Mezzan Holding Company Kscc · KSE:MEZZAN
Mezzan Holding Company Kscc — Mezzan Holding Company — FY2024 Earnings Presentation
16 slides from Mezzan Holding Company Kscc's earnings presentation, Mar 10, 2025
Slide 1: FY 2024 Earnings Presentation
FY 2024 Earnings Presentation March 10, 2025 1
Slide 2: Disclaimer
Disclaimer This conÞdential document is provided for informational purposes only. THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES IN ANY JURISDICTION. IT IS SOLELY FOR US
Slide 3: Agenda
Agenda FY24 Highlights Board Recommendation FY24 Financial Review Q&A 3
Slide 4: Mezzan Today: Earnings Highlights
Mezzan Today: Earnings Highlights KD Millions Ò Mezzan Holding achieves record revenue of KD 286.1mn, reßecting sustained growth driven by strong performance across food and non-food segments. FY EBITDA (2021-2024) Ó FYÕ24 FYÕ23 % Diff KD Millions 31.5 Revenue 286.1 271.2 +5.5% 27.9 Gross Margin 68.
Slide 5: Mezzan Today: FY Comparative Performance
Mezzan Today: FY Comparative Performance KD Millions FY Revenue FY Gross Profit FY Net Profit 15.5 68.1 286.1 271.2 61.5 12.7 255.2 245.1 53.0 51.5 9.6 3.9% 6.5% 12.7% CAGR CAGR CAGR -1.7 2021 2022 2023 2024 2021 2022 2023 2024 2021 2022 2023 2024 FY 2024 recored highest performance across key metri
Slide 6: Board Recommendation
Board Recommendation KD Millions The Board of Directors CASH DIVIDEND has recommended the PAYOUT RATIO OF 54% distribution of 25 Þls per Total Cash Dividend Payout of KD 7.8 mn. share for FY2024* *Subject to shareholder approval at the upcoming Annual General Meeting of Shareholders. 6
Slide 7: Financial Review
Financial Review 7
Slide 8: FY24 Revenue: Contribution by Business Line
FYÕ24 Revenue: Contribution by Business Line FOOD REVENUE +5% NON-FOOD REVENUE +6.5% Vs.FYÕ23 Vs.FYÕ23 65.4% Share of of total Group 34.6% Share of of total Group Revenue Revenue 8
Slide 9: FY24 Revenue: Growth by Business Division
FYÕ24 Revenue: Growth by Business Division Vs.FYÕ23 Manufacturing FOOD &Distribution 53.9% of Group revenue +7.7% +5% Catering 5.9% of Group revenue -19.7% +5.5% Services 5.6% of Group revenue +14.9% NON-FOOD FMCG & +6.5% Healthcare 32.5% of Group revenue +7.6% Industrials 2.1% of Group revenue -9%
Slide 10: FY24 Revenue: Contribution and Growth by Country
FYÕ24 Revenue: Contribution and Growth by Country Top-line Contribution Vs.FYÕ23 Kuwait UAE Jordan* Qatar KSA 72.6% 13.4% 6.3% 5.4% 2.3% +6.2% +8.7% +32.5% -20.3% -10.9% * Includes the venture business in Iraq. 10
Slide 11: FY2024 P&L
FY2024 P&L KD Millions FYÕ24 FYÕ23 % Diff Revenue 286.1 271.2 5.5% Gross Margin 68.1 61.5 10.7% GM % 23.8% 22.7% SG&A / Other -45.7 -42.6 -7.2% Operating ProÞt 22.5 18.9 19.0% Other -6.2 -5.8 -8.9% Underlying ProÞt Before Tax 16.3 13.2 23.4% Tax -0.7 -0.4 -68.9% Underlying Net ProÞt 15.5 12.7 21.8% U
Slide 12: FY2024 Cashflow
FY2024 Cashflow KD Millions 2024 2023 Diff Operating Cashßow Before WC Changes 33.4 29.5 3.9 Working Capital / Other -14.9 -6.4 -8.5 Disciplined CAPEX management Operating Cashßow 18.5 23.1 -4.6 (KD 13.5mn) and debt oversight enhance cash flow, with Net Debt to EBITDA steady at 2.1x. Capital / Other
Slide 13: Balance Sheet as of Dec 31, 2024
Balance Sheet as of Dec 31, 2024 KD Millions Total Assets Equity Net Debt Net Debt to Capitalization KD Millions KD Millions KD Millions % 292.0 129.2 64.2 65.1 58.0% 281.2 59.1 50.0% 50.0% 272.1 120.0 119.5 53.0 267.5 44.0% 111.4 2021 2022 2023 2024 2021 2022 2023 2024 2021 2022 2023 2024 2021 2022
Slide 14: A note on debt levels (as of December 2024)
A note on debt levels (as of 31 December 2024) KD Millions The Net Debt/EBITDA ratio remained steady at 2.1x, reflecting disciplined financial management despite a KD 6.0 Mn YoY increase in Net Debt, higher CAPEX (+KD 6.5 Mn YoY), and dividend payouts (+KD 3.3 Mn YoY). 12.2 5.5 4.3 4.1 3.9 3.0 2.4 2
Slide 15: Q&A
Q&A 15
Slide 16: Investor Relations Contact
Investor Relations Contact Omar Fouda Investor Relations Manager omar.fouda@mezzan.com 16
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