Boubyan Petrochemical Co. (k.s.c.) · KSE:BPCC
Boubyan Petrochemical Co. (k.s.c.) — Boubyan Petrochemical Company — FY2017/18 Earnings Presentation
14 slides from Boubyan Petrochemical Co. (k.s.c.)'s earnings presentation, Apr 30, 2018
Slide 1: Boubyan Petrochemical Company Investor Update – FY2017/18 results
Boubyan Petrochemical Company Investor Updated – FY2017/18 results
Slide 2: Boubyan at a Glance
Boubyan at a Glance • Boubyan Petrochemicals (established in 1995) is the first private-sector company in Kuwait to invest in the government-controlled petrochemical. In 1995, Boubyan became a local private Background sector participant in the newly formed entity Equate. • Boubyan has evolved into a
Slide 3: Boubyan at a Glance
Boubyan at a Glance Amounts in KWD EQUATE Ownership Carrying Value EQUATE 9.00% 172,959,075 Non-core investments The Kuwait Olefins Company (TKOC) 9.00% 133,590,313 6% The Equate group 306,549,388 Core Investments Ownership Carrying Value EDU 82.70% 56,579,075 Core investments 27% Al Kout 46.47% 23,
Slide 4: Boubyan made three acquisitions during FY2017/18 for a total amount of KWD91.6mn
Boubyan made three acquisitions during FY2017/18 for a total amount of KWD91.6mn • In line with its strategy to enter into new industries through acquisitions, Boubyan has made three acquisitions during FY2017/18 – investing KWD91.6mn in total • Boubyan will continue to seek investment opportunities
Slide 5: Boubyan's normalized net income witnessed considerable growth in FY2017/18
Boubyan’s normalized net income witnessed considerable growth in FY2017/18 Income (KWD, thousands) 4/30/2017 4/30/2018 (EPS) (EPS) Commentary Equate 18,541.5 30,343.6 36.0 58.9 • Equate had a strong year on the back of recovery in commodity Educational Group - 2,973.3 - 5.8 prices Muna Noor Group (3
Slide 6: In continuation of the conservative approach, Boubyan took KWD 35 million in impairments
In continuation of the conservative approach, Boubyan took KWD 35 million in impairments Amounts in KWD, mn Boubyan took significant impairments in line with its conservative policy 8.8 31.3 15.3 11.1 8.2 5.5 Normalized TKOC Subsidiaries AFS Associates Reported net income revaluation impairments imp
Slide 7: Equate had a strong year in 2017, propelled by the recovering commodity prices
Equate had a strong year in 2017, propelled by the recovering commodity prices Amounts in USD, mn • The EQUATE Group is a global producer of petrochemicals and the world’s second largest Summary producer of Ethylene Glycol (EG). • The Group has industrial complexes in Kuwait, North America and Europ
Slide 8: Core investments summary - Educational Group Holding
Core investments summary - Educational Group Holding Amounts in KWD, mn Background Summary financials (31 August) • Educational Group Holding (“EDU”) was KWD, millions 2014 2015 2016 2017 established in 1982 to offer educational services Revenue 10.4 12.0 11.4 11.7 in Kuwait that include Arabic, bil
Slide 9: Core investments summary – Al Kout Industrial Projects
Core investments summary – Al Kout Industrial Projects Amounts in KWD, mn Background Summary financials (December 31) KWD, millions 2014 2015 2016 2017 • Established in 1993, Al Kout industrial Projects operates a chloralkaline plant that mainly Revenue 17.5 18.1 17.1 21.9 produces chlorine based co
Slide 10: Core investments summary - Awazel
Core investments summary - Awazel Amounts in KWD, mn Background Summary financials (March 31) • Established in 1981 with the opening of an KWD, millions 2014 2015 2016 2017 oxidation plant & membrane production lines in Jeddah & Riyadh Revenue 29.9 33.3 33.1 27.3 Net income 4.6 5.4 7.4 5.9 • The lar
Slide 11: Core investments summary - Awazel
Core investments summary - Awazel Amounts in KWD, mn Background Summary financials (March 31) • Established in 1981 with the opening of an KWD, millions 2014 2015 2016 2017 oxidation plant & membrane production lines in Jeddah & Riyadh Revenue 29.9 33.3 33.1 27.3 Net income 4.6 5.4 7.4 5.9 • The lar
Slide 12: Core investments summary - Muna Noor
Core investments summary - Muna Noor Amounts in KWD, mn Background Summary financials (March 31) • Established in 1975 in Oman as a plastic pipe KWD, millions 2015 2016 2016 2018 manufacturer Revenue 16.7 11.9 12.9 13.5 • Offering unique pipe solutions for modern, Net income/(loss) 1.3 0.5 1.1 (1.4)
Slide 13: Core investments summary - Al Borg Medical Laboratories
Core investments summary - Al Borg Medical Laboratories Amounts in KWD, mn Background Summary financials (December 31) • Established in 1998 in Saudi Arabia offering KWD, millions 2014 2015 2016 2017 broad range of routine, specialized and sub- specialty laboratory tests. Revenue 19.6 23.8 27.3 29.0
Slide 14: Q&A Thank you
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