Boubyan Bank K.s.c. · KSE:BOUBYAN
Boubyan Bank K.s.c — Boubyan Bank — Q3 2022 Earnings Presentation
22 slides from Boubyan Bank K.s.c's earnings presentation, Oct 20, 2022
Slide 1: Boursa Kuwait disclosure cover letter
Kuwait: 20/10/2022 Ref: 3489/2022 Mr. Mohammad Saud AI-Osaimi CEO Boursa Kuwait Dear Sir, PowerPoint Presentation of Third Quarter of 2022 Analysts’ Conference Call Reference is made to the provisions of Article no. (8-4-2) of Boursa Kuwait Rulebook issued by virtue of Resolution no. 1 of 2018, as a
Slide 2: Boubyan Bank Investor Presentation October 2022
Boubyan Bank Investor Presentation October 2022
Slide 3: Disclaimer
DISCLAIMER THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES N
Slide 4: Outline: Performance & Strategy at a glance
Outline 1 Boubyan’s Performance & Strategy – At a glance 2 Income statement analysis 3 Balance sheet analysis 4 Capitalisation and Leverage 3
Slide 5: Financial Highlights
Boubyan’s Performance & Strategy - At a Glance Financial Highlights Financial snapshot Market share (%) KD million 9M 2022 9M 2021 Growth % Net Profit to shareholders 48.6 31.9 52% 11.2 11.2 Operating Income 153.1 140.9 9% Operating Profit 79.1 76.2 4% 7.9 10.5 10.5 Total Assets 7,757 7,311 6% 7.7 F
Slide 6: The Bank's strategy builds on robust domestic foundations
Boubyan’s Performance & Strategy - At a Glance The Bank’s strategy builds on robust domestic foundations Strategic objectives ▪ Clear focus on high net worth and affluent clients ▪ Expand branch footprint Retail Banking ▪ Maintain leadership in customer experience ▪ Product and channel innovation ▪
Slide 7: Outline: Performance & Strategy at a glance
Outline 1 Boubyan’s Performance & Strategy – At a glance 2 Income statement analysis 3 Balance sheet analysis 4 Capitalisation and Leverage 6
Slide 8: Profitability and performance ratio
Income statement analysis Profitability and performance ratio Net profit (KD Million) Operating profit (KD Million) 52% 4% 48.6 76.2 79.1 31.9 9M 2021 9M 2022 9M 2021 9M 2022 * Return on Average Equity (%) Return on Average Assets (%) 0.9 8.7 6.8 0.6 9M 2021 9M 2022 9M 2021 9M 2022 * Return on Avera
Slide 9: Operating income components and Net Profit Margins
Income statement analysis Operating income components and Net Profit Margins Operating Income (KD Million) Net Financing Income Operating income Net Financing Income 9% 7% 140.9 153.1 119.4 127.6 9M 2021 9M 2022 9M 2021 9M 2022 Composition on operating income Net Profit Margin % Investment inc Fees,
Slide 10: Operating costs and efficiency
Income statement analysis Operating costs and efficiency Operating costs (KD Million) Composition of Operating costs Staff costs General & Admin Depreciation 14% 12% 13% 74.0 29% 26% 64.7 59% 61% 9M 2021 9M 2022 9M 2021 9M 2022 Operating efficiency (%) Operating costs to average assets (%) 48.3 1.3%
Slide 11: Provisions and related ratios
Income statement analysis Provisions and related ratios Provisions* (KD Million) General Specific 44.2 31.2 3.7 3.3 40.5 27.9 9M 2021 9M 2022 Loss ratio % Provisions to Operating profit % 0.86% 58.1% 0.55% 39.5% 9M 2021 9M 2022 9M 2021 9M 2022 * General Provisions are shown inclusive of contingent p
Slide 12: Outline: Performance & Strategy at a glance
Outline 1 Boubyan’s Performance & Strategy – At a glance 2 Income statement analysis 3 Balance sheet analysis 4 Capitalisation and Leverage 11
Slide 13: Assets and Sources of Funding
Balance sheet analysis Assets and Sources of Funding Total Assets (KD Million) Composition of assets PPE & Other assets Investments 6% *Liquid assets Financing Portfolio 3% 3% 2% 2% 23% 19% 7,311 7,757 73% 75% Sep-21 Sep-22 Sep-21 Sep-22 Sources of Funding (KD Million & %) Customer deposits (KD Mill
Slide 14: Financing Portfolio and asset quality
Balance sheet analysis Financing Portfolio and asset quality Financing Portfolio – KD Million Composition of Financing Portfolio 9% Retail Corporate 39% 42% 5,313 5,814 61% 58% Sep-21 Sep-22 Sep-21 Sep-22 Non performing Financing Portfolio Loss Coverage ratio NPL - KD Million NPL % 330% 319% 0.9% 1.
Slide 15: Outline: Performance & Strategy at a glance
Outline 1 Boubyan’s Performance & Strategy – At a glance 2 Income statement analysis 3 Balance sheet analysis 4 Capitalisation and Leverage 14
Slide 16: Capital Adequacy
CAPITALISATION AND LEVERAGE Capital Adequacy Capital adequacy ratio Leverage ratio RWA - KD Million Total CAR 19.2% 16.1% 11.2% 9.1% 4,673 5,048 Sep-21 Sep-22 Sep-21 Sep-22 Composition of regulatory capital CET1 Additional Tier 1 Tier 2 8% 7% 19% 16% 73% 78% Sep-21 Sep-22 Source: Regulatory returns
Slide 17: Questions?
Questions ?
Slide 18: Appendix
Appendix
Slide 19: Consolidated Financial Statements – 9M 2022
Consolidated Financial Statements – 9M 2022 CONSOLIDATED STATEMENT OF INCOME 30-Sep 30-Sep CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30-Sep 30-Sep KD Million 2022 2021 KD Million 2022 2021 Income Assets Islamic financing income 200.2 167.3 Cash and balances with banks 321 357 Financing cost (72.5
Slide 20: Consolidated Income Statement
Consolidated Income Statement KD Million 31-Dec 31-Dec 31-Dec 2021 2020 2019 Income Murabaha and other Islamic financing income 223.2 223.1 207.6 Distribution to depositors and Murabaha Cost (65.7) (84.2) (88.2) Net finance income 157.5 138.9 119.5 Net investment income 8.8 6.8 6.2 Net fees and comm
Slide 21: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position KD Million 31-Dec 31-Dec 31-Dec 2021 2020 2019 Assets Cash and balances with banks 350.5 286.7 232.4 Deposits with Central Bank of Kuwait 225.9 336.9 306.2 Deposits with other banks 387.9 180.1 330.0 Islamic financing to customers 5,513.1 4,823.3 3,826.1
Slide 22: Thank you
Thank you