Al Ansari Financial Services Pjsc · DFM:ALANSARI
Al Ansari Financial Services Pjsc — Q1 2023 Earnings Presentation
20 slides from Al Ansari Financial Services Pjsc's earnings presentation, May 11, 2023
Slide 1: Al Ansari Financial Services PJSC Investor Presentation Q1 2023
Al Ansari Financial Services PJSC Investor Presentation Q1 2023 11 May 2023
Slide 2: Disclaimer
Disclaimer The information contained herein has been prepared by Al Ansari Financial Services PJSC (the “Company” or the “Group”). The information contained in this presentation may not have been reviewed or reported on by the Company’s auditors. The company relies on information obtained from sourc
Slide 3: Table of Contents
Agenda Table of Contents 1. Q1 2023 Financial Highlights 5 2. Our growth strategy and priorities for 17 2023 3 Q1 2023 Results
Slide 4: Today's Presenters
Today’s Presenters Rashed A. Al Ansari Mohammad Bitar Faisal Anwar Group Chief Executive Officer Deputy Group Chief Executive Group Chief Financial Officer Officer 4 Q1 2023 Results
Slide 5: Q1 2023 Financial Highlights
Q1 2023 Financial Highlights
Slide 6: Q1 2023 Key Highlights
Q1 2023 Key Highlights1 7.2% Net Profit increase in Q1 2023 to AED 133 million driven by strong demand across all products Q1'23 Operating Income YoY Strong start to the year, with an 8.6% YoY increase in number of transactions driving 9.1% increase in Operating Income to AED 287 million EBITDA incr
Slide 7: Financial & Operating Performance Snapshot
Financial & Operating Performance1 Snapshot Financial Performance Operating Performance As of 31 Mar 2023: Net profit (AED) EBITDA (AED) 151 mn 11.8 mn 232 133 mn Q1’22: 140 mn Total number of transactions +8.6% vs. Q1’22 Number of physical branches 15 net new branches since Q1’22 +7.2% YoY EBITDA m
Slide 8: Income Statement Overview
Income Statement Overview % Income Statement Q1 ‘23 Q1 ‘22 Commentary change Net gain on currency exchange 149,634 136,387 9.7 • Net gain on currency exchange saw a growth of 9.7% year on year (YOY) driven by a strong increase in the Bank Notes and Prepaid Cards business on the back of the UAE’s tou
Slide 9: Our home market, the UAE, is a growing and stable economy
Our home market, the UAE, is a growing and stable economy Encouraging performance across all key UAE’s economy remains resilient economic drivers GDP Growth Forecast UAE PMI 7.6% Non-oil sector growth expected to continue Tourism sector continues to supporting economic boom, with Dubai expansion & d
Slide 10: Remittances: Q1 2023
Remittances: Q1 2023 Outward Personal Remittances- Value of Transactions (AED bn) Operating Income (AED mn) Transactions (‘000) 11.6 175 170 10.6 10.2 Top 5 3,227 5% 9.0 Corridors 3,065 -3% 989 Others 1.6 1,155 1.4 17% Personal Corporate Total Q1'22 Q1'23 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Outward Pers
Slide 11: Bank Notes & Prepaid Cards: Q1 2023
Bank Notes & Prepaid Cards: Q1 2023 Operating Income Bank Notes No. of Transaction Bank Notes Value of Transactions (AED mn) (mn) (AED bn) 96 22.5 Q1 2022 Q1 2023 2.1 70 1.7 15.0 14.7 36.8% 25.5% 8.5 7.5 6.2 Retail Wholesale Total Q1 2022 Q1 2023 Q1 2022 Q1 2023 No. of Transactions for Major Prepaid
Slide 12: WPS and Other Products & Services: Q1 2023
WPS and Other Products & Services: Q1 2023 CashTrans WPS Operating Income (AED mn) Other Products & Services (AED mn) (End-to-end cash management) No. of third-party customers 15.7 23.4% 12.7 25 5.5% 733.3% 5.2 5.5 3 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Bill Collection No. of Transactions
Slide 13: Balance Sheet Overview
Balance Sheet Overview Mar ‘23 Dec‘22 % change Commentary Right of use assets 94,659 67,235 40.8 • The increase in Right of Use assets by 40.8% can be attributed to two factors: the renewal of the Head Office lease for an additional six Other non-current assets1 58,691 53,404 9.9 years (with a relat
Slide 14: Capex-light Business Model, Easy to Scale
Capex-light Business Model, Easy to Scale and Able to Deliver Strong Growth and Value to the Shareholders Current Assets and Capex(1) (AED mn) Current Liabilities (AED bn) Commentary % of Operating Total capex as 1.5 Net 1.6 Income 1.4% 3.7% ▪ Majority of the current assets are 2.6 2.8 composed by c
Slide 15: Dividend Policy
Dividend Policy Historical Dividends (AED mn) • Minimum Annual Dividends: • FY 2023: The Group expects to pay a Ratio(1) Payout minimum dividend amount of AED 600 72% 76% million for the 2023FY, to be paid in equal instalments in Oct. 2023 and Apr. 2024. FY20 FY21 FY22 FY23e 1,076 • Beyond 2023: The
Slide 16: Growth Strategy & Guidance
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Slide 17: Clear growth strategy centered on 6 pillars
Clear growth strategy centered on 6 pillars 1 Physical Network Expansion 2 Geographic Expansion 3 Digital Innovation Growing market share in Smart 80% of remittance Kuwait and entering other counters in market in 2027 is attractive GCC markets branches expected to still be Continued investment face-
Slide 18: Growth strategy progress
Growth strategy progress 1 Physical Network Expansion Geographic Expansion 3 Digital Innovation 2 Full acquisition of Oman Total No. of Digital Transactions Exchange Kuwait by Al Ansari In ‘000 Exchange Kuwait is completed and expected to be 4th largest player in Kuwait after 871 Opened 18 new compl
Slide 19: Short to Mid Term Guidance
Short to Mid Term Guidance Item Target (annual growth rate unless Time Horizon otherwise stated) Branch Network 300 total no. of physical branches Mid-term Remittance Income Low–to–mid teens Short–term Bank Notes Income High-teens Short–term WPS and other products High single-digit (as a % of total
Slide 20: Thank You
© AtansariF inancial Services ) Thank You )
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