Kuwait Financial Centre Kpsc · KSE:MARKAZ
Kuwait Financial Centre Kpsc — 9M 2019 Earnings Presentation
21 slides from Kuwait Financial Centre Kpsc's earnings presentation, 2019
Slide 1: Asset Management | Investment Banking
Asset Management | Investment Banking
Slide 2: Agenda
9M 2019 Performance Highlights ……………..…….… 3 Markaz Overview ……….……...………...................… 6 Business and Financial Highlights……..……..….….… 9 Shareholders Information …………………………..… 19 2
Slide 3: Profit and Loss Highlights / Balance Sheet Highlights
Profit and Loss Highlights Balance Sheet Highlights KD 14.07 mn Growth: (6.9%) Total AUM Total Revenue KD 1.10 billion - Growth: 3% y-o-y KD 8.18 mn KD 6 mn Growth: 0.2% Growth: (13.6%) Net Debt / Total Equity of 0.51x Return on Principal Investments Management Fees & Commission KD 5.54 mn Growth: 7
Slide 4: Management commentary on 9M 2019 performance
“For the period ended September 2019, Markaz registered a strong With these challenging market conditions in mind, performance of our performance with a light decline due to the markets volatility during August funds were impacted but generally in line with benchmark indices. Markaz and September, w
Slide 5: Market commentary: real estate and GCC markets
International commercial real estate registered another quarter of growth Global markets remained positive after the Federal Reserve rate cuts and with property prices increasing by 0.5% (CPPI) and the NAREIT index by US China trade war showed early signs of stabilizing. However, GCC 6.1%. The reduc
Slide 6: Markaz Overview
Leading market position Sustainable long-term Building a sustainable Our Team, the cornerstone shareholder returns economy in Kuwait of our success As one of the region’s Generates sustainable Endeavors to actively A team of 195 employees leading asset management long-term returns driven participate
Slide 7: Business lines and offices
Germany US Poland Turkey Kuwait Qatar Bahrain Oman KSA India UAE Egypt Lebanon Jordan Equity Fixed Income MENA Real Estate Investments International Real Estate Investment Banking Advisory Offices 7
Slide 8: Awards
Kuwait Asset Manager Best Investment Bank in Best Equity Fund in Kuwait Most Innovative Financial of the Year Kuwait “Midaf” Institution in the Middle East By: Global Investor By: Global Finance By: MENA Fund Manager Awards By: EMEA Finance Best Investment Bank Most Innovative Best Islamic Fund Rese
Slide 9: Asset Management and Real Estate Investments
Asset Management Real Estate Investments GCC Equity Funds, Fixed Income Fund, Others Middle East and North Africa, International Total AUM of KD 776.2 million Total AUM of KD 369.2 million MENA Real Estate – AUM of KD 315.7 million Asset management continues to implement Markaz’s long term bottom
Slide 10: Investment Banking and Research
Investment Banking Research M&A, Advisory, Equity & Debt Capital Markets, IPOs and restructuring Mena focused Research, Consulting Services Total transaction value executed up to September 2019 of over KD 1.3 Markaz” launched a special publication titled “Souq Al-Manakh and billion across the GC
Slide 11: 9M 2019 Revenues and EBIT
9M 2019 Revenues growth on y-o-y basis 9M 2019 EBIT (KD 000’s) Management Fees & Commissions have declined by 14% There was a significant decline of 24.8% in EBIT on compared to 9M 2018, however, it has contributed 43 % of Total y-o-y basis The EBIT margin at the end of the third Revenue quarter
Slide 12: LTM Return on Equity and Dividend per Share
LTM Return on Equity1 Dividend per Share and Payout Return on Equity of 1.7% on LTM basis decreased by 41% Consistent dividend payouts with an incremental 22.2% increase comparing with 9M 2018 in 2018 payout ratio over last year 100.0% 4.8% 83.3% 77.8% 75.0% 75.0% 4.4% 7.0 6.0 6.0 2.9% 5.0 5.0 2
Slide 13: 9M 2019 Income Analysis
Q3 (Three Months) Y-o-Y 9M (Nine Months) Y-o-Y (KWD 000's) Growth Growth 9M 2019 Income Analysis 2019 2018 2019 2018 (%) (%) Management Fees and Commission 2,002 2,680 (25%) 6,002 6,944 (14%) Interest Income 169 235 (28%) 476 517 (8%) Dividend Income 275 450 (39)% 1,158 1,138 2% (Loss) / Gain from I
Slide 14: Balance sheet and Assets Under Management
(KWD 000's) Sep Jun Mar Dec 2019 2019 2019 2018 ASSETS Cash and Bank balances 7,632 7,319 7,466 4,691 Time Deposits 1,982 1,387 1,662 2,565 Investments at fair value through profit or loss 105,045 108,304 97,541 92,674 Debt instruments at fair value through profit or Asset Under Management loss 422
Slide 15: Management Fees & Commission
Management Fees & Commission (KD 000’s) (25.3)% 2,463 1,986 1,911 2,089 2,002 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Asset Management Fees1 (KD 000’s) Investment Banking Fees (KD 000’s) 8.4% (85)% 2,055 964 1,909 1,861 1,766 1,716 145 180 141 (69) Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q3 2018 Q4
Slide 16: Asset Management Fees and AUM
Asset Management Fees1 (KD 000’s) AUM (KD million) 2,055 1,157 1,909 1,861 1,112 1,093 1,095 1,766 1,716 1,064 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Annualized Management Fees (%) 0.69% 0.68% 0.66% 0.61% 0.57% Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 1. Asset
Slide 17: Investment Assets and Income Returns
Income Returns (KD 000’s) Investment Assets1 (KD million) 181 179 5,357 3,680 3,114 169 159 161 (292) (1,738) Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Annualized Income Returns (%) 13.00% 9.51% 7.12% -0.65% -4.35% Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 1. Inve
Slide 18: LTM Return on Assets and Debt
LTM Return on Assets1 (%) Sep (KD 000's) Jun 2019 Mar 2019 Dec 2018 2019 Due to financial institutions - 996 - - 2.3% 2.4% Term Loans 43,104 41,246 25,708 22,565 1.6% 1.3% Bonds Issued 25,000 25,000 25,000 25,000 0.8% Total Debt 68,104 67,242 50,708 47,565 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Cas
Slide 19: Corporate Information
Major Shareholders Corporate Information Main Market – Boursa Kuwait Major Shareholders Type % Holding Market Segment Listing (Sec Code: 213) Kuwait Pillars for Financial 2018 Dividends Cash Dividend – 5% Direct 28.72% Investment KD 25,000,000 unsecured debenture Bonds Issued Gulf Bank Direct 5.47%
Slide 20: Disclaimer
This document has been prepared by Churchgate Partners for Kuwait Financial Centre K.P.S.C. (“Markaz”) investors, solely for informational purposes. This presentation may contain statements that are not historical facts, referred to as “forward looking statements” .The information contained herein h
Slide 21: Kuwait Financial Centre K.P.S.C. Markaz contact details
Kuwait Financial Centre K.P.S.C. "Markaz" P.O. Box 23444, Safat 13095 State of Kuwait Tel: +965 2224 8000 Fax: +965 2242 5828 Email: info@markaz.com www.markaz.com
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