Elm Company · TADAWUL:7203
Elm — H1 2022 Earnings Presentation
15 slides from Elm's earnings presentation, Sep 1, 2022
Slide 1: Results Presentation H1 2022 Earnings Call
Results Presentation H1 2022 Earnings Call Abdulrahman Aljadhai Chief Executive Officer Othman Altwaijri Chief Financial Officer Riyadh, 1st September 2022 www.elm.sa
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Elm solely for informational purposes. The presentation may contain forward looking statements, which reflect Elm’s beliefs or current expectations and assumptions regarding the future of the business, future plans and strategies, projections, antici
Slide 3: Key Highlights, Financial Performance, Appendix
1 Key Highlights 2 Financial Performance 3 Appendix www.elm.sa
Slide 4: H1 2022 Key Highlights
H1 2022 Key Highlights SAR 2.1bln Revenue 19% H1 2022 Net Profit SAR 444 bln 59% IPO Dividend 4
Slide 5: Key growth trends
Key growth trends Trend Growth Drivers Implications on Elm Government Digitization as part of Vision 2030, aiming to be within top 5 › Expand and partner with private Digital nations in e-government, creating opportunities to build sector, and participate with Small Transformation value added servic
Slide 6: Financial Performance
1 Key Highlights 2 Financial Performance 3 Appendix www.elm.sa
Slide 7: P&L Highlights
P&L Highlights Revenue by Business Segment Gross Profit by Business Segment SAR Millions SAR Millions +19% +36% 2,130 790 1,792 1,367 582 606 1,056 417 687 674 164 169 20 49 89 -4 H1 2021 H1 2022 H1 2021 H1 2022 +32.5% GP Margin +37.1% Digital Business Business Process Outsourcing Proffessional Serv
Slide 8: P&L Highlights
P&L Highlights EBIT Net Profit SAR Millions SAR Millions +68% +59 % 36 (20) 206 (9) 208 (17) (1) (32) 509 444 303 279 H1 Gross S&M ECL G&A D&A H1 H1 EBIT Zakat Others H1 2021 Profit 2022 2021 2022 Key Highlights › Increase in EBIT and Net profit due to strong revenue growth. › Expansion in S&M activ
Slide 9: P&L Highlights
P&L Highlights Revenue Trend Gross Profit Trend SAR Millions SAR Millions +38% 23% 2,130 790 2,035 1,792 622 615 1,534 581 932 215 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 +23.1% +40.1% +32.4% +30.1% +37.1% Key Highlights GP Margin % › Continuous revenue growth
Slide 10: Digital Business
Digital Business Revenue Gross Profit Products Revenue SAR Millions SAR Millions SAR Millions +29% +45% +38% 1,367 606 +27% 1,208 1,056 417 873 903 712 +89% 161 305 H1 2021 H1 2022 H1 2021 H1 2022 H1 2021 H1 2022 +39.4% GP Margin % +44.3% Top 5 Products Others Key Highlights › Strong revenue growth
Slide 11: Business Process Outsourcing
Business Process Outsourcing Revenue Gross Profit SAR Millions SAR Millions -2% -3% 687 675 169 164 H1 2021 H1 2022 H1 2021 H1 2022 +24.6% GP Margin % +24.3% Key Highlights › Slight decrease in revenue, despite the reduction and completion of major projects, due to revenue generated from new and cur
Slide 12: Professional Services
Professional Services Revenue Gross Profit SAR Millions SAR Millions +82% 89 +100% 20 49 H1 2021 H1 2022 -4 H1 2021 H1 2022 -8% GP Margin % +22.7% Key Highlights › Growth in revenue due to newly executed projects. › Improved Gross profit and positive Gross profit margin led by growth in revenue and
Slide 13: Balance Sheet Highlights
Balance Sheet Highlights Cash Balance Movement Cash Conversion Cycle SAR Millions Number of Days 151 (122) (550) 140 1,362 134 117 Cash Conversion Cycle 184 186 Payable - Days 166 Receivables - Days 841 Beg. Cash bal. Operating Investing Financing End. Cash Bal. -44 -49 -52 2020 2021 H 1 2022 Key Hi
Slide 14: 2022 Guidance
2022 Guidance H1 2022 FY 2022 Actual Guidance Revenue 19% 10-12% EBIT Margin 24% 18-21% CFO as % of Net Income 34% ≈100% 14
Slide 15: Thank you
Elm Contact Investor Relations Department Ibrahim Almuhanna Head of Investor Relations Tel: +(966) 11 461 8500 Email: [email protected] Visit our Website (click here) Thank you,, www.elm.sa