Qatar Navigation Qsc · QSE:QNNS

Qatar Navigation Qsc — Qatar Navigation (Milaha) — YTD Sep 2013 Earnings Presentation

13 slides from Qatar Navigation Qsc's earnings presentation, Oct 30, 2013

  1. Slide 1: YTD Sep 2013 Financials Conference Call

    YTD Sep 2013 Financials Conference Call Oct 30th, 2013 Doha, Qatar 1

  2. Slide 2: Key Financial Highlights

    Key Financial Highlights Revenue Net Profit (in QR 000's) (in QR 000's) 800,000 400,000 700,000 350,000 600,000 300,000 500,000 250,000 400,000 200,000 300,000 150,000 200,000 100,000 100,000 50,000 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2012 2013 2012 2013 Confidential - Not for Distribution 2

  3. Slide 3: YTD Sep 2013 vs YTD Sep 2012 - Comparison

    YTD Sep 2013 vs YTD Sep 2012 - Comparison (All amounts in QR 000’s, unless otherwise noted) 2013 2012 Variance OPERATING REVENUE 1,692,357 1,695,858 (3,501) Salaries, Wages & Benefits (431,257) (398,214) (33,043) Operating Supplies & Expenses (421,933) (562,168) 140,235 Rent Expense Depreciation & A

  4. Slide 4: Pillar Overview

    Pillar Overview  Milaha Maritime & Logistics  Milaha Trading • Port Services • Travel & Tourism • Container Shipping • Equipment Trading Agency • Logistics • Marine Equipment Sales & Service • Bulk Shipping • Bunker Sales • Asset Management • Service/Repair Center • Shipyard • Shipping Agencies 

  5. Slide 5: Consolidated Statement of Income, by Pillar – YTD Sep 2013

    Consolidated Statement of Income, by Pillar – YTD Sep 2013 (All amounts in QR 000’s, unless otherwise noted) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 634,263 456,650 125,672 199,564 505,068 0 (228,860) 1,692,357

  6. Slide 6: Consolidated Statement of Income, by Pillar – YTD Sep 2012

    Consolidated Statement of Income, by Pillar – YTD Sep 2012 (All amounts in QR 000’s, unless otherwise noted) Maritime & Gas & Eliminations/ Logistics Offshore Petrochem Trading Capital Corporate Adjustments Consolidated Operating Revenue 620,598 405,961 124,159 311,080 469,702 - (235,642) 1,695,858

  7. Slide 7: Pillar Performance

    Pillar Performance  2% Revenue Growth and 13% Net Profit Growth vs 2012 o Operational growth driven largely by port services and container shipping activities o Ports: o Increased volume growth o Significant focus on efficiency and process improvement initiatives (hand-in-hand with Mwani) in Doha P

  8. Slide 8: Pillar Performance

    Pillar Performance  12% Growth in Revenues and 18%  1% Growth in Revenues and 17% Growth in Growth in Net Profit vs 2012 Net Profit vs 2012 o Increased vessel hires, particularly for o Operating Revenue up slightly due to slight new vessels improvement in charter hire rates o One-time operational

  9. Slide 9: Pillar Performance

    Pillar Performance  36% Decline in Revenues and 18%  8% Growth in Revenues and 32% Decline in Net Profit vs 2012 Growth in Net Profit vs 2012 o Reduced equipment sales due to large o Q1 2012 had QR 73M benefit from orders in 2012 liquidation of 1 fund, which did not o Bunker revenues declined, as

  10. Slide 10: Outlook

    Outlook  Overall macro outlook positive as major infrastructure projects begin execution phase  Expect volumes to ramp up at Doha Port  In port services unit, continue to improve operating efficiency through optimisation of workforce planning, full deployment of new Terminal Operating System (TOS

  11. Slide 11: Outlook

    Outlook  Market rates expected to hold and expenses expected to remain consistent  Continue to focus on optimising utilisation of current fleet  1 new vessel (AHTS) expected to be delivered in November; should the timing hold o under contract and expect positive financial contribution  Continuin

  12. Slide 12: Outlook

    Outlook  Jointly owned LNG tankers on long term charters; limited revenue fluctuation  Fully owned product and crude tankers expected to stay steady in the near term; moderate rate increases possible in medium term  Limited fluctuation in gas carriers; expect markets to hold steady  Cautiously o

  13. Slide 13: Outlook

    Outlook  Expect to make up lost growth in truck and  Expect investment portfolio to continue to heavy equipment sales in Q4 perform well in robust growth economy  We will continue real estate development projects in pipeline in a carefully phased manner 13

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