Agility Public Warehousing Co. K.S.C. · KSE:MKHZN
Agility Public Warehousing Co. K.S.C — Agility Public Warehousing Company — Q3 2022 Earnings Presentation
24 slides from Agility Public Warehousing Co. K.S.C's earnings presentation, Nov 20, 2022
Slide 1: Agility letter to Boursa Kuwait
Agility 20 November, 2022 M/s Boursa Kuwait Subject: Analyst/ Investor Conference for the Third Quarter of 2022 Reference to the above mentioned subject and pursuant to the requirements of Boursa Kuwait Rule Book issued as per Resolution No. (1) of 2018, we wish to inform you that the quarterly Anal
Slide 2: Third Quarter 2022 Analyst Webcast
Agility Public Warehousing Company Third Quarter 2022 Analyst Webcast Sunday, November 20th 2022 Kindly find enclosed minutes of Agility’s analyst webcast, which was held on Thursday November 17, 2022 at 2:00 PM Kuwait time, to discuss Third Quarter 2022 earnings results. Attendees from Agility: Eha
Slide 3: Webcast transcript: opening and business update
Sidharth: Good afternoon, ladies and gentlemen and thank you for joining us today. This is Sidharth Saboo, and on behalf of Arqaam Capital, I would like to welcome you to Agility’s Third Quarter 2022 earnings webcast. With me here today I have Mr. Ehab Aziz, Agility’s Chief Financial Officer and Agi
Slide 4: Webcast transcript: Menzies and key events
So, these are the key events during that quarter. As far as Menzies is concerned, since it would be one of our largest entities within our controlled group. As you know, our company today is divided into controlled segment and investments. Within the controlled group, Menzies will be the largest con
Slide 5: Webcast transcript: nine-month results
As far as the nine months is concerned, again, very healthy year over year, across the board, across the different metrics and across also the different entities. Revenues up 27% which is quite significant with Menzies is about 53%. 16% growth in net revenue, 21% growth in EBITDA which is more or le
Slide 6: Webcast transcript: DSV investment
We believe that the intrinsic value of DSV is much higher and actually the consensus view from the analysts, (DSV is well covered by the international banks), is actually much higher than where it is today. So, internally we have our views that the numbers and the performance so far has been extreme
Slide 7: Webcast transcript: net debt and debt profile
also had some capex spent and then some investment in working capital, predominantly in Tristar, and then we had KD 57 million spent in others. But you can see that the main driver for the increase in net debt was the acquisitions that have been made over the past 12 months because that's compared t
Slide 8: Webcast transcript: Q&A
I'll take the questions and then maybe we can conclude after that. Operator: Thank you. As a reminder, if you would like to ask a question today, please use Q&A chat box above the slides. Ehab: Okay, so it doesn't seem to be like we have many questions, so I think we can conclude the call. Thank you
Slide 9: Agility Earnings Call Presentation
Agility Earnings Call Presentation Third Quarter and Nine Months 2022 November 2022
Slide 10: Forward-Looking Statements Disclaimer
Forward-Looking Statements Disclaimer This presentation is strictly confidential and is being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose. This presentation has been prep
Slide 11: Agenda
Agenda 1 Business Update 2 Company Overview 3 Group Financial Performance 4 Q&A 3
Slide 12: Q3 Business Update
Q3 Business Update Focused on value investing and executing on our growth strategy for controlled businesses in established sectors Key Events Completed the acquisition of John Menzies in August for an Tristar completed the 51% acquisition of HG Storage equity value of £571 million. International Li
Slide 13: Transaction Completion
Transaction Completion Finalized the acquisition of 100% of UK-based John Menzies PLC on 4 August 2022 and combined the business with National Aviation Completion Services (NAS). The combination will be operating as Menzies Aviation to create a world leader in aviation and unlock greater value toget
Slide 14: Group Financial Performance
Group Financial Performance Financial Highlights Q3 and 9M 2022 6
Slide 15: Agility Income Statement – Q3 2022
Agility Income Statement – Q3 2022 (KD Mln) Healthy growth in organic and inorganic portfolio of businesses Revenue Net Revenue John Menzies John Menzies +105.9% +126.2% 256.3 145.5 89.5 74.1 124.5 +34.0% 64.3 +11.0% 166.8 71.4 Q3 2021 Q3 2022 Q3 2021 Q3 2022 EBITDA Net Profit John Menzies Agility E
Slide 16: Agility Income Statement – 9M 2022
Agility Income Statement – 9M 2022 (KD Mln) Solid performance and growth YTD across all businesses Revenue Net Revenue John Menzies John Menzies +52.9% +56.8% 526.9 284.7 89.5 74.1 344.7 181.6 +26.9% +16.0% 437.3 210.6 9M 2021 9M 2022 9M 2021 9M 2022 EBITDA Net Profit John Menzies Agility Excl. gain
Slide 17: A strong portfolio of controlled businesses and minority investments
A strong portfolio of controlled businesses and minority investments We are actively managing our controlled businesses to deliver growth while being a long-term strategic investor in our minority investments targeting high-growth and returns Controlled Businesses Investments (minority stake) Listed
Slide 18: Agility Reported Income Statement - YTD
Agility Reported Income Statement - YTD EBITDA reflects mostly the controlled businesses segments performance, and the investment segment is mainly accounted for as per IFRS9 Controlled Investments Consolidated KD Mln 9M 2022 9M 2021 % 9M 2022 9M 2021 % 9M 2022 9M 2021 % Revenue 526.9 344.7 52.9% -
Slide 19: Balance Sheet (KD Mln)
Balance Sheet (KD Mln) Strong Asset and Equity base to support our future growth plan Balance sheet 9M 2022 9M 2021 Variance % Assets Assets Equity&Liabilities Current Assets Current Liabilities Current assets 16.3% 18.5% 506.7 288.0 218.7 75.9% Non-Controlled Non-Current assets 37.4% Financial Asse
Slide 20: Liquidity Profile (KD Mln)
Liquidity Profile (KD Mln) Refinanced and increased credit facilities with medium to long term maturities Corporate Debt Profile Group Net Debt Bridge 795 EUR USD 57 34 Currency 21 33.6% 66.4% 710 378 305 Non-Controlled Maturity 34.4% 35.2% 30.3% 710 2025 2027 2028 Q3 2021 Acquisitions CAPEX OCF Oth
Slide 21: Cash Flow Statement for Continuing Operations
Cash Flow Statement for Continuing Operations (In KD Millions) Agility has a healthy cash flow generation and will continue to reinvest in its businesses Cash Flow Statement 9M 2022 9M 2021 Variance % Capex and Investment Allocation Cash from Operating activities before 115.3 114.9 0.4 0.4% changes
Slide 22: Agility's Operating entities are delivering healthy growth YTD 2022
Agility’s Operating entities are delivering healthy growth YTD 2022 Menzies ALP Tristar GCS +29% +6% +45% +3% revenue growth Vs last year revenue growth* Vs last year revenue growth Vs last year revenue growth Vs last year Growth Drivers Growth Drivers Growth Drivers Growth Drivers Expansion of Tris
Slide 23: Non-Controlled Investments
Non-Controlled Investments Investments in businesses in growing sectors aimed at creating future value and optionality Listed Investments Non-Listed Investments • World’s top three freight forwarding company with more than 75,000+ • GCC’s first smart retail center, leisure and entertainment destinat
Slide 24: Q&A Session
Q&A Session 16
Agility Public Warehousing Company — Q3 2022 Earnings Presentation on 6ix