Top Banner
Investor Relations (IR), 30 th Jan 2020 Qatar Fuel Co. Q.P.S.C “WOQOD” Overview of Operation and 4Q and FY2019 Financial Results
16

WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

Jul 06, 2020

Download

Documents

dariahiddleston
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

Investor Relations (IR), 30th Jan 2020

Qatar Fuel Co. Q.P.S.C “WOQOD”

Overview of Operation and 4Q and FY2019 Financial Results

Page 2: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

2

Disclaimer

This release/Announcement/Report contains forward-looking and future-based prospective statements and/or informationconcerning the financial condition, results of operations, activities and businesses of Qatar Fuel (WOQOD) Q.P.S.C. , hereinafterWOQOD. All statements/information other than statements/information of historical fact are deemed to be forward-lookingstatements/information, being statements of future expectations that are based on current expectations and assumptions and notguarantees of future performance. Such forward-looking statement/information, involve known and unknown risks and uncertaintiesthat could cause actual results, operations and business performance or events impacting the Group to differ materially from thoseexpressed or as may be inferred from these statements.

These and all subsequent written and oral forward-looking information incorporated in this release/announcement/report are basedon estimates and opinions on the dates they are made as shown in the cover page herein and are expressly qualified in their entirety bythis notice.

There are a number of factors that could affect the realisation of these forward-looking and/or future-based perspective statementssuch as, without limitation: (a) product margins fluctuations, (b) changes in demand or market conditions for the Group’s services, (c)loss of market share and industry competition in non-concession products and facilities, (d) environmental risks and natural disasters,(e) changes in legislative, fiscal and regulatory conditions, (f) changes in economic and financial market conditions and (g) politicalrisks (H) Regional instability, war, blockade, sabotage, civil commotion or any other element or circumstances outside Group’s control.As such, results could differ substantially from those stated, or as may be inferred from the forward-looking statements containedherein.

WOQOD, its affiliated and subsidiary companies, its Directors, officers, partners, employees, advisors, contractors and agents shall notbe liable in any way for any costs, special, direct, indirect, consequential or incidental damage, losses or other detrimental effectswhether in tort, contract or quasi contract etc., resulting or arising from the use of or reliance by any party on any forward-looking, andfuture-based perspective statement and / or other material contained herein. Further, WOQOD, its subsidiaries, joint ventures, affiliateand associated companies are in no way obliged to update or publish revisions to any forward-looking and/or future-basedprospective statement/information or any other material contained herein should circumstances or managements opinions change orwhich may or may not be known to have changed or to be inaccurate as a result of new information, future events or any reasonwhatsoever. WOQOD does not guarantee the accuracy of the historical statements contained herein.

The company cannot disclose any Commercially Sensitive Information due to the confidentially agreements signed with Suppliers.

Page 3: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

3

Contents

11• Company Overview

22• Operations Overview

33• Financial Results Overview

44• Q & A

Vision

“To be the leading petroleum products and related services marketing company in the region”

Page 4: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

4

Overview of WOQOD Group

• WOQOD started operations in 2002 with exclusive rights

for storage and distribution of petroleum products in

State of Qatar

• Operations started with 2 Petrol Stations in 2003 and

grown to 96 stations as of end of 2019, and another 14

stations are completed and will be opened in early 2020

• Key Operations of WOQOD are:

o Diesel and Gasoline Fuel Distribution – Bulk and

Retail

o Jet Fuel Distribution

o Shore to Ship and Ship to Ship Bunkering

Operations

o LPG Operations – Bulk and Shafaf

o Natural Gas distribution

o CNG Distribution

o HFO Bunkering

o Bitumen Operations

o Marine Operations

o Vehicle Inspections

o Other Retail activities supporting Retail Fuel Ops

– C-Store, Auto care etc.

Page 5: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

5

Contents

11• Company Overview

22• Operations Overview

33• Financial Results Overview

44• Q & A

Page 6: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

6

New Petrol Stations Growth Trend – YTD Dec 2019

• Total of 30 petrol stations completed in 2019

o 16 Petrol Stations opened

o 14 Petrol Stations completed awaiting approvals to open

• Preparations for 33 additional stations are in various stages

Page 7: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

Overall Fuel Volumes Trend Analysis

7

2019 vs. 2018

• Fuel sales volume for 2019 is record high of 10.5 Billion Liters

o Overall growth in Fuel Sales is 1.4%, mainly driven by Jet Fuel sales growth of 6%

3.0 2.8 2.6

2.5 2.6 2.6

4.5 4.9 5.2

9.9 10.3 10.5

YTD Dec '17 YTD Dec '18 YTD Dec '19

Fuel Sales Volume Trend - Billion Liters

Diesel Gasoline Jet A1 Fuel - QJet

Page 8: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

Diesel & Gasoline Fuel Volumes & Price – YTD Dec 2019

2019 vs. 2018

• Diesel sales lower by 8% in 2019 as compared to 2018 mainly due to lower demand from bulk customers

• Gasoline sales higher by 3% in 2019 as compared to 2018 driven by market demand 8

Overall Fuel Sales UnitYTD Dec

2019YTD Dec

2018Variance

F/(U) Variance

(%)

Diesel MM Litres 2,588 2,822 (234) -8%Super Gasoline MM Litres 1,275 1,215 60 5%Premium Gasoline MM Litres 1,362 1,339 23 2%

Total Fuel Sales MM Liters 5,225 5,376 (151) -3%

Page 9: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

9

Retail Fuel Sales Volume Comparison

2019 vs. 2018

• Retail Fuel sales increased by 24% during 2019 as compared to 2018 mainly

driven by opening of new petrol stations

o Diesel Sales increased by 12%

o Super Gasoline Sales increased by 37% and

o Premium Gasoline sales increased by 24%

• Retail Fuel Market Share increased by 16% in 2019 (82% in 2019 vs 66% in 2018)

Retail - Fuel Sales UnitYTD Dec

2019YTD Dec

2018Variance Variance

(%)F/(U)

Diesel MM Litres 791 704 87 12%

Super Gasoline MM Litres 1,014 742 272 37%

Premium Gasoline MM Litres 1,060 857 203 24%

Total MM Liters 2,865 2,303 562 24%

Page 10: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

10

Contents

11• Company Overview

22• Operations Overview

33• Financial Results Overview

44• Q & A

Page 11: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

11

Revenue - Trend Analysis

2019 vs 2018

• Revenue for the year is QR 22.4 billion; as compared to 2018, the revenue is lower

by 3.1% mainly driven by decrease in fuel prices mitigated by increase in fuel sales

volume

Page 12: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

12

Net Income - Trend Analysis

2019 vs 2018

• Net Income and EPS higher by 4.8% to QR 1,216 million and QR 1.22 respectively, compared

to 2018

• The increase in net income driven by higher operating income, operational efficiencies, cost

optimization and higher returns from better cash management

• For the fourth quarter 2019, Net Profit grew by 3% to QR 345 million compared to 4Q2018

Page 13: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

13

Key Variance Analysis of Net Income – 2019 vs 2018Net Income Attributable to WOQOD Shareholders

Net Income attributable to WOQOD Shareholders increased by QAR 56MM, 4.8% increase (QAR 1,216MM vs. QAR 1,160MM). Summary of variances are as follows:

• Operating Income (net) driven by fuel sales growth

• Interest and Dividends higher by QAR 25MM from better cash optimization and better performance on equity

• Others comprises mainly of lower G&A expenses

• Depreciation higher driven by growth in assets

Page 14: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

14

2019 - Key Achievements

Petrol Stations

Completed as of 31st

Dec 2019

110

30New Petrol

Stations completed

in 2019

Retail fuel market share

82%

Lost Time Incident

Frequency

SafetyImprovement

of 72%

10.5 Bn Liters

Achieved record

Fuel sales

Retail Fuel Sales

Growth24%

4.8%Growth

Net Income

QAR 1,216 MM

EPSQAR 1.22

4.8%Growth

Page 15: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

15

Contents

11• Company Overview

22• Operations Overview

33• Financial Results Overview

44• Q & A

Page 16: WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved · Microsoft PowerPoint - WOQOD's IR Concall Presentation (4Q and FY2019)-Final Approved Author: mjariwala Created Date:

16

Thank You !