Human Soft Holding Co. Kscc · KSE:HUMANSOFT
Human Soft Holding Co. Kscc — Humansoft Holding Company K.S.C.P. — Q3 2020 Earnings Presentation
21 slides from Human Soft Holding Co. Kscc's earnings presentation, Nov 2, 2020
Slide 1: Investor Presentation Q3 2020 Results
Humansoft Holding Company KSCP Investor Presentation Q3 2020 Results 2 November 2020 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 4-5 At a glance 6 We are proud of our achievements 7 Board & Executive Management 8 Share price performance 9 12th largest by market cap 10 Research coverage 11 Revenue recognition 12 Q3 2020 financial performance 13 Student enrollment 14 Key financials 15-17 St
Slide 4: Key highlights
Key highlights • On 23 March 2020, the General Assembly voted against distributing Dividends dividends for FY 2019 Board • Board of Directors decided to waive their remuneration for FY 2019 remuneration • On 7 September 2020, the Board of Directors decided to close down Training the training busines
Slide 5: Key highlights (cont’d)
Key highlights (cont’d) • Since April 2020, AUM and ACM classes have been conducted online Online • Resumption of on-campus learning will depend on government learning guidelines • 4,001 new students were admitted in Fall 2020, compared to 2,649 in Fall 2019 Fall 2020 • The Fall 2020 semester will b
Slide 6: At a glance
At a glance Leading 20+ 13,7631 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 69.9 KD 40.4 35% Online million million 2013-19 EBITDA learning CAGR in revenue2 in EBITDA2 since April 2020
Slide 7: We are proud of our achievements
We are proud of our achievements Over 700 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 achievements initiatives since since 2014 since 2018 2014 Q3 2020 7
Slide 8: Board & Executive Management
Board & Executive Management Name Position Ms. Dalal Hasan Al Sabti Chairperson Board of Mr. Tareq Fahad Al Othman Vice Chairman Directors Mr. Mayank Hasmukhlal Baxi Director Mr. Hasan Qasim Al Ali Director Mr. Abdulrazaq Abdulla Mohammad Ahmed Director Name Position Mr. Mayank Hasmukhlal Baxi CEO E
Slide 9: Share price performance
Share price performance Shareholding (29 Sep 2020) KD Closing price as at 29 Sep 2020 2.601 Market Cap (KD mn) 1 316 Market Cap (USD bn) 1.0 20.1% Al-Othman 6m avg. daily trading volume (% of shares outstanding) 0.16% 52-weeks high 2 3.425 52-weeks low 2 2.246 5.9% Al Imtiaz Group Current trading mu
Slide 10: 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 5,908 1 Premier Kuwait Finance House Banking 5,030 2 Premier Zain Telecom 2,484 3 Premier Ahli United Bank AUB (Bahrain) Banking 2,259 4 Pr
Slide 11: Research coverage
Research coverage Broker Target price Date of report Analyst • Alaa Tolba CI Capital 5.000 8 January 2019 • Mirna Mohsen • Hatem Alaa EFG Hermes 4.600 30 April 2020 • Mirna Maher Research coverage • Aly Adel Beltone 4.530 24 September 2019 • Toka Elwazery • Emad El Hage Arqaam 4.300 8 September 2020
Slide 12: Revenue recognition
Revenue recognition FY 2019 FY 2020 Q1 Q1 • 20% Fall 2018/2019 • 20% Fall 2019/2020 • 40% Spring 2019 • 20% Spring 2020 Q2 Q2 • 60% Spring 2019 • 38% Spring 2020 Q3 Q3 • 100% Summer 2019 • 42% Spring 2020 • 20% Fall 2019/2020 • 100% Summer 2020 Q4 Q4 • 60% Fall 2019/2020 • 50% Fall 2020/2021 Q3 2020
Slide 13: Q3 2020 financial performance
Q3 2020 financial performance • Q3 2020 revenue was 50% higher than Q3 2019, mainly due to Key figures and ratios Q3 2019 Q3 2020 Change 9M 2019 9M 2020 Change higher enrolments in Summer 2020 and to changes in revenue Revenue (KD mn) 17.0 25.4 49.7% 53.3 49.9 -6.4% recognition (please refer to page
Slide 14: Student enrollment
Student enrollment Total CAGR 18% AUM CAGR 22% ACM CAGR 6% Total 13,763 AUM ACM 12,356 12,385 11,760 1,935 10,360 1,970 2,127 2,286 8,620 Total students 2,011 6,853 enrolled 1,663 5,348 1,477 11,828 3,657 10,229 10,415 (beginning of 1,426 8,349 9,474 6,957 the Fall 1,182 5,376 3,922 semester) 2,475
Slide 15: Key financials: 9M 2020 revenues were impacted by Covid-19
Key financials 9M 2020 revenues were impacted by Covid-19 Revenue (KD mn) • Although Q3 2020 revenue was 50% higher than Q3 CAGR 2019, 9M 2020 revenue 24% recorded a drop of 6.4% 69.3 73.3 -6.4% compared to 9M 2019 61.8 54.5 53.3 mainly due to the change 49.9 in the start date of the Fall 43.6 2020
Slide 16: Key financials: Margins remain strong despite Covid-19
Key financials Margins remain strong despite Covid-19 • Gross profit grew at a CAGR Gross profit (KD mn) and gross profit margin EBITDA (KD mn) and EBITDA margin of 26% in the period 2013- CAGR CAGR 19. Gross profit margin was 26% 56.7 35% 77% in FY 2019, and 76% in 53.5 43.0 9M 2020 47.6 38.1 41.8
Slide 17: Key financials: Humansoft has a fortress balance sheet
Key financials Humansoft has a fortress balance sheet • Humansoft has a net cash Total assets (KD mn) and ROAA Total equity (KD mn) and ROAE position of KD 53.5 mn as at 30 Sep 2020 136.8 118.3 104.6 109.9 98.4 • Total equity has increased 85.7 48.3 56.9 67.0 80.4 38.2 to KD 104.6 mn as at 30 70.2 S
Slide 18: Strong equity story
Strong equity story • Solid track record • Strategic pillars • Long term focus 18
Slide 19: Solid track record
Solid track record Online learning, and state of the art campus Highest number of students among private universities in Kuwait Focus on Engineering & Business majors Solid financial performance, fortress balance sheet One of the largest free floats on Boursa Kuwait Q3 2020 19
Slide 20: Strategic pillars
Strategic pillars 1 2 3 Academic Operating Shareholder excellence efficiency value Q3 2020 20
Slide 21: Long term focus
Long term 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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