Waha Capital Company · ADX:WAHA
Waha Capital — Q2 2023 Earnings Presentation
20 slides from Waha Capital's earnings presentation, August 2023
Slide 1: Investor Presentation FY2023, Second Quarter
Investor Presentation FY2023, Second Quarter
Slide 2: Contents
Contents 3 About Waha Capital 13 Private Investments 4 Financial Highlights 14 Waha Land 6 Key Metrics 15 Outlook 7 Financial Performance 16 Appendix 9 Strategic Focus Areas 10 Public Markets Performance Investor Presentation, Second Quarter, FY2023 2
Slide 3: About Waha Capital: Core Institutional Strength
About Waha Capital Core Institutional Strength Established Listed on the Strong Capital markets Total assets in 1997 Abu Dhabi institutional strategies under Securities backing: launched in 2012 management: Exchange (ADX) Mubadala is the AED 9.0 bn* with market cap of largest, strategic AED 2.3 Bn*
Slide 4: Financial Highlights H1 2023
H1 2023 Financial Highlights Public Markets Net Profit* Net Profit* Total Assets Public Markets AUM AED 308m AED 169m AED 10bn AED 7.3bn vs AED 94m YoY vs AED 87m YoY vs AED 9.5bn as at 31 Dec 22 vs AED 4.8bn as at 31 Dec 22 Assets Under Management (AUM) Private Investments & Waha Private Investment
Slide 5: Financial Highlights Q2 2023
Q2 2023 Financial Highlights Public Markets Net Profit* Net Profit* Total Assets AED 155m AED 94m AED 10bn vs AED (54)m YoY vs AED (59)m YoY vs AED 9.5bn as at 31 Dec 22 Private Investments Net Loss Net Operating Income Assets Under Management (AUM) AED (3)m AED 259m AED 9.0bn vs AED (2)m YoY vs AED
Slide 6: Key Metrics H1 2023
H1 2023 Key Metrics Dividend Yield Return on Investments Return on Average Equity Return on Average Assets 5.9% 15.0% 12.6% 7.0% AED 0.08 As of 30 June 2023 As of 30 June 2023 As of 30 June 2023 12-month dividend Based on trailing 12 months’ investment return Based on trailing 12 months’ contributio
Slide 7: Financial Performance H1 2023
H1 2023 Financial Performance Net Profit by Segment* (AED million) 308.00 Summary • Net operating income of AED 500m in H1 2023 (H1 2022: AED 224m) 94.00 • Public Markets: AED 481m (H1 2022: AED 152m) as a result of strong 28.00 16.00 19.00 performance driven by fee income and increase in assets und
Slide 8: Financial Performance Q2 2023
Q2 2023 Financial Performance Net Profit by Segment* (AED million) 155.00 308.00 Summary • Net operating income of AED 259m in Q2 2023 (Q2 2022: AED -54m) 94.00 • Public Markets: AED 242.7m (Q2 2022: AED -72m) 28.00 8.00 16.00 10.00 19.00 • Private Investments: AED 4.1m (Q2 2022: AED -5.2m) -2.00 •
Slide 9: Strategic Focus Areas
Waha Capital Strategic Focus Areas Public Markets Private Investments Waha Land • Emerging markets specialist • Deploy capital globally and • Wholly owned subsidiary of asset manager operated by across sectors, capital structures Waha Capital Waha Investment PrJSC and asset classes. • Development of
Slide 10: Waha EM Credit Fund
Public Markets’ Performance Waha EM Credit Fund 275 3.8% YTD (30 June ‘23) 250 Net Return 225 200 175 150 9.7% 125 Since inception (Jan ‘12) 100 Net Annualized Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Return Waha EM Credit Fund JPM EMBI Global Diversified W
Slide 11: Waha MENA Equity Fund
Public Markets’ Performance Waha MENA Equity Fund 400 10.5% 375 YTD (30 June ‘23) 350 325 Net Return 300 275 250 225 200 175 150 16.3% 125 Since inception (Jan ‘14) 100 75 Net Annualized 50 Return1 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Waha MENA Equity Fund S&P Pan Ar
Slide 12: Waha Islamic Income Fund
Public Markets’ Performance Waha Islamic Income Fund 3.78% 165 YTD (30 June ‘23) Gross Return 140 115 6.92% Since inception (Aug ‘20) Gross Annualized 90 Return1 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Waha Islamic Income Fund Dow Jones Sukuk Index 19.4% Since inception (Aug ‘20) Wah
Slide 13: Private Investments Portfolio Overview
Private Investments Portfolio Overview Private Investments Portfolio 39% Global Opportunities • Portfolio was launched in November 2021 57% • Targets investments in the alternatives space with high risk-adjusted returns by partnering with other leading institutional investors and domain experts 6% •
Slide 14: Waha Land Overview
Waha Land Overview Waha Land is a wholly-owned subsidiary of Waha Capital. The industrial real estate subsidiary has invested significantly over several years to develop and lease the ALMARKAZ project in the emirate of Abu Dhabi, an integrated mixed-use industrial development with Grade “A” industri
Slide 15: Outlook
Summary Outlook Waha Capital has reported another profitable quarter, demonstrating its commitment to delivering strong returns for shareholders and investors. The Public Markets business has consistently achieved robust results, with flagship funds outperforming their benchmark indices in 2023.
Slide 16: Disclaimer
Appendix Disclaimer This document is not an offer, invitation or recommendation to subscribe to or purchase any securities. Nothing in this document shall form the basis of any contract or commitment whatsoever. This document contains forward-looking statements. Forward-looking statements can be ide
Slide 17: Income Statement Summary
Six & three month period ended 30 June 2023 Income Statement Summary H1 2023 H1 2022 Q2 2023 Q2 2022 AED ‘000 Revenue from sale of goods and services 71,916 55,375 35,880 28,695 Cost of sale of goods and services (53,505) (44,367) (26,875) (22,931) Share of profit from equity-accounted associates an
Slide 18: Balance Sheet Summary
Six month period ended 30 June 2023 Balance Sheet Summary As at 30 June 2023 As at 31 Dec 2022 AED ‘000 Investments in equity accounted associates 92,257 95,505 and joint ventures Right-of-use assets 29,350 35,245 Investment property 351,841 282,232 Financial investments 7,668,093 6,873,932 Loan inv
Slide 19: Reaching Waha Capital
Contacts Reaching Waha Waha Capital Contacts United Arab Emirates PO Box 28922 42nd Floor, Tower 3, Etihad Towers Abu Dhabi, U.A.E. +971 (0) 2 667 7343 communications@wahacapital.ae 19
Slide 20: WAHA CAPITAL
WAHA CAPITAL