Boubyan Petrochemical Co. (k.s.c.) · KSE:BPCC
Boubyan Petrochemical Co. (k.s.c.) — Boubyan Petrochemical Company — 2Q20/21 Earnings Presentation
8 slides from Boubyan Petrochemical Co. (k.s.c.)'s earnings presentation, December 2020
Slide 1: Boubyan Petrochemical Company Investor Update – October 31st, 2020 results
Boubyan Petrochemical Company Investor Update – October 31 st , 2020 results
Slide 2: Boubyan Petrochemical Company – 2Q20/21 results
Boubyan Petrochemical Company – 2Q20/21 results • During 2Q20/21, Boubyan’s investments witnessed a gradual recovery from the economic downturn Business that resulted from the pandemic during the previous quarter. Highlights • Boubyan received the outstanding amount of Equate Group’s dividend – resu
Slide 3: Core Investments Updates
Core Investments Updates • In 4Q19/20, EDU reported a net income of KWD1.5mn, compared to KWD1.7 in FY2019 • The slight decline in net income during the quarter was due to the Ministry of Education’s decision to reduce school tuition fees for the 2nd half of the school calendar due to the ongoing pa
Slide 4: Core Investments Updates
Core Investments Updates • Al Borg maintained its strong growth this quarter, as it reported a net income of SAR55.5mn in 3Q20, up 2.5x from SAR22.0mn in 3Q19. The main reasons for the surge in profits are increased revenues in KSA and UAE from COVID-19 testing. • Al Borg continued to improve its re
Slide 5: Boubyan’s Investment Portfolio Reached KWD451mn as of 2Q20/21
Boubyan’s Investment Portfolio Reached KWD451mn as of 2Q20/21 Amounts in KWD, millions EQUATE Group Ownership Carrying Value EQUATE 9.0% 161.5 The Kuwait Olefins Company (TKOC) 9.0% 123.4 14.2% EQUATE Group Total 284.9 Core Investments Ownership Carrying Value 22.5% EDU 83.1% 30.3 Al Kout 54.2% 13.6
Slide 6: Boubyan achieved a net income of KWD2.6mn in 2Q20/21 compared to KWD1.1mn in 2Q19/20
Boubyan achieved a net income of KWD2.6mn in 2Q20/21 compared to KWD1.1mn in 2Q19/20 KWD, thousands EPS Contribution (fils) Income 2Q20/21 2Q19/20 2Q20/21 2Q19/20 Commentary Al Borg ML 696.3 424.1 1.38 0.82 Al Kout 551.4 773.1 1.09 1.49 • During FY2019/20, Boubyan recognized a loss allowance of Nafa
Slide 7: Core Investment Income Shrank to KWD2.35m in 1Q20/21
Core Investment Income Shrank to KWD2.35m in 1Q20/21 Amounts in KWD, thousands 272.2 (221.7) (121.3) (328.1) 13.2 (192.0) (50.9) 3,624.0 2,995.4 2Q19/20 Core Al Borg ML Al Kout Nafais Muna Noor EDU Eyas Awazel 2Q20/21 Core Investment Group Investment Income Income 7
Slide 8: Q&A Thank you
Q &A Th a n k yo u
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