Depa Plc · NASDAQDUBAI:DEPA
Depa — H1 2021 Earnings Presentation
11 slides from Depa's earnings presentation, Aug 26, 2021
Slide 1: Depa PLC H1 2021 Financial Results
d e p a . c o m Depa PLC H1 2021 Financial Results 26 August 2021 Depa PLC | Financial Results | H1 2021 Global Interior Solutions
Slide 2: Summary income statement
Summary income statement AED mn H1 2021 H1 2020 Change % • Revenue decrease year on Revenue 394.9 526.6 (131.7) (25.0%) year mainly due to reduced Expenses (445.5) (552.5) 107.0 (19.4%) revenue generated by Depa Interiors Group and a Net provision for doubtful debts and due from slowdown in DSG 26.5
Slide 3: Summary balance sheet
Summary balance sheet AED mn H1 2021 FY 2020 Change Cash and bank balances 180.4 137.4 43.0 • Cash balance of AED 180.4mn Trade and other receivables 359.8 256.9 102.9 • Assets and liabilities relating to Assets classified as held for sale 6.7 379.3 (372.6) Vedder and DSG’s China Due from constuctio
Slide 4: Summary cash flow
Summary cash flow AED mn H1 2021 H1 2020 Change Operating activities (33.5) (11.7) (21.8) • Net cash inflows from Working capital changes 63.2 16.2 47.0 operating activities AED Other movements (14.5) (13.3) (1.2) 15.2mn (H1 2020 net Net cash flows from/(used in) operating activities 15.2 (8.8) 24.0
Slide 5: Vedder
Vedder Based in Germany, Vedder is the world’s leading provider of fit-out solutions for the global superyacht, private jet and residence markets Financial highlights Revenue • Revenue: AED 203.2mn, up 20% year on year • EBIT: AED 12.5mn Operational highlights • Achieved significant progress on ongo
Slide 6: Depa Interiors
Depa Interiors The Middle East’s leading provider of interior solutions for the hospitality, residential, commercial, transport and civil infrastructure markets Financial highlights Revenue • Revenue: AED 132.0mn • EBIT: AED 12.9mn • H1 2021 EBIT positively impacted by the collection of a legacy rec
Slide 7: Deco Group
Deco Group The Middle East’s leading provider of interior solutions for the luxury retail market, premium marble supply and installation, and high-quality furniture and joinery works Financial highlights Revenue • Revenue: AED 56.0mn • EBIT: AED 1.8mn Operational highlights • Strong relationships wi
Slide 8: DSG
DSG Based out of Singapore, one of Asia’s leading premium fit-out providers and joinery specialists Financial highlights Revenue • Revenue: AED 3.7mn • EBIT: AED (45.2mn) • H1 2021 revenue down on H1 2020 due to the slowdown in operations as a result of the ongoing restructuring process Operational
Slide 9: Backlog
Backlog 2,000 2,000 1,674 1,555 57 1,508 69 250 89 Deco Group 1,500 1,271 AED mn 227 186 90 1,062 628 151 84 DSG 1,000 1,000 481 54 690 388 370 Depa Interiors 500 738 752 642 Vedder 569 554 0 0 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 By project type By geography 4 60 53
Slide 10: Outlook
Outlook The Group-wide outlook for the remainder of 2021 is mixed but challenging overall. Whilst Depa’s European business continues to perform strongly despite the uncertainty of covid-19, the Middle East based business units have been adversely affected in terms of delayed project awards and the o
Slide 11: Cautionary statement
Cautionary statement This document may contain certain 'forward looking statements' with respect to Depa's financial condition, results of operations and business, and certain of Depa's plans and objectives with respect to these items. By their very nature, forward looking statements are inherently