Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — Non-Deal Roadshow (May 2021)
31 slides from Shuaa Capital (p.s.c)'s roadshow presentation, May 2021
Slide 1: A Leading Regional Asset Management and Investment Banking Platform
A Leading Regional Asset Management and Investment Banking Platform May 2021 © 2021 SHUAA Capital psc. All rights reserved
Slide 2: A leading, unique and diversified platform in the region
_. Aleading, unique and diversified platform in the region = A leading asset management and investment banking platform in the region by total assets under management! m 13.9 ist USDbn AUM = A diversified platform with expertise across public and private markets, real estate, debt, investment bankin
Slide 3: SHUAA operates across three core segments
__ SHUAA has expertise and operates across three core segments Asset Manageme Investment Banking Investments in publicly listed securities through fund structures and client discretionary portfolios Fixed Income Equities DPM Portfolios Private equity investments in private companies and funds, with
Slide 4: ..with a wide geographic reach
__ ..with a wide geographic reach | lor] we > De a aa gas AS i) R EA “EP ssc Real Estate Asset NORTHACRE Management LONDON Real Estate Development United Kingdom | e e < NCM AMWAL | Jui Wes Kuwait e El SHUAA United Arab Emirates lon | Le El SHUAA Saudi Arabia! SHUAA Business Sub-Segments ) re | 18 |
Slide 5: Rapid and consistent growth and evolution in AUM
— Rapid and consistent growth and evolution in AUM $16,000 $14,000 $13,874 $14,090 $12,000 $12,068 $10,000 $8,000 USD ($m) $6,000 $4,000 $2,000 $97 S748 1,696 ee 2012 2013 2014 2015 2016 2017 2019 2020 GCC-Focused AIM Listed Fund SHUAA Investment a Principal yon“ Private pitality Chums! Ir n Portfol
Slide 6: Our Vision
Our Vision __ Our strategy and vision is underpinned by several key strategic principles... We create sustainable value for clients, employees and shareholders by engineering innovative investment solutions and differentiated product offerings for institutional clients and high net worth individuals
Slide 7: ..and the associated levers to achieving them
__ ..and the associated levers to achieving them Strengthen and Diversify products and services within core businesses grow core businesses Expand regional footprint! Grow fixed income platform Increase operational efficiency Grow asset management business Grow permanent capital vehicles Optimize ba
Slide 8: We had a swift and decisive response to COVID-19
—. We had a swift and decisive response to COVID-19 Strengthened Balance Sheet & Liquidity Position Recalibrated Strategy & Focus Business Continuity Plan Business Processes & Digital Transformation Issued the first high yield issuance in the MENA region since the onset of the COVID-19 - proceeds we
Slide 9: Update on strategy execution
__ Update on strategy execution I Strengthen and grow core businesses Hl Diversify products and services within core businesses [Scale the platform and operate more efficiently oe LT] Special Situations Bespoke and Restructuring Enterprise Fund Tailored Portfolios Advisory Resource Planning iy Real
Slide 10: Transforming SHUAA - Examples
_ Transforming SHUAA - Examples | Recruitment Ongoing recruitment drive across management, business and support functions to further strengthen SHUAA's intellectual capital 10+ new hires across management, front office and support functions with a further ~30 mandates for current openings as Anghami
Slide 11: Significant progress made towards targets despite challenges
_ Significant progress made towards targets despite challenges Integration Transformation FY2019 FY2020 Medium-term ambition Long-term ambition 5.2% 8.5% > 15% Return on Equity Return on Equity FA2% Return on Equity Return on Equity 87% 55% < 60% Cost Income Ratio! Cost Income Ratio! Cost Income Rat
Slide 12: Q1 2021 Financial Review
Q1 2021 Financial Review
Slide 13: Net Profit Performance
__ Net Profit Performance AEDm ao) Q1 2021 profit at AED25m, representing the 287m al fourth consecutive quarter of profit te = = Withstanding continued challenging environment = Sequential decline in profitability driven mainly by lower one-off contributions whilst recurring revenue base remains st
Slide 14: Revenue Performance
__ Revenue Performance AEDM 255 Operating income underpinned by solid fee & trading business * Positive impact from recurring management fees ne 30m = Includes a catch-up fee in Q1 2021 42% T related to a real estate development asset Other 102 Income = Slower advisory business in Q1 2021; 2 however
Slide 15: Expense Performance
__ Expense Performance AEDm 63 67 Other Expenses G&A 16 w 1 Staff Costs 30 oil Provisions Q220 Q3.20 CIR" 43% 101% Operating Margin 57% (1%) ter & Year-on-Year Expenses 114 21 16 49 Q4 20 45% 55% ae fl . : Q121 55% 44% YoY expenses increase mainly from other expenses due to FX gains seen in Q1 2020
Slide 16: Other Income Performance
__ Other Income Performance AEDm Finance Costs ns/Losses' 189 68 Q1 2021 other income at AED(6)m with 2 finance costs and associate income offsetting FV gains and other valuation 48 : 87 59 adjustments ss (46) (42) (39) (46) (38) mw = Mark-to-market gains of AED35m mainly (6) in managed funds (16) "
Slide 17: Segment Performance
_ Segment Performance Asset Management Investment Banking AEDm : AEDm 7.5 AEDm | 1 f | | ' ! 278 i ' ! | | | | M0 gg | ! f ' 30 ' i | 19 i H ' ' EBITDA 00 j = — 1 f i ' ! (0.3) i = (0.3) | | (0.9) (220) ' Q220 = 9420 Qi20 Qi Q220 Q320 Q420 | Q120. Iz Q220 Q320 Q420; Q120 QI21 | _— | ; | ' ' | | 1 |
Slide 18: Non-core asset reduction ahead of schedule
__ Non-core asset reduction ahead of schedule AEDm Non-Core Unit Evolution 66% 134m 403 NCU Net Assets Cash Proceeds 31st July2019 (Aug-Dec 2019) Cash Proceeds (FY 2020) Cash Proceeds (Jan-Mar 2021) Non-Cash Reductions (Aug 19-Mar 21) 138 to) NCU Net Assets ! NCU Target Date } 31st Mar 2021 | (Q2.20
Slide 19: Appendix
Appendix
Slide 20: Financial Statements
Financial Statements
Slide 21: Quarterly P&L (2020-2021)
— Quarterly P&L (2020-2021) ‘AED ‘000 FY Q121vsQ120 2020 Variance 18,646 Interest income 5563 3212 5677 4195 3755 (1807) Interest expense (785) (694) (2635) 348 (3,766) (ana) 627) Net interest income 4,778 2,518 3,042 4,542 14,880 2,643 (2,134) Fee and commission income 54383 54221 64,685, 58559 231
Slide 22: Balance Sheet Summary (2019-2021)
_. Balance Sheet Summary (2019-2021) AED ‘000 Assets Cash and deposits with banks Receivables and other debit balances Loans, advances and finance leases Inventories Financial assets at fair value Investments in associates Property and equipment Goodwill and other intangible assets Assets of disposa
Slide 23: Segmental Financials Q1 2021
— Segmental Financials Q1 2021 Net fee and commission income 57,331 10,819 2aan 3,986 20,254 1,709 96,885 Advisory income ° ° ° ° ° 4,053 ° ° 1,053, ° ° ° ° 4053 Net interest income ° ° ° ° ° ° ° ° ° ° 2,643, ° 2,643 2,643 Trading income ° ° ° ° ° ° 1245 75 4,320 ° ° ° ° 1320 Other operating income
Slide 24: Segmental Financials FY 2020
— Segmental Financials FY 2020 Private Asset Investment| Principal i FY 202 Net fee and commission income 86,569 21,549 4,011 4549 116,678 ‘3,513 1,878 ‘5,391 94,049 6,272 (3,280) 97,042 219,111 Advisory income ° ° 12548 636 13,184 14,647 1,325 15,972 ° 384 ° 384 29,541 —— [anae Uke Uc | Cl Trading
Slide 25: Segmental Financials Q1 2020
— Segmental Financials Q1 2020 Investment| Princ AED 1 202 bere rrkets 7S Se Eonking) i ~ — i ae Net fee and commission income 20,568 3,463 25,289 22,552 ara 23,753 49,205 Advisory income ° ° 12,548 88 12,636 870 4,325 2,196 ° 384 ° 384 15,216 Net interest income ° 46 ° ° 6 ° ° ° 758 3974 ° 4,732 47
Slide 26: Board of Directors and Management Team
Board of Directors and Management Team
Slide 27: Steered by a strong and diversified Board of Directors
__ Steered by a strong and diversified Board of Directors Fadhel Alali- Chairman y }| * Fadhel Alaliis currently Deputy CEO and Group Chief Operating Officer of First Abu Dhabi Bank (FAB). Prior to joining FAB in 2017, Mr. Alali was the CEO of Dubai Holding, a global group with assets of USD 35 bill
Slide 28: ..and led by an experienced executive and senior management team
__ ..and led by an experienced executive and senior management team 30+ years of including COO at Credit Suisse for MEA and COO at Bank Audi in Saudi Arabia Bechara holds an MBA from INSEAD. ofessional experience, Bachir Nawar Chief Legal & Compliance Officer 18+ years of experience witha » speciali
Slide 29: 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 ORIN PART, TO ANY OTHER PERSON IN ANY JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO WOULD BE UNLAWFUL. By
Slide 30: 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
Slide 31: SHUAA Capital psc
SHUAA a 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