Miahona Co. · TADAWUL:2084
Miahona — H1 2024 Earnings Presentation
15 slides from Miahona's earnings presentation, Aug 7, 2024
Slide 1: Miahona's Earnings Call H1 2024
Miahona’s Earnings Call H1 2024 August 7, 2024
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by representatives of Miahona Company (the “Company” and, together with its subsidiaries, the “Group”). No reliance may be placed for any purpose whatsoever on the information or opinions contained in this document or any other document or oral statement or
Slide 3: Today's Speakers and Agenda
Today’s Speakers and Agenda 01 | Business Review 02 | Financial Review 03 | Q&A AWAADH AL OTAIBI REHAN MASOOD Chief Executive Officer Chief Financial Officer 3
Slide 4: Business Review
BUSINESS REVIEW AWAADH AL OTAIBI Chief Executive Officer
Slide 5: Building Success Through Operational Excellence
Miahona | Building Success Through Operational Excellence PROVEN DEVELOPMENT AND OPERATIONAL TRACK RECORD STRONG NATIONWIDE PRESENCE m3/day 8 c. 8 mn 11 Projects +1 mn | +100 k Cities Population served Concession (6) | O&M (5) Wastewater | Water Daily Capacity INDUSTRIAL CLIENTS 06 Concessions < 10%
Slide 6: Concessions | Driving Sustainable Growth
Concessions | Driving Sustainable Growth UNDER REHABILITATION UNDER CONSTRUCTION UNDER FINANCIAL CLOSE Strategic Partnerships Three (3) new concession arrangements with KSA major stakeholders: HADDA & ARANA RAS TANURA AL HAER (Western Region) (Eastern Region) (Central Region) • National Water Compan
Slide 7: Key Pillars Underpinning Miahona's Operational Excellence
Key Pillars Underpinning Miahona’s Operational Excellence ESTABLISHED INNOVATIVE RELIABLE EFFICIENT INTERNATIONAL EXPERTISE SOLUTIONS SYSTEMS PROCESSES BEST PRACTICES ✓ Dedicated in-house experts ✓ Optimal tailored and ✓ Superior control and ✓ Integrated model that ✓ Top-tier, internationally includ
Slide 8: Financial Review
FINANCIAL REVIEW REHAN MASOOD Chief Financial Officer
Slide 9: H1 2024 Financial Summary
Key Pillars Underpinning Miahona’s Operational Excellence SAR mn H1 2024 H1 2023 % YoY REVENUE 151.8 149.6 + 1.5% EBITDA 72.3 64.7 + 11.8% Margin 47.6% 43.2% + 4.4 pp. NET INCOME 28.1 25.1 + 12.0% Margin 18.5% 16.8% + 1.7 pp. 9
Slide 10: Resilient Growth Trajectory
Resilient Growth Trajectory Total Group Revenue (SAR 151.8 mn) SAR mn, % Steady Revenue Growth +1.5% | One new project brought in additional revenue of SAR 7.6 million, and the 2.1 7.7 continuation and enhancement of the 14.4 7.1 16.1 existing O&M project contributed 21.3 SAR 3.7 mn. | Partially off
Slide 11: Growing Bottom Line
Growing Bottom Line Net Income Bridge Robust Performance– NI Growth 12% SAR mn, % +12% | Financial close of one project bringing additional revenue and other income. | Reinforcement of leadership, governance and strategic investments in branding, reflecting the company’s ongoing commitment to invest
Slide 12: Efficiency Driving Strong EBITDA
Efficiency Driving Strong EBITDA EBITDA Evolution and Margin SAR mn, % Double-Digit EBITDA Growth +12% | Additional revenue from the new projects 72.3 | Differences in the timing of recognizing 64.7 development fees H1 2023 H1 2024 Non-Operational Costs Breakdown Growth supported by strategic invest
Slide 13: Fueling Future Growth
Fueling Future Growth Cash Flow Generation – Strong EBITDA/FCF conversion Building on Strong Cash Flow EBITDA/FCF Conversion 89% 85% | Increase in cash flow from operations is SAR mn H1 2024 H1 2023 primarily due to a rise in profit | Projects are entirely financed through debt Cash flow from Operat
Slide 14: Key Highlights
Key Highlights 01 02 03 04 05 06 07 Track Record of Secured, Highly Well Governed …Well-Positioned Operational Attractive Company with for Continued Excellence De-risked Returns Enabling Financial Stability Visionary Operating in a Growth Validates Ability Business Model Growth-Focused Providing Sha
Slide 15: Questions & Answers
Questions & Answers