Kuwait Financial Centre Kpsc · KSE:MARKAZ
Kuwait Financial Centre Kpsc — 9M 2020 Earnings Presentation
20 slides from Kuwait Financial Centre Kpsc's earnings presentation, 2020
Slide 1: Asset Management | Investment Banking
Asset Management | Investment Banking
Slide 2: Agenda
9M 2020 Performance Highlights ……………..…….… 3 Markaz Overview ……….……...………...................… 5 Business and Financial Highlights……..……..….….… 8 Shareholders Information …………………………..… 18 2
Slide 3: Profit and Loss Highlights
Profit and Loss Highlights KD 5.58 mn Total Revenue KD 5.77 mn KD (1.99) mn Management Fees & Commission Return on Principal Investments Revenue excluded Loss from Net Rental Income KD 1.80 mn Asset Management KD 5.5 mn KD 1.80 mn financial assets at fair value Interest and Dividend KD 1.20 mn Inves
Slide 4: Nine months 2020 performance commentary
Markaz reported its financial performance for the nine months of 2020, with a net profit of KD 4 million for the third quarter ending September 30, 2020, reducing the net loss attributable to shareholders of Markaz to KD (6.02) million for 9M 2020. The decline is primarily attributable to a non-cash
Slide 5: Markaz Overview
Leading market position Sustainable long-term Building a sustainable Our Team, the cornerstone of shareholder returns economy in Kuwait our success As one of the region’s leading Generates sustainable long- Endeavors to actively A team of 190 employees asset management and term returns driven by rob
Slide 6: Business lines and regional presence
Germany US Poland Turkey Kuwait Qatar Bahrain Oman KSA India UAE Egypt Lebanon Jordan Equity Fixed Income MENA Real Estate Investments International Real Estate Investment Banking Advisory Offices 6
Slide 7: Awards and recognition
Best Asset Manager Best Investment Bank in Research Provider of the Most Innovative Financial in Kuwait Kuwait Year Institution in the By: Global Finance Middle East By: EMEA Finance By: Euromoney Awards By: EMEA Finance Best Investment Bank Best Equity Fund in Kuwait Best Islamic Fund Most Innovati
Slide 8: Asset Management and Real Estate Investments
Asset Management Real Estate Investments Middle East and North Africa, International GCC Equity Funds, Fixed Income Fund, Others Total AUM of KD 52.8 million Total AUM of KD 725.6 million MENA Real Estate – AUM of KD 306.5 million Asset management continues to implement Markaz’s long term bottom u
Slide 9: Investment Banking and Research
Investment Banking Research M&A, Advisory, Equity & Debt Capital Markets, IPOs and Mena focused Research, Consulting Services restructuring Publishes MENA focused research reports and bespoke GCC IPO and M&A activity remained expectedly subdued due to consulting services for over a decade the Co
Slide 10: Revenue and Net Profit trends
Nine months of 2020 Revenues growth on y-o-y basis Net Profit (KD 000’s) Nine months of 2020 Total Revenue declined primarily due to the The net profit declined due to decline in revenues which is Covid-19 pandemic and its impact on the business and on the fair primarily attributable to fair val
Slide 11: Return on Equity and Dividend per Share
LTM Return on Equity1 Dividend per Share and Payout Return on Equity of (2.9)% on LTM basis as it was impacted due Consistent dividend payouts with an incremental 66.7% decrease in 2019 payout ratio over last year to a significant loss arising from financial assets at fair value through P&L in 9
Slide 12: 9M 2020 Income Analysis
Q3 (Three Months) Y-o-Y 9M (Nine Months) Y-o-Y (KWD 000's) Growth Growth 2020 2019 2020 2019 (%) (%) 9M 2020 Income Analysis Management Fees and Commission 2,265 2,002 13.1% 5,770 6,002 (3.9%) Interest Income (146) 169 (186%) 426 476 (11%) Dividend Income 139 276 (50%) 769 1,159 (34%) 5,770 5,578 (L
Slide 13: Balance Sheet and Assets Under Management
Sep Jun Dec Sep (KWD 000's) 2020 2020 2019 2019 ASSETS Cash and bank balances 8,634 10,399 4,937 7,632 Time deposits 2,134 127 1,332 1,982 Investments at fair value through profit or loss 96,044 95,773 106,646105,0454 Asset Under Management Investments at fair value through OCI 415 2,071 2,735 422 I
Slide 14: Management Fees & Commission
Management Fees & Commission (KD 000’s) 13% 2,690 2,265 2,002 2,009 1,496 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Asset Management Fees1 (KD 000’s) Investment Banking Fees (KD 000’s) 18% (56)% 2,578 203 2,203 1,861 1,806 141 1,441 112 55 62 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q3 2019 Q4 2019 Q1
Slide 15: Asset Management Fees, AUM and Annualized Fees
Asset Management Fees1 (KD 000’s) AUM (KD million) 2,578 2,203 1,143 1,861 1,806 1,095 1,441 1,026 1,033 982 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Annualized Management Fees (%) 0.90% 0.85% 0.68% 0.74% 0.56% Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 1. Asset M
Slide 16: Investment Assets and Income Returns
Income Returns (KD 000’s) Investment Assets1 (KD million) 6,526 187 5,108 4,510 181 (291) 166 164 164 (11,611) Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Annualized Income Returns (%) 14.2% 15.6% 12.4% -0.6% -26.3% Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 1. Inves
Slide 17: Debt, Leverage and Return on Assets
Sep Jun Dec Sep Return on Assets1 (%) (KD 000's) 2020 2020 2019 2019 3.5% Loan Term 34,096 37,425 41,632 43,104 2.4% 0.8% Bonds Issued 25,000 25,000 25,000 25,000 Total Debt 59,096 62,920 66,632 68,104 Cash and Bank Balance 8,634 10,399 4,937 7,632 Time Deposits 2,134 127 1,332 1,982 -4.7% -4.4% Q3
Slide 18: Corporate Information and Major Shareholders
Major Shareholders Corporate Information Main Market – Boursa Kuwait Major Shareholders Type % Holding Market Segment Listing (Sec Code: 213) Kuwait Pillars for Financial 2019 Dividends Cash Dividend – 5% Direct 28.72% Investment KD 25,000,000 unsecured debenture Bonds Issued Gulf Bank Direct 5.47%
Slide 19: Disclaimer
This document has been prepared by Churchgate Partners for Kuwait Financial Centre K.P.S.C. (“Markaz”) investors, solely for informational purposes. This presentation may contain statements that are not historical facts, referred to as “forward looking statements” .The information contained herein h
Slide 20: Kuwait Financial Centre K.P.S.C. Markaz contact details
Kuwait Financial Centre K.P.S.C. "Markaz" P.O. Box 23444, Safat 13095 State of Kuwait Tel: +965 2224 8000 Fax: +965 2242 5828 Email: info@markaz.com www.markaz.com
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