Integrated K S C P : Supplementary Disclosure analyst/investors conference presentation for the First quarter of 2024
May 15, 2024 at 07:59 am EDT
Share
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
Attention: This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
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.
Integrated Holding Co KSCC is a Kuwait-based company, which provides services for logistics, heavy lift, engineering and equipment requirement to the Middle East and North Africa (MENA) region. The Companyâs main activities are divided into five divisions: General transportation includes transportation of all types of cargo, containers, fuel distribution and water delivery; Equipment hire division provides various types of material handling, earth moving and industrial equipment on hire; Heavy lift handling is focused on the transportation of heavy and over dimensional cargo, and operates various ranges of cranes from 25 to 2200 tons; Forwarding and custom clearing division offers total logistics solution to transport, any type of cargo on door to door basis from anywhere in the world, as well as Contracting division offers long term contracts upto five years for hire of heavy equipment and transport vehicles.