AAMAL COMPANY QSC FULL YEAR 2009 RESULTS 1 Contents Key 2009 - - PowerPoint PPT Presentation

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AAMAL COMPANY QSC FULL YEAR 2009 RESULTS 1 Contents Key 2009 - - PowerPoint PPT Presentation

Oct 17, 2023 166 likes •308 views

AAMAL COMPANY QSC FULL YEAR 2009 RESULTS 1 Contents Key 2009 developments and Outlook Financial Summary Operations review Summary Additional information (breakdown by, and of, divisions) 2 Group results Key 2009

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AAMAL COMPANY QSC FULL YEAR 2009 RESULTS

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Contents

  • Key 2009 developments and Outlook
  • Financial Summary
  • Operations review
  • Summary
  • Additional information (breakdown by, and of, divisions)
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Group results

Key 2009 developments and Outlook Impressive results despite a challenging year

  • growth in both revenue and underlying profitability
  • driven by market leadership positions in key sectors and continued

efficiency gains

  • strong cash generation; low gearing of 9.2%

Strong performance reflects benefits of diversified strategy

  • ffers a high quality and balanced exposure to the rapidly growing Qatar

economy

  • designed to deliver maximum growth at minimum risk

Continued confidence in the Aamal growth story

  • Launch of new revenue streams across the transport, construction and

business services sectors in early 2010

  • Announcement of new divisional structure to better reflect operations
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Group results

Financial Summary

QARm 2009 2008 % change

Revenue 705.2 651.0 8.3% Gross Profit 286.1 247.7 15.5% Gross profit margin % 40.6% 38.0% 260 basis points Net profit before fair value 181.1 153.1 18.3% gains on investment properties Net profit margin % 25.7% 23.5% 220 basis points Fair value gains on 68.5 472.1 (85.5)% investment properties Net profit 249.6 625.2 (60.1)% Gearing* 9.2% 6.0% * Total net debt to total net debt plus equity

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Group results

Net profit (before property revaluations) Net profit (ex-property revaluations) & margin (rhs)

126.9 153.1 181.1 23.7% 23.5% 25.7% 80 100 120 140 160 180 200 2007 2008 2009 20.0% 25.0% 30.0%

QARm

  • Operating profit increasing

year on year

  • 2009 saw margin growing to a

very healthy 25.7%

  • Net profit ex-property

revaluations now make up 73% of total net profit (vs. 24% in 2008)

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Operations review

Divisional Breakdown

  • In the year, City Center achieved an occupancy rate of 100%
  • Significant new retail tenants at City Center included Vodafone Qatar, Jack & Jones and

Hippopotamus

  • Aamal Real Estate successfully completed the refurbishment and retail organisation of Souq Al

Nijma and commenced the construction of several residential compounds around Doha

Property Management and Development

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Operations review

Divisional Breakdown

  • Against a challenging macro backdrop, Aamal Trading increased its net margin to 14.9%
  • Aamal Medical increased both its revenue, by 32% and its net margin, from 8.7% to 11.7%, such

that its net profit increased by almost 77%

  • Aamal Medical grew market share in new areas such as Radiotherapy and Endoscopy, whilst

maintaining its market share in all Pharmacy and Operating Theatre specialities

  • New initiatives for Aamal Medical included the introduction of Pharmacy Automation as a new

standard for modern hospitals and Integrated Operating Theatres as a new concept

  • Ebn Sina Medical grew its revenue by almost 15%, net margins by almost 40% and net profit by

almost 60%

  • Major new contracts won by Ebn Sina Medical include Biotronik Peripheral, Medical

Rehabilitation Consultancy House, Umbra Medical Corporation, Helen of Try and Liptis Hochdorf

Trading & Distribution

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Operations review

Divisional Breakdown

  • Despite an 11% fall in revenues, net profit was up almost 8% due to significant improvements in

margins

  • During the year, Aamal Readymix finalised the construction of new maintenance facilities as well

as introducing new techniques for the efficient delivery and pumping ratio of concrete

  • New contracts won include supplying projects at the Heart of Doha project and four towers on the

Pearl Qatar

  • New operations were started in early 2010 with Aamal Cement Industries, Cometrans and Doha

Cables

Industrial Manufacturing

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Operations review

Divisional Breakdown

  • At Aamal Services, which is essentially a cleaning and pest control business, expanded its waste

management services over the year

  • New contracts won at Aamal Services during the year included the Supreme Council of Health,

Abdullah Abdulghani & Brothers, Hemaya Security, Al Tameez and Qatari Diar

  • A joint venture “ECCO Gulf” was launched in February 2010 with Ecco Outsourcing of Egypt to

provide outsourcing services (Contact Centre Services, Business Process Outsourcing Services and Training and Development Services)

  • Major new clients at Aamal Travel & Tourism included the Qatar Exchange and Al Hassan Group

Managed Services

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Summary

  • Aamal Company is now firmly established as one of the region’s most

successful conglomerates delivering the highest quality products across a range of high growth sectors, where we enjoy strong market leading positions

  • We operate an effective risk framework where there is a clear focus on

returns on capital and capital discipline

  • 2010 has seen the pace of development activity increase and all our

businesses are well equipped to deliver future growth and we look forward with confidence

  • As a result, Aamal Company offers investors a quality, balanced exposure

across the entire Qatari economy to deliver maximum growth at minimum risk

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Any further questions?

Please contact:

  • Mr. Mohamed Ramahi – Chief Financial Officer

mohd.ramahi@aamal.com.qa

  • Mr. Trevor Bailey – Head of Business Development

trevor.bailey@aamal.com.qa

  • Mrs. Arwa Goussous – Corporate Communications Manager

arwa.goussous@aamal.com.qa Aamal Company Q.S.C. P.O.Box 22477 Doha-Qatar T: +974 486 4397 www.aamal.com.qa Financial PR/IR advisers Sebastian Hoyle sebastian.hoyle@citigatedr.com Nick Cox-Johnson nick.cox-johnson@citigatedr.comk Citigate Dewe Rogerson Level 15, Commercialbank Plaza P.O. Box 27111 Doha-Qatar T: +974 452 8335 www.citigatedewerogerson.com

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ADDITIONAL DIVISIONAL INFORMATION

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Group results

Revenue by division

QARm 2009 2008 Change %

Property Management 181.0 160.3 12.9% and Development Managed Services 25.6 23.8 7.6% Trading and Distribution 381.3 325.7 17.1% Industrial Manufacturing 132.2 148.3 (10.9)% less: intra divisional revenue (14.9) (7.1)

Total 705.2 651.0 8.3%

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Group results

Net Profit (before property revaluations) by division

QARm 2009 2008 Change % Margin Margin 2009 % 2008 %

Property Management 127.2 108.1 17.7% 70.0% 67.4% and Development Managed Services 5.8 6.3 (7.9)% 22.6% 26.6% Trading and Distribution ` 46.0 33.5 37.3% 12.1% 10.3% Industrial Manufacturing 22.4 20.8 7.7% 16.9% 14.0% less: intra divisional net profit (20.3) (15.3)

Total 181.1 153.1 18.3% 25.7% 23.5%