Welcome to Zamil Industrial

Quarterly Performance

Accounts ('000)	Q1 2012	Q2 2012	Q3 2012	Q4 2012

Sales	1,102,103	1,344,786	1,281,537	1,664,133
Gross Profit	240,610	283,539	273,148	355,921
Net Income	37,509	55,767	46,790	61,388

Yearly Performance

Accounts ('000)	2012	2011	Change (%)

Sales	5,392,559	4,727,695	+14.06
Gross Profit	1,153,218	1,051,235	+9.70
Net Income	201,454	154,190	+30.65

Financial Position

Accounts ('000)	Q1 2012	Q2 2012	Q3 2012	Q4 2012

Current Assets	2,391,576	2,622,989	2,662,812	2,720,288
Inventory	1,908,488	1,850,040	1,824,277	1,715,230
Total Assets	6,300,665	6,471,084	6,487,916	6,478,217
Current Liabilities	3,987,003	4,217,720	4,307,999	4,304,567
Total Liabilities	4,662,466	4,821,761	4,823,389	4,761,746
Shareholder's Equity	1,393,216	1,388,359	1,394,847	1,450,709

Financial Position

Accounts ('000)	2012	2011	Change (%)

Current Assets	2,720,288	2,365,637	+14.99
Inventory	1,715,230	1,878,550	-8.69
Total Assets	6,478,217	6,213,173	+4.27
Current Liabilities	4,304,567	3,961,018	+8.67
Total Liabilities	4,761,746	4,630,384	+2.84
Shareholder's Equity	1,450,709	1,349,672	+7.49

Statement of Comprehensive Income

Accounts ('000)	Q1 2012	Q2 2012	Q3 2012	Q4 2012

Sales	1,102,103	1,344,786	1,281,537	1,664,133
Cost of Sales	861,493	1,061,247	1,008,389	1,308,212
Gross Profit	240,610	283,539	273,148	355,921
Selling and Distribution	92,626	102,395	99,679	115,339
General and Administration	77,172	84,331	90,305	127,433
Total Expenses	169,798	186,726	189,984	242,772
Operating Income	70,812	96,813	83,164	113,149
Financial Charges	19,477	20,294	20,976	30,142
Other Income	2,687	3,400	2,216	3,155
Other Expenses	12,296	16,367	9,343	4,150
Net Income Before Zakat	41,726	63,552	55,061	82,012
Zakat	4,217	7,785	8,271	20,624
Net Income	37,509	55,767	46,790	61,388

Statement of Financial Position

Accounts ('000)	Q1 2012	Q2 2012	Q3 2012	Q4 2012

Current Assets	2,391,576	2,622,989	2,662,812	2,720,288
Inventory	1,908,488	1,850,040	1,824,277	1,715,230
Fixed Assets	1,471,385	1,478,324	1,474,248	1,567,478
Other Assets	187,756	187,539	194,753	198,373
Total Assets	6,300,665	6,471,084	6,487,916	6,478,217
Current Liabilities	3,987,003	4,217,720	4,307,999	4,304,567
Non-Current Liabilities	675,463	604,041	515,390	457,179
Other liabilities	244,983	260,964	269,680	265,762
Shareholder's Equity	1,393,216	1,388,359	1,394,847	1,450,709
Total Liabilities & Shareholders Equity	6,300,665	6,471,084	6,487,916	6,478,217
Total Liabilities	4,662,466	4,821,761	4,823,389	4,761,746

Statement of Cash Flow

Accounts ('000)	Q1 2012	Q2 2012	Q3 2012	Q4 2012

Net Income	37,509	93,276	140,066	201,454
Depreciation	34,715	67,145	102,615	146,275
Accounts Receivable	-9,237	-149,003	-280,162	-256,678
Inventory	-29,938	28,510	54,273	171,409
Prepaid Expenses
Accounts Payable	-66,486	37,474	41,232	13,759
Purchases of Fixed Assets	-59,304	-106,682	-134,716	-215,603
Cash at Begining of Period	285,867	285,867	285,867	285,867
Cash at End of Period	302,569	394,216	302,880	346,051

Statement of Comprehensive Income

Accounts ('000)	2012	2011

Sales	5,392,559	4,727,695
Cost of Sales	4,239,341	3,676,460
Gross Profit	1,153,218	1,051,235
Selling and Distribution	410,039	414,640
General and Administration	379,241	375,414
Total Expenses	789,280	792,920
Operating Income	363,938	258,315
Financial Charges	90,889	61,166
Other Income	11,458	19,079
Other Expenses	42,156	19,105
Net Income Before Zakat	242,351	176,508
Zakat	40,897	22,318
Net Income	201,454	154,190
DPS		1.5
EPS	3.36	2.57

Statement of Financial Position

Accounts ('000)	2012	2011

Current Assets	2,720,288	2,365,637
Inventory	1,715,230	1,878,550
Fixed Assets	1,567,478	1,444,502
Other Assets	198,373	188,028
Total Assets	6,478,217	6,213,173
Current Liabilities	4,304,567	3,961,018
Non-Current Liabilities	457,179	669,366
Other liabilities	265,762	233,117
Shareholder's Equity	1,450,709	1,349,672
Total Liabilities & Shareholders Equity	6,478,217	6,213,173
Total Liabilities	4,761,746	4,630,384

Statement of Cash Flow

Accounts ('000)	2012	2011

Net Income	201,454	154,190
Depreciation	146,275	138,356
Accounts Receivable	-256,678	-423,494
Inventory	171,409	-162,765
Prepaid Expenses
Accounts Payable	13,759	-102,651
Purchases of Fixed Assets	-215,603	-240,545
Cash at Begining of Period	285,867	296,171
Cash at End of Period	346,051	285,867

Statement of Comprehensive Income

Accounts ('000)	2008	2009	2010	2011	2012

Sales	4,549,602	4,204,412	4,018,412	4,727,695	5,392,559
Gross Profit	965,581	951,762	995,430	1,051,235	1,153,218
Net Income	225,136	230,150	211,134	154,190	201,454

Statement of Financial Position

Accounts ('000)	2008	2009	2010	2011	2012

Total Assets	5,370,220	4,663,066	4,907,316	6,213,173	6,478,217
Current Liabilities	3,160,062	2,433,395	2,755,223	3,961,018	4,304,567
Total Liability & Shareholder's Equity	5,370,220	4,663,066	4,907,316	6,213,173	6,478,217
Total Liabilities	4,268,725	3,374,579	3,508,525	4,630,384	4,761,746

Growth Rates

Accounts ('000)	1 Year Change	3 Year Change	5 Year Change

Sales	14.06%	28.26%	46.49%
Operating Income	40.89%	-1.49%	25.41%
Net Income	30.65%	-12.47%	-2.44%
Current Assets	14.99%	53.62%	103.76%
Fixed Assets	8.51%	44.31%	119.18%
Total Assets	4.27%	38.93%	63.40%
Shareholder's Equity	7.49%	21.35%	62.58%

41.40
0.30 (0.73 %)

Previous Close : 41.10	52w High : 42.80
Trading Volume : 293,634	52w Low : 27.50
Last Updated : 13:25 18/06/2013

Ratio

Accounts ('000)	2012	2011

Current Ratio	1.04	1.08
Quick Ratio	0.63	0.60
Debt/Equity (%)	2.89	3.04
Gross Profit Margin (%)	21.76	22.24
Net Profit Margin (%)	3.76	3.26
Return On Assets (%)	3.10	2.80
Return On Equity (%)	14.40	11.70
Book Value	24.15	22.49
EPS	3.36	2.57
Dividend per Share	1.50	1.50
Payout Ratio	44.68	58.37

Subsidiaries

Company	Principal Activity	Country	Equity

Zamil Steel Buildings Co.	Steel Buildings	Egypt	100.00%
Zamil Steel Building Ind. Private Ltd.	Steel manufacturing	India	100.00%
Clima Tech	Manufacturing Air Conditioners	Austria	100.00%
Zamil for Inspection and Maintenance of Industrial Projects Co. Ltd.	Industrial Projects Inspection & Maintenance	Saudi Arabia	100.00%
Zamil Steel Buildings	Steel Buildings	Vietnam	92.27%
GIG	Manufacturing Insulation Material	Saudi Arabia	51.00%
Rabia Nassar and Zamil Concrete Industries	Designing & manufacturing concrete buildings	Saudi Arabia	50.00%
Zamil Hudson Co.	Manufacturing Fans	Saudi Arabia	50.00%

Associates

Company	Principal Activity	Country	Equity

Zamil Infra Pvt. Ltd.	Manufacturing steel equipment	India	51.00%
Armacell Al Zamil Middle East Co.	Manufacturing adhesive material from rubber	Saudi Arabia	49.00%
Zamil Air Conditioners India Private Ltd.	Manufacturing and assembling of air-conditioners	India	100.00%
Saudi Aerated Concrete Industries Co.	Manufacturing aerated concretes	Saudi Arabia	27.50%
Energy Central Co.	Power generation and central cooling services	Bahrain	25.00%

Joint Ventures

Company	Principal Activity	Country	Equity

Geoclima	Manufacturing water coolers	Italy	45.00%
Canam Asia Ltd.	Manufacturing steel joists and structural steel components	Saudi Arabia	65.00%
Middle East Airconditioners Co.	Manufacturing Air Conditioners	Saudi Arabia	51.00%
Arabian Fiberglass Insulation Co.	Manufacturing of Insulation products	Saudi Arabia	51.00%
Energy Central Co.	Power generation and central cooling services	Saudi Arabia	51.00%
PetroChem Zamil	Fired Heaters / Process Furnaces	Saudi Arabia	50.00%

Other Investments

Company	Principal Activity	Country	Equity

IIP Paper Co. Ltd.	Manufacturing paper towels	Cayman Islands	10.00%
Kinan International Real Estate Development Co.	Real estate Development	Saudi Arabia	2.11%
Drake & Scull International	Integrated services	UAE	2.00%

.:: 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 (PEB), structural steel products, air conditioning systems, air cooled heat exchangers, district cooling and utility services, process equipment, transmission and telecom towers, open web joists and steel decks, process furnaces products, aerated and precast concrete products, architectural glass processing, Fibreglass insulation and engineered plastic foams solutions. The company sells its products in more than 90 countries with manufacturing facilities in Saudi Arabia, United Arab Emirates, Egypt, Austria, India, Vietnam and Italy. Zamil Industrial employs more than 10,000 people in 55 countries and derives 30% of its revenues from outside Saudi Arabia.

Business Activity

Manufacturing, Selling, Supplying, Erection, Fabrication of Engineering systems and services and maintenance

Ownership

Private Sector 95.65%, Govt. Sector 4.35%

Establishment Date

08/07/1998

Fiscal Year

Jan. 01 - Dec. 31

.:: Financial Overview

For the year ended 31 December 2012, Zamil Industrial posted a turnover of SAR 5.3 billion/USD 1.42 billion, an increase of 13.3 percent over 2011, with net profit, after Zakat contribution, of SAR 201.5 million/USD 53.7 million. Post Zakat Earnings Per Share during 2012 was SAR 3.36/USD 0.90. Shareholders' equity grew by 7.9% to SAR 1.7 billion/USD 455 million. Export sales accounted for SAR 1.2 billion/USD 314 million.

.:: Contact

Email:

info@zamilindustrial.com

PO Box:

P.O. Box 14441 Dammam 31424

Telephone:

+966 3 810 8111

Fax:

+966 3 810 8199

Twitter:

www.twitter.com/Zamilindustrial

.:: Board Members

Dr. Abdulrahman Abdullah Al Zamil (Chairman)

Dr. Soliman Abdulaziz Al Solaim

Khaled Sulaiman Olayan

Abdullah Saleh Jum'ah Al-Dossari

Ahmed Abdullah Al Zamil

Abdulrahman Faris Al-Suwailem

Khalid Abdullah Al Zamil

Adib Abdullah Al Zamil

Abdulla Mohammed Al Zamil (CEO)

.:: External Auditors

Deloitte & Touche Bakr Abulkhair & Co.