Rasan Information Technology Co. · TADAWUL:8313
Rasan Information Technology — H1 2025 Earnings Presentation
24 slides from Rasan Information Technology's earnings presentation, Aug 6, 2025
Slide 1: Rasan's Earnings Call H1 2025
Rasan’s Earnings Call H1 - 2025 August 6th, 2025
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain statements that are forward-looking statements. They appear in a number of places throughout this presentation and include statements regarding the intentions, beliefs and/or current expectations of Rasan Information Technology Co (“Rasan” or the “Compan
Slide 3: Agenda
01 | Opening remarks 02 | Business Update AGENDA 03 | Financial Performance 04 | FY2025 Guidance 05 | Q&A 3
Slide 4: Opening Remarks
OPENING REMARKS
Slide 5: Twelve Months of Execution, Exceeding Our IPO Promise
Twelve Months of Execution, Exceeding Our IPO Promise Key Milestones Since IPO1: ~2x Revenue Increase ~3x Increase in Adj. EBITDA and 150bps+ EBITDA Margin Accretion 7 New Products Launched ~2.5x Increase in Market Capitalization2 (1) 1H25 vs. 1H24 (being the pre-IPO period); (2) Current market capi
Slide 6: Delivering on our strategic roadmap
Delivering on our strategic roadmap Product Technology Industry Regulatory Innovation Leadership Evolution Alignment 7 new insurance Unified & enhanced +50 new commercial & Regulatory-first verticals user experience strategic partnerships approach to support sector development Radical improvement Re
Slide 7: Strong financial momentum across our business lines since IPO
Strong financial momentum across our business lines since IPO % revenue growth H1 YoY +61% +157% +62% +81% Motor Retail Motor Leasing Health Other Products 88% cumulative revenue growth YoY 7
Slide 8: Consistent outperformance vs. guidance provided at IPO
Consistent outperformance vs. guidance provided at IPO REVENUE GROWTH (YOY, %) GROSS PROFIT MARGIN (%) ADJ. EBITDA MARGIN (%) 88% 72% 67% 60% 60% 38% 40% 32% 40% 26-31% 30% 25-30% 2024 1H25A 2024 1H25A 2024 1H25A Guidance at IPO Actual 2024 / Actual 2025-H1 8
Slide 9: Multiple avenues of growth going forward
Multiple avenues of growth going forward 2025 2026+ Revenue Revenue Product innovation and transformation 3X market growth supported by Government and regulatory objectives Mix change driven by increased protection demand Increased awareness and regulatory enforcement Development of ecosystem of adj
Slide 10: Business Update
BUSINESS UPDATE
Slide 11: KSA insurance market continues a healthy growth
KSA insurance market continues a healthy growth KSA Insurance Market Gross Written Premium (BN SAR) Insurance Main growth drivers in 2025 product 85-90 +16% Life • Awareness, Access (bancassurance drive, digital) 76 Other • Demand for improved protection, New lines, Regulatory 65 General enforcement
Slide 12: Strengthening and accelerating the Motor portfolio
Strengthening and accelerating the Motor portfolio Motor Retail Motor Leasing +4p.p. +96% +34% +157% YoY YoY YoY Revenue growth YoY +61% Renewal Comprehensive TPL YoY Continued model rate GWP GWP innovation Revenue § Increased cooperation § Enhanced upselling § Effectiveness of § Reaffirmed long-ter
Slide 13: Innovating consistently in Health
Innovating consistently in Health Health New avenues of Increase +62% convenience customization and YoY selection of benefits Revenue growth § +11p.p. renewal rate Innovate to protect the Enable other players in buyer, employees and § +33% Total GWP the market dependents § ~18X YoY growth in GWP for
Slide 14: Building a one-stop-shop for insurance products
Building a one-stop-shop for insurance products Motor Health Other General Life Medical Protection & Motor Retail 2017 Health SME 2019 2024 2025 Malpractice Savings Domestic Motor Leasing 2020 Helpers 2024 Travel 2024 Health Financial Services (Coming soon) Health Domestic Motor Fleets 2025 Corporat
Slide 15: Financial Performance
FINANCIAL PERFORMANCE
Slide 16: H1 2025: Financial Highlights
H1 2025: Financial Highlights Revenue Volumes GWP 245 MM +23% Motor Retail +33% Motor Leasing ~3.5 B 88% Y-o-Y +71% 28% Y-o-Y Health Gross Profit Adj. Net Profit Operating Cashflow 176 MM 84 MM 102 MM +127% Y-o-Y +357% Y-o-Y 37% Y-o-Y ORGANIC GROWTH AND ENHANCING PROFITABILITY Note: GWP= Gross
Slide 17: H1 2025 Summary P&L: Strong performance across the board
H1 2025 Summary P&L: Strong performance across the board Million H1 2024 H1 2025 YoY Var Revenue 130 245 88% Gross Profit 77 176 127% Gross Profit Margin 59.4% 72.0% 12.6p.p. Opex 56 101 81% Adj. EBITDA1 29 92 218% Adj. EBITDA Margin 22.2% 37.6% 15.4p.p. Adj. Net Profit1 18 84 357% 1. Adjusted EBI
Slide 18: Solid growth and continued product diversification
Solid growth and continued product diversification Revenue MM ü Rasan delivered record revenue +88% growth of 88% YoY 245 +3% ü The performance was underpinned 130 by continued growth in motor 121 124 retail, upgrades in motor leasing business model, strong growth in Q1 2025 Q2 2025 H1 2024 H1 202
Slide 19: Solid and attractive gross profit as a result of an efficient cost base
Solid and attractive gross profit as a result of an efficient cost base Gross Profit and Margin MM, % ü Rasan continued to deliver strong 71% 73% 59% 72% profitability in the first half of 2025, with gross profit increasing +127% by 127% year-on-year to SAR 176.2 million +5% 176 86 90 77 ü Gross p
Slide 20: Resilient and growing Adj. EBITDA
Resilient and growing Adj. EBITDA Adj. EBITDA1 evolution and Margin MM, % ü Adjusted EBITDA rose by 218% 30% 45% 22% 38% YoY to 92.1 million in H1 2025, with an adjusted EBITDA margin +218 of 37.6%, up from 22.2 % in the first half of 2024 +56% 92 56 36 29 ü This strong performance reflects stron
Slide 21: High conversion rate from Adj. EBITDA to Adj. Net profit
High conversion rate from Adj. EBITDA to Adj. Net profit Adj. Net Profit and Margin MM, % 27% 41% 14% 34% ü Adjusted net profit reached 83.6 million in H1 2025, +357% representing an increase of 357% 84 YoY +60% 51 32 ü High conversion rate of Adj. 18 EBITDA to Adj. Net Profit due to: | Controlle
Slide 22: FY 2025 Guidance
FY 2025 Guidance
Slide 23: FY 2025 Guidance
FY 2025 Guidance FY24A 1H25A FY 2025 Guidance Revenue Growth 358 MM 245 MM 590 – 625 MM (YoY) 40.0% p.a. 87.6% p.a. c.65% - 75% p.a. Gross Profit Margin 66.5% 72.0% 68.0% - 70.0% (%) Adj. EBITDA Margin 31.7% 37.6% 32.0 – 35.0% (%) 23
Slide 24: Thank You
Thank You ﺷﻜﺮاﹰ
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