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COMPANY PROFILE - aldrees.com · COMPANY PROFILE 31st Mar FY2019. THE COMPANY THE VISION To be one...
Transcript of COMPANY PROFILE - aldrees.com · COMPANY PROFILE 31st Mar FY2019. THE COMPANY THE VISION To be one...
ALDREES PETROLEUM & TRANSPORT SERVICE CO.
COMPANY PROFILE
31st Mar FY2019
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 والنقليات
One of the top multi-commodity transportation companies in Saudi Arabia
• 3679 fleet strength of various types of trucks and trailers as of March 31, 2019
(1275 tractor heads & 2404 of various tanker, dumper, and trailer types)
• ISO 9001 & OHSAS 18001-certifed operation. SQAS Audit Certification by CEFIC
• GPS-equipped fleet for special projects
• ERP-supported operations
WHAT WE ARE NOW
The biggest petroleum retail company in Saudi Arabia
• 448 Petrol Stations as of March 31, 2019
• ISO 9001 & OHSAS 18001-certified operation
• 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.
شركة الدريس للخدمات البترولية والنقليات
2404 Trailers
1275 Tractor Heads
5387 Employees
448
Gas Stations58
years
189K Ton per week1.3 BillionQ1 Y2019 Revenue
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 Financial Report ended 31 March 2019 ITLE
7
Presented by
Rasmy G. Awad
Financial Consultant
Historical Data
ALDREES was established as a family company in 1962.
The group has nine divisions; the two biggest divisions, the Petroleum and Transport became listed company in the year 2006, known today as ALDREES PETROLEUM AND TRANSPORT SERVICES COMPANY.
8
10
Number of Employees 3,185 3457 -272 -7.87% 2202 2160 42 1.94% 5387 5617 -230 -4.09%
Number of Stations 448 459 -11 -2.40% 0 0.00% 448 459 -11 -2.40%
Number of Trucks 0 0 0 0.00% 1275 1291 -16 -1.24% 1275 1291 -16 -1.24%
ELIMINATION
Amount Ratio Amount Ratio Amount % Amount Ratio Amount Ratio Amount % Amount ENTRIES Amount Ratio Amount Ratio Amount %
TOTAL SALES 1,226,324 100% 1,236,024 100% (9,700) -0.78% 91,995 100% 69,529 100% 22,466 32.31% 1,318,319 (20,378) 1,297,941 100% 1,285,176 100% 33,144 2.58%
NET SALES 1,226,324 100% 1,236,024 100% (9,700) -0.78% 91,995 100% 69,529 100% 22,466 32.31% 1,318,319 (20,378) 1,297,941 100% 1,285,176 100% 12,766 0.99%
TOTAL COST OF SALES 1,189,982 97.04% 1,186,016 95.95% 3,966 0.33% 60,695 65.98% 50,391 72.47% 10,304 20.45% 1,250,677 (20,378) 1,230,299 94.79% 1,216,028 94.62% 14,270 1.17%
371,018,509 ########
GROSS PROFIT/(LOSS) 36,342 2.96% 50,008 4.05% (13,667) -27.33% 31,301 34.02% 19,139 27.53% 12,162 63.55% 67,642 67,642 5.21% 69,147 5.38% (1,505) -2.18%
EXPENSES
SALES PROMOTION EXPENSES 880 0.07% 2,930 0.24% (2,050) -69.97% 369 0.40% 210 0.30% 160 75.99% 1,249 1,249 0.10% 3,140 0.24% (1,891) -60.21%
TOTAL GEN. & ADMIN. EXPENSES 15,723 1.28% 15,233 1.23% 490 3.22% 14,017 15.24% 10,341 14.87% 3,676 35.55% 29,740 29,740 2.29% 25,574 1.99% 4,166 16.29%
TOTAL S,G&A EXPENSES 16,603 1.35% 18,163 1.47% (1,560) -8.59% 14,386 15.64% 10,551 15.17% 3,836 36.35% 30,989 30,989 2.39% 28,714 2.23% 2,275 7.92%
OPERATING INCOME 19,739 1.61% 31,845 2.58% (12,106) -38.02% 16,914 18.39% 8,588 12.35% 8,326 96.95% 36,653 36,653 2.82% 40,433 3.15% (3,780) -9.35%
FINANCIAL CHARGES 13,665 1.11% 15,977 1.29% (2,312) -14.47% 3,114 3.38% 2,517 3.62% 597 23.70% 16,779 16,779 1.29% 18,494 1.44% (1,715) -9.28%
SHARE OF LOSS ON INVESTMENTS 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0 0.00% 0 0.00% 0 0.00%
OTHER INCOMES 7,717 0.63% (235) -0.02% 7,952 3383.3% 5,657 6.15% 840 1.21% 4,817 573.77% 13,374 13,374 1.03% 605 0.05% 12,769 2112.1%
NET PROFIT/(LOSS) BEFORE ZAKAT 13,790 1.12% 15,633 1.26% (1,843) -11.79% 19,458 21.15% 6,911 9.94% 12,547 -181.56% 33,248 33,248 2.56% 22,543 1.75% 10,704 47.48%
ZAKAT 1,680 0.14% 300 0.02% 1,380 460.00% 1,680 1.83% 150 0.22% 1,530 1020.00% 3,360 3,360 0.26% 450 0.04% 2,910 646.67%
NET PROFIT/(LOSS) 12,110 0.99% 15,333 1.24% (3,223) -21.02% 17,778 19.32% 6,761 9.72% 11,017 -162.96% 29,888 29,888 2.30% 22,093 1.72% 7,794 35.28%
Aldrees Petroleum and Transport Services Company
PROFIT & LOSS STATEMENT-SUMMARY
2019 versus 2018FOR Q1 ended 31 MARCH
Q1 2019 Q1 2018 VARIANCEQ1 2018 VARIANCE Q1 2019
ALDREES - CONSOLIDATED
(In Thousand Saudi Riyals)
Q1 2018 VARIANCE Q1 2019PARTICULARS
PETROLEUM DIVISION TRANSPORT DIVISIONQ1 2019
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Number of Employees 3,185 3,157 28 0.89% 2202 2047 155 7.57% 5387 5204 183 3.52%
Number of Stations 448 445 3 0.67% 0 0.00% 448 445 3 0.67%
Number of Trucks 0 0 0 0.00% 1275 1283 -8 -0.62% 1275 1283 -8 -0.62%
ELIMINATION
Amount Ratio Amount Ratio Amount % Amount Ratio Amount Ratio Amount % Amount ENTRIES Amount Ratio Amount Ratio Amount %
TOTAL SALES 1,226,324 100% 1,247,456 100% (21,133) -1.69% 91,995 100% 85,152 100% 6,844 8.04% 1,318,319 (20,378) 1,297,941 100% 1,315,359 100% (17,418) -1.32%
NET SALES 1,226,324 100% 1,247,456 100% (21,133) -1.69% 91,995 100% 85,152 100% 6,844 8.04% 1,318,319 (20,378) 1,297,941 100% 1,315,359 100% (17,418) -1.32%
TOTAL COST OF SALE 1,189,982 97.04% 1,210,830 97.1% (20,848) -1.72% 60,695 65.98% 57,209 67.19% 3,485 6.09% 1,250,677 (20,378) 1,230,299 94.79% 1,250,791 95.09% (20,492) -1.64%
########### 73,585,578
GROSS PROFIT/(LOSS) 36,342 2.96% 36,626 2.94% (285) -0.78% 31,301 34.02% 27,942 32.81% 3,359 12.02% 67,642 67,642 5.21% 64,568 4.91% 3,074 4.76%
EXPENSES
SALES PROMOTION EXPENSES 880 0.07% 968 0.08% (88) -9.05% 369 0.40% 220 0.26% 149 67.76% 1,249 1,249 0.10% 1,188 0.09% 62 5.19%
TOTAL GEN. & ADMIN. EXPENSES 15,723 1.28% 13,518 1.08% 2,205 16.31% 14,017 15.24% 12,720 14.94% 1,297 10.19% 29,740 29,740 2.29% 26,238 1.99% 3,501 13.34%
TOTAL S,G&A EXPENSES 16,603 1.35% 14,486 1.16% 2,117 14.61% 14,386 15.64% 12,940 15.20% 1,446 11.17% 30,989 30,989 2.39% 27,426 2.09% 3,563 12.99%
OPERATING INCOME 19,739 1.61% 22,141 1.77% (2,402) -10.85% 16,914 18.39% 15,002 17.62% 1,913 12.75% 36,653 36,653 2.82% 37,142 2.82% (489) -1.32%
FINANCIAL CHARGES 13,665 1.11% 16,162 1.30% (2,497) -15.45% 3,114 3.38% 3,256 3.82% (143) -4.38% 16,779 16,779 1.29% 19,418 1.48% (2,639) -13.59%
SHARE OF INCOME(LOSS)-INVESTMENTS 0 0.00% 0 0.00% 0 0.00% 0 0.00% 2,550 2.99% (2,550) -100.0% 0 0 0.00% 2,550 0.19% (2,550) -100.0%
OTHER INCOMES 7,717 0.63% (125) -0.01% 7,842 6255% 5,657 6.15% 448 0.53% 5,208 1161.38% 13,374 13,374 1.03% 323 0.02% 13,051 4039.3%
NET PROFIT/(LOSS) BEFORE ZAKAT 13,790 1.12% 5,853 0.47% 7,937 135.61% 19,458 21.15% 14,744 17.32% 4,714 31.97% 33,248 33,248 2.56% 20,597 1.57% 12,651 61.42%
ZAKAT 1,680 0.14% 300 0.02% 1,380 460.00% 1,680 1.83% 776 0.91% 904 116.36% 3,360 3,360 0.26% 1,076 0.08% 2,284 212.13%
NET PROFIT/(LOSS) 12,110 0.99% 5,553 0.45% 6,557 118.09% 17,778 19.32% 13,968 16.40% 3,810 27.28% 29,888 29,888 2.30% 19,520 1.48% 10,367 53.11%
Aldrees Petroleum and Transport Services Company
PROFIT & LOSS STATEMENT-SUMMARY
Q1 2019 versus Q4 2018
Q1 2019 -versus- Q4 2018
PARTICULARSPETROLEUM DIVISION TRANSPORT DIVISION ALDREES - CONSOLIDATED
Q1 2019 Q4 2018 VARIANCEQ4 2018 VARIANCE Q1 2019 Q4 2018 Q1 2019 Q1 2019VARIANCE
(In Thousand Saudi Riyals)
12
Owned Rented Operated SAPTCO &
Others
T.2019 T.2018
16 373 38 21 448 459
PSD number of stations breakdown as of 31 March FY2019
13
NUMBER OF SERVICE STATIONS BY AREA
Central Province 247Eastern Province 83Western Province 85Southern Province 25Northern Province 8
TOTAL 448
Out of the (448) Service Stations,
there are (68) Service Stations
located in between highways.
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DESCRIPTIONNO. OF
STATIONRATIO
RENTED STATIONS 373 83%
OWNED STATIONS 16 4%
OPERATING STATIONS 38 8%
SAPTCO STATIONS & OTHERS** 21 5%
TOTAL 448 100%
CONTRACTS MORE THAN 10 YEARS 174 47%
CONTRACTS LESS THAN 10 YEARS 199 53%
RENTED STATIONS ON AVERAGE
LEASING PERIOD10 YEARS
YEARLY AVERAGE RENTAL COST
PER STATION SR600,000
YEARLY AVERAGE RENTAL INCOME
PER STATIONSR420,000
SERVICE STATION OPERATIONS
AS OF 31 MARCH 2019
** (13) Stations – SAPTCO , (1) Station – Air Force, (4) Stations – Gen Security,(1) Station – Transport Division –
(1) Station – Gen Intelligence – (1) Station – Gen Investigation
Stations All Over KSA10,000 stations
1st Al-DREES (5%)
2nd Al-TASHELAT (3%)
3rd NAFT (2%)
3rd SASCO (2%)
4th INDIVIDUALS (88%)
Notes:There are estimated 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%), and88% is privately owned (among small players).
15
Fuel sales & cost rates by Halalas/Liter (Without VAT)
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.
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Purchase Sales Margin Purchase Sales Margin
Petrol 91 66 75 9 121 130 9
Petrol 95 81 90 9 185 194 9
Diesel 41.55 45 3.45 41.50 45 3.50
Fuel Type
Old / Previous Rates as of
29 Dec 2015
Revised Rates as of
01 Jan 2018
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Credit Cash Total Credit Cash Total Credit Cash Total
Q1 448 85,739 231,848 317,587 7,681 37,165 44,846 81,799 606,878 688,677 733,523
TOTAL 448 85,739 231,848 317,587 7,681 37,165 44,846 81,799 606,878 688,677 733,523
17.47
1.19
18.00
Credit Cash Total Credit Cash Total Credit Cash Total
Q1 459 99,324 180,655 279,979 10,663 56,740 67,403 95,102 569,802 664,904 732,307
TOTAL 459 99,324 180,655 279,979 10,663 56,740 67,403 95,102 569,802 664,904 732,307
14.67
1.71
16.53
Credit Cash Total Credit Cash Total Credit Cash Total
DIFF (11) -13,585 51,193 37,608 -2,982 -19,575 -22,557 -13,303 37,076 23,773 1,216
% -2.40% -13.68% 28.34% 13.43% -27.97% -34.50% -33.47% -13.99% 6.51% 3.58% 0.17%
TOTAL SALES VOLUME VARIANCE - INCREASE(DECREASE)
PERIOD NO. OF
STATIONS
DIESEL (Liters) PETROL 95 (Liters) PETROL 91 (Liters) TOTAL SALES
-PETROL
Daily Average Sales Per Station for Diesel 212 St)
Daily Average Sales Per Station for petrol 95 439 St )
Daily Average Sales Per Station for petrol 91 (447) ST
PERIOD
Fy2018
NO. OF
STATIONS
DIESEL (Liters) PETROL 95 (Liters) PETROL 91 (Liters)TOTAL SALES-
PETROL
Daily Average Sales Per Station for Diesel 202 St)
Daily Average Sales Per Station for petrol 95 388 St )
Daily Average Sales Per Station for petrol 91 (425 ) ST
2018 Sales Quantity
SALES VOLUME - PETROL & DIESEL FY 2019- 2018 Qty ( .000) ( STATIONS )
2019 Sales Quantity
PERIOD
Fy 2019
NO. OF
STATIONS
DIESEL (Liters) PETROL 95 (Liters) PETROL 91 (Liters) TOTAL SALES
-PETROL
18
Credit Cash Total Credit Cash Total Credit Cash Total
Q1 448 126,692 231,848 358,540 8,035 37,165 45,200 98,433 606,878 705,311 750,511
TOTAL 448 126,692 231,848 358,540 8,035 37,165 45,200 98,433 606,878 705,311 750,511
Credit Cash Total Credit Cash Total Credit Cash Total
Q1 459 140,167 180,655 320,822 11,659 56,740 68,399 119,325 569,802 689,127 757,526
TOTAL 459 140,167 180,655 320,822 11,659 56,740 68,399 119,325 569,802 689,127 757,526
Credit Cash Total Credit Cash Total Credit Cash Total
DIFF (11) -13,475 51,193 37,718 -3,624 -19,575 -23,199 -20,892 37,076 16,184 -7,015
% -2.40% -9.61% 28.34% 11.76% -31.08% -34.50% -33.92% -17.51% 6.51% 2.35% -0.93%
TOTAL SALES VOLUME VARIANCE - INCREASE(DECREASE)
PERIOD NO. OF
STATIONS
DIESEL (Liters) PETROL 95 (Liters) PETROL 91 (Liters) TOTAL SALES-
PETROL
2018 Sales Quantity
PERIOD
Fy 2017
NO. OF
STATIONS
DIESEL (Liters) PETROL 95 (Liters) PETROL 91 (Liters)TOTAL SALES-
PETROL
SALES VOLUME - PETROL & DIESEL FY 2019 -2018 Qty ( .000) ( TOTAL SALES )
2019Sales Quantity
PERIOD
Fy 2018
NO. OF
STATIONS
DIESEL (Liters) PETROL 95 (Liters) PETROL 91 (Liters) TOTAL SALES
-PETROL
ALDREES PETROLEUM AND TRANSPORT SERVICES CO.TRANSPORT DIVISION
VARIANCE ANALYSIS REPORT - Q1 YTD 2019 VS 2018
(AMOUNT IN MILLIONS SAR)
(AMT IN SAR MILLIONS)AMOUNTASSIGNED AMOUNTASSIGNED AMT. ASSIGNED
(SAR) TRUCKS % (SAR) TRUCKS % (SAR) TRUCKS %
SALES REVENUE TOTAL 92.0 1,275 100.0% 69.5 1,291 100.0% 22.5 (16) 32.3%
A. FUEL OIL
PETROL SERV. DIV. - PSD 12.2 235 13.2% 12.6 235 18.1% (0.4) 0 -3.4%
MAADEN GROUP 0.0 0 0.0% 0.0 0 0.1% (0.0) 0 -100.0%
LOCAL Cash Fuel Delivery 0.9 18 1.0% 1.1 22 1.5% (0.1) (4) -13.2%
LOCAL Cash Fuel - Cost 3.5 3.8% 3.2 4.6% 0.3 0 8.1%
HFO - NRCC, MAADEN 2.0 46 2.2% 2.1 50 3.1% (0.1) (4) -5.2%
BASE OIL 1.7 32 1.9% 2.5 50 3.6% (0.8) (18) -30.9%
FUEL OIL TOTAL 20.3 331 22.1% 21.5 357 31.0% (1.2) (26) -5.8%
B. GRAINS AND OTHERS
BARLEY, CORN, SOYA 0.1 2 0.1% 0.0 0 0.0% 0.1 2 100.0%
SOYA & CORN SUBCON 0.0 0.0% 0.0 0.0% 0.0 0 0.0%
WHEAT - GRAIN SILO 0.0 2 0.0% 0.2 15 0.2% (0.2) (13) -100.0%
CEMENT SILOS - OTHERS 0.0 0 0.0% 0.1 25 0.1% (0.1) (25) -100.0%
GRAINS AND OTHERS TOTAL 0.1 4 0.1% 0.3 40 0.4% (0.2) (36.0) -60.3%
C. CHEMICALS
SABIC 6.0 118 6.5% 7.1 160 10.2% (1.1) (42) -15.6%
NON-SABIC 6.3 115 6.8% 6.6 130 9.4% (0.3) (15) -4.2%
MAADEN-MWSPC-MS/MGA-TRANSPORT 46.9 290 51.0% 22.2 290 31.9% 24.7 0 111.3%
MAADEN-MWSPC-MS/MGA-STANDBY 0.0 0.0% 0.0 0.0% 0.0 100.0%
CHEMICALS TOTAL 59.2 523 64.4% 35.9 580 51.6% 23.4 (57.0) 65.1%
D. UNITED SUGAR BULK 2.3 54 2.5% 3.2 48 4.6% (0.9) 6 -28.3%
TOTAL TRANSPORTATION OPERATIONS 81.9 912 89.0% 60.9 1,025 87.5% 21.1 (113) 34.6%SUPPLY CHAIN OPERATIONS
E. WAREHOUSING CONTRACTS 2.8 0 3.1% 2.5 0 3.5% 0.4 0 15.0%
F. OFF SITE CONTAINER SERVICES 6.1 145 6.6% 5.0 135 7.2% 1.1 10 22.5%
G. ONSITE FUEL OPERATIONS 1.0 21 1.0% 1.0 21 1.5% (0.1) 0 -5.6%
H. ISO TANK CONTAINER SERVICES 0.1 6 0.1% 0.2 6 0.3% (0.1) 0 -100.0%
TOTAL SUPPLY CHAIN OPERATIONS 10.0 172 10.9% 8.7 162 9.4% 1.4 10.0 15.7%
DOWN TIME AND OTHERS 0.0 191 0.0% 0.0 104 0.0% 0.0 87 100.0%
TOTAL SALES REVENUE 92.0 1,275 100.0% 69.5 1,291 97.0% 22.4 (16) 32.3%
TOTAL TRUCKS RELATED SALES 88.2 66.0
YTD 2019 YTD 2018 VARIANCE
MAN MITSUBISHI /
MODEL TGA19-400 ISUZU PER YEAR
2003 1 0 1
2004 49 0 49
2005 73 0 73
2006 57 46 103
2007 56 38 94
2008 69 41 191 301
2009 20 35 55
2011 1 98 99
2012 16 94 110
2013 2 239 241
2014 110 110
2015 25 25
2016 4 10 14
TOTAL 85 7 873 310 1,275
BRAND
%6.67% 0.55% 68.47% 24.31% 100%
TOTAL PER BRAND
MERCEDES VOLVO
TRANSPORT FLEET ANALYSIS AS OF 31 MAR 2019
YEARGRAND TOTAL
23
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