Integrated Holding Co. KSCP

Analyst Conference

Q1 2024 Results

Contents

Page

Overview

4

Financial Highlights

6-10

Company Highlights

12-13

  • Q&A

Analyst Conference - Q1 2024

2

IHC Overview

Analyst Conference - Q1 2024

3

Overview

  • The performance for Q1 2024 has shown a continuity in the steady growth of the company's revenue and net profit quarter to quarter basis. Compared with Q1 2023 during Q1 2024, the revenue increased by 15% , the net profit increased by 48% with operational profitability increase of 56%.
  • There is a good progress in increasing the presence in KSA market which contributed 13% of the total revenue in Q1 2024. Efforts are continuing to consolidate the volume of the business in KSA market.
  • There is a positive trend in the Equipment utilization rate. However, revenue rates for equipment rental are still at a historical level, which is one of the factors affecting our higher growth targets.

Analyst Conference - Q1 2024

4

Financial Highlights

Analyst Conference - Q1 2024

5

Revenue & Net Profit

  • In Q1 2024, the company's revenues demonstrated a growth rate of 14.9% compared to the revenues in Q1 2023.
  • Net profit for the Q1 2024 is KD 1.417 which is an increase 48% compared to KD 0.96 million net profit in Q1 2023.

Q1 2024 Revenue

8,696

7,566

Q1 2024

Q1 2023

Q1 2024 Net Profit

1,417

958

Q1 2024

Q1 2023

Note: Figures in KWD thousands

Analyst Conference - Q1 2024

6

Revenue by Geography

  • KSA region started contributing significant revenue, 13% of the total revenue as against 3% in Q1 2024. This helped to overcome the shortfall in the share of revenue in Kuwait segment which has dropped to 46% from that of 68% in Q1 2023.. Revenue share from Qatar region also increased to 41% from that of 29% in the Q1 2023.

Q1 2024

Saudi

13%

Kuwait &

Bahrain

46%

Qatar

41%

Q1 2023

Saudi

3%

Qatar

29%

Kuwait &

Bahrain

68%

Analyst Conference - Q1 2024

7

Revenue by Segment

Revenue Contribution by Operational Segment

6,693

5,371

Q1 2024

Q1 2023

1,741

1,547

105

190

281

217

69

46

Equipment Leasing

Transportation

Stevedoring Operations

Oil Field Services

Others

Note: Figures in KWD thousands

Analyst Conference - Q1 2024

8

Financial Highlights

Financial Position

Q1 2023

Q1 2023

Change (%)

Current Assets

21,133

18,533

14%

Property & Equipment

83,293

73,714

13%

Right-of-use Assets

496

527

(5.9%)

Intangible Assets

712

712

Deferred Tax Asset

294

264

11.4%

Total Assets

105,928

93,750

13%

Borrowings

34,299

23,149

48.2%

Trade & Other Liabilities

6,532

4,297

52%

Lease Liabilities

663

646

2.6%

Shareholders' Equity

64,434

63,621

1.3%

Total Equity & Liabilities

105,928

93,750

13%

Note: Figures in KWD Thousands

Analyst Conference - Q1 2024

9

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Integrated Holding Co. KSCC published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 11:57:52 UTC.