Rak Ceramics Pjsc · ADX:RAKCEC
Rak Ceramics Pjsc — Q2 & H1 2019 Earnings Presentation
16 slides from Rak Ceramics Pjsc's earnings presentation, August 2019
Slide 1: Earnings Presentation - Q2 & H1 2019 Results
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS AUGUST 2019 RAK Ceramics PJSC © 2019. All rights reserved
Slide 2: Attendees
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS Attendees Abdallah Massaad PK Chand Group Chief Executive Officer Group Chief Financial Officer Abdallah Massaad is Group CEO of RAK Ceramics and has more than 22 years experience Pramod Kumar Chand is the Group Chief Financial Officer of RAK Ceramics. Mr
Slide 3: Disclaimer
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS Disclaimer This information contained in the enclosed presentation summarises preliminary and and past performance is not indicative of future results. The Company undertakes no introductory information on RAK Ceramics PJSC (the Company). This presentatio
Slide 4: Key business highlights
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS Key business highlights Business performance Margins improved India turnaround Tiles revenues were impacted as Total and tiles gross profit margins Development of initial product June dispatches weakened due to increased with continued focus ranges is com
Slide 5: Q2 2019 Key financial highlights
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS Q2 2019 Key financial highlights Total revenue decreased by Total gross profit margin Reported net profit increased by -7.2% YoY to AED667.4m. On increased by +110bps YoY to +33.1% YoY to AED73.4m with a constant currency as of Q2 2018, reach an all-time
Slide 6: H1 2019 Key financial highlights
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS H1 2019 Key financial highlights Total revenue decreased by Total gross profit margin Reported net profit decreased by -6.8% YoY to AED 1.29bn. On increased by +100bps YoY to -8.5% YoY to AED110.3m with a constant currency as of H1 2018, 34.2%, driven by
Slide 7: Q2 & H1 2019 Net Profit Bridge
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS Q2 & H1 2019 Net Profit Bridge MANAGEMENT COMMENTS NET PROFIT BRIDGE Q2 2019 VS Q2 2018 (AEDM) -3.8 Reported net profit increased +22.1 by +33.1% YoY to AED73.4 million. 73.4 Q2 2019 net profit includes the 55.1 reversal of an AED 22.1mn receivables provi
Slide 8: Revenue highlights
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS Revenue highlights MANAGEMENT COMMENTS TOTAL REVENUE (AEDM) TILES REVENUE (AEDM) Due to EID holidays total 719.2 1,287.7 1,381.0 840.2 937.6 revenue in Q2 2019 decreased 667.4 620.3 481.7 by -7.2% YoY. On constant 437.1 403.1 currency of Q2 2018, the tota
Slide 9: Tiles revenues by end market
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS Tiles revenues by end market QUARTERLY COMPARISON YEARLY COMPARISON Q2 19 Q1 19 Q2 18 H1 19 H1 18 Amount Amount Growth Amount Growth Amount Amount Growth United Arab Emirates 151.4 141.9 6.7% 155.9 -2.9% 293.3 312.8 -6.2% Kingdom of Saudi Arabia 66.8 49.0
Slide 10: Sanitaryware revenues by end market
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS Sanitaryware revenues by end market QUARTERLY COMPARISON YEARLY COMPARISON Q2 19 Q1 19 Q2 18 H1 19 H1 18 Amount Amount Growth Amount Growth Amount Amount Growth United Arab Emirates 39.5 38.6 2.3% 36.1 9.4% 78.2 78.2 0.0% Kingdom of Saudi Arabia 6.0 6.0 0
Slide 11: Gross profit margins
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS Gross profit margins MANAGEMENT COMMENTS TOTAL GROSS MARGINS (%) TILES GROSS MARGINS (%) Total gross margin increased by 35.5 34.4 34.2 33.2 31.4 30.3 29.9 32.8 28.6 +110bps YoY to an all-time high 27.8 of 35.5%. Tiles margin increased by +110bps YoY to 3
Slide 12: Financial highlights
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS Financial highlights FINANCIAL HIGHLIGHTS (AEDM) QUARTERLY YEARLY YEARLY COMPARISON COMPARISON COMPARISON Q2 19 Q1 19 Q2 18 H1 19 H1 18 Amount Amount Growth Amount Growth Amount Amount Growth Revenue 667.4 620.3 7.6% 719.2 -7.2% 1,287.7 1,381.0 -6.8% Gros
Slide 13: Operating cycle
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS Operating cycle MANAGEMENT COMMENTS OPERATING CYCLE (LTM DAYS) Inventory days increased from 244 days to 256 days QoQ 285 297 289 mainly due to an increase in 271 280 raw materials stock by AED 22mn. Trade receivable days 256 256 249 increased from 106 da
Slide 14: 2019 Priorities
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS 2019 Priorities Protect growth in UAE, India, Turnaround India and establish Improve profitability in Bangladesh, RAK Porcelain hub for exports Europe and Saudi Arabia and Kludi-RAK Develop strategy to Continue cost efficiencies Optimise production counte
Slide 15: Contacts
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS Contacts INVESTOR RELATIONS If you have any questions or require further information, please do not hesitate to contact our investor relations department. Investor Relations RAK Ceramics Al Jazeera Al Hamra PO Box 4714 Ras Al Khaimah United Arab Emirates
Slide 16: EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS RAK Ceramics PJSC © 2019. All
EARNINGS PRESENTATION - Q2 & H1 2019 RESULTS RAK Ceramics PJSC © 2019. All rights reserved 16
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