Gulf International Services Qsc · QSE:GISS
Gulf International Services Qsc — Gulf International Services — Shareholder Meeting (March 2021)
18 slides from Gulf International Services Qsc's shareholder meeting presentation, Mar 10, 2021
Slide 1: Gulf International Services Annual General Assembly meeting
Gulf International Services Annual General Assembly meeting 10 March 2021
Slide 2: Agenda of the Ordinary General Assembly meeting
Agenda of the Ordinary General Assembly meeting 1. Listen to the Chairman's Message for the financial year ended 31 December 2020. 2. Listen and approve the Board of Directors' Report on GIS' operations and financial performance for the financial year ended 31 December 2020, and the future plan of t
Slide 3: 1. Listen to the Chairman's Message for the financial year ended 31 December 2020
1. Listen to the Chairman's Message for the financial year ended 31 December 2020
Slide 4: 2. Listen and approve the Board of Directors' Report
2. Listen and approve the Board of Directors' Report on GIS' operations and financial performance for the financial year ended 31 December 2020, and the future plan of the Company
Slide 5: Group: Net Profits and Revenue
Group: Net Profits and Revenue Revenue (QR million) Net profit (QR million) Revenue growth remained flat. Revenue Profitability declined significantly, mainly due improvement from the insurance and to booking of one-off, non-cash impairment aviation segments was entirely offset by losses in relation
Slide 6: Drilling Segment
Drilling Segment Revenue Revenue • 2020 revenue of QR 923 million, down by 21% on previous year, (QR million) mainly due to premature rig suspension within the on-shore fleet, amid COVID-19 pandemic. However, the suspension is only for a temporary period and these rigs are expected to commence opera
Slide 7: Aviation Segment
Aviation Segment Revenue Revenue (QR million) • 2020 revenue, up by 17% compared to 2019 as the revenue across all the aviation business units reported a positive variance. • Although, the overall flying hours were on the lower side compared to the last year, but the fixed charges remained unaffecte
Slide 8: Insurance Segment
Insurance Segment Revenue (QR million) Revenue • Revenue within the insurance segment for 2020, increased significantly by 18%, as compared to 2019, and reached QR 981 million. Segment revenue grew strongly on the back of successful renewal of policies, along with improved pricing terms on all major
Slide 9: Catering Segment
Catering Segment Revenue (QR million) Revenue • Decline in revenue was mainly driven by lowered revenues within the catering sub-segment, mainly impacted by the COVID-19 restrictions imposed, which led to lower number of meals being served across majority of the catering locations. The decline in re
Slide 10: 3. Listen and approve the Auditors' Report
3. Listen and approve the Auditors' Report on GIS' consolidated financial statements for the financial year ended 31 December 2020
Slide 11: 4. Discuss and approve GIS' consolidated financial statements 2020
4. Discuss and approve GIS' consolidated financial statements for the financial year ended 31 December 2020
Slide 12: 5. Present and approve 2020 Corporate Governance Report
5. Present and approve 2020 Corporate Governance Report
Slide 13: 6. Approve the Board's recommendation for no dividend payment 2020
6. Approve the Board's recommendation for no dividend payment for the financial year ended 31 December 2020
Slide 14: 7. Absolve the Board of Directors from liability 2020
7. Absolve the Board of Directors from liability for the financial year ended 31 December 2020
Slide 15: 8. Appoint the external auditor for the financial year ending 31 December 2021
8. Appoint the external auditor for the financial year ending 31 December 2021 and approve their fees
Slide 16: 9. Board of Directors election for the term of office (2021-2024)
9. Board of Directors election for the term of office (2021-2024)
Slide 17: Gulf International Services (GIS) Board Elections (2021-2024)
Gulf International Services (GIS) Board Elections (2021-2024) GIS opened the nomination period for membership of its Board of Directors for shareholders (individuals and companies) for (4) seats for a term of (3) years (2021-2024), the below shareholders have applied for the membership of the Compan
Slide 18: Thank you
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Gulf International Services — Shareholder Meeting (March 2021) on 6ix