Agility Public Warehousing Co. K.S.C. · KSE:MKHZN
Agility Public Warehousing Co. K.S.C — Agility Public Warehousing Company K.S.C.P. — FY2023 Earnings Presentation
21 slides from Agility Public Warehousing Co. K.S.C's earnings presentation, April 2024
Slide 1: Agility Earnings Call Presentation Full Year 2023
Agility Earnings Call Presentation Full Year 2023 April 2024
Slide 2: Forward-Looking Statements Disclaimer
Forward-Looking Statements Disclaimer This presentation is strictly confidential and is being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose. This presentation has been prep
Slide 3: Agenda
Agenda 1 FY 2023 Business Update 2 Group Financial Performance 3 Dividends 4 Q&A 3
Slide 4: Agility Shareholders' value has increased 20X since 1997 with an IRR of 17%
Agility Shareholders’ value has increased 20X Since 1997 with an IRR of 17% 2021-2023 2011-2020 Repositioning for Future growth Resilient portfolio and value 2003-2010 creation across diversified lines of business Fueling growth through Growing into a regional and Optimize portfolio of business by a
Slide 5: Agility EBITDA Evolution since privatization (KD Mln)
Agility EBITDA Evolution since privatization (KD Mln) +184 +338 (+2,119%) (+3,891%) 347 193 257 180 162 109 90 EBITDA 9 1997 2019 2020 2021 2022 2023 Period of major transformation: Year on year this period was marked with volatility from the global Growing from a local player to an Globall pandemic
Slide 6: Major Events - 2023
Major Event - 2023 Focused on value investing for the long-term and executing on our growth strategy despite the challenges Key Events Major News: • Agility continues to face some uncertainty related to some of the land contracts leased from the Public • Agility has signed 2 multi-year funded equity
Slide 7: Group Financial Performance
Group Financial Performance Financial Highlights Q4 and FY 2023 7
Slide 8: Agility Income Statement – Q4 2023 (KD Mln)
Agility Income Statement – Q4 2023 (KD Mln) Agility continues to deliver good results across its business group Revenue Net Revenue +2.2% +15.7% 336.5 343.9 218.3 188.6 Q4 2022 Q4 2023 Q4 2022 Q4 2023 EBITDA Net Profit +21.6% -2.3% 77.5 26.6 26.0 63.8 Q4 2022 Q4 2023 Q4 2022 Q4 2023 8
Slide 9: Agility Income Statement – FY 2023 (KD Mln)
Agility Income Statement – FY 2023 (KD Mln) Agility continues to deliver good results across its businesses Revenue Net Revenue +56.7% +72.8% 1,353.0 818.0 863.4 473.3 FY 2022 FY 2023 FY 2022 FY 2023 EBITDA Net Profit +42.4% +22.8% 257.2 83.6 68.0 180.5 FY 2022 FY 2023 FY 2022 FY 2023 9
Slide 10: Agility Reported Income Statement – FY 2023
Agility Reported Income Statement – FY 2023 EBITDA reflects mostly the controlled businesses segment financial performance. The investments segment is mainly accounted for as per IFRS9 Controlled Investments Consolidated KD Mln FY 2023 FY 2022 Variance FY 2023 FY 2022 Variance FY 2023 FY 2022 Varian
Slide 11: Balance Sheet (KD Mln)
Balance Sheet (KD Mln) Strong Asset and Equity base to support our future growth plan Balance sheet FY 2023 FY 2022 Variance % Assets Assets Equity&Liabilities Current Assets Current Liabilities Current assets 614.4 508.3 106.1 20.9% 16.4% 17.0% Non-Current assets 3,131.1 2,840.6 290.5 10.2% Investm
Slide 12: Debt Profile (KD Mln)
Debt Profile (KD Mln) Refinanced our credit facilities with cheaper interest facilities Corporate Gross Debt Profile Group Net Debt Bridge (75% of Group Debt) +87 888 28 Currency 802 11% 87% 2% 840 160 Non-Controlled USD EURO KD 221 17 Maturity 102 38% 51% 11% 840 2022 OCF Capex + Dividends Interest
Slide 13: Cash Flow Statement (KD Mln)
Cash Flow Statement (KD Mln) Agility has a healthy cash flow generation and will continue to reinvest in its businesses Cash Flow Statement FY 2023 FY 2022 Variance % Capex and Investment Cash from Operating activities before 240.8 166.2 74.6 44.9% changes in working capital Changes in working capit
Slide 14: Agility's Operating entities delivering healthy growth in 2023
Agility’s Operating entities delivering healthy growth In 2023 Aviation Services Fuel Logistics Other Controlled Businesses +126.5% +135.5% +33.3% +26.2% +10.6% -1% revenue growth Vs last year EBITDA growth Vs Q last year revenue growth Vs last year EBITDA growth Vs last year revenue growth Vs last
Slide 15: The Dividends FY 2023
The Dividends FY 2023 15
Slide 16: Agility's Board has approved and recommended 2 different dividends distribution for 2023
Agility’s Board has approved and recommended 2 different dividends distribution for 2023 Interim Dividend FY Dividends Distribution Distribution An interim cash dividend A cash dividend distribution of KD distribution of KD 25.5 million, 25.5 million, equivalent to 10 fils equivalent to 10 fils per
Slide 17: The In-kind Dividends Distribution
The In-kind Dividends Distribution 17
Slide 18: Agility is distributing in-kind dividends in the form of 49% of Agility Global PLC
Agility is distributing in-kind dividends to shareholders in the form of 49% of the issued share capital of Agility Global PLC In-kind Dividend What is Value of the Distribution Agility Global PLC? Distribution Shareholders will own shares in An owner and active shareholder Distribution estimated at
Slide 19: Timeline: ADX listing expected by May 2nd, 2024
Timeline: ADX listing expected by May 2nd, 2024 19
Slide 20: Key dates for the transaction
Key dates for the 27 Shareholders are requested to check the shareholders communication transaction available on our website to obtain Mar 2024 their NIN and ADX trading account number. We are facilitating this service with Markaz, via an online Board Approval platform: www.onboarding-gcc.com Record
Slide 21: Q&A Session
Q&A Session 21
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