Investor Presentaiton
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Segmental Details: Steel
Analysis of segment
revenue & net profit
Revenue: QR 3.0 billion, down by 41% on 2019 amid decline in sales volumes due to management's decision to cater only
local demand of steel starting from Q2-20;
■ Revenue increased by 23% in Q4-20 compared to Q3-20 due to better pricing levels (+1%) and sales volumes (+22%).
Net Profit: Net Loss of QR 1.3 billion for year 2020 compared to a net profit of QR 36 million last year. Reduction primarily
due booking on one-off impairment loss on the facilities mothballed amounting to QR 1.2 billion and lowered volumes on
account of mothballing of certain facilities.
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Profitability improved by 91% during Q4-20 compared to Q3-20, due to overall growth in revenue and better realizations on
account of new optimization initiatives started since Q2-20.
Revenue (QR billion)
5.1
-41%
Q4 1.4
3.0
Q3 1.4
Q4 0.7
Q3 0.5
Q2 1.1
Q2 0.5
Q1 1.3
Q1 1.3
2019
2020
Net Profit (QR million)
Q3 11
-3,738%
Q2 85-
Q1 62- 36
Q4 50-
-1,314
Q1-88
-Q4 -122
Q2 -1,301
Q3 26
34
34
2019
2020
Steel segment 2020 profits, excl. one-off impact of impairment (QR million)
+134%
26
+90%
50
-88
Q1-20
-76
Q2-20
Q3-20
Q4-20
Industries Qatar, IR Presentation, YE 2020View entire presentation