IPO

Investment Highlights

A number of factors make MEEZA the logical choice for customers focused on digital transformation – which, in turn, makes a stake in MEEZA the ideal choice for both short and long-term investment:

• Leading position in the drive for digitalisation

  o The world is experiencing a data boom, creating significant demand for data centers and IT services, a landscape in which we have a solid position.
  o The growth of data being created and used is expected to continue for the foreseeable future, driven by the continuous enterprise and government digitalisation efforts, cloud services, streaming and gaming platforms take-up, proliferation of smart devices with higher resolution and use of big data for data analytics and artificial intelligence.
  o Customers get the best value from IT service providers in a market like Qatar, where energy prices and telecoms connectivity are favourable and where supply chains are reliable.
  o MEEZA is the data center pioneer of Qatar, commanding approximately 50% of the Qatari market’s data center capacity, owning and operating 5 state-of-the-art data centers with a total capacity of 24.4MW.

• Unique positioning as the leading end-to-end IT services provider in Qatar

  o MEEZA QSTP LLC (Public) provides fully integrated, end-to-end IT services in the State of Qatar.
  o Our product offering includes but is not limited to data center and colocation services, managed services, solution services and cloud services.
  o We operate as the only IT services provider in Qatar that integrates 5 state-of-the-art data centers (known as M-Vault) with our IT services portfolio to provide tailored end-to-end solutions.
  o M-Vault data centers boast a guaranteed uptime of 99.98%, currently offering a total capacity of 24.4MW, with an additional c. 19.5MW of total capacity expansion currently being contemplated by management over the next 2 to 3 years to keep up with growing demand.

• Long-term customer relationships coupled with highly visible cash flows

  o We take pride in our client base which comprises of numerous strategic sovereign entities, international hyper-scalers, and large corporates.
  o Most of our contracts are long-term in nature, with some key data center related contracts extending up to 15 years.
  o This provides us with recurring revenue streams, high visibility on cash flows and allows for cross-selling new managed services and other ancillary IT services to our existing blue-chip client base.

• Strong profitability and solid financial position

  o Now that we have achieved economies of scale, MEEZA is now enjoying strong revenue growth and record annual profit margins year-on-year.
  o We have consistently recorded strong and stable growth over the last 3 years with revenue growing at a 11.3% CAGR between 2020 and 2022, coupled with an EBITDA CAGR of 10.9% over the same period, driven by a significant growth in demand for data center capacity and ancillary IT services.
  o MEEZA has also recorded a high profitability to shareholders, with net income growing at a CAGR of 22.4% over the last 3 years to reach QAR 52.1 million in 2022 (c. 15% net income margin).
  o In addition, MEEZA has maintained a healthy financial position, underpinned by a growing fixed asset base, significant cash reserves and low leverage.

• Highly experienced senior management team

  o Our senior management team has significant years of professional experience in the IT industry and a track record of successfully delivering, managing and integrating key strategic projects.
  o We boast a mix of local Qatari leaders coupled with the global expertise of foreign senior management members with track records at some of the world’s largest technology and service provider companies in the world.