Shuaa Capital (p.s.c) · DFM:SHUAA

Shuaa Capital (p.s.c) — FY2023 Earnings Presentation

14 slides from Shuaa Capital (p.s.c)'s earnings presentation, May 28, 2024

  1. Slide 1: Earnings Presentation FY 2023

    E a r n i n g s P re s e n ta t i o n FY 2023 28 May 2024 © 2024 SHUAA Capital psc. All rights reserved Information Classification: Internal

  2. Slide 2: Executive Summary

    Executive Summary  In 2023, the Group achieved substantial growth, with revenues reaching AED 161 million, a significant increase from the AED 123 million compared to the previous year on a normalized basis driven by growth in Asset Management business via recurring management fees and performance-

  3. Slide 3: Key Financial Highlights 2023

    Key Financial Highlights 2023 2023 Financial Performance Commentary Change vs. Income Statement (AED M) Q4-23 Q3-23 FY 2023 FY 2022 Adjusted Net Operating Income of AED 19 million in FY 2023 Q3-23 mainly driven by growth in Asset Management business via Net Fee and Commission Revenue 30.9 29.1 1.7 1

  4. Slide 4: Revenue Breakdown

    Revenue Breakdown Year-over-Year Revenues Commentary AEDm Asset Management 2023 Revenues AED 38 million higher than 2022 on a normalized basis on the back of strong performance of Investment Banking managed funds and successful exit from BBD real estate fund. Corporate 288 Discontinued Operations 16

  5. Slide 5: Asset Management Segment Performance

    Asset Management Segment Performance Asset Management Revenues Commentary AEDm Real Estate Record revenues in 2023 driven by recurring management fees and outperformance of the investment funds Public Markets generating performance fees. Private Markets Normalized revenues from prior year accounting

  6. Slide 6: Investment Banking Segment Performance

    Investment Banking Segment Performance Investment Banking Revenues Commentary AEDm Investment banking revenues declined by AED 3 million Advisory compared to prior year primarily driven by lower Markets advisory income partially offset by sales and trading 16 income through robust trading volumes tr

  7. Slide 7: Corporate Segment Performance

    Corporate Segment Performance Corporate Revenues Commentary AEDm Corporate revenues will make up a smaller portion of overall revenues in 2023 and beyond mainly due to Group’s strategic initiative to divest and wind down non- core legacy assets. 105  Corporate revenues recognized in 2023 mainly non

  8. Slide 8: Operating Expense Breakdown

    Operating Expense Breakdown Year-over-Year Expenses Commentary AEDm 278 Staff Costs Carry Expense G&A Other Expenses 77 Firm cost discipline maintained across the Group in 2023 with continued decline in operating expenses due to cost D&A Controllable Costs optimization initiatives undertaken in 2022

  9. Slide 9: Appendix

    Appendix

  10. Slide 10: Quarterly P&L

    Quarterly P&L FY Q4 Q3 Q2 Q1 AED '000 2023 2023 2023 2023 2023 Revenue 161,418 33,270 30,692 37,737 59,719 Net foreign exchange gain/(loss) (9,941) (9,582) 7,303 (4,556) (3,107) Other income/(expense) (41,996) (27,199) (60,216) 52,103 (6,683) Change in fair value gains/(losses) from financial assets

  11. Slide 11: Balance Sheet Summary

    Balance Sheet Summary AED '000 31-Dec 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 2023 2023 2023 2023 2022 2022 2022 2022 Assets Cash and deposits with banks 33,178 107,545 103,120 98,275 64,151 107,907 252,983 348,586 Receivables and other debit balances 151,408 239,808 309,732 437,398 407,061

  12. Slide 12: Disclaimer

    Disclaimer THIS PRESENTATION IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. THIS PRESENTATION MAY NOT BE PUBLISHED OR FURTHER DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO ANY OTHER PERSON IN ANY JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO WOULD BE UNLAWFUL. By

  13. Slide 13: Cautionary Statement Regarding Forward-Looking Information

    Cautionary Statement Regarding Forward-Looking Information This document contains forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the

  14. Slide 14: SHUAA Capital psc contact details

    SHUAA Capital psc Head Office: The H Hotel Dubai, Offices Tower, Level 15, Office No. 1502 P.O. Box: 31045, Dubai, United Arab Emirates Tel: +971 (4) 330 3600, Fax: +971 (4) 330 3550, E-mail: info@shuaa.com, Website: www.shuaa.com A financial investment company licensed and regulated by the U.A.E. S

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