Q2, 2022
11. Cash Flow Highlights – YTD 2022 12. Financial Highlights – YTD 2022 13. Financial Highlights – Q2 2022 14. Financial Highlights – YTD 2022 15. Cash Dividends Since Listing
16. Highlights on Al Othaim Markets KSA – YTD 2022 17. Key Financial Indicators – YTD 2022
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Income Highlights - YTD 2022
Balance sheet Highlights as of 30 June 2022
11. Cash Flow Highlights – YTD 2022 12. Financial Highlights – YTD 2022 13. Financial Highlights – Q2 2022 14. Financial Highlights – YTD 2022 15. Cash Dividends Since Listing
16. Highlights on Al Othaim Markets KSA – YTD 2022 17. Key Financial Indicators – YTD 2022
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Abdullah AlOthaim Markets Company is a Saudi joint stock
company listed on Saudi Exchange Market.
Currently is operating in
Saudi Arabia and Egypt. It is considered one of the leading retail companies in the Kingdom and has been ranked fourth in brand share index and is the 17th most valuable brand in the Kingdom in 2017.
In May 2020, the
Company was added to MSCI Saudi Arabia Standard Index.
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Profile Summary
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In June 2022, Abdullah AlOthaim Markets
Company was ranked 65th among Forbes Top 100 Companies in The Middle East for 2022.
The main activities of the Company are grocery retail and wholesale, and malls.
Ownership and operation of supermarkets,
hypermarkets, grocery and convenience stores.
Through its subsidiaries, it provides direct
investments in various sectors such as
manufacturing and distribution of general food, engineering and contracting for buildings, and provides manpower services.
Abdullah AlOthaim Markets Company has a strategic ambition to strengthen its positioning in the customers' minds, strengthen its brand equity, uplift its shopping experience, and expand its footprint across the Kingdom cementing its leadership in the Saudi grocery market.
Legal Structure
Saudi Joint Stock Company
Paid Up Capital
SAR 900 million Number of Shares
90 million
Market Capitalization*
SAR 9.3 billion USD 2.5 billion
Board Size
members
No. of Employees Headquarters 18K
Riyadh City
Traded at Tadawul
Since 2008
Board Committees
Executive, Audit, Nomination and
Remuneration
Key Information
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*
+
Snapshot
320 stores with a total of sales area 545 thousands Sqm, located across KSA and Egypt.
276 stores with a total of 520 thousands Sqm, located across KSA.
44 stores with a total of 24 thousands Sqm, located in Cairo-Egypt.
Contribution to Total Sales is 89.80%.
12 stores with a total of 19 thousands Sqm, located across KSA.
Contribution to Total Sales is 10.20%.
Growth in number of stores (Q2021/2 – Q2022/2) is 9.93%.
Growth in area of stores (Q2021/2 – Q2022/2) is 10.88%.
Retail Division: Wholesale Division: Growth:
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15912 187 214 242 250 272 279 288
33 33 41 42 44 44 44
171
220
255 284
0 2016 50 100 150 200 250 300 350 400 450
2017 2018 2019 2020 2021 Q1-2022 Q2-2022
294 316 323 332
KSA Egypt
Numbers of Stores Store Breakdown
NO.
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Quick Glance – YTD 2022
YTD
Reported results with sales revenues of SAR 4,717 Mn (10.51%YoY).
Net income was SAR 138 Mn (30.61%YoY).
Sales growth by 10.51%, which was, mainly, It is also attributable to improvement in customer shopping experience, better on shelf product availability and better service levels.
18 new stores were opened up to Q2 2022 in KSA.
Two stores have been closed during Q1-2022
In addition to retail sales revenue, revenue from rental activity amounted to 68 Mn.
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Income Highlights – YTD 2022
In SAR Million 2018 2019 % 2020* % 2021 % 2022 %
Sales 3,821 4,130 8% 4,954 20% 4,268 -14% 4,717 11%
Gross profit 717 781 9% 971 24% 820 -16% 947 16%
EBIT 146 161 10% 266 65% 145 -45% 178 23%
Interest (0.8) (29.7) 3583% (33.5) 13% (34.6) 3% (34.2) -1%
Zakat (4.2) (4.2) 0% (7.2) 72% (4.8) -33% (5.8) 19%
* Net income from continuing
operations 144 132 -9% 227 72% 101 -56% 138 37%
In 2020, performance was significantly affected by the precautionary measures taken by the government against the outbreak of Covid-19.
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In SAR Million 2018 2019 2020 2021 2022
Non -current assets 2,332
1,316 3,648
1,660 40 121 1,827 3,648
3,478 1,288 4,766
1,487 38 1,273 1,968 4,766
2,33,602 1,363 4,965
1,524 44 1,451 1,945 4,965
3,802 1,300 5,101
1 368 37 1,581 2,115 5,101
3,681 1,633 5,314 1,325 37 1,619 2,333 5,314 Current Assets
TOTAL ASSETS Shareholders Equity Non - controlling interest
Non - current liabilities Current Liabilities TOTAL LIABILITIES & EQUITY
Balance sheet Highlights as of 30 June 2022
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Million 2018 2019 2020 2021 2022
Cash provided from or (used) in operation activity 241 197 544 89 301
Cash provided from or (used) in investment activities (68) (40) (49) (31) (194)
Free Cash Flow 172 157 495 58 107
Cash provided from or (used) in financing activities (136) (58) (194) 95 (197)
Net Change in Cash 36 99 302 153 (90)
Cash Flow Highlights – YTD 2022
Financial Highlights – YTD 2022
4,268
820
311 106
4,717
947
351 138
500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000
SAR Mn
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Financial Highlights – Q2, 2022
2,022 2,171
2,574
2,171 2,255
375 394 512
400 458
122 74 153 59 229 125 152 48 153 47
-
2018 2019 2020 2021 2022
Sales Gross Profit EBITDA* Net Income*
3,000
2,500
2,000
1,500
1,000
500
Normalized EBITDA & Net Income
SAR Mn
- 6,000
5,000
4,000
3,000
2,000
1,000
3,821 4,130
4,954
4,268
4,717
18.76% 18.91% 19.60% 19.21% 20.08%
6.20% 7.63% 8.68%
7.29% 7.44%
3.69% 3.08% 4.54%
2.48% 2.93%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
Sales Gross Profit EBITDA* Net Income*
2019
2018 2020 2021 2022
Financial Highlights – YTD 2022
% of Sales
SAR Mn
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Cash Dividends - Last 5 Years
5
3 3
6
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50% 89% 78%
120% 120%
0 1 2 3 4 5 6 7
2017 2018 2019 2020 2021
Dividends Per Share P/O Ratio
SAR
Highlights on Al Othaim Markets KSA – YTD 2022
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Saudization:
49%
Sales growth:
10.51%
LFL sales growth:
5.81%
Basket size growth for Retail: - 3.46%
transactions Retail: growth for 15.23%
IKTISSAB customers growth : 5.16%
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Key Financial Indicators – YTD 2022
EPS (SAR):
1.53 Total Debit
to Equity 3.0:1.0 Return on
Equity: ROCE: Fixed Assets
Turnover:
10.2%
Return on Assets:
2.6% 6.0% 3.37
Thank You
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