Shuaa Capital (p.s.c) · DFM:SHUAA

Shuaa Capital (p.s.c) — Q1 2024 Earnings Presentation

14 slides from Shuaa Capital (p.s.c)'s earnings presentation, Jul 16, 2024

  1. Slide 1: Earnings Presentation Q1 2024

    E a r n i n g s P re s e n ta t i o n Q1 2024 16 July 2024 © 2024 SHUAA Capital psc. All rights reserved Information Classification: Internal

  2. Slide 2: Executive Summary

    Executive Summary  Q1 2024 revenues slightly lower compared to Q4 2023 due to a reduction in valuation of managed funds which resulted in lower management fees and revenues from legacy investment in the UK. Financial  Q1 2024 adjusted operating income amounted to AED 5 million, a significant incre

  3. Slide 3: Key Financial Highlights Q1 2024

    Key Financial Highlights Q1 2024 Q1 2024 Financial Performance Commentary Income Statement (AED Mn) Q1-24 Q4-23 Q/Q Change Q1-23 Y/Y Change Adjusted Net Operating Income of AED 5 million in Q1 2024 Fee and Commission Revenue 27.3 30.9 (3.6) 54.5 (27.2) mainly driven by cost optimization measures rel

  4. Slide 4: Revenue Breakdown

    Revenue Breakdown Quarter-over-Quarter Revenues Commentary AEDm Q1 2024 revenues of AED 30 million slightly lower than prior quarter mainly due to drop in Asset Asset Management Management revenues partially offset by sales and trading income. Investment Banking Corporate  Asset management revenues

  5. Slide 5: Asset Management Segment Performance

    Asset Management Segment Performance Asset Management Revenues Commentary AEDm Real Estate Revenues in Q1 2024 lower than prior quarter mainly driven by lower management fees. Public Markets Real Estate: Private Markets  Recurring fund management fees from the Palm Debt Project and JLT offset by lo

  6. Slide 6: Investment Banking Segment Performance

    Investment Banking Segment Performance Investment Banking Revenues Commentary AEDm Q1 2024 revenues came in higher than prior quarter by Advisory AED 2 million driven by sales and trading income. Markets Advisory:  Lower revenues mainly resulting from lack of Investment Management mandates closing

  7. Slide 7: Corporate Segment Performance

    Corporate Segment Performance Corporate Revenues Commentary AEDm Corporate segment is responsible for exiting and winding down all non-core assets of the Group.  Corporate revenues recognized in the current quarter is non-recurring in nature.  Currently undergoing FDD and the finalization of the S

  8. Slide 8: Operating Expense Breakdown

    Operating Expense Breakdown Quarter-over-Quarter Expenses 1 Commentary AEDm Carry Expense Firm cost discipline maintained across the Group in Q1 Staff Costs 2024 with continued decline in operating expenses due G&A Other Expenses to cost optimization initiatives undertaken in 2023 and D&A Controllab

  9. Slide 9: Appendix

    Appendix

  10. Slide 10: Quarterly P&L

    Quarterly P&L Q1 FY Q4 Q3 Q2 Q1 AED '000 2024 2023 2023 2023 2023 2023 Revenue 30,185 161,418 33,270 30,692 37,737 59,719 Net foreign exchange gain/(loss) 13,020 (9,941) (9,582) 7,303 (4,556) (3,107) Other income/(expense) 914 (41,996) (27,199) (60,216) 52,103 (6,683) Change in fair value gains/(los

  11. Slide 11: Balance Sheet Summary

    Balance Sheet Summary AED '000 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 2024 2023 2023 2023 2023 2022 2022 2022 2022 Assets Cash and deposits with banks 32,994 33,178 107,545 103,120 98,275 64,151 107,907 252,983 348,586 Receivables and other debit balances 175,646 151,408 239,

  12. 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

  13. 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

  14. Slide 14: Information Classification: Internal

    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

SHUAA Capital psc — Q1 2024 Earnings Presentation on 6ix