Kuwait Projects Company Holding (K.S.C.P.) · KSE:KPROJ
Kuwait Projects Company Holding (K.S.C.P.) — Kuwait Projects Company (Holding) (KIPCO) — H1 2021 Earnings Presentation
15 slides from Kuwait Projects Company Holding (K.S.C.P.)'s earnings presentation, August 2021
Slide 1: Investor Presentation August 2021
Investor Presentation August 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 1.2 0.1 1,301 1,248 31 11 H1'20 H1'21 H1'20 H1'21 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 coverage with collateral NPA coverage without collateral 214% 195% 136% 124% 14.4 14.1 14.4 13.6 3.7% 3.5% 2020 H1'21 2020 H1'21 2020 H1'21 NPA to Gross Credit Facilities Operating Income Net Profit & Provision Total Provision & CA
Slide 6: BBG: Regional operations
BBG: Regional operations Loans^ Deposits^ Net Profit/ (loss) USDbn USDbn USDmn 22 19 19 3.8 3.6 4.0 3.7 10 2.5 2.2 1.9 1.9 2 1.8 1 1.3 1.4 1.6 0.2 0.2 AGB TIB BBT Total 0.0 0.0 (4) AGB TIB BBT Total AGB TIB BBT Total (11) 2020 H1'21 2020 H1'21 H1'20 H1'21 Net Interest Margin Cost to Income Non-Perfo
Slide 7: Gulf Insurance Group (GIG)
Gulf Insurance Group (GIG) Gross and Net Premium written Net Investment Income USDmn USDmn Gross Premium Net Premium 34 840 766 24 345 375 H1'20 H1'21 H1'20 H1'21 H1'20 H1'21 Combined Ratio Net Profit & ROE Percentage USDmn 92% 92% 17.9% 19.1% 24% 25% 39 68% 33 67% H1'20 H1'21 H1'20 H1'21 Loss Ratio
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 4 2,011 Q1'20 Q1'21 2020 Q1'21 Return on Equity (Annualized) Kuwait Projects Company (Holding) 9
Slide 10: OSN
OSN Overview Strategy / Recent developments Largest general entertainment platform in MENA, operating Push growth by a connected OSN across multiple platforms Streaming to be key component for future growth - Direct-to-home (DTH) - Cable fibre & Internet Protocol television (IPTV) Traditional OSN TV
Slide 11: Other key entities
Other key entities Qurain Petrochemical Industries Company (QPIC)* Total Revenue Net Profit USDmn USDmn 208 8 181 5 Q1'20/21 Q1'21/22 Q1'20/21 Q1'21/22 Jordan Kuwait Bank (JKB) Loans & Deposits Operating Income & Net Profit/ (loss) USDmn USDbn 78 75 2.6 2.6 2.2 2.2 (8) 4 H1'20 H1'21 2020 H1'21 Loans
Slide 12: Annexure
Annexure Kuwait Projects Company (Holding) 12
Slide 13: KIPCO consolidated: Balance Sheet
KIPCO consolidated: Balance Sheet Consolidated Balance Sheet (USDmn) 2020* H1’21 Cash in hand and at banks 4,474 3,871 Treasury bills, bonds & other debt securities 1,663 1,774 Investment in associates 1,159 1,151 Investment properties 2,074 1,693 Other investments 2,140 2,252 Other assets (inc. goo
Slide 14: KIPCO consolidated: Income Statement
KIPCO consolidated: Income Statement Consolidated Income Statement (USDmn) H1’20 H1’21 Interest income 553 487 Investment income 252 158 Fees and commission income 89 99 Share of results of associates 28 36 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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