Human Soft Holding Co. Kscc · KSE:HUMANSOFT
Human Soft Holding Co. Kscc — Humansoft Holding Company K.S.C.P. — FY2020 Earnings Presentation
20 slides from Human Soft Holding Co. Kscc's earnings presentation, Feb 15, 2021
Slide 1: Humansoft Holding Company KSCP Investor Presentation FY 2020 Results
Humansoft Holding Company KSCP Investor Presentation FY 2020 Results 15 February 2021 Disclaimer: Nothing in this document constitutes an offer to sell or a solicitation of an offer to buy any securities
Slide 2: 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 do
Slide 3: Table of contents
Table of contents Page 2020 key highlights 4 At a glance 5 We are proud of our achievements 6 Board & Executive Management 7 Share price performance 8 10th largest by market cap 9 Research coverage 10 Revenue recognition 11 2020 financial performance 12 Student enrollment 13 Key financials 14-16 Str
Slide 4: 2020 key highlights
2020 key highlights Schools and General Board of AUM and ACM New universities in Assembly Directors classes collaboration Kuwait closed voted against waived their conducted with Babson from Mar distributing remuneration online from College onwards (on- dividends for for FY 2019 Apr onwards campus) F
Slide 5: At a glance
At a glance Leading 20+ 13,7631 University private higher years of operating enrolled students in of choice education company experience AUM and ACM in the GCC for Engineering and Business KD 68.5 KD 43.1 51% 400 fils million million foreign ownership in cash dividend per share Humansoft, one of pro
Slide 6: We are proud of our achievements
We are proud of our achievements Over 700 Over 60% Over 60 trees have been female different staff planted in the students nationalities campus Over 100 Over 90 Over 20 community academic sports engagement competitions achievements initiatives since since 2014 since 2018 2014 FY 2020 6
Slide 7: Board & Executive Management
Board & Executive Management Name Position Ms. Dalal Hasan Al Sabti Chairperson Board of Mr. Tareq Fahad Al Othman Vice Chairman Directors Mr. Mayank Hasmukhlal Baxi Director Mr. Hasan Qasim Al Ali Director Mr. Abdulrazaq Abdulla Mohammad Ahmed Director Name Position Mr. Mayank Hasmukhlal Baxi CEO,
Slide 8: Share price performance
Share price performance Shareholding (31 Dec 2020) KD Closing price as at 31 Dec 2020 3.799 Market Cap (KD mn) 1 462 20% Al-Othman Market Cap (USD bn) 1.5 6% Al Imtiaz Group 6m avg. daily trading volume (% of shares outstanding) 0.21% 52-weeks high 2 3.810 5% Public Institute for Social Security 2.2
Slide 9: 10th largest by market cap on Boursa Kuwait's Premier Market
10th largest by market cap on Boursa Kuwait’s Premier Market Market Cap Boursa Kuwait Name Description Rank (KD million) segment National Bank of Kuwait Banking 5,705 1 Premier Kuwait Finance House Banking 5,152 2 Premier Zain Telecom 2,622 3 Premier Ahli United Bank AUB (Bahrain) Banking 2,191 4 Pr
Slide 10: Research coverage
Research coverage Broker Target price Date of report Analyst • Alaa Tolba CI Capital 5.000 8 January 2019 • Mirna Mohsen • Hatem Alaa EFG Hermes 4.850 25 November 2020 • Mirna Maher HSBC 4.800 9 November 2020 • Ankur Agarwal • Aly Adel Beltone 4.530 24 September 2019 • Toka Elwazery Arqaam 4.500 21
Slide 11: Revenue recognition
Revenue recognition FY 2019 FY 2020 Q1 Q1 • 20% Fall 2018/2019 • 20% Fall 2019/2020 • 40% Spring 2019 • 20% Spring 2020 Q2 Q2 • 60% Spring 2019 • 38% Spring 2020 Q3 Q3 • 100% Summer 2019 • 42% Spring 2020 • 20% Fall 2019/2020 • 100% Summer 2020 Q4 Q4 • 60% Fall 2019/2020 • 50% Fall 2020/2021 FY 2020
Slide 12: 2020 financial performance
2020 financial performance • 2020 revenue was 6.5% lower than 2019, mainly due to a delayed Key figures and ratios Q4 2019 Q4 2020 Change FY 2019 FY 2020 Change start of the Fall 2020 semester Revenue (KD mn) 20.0 18.6 -6.9% 73.3 68.5 -6.5% • 2020 EBITDA margins of 63% was 4% higher than 2019 EBITDA
Slide 13: Student enrollment
Student enrollment Total CAGR 18% AUM CAGR 22% ACM CAGR 6% Total 13,763 AUM ACM 12,356 12,385 11,760 1,935 10,360 1,970 2,127 2,286 8,620 Total students 2,011 6,853 enrolled 1,663 5,348 1,477 11,828 3,657 10,229 10,415 (beginning of 1,426 8,349 9,474 6,957 the Fall 1,182 5,376 3,922 semester) 2,475
Slide 14: Key financials: 2020 revenues were impacted by Covid-19
Key financials 2020 revenues were impacted by Covid-19 Revenue (KD mn) • 2020 revenue was 6.5% lower as compared to CAGR 2019 mainly due to a 19% -6.5% delayed start of the Fall 73.3 68.5 69.3 2020 semester due to 61.8 Covid-19 54.5 43.6 28.6 20.6 • The higher education segment accounted for 98.5% o
Slide 15: Key financials: Stronger margins despite Covid-19
Key financials Stronger margins despite Covid-19 • Gross profit grew at a CAGR Gross profit (KD mn) and gross profit margin EBITDA (KD mn) and EBITDA margin of 21% in the period 2013- CAGR CAGR 20. Gross profit margin for 21% 56.7 53.9 30% 2020 was 79% 53.5 43.0 43.1 47.6 38.1 41.8 33.2 • EBITDA gre
Slide 16: Key financials: Humansoft has a fortress balance sheet
Key financials Humansoft has a fortress balance sheet • Humansoft has a net cash Total assets (KD mn) and ROAA Total equity (KD mn) and ROAE position of KD 63 mn as at 31 Dec 2020 158.3 117.9 118.3 • Humansoft’s strong 98.4 109.9 80.4 48.3 earnings have resulted in 85.7 38.2 56.9 67.0 70.2 growth in
Slide 17: Strong equity story
Strong equity story • Solid track record • Strategic pillars • Long term focus 17
Slide 18: Solid track record
Solid track record Online learning, and state of the art campus Highest number of students among private universities in Kuwait Focus on Engineering & Business majors Solid financial performance, fortress balance sheet One of the largest free floats on Boursa Kuwait FY 2020 18
Slide 19: Strategic pillars
Strategic pillars 1 2 3 Academic Operating Shareholder excellence efficiency value FY 2020 19
Slide 20: Long term focus
Long term focus • We are building new capabilities and developing new offerings to secure our long term prospects Academic • This includes widening the undergraduate offering by introducing excellence new majors, offering new masters programs, securing accreditation for the remaining programs, and d
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