Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — FY2022 Earnings Presentation
14 slides from Shuaa Capital (p.s.c)'s earnings presentation, Mar 23, 2023
Slide 1: Earnings Presentation FY 2022
Earnings Presentation FY 2022 23 March 2023 © 2023 SHUAA Capital psc. All rights reserved Information Classification: Internal
Slide 2: Executive Summary
Executive Summary § Full year operating income (excluding carry expense) continues to show progress at AED 17 million in 2022, driven by firm cost optimization measures across the group and recurring revenues. Financial § The Group reported a net loss of AED 135 million in full year 2022 compared to
Slide 3: Key Financial Highlights FY 2022
Key Financial Highlights FY 2022 FY 2022 Financial Performance Commentary % Change % Change Income Statement (AED Mn) FY 2022 FY 2021 vs. FY 21 Q4-22 Q3-22 vs. Q3-22 Net Fee and Commission Revenue 251.1 295.7 (15%) 45.9 68.4 (33%) Net operating income of AED 17 million Other Revenue 14.7 27.0 (46%)
Slide 4: Revenue Breakdown
Revenue Breakdown Quarter-on-Quarter & Year-on-Year Revenues Commentary AEDm Recurring revenues continue to contribute Asset Management significantly with improved business momentum across all segments Investment Banking (57) -18% Corporate § Asset management continues to support recurring revenues
Slide 5: Asset Management Segment Performance
Asset Management Segment Performance Asset Management Revenues Commentary AEDm Real Estate Posting healthy Q4 2022 results driven by the contribution Public Markets from recurring real estate revenues coupled with resilient fee performance from managed public & private market Private Markets funds D
Slide 6: Investment Banking Segment Performance
Investment Banking Segment Performance Investment Banking Revenues Commentary AEDm Banking Investment banking delivers strong performance driven by improved trading & advisory income Markets Investment Management 29 Banking: § Lower revenues as a result of cyclicality and timing of 4 deal closures 1
Slide 7: Corporate Segment Performance
Corporate Segment Performance Corporate Revenues Commentary AEDm Robust corporate revenues amidst prolonged market volatility 103 § Lower corporate revenues reported in Q4 2022 post NCM transaction 82 § Declining performance in Group’s run-off businesses 32 12 3 Q4-21 Q3-22 Q4-22 FY 21 FY 22 EBITDA
Slide 8: Operating Expense Breakdown
Operating Expense Breakdown AEDm Operating Expense FY 2022 FY 2021 Var. AED Var. % Expense discipline maintained across the Group in 2022 Breakdown Staff Cost 144 148 (4) 3% § Staff costs and G&A expenses decreased in 2022 mainly due to the cost optimization measures G&A 64 76 (12) 16% taken during
Slide 9: Appendix
Appendix
Slide 10: Quarterly P&L
Quarterly P&L FY Q4 Q3 Q2 Q1 FY Q4 Q3 Q2 Q1 AED '000 2022 2022 2022 2022 2022 2021 2021 2021 2021 2021 Revenue 265,739 51,011 68,067 61,198 85,462 322,677 81,733 70,619 71,330 98,995 Net foreign exchange gain 25,650 (12,922) 15,607 16,085 6,879 5,900 2,487 4,027 240 (853) Ot her income 160,885 (7,81
Slide 11: Balance Sheet Summary
Balance Sheet Summary AED '000 31-Dec 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 2022 2022 2022 2022 2021 2021 2021 2021 2020 2020 2020 2020 Assets Cash and deposits with banks 64,151 107,907 252,983 348,586 460,648 391,614 321,196 353,566 416,975 329,863 327,993 29
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
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
Slide 14: SHUAA Capital psc Head Office
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