Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — Q2 2022 Earnings Presentation
16 slides from Shuaa Capital (p.s.c)'s earnings presentation, Aug 11, 2022
Slide 1: Earnings Presentation Q2 2022
Earnings Presentation Q2 2022 11 August 2022 © 2022 SHUAA Capital psc. All rights reserved
Slide 2: Executive Summary
Executive Summary § Q2 2022 net operating income of AED 6 million1 compared to AED 24 million1 in Q1 2022 mainly due to Group’s NCM trading platform higher contribution in Q1 2022 compared to Q2 2022 (NCM – Rev Q1 22 AED 44m vs Q2 22 AED 27m). Financial § Q2 2022 net loss attributable to shareholder
Slide 3: Key Financial Highlights Q2 2022
Key Financial Highlights Q2 2022 Q2 2022 Financial Performance Commentary % Change % Change Income Statement (AED Mn) Q2-22 Q1-22 vs. Q1-22 Q2-21 vs. Q2-21 Net Fee and Commission Revenue 56.1 81.5 (31%) 67.7 (17%) Q2 2022 net operating income excl. one-off Other Revenue 7.4 7.9 (6%) 6.5 15% items an
Slide 4: Revenue Breakdown
Revenue Breakdown Quarter-on-Quarter Revenues Commentary AEDmn Recurring revenues continue to contribute Asset Management significantly coupled with the strong performance of Group’s trading platform NCM Investment Banking (25) (29%) Corporate § Asset Management business continues to post recurring
Slide 5: Asset Management Segment Performance
Asset Management Segment Performance Asset Management Revenues Commentary AEDmn Real Estate Posted robust Q2 2022 results driven by the contribution Public Markets from recurring real estate revenues coupled with healthy fee performance from managed public market funds 57 Private Markets 1 Debt Real
Slide 6: Investment Banking Segment Performance
Investment Banking Segment Performance Investment Banking Revenues Commentary AEDmn Investment Banking delivered resilient performance Banking driven by stable trading income while a favourable deal Markets pipeline in H2 2022 expected to boost full year targets 13 Investment Management Banking: 0 §
Slide 7: Corporate Segment Performance
Corporate Segment Performance Corporate Revenues Commentary AEDmn Revenues remained strong despite the increased market 46 volatility and continued outperformance by NCM in Q2 2022 § Lower revenues posted in Q2 2022 as market volatility contributed to NCM outperformance in Q1 30 2022 28 § Declining
Slide 8: Operating Expense Breakdown
Operating Expense Breakdown Quarter-on-Quarter Expenses 1, 2, 3 Commentary AEDmn Staff Costs Other Expenses Cost discipline maintained across the Group despite (8) G&A Controllable Costs 13% increase in hiring activity to support business growth 114 offset by expense optimization initiatives D&A Pro
Slide 9: Continued progress on deleveraging
Continued progress on deleveraging Leverage Ratio Breakdown Commentary AEDmn § Committed to deleveraging the business with debt-to-equity ratio at 123% at Q2 123% 2022 § Average interest costs increased by 28 bps to 6.75% p.a. in Q2 2022 compared to Q1 2022 § Q2 2022 leverage ratio of 123% has 1,924
Slide 10: Appendix
Appendix
Slide 11: Other Income Breakdown
Other Income Breakdown Quarter-on-Quarter Other Income2 Commentary AEDmn Other Income/(Expenses) FV Gains/(Losses)2 Q2 2022 loss of AED 25m in other income resulting from net fair value losses within the investment portfolios Finance Costs Associates P&L (20) § Market volatility feeding through the
Slide 12: Quarterly P&L (Q1 2021-Q2 2022)
Quarterly P&L (Q1 2021-Q2 2022)1 Q2 Q1 Q4 Q3 Q2 Q1 AED '000 2022 2022 2021 2021 2021 2021 Int erest income 4,224 5,491 2,803 2,378 4,198 3,755 Int erest expense (2,338) (2,115) (1,288) (1,880) (1,656) (1,112) Net interest income 1,886 3,377 1,515 498 2,542 2,643 Fee and commission income 60,643 86,7
Slide 13: Balance Sheet Summary (2021-2022)
Balance Sheet Summary (2021-2022) AED '000 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 2022 2022 2021 2021 2021 2021 Assets Cash and deposits with banks 252,983 348,586 460,648 391,614 321,200 353,566 Receivables and other debit balances 201,808 229,195 351,041 249,404 251,400 244,691 Loans, advances
Slide 14: Disclaimer
Disclaimer THIS PRESENTATION IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. THIS PRESENTATION MAY NOT BE PUBLISHED OR FURTHER DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO ANY OTHER PERSON IN ANY JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO WOULD BE UNLAWFUL. By
Slide 15: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information This document contains forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the
Slide 16: SHUAA Capital psc Head Office
SHUAA Capital psc Head Office: The H Hotel Dubai, Offices Tower, Level 15, Office No. 1502 P.O. Box: 31045, Dubai, United Arab Emirates Tel: +971 (4) 330 3600, Fax: +971 (4) 330 3550, E-mail: info@shuaa.com, Website: www.shuaa.com A financial investment company licensed and regulated by the U.A.E. S