Bindawood Holding Company · TADAWUL:4161
Bindawood — H1 2023 Earnings Presentation
29 slides from Bindawood's earnings presentation, Aug 15, 2023
Slide 1: Investor Presentation H1 2023 & Q2 2023
INVESTOR PRESENTATION H1 2023 & Q2 2023 15 August 2023 | BinDawood Holding HQ Jeddah, KSA 1
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared for information and background purposes only. It has not been independently verified, and no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information contained herein, and no re
Slide 3: Today's Presenters
TODAY’S PRESENTERS Ahmad AR. BinDawood Muhammad Salim Patka Hassan Javaid Chief Executive Officer Chief Financial Officer Director Finance and Head of Investor Relations 3
Slide 4: About the Company
ABOUT THE COMPANY 4
Slide 5: About the Company
ABOUT THE COMPANY BinDawood Holding Co. (the Company) is one of the leading grocery retail operators of hypermarkets and supermarkets in the Kingdom of Saudi Arabia. The Company has a total of 84 stores, of which 54 are Hypermarkets, 27 are Supermarkets and 3 are Express stores. The stores are strat
Slide 6: Highlights of H1 2023
HIGHLIGHTS OF H1 2023 2.8 bn 868.7 mn 400.2 mn (+17%) (+14%) (+13%) Revenue (SAR) & YoY growth Gross Profit (SAR) & YoY Adj EBITDA (SAR) & YoY % in H1 2023 growth % in H1 2023 growth % in H1 2023 118 mn 31.1% 4.2% (+30%) (+410bps YoY) (+40bps YoY) Net Profit(SAR) & YoY Gross Profit Margin(%) Net Pro
Slide 7: Store Count
STORE COUNT H1FY2023 7
Slide 8: Strategically Located Stores
STRATEGICALLY LOCATED STORES 79 TOTAL STORES AT TOTAL STORES AT THE THE END OF H12022 84* END OF Q2FY2023 1 Tabuk 52 Hypermarkets 54 Hypermarkets Hail 1 Jubail 1 4 Khobar 4 Dammam Supermarkets 27 Supermarkets Unaizah 1 17 1 26 11 1 Manama 6 Riyadh Ahsa 3 3 Express stores 1 Express stores Madinah Al
Slide 9: Executive Management
EXECUTIVE MANAGEMENT AbdulKhaliq BinDawood Khalid BinDawood Ahmad AR.BinDawood Tariq Abdullah BinDawood Muhammad Salim Patka Executive Vice Chairman Managing Director Chief Executive Officer Chief Development Officer Chief Financial Officer Waleed Abdulrazzaq Basem Hijaz Medhat AboelSoud Mohammed Be
Slide 10: CEO Message
CEO MESSAGE 10
Slide 11: CEO Message
CEO MESSAGE “H1 2023 has witnessed accelerated growth, both in terms of revenue and profitability, consolidating the bounce back to normalcy post the pandemic. H1 2023’s reassuring growth narrative is a testimony to management’s success in navigating through turbulent waters over the last two years,
Slide 12: CEO Message
CEO MESSAGE Compared to H2 2022, gross margin improved by 410bps to 31.1% in H1 2023, due to a better product mix, cooling down of inflation to normal levels, and support from suppliers. In H1 2023, our net profit, before accounting for non-recurring rental reliefs, rose by 30.1% to SAR 118.0 millio
Slide 13: Growth Strategy
GROWTH STRATEGY 13
Slide 14: Well-Defined Growth Strategy
WELL-DEFINED GROWTH STRATEGY Achieving full potential for Customer centric approach - Improving the recently opened stores Focusing on providing a unique performance of the shopping experience existing stores Continuous store Strategic acquisitions Strengthening of expansion online platforms Resizin
Slide 15: Key Developments of 2023
KEY DEVELOPMENTS OF 2023 15
Slide 16: Key Developments of 2023
KEY DEVELOPMENTS OF 2023 Top Developments Growth – bouncing Visible improvement in Reinstated and busy Hajj Split of company back to normalcy online sales contribution & and Umrah seasons shares customer base Transfer of statutory reserve Achieved maturity in Loyalty Expanded the size of one to re
Slide 17: Trading Update
TRADING UPDATE 17
Slide 18: 18
18
Slide 19: Revenue Bridge: H1'23 vs H1'22 & Q2'23 vs Q2'22
REVENUE BRIDGE: H1’23 VS H1’22 & Q2’23 VS Q2’22 Revenue Bridge (amounts in SAR 'M) Q2’23 vs Q2’22 H1’23 vs H1’22 1,411.6 75.2 1,220.9 21.1 4.2 5.1 13.9 29.2 21.5 20.5 Q2'2022 HARAMAIN PILGRIMS LFL BD LFL DNB VIP SALES RAMP UP NEW FTR Q2' 2023 STORES SERVING Revenue for H1 2023 increased by 16.6% vs
Slide 20: Revenue by Subsidiaries
REVENUE BY SUBSIDIARIES Revenue by Subsidiaries – H1 2023 5% 33% 62% Bindawood Danube Future Retail for information Technology Company Revenue by Subsidiaries: • Among the subsidiaries Danube contributes to 62% of overall revenues followed by BinDawood contributing to 33% which is followed by the di
Slide 21: Transactions and Basket Size
TRANSACTIONS AND BASKET SIZE Basket Size in (SAR) Transactions in million 21.5% 49.2 106.8 -9.7% -7.5% 103.5 -8.9% 40.5 -6.1% 100.3 19.3% 96.4 97.4 28.4 94.3 23.8 92.8 24.1% 16.8% 91.4 13.9 14.6 11.2 12.5 FY'21 FY'22 Q1'22 Q1'23 Q2'22 Q2'23 H1'22 H1'23 FY'21 FY'22 Q1' 22Q1' 23 Q2' 22Q2' 23 H1'22 H1'
Slide 22: H1 2023 Trading Update
H1 2023 TRADING UPDATE Profitability (SARm) Gross Profit Margin & Gross Profit (SARm) Q1’22 Q2’22 Q3’22 Q4’22 Q1’Y23 Q2’23 32.6% 31.0% 26.0% 27.9% 30.2% 32.0% 1438.9 1437.1 868.7 761.8 383.7 416.6 378.1 452 32.8% 32.6% 32.8% 31.8% 29.3% 30.2% 30.2% 31.2% 29.3% 32.6% 30.2% 31.0% 32.0% 31.8% 31.1% FY'
Slide 23: H1 2023 Trading Update
H1 2023 TRADING UPDATE 15. 9% Profitability (SARm) Adjusted CFO/Adjusted EBITDA Net Income (SARm) FY’21 FY’22 H1’22 H2’22 Q1’23 Q2’23 H1’23 83% 123% 151% 82% 208% 88% 145% 240.6 698 593 124.7 118.0 400 90.7 354 65.8 12.1% 211 48.4 52.2 42.3 181 189 173 15.4% 14.8% 12.3% 14.8% 12.1%15% 12.1% 14.3% 5.
Slide 24: H1 2023 Trading Update
H1 2023 TRADING UPDATE Trade Working Capital (TWC)1 Key Cashflow and Balance Sheet Items (SARm) 437 438 479 392 238 462 268 370 441 485 Trade Working Capital 951 894 877 1027 911 Trade Working capital decreased by -31.6% at the end of H1 2023 versus FY 2022. Factors impacting TWC : -952 -785 -927 -1
Slide 25: Year Sales Trend
5 YEAR SALES TREND Pre-Pandemic Years Pantry buying Performance affected Post-Pandemic Years(Gradual Return of Normalcy) year due to Pandemic Resumption of full-scale Umrah and Hajj Season Limited footfall at stores coupled with absence of • Resumption of normal business operations in Haramain 5,156
Slide 26: 5 Year Assets & Liabilities Trend
5 YEAR ASSETS & LIABILITIES TREND Net Assets (SARm) Total Assets (SARm) 1,411 5,091 1,355 1,364 1,313 4,770 4,803 4,744 1,187 4,631 FY2019 FY2020 FY2021 FY2022 H1FY2023 FY2019 FY2020 FY2021 FY2022 H1FY2023 Total Liabilities (SARm) 3,663 32% 32.8% 32% From 2019 onwards, owing to implementation of IFR
Slide 27: Future Outlook & Growth Drivers
FUTURE OUTLOOK & GROWTH DRIVERS 27
Slide 28: Future Outlook & Growth Drivers
FUTURE OUTLOOK & GROWTH DRIVERS • Roll out 5-6 new stores across all the formats that the Company operates in. ORGANIC GROWTH • Strategic focus on major cities in Western and Central Regions that are witnessing high customer growth. OPEN HAJJ, REPEAT • Open Hajj in 2023 & KSA’s aspiration to boost t
Slide 29: Thank You
THANK YOU BinDawood Holding Headquarters, KSA Al-Madinah Al-Munawarah Rd, Al Naeem, Jeddah 21530 P.O. Box 51190 JEDDAH-21543 +966 12 605 3557 INVESTOR ENQUIRIES: Hassan Javaid, (Head of Investor Relations) hassan.javaid@danubeco.com 29
BinDawood Holding Company — H1 2023 Earnings Presentation on 6ix