Investor Relations

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%
17.46
17.46 (-0.46 %)
Previous Close : 17.54 52w High : 23.88
Trading Volume : 34250.0 52w Low : 15.50
Last Updated : 16:30 19/07/2019
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).

.:: Board Members
Khalid Abdullah Hamad Al Zamil (Chairman)
Abdallah Saleh Jum’ah Al Dosari (Vice Chairman)
Ahmed Abdullah Hamad Al Zamil
Adib Abdullah Hamad Al Zamil
Mohammed Ahmed Mahmoud Al Ghaith
Mohammad Sulaiman Al Harbi
Khalid Mohammed Saleh Al Fuhaid
Abdulla Mohammed Abdullah Al Zamil (CEO)