Widam Food Company Q.P.S.C. Financial Performance FY 2023 Overview

Widam Food Company Q.P.S.C., a Qatari Public Shareholding Company, reported its financial performance for FY 2023. Total revenue grew by 9%, primarily driven by international sales. The company's gross profit margin improved to 19%, with a comprehensive income of QR 33.6 million. However, challenges such as inventory write-offs in Sudan negatively impacted the financials. Despite this, the company aims to continue its growth and profitability strategies.

• Widam Food
• Financial Performance
• FY 2023
• Qatari Company
• International Sales

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1. INVESTOR CONFERENCE CALL For the year ended 31 December 2023 Presented by: Amar Kulkarni, CFO Imperial Multipurpose Keynote Presentation Template.

2. ABOUT US Widam Food Company Q.P.S.C. (the Company ) was incorporated in accordance with the Resolution No. 75 of 2003 issued by the Minister of Economy and Finance of the State of Qatar as a Qatari Public Shareholding Company, and was registered at the Ministry of Economy and Commerce of the State of Qatar with the Commercial Registration No. 26911 dated 16 December 2003. The Company is domiciled in the State of Qatar, where it also has its principal place of business. Its registered office is at Fifth floor, Al Shomoukh Tower, Al Saad, Doha. The Company s principal activities include the import and trade of livestock, meat and feeds. In addition the Company is engaged in the slaughter of sheep and cattle and supplying the local market with fresh meat and related products Imperial Multipurpose Keynote Presentation Template.

3. Content Financial Performance Profit & Loss Statement of Financial Position Imperial Multipurpose Keynote Presentation Template.

4. Financial Performance FY 2023 2023 2022 % Variance Income Statement - 2023 Actual Comparative Actual FY 23 vs FY22 Commentary Revenue Cost of sales Operation Expense Gross Profit Profit Margin % Other income General and administrative expenses Operating Profit / (loss) Income from bank deposits Finance cost One-Off Items Dividend income Inventory Write-offs Provision for expected credit loss against trade recievable 528,568,722 (501,040,875) (51,366,932) 483,848,207 (443,287,525) (63,268,640) 9% (13)% 19% Total Revenue grew 9% ~ primarily driven by International Sales. (23,839,085) (22,707,958) 5% (4.5)% (5)% (4)% GM was impacted during the year due to clearance of excessive frozen stock acquired for world cup Dec-22. 129,455,103 (51,646,978) 15,444,350 (50,640,681) 738% (2)% 53,969,040 (57,904,289) 193% Other Income 2023 includes Ministry of Finance reimbursement (QR 115.2 mil) for Slaughter House cost for Services provided by Widam 174,774 (14,435,314) 681,510 (7,521,044) (74)% 92% Sudan : Due to continuing uncertainty and war in Sudan, Inventory Write-offof QR 34 mil and Provisions of QR 31 mil have negatively affected our 2023 financials. 0 2,015,060 0 1,113,905 (100)% 0% (3593)% (34,355,497) (38,908,967) TOTAL COMPREHENSIVE INCOME (33,555,964) (61,614,858) 46% Basic earnings per share (EPS) (0.19) (0.34) Imperial Multipurpose Keynote Presentation Template.

5. Financial Performance FY 2023 % 2022 2023 528,568,722 483,848,207 (443,287,525) (63,268,640) 9% (501,040,875) (51,366,932) (13)% % 9 . 19% (23,839,085) (22,707,958) 5% (4.5)% (5)% (4)% % 129,455,103 (51,646,978) 15,444,350 (50,640,681) 738% . (2)% 2023 ) . 53,969,040 (57,904,289) 193% 115.2 ( 174,774 (14,435,314) 681,510 (7,521,044) (74)% 92% : 34 0 2,015,060 0 1,113,905 (100)% 0% (3593)% 31 2023 . (34,355,497) (38,908,967) (33,555,964) (61,614,858) 46% (0.19) (0.34) Imperial Multipurpose Keynote Presentation Template.

6. Statement of Financial Position 31 DECEMBER 2023 Consolidation - December 2023 Consolidation December 2022 STATEMENT OF FINANCIAL POSITON Variance Variance DECEMBER 2023 % Qatari Riyal Qatari Riyal Qatari Riyal ASSETS Non-current assets Property and equipment Projects under progress Available for-sale-financial assets ROU asset Non-Current 2022 vs 2023 Commentary 39,221,196 29,252,802 9,968,394 34% 16,849,405 34,745,540 (17,896,135) (52)% Inventories (Var: (69) M) 46,536,480 58,208,620 (11,672,140) (20)% Reduction of high inventory for world cup, now reduced to normal business trending requirements. 122,362,484 130,584,336 (8,221,852) (6)% 224,969,565 252,791,298 (27,821,733) (11)% Current assets Inventories Accounts receivable and prepayments Cash and bank balances Cash and Bank (Var: 74 M) 21,424,928 90,704,154 (69,279,226) (76)% Ministry funding received in 2023 for QR 115.2 mil 179,824,698 114,857,708 64,966,990 57% 87,440,878 12,801,620 74,639,258 583% 288,690,504 218,363,482 70,327,022 32% TOTAL ASSETS 513,660,069 471,154,780 42,505,289 9% Imperial Multipurpose Keynote Presentation Template.

7. Statement of Financial Position 31 DECEMBER 2023 % 2022 2023 69 ) . 1285 ( : 39,221,196 29,252,802 9,968,394 34% 16,849,405 34,745,540 (17,896,135) (52)% 46,536,480 58,208,620 (11,672,140) (20)% 122,362,484 130,584,336 (8,221,852) (6)% 650 224,969,565 252,791,298 (27,821,733) (11)% 74 ) 2023 ( : 21,424,928 90,704,154 (69,279,226) (76)% 179,824,698 114,857,708 64,966,990 57% . 115.2 87,440,878 12,801,620 74,639,258 583% 288,690,504 218,363,482 70,327,022 32% 513,660,069 471,154,780 42,505,289 9% Imperial Multipurpose Keynote Presentation Template.

8. Statement of Financial Position 31 DECEMBER 2023 Consolidation - December 2023 Qatari Riyal Consolidation December 2022 Qatari Riyal STATEMENT OF FINANCIAL POSITON Variance Variance DECEMBER 2023 EQUITY AND LIABILITIES Equity Share capital Legal reserve Fair value reserve Translation reserve Retained Losses / earning Total equity Non-current liabilities Employees end of service benefits provision Lease liability - Non Current Qatari Riyal % 180,000,000 180,000,000 0 0% 88,972,991 88,972,991 0 0% 2022 vs 2023 Commentary 8,136,281 19,808,421 (11,672,140) (59)% (44,312,477) (48,035,809) 3,723,332 (8)% Islamic borrowing (Var: 69 Mil) Increase to support business Cash requirements during 2023 prior to receipt of funding from Ministry. (80,186,150) (46,630,186) (33,555,964) 72% 152,610,645 194,115,417 (41,504,772) (21)% 13,483,533 123,759,633 12,761,695 128,774,518 721,838 (5,014,885) 6% (4)% Fair Value reserve (Var: (11) Mil) Loss on market value of Share investment in Baladna Co. 137,243,166 141,536,213 (4,293,047) (3)% Current liabilities Islamic borrowings Accounts payable and accruals Lease liability 106,104,125 36,607,424 69,496,701 190% 109,625,633 90,435,226 19,190,407 21% 8,076,500 8,460,500 (384,000) (5)% 223,806,258 135,503,150 88,303,108 65% Total liabilities 361,049,424 277,039,363 84,010,061 30% TOTAL EQUITY AND LIABILITIES 513,660,069 471,154,780 42,505,289 9% Imperial Multipurpose Keynote Presentation Template.

9. Statement of Financial Position 31 DECEMBER 2023 2022 2023 % 180,000,000 180,000,000 0 0% 88,972,991 88,972,991 0 0% 8,136,281 19,808,421 (11,672,140) (59)% ( : 69 ) (44,312,477) (48,035,809) 3,723,332 (8)% (80,186,150) (46,630,186) (33,555,964) 72% 152,610,645 194,115,417 (41,504,772) (21)% 2023 13,483,533 123,759,633 12,761,695 128,774,518 721,838 (5,014,885) 6% (4)% 137,243,166 141,536,213 (4,293,047) (3)% ( : 11 ) 106,104,125 36,607,424 69,496,701 190% 109,625,633 90,435,226 19,190,407 21% 8,076,500 8,460,500 (384,000) (5)% 223,806,258 135,503,150 88,303,108 65% 361,049,424 277,039,363 84,010,061 30% 513,660,069 471,154,780 42,505,289 9% Imperial Multipurpose Keynote Presentation Template.

10. Disclaimer This presentation has been prepared for information purposes only and is not and does not form part of any offer for sale or solicitation of any offer to subscribe for or purchase or sell any securities nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Imperial Multipurpose Keynote Presentation Template.

11. Thank You Imperial Multipurpose Keynote Presentation Template.