Welcome to Zamil Industrial

Quarterly Performance

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

Sales	1,208,582	1,074,181	1,060,890	969,996
Gross Profit	209,795	163,355	139,634	193,631
Net Income	-93,058	-22,575	-39,768	15,568

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)	Q4 2018	Q3 2018	Q2 2018	Q1 2018

Current Assets	2,896,941	3,015,704	2,891,319	2,727,880
Inventory	1,344,767	1,416,570	1,407,297	1,352,245
Total Assets	5,763,211	5,944,829	5,842,345	5,696,857
Current Liabilities	3,848,401	3,861,775	3,709,695	3,449,213
Total Liabilities	4,139,096	4,192,233	4,066,477	3,815,862
Shareholder's Equity	1,415,946	1,539,407	1,561,142	1,668,824

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)	Q4 2018	Q3 2018	Q2 2018	Q1 2018

Sales	1,208,582	1,074,181	1,060,890	969,996
Cost of Sales	998,787	910,826	921,256	776,365
Gross Profit	209,795	163,355	139,634	193,631
Selling and Distribution	174,633	62,193	55,338	54,758
General and Administration	97,107	94,184	91,311	95,558
Total Expenses	271,740	156,377	146,649	150,316
Operating Income	-61,954	6,978	-7,015	43,315
Financial Charges	27,250	26,710	22,885	20,774
Other Income	6,005	-291	-193	735
Other Expenses	4,551	-440	4,198	4,183
Net Income Before Zakat	-87,741	-19,583	-34,291	19,093
Zakat	5,317	2,992	5,477	3,525
Net Income	-93,058	-22,575	-39,768	15,568

Statement of Financial Position

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

Current Assets	2,896,941	3,015,704	2,891,319	2,727,880
Inventory	1,344,767	1,416,570	1,407,297	1,352,245
Fixed Assets	1,018,511	1,022,978	1,047,138	1,071,644
Other Assets	502,992	489,577	496,591	545,088
Total Assets	5,763,211	5,944,829	5,842,345	5,696,857
Current Liabilities	3,848,401	3,861,775	3,709,695	3,449,213
Non-Current Liabilities	290,695	330,458	356,782	366,649
Minority Interests	208,169	213,189	214,726	212,171
Shareholder's Equity	1,415,946	1,539,407	1,561,142	1,668,824
Total Liabilities & Shareholders Equity	5,763,211	5,944,829	5,842,345	5,696,857
Total Liabilities	4,139,096	4,192,233	4,066,477	3,815,862

Statement of Cash Flow

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

Net Income	-93,058	-22,575	-39,768	15,568
Depreciation	27,978	29,252	31,105	31,078
Accounts Receivable	53,964	-106,234	-17,091	-24,515
Inventory	71,893	-9,272	-55,053	-103,688
Prepaid Expenses
Accounts Payable	43,976	-90,425	157,217	-20,121
Purchases of Fixed Assets	-12,859	-1,673	-20,860	-12,939
Cash at Begining of Period	189,163	158,600	179,413	215,524
Cash at End of Period	152,457	189,163	158,600	179,413

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%

17.66
17.66 (-0.34 %)

Previous Close : 17.72	52w High : 26.30
Trading Volume : 46670.0	52w Low : 16.00
Last Updated : 16:30 18/04/2019

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%
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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