Welcome to Zamil Industrial

Quarterly Performance

Accounts ('000)	Q3 2018	Q2 2018	Q1 2018	Q4 2017

Sales	1,074,181	1,060,890	969,996	1,257,485
Gross Profit	163,355	139,634	193,631	238,706
Net Income	-22,575	-39,768	15,568	4,852

Yearly Performance

Accounts ('000)	2017	2016	Change (%)

Sales	4,403,850	4,950,648	-11.04
Gross Profit	887,577	1,209,250	-26.60
Net Income	105,018	201,022	-47.76

Financial Position

Accounts ('000)	Q3 2018	Q2 2018	Q1 2018	Q4 2017

Current Assets	3,015,704	2,891,319	2,727,880	2,788,156
Inventory	1,416,570	1,407,297	1,352,245	1,248,557
Total Assets	5,944,829	5,842,345	5,696,857	5,681,723
Current Liabilities	3,861,775	3,709,695	3,449,213	3,434,758
Total Liabilities	4,192,233	4,066,477	3,815,862	3,805,343
Shareholder's Equity	1,539,407	1,561,142	1,668,824	1,664,703

Financial Position

Accounts ('000)	2017	2016	Change (%)

Current Assets	2,788,156	2,654,979	+4.78
Inventory	1,248,557	1,485,392	-18.97
Total Assets	5,681,723	6,104,771	-7.45
Current Liabilities	3,434,758	3,393,303	+1.21
Total Liabilities	3,805,343	3,915,935	-2.91
Shareholder's Equity	1,664,703	1,939,842	-16.53

Statement of Comprehensive Income

Accounts ('000)	Q3 2018	Q2 2018	Q1 2018	Q4 2017

Sales	1,074,181	1,060,890	969,996	1,257,485
Cost of Sales	910,826	921,256	776,365	1,018,779
Gross Profit	163,355	139,634	193,631	238,706
Selling and Distribution	62,193	55,338	54,758	60,684
General and Administration	94,184	91,311	95,558	122,033
Total Expenses	156,377	146,649	150,316	182,717
Operating Income	6,978	-7,015	43,315	55,989
Financial Charges	26,710	22,885	20,774	20,372
Other Income	-291	-193	735	-24,298
Other Expenses	-440	4,198	4,183	7,746
Net Income Before Zakat	-19,583	-34,291	19,093	3,573
Zakat	2,992	5,477	3,525	-1,279
Net Income	-22,575	-39,768	15,568	4,852

Statement of Financial Position

Accounts ('000)	Q3 2018	Q2 2018	Q1 2018	Q4 2017

Current Assets	3,015,704	2,891,319	2,727,880	2,788,156
Inventory	1,416,570	1,407,297	1,352,245	1,248,557
Fixed Assets	1,022,978	1,047,138	1,071,644	1,089,888
Other Assets	489,577	496,591	545,088	555,122
Total Assets	5,944,829	5,842,345	5,696,857	5,681,723
Current Liabilities	3,861,775	3,709,695	3,449,213	3,434,758
Non-Current Liabilities	330,458	356,782	366,649	370,585
Minority Interests	213,189	214,726	212,171	211,677
Shareholder's Equity	1,539,407	1,561,142	1,668,824	1,664,703
Total Liabilities & Shareholders Equity	5,944,829	5,842,345	5,696,857	5,681,723
Total Liabilities	4,192,233	4,066,477	3,815,862	3,805,343

Statement of Cash Flow

Accounts ('000)	Q3 2018	Q2 2018	Q1 2018	Q4 2017

Net Income	-22,575	-39,768	15,568	4,852
Depreciation	29,252	31,105	31,078	32,453
Accounts Receivable	-106,234	-17,091	-24,515	-47
Inventory	-9,272	-55,053	-103,688	144,006
Prepaid Expenses
Accounts Payable	-90,425	157,217	-20,121	-53,557
Purchases of Fixed Assets	-1,673	-20,860	-12,939	-13,340
Cash at Begining of Period	158,600	179,413	215,524	183,614
Cash at End of Period	189,163	158,600	179,413	215,524

Statement of Comprehensive Income

Accounts ('000)	2017	2016

Sales	4,403,850	4,950,648
Cost of Sales	3,516,273	3,004,667
Gross Profit	887,577	1,209,250
Selling and Distribution	248,893	425,727
General and Administration	412,144	459,681
Total Expenses	661,037	885,408
Operating Income	226,540	323,842
Financial Charges	87,102	95,502
Other Income	-2,298	37,784
Other Expenses	19,030	42,490
Net Income Before Zakat	118,110	244,146
Zakat	13,092	26,932
Net Income	105,018	201,022
DPS
EPS

Statement of Financial Position

Accounts ('000)	2017	2016

Current Assets	2,788,156	2,654,979
Inventory	1,248,557	1,485,392
Fixed Assets	1,089,888	1,282,181
Other Assets	555,122	682,219
Total Assets	5,681,723	6,104,771
Current Liabilities	3,434,758	3,393,303
Non-Current Liabilities	370,585	522,632
Minority Interests	211,677	248,994
Shareholder's Equity	1,664,703	1,939,842
Total Liabilities & Shareholders Equity	5,681,723	6,104,771
Total Liabilities	3,805,343	3,915,935

Statement of Cash Flow

Accounts ('000)	2017	2016

Net Income	105,018	201,022
Depreciation	133,289	158,849
Accounts Receivable	-90,687	-160,974
Inventory	204,203	268,122
Prepaid Expenses
Accounts Payable	1,115	-286,655
Purchases of Fixed Assets	-90,213	-110,450
Cash at Begining of Period	272,393	355,424
Cash at End of Period	215,524	275,614

Statement of Comprehensive Income

Accounts ('000)	2013	2014	2015	2016	2017

Sales	5,413,984	5,455,419	5,488,595	4,950,648	4,403,850
Gross Profit	1,306,814	1,347,387	1,305,283	1,209,250	887,577
Net Income	235,356	260,340	263,007	201,022	105,018

Statement of Financial Position

Accounts ('000)	2013	2014	2015	2016	2017

Total Assets	6,907,859	6,337,219	6,443,460	6,104,771	5,681,723
Current Liabilities	4,508,640	3,612,654	3,622,540	3,393,303	3,434,758
Total Liability & Shareholder's Equity	6,907,859	6,337,219	6,443,460	6,104,771	5,681,723
Total Liabilities	5,027,178	4,339,484	4,292,436	3,915,935	3,805,343

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%

18.12
18.12 (0.33 %)

Previous Close : 18.06	52w High : 27.70
Trading Volume : 25945.0	52w Low : 16.00
Last Updated : 16:29 11/12/2018

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%
ZNE Infra Private Limited	India	51%
Geoclima s.r.l	Italy	40%
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%
PLG Photovoltaic Limited	India	75.6%

.:: 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, Vietnam and Italy.

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 2017, Zamil Industrial posted a turnover of SAR 4,403.9 million (USD 1,174.4 million), with net profits, after deduction of Zakat and tax, of SAR 105 million (USD 28 million). Equity attributable to shareholders (after the elimination of Minority Interest) as of 31 December 2017 amounted to SAR 1,664.7 million (USD 443.9 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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