Mezzan Holding Company Kscc · KSE:MEZZAN

Mezzan Holding Company Kscc — Mezzan Holding Company — Q1 2017 Earnings Presentation

14 slides from Mezzan Holding Company Kscc's earnings presentation, May 10, 2017

  1. Slide 1: Q1 2017 Earnings Presentation

    Q1 2017 EARNINGS PRESENTATION May 10, 2017 1

  2. Slide 2: Today's Agenda

    Today’s Agenda ๏ Q1 2017 Highlights ๏ Historical Performance ๏ Financial Review ๏ Q&A 2

  3. Slide 3: Q1'17 Highlights (KD)

    Q1’17 Highlights (KD) Q1 2017 Revenue 57.5 m +3.4% EBITDA 7.3 m +2.2% Reported Net Profit 5.3 m +2.4% (Attributable to equity holders of parent company) Underlying Net Profit* 5.3 m +2.4% *Excluding the previously anticipated KSA losses attributable to shareholders of the parent company KD 242K, under

  4. Slide 4: Q1'17 Highlights: Tailwinds and Headwinds

    Q1’17 Highlights ➜ ➜ Tailwinds ➜ ➜ Headwinds ➜➜ ➜ ➜ • Strong growth in core sector: +9.1% F&B Manufacturing and • Challenging and rapidly changing macro Distribution (in all key markets) environment and consumer behavior impacting return on marketing activities • Regional platform is starting to pay

  5. Slide 5: Mezzan Foods KSA - update

    Mezzan Foods KSA - update Tu T r u n r - n A - r o A u r onudn P d la n Plan r o u n d P l a n Expansion planned in 2017 with OperationsTurn-A Streamline Opeerations Streamlin LeveraLge scalesc Lever ever strengstth res, , dralive age agou Gr ngbu eG e, dgr G rive roow u proup ildbuild ths, gth p ro

  6. Slide 6: Historical Performance (KD m)

    Historical Performance (KD m) Revenue Gross Profit EBITDA Underlying Net Profit +0.2* 57.5 15.2 7.3 5.5 6.9 7.1 5.3 55.7 5.2 14.3 52.9 13.4 5.9 47.8 11.9 3.7 6.4% 8.5% 7.5% 12.7% Q1'14 Q1'15 Q1'16 Q1'17 Q1'14 Q1'15 Q1'16 Q1'17 Q1'14 Q1'15 Q1'16 Q1'17 Q1'14 Q1'15 Q1'16 Q1'17 Increase by +2.2% vs Q1’16

  7. Slide 7: Financial Review

    Financial Review 7

  8. Slide 8: Revenue Segmentation and Discussion: Food Business Line

    Q1’17 Revenue Segmentation and Discussion Red: Revenue contribution to total Group revenue in Q1 2017. White: Revenue growth in Q1 2017. Catering Food Business Line ➜ +19.7% ➜ 12.9% +7.7% Manufacturing Distribution KD40.1 m ➜ (69.6% of total +9.1% Services ➜ 6.3% revenue) 50.4% -17.8% Commentary • S

  9. Slide 9: Revenue Segmentation and Discussion: Non Food Business Line

    Q1’17 Revenue Segmentation and Discussion Red: Revenue contribution to total Group revenue in Q1 2017. White: Revenue growth in Q1 2017. Non Food Business Line Industrials ➜ -5.2% ➜ +1.0% 2.7% KD17.5 m (30.3% of total FMCG and Pharma revenue) ➜ -5.8% 27.6% Commentary Decline in FMCG was driven by th

  10. Slide 10: Q1'17 Revenue by country

    Q1’17 Revenue by country Red: Revenue contribution to total Group revenue in Q1 2017. White: Revenue growth in Q1 2017. Kuwait UAE Qatar Jordan KSA Afghanistan Iraq 69.7% 13.6% 8.7% 2.8% 2.8% 1.7% 0.8% ➜ ➜ ➜ ➜ ➜ ➜ ➜ 2.4% 0.6% 4.9% -39.2% 1125.5% -2.3% 104.7% Commentary Kuwait: Businesses have perfor

  11. Slide 11: Q1'17 P&L Commentary

    Q1’17 P&L Q1’17 Commentary Revenue 57.5 +3.4% Driven by strong growth in Food M&D and Catering Gross Profit 15.2 +6.0% Improvements driven by Food M&D GM% 26.4% Driven by selling/distribution, staff, tax in Qatar SG&A / Other (9.1) +8.9% primarily in Food M&D and Catering Underlying Profit before ta

  12. Slide 12: Q1'17 Cash Flow (KD m)

    Q1’17 Cash Flow (KD m) Q1’17 Q1’16 Diff. Commentary Operating Cash Flow before WC changes 7.5 7.6 (0.1) Working Capital (7.4) (3.1) (4.3) Investment in new business Operating Cash Flow 0.1 4.5 (4.4) CAPEX / Other investing activities (3.0) (2.4) (0.6) Projects in progress Cash Flow before financing

  13. Slide 13: Q1'17 Balance Sheet (KD m)

    Q1’17 Balance Sheet (KD m) Total Assets (KD m) Equity (KD m)* Net Debt (KD m) Net Debt to Equity (%)* 216.8 35.2 30.6% 111.4 32.9 195.5 102.6 30.1 26.5% 175.0 29.7 24.0% 156.8 22.4% 83.4 74.5 +11.4% +14.4% +2.3% Q1'14 Q1'15 Q1'16 Q1'17 Q1'14 Q1'15 Q1'16 Q1'17 Q1'14 Q1'15 Q1'16 Q1'17 Q1'14 Q1'15 Q1'1

  14. Slide 14: Key Contacts

    Key Contacts Mohammed Khajah Head of Corporate Development and Investor Relations Mezzan Holding T: +965 2228 6336 M : +965 9977 0147 E : mohammed.khajah@mezzan.com 14

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