Boubyan Bank K.S.C. · KSE:BOUBYAN
Boubyan Bank K.S.C — Boubyan Bank — FY2022 Earnings Presentation
22 slides from Boubyan Bank K.S.C's earnings presentation, February 2023
Slide 1: Cover letter to Boursa Kuwait
f,~ Boubyan Bank Kuwait: 02/02/2023 2023/02/02 :2ugSJI Ref: 393 5/2023 2023/3935 5)LAyl Mr. Mohammad Saud AI-Osaimi aye east! og. ores / us| CEO (SAAN ts pS) Boursa Kuwait . sug SII Aye r9s Dear Sir ‘ 2 ree sy) 45S 29 ltl Loo y9 @Sule adel! PowerPoint Presentation of Analysts’ Bee SU Cle pS oh oral!
Slide 2: Boubyan Bank Investor Presentation FY 2022 Results
Boubyan Bank Investor Presentation FY 2022 Results February 2023
Slide 3: 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 DOES N
Slide 4: Outline
Outline 1 Boubyan’s Performance & Strategy – At a glance 2 Income statement analysis 3 Balance sheet analysis 4 Capitalisation and Leverage 3
Slide 5: Financial Highlights
Boubyan’s Performance & Strategy - At a Glance Financial Highlights Financial snapshot Market share (%) KD million 2022 2021 Growth % Net Profit to shareholders 57.8 48.5 19% 11.2 11.3 Operating Income 201.4 187.8 7% Operating Profit 100.6 100.5 - 7.9 10.5 10.7 Total Assets 7,881 7,352 7% 7.7 Financ
Slide 6: The Bank's strategy builds on robust domestic foundations
Boubyan’s Performance & Strategy - At a Glance The Bank’s strategy builds on robust domestic foundations Strategic objectives ▪ Clear focus on high net worth and affluent clients ▪ Expand branch footprint Retail Banking ▪ Maintain leadership in customer experience ▪ Product and channel innovation ▪
Slide 7: Outline
Outline 1 Boubyan’s Performance & Strategy – At a glance 2 Income statement analysis 3 Balance sheet analysis 4 Capitalisation and Leverage 6
Slide 8: Profitability and performance ratio
Income statement analysis Profitability and performance ratio Net profit (KD Million) Operating profit (KD Million) 19% 100.5 100.6 57.8 48.5 2021 2022 2021 2022 * Return on Average Equity (%) Return on Average Assets (%) 0.8 7.8 0.7 7.6 2021 2022 2021 2022 * Return on Average Equity is computed bas
Slide 9: Operating income components and Net Profit Margins
Income statement analysis Operating income components and Net Profit Margins Operating Income (KD Million) Net Financing Income Operating income Net Financing Income 7% 6% 187.8 201.4 157.5 167.2 2021 2022 2021 2022 Composition on operating income Net Profit Margin % Investment inc Fees, Com. & Fx F
Slide 10: Operating costs and efficiency
Income statement analysis Operating costs and efficiency Operating costs (KD Million) Composition of Operating costs Staff costs General & Admin Depreciation 16% 11% 12% 29% 28% 100.8 87.2 60% 60% 2021 2022 2021 2022 Operating efficiency (%) Operating costs to average assets (%) 50.1 46.5 1.3% 1.3%
Slide 11: Provisions and related ratios
Income statement analysis Provisions and related ratios Provisions* (KD Million) General Specific Other Provisions 50.8 43.6 10.6 8.0 7.6 6.1 32.6 29.5 2021 2022 Loss ratio % Provisions to Operating profit % 0.74% 50.5% 0.57% 43.4% 2021 2022 2021 2022 * General Provisions are shown inclusive of cont
Slide 12: Outline
Outline 1 Boubyan’s Performance & Strategy – At a glance 2 Income statement analysis 3 Balance sheet analysis 4 Capitalisation and Leverage 11
Slide 13: Assets and Sources of Funding
Balance sheet analysis Assets and Sources of Funding Total Assets (KD Million) Composition of assets PPE & Other assets Investments 7% *Liquid assets Financing Portfolio 3% 3% 2% 2% 20% 19% 7,352 7,881 75% 75% Dec-21 Dec-22 Dec-21 Dec-22 Sources of Funding (KD Million & %) Customer deposits (KD Mill
Slide 14: Financing Portfolio and asset quality
Balance sheet analysis Financing Portfolio and asset quality Financing Portfolio – KD Million Composition of Financing Portfolio 7% Retail Corporate 42% 41% 5,513 5,914 58% 59% Dec-21 Dec-22 Dec-21 Dec-22 Non performing Financing Portfolio Loss Coverage ratio NPL - KD Million NPL % 319% 315% 0.9% 1.
Slide 15: Outline
Outline 1 Boubyan’s Performance & Strategy – At a glance 2 Income statement analysis 3 Balance sheet analysis 4 Capitalisation and Leverage 14
Slide 16: Capital Adequacy
CAPITALISATION AND LEVERAGE Capital Adequacy Capital adequacy ratio Leverage ratio RWA - KD Million Total CAR 19.4% 16.4% 11.4% 9.4% 4,728 5,137 Dec-21 Dec-22 Dec-21 Dec-22 Composition of regulatory capital CET1 Additional Tier 1 Tier 2 8% 7% 19% 16% 73% 78% Dec-21 Dec-22 Source: Regulatory returns
Slide 17: Questions?
’ hin Boubyan Bank Questions? gli Joos 16
Slide 18: Appendix
’ hin Boubyan Bank Appendix gli Joos 17
Slide 19: Consolidated Financial Statements – FY 2022
Consolidated Financial Statements – FY 2022 CONSOLIDATED STATEMENT OF INCOME 31-Dec 31-Dec CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31-Dec 31-Dec KD Million 2022 2021 KD Million 2022 2021 Income Assets Islamic financing income 283.7 223.2 Cash and balances with banks 533 351 Financing cost (116.
Slide 20: Consolidated Income Statement
Consolidated Income Statement KD Million 31-Dec 31-Dec 31-Dec 2021 2020 2019 Income Murabaha and other Islamic financing income 223.2 223.1 207.6 Distribution to depositors and Murabaha Cost (65.7) (84.2) (88.2) Net finance income 157.5 138.9 119.5 Net investment income 8.8 6.8 6.2 Net fees and comm
Slide 21: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position KD Million 31-Dec 31-Dec 31-Dec 2021 2020 2019 Assets Cash and balances with banks 350.5 286.7 232.4 Deposits with Central Bank of Kuwait 225.9 336.9 306.2 Deposits with other banks 387.9 180.1 330.0 Islamic financing to customers 5,513.1 4,823.3 3,826.1
Slide 22: Thank you
’ hin Boubyan Bank Thank you gli Joos 21