Qatar Navigation Qsc · QSE:QNNS

Qatar Navigation Qsc — Qatar Navigation (Milaha) — FY2013 Earnings Presentation

13 slides from Qatar Navigation Qsc's earnings presentation, Mar 3, 2014

  1. Slide 1: FY 2013 Financials Conference Call

    FY 2013 Financials Conference Call Mar 3rd, 2014 Doha, Qatar 1

  2. 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

  3. Slide 3: FY 2013 vs FY 2012 - Comparison

    FY 2013 vs FY 2012 - Comparison (All amounts in QR 000’s, unless otherwise noted) 2013 2012 Variance OPERATING REVENUE 2,236,841 2,290,833 (53,992) Salaries, Wages & Benefits (580,136) (563,787) (16,349) Operating Supplies & Expenses (627,697) (772,567) 144,870 Rent Expense (55,710) (54,616) (1,094)

  4. 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 

  5. Slide 5: Consolidated Statement of Income, by Pillar – FY 2013

    Consolidated Statement of Income, by Pillar – FY 2013 (All amounts in QR 000’s, unless otherwise noted) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 833,981 597,485 177,654 281,202 610,196 - (263,677) 2,236,841 Salar

  6. Slide 6: Consolidated Statement of Income, by Pillar – FY 2012

    Consolidated Statement of Income, by Pillar – FY 2012 (All amounts in QR 000’s, unless otherwise noted) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 849,626 551,178 169,805 433,578 596,715 - (310,069) 2,290,833 Salar

  7. Slide 7: Pillar Performance

    Pillar Performance  -2% Revenue Decline and -10% Net Profit Decline vs 2012 o Revenue decline of QR (16)M attributable to: o Increased TEU volumes at the Port which boosted revenue o Large decrease in Container Shipping revenue due to rationalization of NVOCC destinations as well as loss of export

  8. Slide 8: Pillar Performance

    Pillar Performance  8% Growth in Revenues and 26%  5% Growth in Revenues and 1% Growth in Growth in Net Profit vs 2012 Net Profit vs 2012 o Increased vessel hires, particularly for o Operating Revenue up mainly from Harbor new vessels vessels that we have been taking possession o One-time operatio

  9. Slide 9: Pillar Performance

    Pillar Performance  -35% Decline in Revenues and -14%  2% Growth in Revenues and 32% Decline in Net Profit vs 2012 Growth in Net Profit vs 2012 o Reduced equipment sales due to large o Q1 2012 had QR 73M benefit from orders in 2012 liquidation of 1 fund, which did not o Bunker revenues declined, a

  10. Slide 10: Outlook

    Outlook  Overall outlook positive as infrastructure ramp up continues in Qatar in lead up to 2022 World Cup  Increased project support requirements  Increased trade volumes  Expect (hope?) ramp up to be gradual and sustained rather than patchy  Growth prospects strong for Ports, Container Feede

  11. Slide 11: Outlook

    Outlook  Market rates expected to improve slightly in some segments and hold steady in others (e.g. Platform Supply Vessels)  Expect to take delivery of 9 new vessels in 2014 (2 Anchor Handlers, 2 Construction Vessels, 3 PSVs, 1 Diving Vessel and 1 DP2 AHTS)  Expect strong revenue growth as a res

  12. Slide 12: Outlook

    Outlook  Broadly speaking, expect 2014 to be a stronger year than 2013  LNG: Limited fluctuation expected in returns from both jointly-owned LNG tankers and investment in Nakilat, due to long term nature of the contracts  Fully-owned product tankers expected to stay steady in the near term; newbu

  13. Slide 13: Outlook

    Outlook  Expect trucks (Hino) and heavy equipment  Significant capex planned for real estate sales to be the main drivers of growth in this development in 2014 segment  Expect 2 projects to be completed in 2014  Cater for growing project market in Qatar  Slight improvements expected in rental i

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