Kuwait Projects Company Holding (K.S.C.P.) · KSE:KPROJ
Kuwait Projects Company Holding (K.S.C.P.) — Kuwait Projects Company (Holding) (KIPCO) — Q1 2021 Earnings Presentation
15 slides from Kuwait Projects Company Holding (K.S.C.P.)'s earnings presentation, May 2021
Slide 1: Investor Presentation May 2021
Investor Presentation May 2021 E
Slide 2: Disclaimer
Disclaimer This presentation is not an offer or invitation to subscribe to or purchase any securities. No warranty is given as to the accuracy or completeness of the information in this presentation. You must make your own independent investigation and appraisal of the business and financial conditi
Slide 3: Performance Update
Performance Update Kuwait Projects Company (Holding) 3
Slide 4: KIPCO consolidated: Financial performance
KIPCO consolidated: Financial performance Revenue Net Profit/ (loss) USDmn USDmn 5.3 (1.6) 769 95 561 (28) Q1'20 Q1'21 Q1'20 Q1'21 Basic EPS (Cents) Kuwait Projects Company (Holding) 4
Slide 5: Burgan Bank Group (BBG)
Burgan Bank Group (BBG) Loans Deposits Asset Quality USDbn USDbn NPA cove rage with collateral NPA cove rage without collateral 214% 171% 136% 94% 14.4 4.9% 14.1 13.5 13.7 3.5% 2020 Q1'21 2020 Q1'21 2020 Q1'21 NPA to Gross Credit Facilities Operating Income Net Profit & Provision Total Provision & C
Slide 6: BBG: Regional operations
BBG: Regional operations Loans^ Deposits^ Net Profit/ (loss) USDbn USDbn USDmn 13 11 11 3 .8 3 .4 3 .7 3 .5 2 0 (3 ) (2 2 ) (1 0 ) 2 .5 2 .1 1 .9 1 .7 AGB TIB BBT Total 1 .6 1 .6 1 .3 1 .3 0 .2 0 .2 0 .0 0 .0 AGB TIB BBT Total AGB TIB BBT Total 2020 Q1'21 2020 Q1'21 Q1'20 Q1'21 Net Interest Margin C
Slide 7: Gulf Insurance Group (GIG)
Gulf Insurance Group (GIG) Gross and Net Premium written Net Investment Income USDmn USDmn Gross Premium Net Premium 17 395 357 175 193 (3) Q1'20 Q1'21 Q1'20 Q1'21 Q1'20 Q1'21 Combined Ratio Net Profit & ROE USDmn USDmn 92% 94% 11.5% 18.1% 18 27% 27% 10 65% 66% Q1'20 Q1'21 Q1'20 Q1'21 Loss Ratio Exp
Slide 8: United Gulf Holding Company (UGH)
United Gulf Holding Company (UGH) Revenue Provisions for Credit Losses USDmn USDmn 8 36 19 Q1'20 Q1'21 Q1'20 Q1'21 (2) Net Profit AuM & Capitalisation USDmn USDbn 17.5% 18.0% Q1'20 Q1'21 (4) 13.3 13.3 (26) 2020 Q1'21 Basel III CAR Kuwait Projects Company (Holding) 8
Slide 9: United Real Estate (URC)
United Real Estate (URC) Total Revenue Operating Profit USDmn USDmn 114 17 75 11 Q1'20 Q1'21 Q1'20 Q1'21 Net Profit Total Assets & ROE USDmn USDbn 6 3.5% 2.6% 2,022 2,011 4 Q1'20 Q1'21 2020 Q1'21 Return on Equity (Annualized) Kuwait Projects Company (Holding) 9
Slide 10: OSN: Business Overview
OSN: Business Overview Company overview Strategy No # 1 pay-tv and on-demand video provider in MENA, Push growth by a connected OSN operating across multiple platforms: OSN streaming is key component for future - Direct-to-home (DTH) growth - Cable fibre & Internet Protocol television (IPTV) Traditi
Slide 11: Other key entities
Other key entities United Industries Company (UIC) Total Revenue Net Profit USDmn USDmn 15 9 8 4 Q1'20 Q1'21 Q1'20 Q1'21 Jordan Kuwait Bank (JKB) Loans & Deposits Operating Income & Net Profit/ (loss) USDmn USDbn 40 37 2.6 2.6 2.2 2.2 -4 -2 Q1'20 Q1'21 2020 Q1'21 Loans Deposits Operating income Net
Slide 12: Annexure
Annexure Kuwait Projects Company (Holding) 12
Slide 13: KIPCO consolidated: Balance Sheet
KIPCO consolidated: Balance Sheet Consolidated Balance Sheet (USDmn) 2020* Q1’21 Cash in hand and at banks 4,454 4,177 Treasury bills, bonds & other debt securities 1,656 1,694 Investment in associates 1,154 1,180 Investment properties 2,064 2,101 Other investments 2,130 2,248 Other assets (inc. goo
Slide 14: KIPCO consolidated: Income Statement
KIPCO consolidated: Income Statement Consolidated Income Statement (USDmn) Q1’20 Q1’21 Interest income 310 229 Investment income 260 31 Fees and commission income 46 48 Share of results of associates 12 19 Share of results of a media joint venture (20) - Media and digital satellite network services
Slide 15: Kuwait Projects Company (Holding)
Kuwait Projects Company (Holding) 15
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