april 2014 download fact sheet
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AAMAL COMPANY FACT SHEET
April 2014
www.aamal.com.qa
1) A powerful, cohesive growth platform
• One of the fastest growing diversified companies,
offering high quality exposure to the Qatar growth
story
• 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
(15% CAGR in net profit, excluding fair value gains,
2006-13)
Aamal Company Fact Sheet April 2014
Company Description
• Incorporated in 2001 in Qatar and listed on the Qatar Exchange in 2007
• Geographical focus, at present, on Qatar with intentions to expand further in the region and beyond
• Operations across 22 business units with market leading positions in the following key sectors: industrial
manufacturing, retail, property, 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 to Qatar is anticipated to accelerate this capital investment as deferred infrastructure projects
are resumed and new projects come on stream
• Current market capitalisation of QAR 8.1bn (US$2.2bn), making Aamal Company one of the largest
diversified companies listed on the Qatar Exchange
• Strong backing from Al Faisal Holding Company, Aamal’s long term major shareholder
Company Positioning
4) Strength in depth
• Development of shared services policy, allowing
divisional 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) 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
2) Balance sheet strength – strong backing of
major shareholders
• Strong asset backing
• Readily available access to debt capital
markets, which, in addition to strong cash flow
generation, provides strong liquidity for future
growth
• Low gearing
“Generating revenues of QAR 2,122.6m (US$583m) in 2013, Aamal Company is one of the largest,
most diversified and fastest-growing companies in Qatar offering investors a high quality and
balanced exposure to the remarkable Qatar growth story”
Performance Profile
Relative Share Price Performance over the past 12 months
Underlying Net Profit* Margin %
Revenue (QARmn) Underlying Net Profit* (QARmn)
2013 Consolidated Breakdown, by Division
Capital Appreciation of Property (QARm)
*before fair value gains on investment properties and shares of profits of associates
*before fair value gains on investment properties
* Before deduction of inter-divisional revenue
705
1,217
1,910 2,069 2,123
2009 2010 2011 2012 2013
180.0
232.0 246.0 236.0267.0
2009 2010 2011 2012 2013
25.7
19.1
12.9 11.4 12.6
2009 2010 2011 2012 2013
12%
27%
57%
4%
Property Trading and Distribution
Industrial Manufacturing Managed Services
Revenue* by division
64%
27%
7%
2%
Property Trading and Distribution
Industrial Manufacturing Managed Services
Net Profit* by division
*before fair value gains on investment properties and shares of profits of associates
2,490
698329 288
389245
2009 2010 2011 2012 2013 5 years total
85
95
105
115
125
135
145
Apr-13 Jun-13 Aug-13 Oct-13 Dec-13 Feb-14 Apr-14
QA:AHC QTRMRKT
Aamal Company
Chief Financial Officer - Mr. Mohammad Ramahi [email protected]
Corporate Communications Manager - Mrs. Arwa Goussous [email protected]
Aamal Company Q.S.C.
Marriott Renaissance Tower, Floor 22
P.O. Box 22477 Doha-Qatar
T: +974 44223888
www.aamal.com.qa
Financial PR/IR Advisors
Citigate Dewe Rogerson
Nick Cox-Johnson [email protected]
Level 15, Commercial Bank Plaza
PO Box 27111 Doha-Qatar
T: +974 4452 8335
www.citigatedewerogerson.com
Contact Information
Key Milestones
2001 Aamal Company established in
Qatar
2010 Increased paid up share capital to
QAR 4.5bn
2007 Listed on the Qatar Exchange,
with share capital of QAR 3.45bn
2010 Start of commercial production at Doha
Cables
2007
Established Senyar Industries
Qatar Holding in partnership with
El Sewedy Electric Group, Egypt
2010 Acquisition of 49% of El Sewedy Cables
Qatar, as part of Senyar Industries Qatar
Holding
2008 Established Doha Cables as part
of Senyar Industries Qatar Holding
2011 Increased paid up share capital to
QAR 4.95bn
2008 Increased paid up share capital to
QAR 3.795bn
2011 Established Johnson Controls Qatar, a JV
with Johnson Controls Inc.
2008 Established Frijns Steel
Construction-Middle East with
Frijns Industrial Group
2012 Increased paid up share capital to
QAR 5.445bn
2008 Established C-San Trading in
partnership with Masraf Al Rayan
2012 Established Innovative Lighting -QLEDs-
Company in partnership with the Korean
Company C&C Lightway
2009 Established Doha Transformers as
part of Senyar Industries Qatar
Holding
2012 Acquisition of Gulf Rocks by C-San Trading
2010 Established Advanced Pipes and
Casts Company
2013 Increased paid up share capital to
QAR 6 bn
2010 Start of commercial production at
Aamal
Cement Industries
2013 Established Al Farazdaq Company
2010 Start of operations at ECCO Gulf,
a JV with ECCO Outsourcing of
Egypt
Functional Chart
Managed Services PropertyTrading and
Distribution
Aamal Travel
and Tourism City Center Doha
Aamal Trading
and Distribution Aamal Readymix
Aamal ServicesAamal Real Estate
Ebn Sina Medical
Aamal Cement
Industries* Aamal Medical
Advanced Pipes
and Cast Company*
Senyar Industries
Qatar Holding*
Foot Care Centre
Elsewedy Cables
Qatar*
Doha
Transformers*
* Subsidiaries are not fully owned by Aamal
Good Life
Chemist
Doha
Cables*
ECCO Gulf*
Johnson Controls
Qatar*
Industrial
Manufacturing
Innovative Lighting
QLEDs*
Ci-San Trading
Gulf Rocks*Al Farazdaq Company*