Lecico Egypt Sae · EGX:LCSW
Lecico Egypt Sae — H1 2022 Earnings Presentation
16 slides from Lecico Egypt Sae's earnings presentation, August 2022
Slide 1: 1H 2022 Results Presentation
L4H 2022 ReSults"Présentation meAugust 2022
Slide 2: Corporate Summary
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Slide 3: Introduction: An Egyptian exporter
Introduction: An Egyptian exporter Lecico Egypt S.A.E. was founded in 1959 and has been majority owned by the Gargour family since 1969 The company has a global competitive advantage making European Kfarchima quality sanitary ware at Egyptian costs Established 1959 c45% of Lecico’s sanitary wa
Slide 4: A major sanitary ware exporter
A major sanitary ware exporter
Slide 5: A major sanitary ware exporter to Europe
A major sanitary ware exporter to Europe Growth in group’s exports Lecico’s total export volumes (sanitary ware) Egypt’s leading sanitary ware exporter • Lecico exports over 80% of its sanitary ware sales value and over 74% of volume vs. 20% for local peers (1H 22) • Lecico sells to over 50 countrie
Slide 6: Significant cost advantage
Significant cost advantage International cost advantage Lecico produces sanitary ware at an all-in average cost of US$16.90/piece (1H 2022) – In Egypt (without costs of subsidiaries/consolidation) manufacturing cost averages US$13.74/piece of sanware (1H 2022) – Our information suggests other low co
Slide 7: Financial Overview
Financial Overview ¥ . oe ce t 1 pt’
Slide 8: Profit and loss
Profit and loss Net sales Cost of sales breakdown 1H 2022 Raw materials (24%) Other materials (17%) Energy (17%) Salaries and wages (17%) Depreciation (4%) Other costs (21%) EBIT Net Profit 8
Slide 9: Quarterly P&L Trends
Quarterly P&L Trends Net sales Gross profit EBIT Net Profit . 9
Slide 10: P&L Breakdown by Quarter
P&L Breakdown by Quarter 3577 069 |] 3055 St «3343 3450 |] 3582 4D © anos aoe |] 4306 23° 1949 |] 1752 15700522480 |] 2164 = 0122 |] 262d aS 9 119 20g |] os os ao | 520 soos $223 | ass e20 La SIS | SOUS 0360 ©6708 F281 || TAKS $361 4 |] 04 370) apes 5170 |] 5007 sass sisi 5793 |] 5032 so iso |f 2 a
Slide 11: Key Segmental Analysis
Key Segmental Analysis Sanitary ware – sales volumes and revenue Sanitary ware – selling price and cost per piece Sanitary ware – gross profit and margin Tiles – sales volumes and revenues Tiles – selling price and cost per sqm Tiles – gross profit and margin 11
Slide 12: Quarterly Key Segmental Trends
Quarterly Key Segmental Trends Sanitary ware sales volumes Sanitary ware average price and cost Tiles sales volumes Tile average price and cost 12
Slide 13: All Segmental Breakdowns by Quarter
All Segmental Breakdowns by Quarter 13
Slide 14: Balance Sheet by Quarter
Balance Sheet by Quarter a 1680 774 261.3 186.9 1536 MSS 18.0 190 ]/ 26 267 17992 1194 1M? iremtorr 01.0 $89.8 | 11334] 10872 |] 11492 108K4 10146 §=—945.0 97S 84.0 1982 897 85 5, 8.8 Recerables 406.7 07 a3 765.1 HS 10 GIF 655 638 675.0 GO4 6269 6857 156.8 512 Related partes -<debk balances: (22 63
Slide 15: Working Capital and Returns
Working Capital and Returns Working capital Returns and leverage Capital expenditures 2022f Maintenance Capex LE 75.0m 15
Slide 16: Thank you
Thank you For additional information, please contact: Taher G. Gargour Telephone: +203 518 0011 Fax: +203 518 0029 E-mail: tgargour@lecico.com Visit our website at: www.lecico.com Forward-looking statements: This presentation may contain certain “forward-looking statements”, relating to Lecico Egypt