Qatar National Cement Co. · QSE:QNCD
Qatar National Cement — FY2022 Earnings Presentation
19 slides from Qatar National Cement's earnings presentation, Jan 26, 2023
Slide 1: Financial Summary for Year ended 31 Dec 2022
Financial Summary for Year ended 31 Dec 2022 Jan 26, 2023 Doha, Qatar Qatar National Cement Co. (Q.P.S.C)
Slide 2: Table of Contents
TABLE OF CONTENTS •Company Profile •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 RETIREMENT 34,137,986 5.22% AND SOCIAL INSUR
Slide 6: Ownership Breakdown
Ownership Breakdown No. of Investor by Nationality Ownership % by Nationality 242 125 69 2,982 Qatari 2,982 GCC 69 Foreginers 242 Arab 125 Qatari 95.12& GCC 1.04% Foreigners 3.25% Arab 0.6%
Slide 7: Significant Achievement
Significant Achievement • Increased clinker production in the estimated amounts necessary to improve strategic inventory, support the company's competitiveness, meet the market's demand for cement products, while maintaining price stability. • Restarting the operations of Cement Plant No. 5 after it
Slide 8: Significant Achievement
Significant Achievement • Revamping of Occupational Health, Safety and Environment Department to prevent risks in operations, raise health and safety standards at all company sites, and establish security and safety controls in the use of the company's vehicles and machinery. The department has achi
Slide 9: QNCD Dashboard
QNCD Dashboard Revenue GP NP QAR 709m 14% QAR221m 17% QAR 227m 1% Proposed Washed Sand Sales Cash Bal. QAR 787m 13% Dividend 30% volume 5.8mt 8% Cement Washed Sand Cement Sales Production Production Volume 2.3mt 15% volume 2.3mt 18% volume 6.3mt 6%
Slide 10: Income Statement for the Year ended Dec 31, 2022
Income Statement for the Year ended Dec 31,2022 (All amounts in Qr. (000)) 2022 2021 % Sales 708,764 824,402 (14) Cost of Sales (488,221) (557,764) (12) Gross Profit 220,543 266,637 (17) Other Income 39,801 43,092 (8) Expense related to legal claim - (34,487) 100 Impairment of PPE - (13,881) 100 Sel
Slide 11: Financial Performance for the Year ended 31 Dec 2022
Financial Performance for the Year ended 31, Dec 2022 (All amounts in Qr. (000)) Revenue 900,000 14% decrease is mainly due to decrease in general 800,000 decrease in volume. •. 700,000 Cost of Revenue 600,000 500,000 The cost of revenue has decreased by 12% mainly in Revenue line with decrease in v
Slide 12: Financial Performance: Quarterly Revenue & Cost of Sales
Financial Performance for the Year ended 31, Dec 2022 (All amounts in Qr. (000)) Quarterly analysis of Revenue & Cost of Sales 250,000 200,000 150,000 100,000 50,000 - Q1 2022 Q2 2022 Q3 2022 Q4 2022 Revenue Cost of Sales
Slide 13: Financial Performance: Gross Profit and Net Profit
Financial Performance for the Year ended 31, Dec 2022 Gross Profit 33% 17% decrease in GP driven by following factors: 32% •decrease in volumes due to market demand; and •Increase in input cost for extracting raw material. 31% 30% Net Profit 29% 1% increase in NP is mainly due to decrease in S&M 28%
Slide 14: Financial Performance: Liquidity and Equity Ratios
Financial Performance for the Year ended 31, Dec 2022 Liquidity ratio Curr. ratio Current ratio decreased to 6.17 times as compared to 6.35. 8.00 However, quick ratio stay put at 4.67 times. 6.00 4.00 Curr. Ratio Quick ratio 2.00 - 2022 2021 Equity to total Assets ratio Equity/Total Asset Equity to
Slide 15: Segment Performance for the Year ended 31 Dec 2022
Segment Performance for the Year ended 31, Dec 2022 (All amounts in Qr. (000)) Segment wise Revenue & Cost of Sales 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - Cement Washed Sand Others Revenue Cost of Sales
Slide 16: Strong Dividend Payout History
Strong Dividend Payout History Bonus Distribution % Dividend Dividend Shares Sr# Description Distribution 60 Amount (QAR) % % 50 1 2022* 30 0.30 - 40 2 2021 30 0.30 - 30 20 3 2020 20 0.2 - 4 2019 30 **0.3 - 10 4 2018 50 5 0 5 2017 45 4.5 - 2022 2021 2020 2019 2018 2017 2016 2015 6 2016 50 5 10 7 201
Slide 17: Share Capital
Share Capital Share Capital Qr. 700,000 600,000 500,000 400,000 300,000 Share Capital Qr. 200,000 100,000 - 2021 2020 2019 2018 2017 2016 2015 2014 2013
Slide 18: Net Worth
Net Worth Net Worth 3.25 3.2 3.15 3.1 3.05 3 2.95 2.9 2.85 2.8 2.75 2022 2021 2020 2019 2018 2017 Net Worth
Slide 19: 2022 at glance
2022 at glance • We will carry on to add value to our shareholder’s wealth by exploiting available profitable opportunities. • We will press ahead with the maximum utilization of available production capacity in order to satisfy local market needs with high quality products at reasonable prices. • W