Slide 1: Earnings Call Q1 2022
EARNINGS CALL Q1 2022 23rd May 2022 BinDawood Holding HQ Jeddah, KSA
Slide 2: Disclaimer
Disclaimer This presentation has been prepared for information and background purposes only. It has not been independently verified, and no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information contained herein, and no re
Slide 3: Today's Presenters
Today’s Presenters Ahmad AR. BinDawood Muhammad Salim Patka Hassan Javaid Chief Executive Officer Chief Financial Officer Head of Investor Relations 2
Slide 4: CEO Message
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Slide 5: CEO Message: Q1 2022 Overview
CEO Message Q1 2022 Overview We are finally beginning to see a marked improvement in trading. The removal of the pandemic restrictions stipulated by the government has seen a return of pilgrims to the Holy Sites of Makkah and Madinah, as well as the more regular tourist and business travelers. Addit
Slide 6: Trading Update
Trading Update 02 5
Slide 7: Q1 2022 Trading Update (1/6): Revenue Bridge
Q1 2022 Trading Update (1/6) Revenue Bridge (Q1 2021 vs Q1 2022) & (Q4 2021 vs Q1 2022) Revenue Bridge (Q1’21 vs Q1’22) Revenue Bridge (Q4’21 vs Q1’22) (Amounts in SAR 'M) 1,175 (Amounts in SAR 'M) 1,175 47 - 1,124 1,057 62 7 12 - 9 32 Q1' 21 Haramain LFL of LFL of 2022 Stores Q1' 22 Q4'21 Haramain
Slide 8: Q1 2022 Trading Update (2/6): Customer Count and Basket Size
Q1 2022 Trading Update (2/6) Customer Count and Basket Size Customer Count Basket Size Count in millions 11.2 113.7 11.2 10.4 103.5 103.5 100.1 9.8 Q1'21 Q1'22 Q4'21 Q1'22 Q1'21 Q1'22 Q4'21 Q1'22 o Increase in footfall of Danube Stores by +13.3% vs Q1’21 & +6.3% vs Q4’21 and BinDawood Stores by +17.
Slide 9: Q1 2022 Trading Update (3/6): Financial Performance
Q1 2022 Trading Update (3/6) Financial Performance (SARm) Gross Profit 373.4 383.7 383.7 33.2% 32.6% 32.6% 268.9 32.4% 32.8% 32.4% 33.2% 32.6% 32.6% 32.4% 25.4% 35.2%32.8% 35.2% 34.4% 32.6% 25.4% 33.2% 32.8% 32.3% 35.2% 35.2% 34.4% 33.2% 34.4% 33.2% 33.2% 34% 32% 36% Q1'21 Q1'2232% 33% 33% Q4'21 Q1'
Slide 10: Q1 2022 Trading Update (4/6): Profitability
Q1 2022 Trading Update (4/6) Profitability (SARm) Adjusted EBITDA1 Net Income 698 15.7% 240.6 18.5% 15.7% 15.9% 18.2% 5.5% 5.5% 8.7% 15.9% 18.5% 18.5% 18.5% 18.5% 5.5% 18.5% 18.5% 8.7% 20% 18.4% 15.7% 19718.4% 33.2% 8.7% 33.2% 18% 33.2% 18.5% 18.5%18% 9.7% 181 62.1 7.0% 65.5 17% 17.6% 11% 16% 18%18%
Slide 11: Q1 2022 Trading Update (5/6): Cash flows
Q1 2022 Trading Update (5/6) Cash flows (SARm) Adjusted CFO Adj. CFO1/ Adj. 66% 133% -0.5% 231% EBITDA2 464.0 418.2 262.3 18.5% 18.5% 8.7% 8.7% 15.9% 33.2% 15.7% 8.7% 33.2% 20% 18% 33.2% 18.5% 18% 18.5% 18.5% 9.7% 11% 17% 16% 18%18% 33% 18.5% 5.5% 33.2% 18.4% 6.8%6.8% 7% 20% 18.4% 7.0% 18.5% 7% 17.6
Slide 12: Q1 2022 Trading Update (6/6): Key Cashflow and Balance Sheet Items
Q1 2022 Trading Update (6/6) Key Cashflow and Balance Sheet Items (SARm) Trade o Trade Working capital decreased by Working 27.1% mainly due to: • Trade Working Capital (TWC)1 Capital 573 600 437 TWC o Management’s focus on keeping 416 438 the receivables at optimal levels 445 Accounts has resulted
Slide 13: Concluding Remarks & Q&A
Concluding Remarks & Q&A 0403 12
Slide 14: Concluding Remarks & Q&A: Key Focus Areas
Concluding Remarks & Q&A Key Focus Areas o 5 new store openings (including Bahrain & remaining Danube Riyadh store due to open in Q4 2021) Expand Store are planned in FY 2022. Network o 5 express stores (4 at Haramain High Speed Railway & 1 at Jeddah Airport) due to open in H2 2022. o A review of su
Slide 15: Sinag!a on
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