Rak Ceramics Pjsc · ADX:RAKCEC
Rak Ceramics Pjsc — Shareholder Meeting (March 2025)
7 slides from Rak Ceramics Pjsc's shareholder meeting presentation, March 2025
Slide 1: Annual General Meeting Presentation 2024
ANNUAL GENERAL MEETING 2024 Annual General Meeting Presentation 2024 March 2025 RAK Ceramics PJSC © 2024 All rights reserved
Slide 2: Global Business Presence-2024
ANNUAL GENERAL MEETING 2024 Global Business Presence-2024 Where we sell What we sell (Revenue Mix) Europe Rest of World 22% 8% Middle East 6% Tiles Sanitaryware 57% 15% KSA BANGLADESH 7% Tableware Faucets Others 9% India 12% 11% 14% 3% UAE 36% 24 118MN 5MN 36MN 2.6MN Capacity Manufacturing Units Squ
Slide 3: FY 2024 Business Performance Highlight
ANNUAL GENERAL MEETING 2024 FY 2024 Business Performance Highlight Segment Highlights Market & Business Highlights –Tiles & Sanitaryware Tiles revenue declined by 6.4% YoY to AED 1,860 million, UAE: Achieved 7.1% YoY revenue growth driven by the booming real estate mainly due to decline in most
Slide 4: FY 2024 Key financial highlights
ANNUAL GENERAL MEETING 2024 FY 2024 Key financial highlights REVENUE (AEDM) GROSS PROFIT MARGIN (%) NET PROFIT AFTER MINORITY (AEDM) +143bps -6.5% -24.0% 3,457.8 3,232.0 37.9% 39.3% 290.9 221.1 2023 2024 2023 2024 2023 2024 PROFITABILITY (AEDM) EBITDA (AEDM) & MARGIN (%) NET DEBT (AEDM) & NET DEBT T
Slide 5: Revenue Highlights 2024
ANNUAL GENERAL MEETING 2024 Revenue Highlights 2024 Yearly Comparison 2023 2024 Amount Amount Growth United Arab Emirates 786.7 842.5 7.1% Kingdom of Saudi Arabia 350.3 282.0 -19.5% Middle East (Ex. UAE & KSA) 153.6 120.9 -21.3% India 362.0 364.7 0.8% +150 Europe 384.2 340.9 -11.3% Bangladesh 264.4
Slide 6: Profitability Bridge
ANNUAL GENERAL MEETING 2024 Profitability Bridge FY 2023 vs FY 2024 Profit Bridge (AEDM) -19.9% 49.5 7.6 1.9 (88.6) (4.7) 345.5 (34.4) (0.2) 276.6 (33.9) (8.7) 234.1 Profit before tax Lower Gross Higher Gross Lower variable Lower SG&A - Higher Finance Lower Other Others Profit before UAE Corporate R
Slide 7: Balance Sheet Highlights
ANNUAL GENERAL MEETING 2024 Balance Sheet Highlights WORKING CAPITAL CYCLE (DAYS) CAPEX (AEDM) 172 181 42 46 Other receivables Inventories 221 252 Trade receivables 273.4 90 87 Trade Payables Other payables 183.3 -59 -67 -122 -137 2023 2024 2023 2024 Cash RETURN ON EQUITY (%) ~ AED 2.57 Bn HISTORICA