Quest Holdings Sa · ATHEX:QUEST
Quest Holdings Sa — H1 2022 Earnings Presentation
29 slides from Quest Holdings Sa's earnings presentation, 2022
Slide 1: Corporate IR Presentation
Corporate IR Presentation Based on 6M 2022 Financial Results
Slide 2: 6M 2022 Results
01.6M 2022Results Overview Financial Performance Outlook 2
Slide 3: Quest Group at a Glance (6M 2022)
Quest Group at a Glance (6M 2022) ▪ €479m Revenues 30 Countries 41 years 2.383 ▪ €35m EBITDA International Activity (est. in 1981) Headcount ▪ €27m EBT ( ~19% of revenue) ▪ €219m Equity Active in : Revenues Track Record 2018 -2022 ▪ Commercial Activities1 € 322m ▪ Revenue CAGR 20% ▪ IT Services € 84
Slide 4: 6M 2022 Highlights
Quest Group 1 Consolidated Sales οn Continued Operations : +12,2%, Ebitda +9,5%, EBT +4,7% 6M 2022 Highlights 2 Dividend distribution of ~ €61m (€0,57/ share) completed in February and June 2022 Increasing demand in IT services, with significant growth and significant future 3 expectations in the re
Slide 5: P&L (6M 2022)
P&L (6M 2022) Amounts in ,000 € 6M 2022 YoY % YoY % 6M 2021 Explanations/Clarifications: Continued Discontinued Cont. Continued Discontinued Total Operat. Total Total Operations operations Operations operations ▪ Sales growth was primarily driven by Commercial Activities division which Sales 478.755
Slide 6: P&L (6M 2022)
P&L (6M 2022) Amounts in ,000 € EBITDA 50.000 12,0% 9,9% 8,8% 8,9% 8,8% 7,2% 10,0% 40.000 2022 VS 2018 8,0% 30.000 6,0% +71% 20.000 39.251 4years CAGR SALES 34.510 4,0% 600.000 10.000 20.218 25.645 27.146 2,0% +14% 500.000 2022 VS 2018 - 0,0% +108% 400.000 2018 2019 2020 2021 2022 4years CAGR 300.00
Slide 7: Balance sheet (6M 2022)
Balance sheet (6M 2022) Amounts in ,000 € Group Balance Sheet 6M 2022 12M 2021 Tangible & intangible assets 119.731 110.354 Right-of-use assets 26.805 18.669 Goodwill 20.152 19.350 Other 40.179 26.865 Non-current assets 206.867 175.238 Inventories Trade & other receivables 84.201 177.463 56.618 188.
Slide 8: Cash Flow (6M 2022)
Cash Flow (6M 2022) Amounts in ,000 € Group Cash Flow 6M 2022 6M 2021 EBT 27.385 30.384 Depreciation/Amortization 5.408 7.744 Interests Expense / (income) 3.169 3.241 WoC (Change in Inventories, Receivables, Payables) (24.243) (42.752) Tax paid (1.215) (7.244) Other operating activities (4.364) (5.0
Slide 9: Quarterly results
Quarterly results Amounts in ,000 € Q1 2022 YoY % Q1 2021 Q2 2022 YoY % Q2 2021 6M 2022 YoY % 6M 2021 Sales 238.084 10,2% 216.018 240.699 4,0% 231.434 478.783 7,0% 447.451 EBITDA 16.878 -8,1% 18.368 17.632 -15,6% 20.882 34.510 -12,1% 39.251 % sales 7,1% 8,5% 7,3% 9,0% 7,2% 8,8% EBIT 14.249 -1,4% 14.
Slide 10: Quarterly results (Continued operations)
Quarterly results (Continued operations) Amounts in ,000 € Q1 2022 YoY % Q1 2021 Q2 2022 YoY % Q2 2021 6M 2022 YoY % 6M 2021 Explanations/Clarifications: Sales 238.057 16,1% 205.028 240.699 8,7% 221.521 478.755 12,2% 426.549 ▪ 2021 H1 was positively affected EBITDA 16.910 18,4% 14.282 17.632 2,2% 17
Slide 11: Commercial Activities Segment
Commercial Activities Segment* Info/Overview 6M Financial Results ▪ Largest distributor of H/W and S/W products in Greece Amount in ,000€ 6M 2022 YoY % 6M 2021 ▪ €618m revenue in 2021 Sales 322.285 16% 278.267 ▪ 40%+ of ICT distribution Market in Greece ▪ Certified Greek partner of major internation
Slide 12: IT Services Segment
IT Services Segment Info/Overview 6M Financial Results ▪ Leading IT integrator in domestic market ~ 20% M. Share Amount in ,000€ 6M 2022 YoY % 6M 2021 ▪ €153m revenue in 2021 Sales 84.474 10% 76.622 ▪ 30+ countries of operations EBITDA 8.423 35% 6.248 ▪ ~50% International revenues % sales 10,0% 8,2%
Slide 13: Courier & Postal Segment
Courier & Postal Segment Info/Overview 6M Financial Results ▪ Largest Local Courier operator in Greece (~ 24% Μ. Share ) Amount in ,000€ 6M 2022 YoY % 6M 2021 ▪ €135m revenue in 2021 Sales 66.633 0% 66.739 ▪ Leading Alternative Postal Operator in Greece (~6% Μ. Share) EBITDA 10.754 1% 10.645 ▪ 60+m
Slide 14: Renewable Energy Segment & Other
Renewable Energy Segment & Other Info/Overview 6M Financial Results ▪ €9,3m revenue in 2021 due to 2019-2020 investments Amount in ,000€ 6M 2022 YoY % 6M 2021 ▪ Quest Energy owns 23 photovoltaic parks of > 34MW Sales 5.364 9% 4.921 power (by Q3 2022) EBITDA 3.825 -3% 3.949 ▪ Quest Holdings(QH): Pare
Slide 15: Segment Contribution in Sales & Ebitda (6M 2022)
Segment Contribution in Sales & Ebitda (6M 2022) Amounts in ,000 € Commercial Courier & Electronic IT Services Energy & Other Payments Total Group Activities Postal Discontinued Operations 322.285 84.474 66.633 5.364 27 17,6% 13,9% 1,1% 0,0% Sales 67,3% 478.783 11.541 8.423 10.754 3.825 -32 11,1% -0
Slide 16: Segment Analysis 6M 2022
Segment Analysis 6M 2022 Amounts in ,000 € Discontinued 6M 2022 (€ x 1.000) Commercial Activities ΙΤ Services Courier & Postal Renewable Energy Unallocated Continued operations Total operations Total gross segment sales 364.952 84.933 67.119 5.238 325 522.567 27 522.594 Inter-segment sales (42.667)
Slide 17: 2022 Outlook
Group Outlook For the FY 2022, a mild growth in sales and a compression of profit margins which will lead to a 1 profitability at the same levels of 2021 is estimated. Current outlook assumes that there will be 2022 Outlook no further deterioration of the economy, the war in Ukraine, the inflation i
Slide 18: Appendix
02. Appendix Other Corporate info More Financial Data 18
Slide 19: Quest Group at a Glance (12M 2021)
Quest Group at a Glance (12M 2021) ▪ €948m Revenues 30 Countries 40 years 2.329 ▪ €76m EBITDA International Activity (est. in 1981) Headcount ▪ €136m EBT ( ~19% of revenue) ▪ €259m Equity Active in : Revenues Track Record 2017 -2021 ▪ Commercial Activities1 € 618m ▪ Revenue CAGR 21,4% ▪ IT Services
Slide 20: Segment Analysis 12M 2021
Segment Analysis 12M 2021 Amounts in ,000 € Discontinued 12M 2021 (€ x 1.000) Commercial Activities ΙΤ Services Courier & Postal Renewable Energy Unallocated Continued operations Total operations Total gross segment sales 691.438 154.859 137.566 9.255 510 993.628 31.948 1.025.576 Inter-segment sales
Slide 21: Operating Model
Operating Model INVESTMENT IN HAND’S ON MAJORITY SHAREHOLDER DIVERSIFIED PORTFOLIO MARKET LEADERS MANAGEMENT number Acquire and hold Subsidiaries are market Actively involved in Mitigate risk by controlling stakes in leaders in promising subsidiaries’ investing in different corporate assets sectors
Slide 22: Value Created to Investors
Value Created to Investors 7 2.900 Quest share value (€) Market Cap* 6 2.400 € 461m 5 General Index 1.900 4 Aggregate Capital Return/ Dividends to the Shareholders 3 (2018-2022) ** 1.400 2 € 97m 900 1 400 0 2017 2018 2019 2020 2021 2022 RoE (=EBT/Total Equity) 60,0% 40,0% Free Float 52,6% 24,73% The
Slide 23: Resilience in challenging times
Resilience in challenging times Amounts in million € 1000 Sales 800 Market Cap 948 900 700 800 700 600 721 600 500 600 500 400 498 400 436 388 300 300 353 295 315 200 200 283 100 100 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 2022 EBITDA 180 Capital Return 80 76 158
Slide 24: Growth Drivers
Growth Drivers Mobility Cloud & IoT E-Commerce International Markets Commercial Networks Renewable Energy M&A Inorganic Growth 24
Slide 25: Quest Holdings BoD
Quest Holdings BoD Theodore Fessas Eftichia Koutsoureli Apostolos Georgantzis Markos Bitsakos Nikolaos Labroukos Ioanna Dretta President –Exec. Member Non-Exec. Member Exec. Member Exec. Member Exec. Member Independent Non-Exec. Member Founder and major Shareholder and CEO of Quest Holdings Deputy C
Slide 26: Corporate Governance
Corporate Governance ▪ The management and operation of the Quest Group is based Goals on a modern, dynamic and flexible Corporate Governance By applying the core principles of Corporate Governance, the model. company has set the following goals: ▪ Group Corporate Governance: ✓ Is in line with Greek
Slide 27: Sustainability & ESG Strategy
Sustainability & ESG Strategy ▪ Sustainable Development is a strategic focus for Quest Group committed to supporting the 17 UN Sustainable Development Goals. ▪ The Group publishes an Annual Sustainable Development Report since 2014 which complies with the GRI Standards (Global Reporting Initiative),
Slide 28: Disclaimer
Disclaimer ▪ This document might contain estimations and forward-looking statements relating to the Group’s future business, development and economic performance. It also includes statements from sources that have not been independently verified by the Company. ▪ Such statements may be subject to a
Slide 29: Thank you
Thank you To receive our news subscribe to out newsletter here: www.quest.gr/en/Subscribe-to-newsletter or e- mail us at: ir@quest.gr