Alkhorayef Water & Power Technologies · TADAWUL:2081
Alkhorayef Water & Power Technologies — Q1 2024 Earnings Presentation
34 slides from Alkhorayef Water & Power Technologies's earnings presentation, 2024
Slide 1: AWPT Earning and Business Presentation Q1 2024
AWPT Earning and Business Presentation Q1 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Alkhorayef Water & Power Technologies (AWPT) and reflects the management’s current expectations or strategy concerning future events and are subject to known and unknown risks and uncertainties. Some of the statements in this presentation constitute
Slide 3: CEO Message - Performance driven
CEO Message - Alkhorayef Water and Power Technologies (AWPT): Performance driven Allow me to express our excitement to meet again and share with you AWPT’s performance and achievements in- light of the great water sector opportunities announced recently. At Alkhorayef Water and Power Technologies, w
Slide 4: CEO Message - Performance driven – Continued
CEO Message - Alkhorayef Water and Power Technologies (AWPT): Performance driven – Continued On the financial side as at 3M 2024, company revenue grew by 42% compared to same period previous year, gross profit grew by 39% at a margin of 17.2%, with net income before zakat growth of 30% at Sar 48.45
Slide 5: AWPT Key Figures
AWPT Key Figures AWPT at a glance KEY FACTS AND FIGURES AWPT is a market leader in the Kingdom's water and wastewater sector, with a long-standing history of successful operations across the country. Established Population served 1985 Over 26.5 million Ranked 14th global water company by GWI, a high
Slide 6: AWPT Activities Across Full Value Chain of Water & Wastewater
AWPT Activities Across Full Value Chain of Water & Wastewater DELIVERY MODEL AWPT'S COVERAGE ACROSS MULTIPLE DIMENSIONS 1,124,792 AWPT offering and Construction Desalination Water Treatment capabilities (EPC) We offer integrated services along the entire Operation & Maintenance Water Transmission Wa
Slide 7: The Water Segment
The Water Segment Our Water segment includes water withdraw and treatment services and water networks services 1,124,792 Water withdraw and treatment encompasses: • Water Treatment Plants – Engineering, procurement, rehabilitation, construction and O&M of large capacity and centralized sea water and
Slide 8: The Wastewater Segment
The Wastewater Segment Our Wastewater segment includes wastewater treatment services and wastewater networks services Wastewater treatment encompasses: • Sewage Wastewater Treatment Plants - Engineering, procurement, execution, commissioning, upgrading and rehabilitating of advanced large-scale plan
Slide 9: The Integrated Water Solutions Segment
The Integrated Water Solutions Segment Our Integrated Water Solutions segment includes stormwater networks services, city management services and water management services Stormwater networks encompasses: • Stormwater Network - Engineering, procurement, execution, commissioning, upgrading, rehabilit
Slide 10: Strong presence across the water value chain in O&M and Project Services
Through its long operational history, AWPT has established strong presence across the water value chain in O&M and Project Services Average Revenue Sea Water Dams Ground Water Contribution Sub-segments (2018 – 3M 2024) 1 Water 1 1 Water supply and treatment 22% Desalination Treatment Upstream 2 Wate
Slide 11: Extensive local knowledge and geographical footprint expansion
Amassed extensive local knowledge and diversified experience, enabling significant geographical footprint expansion Hail 5 projects Alhudud Ashimaliyah 2 workshops 3 projects Qassim 1 workshops 11 projects Tabuk 1 workshops 1 projects Riyadh 1 workshops 22 projects Almadinah 6 workshops 7 projects E
Slide 12: Executive Summary for AWPT Performance – PTD Q1 2024 Vs Q1-2023 & Vs Q4-2023
Executive Summary for AWPT Performance – PTD Q1 2024 Vs Q1-2023 & Vs Q4-2023 Sustainable and adaptive company achieving continued growth and outstanding 360-degree performance Financial Performance PTD Q1 2024 PTD Q1 2023 YoY % PTD Q1 2024 PTD Q4 2023 YoY % Statement of Profit or Loss Actual Actual
Slide 13: Executive Summary for AWPT Performance – YTD Q1 2024 Vs Q1-2023
Executive Summary for AWPT Performance – YTD Q1 2024 Vs Q1-2023 Sustainable and adaptive company achieving continued growth and outstanding 360-degree performance Financial Performance YTD Mar 2024 YTD Mar 2023 YoY % Statement of Profit or Loss Actual Actual Change Q1 2024 YTD Revenue 458.15 321.61
Slide 14: Revenue Backlog Q1-24
Revenue Backlog Q1-24 6, 7 8,878 457 43 8,860 1,124,792 44% 2,741 3,577 1,6 5 56% 1,078 1,641 806 582 83 4 7 764 1,106 543 483 31 4 4 658 400 evenue ecognized ew ontracts hange rders Backlog Pro ects evel opment Revenue backlog — The company secured over 12 billion sar in new contracts leading to 7
Slide 15: Backlog Recognition as of Q1 2024
Backlog Recognition as of Q1 2024 Revenue Recognized - The company is projecting a record-breaking year in 2024 with revenue of 2.4 bsar. This is followed by healthy contributions from existing projects in 2025 (1.5 bsar) and 2026 (1.0 bsar). - Revenue contribution does not include the latest award
Slide 16: Revenue and Backlog Segmentation
Revenue and Backlog Segmentation Revenue and Backlog by Segment SAR'000 Mar-23 Mar-24 Backlog (Q1- 24) Revenue and Backlog Diversification Maintaining a Versatile and Water segment Water networks 53,654 48,003 4,753,771 Comprehensive Operations Water withdraw and treatment 125,586 280,923 418,459 •
Slide 17: IWTP2 Project Overview: Rayis-Rabigh (Awarded)
IWTP2 Project Overview : Rayis-Rabigh (AWARDED) Project Timetable Project Name Rayis-Rabigh IWTP Tariff SAR 1.25678 / m3 Ministry of Finance Project Capacity / Length 500,000m3/day / 150km 35 years from the Project Commercial Operation WTA Term ate (“PCOD”) COBRA AWPT Credit Support SPV, EPC Company
Slide 18: Long Term O&M Contracts for Sewage Treatment Plant Package #5 – Manfouha
Long Term O&M Contracts for Sewage Treatment Plant PACKAGE #5 – Manfouha (AWARDED) Project Overview The project consists of three existing sewage treatment plants in the Riyadh area namely the Manfouha North, Manfouha East, Manfouha 4 with total treatment capacity of 700,000 m3/day, the three STPs
Slide 19: Long Term O&M Contracts for Sewage Treatment Plant Package #6 - Heet and Al-Hayer
Long Term O&M Contracts for Sewage Treatment Plant PACKAGE #6 - Heet and Al-Hayer (AWARDED) Project Overview The project consisting of four existing sewage treatment plants in the Riyadh area namely “Hayer STP, Heet 01 STP, Heet 02 STP and Heet 03 STP” with total treatment capacity of 870,000 m3/d
Slide 20: Package #6 Financial Close Progress
Long Term O&M Contracts for Sewage Treatment Plant PACKAGE #6 - Heet and Al-Hayer (AWARDED) Financial Close Progress The project consisting of four existing sewage treatment plants in the Riyadh area namely “Hayer STP, Heet 01 STP, Heet 02 STP and Heet 03 STP” with total treatment capacity of 870,
Slide 21: Long Term O&M Contracts for Sewage Treatment Plant Package #7 - Al Ahsa
Long Term O&M Contracts for Sewage Treatment Plant PACKAGE #7 - Al Ahsa (AWARDED) Project Overview The project consisting of four sewage treatment plants in Al Ahsa area namely “Hofuf 01 STP , Hofuf 02 STP , Al Oyun STP and Al Omran STP” with total treatment capacity of 472,000 m3/day, the four ST
Slide 22: Package #7 Financial Close Progress
Long Term O&M Contracts for Sewage Treatment Plant PACKAGE #7 - Al Ahsa (AWARDED) Financial Close Progress The project consisting of four sewage treatment plants in Al Ahsa area namely “Hofuf 01 STP , Hofuf 02 STP , Aloyun STP and Al Omran STP” with total treatment capacity of 472,000 m3/day, the
Slide 23: IWTP4 Project Overview: Jubail-Buraidah (Under Submission)
IWTP4 Project Overview : Jubail-Buraidah (UNDER SUBMISSION) Project Timetable Project Name Jubail Buraidah IWTP Project Capacity / Length 650,000m3/day / 150km Ministry of Finance 35 years from the Project Commercial Operation WTA Term ate (“PCOD”) SPV, EPC Company and O&M Company Shares COBRA 37.5%
Slide 24: Revenue by Segment and Contract Type
Revenue by Segment and Contract Type Revenue by Segment (SAR MN) Revenue by Contract Type (SAR MN) Water Wastewater Integrated Water Solution O&M Project Services 1709 1709 822 822 318 569 569 256 923 521 521 275 168 1135 322 458 458 118 322 89 193 71 80 177 58 101 178 786 77 654 269 354 65 329 489
Slide 25: Margins: Gross Profit by Segment and Contract Type
Topline growth met with improving profitability margins Gross Profit by Segment (SAR MN) Gross Profit by Contract Type (SAR MN) Water Wastewater Integrated Water Solution O&M Project Services 262 262 187 187 151 34 151 144 31 144 136 59 37 9 22 22 79 21 60 50 31 79 197 57 5 57 11 150 97 13 129 79 11
Slide 26: Topline growth met with improving profitability
Topline growth met with improving profitability EBITDA (SAR MN) Net Income before Zakat (SAR MN) EBITDA Net Income 155 244 114 117 111 173 133 137 73 48 58 37 2020 2021 2022 2023 Q1-2023 Q1-2024 2020 2021 2022 2023 Q1-2023 Q1-2024 26 Investor Presentation: Alkhorayef Water and Power Technologies
Slide 27: Efficient performance solidifying a robust financial position
Efficient performance solidifying a robust financial position 362 330 581 Balance Sheet (SAR MN) 538 187 321 204 398 Equity Non-Current Liabilities 203 1,372 1,475 154 Current Liabilities 356 1,069 75 960 294 866 Non-Current Assets 67 107 215 597 586 473 84 Current Assets 339 36 288 155 170 Key Rati
Slide 28: AWPT strategically positioned to thrive in KSA's evolving water market
As a local champion, AWPT is strategically positioned to thrive in KSA’s evolving water market Strengthen leadership position in O&M Services, with focus on newly floated long-term O&M (LTOM) projects and city management projects Strategic Objectives Expand in Project Services for critical infrastru
Slide 29: Saudi Arabia Water and Wastewater Projects Pipeline - NWC Five Years Plan
Saudi Arabia Water and Wastewater Projects Pipeline National Water Company (NWC) – Five Years Capital Projects Plan AWPT Business Units Segment 1. Water segment 2. Wastewater segment 3. Integrated Water Solutions Sub-segments Water supply & treatment Water networks WW treatment WW networks Stormwate
Slide 30: Saudi Arabia Water and Wastewater Projects Pipeline - NWC LTOM Program
Saudi Arabia Water and Wastewater Projects Pipeline National Water Company (NWC) – Privatization Plan LTOM Program AWPT Business Units Segment 1. Water segment 2. Wastewater segment 3. Integrated Water Solutions Sub-segments Water supply & treatment Water networks WW treatment WW networks Stormwater
Slide 31: Saudi Arabia Water and Wastewater Projects Pipeline - SWPC Privatization
Saudi Arabia Water and Wastewater Projects Pipeline Saudi Water Partnership Company (SWPC) – Privatization Projects AWPT Business Units Segment 1. Water segment 2. Wastewater segment 3. Integrated Water Solutions Sub-segments Water supply & treatment Water networks WW treatment WW networks Stormwate
Slide 32: Saudi Arabia Water and Wastewater Projects Pipeline - WTTCO Capital Projects
Saudi Arabia Water and Wastewater Projects Pipeline Water Transmission & Technologies Co. (WTTCO) – Capital Projects AWPT Business Units Segment 1. Water segment 2. Wastewater segment 3. Integrated Water Solutions Sub-segments Water supply & treatment Water networks WW treatment WW networks Stormwat
Slide 33: Saudi Arabia Water and Wastewater Projects Pipeline - WTTCO Privatization
Saudi Arabia Water and Wastewater Projects Pipeline Water Transmission & Technologies Co. (WTTCO) – Privatization Projects AWPT Business Units Segment 1. Water segment 2. Wastewater segment 3. Integrated Water Solutions Sub-segments Water supply & treatment Water networks WW treatment WW networks St
Slide 34: Contact Details
Contact Details Rami Moussilli Ramzi Azar Chief Executive Officer Chief Strategy and Performance Officer
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