFIDENTIAL 5. Present and approve 2022 Corporate Governance Report
Slide 13: 6. Approve the Board's dividend recommendation
CLASSIFICATION: C0 - NON-CONFIDENTIAL 6. Approve the Board's recommendation for a dividend payment of QR 0.10 per share for 2022, representing 10% of the nominal share value
Slide 14: Proposed dividend for the year 2022
CLASSIFICATION: C0 - NON-CONFIDENTIAL Proposed dividend for the year 2022 Dividend of QR Total 0.10 per share, Dividend of equivalent to QR 186 10% of nominal share value million Payout ratio of 64% of 2022’s net earnings Gulf International Services, Annual General Assembly Meeting 14
Slide 15: 7. Absolve the Board of Directors from liability
CLASSIFICATION: C0 - NON-CONFIDENTIAL 7. Absolve the Board of Directors from liability for the year ended 31 December 2022 and fix their remuneration
Slide 16: 8. Appoint the external auditor for 2023
CLASSIFICATION: C0 - NON-CONFIDENTIAL 8. Appoint the external auditor for the financial year ending 31 December 2023 and approve their fees
Slide 17: Gulf International Services Extraordinary General Assembly meeting
CLASSIFICATION: C0 - NON-CONFIDENTIAL Gulf International Services Extraordinary General Assembly meeting 13 March 2023
Slide 18: Agenda of the Extraordinary General Assembly meeting
CLASSIFICATION: C0 - NON-CONFIDENTIAL Agenda of the Extraordinary General Assembly meeting 1. Approved the proposed merger of Amwaj, a wholly- owned subsidiary of GIS, with other selected entities, and authorizing GIS Board of Directors, or anyone authorized by the GIS Board of Directors, to take al
Slide 19: Amwaj Merger
CLASSIFICATION: C0 - NON-CONFIDENTIAL Creating largest Local Qatari Champion within Amwaj Merger the Catering sector in Qatar Key highlights of the Shareholding structure merger (ensuring equal rights among shareholders) GIS Tamween Abela Qatar Estimated fair Merger will 30.0% 35.7% 34.3% value of c
Slide 20: Thank you
CLASSIFICATION: C0 - NON-CONFIDENTIAL Thank you
Gulf International Services — Shareholder Meeting (March 2023) on 6ix