Agility Public Warehousing Co. K.S.C. · KSE:MKHZN
Agility Public Warehousing Co. K.S.C — Agility Public Warehousing Company — Q2 2019 Earnings Presentation
14 slides from Agility Public Warehousing Co. K.S.C's earnings presentation, August 2019
Slide 1: Agility Earnings Call Presentation
August 2019 Agility Earnings Call Presentation Second Quarter & First Half 2019 Results
Slide 2: Disclaimer
Disclaimer This presentation is strictly confidential and is being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose. This presentation has been prepared by Agility Public Ware
Slide 3: Agenda
Agenda 1 Financial Highlights 2 Business Segments 3 Q&A 3
Slide 4: Q2 2019 highlights
Q2 2019 highlights • Solid growth during macroeconomic uncertainties and weak freight forwarding market conditions • Good performance across all key entities in line with their 2019 targets • GIL reported good results and continues to implement its strategy to drive operational efficiency • Agility’
Slide 5: Q2 2019 Group financial performance
Q2 2019 Group financial performance KD Mn Solid growth across all key businesses Revenue Net Revenue +12.1 +4.8 (3.2%) (+3.9%) 384.2 396.3 124.3 129.1 1.0 IFRS 16 Impact Margin Margin 32.4% 32.6% Q2 2018 Q2 2019 Q2 2018 Q2 2019 EBITDA Net Profit +11.6 +1.6 (+31.2%) (+8.1%) 48.6 21.6 6.9 IFRS 16 Impa
Slide 6: 1H 2019 Group financial performance
1H 2019 Group financial performance KD Mn Solid growth across all key businesses Revenue Net Revenue +19.1 +4.1 (2.5%) (+1.6%) 756.0 775.0 248.9 253.0 1.6 IFRS 16 Impact Margin Margin 32.9% 32.7% 1H 2018 1H 2019 1H 2018 1H 2019 EBITDA Net Profit +20.2 +3.0 (+27.0%) (+7.7%) 95.0 41.9 13.9 IFRS 16 Imp
Slide 7: 1H 2019 Group financial performance
1H 2019 Group financial performance KD Mn Revenue contribution by Business Group EBITDA contribution by Business Group Pre-IFRS 0.0% +7.4% +8.3% Y-o-Y +69.5% +14.7% +27.0% -1.9% +15.7% +1.9% Growth 756.0 775.0 95.0 10.5 29.6 8.5 28.4 74.8 11.7 (30%) 16.8 556.9 GIL 567.4 (22%) GIL (72%) (75%) 66.5 58
Slide 8: Balance Sheet
Balance Sheet KD Mn Maintaining a strong balance sheet Balance sheet 1H 2019 1H 2018 Variance v/s 2018 • Healthy balance sheet, with Current assets 568.5 546.2 22.3 ability to leverage future Non-Current assets 1,398.6 1,203.7 194.9 growth Total assets 1,967.1 1,749.9 217.2 Current liabilities 511.5
Slide 9: Statement of Cash Flows
Statement of Cash Flows KD Mn Investing in the business to capture profitable growth opportunities CAPEX Allocation Cash Flow Statement 1H 2019 1H 2018 Variance % 325 Cash from Operating activities before 96.7 77.1 19.6 25.4% changes in working capital 18.9% 100 Changes in working capital -43.7 -35.
Slide 10: Business Segments
Business Segments Agility
Slide 11: GIL financial performance – Q2 2019
GIL financial performance – Q2 2019 KD Mn Financial Highlights Regional Revenue Contribution (% & absolute) -2.6% 0.8% 289.3 291.7 22% 20% 281.9 (62.4) Growth -8.6% (57.0) AME Revenue 32% 32% EUR (91.4) 0.1% (91.4) ASP MEA 33% 32% (95.6) -6.8% (89.1) Q2 2018 Q2 2019 1H 2019 @ CC 14% 16% (40.0) 11.0%
Slide 12: Infrastructure Group financial performance – Q2 2019
Infrastructure Group financial performance – Q2 2019 KD Mn Solid performance across all key entities +19.5 (+20.6%) 114.4 Q2 2018 94.8 Q2 2019 +5.0 (+18.2%) 1 Includes Corporate & Adjustments 32.8 27.7 Revenue EBITDA1 Revenue growth Y/Y 15.0% 23.2% -2.3% 1.6% 12.0% Development and Transport, storage
Slide 13: IFRS 16: Major impacts on 1H 2019 Numbers
IFRS 16: Major impacts on 1H 2019 Numbers KD Mn P&L Revenue - No change Decreased as lease expenses are recognized as COGS - 1.6 depreciation and interest costs Decreased as lease expenses are recognized as SGA - 12.3 depreciation and interest costs EBITDA + 13.9 Increased due to lower lease expense
Slide 14: Q&A Session
Q&A Session 14
Agility Public Warehousing Company — Q2 2019 Earnings Presentation on 6ix