Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — Q3 2023 Earnings Presentation
14 slides from Shuaa Capital (p.s.c)'s earnings presentation, Dec 6, 2023
Slide 1: Earnings Presentation Q3 2023
Earnings Presentation Q3 2023 06 December 2023 © 2023 SHUAA Capital psc. All rights reserved Information Classification: Internal
Slide 2: Executive Summary
Executive Summary § Group revenues of AED 128 million YTD 2023 significantly higher compared to AED 84 million in prior comparable period on a normalized basis due to increase in fee paying AuM and performance-based income from managed investment funds and real estate project. Financial § YTD 2023 o
Slide 3: Key Financial Highlights YTD 2023
Key Financial Highlights YTD 2023 YTD 2023 Financial Performance Commentary Change vs. Net Operating Income of AED 33 million YTD Income Statement (AED M) YTD-23 YTD-22 YTD-22 Q3-23 Q2-23 2023 mainly driven by fees generated via Net Fee and Commission Revenue 114.6 218.5 (103.8) 29.1 31.0 Other Reve
Slide 4: Revenue Breakdown
Revenue Breakdown Year-over-Year Revenues Commentary AEDm Revenues in YTD 2023 AED 44 million higher than prior year on a normalized basis post Asset Management deconsolidation of AED 146 million of revenues from sale of a non-core asset and Astrea contract run- Investment Banking off. Higher revenu
Slide 5: Asset Management Segment Performance
Asset Management Segment Performance Asset Management Revenues Commentary AEDm Higher revenues in current year mainly driven by strong performance in managed funds generating Real Estate management and performance-based incentive fees. AED 41 million of revenues normalized from Public Markets prior
Slide 6: Investment Banking Segment Performance
Investment Banking Segment Performance Investment Banking Revenues Commentary AEDm Investment banking revenues lower by AED 2 million YTD 2023 compared to prior year primarily due to Advisory lower advisory income partially offset by sales and trading income through robust trading volumes Markets tr
Slide 7: Corporate Segment Performance
Corporate Segment Performance Corporate Revenues Commentary AEDm Corporate revenues will make up a smaller portion of overall revenues in 2023 and beyond mainly as a result of the Group’s strategic initiative to divest from non-core assets 104 § Corporate revenues recognized in YTD 2023 mainly non-r
Slide 8: Operating Expense Breakdown
Operating Expense Breakdown Year-over-Year Expenses 1 Commentary AEDm 225 Firm cost discipline maintained across the Group in YTD 2023 with continued decline in operating Staff Costs Other Expenses 63 expenses due to cost optimization initiatives G&A Controllable Costs undertaken in 2022. Deconsolid
Slide 9: Appendix
Appendix
Slide 10: Quarterly P&L
Quarterly P&L YTD Q3 Q2 Q1 YTD Q3 Q2 Q1 AED '000 2023 2023 2023 2023 2022 2022 2022 2022 Revenue 128,148 30,692 37,737 59,719 228,581 70,662 66,555 91,364 Ot her income/ (expense) (14,579) (59,999) 52,103 (6,683) (38,097) (186,397) 36,505 111,795 Net foreign exchange gain/ (loss) (359) 7,303 (4,556)
Slide 11: Balance Sheet Summary
Balance Sheet Summary AED '000 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 2023 2023 2023 2022 2022 2022 2022 Assets Cash and deposits with banks 107,545 103,120 98,275 64,151 107,907 252,983 348,586 Receivables and other debit balances 239,808 309,732 437,398 407,061 397,757 201,808 234,801 Lo
Slide 12: 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 13: 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 14: 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