Asbisc Enterprises Plc · GPW:ASB
Asbisc Enterprises — Q4 2020 Earnings Presentation
20 slides from Asbisc Enterprises's earnings presentation, 2021
Slide 1: Year 2020! The Best Year Ever! Until the Next One!
YEAR 2020! THE BEST YEAR EVER! UNTIL THE NEXT ONE! Q4 2020 RESULTS
Slide 2: 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
Slide 3: ASBIS Q4 2020
ASBIS Q4 2020 Subsidiaries 20 000 1 837 in 27 ACQUSITION active customers DIVIDENDemployees countries in 56 countries Revenue 2 23 000 $ 866 m Distribution products centers in portfolio 20 B2B e-shops Over 60% 240 Online trasactions 5 B2C e-commerce vendors 3
Slide 4: ASBIS APR Investments
ASBIS APR INVESTMENTS ASBIS is an authorized distributor of Apple products in 11 countries of the Former Soviet Union (with the exception of Russia) including: ACQUSITION DIVIDEND • Ukraine, • Belarus, • Kazakhstan, • Georgia, • Armenia, • Azerbaijan, • Kyrgyzstan, • Uzbekistan, • Moldova • Turkmeni
Slide 5: ASBIS Own Brands
ASBIS OWN BRANDS ACQUSITION DIVIDEND Wide range of consumer electronics for Canyon is a dynamic lifestyle worldwide Perenio IoT is an innovative company that home, education and business – over 25 brand that offers a wide range of stylish and develops and manufactures building control million device
Slide 6: Financial Overview
FINANCIAL OVERVIEW Q4 AND 12M 2020 FINANCIAL RESULTS FY 2021 OUTLOOK UPGRADED AND DELIVERED GUIDANCE 6
Slide 7: Q4 2020 Key Events
Q4 2020 KEY EVENTS SPLENDID Excellent revenue estimates for October – December 2020 with November – the MONTHLY DATA STRONG REVENUES GROSS PROFIT first ever month to exceed the USD 300 million in revenues. MONTHLY DATA US$ 571.0 million DIVIDEND US$ 29.3 million ❑ ASBIS enters the application delive
Slide 8: Q4 2020 Superb Quarter
Q4 2020 SUPERB QUARTER Q4 2020 Financial Highlights Annual Revenue, $M STRONG MONTHLY DATA US$ 571.0 million DIVIDEND US$ 29.3 million % +24 REVENUES US$ 866 million GROSS PROFIT US$ 54.8 million + 5 . 4 % Yo Y + 11 % Yo Y 2 070 1 915 2 366 1 485 1 138 + 3 0 % Yo Y + 5 8 % Yo Y 2016 2017 2018 2019 2
Slide 9: Q4 2020 Dynamic Growth in All Major Regions
Q4 2020 DYNAMIC GROWTH IN ALL MAJOR REGIONS ▪ FSU region with a strong 28% REVENUES BY REGIONS (%) YoY growth, contributes the STRONG REVENUES GROSS PROFIT majority of Group revenues in US$ 571.0 million 10 % DIVIDEND MONTHLY DATA US$ 29.3 million Q4‘20. 11 % ▪ Robust growth achieved in + 5 . 4 % Yo
Slide 10: 12M 2020 Top Countries in Revenues vs 12M 2019
12M 2020 TOP 10 COUNTRIES IN REVENUES vs 12M 2019 REVENUES BY COUNTRIES (US$ m) ▪ Russia with revenues of STRONG REVENUES GROSS PROFIT US$ 434.3 m remained 500 DIVIDEND no. 1 country MONTHLY while DATA US$ 571.0 million US$ 29.3 million Ukraine followed. 375 + 5 . 4 % Yo Y + 11 % Yo Y ▪ Kazakhstan r
Slide 11: Q4 2020 High Demand for Multiple Product Lines
Q4 2020 HIGH DEMAND FOR MULTIPLE PRODUCT LINES ▪ Strong smartphones business driven by REVENUES BY LINES (US$ m) successful launch of the STRONG REVENUES 900 GROSS PROFIT new Apple iPhone 12 MONTHLY DATA US$ 571.0 million DIVIDEND US$ 29.3 million models. 675 + 5 . 4 % Yo Y ▪ Significant market shar
Slide 12: Q4 2020 Best Ever Quarterly Results
Q4 2020 BEST EVER QUARTERLY RESULTS ▪ Strong growth in top-line US$ m Q4‘20 Q4‘19 YoY and gross profit. STRONG REVENUES Revenue GROSS 865.8 PROFIT 664.0 30% MONTHLY DATA GrossUS$ profit 571.0 million 54.8 DIVIDEND US$ 29.3 34.8 million 58% ▪ Gross profit margin at Gross profit margin 6.33% 5.24% +1.
Slide 13: Q4 2020 the Highest Ever Gross Profit Margin
Q4 2020 THE HIGHEST EVER GROSS PROFIT MARGIN SG&A as % of SALES CONTINUED TO DECREASE ▪ Gross profit margin skyrocketed to 6.33% in Q4’20. GROSS PROFIT MARGIN (%) STRONG REVENUES GROSS PROFIT ▪ In Q4‘20 grossMONTHLY profit margin DATA US$8,0571.0 % million DIVIDEND US$ 29.3 million continued a posit
Slide 14: Extraordinary 12M 2020 Results
EXTRAORDINARY 12M 2020 RESULTS ▪ Top line hit a record high US$ m 12M‘20 12M‘19 YoY of US$ 2,366.4 m. STRONG REVENUES Revenue GROSS 2,366.4 PROFIT 1,914.9 24% MONTHLY DATA GrossUS$ profit 571.0 million 138.3 DIVIDEND US$ 29.3 104.1 million 33% ▪ Gross profit margin Gross profit margin 5.84% 5.44% +0
Slide 15: Indebtedness at Safe Level
INDEBTEDNESS AT SAFE LEVEL ▪ Strong increase in cash position US$ m 12M’20 12M’19 YoY in seasonally NWC intensive STRONG REVENUES Short term borrowings GROSS53.0 80.9 PROFIT 53% quarter. (no factoring) MONTHLY DATA US$ Factoring 571.0 million creditors 80.1 DIVIDEND US$ 29.3 54.2million 48% Short te
Slide 16: Cash Engaged in Working Capital
CASH ENGAGED IN WORKING CAPITAL ▪ High revenue growth resulted in NET WORKING CAPITAL (US$ m) the need to involve more cash STRONG REVENUES GROSS PROFIT into working capital. DIVIDEND MONTHLY DATA US$10% NWC: 571.0 million of sales US$ 29.3 NWC: 8% ofmillion sales 278 296 266 ▪ Capex comprises of ou
Slide 17: 2020 Upgraded Guidance Delivered
2020 UPGRAGED GUIDANCE DELIVERED REVENUE STRONG REVENUES Between US$ 2.0bnGROSS PROFIT and US$ 2.2bn MONTHLY DATA US$ 571.0 million DIVIDEND US$ 29.3 million C E + 11 % Yo Y N UPGRADED NET Between US$ 32.0m and US$ 34.0m INCOME A D ( Originally: between US$ 18.0m and US$ 20.0m) ~70% U ID R E G IVE A
Slide 18: Key Drivers of 2021
KEY DRIVERS OF 2021 SUSTAIN THE The Company aims to retain its strong market position and strengthen its BUSINESS WITH APPLE STRONG REVENUES relationships with customers and suppliers. GROSS PROFIT MONTHLY DATA US$ 571.0 million US$DIVIDEND 29.3 millionof large The Company expects to focus on the ac
Slide 19: Shareholder Structure / ASBIS on the WSE in 2020
SHAREHOLDER STRUCTURE/ ASBIS ON THE WSE IN 2020 Number of shares % of share capital & votes & votes STRONG 36,83 % KS Holdings Ltd *REVENUES GROSS PROFIT 20,443,127 36.83% MONTHLY DATA US$ 571.0 million Treasury shares DIVIDEND US$ 29.3 million 325,389 0.59% 62,58 % Free-float 34,731,484 62.58% 0,59
Slide 20: Contact details
Tziamalis Constantinos phone: +357 25857188 email: costas@asbis.com Bartosz Basa phone: +48 691 910 760 email: b.basa@asbis.com HEADQUARTERS 43, Kolonakiou Street, Diamond Court, 4103 Ayios Athanasios Limassol – Cyprus, Phone: + 357 2 5857 101, www.asbis.com