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Investor Presentaiton

Consolidated Income Statement Estithmar's P&L reflects growth in EBITDA and Net Profit Consolidated Income Statement Estithmar Holding Commentary 1. Net Revenue for the six months to June 2022 (HY22) increased 21.9% compared to the previous comparative period (pcp or HY21), with growth in all segments or Clusters. Contracting grew by 52%, Industries by 72%, Services by 19%, and Healthcare commencing operations. Gross Profit of QAR 263.0 million at 14.2% was higher in value from pcp but lower in GM% due to rising input costs experienced, i.e. shipping, unit rate of resources and materials. G&A Expenses has increased by QAR28.6 million, which includes QAR 34.4 from IHG companies (including QAR 20.8 million in Transaction Costs) and QAR 7.1 million from new BUS. This has lead to an increase G&A % from 4.1% to 4.9%. Operational EBITDA of QAR 260.7 million is higher than pcp however achieved at 14.1% which is below 16.1% in prior year largely due to increases in cost to complete projects for Landscape, Debbas, CDCT and EMEC. Amount in '000s Note For the Period ending June 2022 For the Period ending June 2021 Variance Variance % Net Revenue Cost of Revenue 1,852,985 (1,590,006) Gross Profit Gross Profit Margin G&A Expenses G&A Expenses Margin Operational EBITDA Operational EBITDA Margin Depreciation EBIT 262,980 1,520,133 (1,270,791) 249,342 332,852 21.9% (319,214) 25.1% 13,638 5.5% 14.2% 16.4% -2.2% 2. (90,312) (61,710) (28,602) 46.3% -4.9% -4.1% -0.8% 260,650 244,439 16,211 6.6% 14.1% 16.1% -2.0% 3. (45,558) 208,687 (45,353) 177,887 (205) 30,800 17.3% 0.5% EBIT Margin 11.3% 11.7% -0.4% Interest Cost 7 Other Income/ Expenses 8 Net Profit 9 (24,479) 42,553 190,613 (15,230) 9,261 183,856 (9,248) 33,291 60.7% 359.5% 4. 6,757 3.7% Net Profit Margin 10.3% 12.1% -1.8% 5. Shareholders of the Company Non-controlling interest Total comprehensive income attributable to: Basic and diluted earnings per share 192,536 182,450 (1,923) 1,406 190,613 183,856 0.065 0.071 Depreciation broadly in line with pcp 6. Current HY EBIT has increased by QAR 30.8 million or 17.3% at and EBIT % of 11.3% 7. Interest expense increased due to increased utilization of facilities and inclusion of IHG companies' debt. Notes/Adjustments [1] Underlying EBITDA of QAR 281.6 million is adjusting above EBITDA of QAR 260.6 million by QAR 20.9 million of non-recurring transaction costs associated with the reverse acquisition. 8. Other Income / Expenses have [2] Underlying Net Profit of QAR 213.4 million is adjusting Net Profit Attributable to Shareholders of the Company of QAR 192.5 million by QAR 20.9 million of transaction costs associated with the reverse acquisition. 9. Net Profit has increased to QAR 190.6 million despite adverse movements mentioned at 10.3%. [3] Underlying EPS is adjusting Net Profit Attributable to Shareholders of QAR 192.5 million by QAR 20.9 million of transaction costs divided by the weighted average number of shares attributable to the Shhareholders of the Company. Estithmar Holding Q.P.S.C. ESTITHMAR HOLDING Q.P.S.C
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