Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — H1 2017 Earnings Presentation
26 slides from Quest Holdings Sa's earnings presentation, 2017
Slide 1: Corporate Presentation Based on H1 2017 Financial Results
Corporate Presentation Based on H1 2017 Financial Results 1
Slide 2: Table of Contents
01. QUEST GROUP OVERVIEW Table of Contents 02. FINANCIAL PERFORMANCE 03. AREAS of ACTIVITY 2
Slide 3: 01. Quest Group Overview
01. QUEST GROUP OVERVIEW 3
Slide 4: Quest Group at a Glance (6M 2017)
Quest Group at a Glance (6M 2017) More than Diversified business 192m 35 years successful Value operations applying active creation track management Revenues track record record (est. in 1981) principles Active in IT Products, IT 1.538 More than Services, Courier/Post , 10 Countries 162m Group Finan
Slide 5: Strategy Building Blocks
Strategy Building Blocks Innovation Customer International Driven Diversification Expansion Human Capital & Values Operational Excellence 5
Slide 6: Share & Shareholders Structure (30/9/2017)
Share & Shareholders Structure (30/9/2017) Free Float 24% Theodoros Total Capital Return to the Eftychia Fessas Koutsoureli 51% Shareholders (2007-2016) 25% € 53.080k 1.400,0 12,00 1.200,0 10,00 1.000,0 8,00 800,0 95m 600,0 6,00 4,00 Capitalization 400,0 200,0 2,00 0,0 0,00 2014 2015 2016 2017 Gener
Slide 7: 02. Financial Performance
02. FINANCIAL PERFORMANCΕ 7
Slide 8: Quest Group P&L (6months 2017)
Quest Group P&L (6months 2017) 6M 2017 % 6M 2016 Amounts in ,000 € Sales 192.056 8,8% 176.551 EBITDA 15.732 17,9% 13.339 % EBITDA 8,19% 7,56% EBT 8.110 -2,1% 8.285 % Adjusted EBT 4,22% 4,69% EAT 4.704 -15,6% 5.575 EAT & Minority interests 4.662 0,0% 4.664 Depreciations & Amortizations 5.203 3,3% 5.0
Slide 9: Quest Group P&L (6months 2017)
Quest Group P&L (6months 2017) Amounts in ,000 € SALES 200.000 2017 VS 2013 192.056 +36,3% 150.000 140.942 148.981 161.845 176.551 4years CAGR 100.000 +8% 50.000 - 2013 2014 2015 2016 2017 EBITDA EBT 20.000 10,0% 4,7% 8,2% 10.000 5,0% 7,6% 4,2% 2017 VS 2013 8,0% 15.000 6,3% 6,4% 8.000 3,6% 4,0% 2017
Slide 10: Quest Group P&L (full year)
Quest Group P&L (full year) SALES Amounts in ,000 € 450.000 400.000 350.000 388.227 6M 2017 VS 6M 2016 300.000 353.405 314.949 250.000 294.652 +9% 200.000 150.000 176.551 192.056 100.000 50.000 - 2013 2014 2015 2016 6M 6M 2016 2017 EBITDA EBT 35.000 10,0% 4,7% 8,2% 8,2% 20.000 4,5% 5,0% 30.000 7,6%
Slide 11: Continuing operations (6months 2017)
Continuing operations (6months 2017) 2016 2017 Sales +11% Sales 172.859 01 192.056 02 01 02 EBITDA 7.653 +106% EBITDA 15.732 EBT 6.667 +22% EBT 8.110 03 03 11
Slide 12: Highlights (6M 2017)
Highlights (6M 2017) Continued to invest in Greece under distressed macro Organic Profitability Growth conditions Significant Capex investments (€7,8m – Cardlink POS network >155k POS) Turnaround of continued loss New Photovoltaic Park (2MW - investment €1,5m) making activities (QoL & UNI TR.) Finan
Slide 13: Quest Group Balance sheet (6M 2017)
Quest Group Balance sheet (6M 2017) Group Balance Sheet 6M 2017 2016 Tangible & intangible assets 67.861 63.040 Goodwill 25.878 25.537 Other 35.262 28.457 Non-current assets 129.002 117.034 Inventories 18.102 17.080 Trade & other receivables Cash and cash equivalents 98.087 58.157 106.941 65.931 348
Slide 14: Quest Group Cash Flow (6M 2017)
Quest Group Cash Flow(6M 2017) Group Cash Flow 6M 2017 6M 2016 EBITDA 15.732 13.339 Depretiation/Amortizations -4.224 -4.078 Financial cost/(income) -1.784 -1.960 Capex(tangible assets) -7.036 -8.573 FCF(ops) 6.912 2.806 Receivables 8.847 -4.226 Inventories -916 3.350 Income Tax paid -1.196 -7 Debt-
Slide 15: H1 Post Balance Sheet Events
H1 Post Balance Sheet Events 31st of July 2017 BriQ Properties Minority interests (45%) REIC carve out and listing on the acquisition of Quest Energy S.A. Main Market of the Athens with total consideration of € Stock Exchange. (11.921.531 2.400k ordinary shares with nominal 01 value of € 2,3 each) 0
Slide 16: Outlook
Outlook o Focus on Retaining Profitability and Cost Optimization IT Products o Significant Growth and profit Turnaround of Qonline (You.gr) (Wholesale/ Retail) o Further Exploit Cooperation with Xiaomi / Expand Products line o Focus to Expand Istorm retail network o Focus on Retaining – Improving Pr
Slide 17: 03. Areas of Activity
03. AREAS of ACTIVITY 17
Slide 18: Segment Description
Segment Description IT Products (Wholesale/ Retail) IT Services Courier & Financial Postal Transactions Energy & Largest distributor of H/W and S/W products in #1 system integrator in Greece Other domestic market Largest Local Courier Certified Greek partner of 30+ countries of Leading P
Slide 19: Segment P&L (6months 2017)
Segment P&L (6months 2017) Amounts in ,000 € IT Products Courier & Financial IT Services Transactions Energy & Other Total Group (Wholesale/ Retail) Postal 86.709 42.984 47.205 14.908 250 8% 0,1% 22% Sales 45% 25% 192.056k 1.779 1.767 5.362 5.859 965 6% 11% 11% 37% EBITDA 34% 15.732k EBITDA Margin 2
Slide 20: IT Products (Wholesale/Retail) 6months 2017
IT Products (Wholesale/Retail) 6months 2017 Amounts in ,000 € Other cons. entries Total Sales 2017 55.056 5.976 28.434 7.855 (10.611) 86.709 2016 +8% 51.003 4.548 27.614 5.847 (8.679) 80.333 2017 842 91 731 128 (14) 1.779 EBITDA 2016 +20% 681 (142) 851 112 (18) 1.483 2017 166 42 625 (68) (14) 751 EB
Slide 21: IT Services (6months 2017)
IT Services (6months 2017) Amounts in ,000 € Other Total 2017 43.361 (378) 42.984 Sales 2016 41.594 (360) 41.234 +4% 2017 1.767 - 1.767 EBITDA 2016 -9% 1.951 - 1.951 2017 985 (150) 835 -35% EBT 2016 1.397 (110) 1.288 21
Slide 22: Courier & Post (6months 2017)
Courier & Post (6months 2017) Amounts in ,000 € Other cons. entries Total 2017 47.798 (593) 47.205 Sales 2016 41.643 (186) 41.457 +14% 2017 5.343 19 5.362 EBITDA 2016 4.188 26 4.214 +27% 2017 4.840 19 4.859 +30% EBT 2016 3.703 26 3.729 22
Slide 23: Financial Transactions (6months 2017)
Financial Transactions (6months 2017) Amounts in ,000 € Other cons. entries Total 2017 14.922 (14) 14.908 Sales 2016 9.664 (2) 9.663 +54% 2017 5.779 80 5.859 EBITDA 2016 2.326 (4) 2.322 +152% 2017 1.019 80 1.099 +195% EBT 2016 (1.205) 43 (1.162) 23
Slide 24: Other Activities (6months 2017)
Other Activities (6months 2017) Amounts in ,000 € Other cons. entries Total Sales 2017 2.823 229 944 (3.747) 250 -94% 2016 3.297 3.934 - (3.366) 3.864 2017 2.514 (57) 507 (2.000) 965 EBITDA 2016 2.061 2.634 - (4.169) 526 +83% 2017 -85% EBT 2016 2.434 2.140 (398) 2.944 531 - (2.000) (1.326) 567 3.758
Slide 25: Disclaimer
Disclaimer This document might contain estimations and forward-looking statements relating to the Group’s future business, development and economic performance. It also includes statements from sources that have not been independently verified by the Company. Such statements may be subject to a
Slide 26: Thank you
Thank you 26