Gulf International Services Qsc · QSE:GISS
Gulf International Services Qsc — Gulf International Services — Shareholder Meeting (March 2022)
18 slides from Gulf International Services Qsc's shareholder meeting presentation, Mar 13, 2022
Slide 1: Gulf International Services Annual General Assembly meeting
CLASSIFICATION: C0 - NON-CONFIDENTIAL Gulf International Services Annual General Assembly meeting 13 March 2022
Slide 2: Agenda of the Ordinary General Assembly meeting
CLASSIFICATION: C0 - NON-CONFIDENTIAL Agenda of the Ordinary General Assembly meeting 1. Listen to the Chairman's Message for the financial year ended 31 December 2021. 2. Listen and approve the Board of Directors' Report on GIS' operations and financial performance for the financial year ended 31 D
Slide 3: 1. Listen to the Chairman's Message
CLASSIFICATION: C0 - NON-CONFIDENTIAL 1. Listen to the Chairman's Message for the financial year ended 31 December 2021
Slide 4: 2. Listen and approve the Board of Directors' Report
CLASSIFICATION: C0 - NON-CONFIDENTIAL 2. Listen and approve the Board of Directors' Report on GIS' operations and financial performance for the financial year ended 31 December 2021, and the future plan of the Company
Slide 5: Group: Net Profits and Revenue
CLASSIFICATION: C0 - NON-CONFIDENTIAL Group: Net Profits and Revenue Revenue (QR million) Net profit (QR million) Revenue increased by 3% on last Profitability improved mainly due to the year. Revenue growth from overall growth in revenues, absence of insurance, aviation and drilling impairment prov
Slide 6: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Drilling Segment Revenue (QR million) • Revenue up by 10%, mainly due to deployment of two onshore rigs and better rig day-rates for the offshore fleet. Net Loss (QR million) • Decline in net losses was primarily linked to growth in revenue, lowered finance cost
Slide 7: Aviation Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Aviation Segment Revenue (QR million) • The increase was mainly attributed to higher flying hours, coupled with growth in revenue noted across all the operations. Net Profit (QR million) • Profitability improvement was mainly supported by overall growth in segme
Slide 8: Insurance Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Insurance Segment Revenue (QR million) • Growth in revenue was mainly due to higher premiums from general insurance segment, almost entirely offset by decline in premiums from the medical line of business. Net Profit (QR million) • Strong growth in net earnings
Slide 9: Catering Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Catering Segment Revenue (QR million) • Decline of 11% in segmental revenue, was mainly due to ongoing COVID-19 related restrictions resulted in lower number of meals being served across majority of catering locations, coupled with a loss of some contracts. Net
Slide 10: 3. Listen and approve the Auditors' Report
CLASSIFICATION: C0 - NON-CONFIDENTIAL 3. Listen and approve the Auditors' Report on GIS' consolidated financial statements for the financial year ended 31 December 2021
Slide 11: 4. Discuss and approve consolidated financial statements
CLASSIFICATION: C0 - NON-CONFIDENTIAL 4. Discuss and approve GIS' consolidated financial statements for the financial year ended 31 December 2021
Slide 12: 5. Present and approve 2021 Corporate Governance Report
CLASSIFICATION: C0 - NON-CONFIDENTIAL 5. Present and approve 2021 Corporate Governance Report
Slide 13: 6. Approve the Board's recommendation for no dividend payment
CLASSIFICATION: C0 - NON-CONFIDENTIAL 6. Approve the Board's recommendation for no dividend payment for the financial year ended 31 December 2021
Slide 14: 7. Absolve the Board of Directors from liability
CLASSIFICATION: C0 - NON-CONFIDENTIAL 7. Absolve the Board of Directors from liability for the financial year ended 31 December 2021
Slide 15: 8. Appoint the external auditor for 2022 and approve their fees
CLASSIFICATION: C0 - NON-CONFIDENTIAL 8. Appoint the external auditor for the financial year ending 31 December 2022 and approve their fees
Slide 16: Gulf International Services Extraordinary General Assembly meeting
CLASSIFICATION: C0 - NON-CONFIDENTIAL Gulf International Services Extraordinary General Assembly meeting 13 March 2022
Slide 17: Agenda of the Extraordinary General Assembly meeting
CLASSIFICATION: C0 - NON-CONFIDENTIAL Agenda of the Extraordinary General Assembly meeting 1. Approve the proposed amendments to the Company’s Articles of Association published on GIS’ website (www.gis.com.qa). These amendments were made to ensure compliance with some provisions of the Commercial Co
Slide 18: Thank you
CLASSIFICATION: C0 - NON-CONFIDENTIAL Thank you
Gulf International Services — Shareholder Meeting (March 2022) on 6ix