Boursa Kuwait Securities Company (k.p.s.c) · KSE:BOURSA
Boursa Kuwait Securities Company (k.p.s.c) — National Investments Company — National Investments Company Analyst Conference YE 2021
22 slides from Boursa Kuwait Securities Company (k.p.s.c)'s conference presentation, Apr 6, 2022
Slide 1: Disclosure cover letter to Boursa Kuwait
EIETET SL see QA WN 06/04/2022 Ababall & yl NIC - 3-25/104/7942 Abst pbs \S I UlbLe*muoXI aX) NATIONAL INVESTMENTS COMPANY$ Date: 9 § APR 2022 To: Boursa Kuwait Company Dear Sirs, Subject: Analysts/ Investors Conference For the Year ended 31 December 2021 With reference to the above subject, and in
Slide 2: Disclosure of Material Information Form
Ay ya gall Cilaglaall ye Clad Gh gai Disclosure of Material Information Form 0.6 APR 2022 Ha pant As yl aul (Eau) Sy gh I LEY AS National Investments Company (NIC) has held the Analysts/ Investors Conference for the financial year ended 31 December 2021, where it was held via (Live Webcast) at 2:00
Slide 3: National Investments Company Analyst Conference YE 2021
National Investments Company Analyst Conference YE 2021 1
Slide 4: Disclaimer
Disclaimer ❖ This presentation has been prepared and issued by National Investments Company (“NIC”), a Public Kuwaiti Shareholding Company based on internally developed data and analysis. ❖ The information provided in this presentation and the subsequent discussions does not represent an offer to bu
Slide 5: Presented By
Presented By Mr. Almuthana M. Al Maktoum Mr. Girish S. Nair Mr. Bashar Khan Executive Vice President Chief Financial Officer Senior Vice President Wealth Management Sector Finance & Accounts Sector Investment Banking Sector 3
Slide 6: Agenda
Agenda Content Page FINANCIAL HIGHLIGHTS 5 OUR STRATEGY FOR THE FUTURE 13 Q&A 17 APPENDIX 18 4
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS 5
Slide 8: YE 2021 Key Financial Highlights
YE 2021 Key Financial Highlights ❖ Strong recovery during 2021. ❖ Net profit of KWD 24.4 million during 2021 as compared to a net loss of KWD 2.7 million during 2020. Key Financial Metrics YE 2020 YE 2021 Income statement Net profit (loss) - million -KWD 2.7 KWD 24.4 Earnings (loss) per share -3 fil
Slide 9: YE 2021 Financial Performance
YE 2021 Financial Performance ❖ Trajectory of NIC’s quarterly performance since Dec 2020. Net Profit (Loss) Total Comprehensive Income (Loss) (KWD Million) (KWD Million) 25 20.30 20 12 11.27 16.05 10 15 8 7.30 10 6 6.94 6.74 3.79 4 5 2.04 2 1.09 - - YE 2020 3M Q1 21 3M Q2 21 3M Q3 21 3M Q4 21 (2) (2
Slide 10: YE 2021 Earnings and Dividend
YE 2021 Earnings and Dividend ❖ Earnings Per Share of 31 fils per share. Board is recommending a cash dividend of 45 fils per share. ❖ Strong and consistent history of dividend payouts for past years, ranging from 5 fils per share for 2016 to 45 fils per share proposed for 2021. ❖ Dividend yield fro
Slide 11: YE 2021 Income Drivers and Expenses
YE 2021 Income Drivers and Expenses Income of KWD 39.8 Million and Expenses of KWD 11.1 Million. ❖ Gain on financial assets at fair value through profit or loss (FVTPL), dividend income and fee income contributed 58%, 12% and 23% respectively to the total income. ❖ Total expenses of KWD 11.1 million
Slide 12: YE 2021 Fee Income Analysis
YE 2021 Fee Income Analysis ❖ 47.5% increase in total fee income. ❖ Growth across main categories: • Brokerage revenue from Al Waseet Financial Business K.S.C.C. • Management fees (from funds and portfolios) rose by 75.7%. % Contribution to Total Fee Income 53% 44% 43% Breakdown of fee income YE 202
Slide 13: YE 2021 Profile of Assets
YE 2021 Profile of Assets ❖ Total assets witnessed a YTD growth of 31.2% during 2021 mainly on account of increased valuation of FVTPL and financial assets at fair value through other comprehensive income (FVOCI). ❖ Assets Under Management grew by 8.3% during 2021. Total Assets (KWD Million) Assets
Slide 14: Sectors
Sectors Investment Banking MENA Securities Real Estate Advisory Alternatives ❖ Capitalized on investment ❖ Completed a financing mandate for ❖ Successfully executed three ❖ Continue to increase the collection opportunities, by tactically shifting our a leading fitness and lifestyle mezzanine investm
Slide 15: Our Strategy for the Future
OUR STRATEGY FOR THE FUTURE 13
Slide 16: Key Elements of our Growth Strategy
Key Elements of our Growth Strategy Key Element Build AUM ❖ Drive product development: The objective is to add AUM going forward. Key product areas include Venture Capital (VC) and International Real Estate products. ❖ Build strong placement team: Add highly capable private bankers to support Asset
Slide 17: Case Studies: Co-investments
Case Studies: Co-investments Case Study Boursa Kuwait VINCO FedEx Kitzingen Kuwait Foundry Italy Germany Kitzingen Investment Thesis Acquisition of a Acquisition of a Acquisition of a property Mezzanine investment Bridge Investment in an strategically important mispriced asset with tenanted by Tesco
Slide 18: Case Studies: Advisory Assignments
Case Studies: Advisory Assignments Advisory Case Study: Placement and Listing Advisory Case Study: M&A Al Safat Investment (October 2021) Al Faysal Bakery (January 2021) Project description: NIC delivered a successful transaction for all Project description: NIC delivered a successful transaction fo
Slide 19: Thank You Q&A
THANK YOU Q&A 1821112 | (©) +965 22266676 | (& +965 2226 6666 Ghickuwait © nic_kuwait @nic.kuwait National Investments Company (NIC) Qia4Il & 020-7 debs -jlLioIl bs lb - Bub Sharq — Jaber Al Mubarak Street - Block 7 — Al khaleejiya Tower www.nic.com.kw 17
Slide 20: Appendix 1: YE 2021 Consolidated Income Statement
Appendix 1: YE 2021 Consolidated Income Statement 2021 2020 Change KWD'000 KWD'000 % INCOME Realised gain (loss) on financial assets at FVTPL 3,905 (1,725) 326% Unrealised gain (loss) on financial assets at FVTPL 19,093 (1,570) 1316% Change in fair value of investment properties (365) (2,321) 84% Ga
Slide 21: Appendix 2: YE 2021 Consolidated Comprehensive Income
Appendix 2: YE 2021 Consolidated Comprehensive Income 2021 2020 Attributable to Total Attributable Total NCI NCI Parent Co. Consolidated to Parent Co. Consolidated KWD’000 KWD’000 KWD’000 KWD’000 KWD’000 KWD’000 Profit (loss) for the year 24,390 2,878 27,268 (2,658) 420 (2,238) Other comprehensive i
Slide 22: Appendix 3: YE 2021 Consolidated Financial Position
Appendix 3: YE 2021 Consolidated Financial Position 2021 2020 Change KWD’000 KWD’000 % ASSETS Bank balances and cash 39,365 13,569 190% Financial assets at FVTPL 111,209 89,238 25% Trading properties 284 284 0% Financial assets at FVOCI 82,048 58,478 40% Investment in associates and joint ventures 2
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