Agility Public Warehousing Co. K.S.C. · KSE:MKHZN
Agility Public Warehousing Co. K.S.C — Agility Public Warehousing Company K.S.C.P. — FY2021 Earnings Presentation
24 slides from Agility Public Warehousing Co. K.S.C's earnings presentation, March 2022
Slide 1: Agility Earnings Call Presentation FY 2021
Agility Earnings Call Presentation FY 2021 March 2022
Slide 2: Forward-Looking Statements Disclaimer
Forward-Looking Statements Disclaimer This presentation is strictly confidential and is being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose. This presentation has been prep
Slide 3: Agenda
Agenda 1 Company Overview 2 Group Financial Performance 3 Agility Business Profile 4 Shareholders’ Return 5 Q&A 3
Slide 4: Company Overview
Company Overview 4
Slide 5: Agility is a multi business operator in supply chain services and innovation
Agility is a multi business operator in supply chain services and innovation Agility has grown shareholder value by 5x in the last decade Company Overview Stock Performance Shareholder Info Business Profile Stock Outperforms Market (31 Dec 2021) Listings multi-business operator and investor with a d
Slide 6: Two decades of value growth and scaling businesses
Two decades of value growth and scaling businesses Maximizing shareholder value through organic and inorganic growth Resilient portfolio Starting as a local Becoming a global and value creation Repositioning for warehouse player logistics player across diversified future growth lines of business 199
Slide 7: Significant organic investment and M&A activities supported Agility's development and global reach
Significant organic investment and M&A activities supported Agility’s development and global reach Timeline of Major M&A Activity KD 123 million market cap end of 2002 2013 2017 2022: NAS starts Started expansion into Africa Bought 19% of developing a Menzies, a company 2005-2008 logistics park in s
Slide 8: Agility Today: A Recap
Agility Today: A Recap Services and investments spanning a range of sectors Global Publically listed in KD 2.1 billion 40+ 15,500+ Overview Kuwait and Dubai employees market capitalization* markets Focus areas Supply chain services Industrial Infrastructure Commercial Real Estate Aviation Sector Ven
Slide 9: Group Financial Performance
Group Financial Performance Financial Highlights FY 2021 9
Slide 10: Income Statement from continuing operations (In KD Millions)
Income Statement from continuing operations (In KD Millions) Our portfolio of businesses performed well, returning to pre-COVID profitability levels Revenue Net Revenue +22.1% +17.6% 486.2 251.4 398.1 213.7 Margin Margin Margin 53.7% Margin 51.7% 30.5% 31.3% FY 2020 FY 2021 FY 2020 FY 2021 EBITDA Ne
Slide 11: Net Profit as reported (In KD Millions)
Net Profit as reported (In KD Millions) 2021 reflects an extraordinary gain of almost KD 1 billion because of the sale of the logistics business Highlights 2,250.7% 977.4 • On 16 August 2021, Agility sold its entire equity interest in GIL to DSV with effect from 31 August 2021 resulting in an except
Slide 12: Balance Sheet (In KD Millions)
Balance Sheet (In KD Millions) The majority of Agility's assets today are investments in non-controlled businesses Balance sheet FY 2021 FY 2020 Variance % Assets Assets Equity&Liabilities Current assets 274.8 661.4 -386.6 -58.5% 9.5% 11.1% Current Assets Current Liabilities Non-Current assets 2,630
Slide 13: Cash Flow Statement from Continuing Operations (In KD Millions)
Cash Flow Statement from Continuing Operations (In KD Millions) Agility has a healthy cash flow of KD 129 and will continue to reinvest in its businesses Cash Flow Statement FY 2021 FY 2020 Variance % Capex and Investment Allocation Cash from Operating activities before 112.7 78.3 34.5 44% changes i
Slide 14: Cash Flow Overview for Continued Operations (In KD Millions)
Cash Flow Overview for Continued Operations (In KD Millions) Agility Group Highlights Cash Conversion (OFC/EBITDA) Capex as % of Rev OCF Capex • Operating cash flow generation has been broadly 129 stable throughout the years and has provided an 64 119% 51 50 adequate liquidity buffer to cope with 10
Slide 15: Agility's Business Profile
Agility’s Business Profile 15
Slide 16: Agility's portfolio of companies are split into two main segments
Agility’s portfolio of companies are split into two main segments Agility is executing a growth strategy for its controlled business, and value-investing in established sectors and technology ventures. Controlled Businesses Non-Controlled Businesses Segment 1 Segment 2 Listed Non-Listed Others 2019
Slide 17: Agility's Controlled Businesses Financial Performance FY 2021
Agility’s Controlled Businesses Financial Performance FY 2021 17
Slide 18: Agility's controlled businesses
Agility’s controlled businesses Focus on the intrinsic value of the business generating longer term growth in earnings to the group Revenue Industry Subsidiary Ownership FY 2021 Performance growth FY 2021 vs 2020 • Revenue in 2021 was roughly in line with 2020 results, which benefitted from increase
Slide 19: Agility's Non-Controlled Businesses
Agility’s Non-Controlled Businesses 19
Slide 20: Non-Controlled Businesses
Non-Controlled Businesses Investments in businesses reflected in the Income statement through share price movements, dividends and exits. Listed Investments Non Listed Investments (% ownership) • World’s top three freight forwarding company with more than 75,000+ • GCC’s first smart retail center, l
Slide 21: Shareholders' Return
Shareholders’ Return 21
Slide 22: Agility has created more than $8 billion in value for shareholders over the last decade
Agility has created more than $8 billion in value for shareholders over the last decade Value for shareholders has increased more than 5x since 2011 with a 24% IRR. Value creation since 2011 is KWD 2.3 billion Value Growth -KD 2,068 Mln (89%) Dividends - KD 259 Mln (11%) 1,104 +81% 2,715 1,085 234 1
Slide 23: Dividends and Market Statistics (KD Million)
Dividends and Market Statistics (KD Million) Agility has a balanced distribution strategy that rewards our shareholders without inhibiting growth Cash Dividends (KD mln) Agility has paid KD 85 Million in dividends over the last 5 years 42 2021 2017 2018 2019 2020 (subject to AGM approval) Cash 15 fi
Slide 24: Q&A Session
Q&A Session 24
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