Depa Plc · NASDAQDUBAI:DEPA
Depa — FY2023 Earnings Presentation
10 slides from Depa's earnings presentation, Oct 10, 2024
Slide 1: Depa PLC FY2023 Financial Results
DEPA PLC FY2023 FINANCIAL RESULTS 1
Slide 2: Summary Income Statement
Summary Income Statement AED million FY 2023 FY 2022 Change Revenue 1,093.6 917.8 175.8 Expenses (1,080.7) (879.3) (201.4) • Overall group’s revenue has increased by AED 175.8 million (Provision)/reversal of impairment on financial and contract assets, net (51.3) 40.7 (92.0) (19.2%) due to strong gr
Slide 3: Summary Balance Sheet
Summary Balance Sheet AED million FY 2023 FY 2022 Change Cash and cash equivalents 1 244.8 248.0 (3.2) Restricted cash 1 29.5 59.1 (29.6) Fixed deposits 1 0.7 0.7 0.0 Trade and other receivables 286.4 348.7 (62.3) Assets classified as held for sale 0.0 4.8 (4.8) 1. Cash and bank balance of AED Due f
Slide 4: Summary of Cash Flows
Summary of Cash Flows AED million FY 2023 FY 2022 Change Operating activities Operating cashflows of the group were AED 40.2 Operating cash flows before changes in working capital 41.4 58.5 (17.1) million inflows in 2023 as compared to AED 31.0 Working capital changes 17.4 (6.3) 23.7 million inflows
Slide 5: Vedder
Vedder Based in Germany, Vedder is the world’s leading provider of fit-out solutions for the global superyacht, private jet and residence markets Financial Highlights 402.8 38.2 Revenue: AED 397.3 million, down AED 5.5 million or 1.4% year-on-year 27.9 EBIT: AED 27.9 million, down AED 10.3 milli
Slide 6: Deco Group
Deco Group The Middle East’s leading provider of interior solutions for the luxury retail market, premium marble supply and installation, and high-quality furniture and joinery works Financial Highlights 230.4 13.4 Revenue: AED 230.4 million, up AED 66.5 million or 40.6% year-on-year 163.9 10.1
Slide 7: Depa Interiors Group
Depa Interiors Group The Middle East’s leading provider of interior solutions for the hospitality, residential, commercial, transport and civil infrastructure markets Financial Highlights 484 40.9 Revenue: AED 484.0 million, up AED 128.5 million or 36.1% year-on-year EBIT: AED -47.9 million, dow
Slide 8: Backlog
Backlog 1,827 135 180 1,097 237 595 1,497 121 1,353 1,284 1,213 742 159 137 10 135 613 577 804 507 Yachts & marine Economic infrastructure Hospitality Residential Commercial Social infrastructure 19 634 570 571 582 595 576 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 1,232 Vedder Depa Interiors Deco Group Tot
Slide 9: Outlook
Outlook Looking forward, as we move into 2024 and beyond, our planned expansion into the Kingdom of Saudi Arabia underscores our confidence in the region's growth potential. Leveraging our expertise and commitment to quality, we anticipate sustained growth and prosperity, solidifying our position as
Slide 10: Cautionary Statement
Cautionary Statement This document may contain certain 'forward-looking statements' with respect to Depa's financial condition, results of operations and business, and certain of Depa's plans and objectives with respect to these items. By their very nature, forward-looking statements are inherently