Slide 1: H1 2012 Financials Conference Call
H1 2012 Financials Conference Call August 8th, 2012 Doha, Qatar 1
Slide 2: H1 2012 vs. 2011 – Financial Highlights
H1 2012 vs. 2011 – Financial Highlights H1 2012 vs 2011 Financial Highlights (in QR Millions) 1,400 Revenue up +0.4% 1,164 1,200 1,159 Operating Profit up +6.6% 1,000 Net Profit up +5.5% 800 600 418 441 400 320 300 200 - Revenue Operating Profit Net Profit 1H 2011 1H 2012 2
Slide 3: H1 2012 vs. 2011 Comparison
H1 2012 vs. 2011 Comparison (All amounts in QR 000’s, unless otherwise noted) 2012 2011 Variance OPERATING REVENUE 1,163,992 1,159,002 4,989 Salaries, Wages & Benefits (257,650) (234,954) (22,696) Operating Supplies & Expenses (355,745) (393,299) 37,555 Rent Expense (27,237) (26,831) (405) Depreciat
Slide 4: Pillar Overview
Pillar Overview Milaha Maritime & Logistics Milaha Trading • Port Services • Travel & Tourism • Container Shipping • Equipment Trading Agency • Logistics • Marine Equipment Sales & Service • Bulk Shipping • Bunker Sales • Asset Management • Service/Repair Center • Shipyard • Shipping Agencies
Slide 5: Consolidated Statement of Income, by Pillar - 2012
Consolidated Statement of Income, by Pillar - 2012 (All amounts in QR 000’s, unless otherwise noted) Consolidated Statement of Income, by Pillar 6 Months Ended, Jun 30, 2012 Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Reven
Slide 6: Consolidated Statement of Income, by Pillar - 2011
Consolidated Statement of Income, by Pillar - 2011 (All amounts in QR 000’s, unless otherwise noted) Consolidated Statement of Income, by Pillar 6 Months Ended, Jun 30, 2011 Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Reven
Slide 7: Pillar Performance YTD
Pillar Performance YTD 20% Revenue Growth and 70% Net Profit Growth vs. H1 2011 o Driven by strong revenue growth in Port Services, mainly attributable to additional revenue streams from the Qatar Port Management Co (QPMC) contract to manage Doha Port o Increase in Container Shipping revenues, dri
Slide 8: Pillar Performance YTD
Pillar Performance YTD 8% Decline in Revenues and 43% 11% Decline in Revenues and 15% Decline in Net Profit vs. H1 2011 Decline in Net Profit vs. H1 2011 o H1 2011 had non-recurring mobilization o LPG market rates declined in Q1, but revenues for a new contract rebounded in Q2 o Additional expen
Slide 9: Pillar Performance YTD
Pillar Performance YTD 16% Decline in Revenues and 1% 32% Growth in Revenues and 48% Decline in Net Profit vs. H1 2011 Growth in Net Profit vs. H1 2011 o Equipment Sales margins improved o Liquidated one fund managed by third vastly, as in H1 2011 we sold aged party, realizing significant gains
Slide 10: Outlook for rest of 2012
Outlook for rest of 2012 Macro outlook for the pillar is dependent on the timing and speed of infrastructure development in Qatar and the expansion of the industrial exports base in Mesaieed. Delayed project awards will drive increased volumes but perhaps not till 2013 Port volumes showing upw
Slide 11: Outlook for rest of 2012
Outlook for rest of 2012 Expected to perform better in H2 2012 Supply-demand imbalances still acute and beyond as one-time issues have and recovery will be relatively slow been resolved Tanker and product carrier rate trends Macro outlook is improving slightly are not encouraging in the shor