Qatar Navigation Qsc · QSE:QNNS

Qatar Navigation Qsc — Qatar Navigation (Milaha) — Q3 2014 Earnings Presentation

16 slides from Qatar Navigation Qsc's earnings presentation, Nov 4, 2014

  1. Slide 1: YTD Q3 2014 Financials Conference Call

    YTD Q3 2014 Financials Conference Call Nov 4th, 2014 Doha, Qatar 1

  2. Slide 2: Key Financial Highlights

    Key Financial Highlights (All amounts in QR Millions) Revenue Net Profit 800 800 729 699 700 700 632703 595 600 545 560 600 504 500 537 544 500 505 400 400 349 284 303 300 300 345 197 198 200 200 157229169 204 172 100 100 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2012 2013 2014 2012 2013 2014 2

  3. Slide 3: Statement of Income, Consolidated - YTD Q3 2014 vs 2013

    Statement of Income, Consolidated - YTD Q3 2014 vs 2013 (All amounts in QR Millions) 2014 2013 Variance  Revenue Up +13.1% OPERATING REVENUE 1,973 1,745 228 Salaries, Wages and Benefits (479) (453) (26) Operating Supplies and Expenses (622) (435) (187) Rent Expenses (45) (42) (3)  Operating Profit

  4. Slide 4: Activities by Segment

    Activities by Segment Maritime & Gas & Offshore Trading Capital Logistics Petrochem • Port Services • Vessel Charter & • LNG Transport • Heavy Equipment • Real Estate Operations and Truck Agency Development and • Container Shipping • LPG Transport Management • Diving & Subsea • Bunker Distribution •

  5. Slide 5: Statement of Income, by Segment – YTD Q3 2014

    Statement of Income, by Segment – YTD Q3 2014 (All amounts in QR Millions) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 677 411 193 295 543 - (146) 1,973 - - - - - - - Salaries, Wages and Benefits (148) (145) (65) (1

  6. Slide 6: Statement of Income, by Segment – YTD Q3 2013

    Statement of Income, by Segment – YTD Q3 2013 (All amounts in QR Millions) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 634 449 126 206 506 - (177) 1,745 - - - - - - - Salaries, Wages and Benefits (135) (142) (60) (1

  7. Slide 7: Segment Performance

    Segment Performance (All amounts in QR Millions) YTD 2014 YTD 2013 OPERATING REVENUE 677 634  7% Growth in Revenues and 25% Decline in Net Salaries, Wages and Benefits (148) (135) Profit vs 2013 Operating Supplies and Expenses (275) (236) Rent Expenses (5) (4) o Revenue increase of QR 42M driven by

  8. Slide 8: Segment Performance

    Segment Performance (All amounts in QR Millions) YTD 2014 YTD 2013 OPERATING REVENUE 411 449  9% Decline in Revenues and 63% Decline in Net Salaries, Wages and Benefits (145) (142) Profit vs 2013 Operating Supplies and Expenses (85) (66) Rent Expenses (6) (4) o Revenue decrease of QR (38)M driven b

  9. Slide 9: Segment Performance

    Segment Performance (All amounts in QR Millions) YTD 2014 YTD 2013 OPERATING REVENUE 193 126  53% Growth in Revenues and 57% Growth in Net Salaries, Wages and Benefits (65) (60) Profit vs 2013 Operating Supplies and Expenses (36) (27) Rent Expenses (2) (1) o Revenue increase of QR 67M driven by: De

  10. Slide 10: Segment Performance

    Segment Performance (All amounts in QR Millions) YTD 2014 YTD 2013 OPERATING REVENUE 295 206  43% Growth in Revenues and 66% Growth in Net Salaries, Wages and Benefits (13) (11) Profit vs 2013 Operating Supplies and Expenses (249) (168) Rent Expenses (2) (1) o Revenue increase of QR 89M driven by:

  11. Slide 11: Segment Performance

    Segment Performance (All amounts in QR Millions) YTD 2014 YTD 2013 OPERATING REVENUE 543 506  7% Growth in Revenues and 9% Growth in Net Salaries, Wages and Benefits (7) (11) Profit vs 2013 Operating Supplies and Expenses (94) (87) Rent Expenses (38) (37) o Revenue increased 37M , driven by Depreci

  12. Slide 12: Outlook

    Outlook  Expect a more sustained ramp up in volumes due to increased project activity and a steadily growing population;  positive impact on revenues for the largest units – Port Services and Container Shipping  Expect a stronger upcoming year for the Shipyard with renewed focus on core shiprepai

  13. Slide 13: Outlook

    Outlook  Deployment of new vessel DSV Shaddad in Q3 to provide a boost to both top and bottom line in diving services rest of the year and in 2015  Expect to take delivery of ~8 new vessels in Q4 and throughout 2015, subject to delivery delays (largely PSVs and AHTSs)  Continuing to target improv

  14. Slide 14: Outlook

    Outlook  Expect rest of 2014 to continue to be strong overall with positive outlook for early 2015  VLGC rates expected to remain buoyant rest of the year, with some weakness expected from newbuilds next year  Jointly owned LNG carriers: limited fluctuation due to long term nature of contracts 

  15. Slide 15: Outlook

    Outlook  Expect to maintain the strong momentum for the rest of 2014 and into 2015 as sales of trucks and heavy equipment continue to grow  Strong pipeline of infrastructure projects being targeted that require heavy equipment 15

  16. Slide 16: Outlook

    Outlook  Listed equity portfolio performance bound by Qatar Exchange performance and volatility  Energy prices will naturally have impact on equity markets, however Qatar budget pegged to lower oil price than current levels 16

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