Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — Q1 2020 Earnings Presentation
25 slides from Quest Holdings Sa's earnings presentation, Jun 9, 2020
Slide 1: Corporate IR Presentation
Corporate IR Presentation Based on 3M 2020 Financial Results
Slide 2: 01. 3M 2020 Results
01. 3M 2020 Results Overview Financial Performance Highlights / Outlook 2
Slide 3: Quest Group at a Glance (3M 2020)
Quest Group at a Glance (3M 2020) €147m €148m Active in : Revenues Total Equity Revenues ▪ ICT Products* € 81m ▪ IT Services € 30m >39years Diversified ▪ Courier/Post € 27m successful track record Business operations applying ▪ Electronic Payments € 8m (est. in 1981) active management principles ▪ R
Slide 4: P&L (3M 2020)
P&L (3M 2020) Amounts in ,000 € 3M 2020 YoY % 3M 2019 Sales 147.748 18,2% 124.996 Explanations/Clarifications: EBITDA 12.559 6,0% 11.845 % sales 8,5% 9,5% ▪ Sales growth was mainly driven by the IT& Energy EBIT 8.137 7,1% 7.596 sectors. % sales 5,5% 6,1% ▪ 3M2020 EAT are marginally decreased YoY, be
Slide 5: P&L (3M 2020) EBITDA, Sales, EBT
P&L (3M 2020) Amounts in ,000 € EBITDA 9,5% 14.000 8,5% 10,0% 9,2% 12.000 7,3% 12.559 8,0% 10.000 6,2% 11.845 2020 VS 2016 10.691 6,0% 8.000 6.000 +133% 7.027 4,0% 4years CAGR 160.000 SALES 4.000 5.389 140.000 2.000 2,0% +23,6% 147.748 2020 VS 2016 120.000 - 0,0% 124.996 115.862 2016 2017 2018 2019
Slide 6: Balance sheet (3M 2020)
Balance sheet (3M 2020) Amounts in ,000 € Group Balance Sheet 3M 2020 12M 2019 Tangible & intangible assets 89.885 89.493 Right-of-use assets 25.216 26.033 Goodwill 31.997 31.398 Other 24.183 22.449 Non-current assets 171.281 169.373 Inventories 31.499 31.495 €443m €147m Trade & other receivables 15
Slide 7: Cash Flow (3M 2020)
Cash Flow (3M 2020) Amounts in ,000 € Group Cash Flow 3M 2020 3M 2019 EBT 6.755 6.579 Depreciation/Amortization 4.425 4.250 Interests Expense / (income) 1.519 1.138 WoC (Change in Inventories, Receivables, Payables) (25.231) (27.560) Tax paid (61) (527) Other operating activities (2.018) (1.111) Cas
Slide 8: 3M 2020 Highlights / Group Outlook
3M 2020 Highlights / Group Outlook 3M 2020 Highlights ▪ Double Digit Growth in all Sales (+18,2%) ▪ Organic profitability significantly improved EAT +41% (excluding €1,4m 3M2019 one off provision reversal) ▪ Revenues growth mainly fueled by strong IT products , IT services & Energy Sectors Growth ▪
Slide 9: 02. Appendix
02. Appendix Business Segments Analysis Other Corporate info Outlook – Strategy 2021 9
Slide 10: IT Products (Wholesale/ Retail)
IT Products (Wholesale/ Retail) Info/Overview 3M Financial Results ▪ Largest distributor of H/W and S/W products in Greece Amount in ,000€ 3M 2020 YoY % 3M 2019 ▪ €337m revenue in 2019 Sales 80.979 24% 65.424 ▪ 40%+ of ICT distribution Market in Greece EBITDA 2.548 -18% 3.115 ▪ Certified Greek partn
Slide 11: IT Services
IT Services Info/Overview 3M Financial Results ▪ Leading IT integrator in domestic market ~ 20% Market Share Amount in ,000€ 3M 2020 YoY % 3M 2019 ▪ €115m revenue in 2019 Sales 29.925 20% 24.966 EBITDA 1.286 8% 1.192 ▪ 30+ countries of operations % sales 4,3% 4,8% ▪ ~40% International revenues EBT 8
Slide 12: Courier & Postal
Courier & Postal Info/Overview 3M Financial Results ▪ Largest Local Courier Operator in SE Europe (~ 24% Μ. Share) Amount in ,000€ 3M 2020 YoY % 3M 2019 ▪ €109m revenue in 2019 Sales 26.650 10% 24.296 ▪ Leading Alternative Postal Operator in Greece (~7% Μ. Share) EBITDA 3.836 15% 3.349 ▪ 50+m shipme
Slide 13: Electronic Payments
Electronic Payments Info/Overview 3M Financial Results ▪ Leading POS network operator in Greece Amount in ,000€ 3M 2020 YoY % 3M 2019 ▪ €33m revenue in 2019 Sales 8.145 -13% 9.407 ▪ ~230K installed POS in merchants EBITDA 3.160 -11% 3.546 ▪ ~40% Μarket Share in POS % sales 38,8% 37,7% ▪ >400m transa
Slide 14: Renewable Energy & Other
Renewable Energy & Other Info/Overview 3M Financial Results ▪ €6,6m revenue in 2019 Amount in ,000€ 3M 2020 YoY % 3M 2019 ▪ Quest Energy(QE): Owns & operates 15 photovoltaic Sales 2.049 127% 901 parks of 26,2MW power (at 31/12/19) EBITDA 1.727 168% 644 ▪ Quest Holdings(QH): Parent Company, operates
Slide 15: Segment Contribution in Sales & Ebitda (3M 2020)
Segment Contribution in Sales & Ebitda (3M 2020) Amounts in ,000 € IT Products Courier & Electronic (Wholesale/ Retail) IT Services Payments Energy & Other Total Group Postal 80.979 29.925 26.650 8.145 2.049 20% 18% 6% 0,1% Sales 55% 147.748 2.548 1.286 3.836 3.160 1.727 10% 31% 14% 20% 25% 12.559 E
Slide 16: Segment Analysis 3M 2020
Segment Analysis 3M 2020 Amounts in ,000 € Electronic 3M 2020 (€ x 1.000) IT Products ΙΤ Services Courier & Postal Renewable Energy Unallocated Total Payments Total gross segment sales 90.939 30.415 27.019 8.177 1.978 149 158.677 Inter-segment sales (9.960) (490) (369) (32) (78) (1) (10.929) Net sal
Slide 17: Quest Group at a Glance (12M 2019)
Quest Group at a Glance (12M 2019) €143m €600m Active in : Revenues Total Equity Revenues ▪ ICT Products* € 337m ▪ IT Services € 115m >38 years Diversified ▪ Courier/Post € 109m successful track record Business operations applying ▪ Electronic Payments € 33m (est. in 1981) active management principl
Slide 18: Segment Analysis 12M 2019
Segment Analysis 12M 2020 Amounts in ,000 € Electronic 12M 2019 (€ x 1.000) IT Products ΙΤ Services Courier & Postal Renewable Energy Unallocated Total Payments Total gross segment sales 379.439 116.235 110.305 33.104 6.758 76 645.917 Inter-segment sales (42.150) (1.556) (1.571) (121) (182) (18) (45
Slide 19: Current Activities / Main Growth Focus Areas
Current Activities Main Growth Focus Areas 01 06 Distribution 04 Mobility & IoT Infrastructure Channel 01 Electronic Payments Mobility & IoT 05 Focus 05 02 E-Commerce Infrastructure Areas 02 Electronic Payments E-Commerce 04 Int. Markets 03 06 03 International Inorganic Markets Investments in RE & N
Slide 20: Quest's 2021 Strategy - On good track
Quest’s 2021 Strategy - Οn good track Strategic Orientation Strategic Targets Focus on Growing Areas and 01 Growth Improve Profitability Reach ~€600m Digital Economy Investments Revenues Mobility & IoT 2018-2021 (+50% vs 2016) E-Commerce ~€80m Improve ROE* to ~20% 02 Organizational Invest in Areas w
Slide 21: CSR & Sustainability
CSR & Sustainability ▪ CSR and Sustainable Development is a strategic focus for Quest Group Strategic CSR Focus ▪ The Group endorses the 10 Principles of the UN ▪ Market: Responsible and Ethical Entrepreneurship, Regulatory Global Compact, the 17 UN Sustainable Compliance, Continuous Growth, Expansi
Slide 22: Corporate Governance
Corporate Governance ▪ The management and operation of the Quest Group is Goals based on a modern, dynamic and flexible Corporate By applying the core principles of Corporate Governance, the Governance model. company has set the following goals: ▪ Group Corporate Governance: ✓ Is in line with Greek
Slide 23: Shareholders Structure/Share History
Shareholders Structure/Share History Free Float 24,73% Total Capital Return to the Theodoros Fessas Shareholders (2009-2019) Eftychia 50,02% Koutsoureli € 75m** 25,25% 1.000 12 900 10 Quest share value (€) 800 700 € 279m * 8 General Index 600 500 6 Capitalization 400 300 4 200 2 100 0 0 2015 2016 20
Slide 24: 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 25: Thank you
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