Al Imtiaz Investment Group K.s.c.c · KSE:ALIMTIAZ
Al Imtiaz Investment Group K.s.c.c — Al Imtiaz Investment Group — FY2018 Earnings Presentation
16 slides from Al Imtiaz Investment Group K.s.c.c's earnings presentation, 2018
Slide 1: Forward Looking, Future Ready: Earnings Presentation 2018
FORWARD LOOKING FUTURE READY Earnings Presentation 2018 www.alimtiaz.com
Slide 2: Disclaimer
Disclaimer This document has been prepared and issued by Al Imtiaz Investment Group Company K.P.S.C. (“AIIG”), which is regulated by the Kuwait Capital Markets Authority, the Central Bank of Kuwait and the Kuwait Ministry of Commerce and Industry. The purpose of this document is to provide informati
Slide 3: 2018 Key Financial Highlights
2018 Key Financial Highlights Performance Driven by 23.7% y-o-y Growth in Operating Portfolio Revenue of KD 35.7 mn Key Financial Metrics Key Financial Ratios KD 51.0 KD 29.2 KD 20.0 19 fils (33.1)% 9.7% Total Revenue EBITDA Net Profit Earnings per Revenue Growth Return on Equity (mn) (mn) (mn) Shar
Slide 4: Financial Performance
2018 Financial Performance Total Revenue (KD mn) EBITDA (KD mn) 76.3 51.0 39.3 37.4 29.2 25.8 23.0 14.3 16.5 7.9 2017 3M 2018 6M 2018 9M 2018 2018 2017 3M 2018 6M 2018 9M 2018 2018 Net Profit (KD mn) 2018 Revenue from Operating Assets (KD mn) 30.8 35.5 7.0 2.6 2.5 20.0 3.7 17.1 19.7 12.3 5.9 Net Ope
Slide 5: Strategic Direction
Strategic Direction Strategic Focus on Growth 2018 Portfolio Developments Dimah Capital Real Estate Investment Dimah Capital successfully obtained the approvals for its merger Re-Organization Develop Core Assets with Al Bilad Investment Company from regulatory authorities and Continue to optimize In
Slide 6: Recent Developments – Merger Between Dimah Capital and Al Bilad
Recent Developments – Optional page for greater disclosure Merger Between Dimah Capital and Al Bilad Investment Company Improved Diversification Synergies Enhanced Dimah Capital Al Bilad Financial of Investment through Cost Return on Leverage Portfolio Savings Assets Capital: KD 15 mn Capital: KD 48
Slide 7: Key Operating Portfolio Companies
Key Operating Portfolio Companies Integrated Dimah Capital Al Bilad Real Technology Al Ritaj Holding Investment Estate Investment Holding Brief Real estate focused investment Disciplined investment approach Manufactures branded generic Regional IT services and Description management company with a f
Slide 8: Key Operating Portfolio Companies Contd…
Key Operating Portfolio Companies Contd… House of Trade Amman Arab Engineering University Majd Food Triple e Holding and Construction Engineering, construction and Brief Private multidisciplinary university Food and beverage processing Service provider to the oil and maintenance contracting company
Slide 9: Asset Allocation
2018 Asset Allocation Diversification through the acquisition of Operating Assets NAV1 Growth of 16.7% y-o-y and 7.1% q-o-q NAV as on Dec-17 NAV as on Dec-18 Real Estate Investments Real Estate Investment 11% 11% IT & Technology Services Real Estate Properties 6% 12% 3% Real Estate Properties Energy
Slide 10: Revenue Key Drivers
2018 Revenue Key Drivers 23.7% y-o-y Growth in Operating Revenue Performance Discussion 2018 Total Revenue KD 51.0 mn • Portfolio Operating Revenue increased by 23.7% y-o-y from KD 28.9 to KD 35.7 mn in 2018 Operating Revenue KD 35.7 mn • Energy and Construction revenue up 72.9% from KD 6.8 mn in 20
Slide 11: Operating Expenses
2018 Operating Expenses Operating Expenses excluding provisions and impairments increased from KD 19.2 mn in 2017 to KD 21.2 mn in 2018 Operating Expenses 2017 – KD 37.0 mn Operating Expenses 2018 – KD 21.8 mn 51% 17% 13% 10% 8% 1% 100% 26% 23% 16% 14% 11% 8% 1% 1% 100% 21.8 2.9 1.7 0.2 0.2 0.2 2.5
Slide 12: EBITDA and Margins
EBITDA and Margins 2018 EBITDA KD 29.2 mn 2018 Operating EBITDA Margins Real Estate Properties 89.9% 49% 39% 9% 3% 100% Energy and Construction 79.1% 0.9 29.2 2.6 11.4 Real Estate Investments 53.5% Pharmaceuticals 33.9% 14.3 IT & Technology Services 30.1% F&B Processing and Packaging 29.4% Operating
Slide 13: Income Key Drivers
2018 Income Key Drivers 49% of 2018 EBITDA delivered from Operating Portfolio 2018 EBITDA 2018 Net Profit 3.3 3% 4% 39% KD 49% KD 36% 29.2 mn 23.3 mn 20.0 49% 9% 11% Net Profit Operating EBITDA Associates excluding Triple e Operating Net Profit Associates excluding Triple e Non-controlling Interests
Slide 14: Profit and Loss
Profit and Loss Segment Reporting Revenue from Operating Assets Year Ended Year Ended (KD mn) Dec-17 Dec-18 (KD mn) Dec-17 Dec-18 Associates 47.0 14.0 Net Operating Revenue from Subsidiaries 16.6 19.7 Pharmaceuticals 9.3 8.5 Real Estate Investment 8.5 Group’s Share of Results from Associates 5.9 7.0
Slide 15: Balance Sheet
Balance Sheet Balance Sheet Capital Structure (KD mn) Mar-18 Jun-18 Sep-18 Dec–18 (KD mn) Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Cash and Cash Equivalents and 61.7 52.6 28.0 47.2 Term Deposits Short Term Debt 6.0 7.0 6.7 7.8 8.8 Financial Assets at fair value through 36.2 33.8 25.7 24.9 other comprehens
Slide 16: Al Imtiaz Investment Group contact details
AL IMTIAZ INVESTMENT GROUP K.S.C. (PUBLIC) Al Dhow Tower, Khaled Bin Al Waleed St., Sharq P.O.Box: 29050, Safat, 13151, Kuwait Website: www.alimtiaz.com Investor Relations AL IMTIAZ INVESTMENT GROUP K.S.C. (PUBLIC) IR@alimtiaz.com +965 182 2282 www.alimtiaz.com
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