Gulf International Services Qsc · QSE:GISS
Gulf International Services Qsc — Gulf International Services — Q1 2022 Earnings Presentation
31 slides from Gulf International Services Qsc's earnings presentation, Mar 31, 2022
Slide 1: Gulf International Services Investor Relations Presentation
CLASSIFICATION: C0 - NON-CONFIDENTIAL Gulf International Services Investor Relations Presentation 31 March 2022
Slide 2: Disclaimer
CLASSIFICATION: C0 - NON-CONFIDENTIAL DISCLAIMER The companies in which Gulf International Services Q.P.S.C. directly and indirectly owns investments are separate entities. In this presentation, “GIS” and “the Group” are sometimes used for convenience in reference to Gulf International Services Q.P.
Slide 3: Table of Content
CLASSIFICATION: C0 - NON-CONFIDENTIAL TABLE OF CONTENT 1. About GIS 2. Group Structure 3. Board of Directors 4. Competitive advantages 5. Results at a Glance (2014 – 2021) 6. Results at a Glance (For the three-month period ended 31 March 2022) 7. Segmental details 8. Governance structure Gulf Intern
Slide 4: About GIS
CLASSIFICATION: C0 - NON-CONFIDENTIAL About GIS
Slide 5: About GIS
CLASSIFICATION: C0 - NON-CONFIDENTIAL About GIS • Gulf International Services Q.P.S.C. was • The authorized share capital is QR 2 billion with incorporated as a Qatari joint stock an issued share capital consisting of 1.85 Billion company on February 12, 2008. ordinary shares and 1 special share, wi
Slide 6: Group Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Group Structure • Through group companies, Gulf International Services operates in four distinct segments - insurance and reinsurance, drilling, helicopter transportation and catering services. • QatarEnergy owns 10% of GIS shares, and General Retirement and Soc
Slide 7: Board of Directors
CLASSIFICATION: C0 - NON-CONFIDENTIAL Board of Directors The Board of Directors of the group consists of: Sheikh Khalid bin Khalifa Al Thani Chairman Mr. Saad Rashid Al-Muhannadi Mr. Ghanim Mohammed Al Kuwari Vice Chairman Member Mr. Ali Jaber Hamad Al-Marri Sheikh Jassim Abdulla Al-Thani Member Mem
Slide 8: Competitive Advantages
CLASSIFICATION: C0 - NON-CONFIDENTIAL Competitive Advantages • The only Qatari drilling • Sole provider of oil & gas services provider. helicopter services in Qatar • Maintaining market share of • One of the largest operator over 50% of offshore and in the MENA. 100% on shore oil & gas • Modern and
Slide 9: Results at a glance (2014-2021)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a glance (2014-2021)
Slide 10: Results at a Glance (2014-2021)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance (2014-2021) Revenue (QR million) Net profit (QR million) • Revenue peaked in 2015 with overall trajectory remained in line with cyclical movements in crude oil prices • Net profit dropped after the peak in 2014, due to overall movements in re
Slide 11: Results at a glance (three-month period ended 31 March 2022)
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a glance (For the three-month period ended 31 March 2022)
Slide 12: Results at a Glance
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance For the three-month period ended 31 March 2022 Revenue (QR million) 1Q-22 vs 1Q-21: Revenue growth from aviation, drilling and catering segments led to an overall increase in the Group revenue. This was partially offset by a negative growth i
Slide 13: Results at a Glance
CLASSIFICATION: C0 - NON-CONFIDENTIAL Results at a Glance For the three-month period ended 31 March 2022 Cash Balance (including Short- Term investments - QR million) Cash balance improved compared to last year-end. Total Debt (QR million) Total debt remained unchanged compared to last year-end. GDI
Slide 14: Net Profit
CLASSIFICATION: C0 - NON-CONFIDENTIAL Net Profit For the three-month period ended 31 March 2022 Amounts reported in QR’ millions Profitability improved mainly due to the overall increase in revenues and growth noted in investment income. This was partially offset by increase in direct costs and gene
Slide 15: Segmental Details
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details
Slide 16: Segmental Details: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Drilling Segment ▪ Gulf Drilling International (GDI) incorporated in 2004 as a joint venture between QatarEnergy (60%) and Japan Drilling Company (40%). ▪ In 2014, GIS acquired the remaining stake of GDI, resulting in GDI becoming a wholly owne
Slide 17: Segmental Details: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the three-month period ended 31 March 2022 Drilling Segment Revenue • 1Q-22 vs 1Q-21: revenue up by 62%, mainly due to QR million redeployment of two suspended onshore rigs during 3Q- 21, application of new rig day-rates for the offshore fl
Slide 18: Segmental Details: Drilling Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the three-month period ended 31 March 2022 Drilling Segment 1 Rig utilization (%) • Rig utilization improved, mainly due to GDI 5 and 7 being re-deployed in addition to Rumailah being on contract. Revenue Mix QR 198 m QR 321 m • Offshore op
Slide 19: Segmental Details: Aviation Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Aviation Segment ▪ Gulf Helicopter Company (GHC) is one of the leading commercial aviation service provider. With global footprints extending from Europe , Africa, Middle East, and South Asia with a fleet of 59 aircrafts; ▪ GHC has 3 Direct sub
Slide 20: Segmental Details: Aviation Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the three-month period ended 31 March 2022 Aviation Segment Revenue • 1Q-22 vs 1Q-21: increase was mainly attributed to higher QR million flying hours, coupled with growth in revenue noted across all the operations. • 1Q-22 vs 4Q-21: segmen
Slide 21: Segmental Details: Aviation Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the three-month period ended 31 March 2022 Aviation Segment Actual Flying hours • 1Q-22 vs 1Q-21: Aviation segment continue to witness improved performance with better flying activity within both domestic and international operations on acc
Slide 22: Segmental Details: Insurance Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Insurance Segment ▪ Alkoot insurance, incorporated in 2003, is mainly engaged in business of medical and general insurance and reinsurance activities, except for vehicle insurance & individual insurance against risk of death and accidents. ▪ In
Slide 23: Segmental Details: Insurance Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the three-month period ended 31 March 2022 Insurance Segment • 1Q-22 vs 1Q-21: Decline in revenue was mainly linked Revenue to loss of two insurance contracts within medical line of QR million business. This decline was partially offset by
Slide 24: Segmental Details: Insurance Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the three-month period ended 31 March 2022 Insurance Segment Actual claims incurred • 1Q-22 vs 1Q-21: Actual claims incurred down on last (QR ‘millions) year, mainly due to decrease in medical insurance claims. • 1Q-22 vs 4Q-21: Actual clai
Slide 25: Segmental Details: Catering Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details Catering Segment ▪ Amwaj Catering Services Company, incorporated in 2006 as a wholly-owned subsidiary of QatarEnergy ▪ Amwaj was subsequently acquired by GIS in 2012. ▪ Amwaj Provides diverse services which include: • Business & Industrial cate
Slide 26: Segmental Details: Catering Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the three-month period ended 31 March 2022 Catering Segment • 1Q-22 vs 1Q-21: Revenue increase was mainly due to Revenue the growth in revenue within the manpower segment, QR million on the back of realizations from a new contract won durin
Slide 27: Segmental Details: Catering Segment
CLASSIFICATION: C0 - NON-CONFIDENTIAL Segmental Details For the three-month period ended 31 March 2022 Catering Segment Revenue mix QR 86 m QR 113 m • Manpower and catering businesses continue to remain key contributors to segmental revenues. Gulf International Services, Investor Relations Presentat
Slide 28: Governance Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Governance Structure
Slide 29: Governance Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Governance Structure Board Structure Governance and Compliance • GIS Board of Directors consists of seven • GIS is firmly committed to implementing the (7) Directors, three (3) Directors of whom principles of good governance set out in the were appointed by the
Slide 30: Governance Structure
CLASSIFICATION: C0 - NON-CONFIDENTIAL Governance Structure Remuneration • Board of Directors Disclosure and Transparency • The Company has developed a periodically • The Board ensures that all disclosures are made in revisited remuneration policy for Board accordance with the requirements set by reg
Slide 31: For further information, Gulf International Services can be contacted
CLASSIFICATION: C0 - NON-CONFIDENTIAL For further information, Gulf International Services can be contacted as follows: Telephone: (974) 4013 2088 Fax: (974) 4013 9750 Email: gis.investorrelations@qatarenergy.qa or gis@qatarenergy.qa Address: P.O. Box 3212, Doha, State of Qatar Please refer to www.g
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