Rak Ceramics Pjsc · ADX:RAKCEC
Rak Ceramics Pjsc — H1 2025 Earnings Presentation
26 slides from Rak Ceramics Pjsc's earnings presentation, August 2025
Slide 1: Earnings Presentation – Q2 & H1 2025 Results
EARNINGS PRESENTATION – Q2 & H1 2025 RESULTS AUGUST 2025
Slide 2: Agenda
Agenda 01 | Executive Summary 02 | Business Highlights 03 | Q2/H1 2025 Financial Results Update 04 | Trading Update 05 | Closing Remarks 06 | Appendix
Slide 3: Speakers
EARNINGS PRESENTATION Q2/H1 2025 Speakers Abdallah Massaad is Group CEO of RAK Pramod Kumar Chand is Group CFO of Ceramics and has more than 26 years RAK Ceramics. Mr. Chand has wide experience in ceramics manufacturing, experience in dealing with corporate sales management, product marketing financ
Slide 4: Disclaimer
EARNINGS PRESENTATION Q2/H1 2025 Disclaimer This information contained in the enclosed presentation summarizes preliminary assessed. No assurance can be given that future events will occur or that the and introductory information on RAK Ceramics PJSC (the Company). This company’s assumptions are cor
Slide 5: Business Highlights
Business Highlights Speaker: Abdallah Massaad Group CEO
Slide 6: Global Business Presence
EARNINGS PRESENTATION Q2/H1 2025 Global Business Presence Where we sell What we sell (Revenue Mix) Europe Rest of World 23% 8% Middle East Tiles Sanitaryware 6% 58% 14% KSA BANGLADESH Tableware Faucets Others 8% 6% India 11% 11% 14% 3% UAE 38% Capacity 118MN 5MN 36MN 2.6MN Square metres of tiles Pie
Slide 7: Q2 2025 Business Performance Highlight
EARNINGS PRESENTATION Q2/H1 2025 Q2 2025 Business Performance Highlight Segment Highlights Tiles & Sanitaryware Market Highlights UAE: Registered a strong 25.2% YoY revenue growth, supported by Tiles revenue recorded growth in both volumes (+8.0%) and value sustained momentum in the real estate
Slide 8: Key Challenges – Q2 2025
EARNINGS PRESENTATION Q2/H1 2025 Key Challenges – Q2 2025 Core Markets Key Challenges Our Actions • In order to compete with Indian & Chinese entry level tiles, we Import of cheaper products has increased on account of free UAE trade agreements signed between UAE and other countries are utilising a
Slide 9: Key Strategic Updates -2025
EARNINGS PRESENTATION Q2/H1 2025 Key Strategic Updates -2025 • Our Tiles Division is undergoing an upgrade with cutting- • We are enhancing our retail presence and edge technology to manufacture differentiated, large-format elevating the in-store experience to better engage UAE tiles catering to hig
Slide 10: Q2 & H1 2025 Financial Performance Update
Q2 & H1 2025 Financial Performance Update Speaker: PK Chand Group CFO
Slide 11: Financial Snapshot – Q2 2025
EARNINGS PRESENTATION Q2/H1 2025 Financial Snapshot – Q2 2025 PROFIT BEFORE TAX NET PROFIT AFTER TAX REVENUE GROSS MARGIN AED 826.8M 40.6% AED 86.7M AED 66.4M 6.4% YoY 110 bps YoY 45.0% YoY 30.1% YoY* * UAE Corporate tax impact 17.2m vs 6.5m in last year NET PROFIT After Minority EBITDA NET DEBT Net
Slide 12: Financial Snapshot – H1 2025
EARNINGS PRESENTATION Q2/H1 2025 Financial Snapshot – H1 2025 PROFIT BEFORE TAX NET PROFIT AFTER TAX REVENUE GROSS MARGIN AED 1.60BN 40.2% AED 151.2M AED 115.2M 2.9% YoY 70 bps YoY 13.1% YoY 1.2% YoY* 3.3% YoY on * UAE Corporate tax impact 30.4m vs Exchange rate of LY 15.1m in last year NET PROFIT A
Slide 13: Revenue Highlights – Q2 2025
EARNINGS PRESENTATION Q2/H1 2025 Revenue Highlights – Q2 2025 MANAGEMENT COMMENTS TOTAL REVENUE (AED MN) • Q2 2025 revenue is at AED 826.8m, higher Quarterly Comparison Yearly Comparison by 6.4% year-on year. Q2 24 Q1 25 Q2 25 H1 2024 H1 2025 QoQ • Tiles revenue grew by 10.2% at AED 474.3 Amount Amo
Slide 14: Gross Profit Margin
EARNINGS PRESENTATION Q2/H1 2025 Gross Profit Margin MANAGEMENT COMMENTS Total Gross Margin (%) Tiles Gross Margin (%) • Q2 2025 Gross profit margin increased by 110bps year-on-year to 40.6% and 70bps year-on-year in H1 2025 at 40.2%. • Tiles margin in Q2 2025 increased by 39.6% 39.7% 40.6% 39.4% 40
Slide 15: Profitability Bridge
EARNINGS PRESENTATION Q2/H1 2025 Profitability Bridge Q2 2025 vs Q2 2024 Profit Bridge (AEDM) 45.0% 8.4 3.4 9.4 20.2 3.9 (6.9) (11.5) (17.2) 86.7 (3.1) 66.4 59.8 Profit before Higher Gross Higher GP Higher variable Higher SG&A - Lower Finance Higher Other Others Profit before UAE Corporate Rest of w
Slide 16: Balance Sheet Highlights
EARNINGS PRESENTATION Q2/H1 2025 Balance Sheet Highlights WORKING CAPITAL (DAYS) MANAGEMENT COMMENTS WORKING CAPITAL CYCLE (DAYS) • Overall working capital increased by AED Trade receivables Other receivables Other payables Inventories Trade Payables 34m at AED 1.47 billion in Q2 2025 1,554 1,537 1,
Slide 17: Share Price Update
EARNINGS PRESENTATION Q2/H1 2025 Share Price Update Speaker: PK Chand Group CFO RAK Ceramics PJSC © 2025 All rights reserved 17
Slide 18: Dividend Update
Dividend Update EARNINGS PRESENTATION Q2/H1 2025 Management comments 30.0% In-line with its dividend policy commitment, the Board proposed to distribute interim cash dividend of 10 fils per share for first half of 2025 (AED 25.0% 99.4million). For 2025-2027, the following Dividend policy was approve
Slide 19: RAK Ceramics Share Price Movement
EARNINGS PRESENTATION Q2/H1 2025 RAK Ceramics Share Price Movement RAK Ceramics (RAKCEC) Share Price Performance (AED- LTM) AED RAK CERAMICS (RAKCEC) SHARE PRICE PERFORMANCE (AED) WAP 2.48 3.3 52 week high 2.62 3.1 52 week low 2.29 2.8 2.58 2.6 As of 12th Aug 2025 2.3 2.1 1.8 8/9/24 8/24/24 9/8/24 9
Slide 20: Closing Remarks
EARNINGS PRESENTATION Q2/H1 2025 Closing Remarks Speaker: Abdallah Massaad Group CEO RAK Ceramics PJSC © 2025 All rights reserved 20
Slide 21: 2025 Priorities
EARNINGS PRESENTATION Q2/H1 2025 2025 Priorities Market share growth KLUDI Transformation Retail Expansion & Business, Operations & and preservation Brand awareness Risk management Maintain healthy Transform KLUDI into a global Focus on strengthening retail Optimize operations competition across hig
Slide 22: Q&A
EARNINGS PRESENTATION Q2/H1 2025 Q&A Q&A RAK Ceramics PJSC © 2025 All rights reserved 22
Slide 23: Appendix
EARNINGS PRESENTATION Q2/H1 2025 APPENDIX RAK Ceramics PJSC © 2025 All rights reserved 23
Slide 24: Financial Highlights
EARNINGS PRESENTATION Q2/H1 2025 Financial Highlights Quarterly comparison Yearly Comparison Q2 24 Q1 25 Q2 25 H1 2024 H1 2025 QoQ YoY Amount in AED M Amount Amount Amount YoY Growth Amount Amount Growth Growth Revenue 777.0 776.5 826.8 6.4% 6.5% 1,558.7 1,603.3 2.9% Gross margin (%) 39.6% 39.7% 40.
Slide 25: EBITDA Working
EARNINGS PRESENTATION Q2/H1 2025 EBITDA Working Quarterly comparison Yearly comparison Q2 24 Q1 25 Q2 25 H1 2024 H1 2025 Amount in AED M Amount Amount Amount Amount Amount Net profit/(loss) after tax 51.0 48.9 66.4 113.9 115.2 Tax 8.8 15.7 20.3 19.8 36.0 Interest- net 27.9 23.0 23.7 55.0 46.8 Deprec
Slide 26: Thank You
Thank You CONTACT US If you have any questions or require further information, please visit corporate.rakceramics.com or contact investor relations team at ir@rakceramics.com