Agility Public Warehousing Co. K.S.C. · KSE:MKHZN
Agility Public Warehousing Co. K.S.C — Agility Public Warehousing Company K.S.C.P. — Q2 2021 Earnings Presentation
18 slides from Agility Public Warehousing Co. K.S.C's earnings presentation, Aug 19, 2021
Slide 1: Agility Earnings Call Presentation Q2 2021 Results
Thursday, 19th August 2021 Agility Earnings Call Presentation Q2 2021 Results
Slide 2: Disclaimer
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 prepared by Agility Public Ware
Slide 3: Agenda
Agenda 1 DSV-GIL Transaction Closure 2 Financial Highlight 3 Agility’s Way Forward 4 Q&A 3
Slide 4: DSV-GIL Transaction Closure
DSV-GIL Transaction Closure 4
Slide 5: GIL / DSV Panalpina A/S Transaction closure
GIL / DSV Panalpina A/S (“DSV”) Transaction closure On 16 August 2021, Agility concluded the sale of its Global Integrated Logistics (“GIL”) business. The all-shares transaction has an enterprise value of $4.77 billion and equity value of $4.67 billion, on closing, an increase of ~$ 500 million co
Slide 6: Deal Impact – Summary
Deal Impact – Summary Agility will be a better and stronger company Strategic Value Economic Value Stronger Logistics Platform Unlock Shareholders Value DSV is one of the best global logistics Recognize a one-time profit of USD 3.2bln operators with market cap of ~USD 55bln Potential cash flow
Slide 7: Q2 Financial Highlight
Q2 Financial Highlight 7
Slide 8: Group Summary Financial Performance (Q2)
Group Summary Financial Performance (Q2) KD Mn Revenue Net Revenue +26.6% +24.6% 112.2 60.3 88.6 48.4 Margin Margin 54.6% 53.7% Q2 2020 Q2 2021 Q2 2020 Q2 2021 EBIT Net Profit +202.6% +503.7% 29.6 38.6 Margin Margin 26.3% 34.4% 9.8 Margin 6.4 11.0% Margin 7.2% Q2 2020 Q2 2021 Q2 2020 Q2 2021 8
Slide 9: Infrastructure Group Financial Performance
Infrastructure Group Financial Performance Revenue Growth QTD ALP Logistics +5% revenue growth was 12.5% revenue growth. 238.3% revenue growth. due to increased demand for This performance reflects UPAC operations are showing warehousing space in regions improving market conditions signs of gradual
Slide 10: Group Summary Financial Performance (1H)
Group Summary Financial Performance (1H) KD Mn Revenue Net Revenue +13.0% +8.2% 220.2 119.9 110.9 194.9 Margin Margin 56.9% 54.5% 1H 2020 1H 2021 1H 2020 1H 2021 EBIT Net Profit +39.6% +215.9% 40.1 51.2 28.7 Margin 23.3% Margin 18.2% 16.2 Margin Margin 14.7% Series 8.3% 1H 2020 1H 2021 1H 2020 1H 20
Slide 11: Net Profit Contribution Highlights
Net Profit Contribution KD Mn +21% 16.8 Highlights 13.9 GIL (Discontinued Operation) is reported in this quarter as a Continued single line item as per IFRS 5 Operations 1H 2020 1H 2021 GIL performance was exceptional this quarter driven by favorable market conditions +1,396% 34.4 Continued op
Slide 12: Balance Sheet Highlights
Balance Sheet KD Mn Assets Equity & Liabilities Balance sheet Q2 2021 Q2 2020 Variance % 11.4% 10.2% Current assets 1,123.1 664.0 459.1 69.2% Current Assets Current Liabilities Non-Current assets 1,238.8 1,552.8 -314.0 -20.2% 18.2% Liabilities associated with assets held for sale Total assets 2,361.
Slide 13: Statement of Cash Flows
Statement of Cash Flows KD Mn Cash Flow Statement Q2 2021 Q2 2020 Variance % Capex Allocation Cash from Operating activities before changes in working capital 126.3 81.6 44.7 54.7% Changes in working capital -24.0 23.0 -47.0 -204.3% 75 100 94 118 141 67 595 Other Items -13.5 -11.0 -2.5 22.5% 8.4% 11
Slide 14: Agility's Way Forward
Agility’s Way Forward 14
Slide 15: Key Points
Key Points Agility Management had a strong track record in creating shareholders' value over an extended period of time Since its privatization in 1997 ~65x of pre-privatization value an IRR of ~28% for 24 years Since 2011 (shifting focus from military business) ~5x with a value creation of ~U
Slide 16: Post Closing Agility's Profile
Post Closing Agility’s Profile Post Closing Profile Strategic, Controlled Strategic, non-controlled Future Investments Businesses businesses Strong balance sheet to Pre-COVD EBIT of ~KD 104mln Estimated Net Value of invest in the future ($345mln) KD 1.6bln (~$5.3bln) ALP DSV Digital Logistics
Slide 17: Post Closing Agility's Profile – Financial Snapshot
Post Closing Agility’s Profile – Financial Snapshot Well positioned for further growth Strategic, Controlled Entities Strategic, Non-Controlled Entities Absolute Value in KWD M CAGR (%) Total Value 2016- 2016- M KWD 2016 2017 2018 2019 2020 * 19 20 Total Listed Investments * 1,631 Revenue 307 346 39
Slide 18: Q&A Session
Q&A Session 18
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