ALDREES PETROLEUM & TRANSPORT SERVICE CO. …
Transcript of ALDREES PETROLEUM & TRANSPORT SERVICE CO. …
ALDREES PETROLEUM & TRANSPORT SERVICE CO.
COMPANY
Presentation
2020
Historical Data
2
ALDREES
Since 1962
“Aldrees Petroleum and Transport Services Company”
Year 1962 – Aldrees was established as a family company.
The ALDREES group has nine divisions. Year 2006 - the two biggest divisions, the Petroleum and Transport became publicly listed company, known today as
Aldrees Presentation Fy2020
THE COMPANYTHE VISION
To be one of the top multi-commodity, bulk transportation companies and a Full Logistics
Services Provider (LSP) in the Kingdom of Saudi Arabia.
To be the undisputed No. 1 petroleum retail brand name in Saudi Arabia in terms of size,
excellent service and technology – Aldrees Petrol station in every corner.
THE MISSION
To consistently meet the logistical needs of its customers by providing comprehensive
transport solutions with its wide array of fleet and full services portfolio in logistics.
To provide total convenience to all motorists by operating petrol stations all over Saudi Arabia
that will serve as one-stop haven to re-fuel, rest and relax (3 Rs).
To be a catalyst of the nation’s growth through equitable benefits for all stakeholders and
continue achieving sustainable growth and deliver consistent good return to shareholders.
شركة الدريس للخدمات البترولية والنقلياتAldrees Presentation Fy2020 3
2444 Trailers
1250 Tractor Heads
5752 Employees
544
Gas Stations
58 years
153K Tons per week4.9 Billion
FY2020 Revenue
One of the top multi-commodity transportation companies in Saudi Arabia
• 3694 fleet strength of various types of trucks and trailers as of Dec. 31, 2020
(1250 tractor heads & 2444 of various tanker, dumper, and trailer types)
• ISO 9001 & OHSAS 45001-certifed operation. SQAS Assessment Certification by Gulf Transport Service
• RC 14001:2015 – Certification on Transport Fleet Management and Operation & Maintenance Workshop
• GPS-equipped fleet for special projects
• ERP-supported operations
WHAT WE ARE NOW
The biggest petroleum retail company in Saudi Arabia
• 544 Petrol Stations as of Dec. 31, 2020
• ISO 9001:2015 & OHSAS 45001:2018 – Quality Management System - certified operation by SMG –Sustainable Management Group
• 1st RFID-equipped petrol pumps and automated dispensing system in Saudi Arabia!
• ERP-supported operations
ALDREES BERTSCHI LOGISTICS SERVICES CO. – Joint Venture with a global chemical logistics service provider BERTSCHI
• Full chemical logistics services: on-site & off-site
• Partnership with BERTSCHI: A Responsible Care Member
• Europe’s leader in Rail Logistics
• ISO Tank and Lined ISO Box Containers: Better than ISO Standard!
• Logistics support services, including tank cleaning, decanting, slitting, labeling, drumming, etc.
Aldrees Presentation Fy2020 5
2017
2016
2015
2015
2005
2004
2002
1962
Year 2002Became aLIMITED LIABILITY
COMPANY
Year 2005Became a
SAUDI JOINT STOCK COMPANY
with a start-up Capitalization of SAR200 million
Year 2017
Market capitalization was
increased to
SAR500 million
Year 1962
Started as a Saudi Limited
Partnership under the name
MOHAMMED SAAD ALDREES &
SONS CO.
Year 2004Officially named
ALDREES PETROLEUM AND
TRANSPORT SERVICES
COMPANY
Year 2015
Market capitalization was increased to SAR400 million
Year 2016Aldrees colorChanged for Re-branding.
Year 2015
A venture with BERTSCHI was officialy registered
with the Chamber of Commerce and named as
ALDREES BERTSCHI LOGISTICS COMPANY
2019
Year 2019
Market capitalization was
increased to
SAR600 million
TRANSPORT SAFETY & QUALITY
Aldrees Presentation Fy2020 7
Financial Resultsas of 31 Dec. 2020
ITLE
8
Presented by
Rasmy G. Awad
Financial Consultant
Aldrees Presentation Fy2020
10Aldrees Presentation Fy2020
Number of Employees 3,525 3230 295 9.13% 2227 2183 44 2.02% 5752 5413 339 6.26%
Number of Stations 544 482 62 12.86% 0 0.00% 544 482 62 12.86%
Number of Trucks 0 0 0 0.00% 1250 1255 -5 -0.40% 1250 1255 -5 -0.40%
ELIMINATION
Amount Ratio Amount Ratio Amount % Amount Ratio Amount Ratio Amount % Amount ENTRIES Amount Ratio Amount Ratio Amount %
NET SALES 4,767,553 100% 5,402,968 100% (635,414) -11.8% 294,545 100% 358,760 100% (64,215) -18% 5,062,099 (88,001) 4,974,097 100% 5,681,129 100% (707,032) -12.4%
TOTAL COST OF SALES 4,504,534 94.5% 5,055,732 93.6% (551,199) -10.9% 231,779 78.7% 244,395 68.1% (12,616) -5.2% 4,736,313 (88,001) 4,648,312 93.5% 5,219,530 91.9% (571,218) -10.9%
GROSS PROFIT/(LOSS) 263,020 5.5% 347,235 6.4% (84,216) -24.3% 62,766 21.3% 114,364 31.9% (51,598) -45.1% 325,785 325,785 6.5% 461,599 8.1% (135,814) -29.4%
EXPENSES
SALES PROMOTION EXPENSES 2,140 0.04% 3,925 0.07% (1,784) -45.5% 1,168 0.40% 1,189 0.33% (21) -1.8% 3,308 3,308 0.07% 5,114 0.09% (1,806) -35.31%
TOTAL GEN. & ADMIN. EXPENSES 85,525 1.8% 88,007 1.6% (2,482) -2.8% 48,592 16.5% 54,643 15.2% (6,051) -11.1% 134,117 134,117 2.70% 142,650 2.51% (8,533) -5.98%
TOTAL S,G&A EXPENSES 87,665 1.8% 91,931 1.7% (4,267) -4.6% 49,760 16.9% 55,832 15.6% (6,072) -10.9% 137,425 137,425 2.76% 147,764 2.60% (10,339) -7.00%
OPERATING INCOME 175,355 3.68% 255,304 4.73% (79,949) -31.3% 13,006 4.4% 58,532 16.3% (45,526) -78% 188,361 188,361 3.79% 313,836 5.52% (125,475) -39.98%
FINANCIAL CHARGES 77,454 1.6% 62,773 1.2% 14,681 23.4% 6,795 2.31% 11,555 3.22% (4,760) -41.19% 84,249 84,249 1.69% 74,328 1.31% 9,921 13.35%
PROVISION FOR CONTNGENT LIABILITIES 0 0.0% 17,407 0.3% (17,407) -100.00% 0 0.00% 0 0.00% 0 0.00% 0 0 0.00% 17,407 0.31% (17,407) -100.00%
SHARE OF PROFIT(LOSS) ON INVESTMENTS (1,104) -0.02% 1,398 0.0% (2,501) -178.95% 4,495 1.53% 917 0.26% 3,578 390.30% 3,391 3,391 0.07% 2,315 0.04% 1,077 46.53%
OTHER INCOMES 18,570 0.39% 76,323 1.41% (57,753) -75.67% 4,767 1.62% 8,172 2.28% (3,405) -41.67% 18,843 18,843 0.38% 83,579 1.47% (64,736) -77.46%
NET PROFIT/(LOSS) BEFORE ZAKAT 115,368 2.4% 252,845 4.7% (154,884) -61.3% 10,977 3.73% 55,149 15.37% (44,171) -80.09% 126,346 126,346 2.54% 307,994 5.42% (181,648) -58.98%
ZAKAT 4,620 0.10% 11,490 0.21% (6,870) -59.79% 627 0.21% 4,760 1.33% (4,133) -86.83% 5,247 5,247 0.11% 16,250 0.29% (11,003) -67.71%
NET PROFIT/(LOSS) 110,748 2.32% 241,355 4.47% (130,607) -54.11% 10,351 3.51% 50,389 14.05% (40,038) -79.46% 121,099 121,099 2.43% 291,744 5.14% (170,644) -58.49%
Aldrees Petroleum and Transport Services Company
PROFIT & LOSS STATEMENT-SUMMARY
2020 versus 2019FOR Fiscal Year ended 31 DECEMBER
FY 2020 FY 2019 VARIANCEFY 2019 VARIANCE FY 2020
ALDREES - CONSOLIDATED
(In Thousand Saudi Riyals)
FY 2019 VARIANCE FY 2020PARTICULARS
PETROLEUM DIVISION TRANSPORT DIVISIONFY 2020
Aldrees Presentation Fy2020 11
Number of Employees 3,525 3,230 295 9.13% 2227 2183 44 2.02% 5752 5413 339 6.26%
Number of Stations 544 482 62 12.86% 0 0.00% 544 482 62 12.86%
Number of Trucks 0 0 0 0.00% 1250 1255 -5 -0.40% 1250 1255 -5 -0.40%
ELIMINATION
Amount Ratio Amount Ratio Amount % Amount Ratio Amount Ratio Amount % Amount ENTRIES Amount Ratio Amount Ratio Amount %
TOTAL SALES 1,447,631 100% 1,510,616 100% (62,985) -4.2% 73,291 100% 93,709 100% (20,418) -21.8% 1,520,922 24,176 1,545,098 100% 1,604,325 100% (59,227) -3.7%
NET SALES 1,447,631 100% 1,510,616 100% (62,985) -4.2% 73,291 100% 93,709 100% (20,418) -21.8% 1,520,922 24,176 1,545,098 100% 1,604,325 100% (59,227) -3.7%
TOTAL COST OF SALE 1,360,425 94.0% 1,277,080 84.5% 83,346 6.5% 53,955 73.6% 63,191 67.4% (9,237) -14.6% 1,414,380 24,176 1,438,556 93.1% 1,340,271 83.5% 98,285 7.3%
GROSS PROFIT/(LOSS) 87,205 6.0% 233,536 15.5% (146,331) -62.7% 19,336 26.4% 30,518 32.6% (11,182) -36.6% 106,541 106,541 6.9% 264,054 16.5% (157,512) -59.7%
EXPENSES
SALES PROMOTION EXPENSES 526 0.04% 1,007 0.1% (481) -47.7% 428 0.58% 261 0.28% 168 64.3% 955 955 0.1% 1,268 0.08% (313) -24.7%
TOTAL GEN. & ADMIN. EXPENSES 26,550 1.8% 40,145 2.7% (13,595) -33.9% 11,959 16.3% 13,004 13.9% (1,044) -8.0% 38,510 38,510 2.5% 53,149 3.3% (14,639) -27.5%
TOTAL S,G&A EXPENSES 27,077 1.9% 41,153 2.7% (14,076) -34.2% 12,388 16.9% 13,265 14.2% (877) -6.6% 39,465 39,465 2.6% 54,417 3.4% (14,952) -27.5%
OPERATING INCOME 60,128 4.2% 192,384 12.7% (132,255) -68.7% 6,948 9.5% 17,253 18.4% (10,305) -59.7% 67,077 67,077 4.3% 209,637 13.1% (142,560) -68.0%
FINANCIAL CHARGES 25,743 1.8% 22,227 1.5% 3,516 15.8% 1,363 1.9% 2,444 2.6% (1,081) -44.2% 27,107 27,107 1.8% 24,672 1.5% 2,435 9.9%
PROVISION FOR CONTNGENT LIABILITIES 0 0% 17,407 1% (17,407) -100% 0 0% 0 0% 0 0% 0 0 0% 17,407 1% (17,407) -100.0%
OTHER INCOMES 299 0.02% 68,773 4.55% (68,474) -100% 139 0.2% 825 0.88% (685) -83.1% 438 438 0.03% 69,598 4.3% (69,160) -99.4%
SHARE OF INCOME(LOSS) INVESTMENT (200) -0.01% 1,398 0.1% (1,598) -114% 735 1.0% 917 1.0% (181) -19.8% 535 535 0.03% 2,315 0.1% (1,779) -76.9%
NET PROFIT/(LOSS) BEFORE ZAKAT 34,484 2.4% 222,920 14.8% (188,436) -84.5% 6,459 8.8% 16,550 17.7% (10,091) -61.0% 40,943 40,943 2.6% 239,470 14.9% (198,527) -82.9%
ZAKAT 1,260 0.09% 9,120 0.60% (7,860) -86.2% 150 0.2% 2,316 2.5% (2,166) -93.5% 1,410 1,410 0.09% 11,436 0.7% (10,026) -87.7%
NET PROFIT/(LOSS) 33,224 2.30% 213,799 14.15% (180,576) -84.46% 6,309 8.61% 14,235 15.19% (7,925) -55.68% 39,533 39,533 2.56% 228,034 14.21% (188,501) -82.66%
Aldrees Petroleum and Transport Services Company
PROFIT & LOSS STATEMENT-SUMMARY
2020 versus 2019
Q4 2020 -versus- Q4 2019
PARTICULARSPETROLEUM DIVISION TRANSPORT DIVISION ALDREES - CONSOLIDATED
Q4 2020 Q4 2019 VARIANCEQ4 2019 VARIANCE Q4 2020 Q4 2019 Q4 2020 Q4 2020VARIANCE(In Thousand Saudi Riyals)
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2020 2019
544 482
Total Number of Stations as of 31 Dec. 2020
Aldrees Presentation Q3 Fy2020
Stations All Over KSA10,000 stations
1st – ALDREES (5%)
3rd NAFT (2%)
Notes:An estimated of 10,000 Service Stations in KSA. ALDREES has the most number of Service Stations (5%) followed by Al Tashel’at at (3%), NAFT (2%) & SASCO (2%), and 88% is privately owned (among small players).
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Infographics of Gas Stations Kingdom wide (KSA)
2nd – AL-TASHELAT (3%)
3rd SASCO (2%)
4th Privately owned (88%)
Aldrees Presentation Fy2020
Fuel sales & cost rates (in Riyals) by Liter (With VAT)
Notes: The above selling rates are within the 50 kilometers range from ARAMCO, then, for every additional 50 kilometers from refinery the selling rates are increased by one halala/liter.
14Aldrees Presentation Fy2020
Purchase Sales Margin Purchase Sales Margin Purchase Sales Margin
Petrol 91 1.29 1.44 0.15 1.29 1.44 0.15 1.27 1.42 0.15
Petrol 95 1.44 1.59 0.15 1.43 1.58 0.15 1.40 1.55 0.15
Diesel 0.42 0.47 0.05 0.42 0.47 0.05 0.42 0.47 0.05
Effective 11 Oct. 2020 Effective 11 Nov. 2020 Effective 11 Dec. 2020Fuel Type
Adjusted Rates
Aldrees Presentation Fy2020 15
Aldrees Presentation Fy2020 16
ALDREES PETROLEUM AND TRANSPORT SERVICES CO.
TRANSPORT DIVISION
VARIANCE ANALYSIS REPORT - YTD 2020 vs 2019
(AMOUNT IN MILLIONS SAR)(AMT IN SAR MILLIONS)
AMOUNT AMOUNT AMOUNT
(SAR) % (SAR) % (SAR) %
SALES REVENUE TOTAL 294.5 100.0% 358.8 100.0% (64.2) -17.9%
A. FUEL OIL
FUEL OIL TOTAL 86.2 29.3% 84.9 23.7% 1.3 1.5%
B. GRAINS AND OTHERS
GRAINS AND OTHERS TOTAL 16.6 5.6% 0.1 0.0% 16.5 16322.1%
C. CHEMICALS
CHEMICALS TOTAL 114.6 38.9% 202.1 56.3% (87.5) -43.3%
D. UNITED SUGAR BULK 7.4 2.5% 10.1 2.8% (2.7) -26.7%
OTHERS 0.8 0.3% 0.0 0.0% 0.8 20.0
TOTAL TRANSPORTATION OPERATIONS 225.7 76.6% 297.3 82.9% (71.6) -24.1%
SUPPLY CHAIN OPERATIONS
E. WAREHOUSING CONTRACTS 12.9 4.4% 11.9 3.3% 1.0 8.5%
F. OFF SITE CONTAINER SERVICES 48.5 16.4% 35.4 9.9% 13.1 36.9%
OFF SITE CONTAINER SERVICES - SUBCON 2.3 0.8% 8.2 2.3% (5.9) -72.1%
G. ONSITE FUEL OPERATIONS 0.4 0.1% 4.0 1.1% (3.5) -89.3%
H. ISO TANK CONTAINER SERVICES 2.6 0.9% 0.4 0.1% 2.2 530.6%
I. EQUIPMENT RENTAL AND REPAIRS 2.2 0.7% 1.6 0.5% 0.6 34.8%
TOTAL SUPPLY CHAIN OPERATIONS 68.9 23.4% 61.5 17.1% 7.4 12.0%
TOTAL SALES REVENUE 294.5 100.0% 358.8 100.0% (64.2) -17.9%
TOTAL TRUCKS RELATED SALES 276.7 333.1
YTD 2020 YTD 2019 VARIANCE
Aldrees Presentation Q3 Fy2020 17
Description 2020 2019
Tractors Heads 1,250 1,255
Trailers 2,444 2,390
Total Number of Tractor Heads & Trailers as of 31 Dec. FY2020
Aldrees Presentation Fy2020 18
ALDREES BERTSCHI LOGISTICS SERVICES COMPANYINCOME STATEMENT YTD 31st December 2020
Amount in Saudi Riyals
Amount Ratio Amount Ratio Amount Var % Amount Ratio Amount Ratio Amount Var %
-------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL NET INCOME BEFORE ZAKAT 727,811.74 40.58 317,655.85 33.22 410,155.89 129.12 9,530,656.36 46.26 1,967,169.82 19.54 7,563,486.54 384.49 -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
NET INCOME/(LOSS) ALDREES SHARE 4,765,328
NET INCOME/(LOSS) ALDREES SHARE ZAKAT 270,347
NET INCOME/(LOSS) ALDREES SHARE AFTER ZAKAT 4,494,981
YTD VarianceCurrent Period Same-Period-Last-Yr Current Variance Year-To-Date Year-To-Date-Last-Yr
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