Slide 1: H1 2013 Financials Conference Call
H1 2013 Financials Conference Call July 23rd, 2013 Doha, Qatar 1
Slide 2: Key Financial Highlights
Key Financial Highlights Revenue Net Profit (in QR 000's) (in QR 000's) 800,000 400,000 700,000 350,000 600,000 300,000 500,000 250,000 400,000 200,000 300,000 150,000 200,000 100,000 100,000 50,000 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2012 2013 2012 2013 Confidential - Not for Distribution 2
Slide 3: H1 2013 vs H1 2012 - Comparison
H1 2013 vs H1 2012 - Comparison (All amounts in QR 000’s, unless otherwise noted) Revenue Up +7% Operating Profit Up +39% Net Profit Up +30% 3
Slide 4: Pillar Overview
Pillar Overview Milaha Maritime & Logistics Milaha Trading • Port Services • Travel & Tourism • Container Shipping • Equipment Trading Agency • Logistics • Marine Equipment Sales & Service • Bulk Shipping • Bunker Sales • Asset Management • Service/Repair Center • Shipyard • Shipping Agencies
Slide 5: Consolidated Statement of Income, by Pillar – H1 2013
Consolidated Statement of Income, by Pillar – H1 2013 (All amounts in QR 000’s, unless otherwise noted) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 431,386 286,636 81,012 137,038 420,770 - (142,778) 1,214,064 Salari
Slide 6: Consolidated Statement of Income, by Pillar – H1 2012
Consolidated Statement of Income, by Pillar – H1 2012 (All amounts in QR 000’s, unless otherwise noted) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 395,540 258,623 83,454 209,304 351,095 - (162,594) 1,135,423 Salari
Slide 7: Pillar Performance
Pillar Performance 9% Revenue Growth and 23% Net Profit Growth vs. H1 2012 o Driven largely by port services and container shipping activities o Ports: o Strong volume growth o Significant focus on efficiency and process improvement initiatives (hand-in-hand with Mwani) in Doha Port o Increase in
Slide 8: Pillar Performance
Pillar Performance 11% Growth in Revenues and 30% 3% Decline in Revenues and 13% Growth in Net Profit vs. H1 2012 Growth in Net Profit vs. H1 2012 o Increased utilisation of construction and o Revenue down slightly due to continued diving vessels due to rectification of weakness in charter hire
Slide 9: Pillar Performance
Pillar Performance 35% Decline in Revenues and 29% 20% Growth in Revenues and 43% Decline in Net Profit vs. H1 2012 Growth in Net Profit vs. H1 2012 o Reduced equipment sales relative to o Q1 2012 had QR 73M benefit from large volume of orders in H1 2012 liquidation of 1 fund, which did not o Bu
Slide 10: Outlook for H2 2013
Outlook for H2 2013 Overall macro outlook for Qatar looks positive as project awards increase Expect higher volumes at Doha Port in H2 In port services unit, continue to improve operating efficiency through optimisation of workforce planning, full deployment of new Terminal Operating System (T
Slide 11: Outlook for H2 2013
Outlook for H2 2013 Continue to focus on optimising utilisation of Expect LNG and owned tanker business to current fleet remain steady through the rest of the year 2 new vessels (Anchor Handling Tug Supply - Cautiously optimistic on a turnaround in LPG AHTS) expected to be delivered by end o
Slide 12: Outlook for H2 2013
Outlook for H2 2013 Expect moderate growth in trucks and heavy Expect investment portfolio to continue to equipment sales perform well in robust growth economy Cautiously optimistic about a rebound in H2 We will continue real estate development after longer-than-anticipated sales cycles in p