Human Soft Holding Co. Kscc · KSE:HUMANSOFT
Human Soft Holding Co. Kscc — Humansoft Holding Company KSCP — FY2019 Earnings Presentation
19 slides from Human Soft Holding Co. Kscc's earnings presentation, 2020
Slide 1: Humansoft Holding Company KSCP Investor Presentation FY 2019 Results
Humansoft Holding Company KSCP Investor Presentation FY 2019 Results Disclaimer: Nothing in this document constitutes an offer to sell or a solicitation of an offer to buy any securities
Slide 2: Disclaimer
Disclaimer • The information set out in this presentation and provided in the discussion subsequent thereto does not constitute an offer or solicitation of an offer to buy or sell securities. It is solely for use at an investor presentation and is provided as information only. • This presentation do
Slide 3: Table of contents
Table of contents Page Key highlights 4 We are proud of our achievements 5 Board & Executive Management 6 Share price performance 7 12th largest by market cap 8 Research coverage and IR 9 2019 financial performance 10 Student enrollment 11 Key financials 12-14 Strong equity story 15-19 3
Slide 4: Key highlights
Key highlights Leading 20+ 12,3851 University private higher years of operating enrolled students in of choice education company experience AUM and ACM in the GCC for Engineering and Business KD 73.3 KD 43.0 35% 200 fils cash million million 2013-19 EBITDA + 10% share CAGR in revenue2 in EBITDA2 div
Slide 5: We are proud of our achievements
We are proud of our achievements 789 Over 60% Over 70 trees have been female different staff planted in the students nationalities campus Over 100 Over 90 Over 20 community academic sports engagement competitions competitions initiatives since since 2014 since 2017 2014 FY 2019 5
Slide 6: Board & Executive Management
Board & Executive Management Name Position Dalal Hasan Al Sabti Chairperson Board of Tareq Fahad Al Othman Vice Chairman Directors Mayank Hasmukhlal Baxi Director Hasan Qasim Al Ali Director Abdulrazaq Abdulla Mohammad Ahmed Director Name Position Mayank Hasmukhlal Baxi CEO Executive Rachad Challah
Slide 7: Share price performance
Share price performance Shareholding (31 December 2019) KD Closing price as at 31 December 2019 3.012 Market Cap (KD mn) 1 366 20.1% Al-Othman Market Cap (USD bn) 1.2 6m avg. daily trading volume (% of shares outstanding) 0.10% 6.6% Fiera Capital 52-weeks high 3.490 52-weeks low 3.000 5.9% Al-Imtiaz
Slide 8: 12th largest by market cap on Boursa Kuwait's Premier Market
12th largest by market cap on Boursa Kuwait’s Premier Market Market Cap Boursa Kuwait Name Description Rank (KD million) segment National Bank of Kuwait Banking 6,912 1 Premier Kuwait Finance House Banking 5,596 2 Premier Ahli United Bank AUB (Bahrain) Banking 2,834 3 Premier Zain Telecom 2,596 4 Pr
Slide 9: Research coverage and IR
Research coverage and IR Broker Target price Date Analyst • Hatem Alaa EFG Hermes 6.300 4 February 2019 • Mirna Maher • Alaa Tolba CI Capital 5.000 8 January 2019 Research coverage • Mirna Mohsen Citi 4.650 13 September 2019 • Taher Safieddine HSBC 4.600 9 January 2020 • Ankur Agarwal Arqaam 4.569 1
Slide 10: 2019 financial performance
2019 financial performance Key figures and ratios Q4 2018 Q4 2019 Change FY 2018 FY 2019 Change • A total of 12,385 students are enrolled in AUM and ACM at the beginning of the Fall 2019 Number of students (Fall) 12,356 12,385 0.2% 12,356 12,385 0.2% semester Revenue (KD mn) 19.3 20.0 3.3% 69.3 73.3
Slide 11: Student enrollment
Student enrollment Total CAGR 19% AUM CAGR 23% ACM CAGR 8% 11,760 12,356 12,385 Total AUM ACM 10,360 2,127 1,970 8,620 2,286 6,853 2,011 Total students 5,348 1,663 enrolled 3,657 1,477 10,229 10,415 1,426 9,474 (beginning of 6,957 8,349 1,182 the Fall 3,922 5,376 semester) 2,475 2012-13 2013-14 2014
Slide 12: Key financials: Revenues grew at a CAGR of 24%
Key financials Revenues grew at a CAGR of 24% Revenue (KD mn) • Humansoft’s revenues grew at a CAGR of 24% CAGR between 2013 and 2019, 24% due to strong student 69.3 73.3 growth in AUM and ACM 61.8 54.5 and tuition increase in 2014 (AUM) and 2015 43.6 (ACM) 28.6 20.6 • The higher education segment a
Slide 13: Key financials: EBITDA margin reached 59% in 2019
Key financials EBITDA margin reached 59% in 2019 • Gross profit grew at a Gross profit (KD mn) and gross profit margin EBITDA (KD mn) and EBITDA margin CAGR of 26% in the period CAGR CAGR 2013-19. Gross profit 26% 56.7 35% 53.5 margin for 2019 was 77% 47.6 43.0 38.1 41.8 33.2 33.3 28.5 • EBITDA grew
Slide 14: Key financials: Humansoft generated ROAE of 49% in 2019
Key financials Humansoft generated ROAE of 49% in 2019 • Humansoft has invested Total assets (KD mn) and ROAA Total equity (KD mn) and ROAE capex of KD 48 mn from 2013 to 2019 to build capacity and provide state 118.3 of the art facilities for 109.9 80.4 98.4 students 67.0 85.7 56.9 • In spite of th
Slide 15: Strong equity story
HUMANSOFT Empowering People Through Knowledge Strong equity story 15
Slide 16: Solid track record
Solid track record State of the art campus with capacity to grow Highest number of students among private universities in Kuwait. c. 3x bigger than the next player Focus on Engineering & Business majors Solid financial performance, high dividend payout One of the largest free floats on Bou
Slide 17: Strategic pillars
Strategic pillars 1 2 3 Academic Operating Shareholder excellence efficiency value FY 2019 17
Slide 18: Achievements in 2019
Achievements in 2019 • Appointed a new President for AUM • Appointed a new President for ACM Academic • AUM introduced Civil Engineering in Fall 2019 excellence • Launched the 2+2 ACM to AUM transfer • ABET accreditations for AUM and ACM’s engineering programs • ACBSP accreditation for ACM’s busines
Slide 19: Continued focus
Continued focus • We are building new capabilities and developing new offerings to secure our long term prospects Academic • This includes widening the undergraduate offering by introducing excellence new majors, offering new masters programs, securing accreditation for the remaining programs, and d
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