Meeza Qstp Llc · QSE:MEZA
Meeza Qstp — FY2023 Earnings Presentation
21 slides from Meeza Qstp's earnings presentation, Feb 8, 2024
Slide 1: FY2023 Financial Performance
FY2023 Financial Performance 8 February 2024 Msheireb Downtown Doha 3rd Floor, Building No. 2, Street 981, Zone 3 Tel: +974 4004 0044 Email: investors@meeza.net P.O. Box 892, Doha Qatar Fax: +974 4004 0004
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by MEEZA QSTP LLC (Public) (the Company) for informational purposes only. Neither this presentation, nor any part of it, may be relied on in connection with, or act as an inducement to, or otherwise as the basis for entering into any contract or commitm
Slide 3: Operations Overview
Operations Overview Mohsin Al Marri Acting Chief Executive Officer 3
Slide 4: Key Messages for FY2023
Key Messages for FY2023 Strong YoY Growth Healthy Indicators Roadmap for Expansion • +20% growth in annual • OPEX intensity improved to • Recently filled remaining Revenues to QR 423m, led 10.5% from 11.4% last year data center capacity by Solutions and Managed Services • QR 439m in total contract •
Slide 5: Commercial Overview
Operations Commercial Overview Dr. Fadi Nasser Chief Commercial Officer 5
Slide 6: Local meets Global Trends in 2024
Local meets Global Trends in 2024 Operations Data Managed Master Cloud Solutions Workplace Centers Services IT Services Services Service Services Services Integration Managed Big Data Doubling global AI / GPU Cloud Computing proliferation Services Growth DC capacity inc. Security 6
Slide 7: Financial Results
Operations Financial Results James Corby Chief Financial Officer 7
Slide 8: FY23 Financial Performance | FY23 v FY22
FY23 Financial Performance | FY23 v FY22 QRm 1) Revenue Expenses EBITDA Net Profit +19.8% +30.8% -0.3% +15.5% • Total Revenue grew 19.8% (QR 70.0m) led by increase in Solutions (71%), Managed Services (22%) and Cloud (47%) • Expenses QR 70.4m (30.8%) higher primarily due to higher revenue, revenue m
Slide 9: FY23 Financial Performance | Annual Trend
FY23 Financial Performance | Annual Trend QRm Revenue Net Profit +19.8% +15.5% +6.7% • Total Revenue grew 19.8% (QR 70m) YoY led by increase in Solution Services (71%) and Managed Services (22%) and Cloud (47%) partially offset by lower Data Centre Services (2%), Workplace Services (8%) and Master S
Slide 10: Q4 FY23 Financial Performance | Q4 FY23 v Q4 FY22
Q4 FY23 Financial Performance | Q4 FY23 v Q4 FY22 QRm 1) Revenue Expenses EBITDA Net Profit +10.0% +21.5% -11.9% -13.4% • Total Revenue increased by 10.0% (QR 10.2m) mainly led by growth in Solution Services (32%) and Cloud (80%) partially offset by lower Data Centre Services (2%) and Master Systems
Slide 11: FY23 Financial Performance | Capital Expenditure
FY23 Financial Performance | Capital Expenditure QRm CAPEX Return of Capital Employed (ROCE)* • FY20 & FY21 CAPEX impacted by the construction of MV2 • ROCE increasing from 5% in December 2019 to 8% in extension (0.9MW) and MV4 (4 MW) December 2023 driven by growth in profit • FY22 CAPEX driven by M
Slide 12: FY23 Financial Performance | Cash Flow from Operations
FY23 Financial Performance | Cash Flow from Operations QRm Cash generated from Operations * (Net Debt) / Net Cash * Cash generated from operations as per statement of cash flows net off lease payments • Strong cash flow generation since FY20 • Company in a net cash position (not net debt) with QR 25
Slide 13: YTD FY23 Financial Performance | Efficiencies & Margins
YTD FY23 Financial Performance | Efficiencies & Margins Year on Year EBITDA • EBITDA margin in FY19 and FY20 inflated by the Margin NaaS contract • EBITDA margin excluding NaaS increasing by - EBITDA margin 4.5pp since FY19 driven by Revenue mix and cost - EBITDA margin excluding NaaS optimization •
Slide 14: Operations Q&A
Operations Q&A 14
Slide 15: Appendix
Operations Appendix 15
Slide 16: YTD FY23 | Statutory results
YTD FY23 | Statutory results Consolidated Statement of Income & Statement of Financial Position * *Calculated on number of shares in FY23, post change in nominal value from QR 1,000 to QR 1 IR Conference Call - 8 February 2023 16
Slide 17: Who we are
Who we are Established in 2008 as a Qatar Foundation joint venture, MEEZA is a Data Centers and Managed IT services provider in Qatar In addition to operating 5 Data Centers (M-Vaults), the Company offers Managed IT Services, Solution Services, Workplace Services, Cloud & Smart City services MEEZA o
Slide 18: Company Highlights
Company Highlights Five Tier III certified 1st Centralised datacentres offering Command & Control uptime of 99.98 % 1st Data Center and Centre in Qatar Provision world-class Managed IT services End-to-end Managed IT Company listed on Services and Solutions Qatar Stock Exchange 1st Commercial 1st Com
Slide 19: End-to-end IT Service Portfolio
End-to-end IT Service Portfolio Data Managed Master Cloud Solutions Workplace Centers Services IT Services Services Service Services Services Integration Development, Leveraging MEEZA’s Tailored IT solutions Ad-hoc IT Provision of onsite Provision of multiple management and data center provided to c
Slide 20: Key Investment Highlights
Key Investment Highlights Leading • World is experiencing a data boom, creating significant demand for data centers and IT services Position in • Operate in a market where energy prices and telecom connectivity are favorable making supply chains reliable • Qatar’s Data Center pioneer Digitalization
Slide 21: Thank You
Thank You MEEZA Investor Relations Qatar Science & Technology Park Tel: +974 4004 0044 Tech 2, Office # 203, 2nd Floor Email: investors@meeza.net Fax: +974 4004 0004 P.O. Box 892, Doha Qatar