Consolidated Financial Results for the nine month period ended 30 September 2021

Investor Relation Presentation

27 October 2021

OPERATIONS UPDATE FOR 9M-2021

  • Al Meera Group has 66 stores operating throughout the State of Qatar, and 6 stores in the Sultanate of Oman with consolidated net selling area of more than 100,000 sqm.
  • Al Sailiya Central Market was officially opened on October 2021 bringing the total store opening this year to 3 stores. The new store will have a selling area of approx. 1,500 sqm.
  • The fit-out work for Al Wakra Central Markets is completed and the store is expected to open in Q4- 2021.
  • Fit out works are currently in progress for Lusail Fox Hill and North Residential Villas District, the 2 community mall located in Lusail area in Doha Qatar.
  • The construction of 3 community stores outside Doha are progressing as planned and these stores are expected to operate by Q1-2022.
  • In State of Oman, the construction of Al Meera Mall in Amirat is nearing completion and the Al Meera anchor store is planned to open by end of Q1-2022.

KEY FINANCIAL HIGHLIGHTS FOR 9M-2021

  • Al Meera recorded consolidated sales of QAR 2.1 billion in 2021, a decline of 20.1%, compared to the same period in 2020. The sales decline is due to the reduced impact of COVID-19, and near normalization of consumer activities.
  • Gross profit amounted to QAR 397.9 million, a decrease of 9.7% compared to the same period in 2020. Gross profit margin increased by 2.2% (from 16.5% to 18.7%) driven by additional income from store openings.
  • Rental income from leased shops increased by 30.4% from QAR 45.9 million to QAR 59.8 million in 2021. The 2020 rental income was lower due to the rent incentives given to tenant that have been affected by COVID 19.
  • The operating expenditures for 2021 reduced by 7.5% to QAR 240.1 million compared to QAR 259.7 million last year, due to increase in efficiency and reduction of COVID-19 related operating cost.
  • Al Meera reported a net profit of QAR 127.0 million for the period ended 30 September 2021, a decline of 9.7% compared to the same period last year, mainly due to lower sales.

KEY FINANCIAL HIGHLIGHTS FOR 9M-2021 (Cont'd)

SALES

QR 2,666 m

QR 2,254 m

QR 2,256 m

QR 2,131 m

QR 1,462 m

9M-20179M-20189M-20199M-20209M-2021

RENTAL INCOME

QR 57 m

QR 56 m

QR 60 m

QR 46 m

QR 35 m

9M-20179M-20189M-20199M-20209M-2021

GROSS PROFIT

500

QR 441 m

450

QR 398 m

20.5%

QR 373 m

QR 358 m

400

18.7%

19.5%

350

300

QR 241 m

18.5%

250

17.5%

16.5%

16.5%

16.5%

200

15.9%

150

16.5%

100

15.5%

50

-

14.5%

9M-2017

9M-2018

9M-2019

9M-2020

9M-2021

NET PROFIT ATTRI. TO SHAREHOLDERS AND EPS

160

QR 140 m

0.80

QR 127 m

140

QR 121 m

QR 124 m

0.70

120

QR 0.70

0.60

QR 96 m

QR 0.64

QR 0.61

QR 0.62

100

0.50

80

QR 0.48

0.40

60

40

0.30

20

0.20

-

0.10

9M-2017

9M-2018

9M-2019

9M-2020

9M-2021

DISCLAIMER

Information contained in this presentation is subject to change without further notice. Its accuracy is not guaranteed, and it may not contain all material information concerning the company. We and our advisors do not make any representation regarding, nor assume any liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein.

In addition, the information contains projections and forward looking statements that reflect the company's current views only, with respect to future events and financial performance. These views are based upon current assumptions that are subject to various risks, and may change over time. No assurance can be given that future events will occur, that projections will be achieved, or that the company assumptions are correct. Actual results may differ materially from those projected.

This presentation is strictly for information only, and is not to be distributed without the explicit consent of Al Meera Consumer Goods Company Q.P.S.C. management under any circumstances.

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

Disclaimer

Al Meera Consumer Goods Company QSC published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 16:55:04 UTC.