Qatar National Cement Co. · QSE:QNCD
Qatar National Cement — FY2023 Earnings Presentation
21 slides from Qatar National Cement's earnings presentation, Jan 25, 2024
Slide 1: Financial Summary for Year ended 31 Dec 2023
Financial Summary for Year ended 31 Dec 2023 Jan 25, 2024 Doha, Qatar Qatar National Cement Co. (Q.P.S.C)
Slide 2: Table of Contents
TABLE OF CONTENTS •Company Profile •Stock performance •Financial Highlights and Financial Performance •Other Financial Information •Outlook
Slide 3: Disclaimer
Disclaimer The information contained herein has been prepared by Qatar National Cement Co. Q.P.S.C (QNCD). QNCD relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. This presentation has been prepared for information purposes only a
Slide 4: Company Profile
Company Profile •Established in 1965 with Emiri Decree No. 07. •Major Producer and Seller of OPC,SRC Cement and Washed Sand in the State of Qatar. •4 Cement Plants, 2 Sand Washing Plants and Calcium Carbonate Plant. •Total Cement Production Capacity of 19,000 T.P.D. •Total Sand Washing Plant Product
Slide 5: Major Shareholders
Major Shareholders Shareholder Name Total Securities Ownership % Owned QATAR INVESTMENT AUTHORITY 160,469,890 24.55% QATAR GENERAL RETIREMENT AND 103,988,241 15.91% SOCIAL INSURANCE AUTHORITY AL-MANA CAPITAL HOLDING 34,748,680 5.32% QATAR GENERAL MILITARY 34,137,986 5.22% RETIREMENT AND SOCIAL INSUR
Slide 6: Ownership Breakdown
Ownership Breakdown No. of Investor by Nationality Ownership % by Nationality Qatari 2,851 GCC 71 Foreginers 229. Arab 111 Qatari 87.40% GCC 1.09% Foreigners 2.82% Arab 0.53%
Slide 7: 1 month share performance
1 month share performance Chart 1D 1M 3M 1Y 5Y All "1
Slide 8: 3 month share performance
3 month share performance Chart 1D 1M 3M 1Y 5Y All VW 2024
Slide 9: Highlights of Significant Achievement
Highlights of Significant Achievement • Increasing the strategic stock of clinker, which will improve the company's future competitiveness in meeting cement demand while preserving distinguished quality and competitive costs. •The use of treated water in manufacturing operations at Umm Bab factories
Slide 10: Income Statement for the Year ended Dec 31, 2023
Income Statement for the Year ended Dec 31,2023 (All amounts in Qr. (000)) 2023 2022 % Sales 460,786 708,764 (35) Cost of Sales (271,545) (488,221) (44) Gross Profit 189,241 220,543 (14) Other Income 76,376 43,181 77 Selling & Dis. Exp (28,265) (7,235) 290 G&A exp (32,252) (29,386) 9.75 Net Profit f
Slide 11: Financial Performance for the Year ended 31 Dec 2023: Revenue
Financial Performance for the Year ended 31, Dec 2023 (All amounts in Qr. (000)) Revenue 800000 35% decrease is mainly due to decrease in cement 700000 volume by 39% and 24% in washed sand. •. 600000 Cost of Revenue 500000 The cost of revenue has decreased by 44% mainly in 400000 Revenue line with i
Slide 12: Quarterly analysis of Revenue & Cost of Sales
Financial Performance for the Year ended 31, Dec 2023 (All amounts in Qr. (000)) Quarterly analysis of Revenue & Cost of Sales 140,000 120,000 100,000 80,000 60,000 40,000 20,000 - Q1 2023 Q2 2023 Q3 2023 Q4 2023 Revenue Cost of Sales
Slide 13: Gross Profit and Net Profit
Financial Performance for the Year ended 31, Dec 2023 Gross Profit 50% 11% decrease in GP driven by following factors: 45% •decrease in volumes due to market demand; and •cost control initiatives taken by management. 40% 35% Net Profit 30% 25% 10% decrease in NP is mainly due to increase in other GP
Slide 14: Liquidity and Equity to Total Assets ratios
Financial Performance for the Year ended 31, Dec 2023 Liquidity ratio Curr. ratio Current ratio decreased to 6.78 times as compared to 7.14. 8.00 However, quick ratio stands at 4.14 times as compared to 4.76 times. 6.00 4.00 Curr. Ratio Quick ratio 2.00 - 2023 2022 Equity to total Assets ratio Equit
Slide 15: Segment Performance for the Year ended 31 Dec 2023
Segment Performance for the Year ended 31, Dec 2023 (All amounts in Qr. (000)) Segment wise Revenue & Cost of Sales 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 - Cement Washed Sand Others Revenue Cost of Sales
Slide 16: BoD recommended 30% dividend for 2023
BoD recommended 30% dividend for 2023 60% Distributions% Dividend Bonus Dividend Shares Sr# Description Distribution Amount (QAR) % % 50% 1 2023 30 0.30 - 40% 2 2022 30 0.30 - 30% 3 2021 30 0.30 - 4 2020 20 0.2 - 20% 4 2019 30 **0.3 - 5 2018 50 5 10% 6 2017 45 4.5 - 7 2016 50 5 10 0% Distributions%
Slide 17: Earning Per Share
Earning Per Share EPS 1.00 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 - EPS 2023 2022 2021 2020 2019 2018 2017 2016 2015
Slide 18: Price Earning ratio
Price Earning ratio P/E ratio 25.00 20.00 15.00 10.00 5.00 - 2024 2023 2022 2021 2020 2019 P/E ratio
Slide 19: Price and P/B ratio
Price and P/B ratio 6.00 5.00 4.00 3.00 2.00 1.00 - 2024 2023 2022 2021 2020 2019 Price P/B ratio
Slide 20: Projects Highlights
Projects Highlights Sr# Project Name Expec Start Year Dur. Value 1 Health Centers Development for PHCC 337m TBD 2 2 Qatari Schools Development Program Project – (Package 1) 751m 2022 2 3 Qatari Schools Development Program Project – (Package 2) 1.721b 2023 2 4 Qatari Schools Development Program Proje
Slide 21: Highlights of Future Plans
Highlights of Future Plans • Seeking alternate and sustainable energy sources. We have published tender for consultancy services to recycle trash and domestic waste. • Building warehouses on property leased by the Ministry of Municipality in the industrial district - Street No. (10), with the goal o