Asbisc Enterprises Plc · GPW:ASB

Asbisc Enterprises — Q2 2019 Earnings Presentation

27 slides from Asbisc Enterprises's earnings presentation, 2019

  1. Slide 1: New competencies combined with robust profitability – Q2 2019 Results

    New competencies combined with robust profitability Q2 2019 RESULTS

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation (the “Presentation”) was prepared by ASBISc Enterprises Plc (the “Company”) with a due care. Still, it may contain certain inconsistencies or omissions. The Presentation does not contain a complete or thorough financial analysis of the Company and does not present its st

  3. Slide 3: ASBIS Directors

    ASBIS DIRECTORS Name Position Responsibility Chairman, Siarhei Kostevitch Strategic plans and policies Chief Executive Officer Marios Christou Chief Financial Officer Finance and Control Risk Management, Chief Risk Officer and Investor Own brands, Constantinos Tziamalis Relations Management and Inve

  4. Slide 4: Local in 26 countries of EMEA

    Local in 26 countries of EMEA CEE FSU Poland Belarus Czech Republic Russia Slovakia Ukraine Hungary Kazakhstan Romania Azerbaijan since 2017 Bulgaria Georgia since 2018 Serbia Bosnia MIDDLE EAST Slovenia United Arab Emirates Croatia Cyprus AFRICA Morocco BALTIC Algeria Lithuania Tunis Latvija Egypt

  5. Slide 5: ASBIS Q2 2019

    ASBIS Q2 2019 1,478 in 26 21,000 371 m$ 190 5

  6. Slide 6: Vision: Mission represented by focus areas

    VISION: MISSION represented by focus areas: Be the leading Value - Develop and Market IT, IoT, AI solutions Add Distributor, OEM - Gain expertise in consultative business and Solutions Provider - Excel and leverage on Distribution of IT, IoT, AI across - Grow profitably Own Brands CEE, FSU, MEA - Ma

  7. Slide 7: ASBIS Business Contributors

    ASBIS BUSINESS CONTRIBUTORS Distribution Resellers OEM consumer IT, IoT, AI solutions R/E tail Sales projects Professional services commercial 7

  8. Slide 8: Towards new competencies

    TOWARDS NEW COMPETENCIES SOLID ACQUSITION DIVIDEND MONTHLY DATA 8

  9. Slide 9: The world's first intuitive Click&Touch

    THE WORLD’S FIRST INTUITIVE CLICK&TOUCH The merge SOLID of a keyboard and a touchpad ACQUSITION DIVIDEND MONTHLY DATA 9

  10. Slide 10: ASBIS own brands and partners

    ~~ ASBIS’ éz pereniO @atlantech MCANYON

  11. Slide 11: Financial Overview

    FINANCIAL OVERVIEW Q2 2019 and H1 2019 FINANCIAL RESULTS FY 2019 OUTLOOK BUY-BACK PROGRAM GUIDANCE DIVIDEND 11

  12. Slide 12: Key Q2 2019 Events

    KEY Q2 2019 EVENTS EXPECTED BUY BACK ACQUSITION MONTHLY DATA PROGRAM Solid revenue estimates Acqusition of for April – June 2019 in Resolution of the EGM on line with expectations and AVECTIS ALC - a leading the buy back program. guidance for 2019. systems integrator in the Belarusian market. A decr

  13. Slide 13: Q2 2019 Good Quarter

    Q2 2019 GOOD QUARTER  Decrease in revenues as a result of high base in Q2 2018. STRONG REVENUES GROSS PROFIT US$ 370.9 million DIVIDEND US$ 21.1 million MONTHLY DATA  The gross profit margin much improved from - 2 0 % Yo Y 3 % Yo Y 4.41% to 5.68% YoY and continued a positive trend.  SG&A costs sc

  14. Slide 14: Revenues on expectations in all regions

    REVENUES ON EXPECTATIONS IN ALL REGIONS  FSU region delivered REVENUES BY REGIONS (US$ m) above 50% of revenues in STRONG REVENUES 600 GROSS PROFIT Q2‘19. US$ 571.0 million DIVIDEND MONTHLY DATA 500 US$ 29.3 million 400  Russia still remained the no. 1 country while + 5 . 4 % Yo Y 300 200 + 11 % Y

  15. Slide 15: Broad product mix revenue

    BROAD PRODUCT MIX REVENUE REVENUES BY LINES (US$ m)  Decrease of smartphones REVENUES GROSS PROFIT business as a resultSTRONG of 600 market maturityMONTHLY and US$ 571.0 million 500 DIVIDEND US$ 29.3 million DATA 400 general slowdown in 300 demand. + 5 . 4 % Yo Y 200 + 11 % Yo Y  Strong market sha

  16. Slide 16: Robust Q2 2019 profitability

    ROBUST Q2 2019 PROFITABILITY  Strong numbers in top US$ m Q2‘19 Q2‘18 YoY and bottom lines. STRONG REVENUES Revenue GROSS 370.9 462.9PROFIT -20% GrossUS$ profit 571.0 million 21.1 DIVIDEND US$ 29.3 20.4 million 3% MONTHLY DATA  Gross profit margin Gross profit margin 5.68% 4.41% +1,27pp much impro

  17. Slide 17: Positive trend in gross profit margin continued

    POSITIVE TREND IN GROSS PROFIT MARGIN CONTINUED  Q2‘19 revenues reached REVENUES US$ 371 m, down 20% YoY. STRONG REVENUES GROSS PROFIT US$ 571.0 million 542 600 532 DIVIDEND US$ 571 29.3 million 80% MONTHLY DATA 503 463 60% 417  Q2’19 revenues were 400 373 371 40% down from a high Q2’18 + 5 . 4 %

  18. Slide 18: SG&A costs stay under close monitoring

    SG&A COSTS STAY UNDER CLOSE MONITORING  Selling expenses SG&A COSTS (US$ m) decreased in Q2 ‘19 by STRONG REVENUES GROSS PROFIT 20% YoY. DIVIDEND US$ 571.0 million US$ 29.3 million MONTHLY DATA 4.9 6.4 4.7 5.7 5.9 5.9 6.3  S&G expenses dropped in 4.4 Q2 ‘19 by 5% YoY. + 5 . 4 % Yo Y 3.9 11.7 11.1

  19. Slide 19: Robust H1 2019 profitability

    ROBUST H1 2019 PROFITABILITY  Strong numbers in top US$ m H1‘19 H1‘18 YoY and bottom lines. STRONG REVENUES Revenue GROSS 788.2 966.2PROFIT -18% GrossUS$ profit 571.0 million 42.2 DIVIDEND US$ 29.3 43.2 million -2% MONTHLY DATA  Gross profit margin Gross profit margin 5.35% 4.47% 0.9pp reached 5.3

  20. Slide 20: Indebtedness at safe level

    INDEBTEDNESS AT SAFE LEVEL  Strong increase in cash position US$ m H1’19 H1’18 YoY in seasonally NWC intensive STRONG REVENUES Short term borrowings (no factoring) GROSS81.3PROFIT 106.1 31% quarter. US$ 571.0 million DIVIDEND US$ 29.3 36.7 million -22% MONTHLY DATA Factoring creditors 28.8 Short te

  21. Slide 21: Cash engaged in working capital

    CASH ENGAGED IN WORKING CAPITAL  High NWC demanding quarter NET WORKING CAPITAL (US$ m) resulted in the need to involve STRONG REVENUES GROSS PROFIT more cash. NWC: DIVIDEND US$19% of sales 571.0 million NWC: US$ 17% million 29.3 of sales MONTHLY DATA 186  Capex comprises of outflows for 155 159 1

  22. Slide 22: Key drivers of 2019

    KEY DRIVERS OF 2019 SUSTAIN THE Following a year of high growth with APPLE the Group is looking to retain BUSINESS WITH APPLE STRONG REVENUES and suppliers. GROSS PROFIT its strong market position and strengthen its relationships with customers US$ 571.0 million DIVIDEND US$ 29.3 million MONTHLY DAT

  23. Slide 23: Buy back program

    BUY BACK PROGRAM ASSUMPTIONS STRONG GROSS PROFIT Max. amount of money Max. price MONTHLY DATA US$ 571.0 million DIVIDEND $ 300,000 PLN 3.0 + 5 . 4 % Yo Y + 11 % Yo Y NET INCOME Max. amount of shares Min. price 500,000 ASSUMPTIONS PLN 1.5 NET INCOME TIME FRAME: 12 months since adopted resolution, on

  24. Slide 24: 2019 Guidance

    2019 GUIDANCE REVENUE STRONG REVENUES Between US$ 1.7bnGROSS PROFIT and US$ 1.9bn US$ 571.0 million DIVIDEND US$ 29.3 million MONTHLY DATA + 11 % Yo Y NET INCOME Between US$ 8.5m and US$ 10m ASSUMPTIONS NET INCOME US$ 4.9 million • A stable situation in key FSU markets and in key FSU currencies (not

  25. Slide 25: Dividend hit a new record

    DIVIDEND HIT A NEW RECORD DIVIDEND (USD m) Our general dividend policy is to pay dividends at levels consistent with REVENUE STRONG GROSS the Company’s growth and development PROFIT plans, while maintaining a +68% reasonable level of US$ 571.0 million DIVIDEND US$liquidity. 29.3 million YoY MONTHLY

  26. Slide 26: Shareholder structure

    SHAREHOLDER STRUCTURE STRONG 36,83% REVENUES GROSS PROFIT US$ 571.0 million DIVIDEND US$of29.3 Number million shares % of share capital 63,14% MONTHLY DATA & votes & votes + 5 . 4 % Yo Y KS Holdings Ltd * + 11 % Yo Y 20,443,127 36.83% Treasury shares 16,389 0.03% 0,03% Free-float 35,040,484 63.14% K

  27. Slide 27: Contact details

    Tziamalis Constantinos phone: +357 25857188 email: costas@asbis.com Bartosz Basa phone: +48 691 910 760 email: b.basa@asbis.com HEADQUARTERS 43, Kolonakiou Street, Diamond Court, 4103 Ayios Athanasios Limassol – Cyprus, Phone: + 357 2 5857 101, www.asbis.com

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