Investor Presentation - Power Rental & Logistics

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JTC Group

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Transportation

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September 30, 2023

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#1KUWAIT | SAUDI | QATAR EQUIPMENT LEASING ☑ AT0055 RCE JEC JED Power POWER RENTAL 24/7 COFILEUR DANGER HIGHLY ELE HD 2069 500 CONTRACT LOGISTICS GN0633 3350 PORTS MANAGEMENT Investor Presentation 9-month period ending on September 30, 2023 WAREHOUSING BEC#2Disclaimer This presentation contains "forward-looking statements" with no warranty or representation given concerning such information. All forward-looking statements attributable to the Company or persons acting on its behalf apply only as of the date of this document, and are expressly qualified in their entirety by the cautionary statements included elsewhere in this document. The financial projections are preliminary and subject to change; the Company undertakes no obligation to update or revise these forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Inevitably, some assumptions will not materialize, and unanticipated events and circumstances may affect the ultimate financial results. Projections are inherently subject to substantial and numerous uncertainties and to a wide variety of significant business, economic and competitive risks, and the assumptions underlying the projections may be inaccurate in any material respect. Therefore, the actual results achieved may vary significantly from the forecasts, and the variations may be material. This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, the facilities or any of the Company's securities. Neither this presentation nor anything in it shall form the basis of any contract or commitment. This presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. The Company has prepared this presentation with information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. These projections should not be considered a comprehensive representation of the Company's cash generation performance. JTC#3Contents • JTC at a Glance . • Industry Updates • Operational Overview . Financial Performance Sustainability Vision · Outlook AT0055 JC EQUIPMENT LEASING JED POWER RENTAL Power 24/7 GN0633 jc HD 2069 DANGER HIGHLY LANE CONTRACT LOGISTICS PORTS MANAGEMENT WAREHOUSING#4RG JTC JEC PSU 200475 6 EL2003 JTC at a Glance 44 years of leading as a service provider for ports management, contract logistics, warehousing, equipment leasing and power rental#5JTC TODAY - 9M 2023 44 years of operations KD 69.1 million Total Assets KD 49.1 million Total Equity Diversified business lines: JTC REVENUE CONTRIBUTION GEOGRAPHIC PRESENCE Warehousing 3% Equipment Leasing & Power Rental 41% 766 70227 SUPPING MORT ASKING Saudi 5% Qatar 5% Ports Management (Stevedoring) 40% Contract Logistics 16% Kuwait 90% AA PORTS MANAGEMENT CONTRACT LOGISTICS WAREHOUSING EQUIPMENT LEASING POWER RENTAL#6JTC TODAY - 9M 2023 juc PORTS MANAGEMENT DIVERSIFIED BUSINESS LINES Increased sources of income and growth opportunities •Leading operator at Shuwaikh and Shuaiba ports, Kuwait • Shuwaikh port: Roll-on, roll-off, container and general cargo operations . Shuaiba port: Aggregate, steel scrap HEAVY LIFT and general cargo operations CONTRACT LOGISTICS • Industrial transportation fleet of trucks, fuel tankers, flatbed trailers, lowbed trailers and various other secondary assets ⚫End-to-end logistics services from ports to customer sites WAREHOUSING •Temperature-controlled, ambient and open storage warehousing services in Kuwait • Grade A temperature- controlled facility with more under development EQUIPMENT LEASING •One of the leading . . suppliers of mobile, crawler and rough terrain cranes in Kuwait & Qatar • Heavy Lift capabilities, including transportation fleet • Diversified industrial equipment fleet •Specialized services including engineering & rigging support . POWER RENTAL Leading player in power solutions market in Kuwait & KSA • Full range of temporary power solutions from generator rental to complete turnkey projects enerators •Diesel generators of capacities ranging from 50 KVA to 1250 KVA •Services ranging from on- demand rental to independent power producer projects#7JTC AT BOURSA KUWAIT As of September 30, 2023 juc JTC Ticker on Boursa Kuwait CAPITAL KD 15.00 million MARKET CAP KD 46.50 million 2021 Listed on Boursa Kuwait HEAVY LIFT 132 163 162 1802-28 NOT BARN OR HELD SUPPING MERIT ASING P/E 8.390 based on TTM EPS DIVIDEND YIELD 5.81% based on last annual dividend CAMAS TC 1160479 5 UTC KAMA#8Industry Updates Market performance providing indicators supporting JTC performance during period JTC#9Industry Updates JTC KUWAIT - ECONOMIC OVERVIEW • Positive economic indicators with project awards hitting a multi-year high in Q3 rising. 6% quarter-on-quarter to KD683 million. . • Growth in consumer spending and domestic credit has slowed following strong performances last year, while the stock market dropped in Q3 as investors worldwide are worried about the impact of 'higher for longer' interest rates. Oil prices rose strongly with Kuwait Export Crude standing at $98/bbl at the end of the quarter, up 26% from end June 2023. • . GCC-ECONOMIC OVERVIEW Saudi: Non-oil revenues surged by 53% on an annual basis in Q3 to reach SR111.5 billion, making up 43% of total revenues as per the Ministry of Finance. Qatar: 2.7% GDP growth rate in Q1, reaching QR170.1 billion.#10Ww.. Teunt CMA CGM C TVANG MING A SC tex CAUTION ELSY UASC CHAGEA MCCOBAR TEG TGHU 641703 4561 TEREX Operational Overview TAKE WT THILDAD CU CAP 1 GUT WAL HELL Continued growth in the 9-month period KAN ALZ LA BR TREN 7513933 JECS 473231 TEREA JEOC JTC UABC#11Operational Contribution to Revenue JTC CHANGE IN CONTRIBUTIONS 9M'23 9M'22 Q3'23 Q3'22 SERVICE CONTRIBUTION - 9M COUNTRY CONTRIBUTION - 9M 90.2% Warehousing 3% Contract Logistics 15.6% 15.6% 13.9% 15.7% Ports 40.5% 35.7% 40.3% 35.1% Management Equipment Leasing & Power Rental Ports Management Kuwait 4.8% 5.0% Leasing 40.6% 47.0% 42.5% 47.4% 41% (Stevedoring) 40% Saudi Arabia Qatar Warehousing 3.3% 1.7% 3.2% 1.8% 9M'23 9M'22 Q3'23 Q3'22 Kuwait 90.2% 91.5% 88.9% 92.1% Qatar 4.8% 4.9% 5.3% 3.8% Saudi 5.0% 3.5% 5.8% 4.1% Contract Logistics 16%#12Revenues - Q3+9M CONTRACT LOGISTICS PORTS MANAGEMENT (STEVEDORING) EQUIPMENT LEASING + POWER RENTAL jc WAREHOUSING Q3'23: KD1.0 m Q3'22: KD1.0 m Q3'23: KD2.9 m Q3'22: KD2.3 m Q3'23: KD3.1 m Q3'22: KD3.2 m Q3'23: KD0.2 m Q3'22: KD0.1 m -0.3% +24.9% -2.5% +90.2% 9M'23: KD3.4 m 9M'22: KD3.1 m 9M'23: KD8.8 m 9M'22: KD7.0 m 9M'23: KD8.8 m 9M'22: KD9.3 m +10.2% +24.5% -5.3% 9M'23: KD0.7 m 9M'22: KD0.3 m +112.0%#13JCG Financial Performance HO Continued growth in the 9-month period JEC JED GROTE EREX juc#14Financial Highlights REVENUE-in KD million +9.7% NET PROFIT - in KD million +35.6% خطر محتويات سريعة لا 6.7 +8.7% 7.3 19.7 21.6 JEC TR0119 +52.3% 1.5 1.0 3.3 4.4 EL 6.7 juc EPS-in fils +52.3% 10.2 21.8 +35.6% 29.5 Q3'22 Q3'23 9M'22 9M'23 Q3'22 Q3'23 9M'22 9M'23 Q3'22 Q3'23 9M'22 9M'23#15CHANGE +8.7% JTC‣ • Net profit increases in Q3 and 9M were driven by an increase in revenue from operations. Cash position increased end September 30, 2023 to support the expansion of operations in Kuwait, Saudi and Qatar. Total liabilities increased as a result. Financial Highlights INCOME STATEMENT - Q/Q Operating Revenue Operating Costs Gross Profit Net Profit Q3 2023 7,273,095 Q3 2022 6,691,493 (4,977,569) (5,004,494) 2,295,526 1,686,999 1,530,833 1,004,906 -0.5% +36.1% +52.3% INCOME STATEMENT - 9M/9M 9M 2023 9M 2022 Operating Revenue 21,629,385 19,708,084 Operating Costs (14,673,095) (14,251,287) CHANGE +9.7% +3.0% Gross Profit Net Profit 6,956,290 5,456,797 +27.5% 4,428,790 3,266,448 +35.6% BALANCE SHEET 9M 2023 Cash Total Assets Total Liabilities 10,420,821 FY 2022 4,646,872 CHANGE +124.3% 69,059,117 60,843,382 19,942,040 Total Equity 49,117,077 13,408,907 47,434,475 +13.5% +48.7% +3.5% • • Total assets increased mainly due to an increase in assets supporting the expansion in GCC. JTC is well positioned to fund its expansion thanks to a stable financial position and in-demand operations that maintain competitiveness in the GCC market.#16550 18.01 LIEBHERR 16.01 jtc Sustainability Vision Contribution to our local communities ARE JOLA 954 507 34 SEC Power 24/ CONTRO www.jackow.com#17Sustainability Vision JTC invests in social activities that bring positive impact to the society in which it operates. The company commits and complies with best practices of corporate governance, in addition to having strict HSE standards to ensure the safety of our employees, and supporting charities through financial contributions as part of its commitment to serving segments of the community that are most in need. As it moves forward, JTC is committed to expanding its investment in activities and operational processes that enable the company to enhance the sustainability of its business. JTC#18Outlook 2023 and beyond SECX juc#19Outlook • Positive outlook on growing operations supporting the development of large projects in GCC • Investment in the expansion of operations in present GCC markets to provide new revenue opportunities Expansion within business lines to continue contribution in company's diversified revenue streams JTC▸#20Financial Statement & Contact To review the full financial statement for 9M 2023: https://www.jtckw.com/investor-relations/ For more information please contact: Investor Relations [email protected] AT0055 JC EQUIPMENT LEASING JED POWER RENTAL Power 24/7 GN0633 jtc HD 2069 DANGER HIGHLY LANE CONTRACT LOGISTICS PORTS MANAGEMENT WAREHOUSING

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