Asbisc Enterprises Plc · GPW:ASB
Asbisc Enterprises — Q1 2023 Earnings Presentation
26 slides from Asbisc Enterprises's earnings presentation, May 2023
Slide 1: Back to Growth, Back to Business: Q1 2023 Results
BACK TO GROWTH, BACK TO BUSINESS ASBIS DELIVERS ITS MOST PROFITABLE EVER QUARTER 1 Q1 2023 RESULTS
Slide 2: Table of Content
TABLE OF CONTENT ASBIS – Q1 2023 OVERVIEW FINANCIAL RESULTS IN Q1 2023 FINANCIAL FORECAST FOR 2023 DIVIDEND FOR 2022 SUMMARY APPENDIX 2
Slide 3: Q1 2023 Key Business Events
Q1 2023 KEY BUSINESS EVENTS STRONG MONTHLY Very strong Q1 of 2023 for ASBIS. The Company has beaten its March record-breaking REVENUES revenues reaching an immense 30% growth rate. q ASBIS has established a subsidiary in Greece, ASBIS Hellas S.A. q ASBIS has invested in Theramir LTD - biotech compan
Slide 4: ASBIS in Q1 2023
ASBIS IN Q1 2023 Subsidiaries 20 000 2 485 in 28 active customers employees countries in 60 countries Revenue 4 110 000 $ 722 m Distribution products centers in portfolio Over 60% 20 B2B e-shops 240 Online transactions 5 B2C e-commerce vendors 4
Slide 5: Table of Content
TABLE OF CONTENT ASBIS – Q1 2023 OVERVIEW FINANCIAL RESULTS IN Q1 2023 FINANCIAL FORECAST FOR 2023 DIVIDEND FOR 2022 SUMMARY APPENDIX 5
Slide 6: Q1 2023 Superb Quarter: Financial Highlights
Q1 2023 SUPERB QUARTER Q1 2023 Financial Highlights REVENUES GROSS PROFIT USD 722 million USD 62.1 million + 4 % Yo Y + 1 7 % Yo Y GROSS PROFIT NET INCOME MARGIN USD 17.4 million 8.60% + 8 % Yo Y 6
Slide 7: In Q1 2023 Strong Smartphone Growths
IN Q1 2023 STRONG SMARTPHONE GROWTHS REVENUES BY LINES (US$ m) § Strong growth in smartphones, 900 as a result of supply recovery 800 700 and high demand in our 600 500 markets. 400 300 200 100 0 § Smartphones, laptops and CPUs 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 remain the main drivers for
Slide 8: Q1 2023 Revenues on Expectations in All Regions
Q1 2023 REVENUES ON EXPECTATIONS IN ALL REGIONS § FSU region increased by 6% YoY, REVENUES BY REGIONS (USD m) as a result of intensification of our 900 activities in non-conflict markets 800 and the restoration of the 700 600 business in Ukraine. 500 400 300 200 § F.S.U. and CEE regions 100 contribu
Slide 9: Q1 2023 The Most Profitable First Quarter Ever
Q1 2023 THE MOST PROFITABLE FIRST QUARTER EVER § Strong top line for Q1’23, reached USD 722m. USD m Q1’23 Q1’22 YoY Revenue 722.0 694.6 4% § Strong growth in gross profit. Gross profit 62.1 52.9 17% Gross profit margin 8.60% 7.61% 0.99 ppt § Gross profit margin at a super high SG&A costs -33.4 -28.5
Slide 10: Q1 2023 The Gross Profit Margin Remained Super Strong
Q1 2023 THE GROSS PROFIT MARGIN REMAINED SUPER STRONG REVENUES +4% § Revenues up 4% YoY reaching 1000 948 100% USD 722m. 800 733 717 695 699 780 722 80% 680 60% 600 516 40% 400 20% § Gross profit margin at a very high 0% level of 8.60% in Q1’23, mainly due 200 -20% to portfolio enhancement with high
Slide 11: Q1 2023 Top Countries in Revenues vs Q1 2022
Q1 2023 TOP 10 COUNTRIES IN REVENUES vs Q1 2022 § Kazakhstan - our biggest market, 200 keeps the dynamic revenues growth. 180 175 160 § Ukraine – remained our second 140 biggest market with revenues of 125 USD 102.1m. 120 102 100 § Azerbaijan, Georgia and Armenia 80 77 67 with a very strong YoY grow
Slide 12: Cash Engaged in Working Capital
CASH ENGAGED IN WORKING CAPITAL NET WORKING CAPITAL (US$ m) § High NWC demanding quarter resulted in the need to involve NWC: 73% of sales NWC: 51% of sales more cash into working capital. 503 381 328 289 § Capex comprises of outflows for investments in tangible and intangible assets. Q1'23 -303 Q1'
Slide 13: Indebtedness at Safe Level
INDEBTEDNESS AT SAFE LEVEL USD million Q1’23 Q1’22 YoY § Strong cash position in seasonally Short term borrowings 179.6 130.3 38% (excl. leases and factoring) NWC intensive quarter. Long term borrowings (excl. leases) 0.9 0.1 1,260% Other long-term liabilities 0.9 0.8 10% § Ability of the Company to
Slide 14: Table of Content
TABLE OF CONTENT ASBIS – Q1 2023 OVERVIEW FINANCIAL RESULTS IN Q1 2023 FINANCIAL FORECAST FOR 2023 DIVIDEND FOR 2022 SUMMARY APPENDIX 14
Slide 15: Financial Forecast for 2023
FINANCIAL FORECAST FOR 2023 REVENUE Between USD 3.0bn and USD 3.2bn NET INCOME Between USD 78m and USD 82m ASSUMPTIONS MAIN ASSUMPTIONS • There will be no additional attack on any other country by Russia in the territories we operate • There will not be attempt of Russia to take over the whole or pa
Slide 16: Table of Content
TABLE OF CONTENT ASBIS – Q1 2023 OVERVIEW FINANCIAL RESULTS IN Q1 2023 FINANCIAL FORECAST FOR 2023 DIVIDEND FOR 2022 SUMMARY APPENDIX 16
Slide 17: Dividend Hit a New Record
DIVIDEND HIT A NEW RECORD DIVIDEND Our general dividend policy is to pay dividends at levels consistent with the Company’s (USD m) growth and development plans, while maintaining a reasonable level of liquidity. 25 16,7 16,7 The AGM on the 10th of May, 2023 approved a dividend payment 7,5 of USD 0.2
Slide 18: Table of Content
TABLE OF CONTENT ASBIS – Q1 2023 OVERVIEW FINANCIAL RESULTS IN Q1 2023 FINANCIAL FORECAST FOR 2023 DIVIDEND FOR 2022 SUMMARY APPENDIX 18
Slide 19: Summary
SUMMARY THE MOST PROFITABLE Q1 IN COMPANY’S HISTORY § The highest ever net profit. § 2022 dividend: USD 0.45 cents per share will be paid to shareholders, including the THE HIGHEST DIVIDEND IN interim dividend COMPANY’S HISTORY § Dividend paid for seven consecutive years. § New contracts signed/exte
Slide 20: Contact for Investors and Media
Contact for investors: Contact for media: Tziamalis Constantinos Iwona Mojsiuszko Deputy CEO Managing Director of 8Sense PR phone: +357 25857188 phone: +48 502 344 992 email: costas@asbis.com e-mail: iwona.mojsiuszko@8sensepr.pl Bartosz Basa IR Manager phone: +48 691 910 760 email: b.basa@asbis.com
Slide 21: Table of Content
TABLE OF CONTENT ASBIS – Q1 2023 OVERVIEW FINANCIAL RESULTS IN Q1 2023 FINANCIAL FORECAST FOR 2023 DIVIDEND FOR 2022 SUMMARY APPENDIX 21
Slide 22: ASBIS APR, APP and Monobrand Stores
ASBIS APR, APP AND MONOBRAND STORES CURRENT SITUATION ASBIS is an authorized distributor of Apple products in 11 countries of the Former Soviet Union (with the exception of Russia) including: • Ukraine, • Kazakhstan, • Georgia, • Armenia, • Azerbaijan, • Kyrgyzstan, • Uzbekistan, • Moldova • Turkmen
Slide 23: ASBIS Own Brands
ASBIS OWN BRANDS Prestigio Solutions specializes in the AENO is a young dynamic brand of production and delivery of innovative smart household appliances. technological solutions for business and www.aeno.com education. www.prestigio-solutions.com Prestigio is an international brand that Canyon is a
Slide 24: ASBIS Robotics Solutions
ASBIS ROBOTICS SOLUTIONS We provide efficiency to your business by using robots on operations tough to people AROS (ASBIS Robotic Solutions) is the division of ASBIS Group specializes on design, development, marketing, distribution, and services of collaborative and industrial robotic solutions tail
Slide 25: Shareholder Structure
SHAREHOLDER STRUCTURE Number of shares % of share capital & votes & votes 36,84% KS Holdings Ltd * 20,448,127 36.84% ASBISc Enterprises Plc (buy-back 328,800 0.59% program) 62,57% 0,59% Free-float 34,723,073 62.57% TOTAL 55,500,000 100.00% KS Holdings Ltd* As of : 2023-05-11 ASBIS (buy back program)
Slide 26: Disclaimer
DISCLAIMER This presentation (the “Presentation”) was prepared by ASBISc Enterprises Plc (the “Company”) with a due care. Still, it may contain certain inconsistencies or omissions. The Presentation does not contain a complete or thorough financial analysis of the Company and does not present its st