Qatar Navigation Qsc · QSE:QNNS

Qatar Navigation Qsc — Milaha — FY2012 Earnings Presentation

13 slides from Qatar Navigation Qsc's earnings presentation, Mar 20, 2013

  1. Slide 1: Milaha 2012 Performance Conference Call

    Milaha 2012 Performance Conference Call March 20, 2013 Doha, Qatar

  2. Slide 2: 2012 vs 2011 – Financial Highlights

    2012 vs 2011 – Financial Highlights 2012 vs 2011 Financial Highlights (in QR Millions) 2,500 Revenue up +7% Operating Profit up +25% 2,000 Net Profit up +18% 1,500 1,000 500 - Revenue Operating Profit Net Profit 2011 2012 2

  3. Slide 3: 2012 vs 2011 – Financial Highlights

    2012 vs 2011 – Financial Highlights 2012 vs 2011 2012 vs 2011 Revenue Net Profit (in QR 000's) (in QR 000's) +7% +18% 2,500,000 900,000 800,000 2,000,000 700,000 600,000 1,500,000 500,000 400,000 +8% 1,000,000 +2% +20% +56% +10% +18% -2% 300,000 +0% 500,000 200,000 100,000 - - Q1 Q2 Q3 Q4 FY Q1 Q2 Q

  4. Slide 4: 2012 vs 2011 - Comparison

    2012 vs 2011 - Comparison (All amounts in QR 000’s, unless otherwise noted) 2012 2011 Variance OPERATING REVENUE 2,353,051 2,191,427 161,624 Salaries, Wages & Benefits (579,872) (518,717) (61,155) Operating Supplies & Expenses (785,789) (784,850) (939) Rent Expense (54,616) (55,972) 1,356 Depreciati

  5. Slide 5: Pillar Overview

    Pillar Overview  Milaha Maritime & Logistics  Milaha Trading • Port Services • Travel & Tourism • Container Shipping • Equipment Trading Agency • Logistics • Marine Equipment Sales & Service • Bulk Shipping • Bunker Sales • Asset Management • Service/Repair Center • Shipyard • Shipping Agencies 

  6. Slide 6: Consolidated Statement of Income, by Pillar – 2012

    Consolidated Statement of Income, by Pillar – 2012 (All amounts in QR 000’s, unless otherwise noted) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 849,626 551,178 232,023 433,578 596,715 - (310,069) 2,353,051 Salaries

  7. Slide 7: Consolidated Statement of Income, by Pillar – 2011

    Consolidated Statement of Income, by Pillar – 2011 (All amounts in QR 000’s, unless otherwise noted) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 703,549 563,065 279,198 451,877 434,226 - (240,488) 2,191,427 Salaries

  8. Slide 8: Pillar Performance

    Pillar Performance  21% Revenue Growth and 133% Net Profit Growth vs. 2011 o Strong year for Ports driven by: o Full year revenue stream from Doha Port management contract, including storage revenues o Strong volume growth in both Doha and Mesaieed ports o Increase in Doha Port tariff in Q4 2011 –

  9. Slide 9: Pillar Performance

    Pillar Performance  2% Decline in Revenues and 26%  17% Decline in Revenues and 6% Decline in Net Profit vs. 2011 Growth in Net Profit vs. 2011 o 2011 had mobilization revenues for new o Continued weakness in crude tanker contracts which did not recur in 2012 market o Delays in delivery and deploy

  10. Slide 10: Pillar Performance

    Pillar Performance  4% Decline in Revenues and 6%  37% Growth in Revenues and 44% Increase in Net Profit vs. 2011 Growth in Net Profit vs. 2011 o Equipment Sales margins improved o Liquidated one fund managed by third vastly, as in 2011 we sold aged inventory party, realizing significant gains at

  11. Slide 11: Outlook for 2013

    Outlook for 2013  Macro outlook for the pillar is positive as infrastructure projects take off  Port volumes showing upward trend  Increased operational efficiency being targeted at Doha Port  Increased trade volumes expected to have trickle-down effect on other activities such as shipping agenc

  12. Slide 12: Outlook for 2013

    Outlook for 2013  Expected to perform better in 2013 as  Tanker markets still volatile, but we are operational issues from 2012 have cautiously optimistic mostly been rectified  New ship building prices are enticing;  Will assume delivery of 2 Anchor management closely monitoring for Handling Tu

  13. Slide 13: Outlook for 2013

    Outlook for 2013  Expected moderate growth, particularly  Expect investment portfolio to in trucks and heavy equipment sales, benefit from robust economy which is tied to infrastructure growth  We will continue real estate development projects in pipeline in a carefully phased manner 13

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