Welcome to Zamil Industrial

Quarterly Performance

Accounts ('000)	Q1 2019	Q4 2018	Q3 2018	Q2 2018

Sales	1,020,977	1,208,582	1,074,181	1,060,890
Gross Profit	124,088	209,795	163,355	139,634
Net Income	-47,152	-93,058	-22,575	-39,768

Yearly Performance

Accounts ('000)	2018	2017	Change (%)

Sales	4,313,649	4,403,850	-2.05
Gross Profit	706,415	887,577	-20.41
Net Income	-139,833	105,018	-233.15

Financial Position

Accounts ('000)	Q1 2019	Q4 2018	Q3 2018	Q2 2018

Current Assets	2,884,339	2,896,941	3,015,704	2,891,319
Inventory	1,391,447	1,344,767	1,416,570	1,407,297
Total Assets	5,856,896	5,763,211	5,944,829	5,842,345
Current Liabilities	3,933,371	3,848,401	3,861,775	3,709,695
Total Liabilities	4,273,242	4,139,096	4,192,233	4,066,477
Shareholder's Equity	1,368,931	1,415,946	1,539,407	1,561,142

Financial Position

Accounts ('000)	2018	2017	Change (%)

Current Assets	2,896,941	2,788,156	+3.76
Inventory	1,344,767	1,248,557	+7.15
Total Assets	5,763,211	5,681,723	+1.41
Current Liabilities	3,848,401	3,434,758	+10.75
Total Liabilities	4,139,096	3,805,343	+8.06
Shareholder's Equity	1,415,946	1,664,703	-17.57

Statement of Comprehensive Income

Accounts ('000)	Q1 2019	Q4 2018	Q3 2018	Q2 2018

Sales	1,020,977	1,208,582	1,074,181	1,060,890
Cost of Sales	896,889	998,787	910,826	921,256
Gross Profit	124,088	209,795	163,355	139,634
Selling and Distribution	42,972	174,633	62,193	55,338
General and Administration	89,875	97,107	94,184	91,311
Total Expenses	132,847	271,740	156,377	146,649
Operating Income	-8,759	-61,954	6,978	-7,015
Financial Charges	29,546	27,250	26,710	22,885
Other Income	3,569	6,005	-291	-193
Other Expenses	8,695	4,551	-440	4,198
Net Income Before Zakat	-43,431	-87,741	-19,583	-34,291
Zakat	3,721	5,317	2,992	5,477
Net Income	-47,152	-93,058	-22,575	-39,768

Statement of Financial Position

Accounts ('000)	Q1 2019	Q4 2018	Q3 2018	Q2 2018

Current Assets	2,884,339	2,896,941	3,015,704	2,891,319
Inventory	1,391,447	1,344,767	1,416,570	1,407,297
Fixed Assets	999,363	1,018,511	1,022,978	1,047,138
Other Assets	581,747	502,992	489,577	496,591
Total Assets	5,856,896	5,763,211	5,944,829	5,842,345
Current Liabilities	3,933,371	3,848,401	3,861,775	3,709,695
Non-Current Liabilities	339,871	290,695	330,458	356,782
Minority Interests	214,723	208,169	213,189	214,726
Shareholder's Equity	1,368,931	1,415,946	1,539,407	1,561,142
Total Liabilities & Shareholders Equity	5,856,896	5,763,211	5,944,829	5,842,345
Total Liabilities	4,273,242	4,139,096	4,192,233	4,066,477

Statement of Cash Flow

Accounts ('000)	Q1 2019	Q4 2018	Q3 2018	Q2 2018

Net Income	-47,152	-93,058	-22,575	-39,768
Depreciation	31,640	27,978	29,252	31,105
Accounts Receivable	65,810	53,964	-106,234	-17,091
Inventory	-46,680	71,893	-9,272	-55,053
Prepaid Expenses
Accounts Payable	-40,654	43,976	-90,425	157,217
Purchases of Fixed Assets	-12,478	-12,859	-1,673	-20,860
Cash at Begining of Period	152,457	189,163	158,600	179,413
Cash at End of Period	176,773	152,457	189,163	158,600

Statement of Comprehensive Income

Accounts ('000)	2018	2017

Sales	4,313,649	4,403,850
Cost of Sales	3,607,234	3,516,273
Gross Profit	706,415	887,577
Selling and Distribution	346,922	248,893
General and Administration	378,160	412,144
Total Expenses	725,082	661,037
Operating Income	-18,667	226,540
Financial Charges	97,619	87,102
Other Income	6,256	-2,298
Other Expenses	12,492	19,030
Net Income Before Zakat	-122,522	118,110
Zakat	17,311	13,092
Net Income	-139,833	105,018
DPS
EPS

Statement of Financial Position

Accounts ('000)	2018	2017

Current Assets	2,896,941	2,788,156
Inventory	1,344,767	1,248,557
Fixed Assets	1,018,511	1,089,888
Other Assets	502,992	555,122
Total Assets	5,763,211	5,681,723
Current Liabilities	3,848,401	3,434,758
Non-Current Liabilities	290,695	370,585
Minority Interests	208,169	211,677
Shareholder's Equity	1,415,946	1,664,703
Total Liabilities & Shareholders Equity	5,763,211	5,681,723
Total Liabilities	4,139,096	3,805,343

Statement of Cash Flow

Accounts ('000)	2018	2017

Net Income	-139,833	105,018
Depreciation	119,413	133,289
Accounts Receivable	-93,876	-90,687
Inventory	-96,120	204,203
Prepaid Expenses
Accounts Payable	90,647	1,115
Purchases of Fixed Assets	-35,392	-90,213
Cash at Begining of Period	215,524	272,393
Cash at End of Period	152,457	215,524

Statement of Comprehensive Income

Accounts ('000)	2014	2015	2016	2017	2018

Sales	5,455,419	5,488,595	4,950,648	4,403,850	4,313,649
Gross Profit	1,347,387	1,305,283	1,209,250	887,577	706,415
Net Income	260,340	263,007	201,022	105,018	-139,833

Statement of Financial Position

Accounts ('000)	2014	2015	2016	2017	2018

Total Assets	6,337,219	6,443,460	6,104,771	5,681,723	5,763,211
Current Liabilities	3,612,654	3,622,540	3,393,303	3,434,758	3,848,401
Total Liability & Shareholder's Equity	6,337,219	6,443,460	6,104,771	5,681,723	5,763,211
Total Liabilities	4,339,484	4,292,436	3,915,935	3,805,343	4,139,096

Growth Rates

Accounts ('000)	1 Year Change	3 Year Change	5 Year Change

Sales	0.77%
Operating Income	1.36%
Net Income	10.62%
Current Assets	-8.61%
Fixed Assets	-11.96%
Total Assets	-8.26%
Shareholder's Equity	6.22%

16.86
16.86 (-0.24 %)

Previous Close : 16.90	52w High : 24.30
Trading Volume : 32705.0	52w Low : 15.50
Last Updated : 16:30 16/06/2019

Ratio

Accounts ('000)	2014	2013

Current Ratio	1.14	1.00
Quick Ratio	0.70	0.57
Debt/Equity (%)	2.17	2.67
Gross Profit Margin (%)	24.45	24.14
Net Profit Margin (%)	4.77	4.35
Return On Assets (%)	3.93	3.50
Return On Equity (%)	15.54	15.40
Book Value	29.04	26.80
EPS	4.34	3.92
Dividend per Share	2.00	1.75
Payout Ratio	46.00	45.00

Subsidiaries

Company	Country	Ownership Percentage

Zamil Steel Holding Company Limited and Subsidiaries: - Zamil Steel Pre-Engineered Buildings Company Ltd. - Zamil Structural Steel Company Ltd. - Zamil Towers and Galvanizing Company Ltd. - Zamil Process Equipment Company Ltd. - Building Component Solutions Company Ltd. - Zamil Steel Construction Company Ltd. - Zamil Inspection & Maintenance of Industrial Projects Company Ltd. - Metallic Construction and Contracting Company Ltd. (Egypt)	Saudi Arabia	100%
Zamil Air Conditioners Holding Company Limited and Subsidiaries: - Zamil Air Conditioners and Home Appliances Company Ltd. - Zamil Central Air Conditioners Company Ltd. - Zamil Air Conditioning and Refrigeration Services Company Ltd. - Ikhtebar Company Ltd. - Eastern District Cooling Company Ltd. - Zamil Energy Services Company Ltd. - Zamil Air Conditioning & Refrigeration Services Co. W.L.L (Bahrain)	Saudi Arabia	100%
Zamil Steel Buildings Company	Egypt	100%
Zamil Steel Buildings (Shanghai) Company Ltd.	China	100%
Cooline Europe Holdings GmbH	Austria	100%
Zamil Steel Buildings India Private Ltd.	India	100%
Zamil Steel Engineering India Private Ltd.	India	100%
Arabian Stonewool Insulation Company	Saudi Arabia	100%
Zamil Industrial Investment Company	UAE	100%
Zamil Steel Industries Abu Dhabi (LLC)	UAE	100%
Zamil Structural Steel Company	Egypt	100%
Zamil Construction India Private Ltd.	India	100%
Zamil Information Technology Global Private Ltd.	India	100%
Zamil Higher Institute for Industrial Training	Saudi Arabia	100%
Second Insulation Company Ltd.	Saudi Arabia	100%
Zamil Air Conditioners India Private Ltd.	India	100%
Saudi Central Energy Company Ltd.	Saudi Arabia	100%
Zamil Industrial Investment Co. Asia Pvt. Ltd.	Singapore	100%
Zamil Steel Buildings Vietnam Company Ltd.	Vietnam	92.27%
Gulf Insulation Group	Saudi Arabia	51%
Saudi Preinsulated Pipes Industries	Saudi Arabia	51%
Zamil Hudson Company Ltd.	Saudi Arabia	50%
Petro-Chem Zamil Company Ltd.	Saudi Arabia	50%

Associates

Company	Country	Ownership Percentage

Rabiah & Nassar and Zamil Concrete Industries Company Ltd.	Saudi Arabia	50%
Energy Central Company	Bahrain	25%
IIB Paper Company Limited	Cayman Islands	20.83%

Other Investments

Company	Country	Ownership Percentage

Middle East Air Conditioners Company Limited	Saudi Arabia	51%
Kinan International for Real Estate Development Company Limited	Saudi Arabia	2.11%

.:: Profile

Overview

Founded in 1998 and headquartered in Dammam, Saudi Arabia, Zamil Industrial Investment Company (Zamil Industrial) is a leading manufacturing and fabrication group that provides products, engineering systems and services for the construction industry. Its product portfolio includes pre-engineered steel buildings, steel structures, air conditioning and climate control systems designed for a wide range of commercial, industrial and residential applications, telecom and transmission towers, process equipment, precast concrete building products, fiberglass and rock wool insulations, pre-insulated pipes, and solar power projects. The company sells its products in more than 90 countries with manufacturing facilities in Saudi Arabia, United Arab Emirates, Egypt, India and Vietnam.

Business Activity

Manufacturing, selling, supply, erection, fabrication of engineering systems, and services and maintenance.

Ownership

Private Sector 95.65%, Govt. Sector 4.35%

Establishment Date

08 July 1998

Fiscal Year

Jan. 01 - Dec. 31

External Auditors

Ernst & Young & Co. (Public Accountants)

.:: Financial Overview

For the year ended 31 December 2018, Zamil Industrial posted a turnover of SAR 4,313.6 million (USD 1,150.3 million) , with net loss, after deduction of Zakat and tax, of SAR 139.9 million (USD 37.3 million). Equity attributable to shareholders (after the elimination of Minority Interest) as of 31 December 2018 amounted to SAR 1,415.9 million (USD 377.6 million).

.:: Contact

Email:

info@zamilindustrial.com

PO Box:

P.O. Box 14441 Dammam 31424

Telephone:

+966 13 810 8111

Fax:

+966 13 810 8199

Twitter:

www.twitter.com/Zamilindustrial

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