Rasan Information Technology Co. · TADAWUL:8313
Rasan Information Technology — 9M 2024 Earnings Presentation
14 slides from Rasan Information Technology's earnings presentation, Oct 28, 2024
Slide 1: Rasan's Earnings Call 9M 2024
Rasan’s Earnings Call 9M 2024 October 28, 2024
Slide 2: Disclaimer
DISCLAIMER This presentation and the comments made during this call may contain forward-looking statements. These statements include, but are not limited to, projections, estimates, expectations, and other statements regarding future financial performance, business strategies, or events. Forward-loo
Slide 3: Agenda
01 | CEO Opening remarks 02 | Financial performance AGENDA 03 | Q&A 3
Slide 4: CEO Opening Remarks
CEO OPENING REMARKS MOAYAD AL FALLAJ
Slide 5: 9M 2024: Robust Revenue Growth and Profitability
9M 2024: ROBUST REVENUE GROWTH AND PROFITABLITY Robust revenue growth Outstanding EBITDA margin • Expanded motor leasing despite challenging market insurance business 28.2% • Delivered outstanding +31% Y-o-Y in Policies +2pp vs 9M 23 motor retail renewals +29% Y-o-Y in Revenues +6pp vs H1 24 • Incre
Slide 6: 9M 2024: Strong Financial Performance
9M 2024: STRONG FINANCIAL PERFORMANCE Revenue Volumes Operating Cashflow +26% +36% SAR 240 M Motor Treza SAR 95 M 29% Y-o-Y +70% 99% Y-o-Y Health Gross Margin EBITDA Margin 60.2% 28.2% +1.5pp. +2.3pp. STRONG ORGANIC GROWTH AND OUTSTANDING PROFITABILITY Note: GWP= Gross Written Premiums 6
Slide 7: Financial Performance
FINANCIAL PERFORMANCE YAZEED AL HAYYAF
Slide 8: 9M 2024 Summary P&L: Strong Performance Across the Board
9M 2024 SUMMARY P&L: STRONG PERFORMANCE ACROSS THE BOARD 9M 2023 9M 2024 YoY Var Revenue 186 240 +29% Gross Profit 109 145 +32.5% Gross Profit Margin 58.7% 60.2% +1.5pp. Opex 71 88 +24.2% EBITDA 48 68 +40.6% EBITDA Margin 25.9% 28.2% +2.3pp. Net Profit 36 55 +53% EPS 0.51 0.75 +47.1% *EPS is recalcu
Slide 9: Strong Growth and Consistent Product Diversification
STRONG GROWTH AND CONSISTENT PRODUCT DIVERSIFICATION Group Revenue SAR MM +29% ✓ Q3 24 revenue growing 41% vs same period last year +41% 240 186 ✓ 9M 24 Revenue increased by 29% YoY (+ SAR 54m), primarily 110 attributed to: 78 | Motors Revenue: + SAR 27M | Treza Revenue: + SAR 25M Q3 23 Q3 24 9M 23
Slide 10: Solid and Attractive Gross Profit as a Result of an Efficient Cost Base
SOLID AND ATTRACTIVE GROSS PROFIT AS A RESULT OF AN EFFICIENT COST BASE Gross Profit and Margin ✓ Q3 Gross Profit increased by 44% SAR MM, % compared to last year | Margin reached 61.2% due to 59.9% 61.2% 58.7% 60.2% improved absorption of cost of sales, driven by scalability +32% ✓ Resilient 9M Gro
Slide 11: Resilient and Growing EBITDA
RESILIENT AND GROWING EBITDA EBITDA Evolution and Margin SAR MM, % 35.3% 25.9% 28.2% ✓ Growing EBITDA in Q3 & 9M 24 41.6% driven by +41% | Strong increase in Revenue +19% resulting in healthy absorption of 68 fixed operating costs 48 | Treza IHC migration to Tameeni 39 optimizing revenues 33 | Diver
Slide 12: High Conversion Rate from EBITDA to Net Profit
HIGH CONVERSION RATE FROM EBITDA TO NET PROFIT Net Profit and Margin SAR MM, % 36.3% 33.3% 19.3% 22.8% ✓ Net Profit increased by 53% in 9M 24 +53% +29% ✓ High conversion rate of EBITDA 55 to Net Profit due to: | Controlled level of D&A expense 37 36 28 driven by the level of intangible assets and PP
Slide 13: Questions
QUESTIONS
Slide 14: Thank You
Thank You ﺷﻜﺮﺍﹰ
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