Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — Q3 2022 Earnings Presentation
15 slides from Shuaa Capital (p.s.c)'s earnings presentation, Nov 11, 2022
Slide 1: Earnings Presentation Q3 2022
Earnings Presentation Q3 2022 11 November 2022 © 2022 SHUAA Capital psc. All rights reserved Information Classification: Internal
Slide 2: Executive Summary
Executive Summary § Net profit attributable to shareholders of AED 20 million in Q3 2022 compared to net loss of AED 170 million in Q2 2022 underpinned by strong revenues § Third quarter net operating income excluding one-off items of AED 14 million compared to AED 6 Financial million in Q2 2022 bac
Slide 3: Key Financial Highlights Q3 2022
Key Financial Highlights Q3 2022 Q3 2022 Financial Performance Commentary % Change % Change Income Statement (AED Mn) Q3-22 Q2-22 vs. Q2-22 Q3-21 vs. Q3-21 Net profit of AED 20 million underpinned by Net Fee and Commission Revenue 68.2 56.1 22% 59.3 15% strong revenues in Q3 2022 Other Revenue (8.2)
Slide 4: Revenue Breakdown
Revenue Breakdown Quarter-on-Quarter Revenues Commentary AEDm Strong recurring revenues continue to contribute Asset Management significantly across all business segments Investment Banking § Asset management continues to support Corporate recurring revenues driven by the strong contribution from fe
Slide 5: Asset Management Segment Performance
Asset Management Segment Performance Asset Management Revenues Commentary AEDm Real Estate Posting healthy Q3 2022 results driven by the contribution Public Markets from fee earning AuM within real estate as well as managed public & private market funds Private Markets 57 Debt Real Estate: § Continu
Slide 6: Investment Banking Segment Performance
Investment Banking Segment Performance Investment Banking Revenues Commentary AEDm Banking Investment banking delivers strong performance driven by improved trading & advisory income while a Markets favourable deal pipeline in Q4 2022 is expected to further Investment Management boost full year targ
Slide 7: Corporate Segment Performance
Corporate Segment Performance Corporate Revenues Commentary AEDm Robust corporate revenues amidst prolonged market volatility § Revenues from our Corporate segment mounting at AED 24 million in Q3 2022. § As per our strategy to divest non-core assets, we expect revenues from the corporate segment to
Slide 8: Operating Expense Breakdown
Operating Expense Breakdown Quarter-on-Quarter Expenses 1, 2, 3 Commentary AEDm Staff Costs Other Expenses Firm cost discipline maintained across the Group in Q3 G&A Controllable Costs 2022 114 D&A (11) 19% § Cost to income ratio of 77% in Q3 2022 is Provisions significantly lower than the 90% in Q2
Slide 9: Continued progress on deleveraging
Continued progress on deleveraging Leverage Ratio Breakdown Commentary AEDm § Continued disciplined approach to deleveraging with debt-to-equity 124% ratio at 124% in Q3 2022 § Balance sheet metrics expected to improve in Q4 2022 driven by higher profitability and further reduction of leverage 1,940
Slide 10: Appendix
Appendix
Slide 11: Quarterly P&L (Q1 2021-Q3 2022)
Quarterly P&L (Q1 2021-Q3 2022)1 Q3 Q2 Q1 Q4 Q3 Q2 Q1 AED '000 2022 2022 2022 2021 2021 2021 2021 Interest income (1,996) 4,224 5,491 2,803 2,378 4,198 3,755 Interest expense (5,897) (2,338) (2,115) (1,288) (1,880) (1,656) (1,112) Net interest income (7,893) 1,886 3,377 1,515 498 2,542 2,643 Fee and
Slide 12: Balance Sheet Summary (2021-2022)
Balance Sheet Summary (2021-2022) AED '000 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 2022 2022 2022 2021 2021 2021 2021 Assets Cash and deposits with banks 107,907 252,983 348,586 460,648 391,614 321,196 353,566 Receivables and other debit balances 397,757 201,808 234,801 351,041 239,347 251,
Slide 13: 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
Slide 14: 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
Slide 15: SHUAA Capital psc Head Office
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