Kuwait Real Estate Holding Co. Kshc · KSE:ALAQARIA
Kuwait Real Estate Holding Co. Kshc — Al Imtiaz Investment Group — Q1 2021 Earnings Presentation
24 slides from Kuwait Real Estate Holding Co. Kshc's earnings presentation, 2021
Slide 1: Passion for Excellence, Driving Growth: Earnings Presentation Q1 2021
PASSION FOR EXCELLENCE DRIVING GROWTH Earnings Presentation Q1 2021 www.alimtiaz.com
Slide 2: Disclaimer
Disclaimer This document has been prepared and issued by Al Imtiaz Investment Group Company, K.S.C. (“AIIG”), a public company listed on Boursa Kuwait, which is regulated by Kuwait Capital Markets Authority, Central Bank of Kuwait, and Kuwait Ministry of Commerce and Industry. The purpose of this do
Slide 3: Q1 2021 Key Financial Highlights
Q1 2021 Key Financial Highlights Al Imtiaz operating portfolio companies continues to deliver strong recovery on q-o-q basis. Net Profit increased to KD 1.5 mn in Q1 2021 compared to a loss of KD 16.9 mn in Q1 2020 on lower revaluation losses on Real Estate and Financial Investments as well as lower
Slide 4: Q1 2021 Financial Performance
Q1 2021 Financial Performance Profit from Operating Activities Net Profit from Operating Activities 8.5 8.0 6.3 0.4 1.7 (12.9) (14.6) (11.3) (19.5) (19.1) Q1 2020 6M 2020 9M 2020 2020 Q1 2021 Q1 2020 6M 2020 9M 2020 2020 Q1 2021 EBITDA Net Profit 3.0 1.5 (11.5) (13.2) (14.0) (16.9) (16.9) (16.5) (18
Slide 5: Q1 2021 Revenue Key Drivers
Q1 2021 Revenue Key Drivers Q1 2021 Profit from Operating Activities – KD 8.0 mn Performance Discussion • Covid-19 has had a significant impact on the economy and on the business especially during the first half of 2020. The gradual recovery started in the second half of 2020 with the upliftment of
Slide 6: Expenses from Operating Activities
Expenses from Operating Activities Operating Expenses declined from KD 8.2 mn in Q1 2020 to KD 7.6 mn in Q1 2021 mainly on cost rationalization in the IT & Technology Services segment Operating Expenses Q1 2020 KD 8.2 mn Operating Expenses Q1 2021 KD 7.6 mn 7% 43% 20% 13% 9% 7% 1% 100% 11% 28% 26% 1
Slide 7: Q1 2021 EBITDA
Q1 2021 EBITDA Q1 2021 EBITDA – KD 3.0 mn F&B Processing Gain / (Loss) from Financial Services Energy and IT & Technology AIIG Real Estate Associates Parent & Others Q1 2021 EBITDA Pharmaceuticals Education and Packaging Listed Securities (Real Estate) Construction Services Properties Investment Q1
Slide 8: Q1 2021 Asset Allocation
Q1 2021 Asset Allocation Balanced Portfolio with Sectorial Diversification Portfolio NAV as on Mar-20 Portfolio NAV as on Mar-21 IT & Technology Services IT & Technology Services Financial Services (Real Estate) Financial Services (Real Estate) 5% 4% 7% 16% AIIG Real Estate Properties 7% AIIG Real E
Slide 9: Strategic Direction
Strategic Direction Strategic Focus on Growth and Investment Exits Covid-19 Response Expand/Develop Assets Optimize Assets • Initial response due to COVID-19 focused on cash Invest in core portfolio operating Continue to optimize preservation and minimizing impact on operations. assets to fund their
Slide 10: Key Operating Portfolio Companies: Integrated Technology Holding
Key Operating Portfolio Companies Integrated Technology Holding Key Business Updates Q1 2021 Q1 2021 Brief Regional IT and Technology Services Company Description KD 2.8 mn KD 653 K KD 44 Mn | 19% Profit from Operating NAV and EBITDA Ownership/Control 100% Activities Ex. Provisions Contribution Repo
Slide 11: Key Operating Portfolio Companies: Dimah Capital Investment
Key Operating Portfolio Companies Dimah Capital Investment Key Business Updates Q1 2021 Q1 2021 International real estate investment management company Brief focused on higher yielding, cash generating real estate Description assets KD 865 K KD (954) K KD 32 mn | 14% Profit from Operating NAV and EB
Slide 12: Key Operating Portfolio Companies: Al Ritaj Holding (RHC)
Key Operating Portfolio Companies Al Ritaj Holding (RHC) Key Business Updates Q1 2021 Q1 2021 Manufactures branded generic pharmaceuticals in Egypt Brief (through Pharo and Delta Pharmaceutical) with an Description international distribution network. KD 3.6 mn KD 1.6 mn KD 24 mn | 10% Profit from Op
Slide 13: Key Operating Portfolio Companies: Amman Arab University
Key Operating Portfolio Companies Amman Arab University Key Business Updates Q1 2021 Q1 2021 Brief Private multidisciplinary university that offers specialized Description undergraduate and postgraduate courses KD 835 K KD 64 K KD 9 mn | 4% Profit from Operating NAV and Activities Ex. Provisions EBI
Slide 14: Key Operating Portfolio Companies: Majd Food Company
Key Operating Portfolio Companies Majd Food Company Key Business Updates Q1 2021 Q1 2021 Brief Food and beverage processing and packaging company Description KD 597 K KD (220) K KD 7 mn | 3% Profit from Operating EBITDA NAV and Ownership/Control 61% Activities Ex. Provisions Contribution Reported As
Slide 15: Key Operating Portfolio Companies: HOTECC
Key Operating Portfolio Companies House of Trade Engineering and Construction Company (HOTECC) Key Business Updates • AIIG divested its ownership of HOTECC to an associate during Q1 2021 for an amount of KD 15.8 mn. Engineering, construction and maintenance contracting Brief Description company that
Slide 16: Key Operating Portfolio Companies: Triple E Holding
Key Operating Portfolio Companies Triple E Holding Key Business Updates Q1 2021 Q1 2021 Engineering, construction and maintenance contracting Brief company that caters to oil & gas, infrastructure and Description construction industries KD 149 K KD 149 K KD 16 mn | 7% Profit from Operating NAV and A
Slide 17: Key Operating Portfolio Companies: Al-Imtiaz International Real Estate
Key Operating Portfolio Companies Al-Imtiaz International Real Estate Company Key Business Updates Q1 2021 Mar-2021 Real estate investment and facility management company. Brief Primarily owns 29 floors of the Al-Dhow Tower Description (Imtiaz Head Office). KD 329 K KD 293 K KD 27 mn | 12% Profit fr
Slide 18: Corporate Development Activities
Corporate Development Activities Synopsis Key Business Updates • The Covid-19 pandemic has been challenging to various sectors and AIIG has been closely monitoring its target sectors to capture value and diversify its Brief Al Imtiaz aims to grow through investments and delivering portfolio. Descrip
Slide 19: Financial Investments Activities
Financial Investments Activities Synopsis Key Business Updates Brief Al Imtiaz financial investment activities are focused on • Acquired 3.3% stake in a MedTech company based in Switzerland and with providing liquidity and returns from short-medium term operations in the US. Description investments
Slide 20: Valuation Metrics
Valuation Metrics Al Imtiaz is trading at a significant Parent OpEx well contained at only 5% of discount1 to its BV and NAV and at a Market Cap and 2% of Total Assets in wider discount to its 5-year average 2020 -10% 5.3% 5.0% -29% -39% CMP (fils) 158 -48% % of Total Assets Discount to BV % % of Ma
Slide 21: Key Sustainability Achievements
Key Sustainability Achievements Al Imtiaz is committed to aligning its values and business strategy with social and economic needs by 1 including the responsible and ethical business practices in the implementation of the company’s Company activities. Overview • Al-Imtiaz and its Subsidiaries have 2
Slide 22: Profit and Loss
Profit and Loss Segment Reporting Income Statement Quarter End Quarter End (KD mn) Mar-21 Mar-20 (KD mn) Mar-21 Mar-20 IT & Technology Services 2.8 1.0 Gross Profit from Subsidiaries 8.4 6.3 Financial Services (Real Estate) (0.1) (11.7) Net investment loss (0.1) (10.7) Energy and Construction 0.1 0.
Slide 23: Balance Sheet
Balance Sheet Balance Sheet Capital Structure (KD mn) Mar-21 Dec-20 Mar-20 (KD mn) Dec-20 Mar-20 Mar-21 Cash and Cash Equivalents and Term 24.8 23.3 26.6 Deposits Financial Assets at Fair Value through Short Term Debt 40.5 32.8 21.2 36.7 41.0 35.5 Profit or Loss Accounts Receivable 43.2 79.8 75.6 26
Slide 24: Al Imtiaz Investment Group contact details
AL IMTIAZ INVESTMENT GROUP K.S.C. (PUBLIC) Al Dhow Tower, Khaled Bin Al Waleed St., Sharq P.O.Box: 29050, Safat, 13151, Kuwait Website: www.alimtiaz.com Investor Relations AL IMTIAZ INVESTMENT GROUP K.S.C. (PUBLIC) IR@alimtiaz.com +965 182 2282 www.alimtiaz.com
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