Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — SHUAA Capital — Q2 2013 Earnings Presentation
27 slides from Shuaa Capital (p.s.c)'s earnings presentation, 2013
Slide 1: SHUAA Capital Second Quarter 2013 Results
SHUAA Capital Second Quarter 2013 Results Investment Banking | Capital Markets | Asset Management | Credit Page 1
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Cautionary Note Regarding Forward-Looking Statements This document and presentation contain forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectatio
Slide 3: Financial Results: Point of departure
Financial Results Point of departure 2012 Target 2012 Result 2013 Guidance Revenues Revenues Revenues Maintain revenues despite restructuring/brokerage exit 38% increase Double-digit increase Net Profit/Loss Net Profit/Loss Net Profit/Loss AED (40)m to AED (60)m AED (59)m* AED (18) m to AED 6 m Oper
Slide 4: 2Q 2013 Performance Highlights
2Q 2013 Performance Highlights Progress Report for Investors In line with 2013 Guidance Financial Highlights Business Highlights Net profit improved by 17.2m to AED 1.3m in Q2 2013 Balance Sheet deployment to SME lending division on (net loss of AED 15.9m in Q2 2012), and 7.2m track. Increased l
Slide 5: 2Q 2013 Financial Performance Highlights
2Q 2013 Financial Performance Highlights Q2 2013 REVENUES Q2 2013 TOTAL EXPENSES Q2 2013 NET PROFIT/LOSS Up 95% vs Q2 Down 18% vs Q2 Up 17.2m vs Q2 Financial Highlights in AED Million Q2 2013 Q1 2013 Q2 2012 Total Revenues 43.4 36.2 22.2 General & Administrative Expenses -37.9 -37.7 -39.8 Operating
Slide 6: Revenues and Cost Base
Revenues and Cost Base Visible impact of restructuring program Total Revenues Total Expenses in AED Million In AED Million 43.4 43.4 -50.3 36.2 -41.2 -41.2 -39.2 22.2 2Q2012 2Q2013 1Q2013 2Q2013 2Q2012 2Q2013 1Q2013 2Q2013 Revenues Total Expenses Y-o-Y Q-o-Q Y-o-Y Q-o-Q +95% +20% -18% +5% Page 6
Slide 7: Cost Structure
Cost Structure Maintaining Cost Discipline is Key Operating Expenses Cost/Income Ratio (Operating Expenses/Revenues) In AED million In % 65.1 360% 58.7 58.7 57.5 61.1 286% 44.7 46.7 240% 37.4 40.7 41.0 201% 164% 134% 149% 111% 112% 94% 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 1Q11 2Q11 3Q11
Slide 8: Net Profit/Loss
Net Profit/Loss On track to achieve 2013 Earnings Guidance Net Profit/Loss 2013E Guidance In AED Million SHUAA maintains its guidance for 2013 with a range FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 YTD 2013 between a net profit of AED 6m and a net loss of AED (4.6) 18m. (59.0) The Equities busines
Slide 9: 2013 Financial Performance Highlights
2013 Financial Performance Highlights Strong Balance Sheet CASH CASH TOTAL LIABILITIES SME lending Down 17% AED 241m Up 31% Up 15% Financial Highlights in AED Million 30 June 2013 31 March 2013 Change Total Assets 1,370 1,305 5% Cash 241.3 289.9 -17% Loans, advances and finance leases 730.9 635.2 15
Slide 10: Strong Balance Sheet
Strong Balance Sheet Supported by deliberately reduced non-core assets SHUAA Group – Total Assets incl. Cash SHUAA Group - Total Liabilities In AED Million In AED Million 422 437 1,861 1,877 405 396 406 329 1,691 298 1,606 1,571 269 265 203 1,470 1,425 1,375 1,370 1,305 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12
Slide 11: Balance Sheet Management
Balance Sheet Management Reduce Loss-Leaders and Invest in Growth Private Equity Funds Leverage* Lending (GFC and GIC)* In AED Million In AED Million -80% 68.9 +139% 696.8 35.2 38.5 34.3 34.4 28.7 607.6 16.1 14.6 13.7 14.0 513.9 495.5 466.0 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 437.9 433
Slide 12: Balance Sheet: Consolidated Financial Position
Balance Sheet Consolidated Financial Position 30 Sep 31 Dec 31 Mar 30 Jun Jun 2013 vs AED Thousands 2012 2012 2013 2013 Dec 2012 Cash and deposits with banks 343,615 423,317 289,920 241,256 (182,061) Receivables and other debit balances 29,449 21,569 17,173 23,361 1,792 Loans, advances and finance l
Slide 13: Strategic Roadmap
Strategic Roadmap SHUAA is well positioned to benefit from the current market cycle Equities Credit Equities Credit Equities Credit Equities Credit 2008 2012 2016 2020 AED 1.37bn assets vs. AED 264.6m liabilities – Debt/Equity Ratio at 0.24x Balance Sheet AED 241.3 m cash is solid foundation to inve
Slide 14: Strategic Roadmap: Revenue Contribution by Business Unit
Strategic Roadmap SHUAA is well positioned to benefit from the current market cycle Second Quarter 2013 Revenue Contribution by Business Unit Percentages Equities Credit Main Objectives Break-even across equities businesses Brokerage Maintain cost discipline 0.7% Capital Markets 5.1% Value Drive
Slide 15: SHUAA Capital – Company Overview
SHUAA Capital – Company Overview Page 15
Slide 16: Introduction to SHUAA
Introduction to SHUAA Fully-Integrated Investment Banking Service Provider Regional Perspective – International Calibre Team Capital Markets 205 employees Asset Management Investment Banking Capital Markets Investment Asset Credit Clients Banking Management Corporate Office Presence: Dub
Slide 17: Introduction to SHUAA: Commitment to excellence
Introduction to SHUAA Commitment to excellence and client-centric solutions Culture Competitive Positioning Client Value Add Publicly listed investment bank Heritage Strong regional perspective » Here since 1979 - Here to stay Major regional player Safety International calibre teams » Ve
Slide 18: Local and International expertise as a key client benefit
Introduction to SHUAA Local and International expertise as a key client benefit Board of Directors Executive Chairman – HH Sheikh Maktoum Hasher Al Maktoum (Member of Dubai’s Ruling Family) Vice Chairman - Hamad Al Sager (Managing Partner of A.H. Al Sagar & Bros Kuwait - ChevronTexaco, Microsoft, Ho
Slide 19: Recognition & Awards (selection)
Introduction to SHUAA Recognition & Awards (selection) GULF FINANCE SHUAA SHUAA Best UAE Best SME Best Middle East Asset Manager 2012 Finance Company Equity House - 2012 - - 2008 - -2012- GULF FINANCE SHUAA SHUAA Best UAE Best Business Best UAE 2011 Asset Manager Finance Company Equity House - 2011
Slide 20: Credit
Credit Asset finance Credit Investment Invoice finance Asset Commercial Strategies Corporate deposits Management Finance Credit Funds Financial guarantees Small business loans Clients GULF FINANCE Debt Advisory Consumer Marine finance Restructuring Advisory Finance Personal loa
Slide 21: Investment Banking
Investment Banking Equity Research Sector Notes Research Company Research Daily/ Weekly Notes Capital Raising Initial Public Offerings Privates Placements Mezzanine Financing Mergers & Acquisitions Buy-/Sell-side Advisory Investment Advisory Leveraged Buy-outs Clients Divestitures
Slide 22: Investment Banking Selected Transactions
Investment Banking Selected Transactions Initial Public Offerings NMC Health plc Dubai Ports World Deyaar Development PJSC Air Arabia PJSC Gulf Navigation Holding PJSC Lead Manager, Bookrunner Financial Advisor GBP 117,000,000 USD 4,963,400,000 AED 3,178,000,000 AED 2,566,700,000 AED 910,000,000 Joi
Slide 23: Investment Banking SME Advisory Initiative
Investment Banking SME Advisory Initiative The Jam Jar L.L.C. Intercoil International Co. Samtech Middle East HiPHONE Telecom - Dubai Ethos Consulting - Dubai LLC FZ - LLC (Member of the SME 100 Program) (Member of the SME 100 Program) (Member of the SME 100 Program) (Member of the SME 100 Program)
Slide 24: Capital Markets
Capital Markets Global Market Access & Execution Portfolio Advisory Services Global Access to liquidity through an Settlement Financing Equities extensive network of local and Margin Facilities international counterparties Consolidation - one account across Global multiple markets Fixed
Slide 25: Investment Research
Investment Research Daily and Weekly Pan-Arab Fundamental Investment Advice Sector and Strategy Research Company Research Coverage Sectors Banking Construction Consumer Healthcare Real Estate Transport & Logistics Telecommunications Utilities Corporate Access Page 25
Slide 26: Asset Management: Longest regional performance track record
Asset Management Longest regional performance track record Consistent Outperformance of benchmark and peers FUND INCEPTION NAV DATE NAV/S CRSI % % YTD BENCHMARK OUTPERFORMANCE Arab Gateway Fund 17 Dec 1999 30 April 2013 USD 26.19 161.90% 13.48 % 5.07% 8.41% Emirates Gateway Fund 17 Apr 2002 30 April
Slide 27: For additional information contact
For additional information contact: Oliver Schutzmann Head of Investor Relations & Corporate Communications SHUAA Capital psc Emirates Towers Offices, Level 31 PO Box 31045 Dubai United Arab Emirates M: +971 50 640 5722 E: oschutzmann@shuaa.com Page 27