Sal Saudi Logistics Services Company · TADAWUL:4263
Sal Saudi Logistics Services — H1 2024 Earnings Presentation
15 slides from Sal Saudi Logistics Services's earnings presentation, 2024
Slide 1: SAL Earnings Call First Half 2024
SAL Earnings Call First Half 2024
Slide 2: Disclaimer
Certain information contained in this document consists of forward-looking statements reflecting the current view of the Company with respect to future events. They are subject to certain risks, uncertainties and based on certain assumptions. Many factors could make the expected results, performance
Slide 3: Today's Agenda
TODAY'S AGENDA 2) Business Overview Section 1 wl Financial Overview Section 2 @) Closing Remarks and Q&A sal.sa
Slide 4: Faisal AlBedah and Haydar Ucar
Faisal AlBedah Haydar Ucar ▪ CEO & Managing Director since February 2022 ▪ CFO at SAL since May 2024 ▪ Former Secretary General of the Saudi Export Development Authority and the ▪ Previously served as CFO inDSV Turkey and head of corporate accounting at DSV head Logistics Committee from 2022-2021 of
Slide 5: Section 1: Business Overview
Section1 Business Overview
Slide 6: SAL: A leading cargo handling player with a global logistics solutions network
SAL: A leading cargo handling player with a global logistics solutions network Key performance metrics 2024 Presence at KSA airports Global Logistics solutions presence Q2 H1 Major airports Other airports 2023: SAR 339m 2023: SAR 679m MEDINA DAMMAM RIYADH JEDDAH 2023: 48% 2023: 47% 18 +169k sqm 200+
Slide 7: Fulfilment adding value to Customer in a "One Stop – shop" concept
Fulfilment adding value to Customer in a “One Stop – shop” concept Core Storage Activities Value Added Services (VAS) First Mile & Last Mile Distribution ▪ Ambient Storage ▪ Frozen Storage ▪ Packaging, Labelling Order ▪ Customs Clearance ▪ First Mile and Last Mile ▪ Delivery ▪ Chilled Storage ▪ Cons
Slide 8: Offering Full Scope of Services to Customers
Offering Full Scope of Services to Customers. Live and Operational Since June 2024. FULFILLMENT CENTERS DMM PORT FC 11.000 SQM AMBIENT STORAGE OPERATIONAL JED PORT FC 62.000 SQM MULTI-TYPE STORAGE Q2 2025 BUILD-TO-SUIT WAREHOUSE FIRST/LAST SOLUTIONS MANAGEMENT MILE DELIVERY RUH FC FULFILLMENT WAREHO
Slide 9: Section 2: Financial Overview
SY ALE Section2 Financial Overview
Slide 10: Financial Snapshot of SAL – Statement of Comprehensive Income
Management Commentary Financial Snapshot of SAL – Statement of Comprehensive Income (SAR ‘000) H1 2024 H1 2023 Variance Revenue 858,010 679,327 26% • Strong H1 sales performance with very EBITDA 454,295 319,048 42% good EBIT throughput – mainly driven by Operating Profit (EBIT) 395,388 251,706 57% i
Slide 11: Cargo Handling Division – The Legacy Business
Cargo Handling Division – The Legacy Business Management Commentary (SAR ‘000) Q2 2024 Q2 2023 Growth H1 2024 H1 2023 Growth Revenue 333,666 301,221 11% 699,481 595,325 18% • Sales grew by 18% in H1 providing an EBIT increase of 50%. Operating Profit (EBIT) 156,860 129,538 21% 372,927 248,504 50% •
Slide 12: Logistics Division – The Evolving Business
Logistics Division – The Evolving Business Management Commentary (SAR ‘000) Q2 2024 Q2 2023 Growth H1 2024 H1 2023 Growth Revenue 71,520 38,134 88% 158,231 84,002 88% • Business line continues to grow and improves margins and profitability each Operating Profit (EBIT) 14,896 (2,066) 821% 29,350 3,20
Slide 13: Financial Snapshot of SAL – Free Cash Flow
Management Commentary Financial Snapshot of SAL – Free Cash Flow (SAR ‘000) H1 2024 H1 2023 Variance Profit before Zakat 384,733 232,917 65% Free Cash Flow Highlights Adjustments for non-cash items 68,040 102,416 -34% • Positive cash from operating activity with Changes in: short term strain on work
Slide 14: Financial Snapshot of SAL – Balance Sheet
Management Commentary Financial Snapshot of SAL – Balance Sheet (SAR ‘000) H1 2024 YE 2023 Variance Non-Current Assets 1,249,434 1,621,149 -23% Balance Sheet Highlights Current Assets 1,847,551 1,663,824 11% • Decrease in assets mainly pertains to Right of Use Asset reduction due to reduced Total As
Slide 15: Closing remarks and Q&A
Closing remarks and Q&A Faisal AlBedah, CEO&MD
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