Kuwait Financial Centre Kpsc · KSE:MARKAZ
Kuwait Financial Centre Kpsc — H1 2023 Earnings Presentation
20 slides from Kuwait Financial Centre Kpsc's earnings presentation, August 2023
Slide 1: Earnings Presentation H1 2023
Earnings Presentation H1 2023 j—4y—al| MARKAZ|
Slide 2: Contents
H1 2023 Performance Highlights .…………........................... 3-4 Markaz Overview ............................................................. 5-7 Business Highlights .…………................................................ 8-9 Financials Trend .…………..................................................
Slide 3: Profit and Loss Highlights
Profit and Loss Highlights KD 7.15 mn Total Revenue KD 3.92 mn KD 2.82 mn Management Fees & Commission Return on Principal Investments Net Rental Income KD 1.68 mn Management Fees & Commission declined Asset Management KD 3.61 mn KD 0.41 mn Interest and Dividend KD 0.94 mn by 35% from KD 6.00 mn in
Slide 4: H1 2023 Results Press Release Summary
Kuwait, 10 August 2023 - Kuwait Financial Centre “Markaz” (KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ: KK) reported its financial results for H1-2023 ended 30 June 2023 with Total Revenues of KD 7.15 million, a net decline of 38% when compared to KD 9.88 million in H1-2022. The decline is pri
Slide 5: Markaz Overview
Leading market position Sustainable long-term shareholder Building a sustainable economy in Our Team - cornerstone of our As one of the region’s leading returns Kuwait success asset management and investment Generates sustainable long-term Endeavors to actively participate in A team of 150+ employee
Slide 6: Business Lines and Regional Presence
Germany US Poland Turkey Kuwait Qatar Bahrain Oman KSA India UAE Egypt Lebanon Equity Fixed Income MENA Real Estate Investments International Real Estate Investment Banking Advisory Offices
Slide 7: Awards and Recognition
MENA Investment Bank of the Best Investment Bank Best Asset Manager / Best Private Bank Year/Excellence in Real Estate in Kuwait/Best Private Bank Best Investment Bank in Kuwait In Kuwait Investment in Kuwait By: MEED By: Global Finance By: EMEA Finance By: WealthBriefing Kuwait Wealth Manager of Mi
Slide 8: Asset Management and Real Estate Investments
Asset Management Real Estate Investments GCC Equity Funds, Fixed Income Fund, Others: Middle East and North Africa, International: Total AUM of KD 812 million Total AUM of KD 361 million Asset management continues to implement Markaz’s long term bottom up investment approach along with MENA Real E
Slide 9: Investment Banking and Research
Investment Banking Research M&A, Advisory, Equity & Debt Capital Markets, IPOs and restructuring: Mena focused Research, Consulting Services: During H1 2023, the investment banking team successfully Publishes MENA focused research reports and bespoke consulting concluded the first KD denominated
Slide 10: H1 2023 Revenue and Net Profit Trends
H1 2023 Revenues growth on y-o-y basis H1 2023 Net Profit (KD 000’s) Total Revenue decline was primarily due to the reduction The net profit declined due to decrease in revenues of 187% in the Gain from Investments at Fair Value and negative fair value adjustment of financial through P/L compari
Slide 11: Return on Equity and Dividend Per Share
Return on Equity1 Dividend Per Share and Payout Return on Equity of 10.0% on LTM basis as it was Board of Directors approved a cash dividend of 5 Fils improved due to an increase in Interest Income, Gain per share a payout of 83% on the EPS from Investments at Fair Value through P/L and Other So
Slide 12: H1 2023 Revenue Analysis
Period Ended Y-o-Y (KWD 000's) Growth H1 2023 H1 2022 (%) Management Fees and Commission 3,921 6,000 (35%) H1 2023 Revenue Analysis Interest income 446 203 120% Dividend income 495 452 10% (Loss)/ Gain from financial assets at fair value through P/L (1,594) 1,826 (187%) (Loss)/ Gain from Investments
Slide 13: Balance Sheet Key Metrics
(KWD 000's) June Dec June 2023 2022 2022 ASSETS Asset Under Management Cash and bank balances 8,709 15,112 7,713 Time deposits 1,258 2,104 2,110 Investments at fair value through profit or loss 102,135 105,069 113,205 H1 2023 AUM H1 2022 AUM Assets held for sale 27,525 - - KD 1,173 million KD 1,161
Slide 14: Management Fees and Commission
Management Fees & Commission (KD 000’s) (26)% CAGR 3,304 2,857 1,965 2,105 1,816 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Asset Management Fees1 (KD 000’s) Investment Banking Fees (KD 000’s) (30)% 27% CAGR CAGR 315 2,989 2,665 243 1,867 1,752 1,862 192 98 64 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q2
Slide 15: Asset Management Fees, AUM and Annualized Fees
Asset Management Fees1 (KD 000’s) AUM (KD million) 1,173 2,989 2,665 1,161 1,154 1,867 1,752 1,862 1,142 1,126 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Annualized Management Fees (%) 1.05% 0.92% 0.65% 0.62% 0.64% Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 1. Asset
Slide 16: Return on Principal Investments
Income Returns (KD 000’s) Investment Assets1 (KD million) 3,849 196 194 2,607 191 187 185 (1,392) (846) (4,750) Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Annualized Income Returns (%) 8.1% 5.6% (2.8)% (1.8)% (9.8)% Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 1. Inve
Slide 17: Capital Structure and Returns
Return on Assets1 (%) June Dec June (KD 000's) 2023 2022 2022 5.1% Bank borrowings 33,156 29,015 28,767 3.3% Bonds Issued 35,000 35,000 35,000 0.8% 1.4% Total Debt 68,156 64,015 63,767 Cash and Bank Balance 8,709 15,112 7,713 Time Deposits 1,258 2,104 2,110 (3.9)% Total Cash including Time Deposits
Slide 18: Shareholders and Corporate Information
Major Shareholders Corporate Information Major Shareholders Type % Holding Main Market – Boursa Kuwait Market Segment Listing (Sec Code: 213) Kuwait Pillars for Financial Investment Direct 29.70% Al Mubader Co Direct 5.13% 2022 Proposed Dividends Cash Dividend – 5 Fils Per Share KD 35,000,000 unsecu
Slide 19: Disclaimer
This document has been prepared by Churchgate Partners for Kuwait Financial Centre K.P.S.C. (“Markaz”) investors, solely for informational purposes. This presentation may contain statements that are not historical facts, referred to as “forward looking statements” .The information contained herein h
Slide 20: markaz.com
+965 2224 8000 | info@markaz.com markaz.com
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