Oriental Weavers Carpet · EGX:ORWE
Oriental Weavers Carpet — 9M 2024 Earnings Presentation
14 slides from Oriental Weavers Carpet's earnings presentation, Nov 1, 2024
Slide 1: Oriental Weavers Carpet 9M 2024 Results
Oriental Weavers Carpet 9M 2024 Results The world’s leading manufacturer of woven carpets
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking statements. A forward-looking statement is any statement that does not relate to historical facts and events, and can be identified by the use of such words and phrases as “according to estimates”, “aims”, “anticipates”, “assumes”, “belie
Slide 3: Table of Contents
TABLE OF CONTENTS 9M24 Operating Performance Highlights 4 9M24 Financial Overview 9
Slide 4: Operating Performance Highlights
Operating Performance Highlights
Slide 5: 9M24 Operating Performance
9M24 Operating Performance Total Revenue (EGP m) Total Revenue + 34% y-o-y • International Markets + 32% y-o-y • Egypt + 37% y-o-y 34% EBITDA of EGP 2,851 million + 45% y-o-y 17,659 17,202 Margin of 16.6% y-o-y 13,256 12,874 11,403 Adj EBITDA of EGP 3,123 million +58% y-o-y, 9,485 Margin of 18.2% 6,
Slide 6: Diversified Footprint Provides a Unique Platform to Lead & Grow
Diversified Footprint Provides a Unique Platform to Lead & Grow Europe Sales: EGP 3.6 bn ▲ 38% Asia Sales: EGP 385m Sales Contribution : 21% ▲34% Sales contribution: 2% Egypt: Sales: EGP 6.1bn ▲37% y-o-y Americas Sales : EGP 5.9bn Sales Contribution: 36% ▲37% y-o-y Sales contribution: 34% GCC Sales:
Slide 7: Key International Markets Performance: Americas and Europe
I. Key International Markets Performance Share in 9M24 Revenues ( EGP 000’s) Remarks Key Accounts Revenues - OW actively participates in various U.S. Furniture and Rug fairs, including High Point in North Americas 5,610 5,875 Carolina, World Market in Las Vegas, and New York 34% 4,316 4,307 4,285 Ma
Slide 8: Egypt Performance By Segment
II. Egypt Performance By Segment (31% of revenue) Woven + 33% YoY Revenue Breakdown | 9M 2023/2024 Revenues from the woven segment grew by 33% y-o-y to EGP 4.8bn, it contributed the majority to overall revenue growth. The growth was attributed to an increase in ASP. 5% 2% 6% 3% Tufted +61% YoY 12% 1
Slide 9: Financial Overview
Financial Overview ,
Slide 10: Income Statement Highlights
9M24 Financial Performance Income Statement Highlights Revenues (EGP m) Volume (000 m2) Gross profit (EGP m/% margin) 16.1% 9.5% 14.4% 14.2% 14.9% 16.5% 130,810 17,658 121,808 17,206 112,688 30% 13,255 12,873 11,404 36% 36% 36% 82,568 82,527 38% 32% 37% 35% 37% 40% 2,842 2,550 2,570 70% 64% 62% 1,83
Slide 11: Income Statement Highlights
9M24 Financial Performance Income Statement Highlights SG&A (EGP m/% revenues) EBITDA EGP (m/% margin) Net Income (EGP m/% margin) Fixed Costs: c. 85% 16.9% 11.1% 15.5% 15.3% 16.6% 18.2% 10.6% 7.1% 10.7% 12.6% 10.7% 14.2% 4.5% 4.6% 4.1% 4.1% 3.8% 2,851 3,123 2,445 2,729 2,173 722 656 1,892 519 609 5
Slide 12: Cost of Sales Analysis
9M24 Financial Performance Cost of Sales Analysis Cost of Sales Breakdown | 9M24 Raw Materials 13% Polyproplyene/Nylon 3% 4% Selling Expenses 9% 12% Backing Wages 9M24 Raw 27% EGP 14.6bn 55% Materials Depreciation Finishing Material 20% 12% Others Wool Polypropylene Prices | USD/to
Slide 13: Balance Sheet & Other Highlights
9M24 Financial Performance Balance Sheet & Other Highlights Net Debt/Equity (EGP mn) Cash Conversion Cycle (Days) Operating Cash flow (EGP mn) 0.33x 0.34x 173 days 175 days 1,987 1,987 163 745 154 57 60 48 121 38 31 Dec 23 30 Sep 24 FY23 30-Sep 30 Sep 23 30 Sep 24 Net Debt Debt to Equity Receivabes
Slide 14: Balance Sheet & Other Highlights
9M24 Financial Performance Balance Sheet & Other Highlights Debt Cash EGP NetCash Debt/EBITDA 2% Euro 21% 1.39 Dollar 38% EGP 58% Dollar 0.48 Euro 77% 4% 0.26 0.04 FY21 FY22 FY23 9M24 Total Debt recorded EGP 6.7 bn in Sep 24 In terms of cash management, net compared to EGP 4.6 bn in Dec 23 , with an
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