AAMAL COMPANY FACT SHEET

Transcription

1 AAMAL COMPANY FACT SHEET December 2018

2 Aamal Company Fact Sheet December 2018 Generating revenues of QAR 1,604.2m (US$ 440.6) in 2017, Aamal Company is one of the largest, most diversified and fastest-growing companies in Qatar offering investors a high quality and balanced exposure to Qatar s economic growth and development. Company Description Incorporated in 2001 in Qatar and listed on the Qatar Stock Exchange in 2007 Geographical focus, at present, on Qatar with intentions to expand further in the region and beyond Operations across 26 active business units with market leading positions in the following key sectors: industrial manufacturing, retail, real estate, managed services, medical equipment and pharmaceuticals Strategy focused on 3 pillars for sustained, profitable growth: i) Increased focus on industrial manufacturing and related high growth sectors ii) Continued growth, diversification and innovation across other existing businesses to enhance market position and optimise performance iii) Continued application of clear and disciplined operational and financial principles underlying strategic growth initiatives Uniquely positioned to benefit from increased private and public sector demand, particularly infrastructure development, as Qatar is transformed into an advanced and self-sustaining economy; the award of the 2022 FIFA World Cup and the Qatar National Vision 2030 have accelerated the quantum of infrastructure build in the country in terms of bringing forward planned capital projects accompanied by new ones coming on stream. One of the leading listed companies with current market capitalisation QAR5.79bn* (US$ 1.6bn) Strong backing from Al Faisal Holding Company, Aamal s long term major shareholder. *As of 3 rd of December 2018 Company Positioning 1) A powerful, cohesive growth platform One of the fastest growing diversified companies, offering high quality exposure to the Qatar s economic growth and development Diversified for balanced exposure across the Qatari economy Strong market positions in key sectors Superior combination of high quality asset base, strong operating profitability and earnings visibility delivering an average increase in underlying profits in excess of 16% (i.e. before fair value gains on investment properties) over the eleven years to end ) Balance sheet strength Strongly capitalised (QAR 8.0bn (US$ 2.2bn) of Shareholder s Funds, end of 2017) Low financial gearing (1.4%, end 2017) Strong internal cash flow generation combined with readily available access to debt funding underpins the financing of future growth opportunities 3) Experienced, proven senior management team Strength in strategic asset allocation, corporate governance and risk control Proven track record of historical profit growth and value creation driven by clear focus on returns on capital and capital discipline Highly effective corporate decision-making with short lines of communication with operational management 4) with strength in depth Development of shared services policy, allowing segmental management to focus on core business Each subsidiary managed as a stand alone entity, optimising management s operational focus and transparency Talented and motivated managers with significant experience and customer relationships in their respective areas Clear segregation between management and ownership, reinforcing best practice corporate governance guidelines

3 Relative Share Price Performance over the past 12 months QA:AHC QE Index Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Performance Profile Revenue (QARmn)* 2, , Underlying Net Profit* (QARmn) , , H *From 2013, revenue from El Sewedy Cables was no longer consolidated as this unit became equity accounted for Underlying Net Profit* Margin % H *Before fair value gains on investment properties Capital Appreciation of (QARm) H12018 *Before fair value gains on investment properties and shares of profits of associates years total 2017 Consolidated Breakdown, by Segment Revenue* 5.3% Net Profit** 1.3% 35.9% 19.8% 39.0% 30.0% 20.7% 48.0% Trading and Distribution Trading and Distribution Industrial Manufacturing Industrial Manufacturing *Before deduction of inter-segmental revenue **Before share of net profits of associates and joint ventures accounted for using the equity method and fair value gains on investment properties

4 Key Milestones 2001 Aamal Company established in Qatar 2011 Increased paid up share capital to QAR 4.95bn 2007 Listed on the Qatar Stock Exchange, with share capital of QAR 3.45bn 2012 Increased paid up share capital to QAR 5.445bn 2007 Established Senyar Industries Qatar Holding in partnership with El Sewedy Electric Group, Egypt 2012 Acquisition of Gulf Rocks by Ci-San Trading 2008 Established Doha Cables as part of Senyar Industries Qatar Holding 2008 Increased paid up share capital to QAR 3.795bn 2008 Established Frijns Steel Construction- Middle East with Frijns Industrial Group (Aamal has a 20% interest) 2008 Established Ci-San Trading in partnership with Masraf Al Rayan 2010 Established Advanced Pipes and Casts Company 2010 Start of commercial production at Aamal Cement Industries 2010 Start of operations at ECCO Gulf, a JV with ECCO Outsourcing of Egypt 2010 Increased paid up share capital to QAR 4.5bn 2013 Increased paid up share capital to QAR 6 bn 2013 Established Al Farazdaq Company 2014 Established Aamal Optical Supplies 2014 Start of commercial production at Advanced Pipes & Casts Company 2015 Established Aamal - ECE in partnership with the German Company ECE Projektmanagement 2015 Established Aamal for Maritime Transportation Services W.L.L Acquisition of Family Entertainment Center and Winter Wonderland 2018 Established three industrial projects through Senyar Industries Qatar Holding. Aluminum, Copper and drums production facilities Acquisition of 49% of El Sewedy Cables Qatar, as part of Senyar Industries Qatar Holding Contact Information Aamal Company Chief Financial Officer - Mr. Mohammad Ramahi Investor Relations and Compliance Manager - Ms. Arwa Hamdieh Aamal Company Q.P.S.C. Marriott Marquis Tower, Floor 15 P.O. Box Doha-Qatar T: Financial PR/IR Advisors Citigate Dewe Rogerson Lucy Eyles -Account Manager, Investor Relations Tel: +44 (0) Mob: +44 (0) mohd.ramahi@aamal.com.qa arwa.hamdieh@aamal.com.qa lucy.eyles@citigatedewerogerson.com

5 Functional Chart Business units with effective Aamal ownership (%) Industrial Manufacturing Trading and Distribution Aamal Readymix Aamal Trading and Distribution City Center Doha Aamal Travels and Tourism Aamal Cement Industries* 99% Aamal Medical Aamal Real Estate Aamal Services Ci-San Trading* Ebn Sina Medical Aamal ECE ** ECCO Gulf * Aamal for Maritime Transportation Services * 74.7% Ebn Sina Pharmacy Family Entertainment Center Gulf Rocks * 74.5 % Foot Care Centre Winter Wonderland Senyar Industries Qatar Holding ** El Sewedy Cables Qatar** 38.3% Doha Cables** 47.3% Al Farazdaq Company* 65% Legend for Trading and Distribution Johnson Controls Qatar **** Advanced Pipes and Casts Company ** Aamal Car Maintenance Frijns Structural Steel Middle East ** 20% Aamal for Industrial Projects Aamal Optical Supplies**** Innovative Lighting **** 70% IMO Company Qatar *** * Subsidiaries not fully owned by Aamal ** Equity accounted for investment in Associates and Joint Ventures *** Inactive business unit currently under evaluation **** Business unit currently in liquidation