Qatar National Cement Co. · QSE:QNCD
Qatar National Cement — Q3 2024 Earnings Presentation
21 slides from Qatar National Cement's earnings presentation, Oct 30, 2024
Slide 1: Financial Summary for period ended 30 Sep 2024
Financial Summary for period ended 30 Sep 2024 Oct 30, 2024 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 103,815,242 15.89% SOCIAL INSURANCE AUTHORITY AL-MANA CAPITAL HOLDING 34,748,680 5.32% QATAR GENERAL MILITARY 33,903,487 5.19% RETIREMENT AND SOCIAL INSUR
Slide 6: 3 month share performance
3 month share performance 29/Jul/2024 - 29/0ct/2024 am 12000 30 vou 100000 368 a 0 A < 3640 4 : amomnd 360 j 360 aan. 358 3540 It il tlaals Whi Alt, 29 ula 13Augiai2d 2B Aug/2024 {2Sep/2124 29Sep/2024 15102024
Slide 7: Significant Achievement
Significant Achievement •Cover market demand for all types of cement, washed sand and calcium carbonate. •Controlled the various operational costs without compromising the quality and efficiency. • Successfully paid 30% of paid up capital i.e. QAR 0.3 to Shareholders. •Compliance with Qatar Exchange
Slide 8: Condensed Interim Income Statement for the 9 months ended Sep 30, 2024
Condensed Interim Income Statement for the 9 months ended Sep 30,2024 (All amounts in Qr. (000)) 2024 2023 % Sales 290,701 354,066 (18) Cost of Sales (186,301) (209,229) (11) Gross Profit 104,400 144,837 (28) Other Income 43,434 47,806 (9) Selling & Dis. Exp (3,552) (26,707) (87) G&A exp (14,259) (1
Slide 9: Financial Performance for the period ended 30 Sep 2024
Financial Performance for the period ended 30 Sep 2024 (All amounts in Qr. (000)) Revenue 400000 18% drop in revenue driven by 350000 following: 300000 •Reduction in volumes due to drop in market demand and discount in Q1. 250000 200000 Revenue Cost of Revenue 150000 Cost of Sale 100000 The cost of
Slide 10: Financial Performance for the period ended 30 Sep 2024
Financial Performance for the period ended 30 Sep 2024 (All amounts in Qr. (000)) Gross Profit 50% 28% decrease in GP driven by following 45% factors: 40% • Due to decrease in volume and discount in 35% Q1. 30% 25% 20% GP NP Net Profit 15% 10% 14% decrease in NP is due to 87% decrease 5% in sales &
Slide 11: Financial Performance for the period ended 30 Sep 2024
Financial Performance for the period ended 30 Sep 2024 Current ratio Curr. ratio Current ratio increased to 7 times as compared to 6.8 7.1 mainly due to reduction in current liabilities. 7 6.9 Curr. Ratio 6.8 6.7 2024 2023 Equity/Total Asset Equity to total Assets ratio 0.93 0.92 Equity to total ass
Slide 12: Quarterly analysis of Revenue & Cost of Sales
Financial Performance for the period ended 30 Sep 2024 Quarterly analysis of Revenue & Cost of Sales 140000 120000 100000 80000 60000 40000 20000 0 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Revenue Cost of Sales
Slide 13: Comparison of Price and BV per share
Comparison of Price and BV per share 6.00 5.65 5.1 4.84 4.72 4.89 5.00 4.62 4.71 4.67 4.54 4.15 3.95 4.00 3.70 3.00 2.00 1.00 - 2024 2023 2022 2021 2020 2019 Price BV per Share
Slide 14: Cash balance available in millions
Financial Performance for the period ended 30 Sep 2024 Cash balance available in millions 900 800 700 600 500 400 300 200 100 0 2024 2023 2022 2021 2020 Cash Bal Cash balance includes cash at bank and short term deposits placed with banks, which are readily convertible to cash.
Slide 15: Distribution History
Distribution History 60% Distributions% Bonus Dividend Dividend Shares Sr# Description Distribution Amount (QAR) % 50% % 40% 1 2023 30% 0.3 - 2 2022 30% 0.3 - 30% 3 2021 30% 0.3 - 4 2020 20% 0.2 - 20% 5 2019 30% **0.3 - 6 2018 50% 5 - 10% 7 2017 45% 4.5 - 8 2016 40% 4 10 0% Distributions% 9 2015 40%
Slide 16: Net Worth
Net Worth 3,250,000 Net worth Qr. 3,200,000 3,150,000 3,100,000 3,050,000 3,000,000 2,950,000 2,900,000 2,850,000 Net worth Qr. 2024 2023 2022 2021 2020 2019 2018 Net worth for 2024 represents fig as on 30-Sep-2024.
Slide 17: Share Capital
Share Capital Share Capital Qr. 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - Share Capital Qr. 2023 2022 2021 2020 2019 2018 2017 2016 2015 •The company had issued 10% bonus shares 3 times in the last 10 years. •Share capital for 2023 represents fig as on 30-June-2023.
Slide 18: Outlook
OUTLOOK •We believe that demand for cement will pick up from Q4 of 2024. •The Company is exploring opportunities to increase the shareholder value by investing in profitable ventures. •The company will continue its pursuit to innovate new and existing products in order to support Qatar vision 2030.
Slide 19: Projects Highlights
Projects Highlights Sr# Project Name Expec Owner Deadline Value in USD 1 Retail, Marine, Information Technology (IT), Services - USD 5.5b Ministry of 31-Dec-2026 Entertainment & Media, Infrastructure And Construction, Municipality Building 2 Chemicals, Machinery And Equipments(M&E), 275m QE 31-Dec-2
Slide 20: Projects Highlights
Projects Highlights Sr# Project Name Expec Owner Deadline Value 5 Water And Sanitation, Roadways, Infrastructure And TBA Ashghals 31-Dec-2027 Construction, Roads And Highways 6 Architecture And Urban Development, Building TBA Dar Al Arkan 31-Mar-2027 7 Water And Sanitation, Roadways, Infrastructure
Slide 21: Contact us
Contact us Saqib Pervez Head of Finance/Investor Relation Officer Tel: +974-40426003 Mobile:+974-50304598 Email:[email protected]&[email protected] Web : www.qatarcement.com
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