Al Imtiaz Investment Group K.S.C.C · KSE:ALIMTIAZ

Al Imtiaz Investment Group K.S.C.C — Al Imtiaz Investment Group — Q1 2021 Earnings Presentation

72 slides from Al Imtiaz Investment Group K.S.C.C's earnings presentation, May 3, 2021

  1. Slide 1: Analysts' Conference Meeting Transcript cover letter to Boursa Kuwait

    Date: 03/05/2021 Ref: 092/KSE/RCAD/2021 Boursa Kuwait Company Kuwait Subject: Analysts’ Conference Meeting Transcript for the First Quarter of the year 2021 As per the requirements stipulated in article No. 7-8 (Listed Company Obligations) of Boursa Kuwait Rule Book – Version two – and since Al-Imti

  2. Slide 2: Q1 2021 Earnings Call Transcript

    Al Imtiaz Investment Group Company Q1 Wednesday, 28 April 2021 1:30 PM - Kuwait Local Time 2021 Earnings Call and Webcast Mohamad Haidar Hello, everyone, and welcome to Al Imtiaz Group first quarter 2021 earnings call and webcast. This is hosted by Arqaam Securities. This Mohamad Haidar from Arqaam

  3. Slide 3: Earnings Call Transcript (continued)

    Mohamed El Assal (Presenting Slide 4) Thank you, Nawaf. Here, we can see the profits from operating activities improved to KD 8 million in Q1 2021, recovering from a loss of KD 11.3 million in the same period of 2020. Similarly, net profit from operating activities increased to KD 0.4 million in Q1

  4. Slide 4: Earnings Call Transcript (continued)

    the portfolio as we closed it in Q1. (Presenting Slide 9) When we look at some of the strategic focus that we have and growth in terms of our investments, there are several things that we’d like to highlight. But before that, I’d also like to give you a brief on our COVID-19 response. Since the begi

  5. Slide 5: Earnings Call Transcript (continued)

    service offerings, geographic expansion and acquisitions. We view it as a long- term holding and it is a strategic entity in the portfolio. The financial objective for this entity is to continue to grow and improve the dividend payouts. Ultimately, we plan to monetize either through a partial listin

  6. Slide 6: Earnings Call Transcript (continued)

    estate segment. So, we are hopeful that things will improve towards the second half of the year as well. Having said that, we have indicated, in our presentation, that there was still an impairment and provision that we’ve had to take on those sectors. However, we can see that the other sectors have

  7. Slide 7: Earnings Call Transcript (continued)

    University. Needless to say, if you’re well aware of the MENA region, the Jordanian market is a tough one and there are certain challenges, as far as the macro environment in Jordan is concerned. However, given the current performance of the company, we have upgraded the personnel and management, as

  8. Slide 8: Earnings Call Transcript (continued)

    believe that we’re going to see a good performance as far as the growth of Majd, compared to the last year. We are currently also working on plans to expand the existing facilities going forward. Nawaf Marafi (Presenting Slide 15) The next one is Hot Engineering and Construction Company. We actually

  9. Slide 9: Earnings Call Transcript (continued)

    pandemic. However, we also see that this provides an opportunity as we start to shape with the changing dynamics. We are starting to see an inflow of deals that we’re looking at. During Q1, we screened several opportunities within the MENA region, mainly in Kuwait, the Kingdom of Saudi Arabia, and U

  10. Slide 10: Earnings Call Transcript (continued)

    of which are women. From our environmental achievements, we’d like to highlight a couple of the achievements we’ve had in the past period. We continue to participate in the recycling of electronic waste to preserve the environment. We’ve adopted a new energy savings lighting system at the corporate

  11. Slide 11: Earnings Call Q&A

    Mohamad Haidar Thank you. We also have a question, how should we think about Al Imtiaz’s growth going forwards? Nawaf Marafi As explained, Al Imtiaz grows through new investments that we make, as well as through its portfolio companies, which we continue to support and drive their growth, until they

  12. Slide 12: Earnings Call Q&A

    operating environment perspective? How do you expect these two assets to grow, going forward, and how are you coping with competition? I’ll answer the IT segment and Fahad, you can help me to answer the pharma segment. On the IT side, as stated, we’ve been investing in developing our cloud and cyber

  13. Slide 13: Earnings Call Q&A and Close

    financials. Mohamad Haidar Thank you. Understood. I have a question. Can you please comment on COFE District? Do you have any comments on that. Nawaf Marafi Mohamad, we said that this is a transaction that occurred in Q2, and we’ll have more to say about that in the next quarter presentation. We are

  14. Slide 14: Passion for Excellence, Driving Growth

    PASSION FOR EXCELLENCE DRIVING GROWTH Earnings Presentation Q1 2021 www.alimtiaz.com

  15. Slide 15: Disclaimer

    Disclaimer This document has been prepared and issued by Al Imtiaz Investment Group Company, K.S.C. (“AIIG”), a public company listed on Boursa Kuwait, which is regulated by Kuwait Capital Markets Authority, Central Bank of Kuwait, and Kuwait Ministry of Commerce and Industry. The purpose of this do

  16. Slide 16: Q1 2021 Key Financial Highlights

    Q1 2021 Key Financial Highlights Al Imtiaz operating portfolio companies continues to deliver strong recovery on q-o-q basis. Net Profit increased to KD 1.5 mn in Q1 2021 compared to a loss of KD 16.9 mn in Q1 2020 on lower revaluation losses on Real Estate and Financial Investments as well as lower

  17. Slide 17: Q1 2021 Financial Performance

    Q1 2021 Financial Performance Profit from Operating Activities Net Profit from Operating Activities 8.5 8.0 6.3 0.4 1.7 (12.9) (14.6) (11.3) (19.5) (19.1) Q1 2020 6M 2020 9M 2020 2020 Q1 2021 Q1 2020 6M 2020 9M 2020 2020 Q1 2021 EBITDA Net Profit 3.0 1.5 (11.5) (13.2) (14.0) (16.9) (16.9) (16.5) (18

  18. Slide 18: Q1 2021 Revenue Key Drivers

    Q1 2021 Revenue Key Drivers Q1 2021 Profit from Operating Activities – KD 8.0 mn Performance Discussion • Covid-19 has had a significant impact on the economy and on the business especially during the first half of 2020. The gradual recovery started in the second half of 2020 with the upliftment of

  19. Slide 19: Expenses from Operating Activities

    Expenses from Operating Activities Operating Expenses declined from KD 8.2 mn in Q1 2020 to KD 7.6 mn in Q1 2021 mainly on cost rationalization in the IT & Technology Services segment Operating Expenses Q1 2020 KD 8.2 mn Operating Expenses Q1 2021 KD 7.6 mn 7% 43% 20% 13% 9% 7% 1% 100% 11% 28% 26% 1

  20. Slide 20: Q1 2021 EBITDA

    Q1 2021 EBITDA Q1 2021 EBITDA – KD 3.0 mn F&B Processing Gain / (Loss) from Financial Services Energy and IT & Technology AIIG Real Estate Associates Parent & Others Q1 2021 EBITDA Pharmaceuticals Education and Packaging Listed Securities (Real Estate) Construction Services Properties Investment Q1

  21. Slide 21: Q1 2021 Asset Allocation

    Q1 2021 Asset Allocation Balanced Portfolio with Sectorial Diversification Portfolio NAV as on Mar-20 Portfolio NAV as on Mar-21 IT & Technology Services IT & Technology Services Financial Services (Real Estate) Financial Services (Real Estate) 5% 4% 7% 16% 7% AIIG Real Estate Properties 19% AIIG Re

  22. Slide 22: Strategic Direction

    Strategic Direction Strategic Focus on Growth and Investment Exits Covid-19 Response Expand/Develop Assets Optimize Assets • Initial response due to COVID-19 focused on cash Invest in core portfolio operating Continue to optimize preservation and minimizing impact on operations. assets to fund their

  23. Slide 23: Key Operating Portfolio Companies: Integrated Technology Holding

    Key Operating Portfolio Companies Integrated Technology Holding Key Business Updates Q1 2021 Q1 2021 Brief Regional IT and Technology Services Company Description KD 2.8 mn KD 653 K KD 44 Mn | 19% Profit from Operating NAV and EBITDA Ownership/Control 100% Activities Ex. Provisions Contribution Repo

  24. Slide 24: Key Operating Portfolio Companies: Dimah Capital Investment

    Key Operating Portfolio Companies Dimah Capital Investment Key Business Updates Q1 2021 Q1 2021 International real estate investment management company Brief focused on higher yielding, cash generating real estate Description assets KD 865 K KD (954) K KD 32 mn | 14% Profit from Operating NAV and EB

  25. Slide 25: Key Operating Portfolio Companies: Al Ritaj Holding

    Key Operating Portfolio Companies Al Ritaj Holding (RHC) Key Business Updates Q1 2021 Q1 2021 Manufactures branded generic pharmaceuticals in Egypt Brief (through Pharo and Delta Pharmaceutical) with an Description international distribution network. KD 3.6 mn KD 1.6 mn KD 24 mn | 10% Profit from Op

  26. Slide 26: Key Operating Portfolio Companies: Amman Arab University

    Key Operating Portfolio Companies Amman Arab University Key Business Updates Q1 2021 Q1 2021 Brief Private multidisciplinary university that offers specialized Description undergraduate and postgraduate courses KD 835 K KD 64 K KD 9 mn | 4% Profit from Operating NAV and EBITDA Ownership/Control 98.6

  27. Slide 27: Key Operating Portfolio Companies: Majd Food Company

    Key Operating Portfolio Companies Majd Food Company Key Business Updates Q1 2021 Q1 2021 Brief Food and beverage processing and packaging company Description KD 597 K KD (220) K KD 7 mn | 3% Profit from Operating EBITDA NAV and Ownership/Control 61% Activities Ex. Provisions Contribution Reported As

  28. Slide 28: Key Operating Portfolio Companies: HOTECC

    Key Operating Portfolio Companies House of Trade Engineering and Construction Company (HOTECC) Key Business Updates • AIIG divested its ownership of HOTECC to an associate during Q1 2021 for an amount of KD 15.8 mn. Engineering, construction and maintenance contracting Brief company that caters to o

  29. Slide 29: Key Operating Portfolio Companies: Triple E Holding

    Key Operating Portfolio Companies Triple E Holding Key Business Updates Q1 2021 Q1 2021 Engineering, construction and maintenance contracting Brief company that caters to oil & gas, infrastructure and Description construction industries KD 149 K KD 149 K KD 16 mn | 7% Profit from Operating NAV and E

  30. Slide 30: Key Operating Portfolio Companies: Al-Imtiaz International Real Estate

    Key Operating Portfolio Companies Al-Imtiaz International Real Estate Company Key Business Updates Q1 2021 Mar-2021 Real estate investment and facility management company. Brief Primarily owns 29 floors of the Al-Dhow Tower Description (Imtiaz Head Office). KD 329 K KD 293 K KD 27 mn | 12% Profit fr

  31. Slide 31: Corporate Development Activities

    Corporate Development Activities Synopsis Key Business Updates • The Covid-19 pandemic has been challenging to various sectors and AIIG has been closely monitoring its target sectors to capture value and diversify its Brief Al Imtiaz aims to grow through investments and delivering portfolio. Descrip

  32. Slide 32: Financial Investments Activities

    Financial Investments Activities Synopsis Key Business Updates Brief Al Imtiaz financial investment activities are focused on • Acquired 3.3% stake in a MedTech company based in Switzerland and with providing liquidity and returns from short-medium term operations in the US. Description investments

  33. Slide 33: Valuation Metrics

    Valuation Metrics Al Imtiaz is trading at a significant Parent OpEx well contained at only 5% of discount1 to its BV and NAV and at a Market Cap and 2% of Total Assets in wider discount to its 5-year average 2020 -10% 5.3% 5.0% -29% -39% CMP (fils) 158 -48% % of Total Assets Discount to BV % % of Ma

  34. Slide 34: Key Sustainability Achievements

    Key Sustainability Achievements Al Imtiaz is committed to aligning its values and business strategy with social and economic needs by 1 including the responsible and ethical business practices in the implementation of the company’s Company activities. Overview • Al-Imtiaz and its Subsidiaries have 2

  35. Slide 35: Profit and Loss

    Profit and Loss Segment Reporting Income Statement Quarter End Quarter End (KD mn) Mar-21 Mar-20 (KD mn) Mar-21 Mar-20 IT & Technology Services 2.8 1.0 Gross Profit from Subsidiaries 8.4 6.3 Financial Services (Real Estate) (0.1) (11.7) Net investment loss (0.1) (10.7) Energy and Construction 0.1 0.

  36. Slide 36: Balance Sheet

    Balance Sheet Balance Sheet Capital Structure (KD mn) Mar-21 Dec-20 Mar-20 (KD mn) Dec-20 Mar-20 Mar-21 Cash and Cash Equivalents and Term 24.8 23.3 26.6 Deposits Financial Assets at Fair Value through Short Term Debt 40.5 32.8 21.2 36.7 41.0 35.5 Profit or Loss Accounts Receivable 43.2 79.8 75.6 26

  37. Slide 37: Investor Relations

    AL IMTIAZ INVESTMENT GROUP K.S.C. (PUBLIC) Al Dhow Tower, Khaled Bin Al Waleed St., Sharq P.O.Box: 29050, Safat, 13151, Kuwait Website: www.alimtiaz.com Investor Relations AL IMTIAZ INVESTMENT GROUP K.S.C. (PUBLIC) IR@alimtiaz.com +965 182 2282 www.alimtiaz.com

  38. Slide 38: Arabic cover letter to Boursa Kuwait

    ‫اﻟﺗﺎرﯾﺦ‪2021/05/03 :‬‬ ‫اﻟﻣرﺟﻊ‪2021/RCAD/KSE/092 :‬‬ ‫اﻟﻣﺣﺗرﻣﯾن‪،،،‬‬ ‫اﻟﺳﺎدة‪ /‬ﺷرﻛﺔ ﺑورﺻﺔ اﻟﻛوﯾت‬ ‫دوﻟﺔ اﻟﻛوﯾت‬ ‫اﻟﺳﻼم ﻋﻠﯾﻛم ورﺣﻣﮫ ﷲ وﺑرﻛﺎﺗﮫ ‪،،،‬‬ ‫اﻟﻣوﺿوع ‪ :‬ﻣﺣﺿر ﻣؤﺗﻣر اﻟﻣﺣﻠﻠﯾن ﻟﻠرﺑﻊ اﻷول ﻣن اﻟﻌﺎم ‪2021‬‬ ‫ﻋﻣـــ ـﻼَ ﺑﺎﻷﺣﻛـــــﺎم اﻟـــــواردة ﻓـــــﻲ اﻟﻣـــــﺎدة رﻗـــــم )‪" (8-7‬اﻟﺗزاﻣـــــﺎت

  39. Slide 39: Arabic Earnings Call Transcript, Page 1

    ‫اﻟﻤكﺎﻟﻤﺔ اﻟﻬﺎﺗﻔ�ﺔ واﻟﻌﺮض اﻟﺘﻘﺪ�� ﻋ� ت‬ ‫اﻹﻧ�ﻧﺖ ﻟﻠﻨﺘﺎﺋﺞ اﻟﻤﺎﻟ�ﺔ‬ ‫اﻷرﺑﻌﺎء‪ 28 ،‬أﺑرﯾل ‪2021‬‬ ‫ي ب‬ ‫اﻟﺳﺎﻋﺔ ‪ 1:30‬ظﮭرا – ﺗوﻗﯾت دوﻟﺔ اﻟﻛوﯾت‬ ‫ﻟ ش�ﻛﺔ ﻣﺠﻤﻮﻋﺔ اﻻﻣﺘ�ﺎز اﻻﺳتﺜﻤﺎر�ﺔ ﻋﻦ اﻟ��ــﻊ اﻷول ﻣﻦ اﻟﻌﺎم ‪2021‬‬ ‫أﻫﻼ وﻣﺮﺣبﺎ بكﻢ ﺟﻤ�ﻌﺎ ف� اﻟﻤكﺎﻟﻤﺔ اﻟﻬﺎﺗﻔ�ﺔ واﻟﻌﺮض اﻟﺘﻘﺪ�� ﻋ� ت‬ ‫اﻹﻧ�ﻧﺖ ﻟﻠﻨﺘﺎﺋﺞ اﻟﻤﺎﻟ�ﺔ ﻟ ش�

  40. Slide 40: Arabic Earnings Call Transcript, Page 2

    ‫ﻛ��ي ف ي� اﻟ��ــﻊ اﻷول ﻣﻦ اﻟﻌﺎم ‪،2021‬‬ ‫ي‬ ‫واﻟ�اﺋﺐ واﻻﺳﺘﻬﻼك واﻹﻃﻔﺎء ﻟﺘﺼﻞ إ� ‪ 3‬ﻣﻠﻴﻮن دﻳﻨﺎر ت‬ ‫ﺗكﺎﻟ�ﻒ اﻟﺘﻤ��ﻞ ض‬ ‫ﻛ��ي ف اﻟ��ــﻊ اﻷول ﻣﻦ اﻟﻌﺎم ‪ .2020‬ﻓ�ﻤﺎ ارﺗﻔﻊ ف‬ ‫ﻟﻤﺴﺎﻫ�‬ ‫ي‬ ‫ﺻﺎ� اﻟ��ــﺢ‬ ‫ي‬ ‫ﻣﻘﺎرﻧﺔ بﺨﺴﺎﺋﺮ ﻗ�ﻤﺘﻬﺎ ‪ 18.8‬ﻣﻠﻴﻮن دﻳﻨﺎر ت ي ي�‬ ‫ﺼﺎ� ﺧﺴﺎﺋﺮ ﻗﺪرﻫﺎ ‪ 16.5‬ﻣﻠﻴﻮن دﻳﻨﺎر‬ ‫ف‬ ‫ﻟ�ﻛﺔ اﻷم

  41. Slide 41: Arabic Earnings Call Transcript, Page 3

    ‫اﻟﻘﺼ�‬ ‫ي‬ ‫ﻋ� ش�كﺎت ﻣﺤﻔﻈﺔ اﻻﺳتﺜﻤﺎرات؛ ﺛﻢ أﺟ��ﻨﺎ أ�ﻀﺎ ﺗﻘﻴ�ﻤﺎ ﻟﻸﺛﺮ ﻋ� اﻟﻤﺪى‬ ‫ﻣﻦ ﻣبﺎدرات ﺗﺮﺷ�ﺪ اﻟﺘكﻠﻔﺔ ب‬ ‫�‬ ‫واﻟﻤﺘﻮﺳﻂ‪ ،‬وذﻟﻚ ت‬ ‫ﺣى ﻧﺘﻤﻜﻦ ﻣﻦ اﻟﻤﻨﺎورة �ﺸكﻞ أﻓﻀﻞ ﻟﻤﻮاﺟﻬﺔ أ�ﺔ ﺻﻌ��ﺎت �ﺸﻐ�ﻠ�ﺔ ﻗﺪ ﺗنﺸﺄ ﻣﺴﺘﻘبﻼ‪.‬‬ ‫اﻻﺳ�اﺗ�ﺠ�ﺔ؛ وذﻟﻚ ﻣﻦ ﺣ�ﺚ ﺗﻜ��ﻦ اﻟﻤﺤﻔﻈﺔ‪ ،‬و�ﻋﺎدة ﺗﻘﻴ�ﻢ أﺻﻮﻟﻬﺎ‬ ‫ت‬ ‫وﻧﺤﻦ ُﻣﺴﺘﻤﺮون أ�ﻀﺎ ف ي�

  42. Slide 42: Arabic Earnings Call Transcript, Page 4

    ‫اﻷﺧ� ﻣﻦ اﻟﺴﻨﺔ‪.‬‬ ‫ي‬ ‫اﻟﻤﺤﺪدة ف ي� اﻟﻨﺼﻒ‬ ‫ُ‬ ‫ُ �‬ ‫ف‬ ‫ف‬ ‫� ش�ﻛﺔ د�ﻤﻪ كﺎﺑيﺘﺎل ﻟﻼﺳتﺜﻤﺎر‪ .‬وﺗﺮﻛﺰ ﻋ� اﻻﺳتﺜﻤﺎرات‬ ‫ش‬ ‫)اﻟﺼﻔﺤﺔ ‪ (11‬اﻟ�ﻛﺔ اﻟﺘﺎﻟ�ﺔ ي� ﻣﺤﻔﻈﺔ اﻻﺳتﺜﻤﺎرات ي‬ ‫ﻣﻌﺮ�‪:‬‬ ‫ي‬ ‫ﻧﻮاف‬ ‫ﻛ�ﻛﺔ ﺗﺎبﻌﺔ‪ .‬وﻟﺪﻳﻬﺎ ﺗﻮاﺟﺪ ﺟﻐﺮ فا� �ف‬ ‫اﻟ�ﻛﺔ‪ ،‬وﻗﺪ ﺗﻢ اﻹﻓﺼﺎح ﻋﻨﻬﺎ ش‬‫اﻟﻌﻘﺎر�ﺔ اﻟﺪوﻟ�ﺔ‪ .‬وﻧﻤﺘﻠﻚ ﺣﺎﻟ�ﺎ ‪

  43. Slide 43: Arabic Earnings Call Transcript, Page 5

    ‫اﻟي ﱠ‬‫ت‬ ‫ش‬ ‫يف‬ ‫�‬ ‫ﺗﻄﻮرت �ﺸكﻞ‬ ‫بﺎﻟﻤﻮﻇﻔن وﻧﻤﻮذج ﺣﻮكﻤﺔ اﻟ�كﺎت‪ .‬ﻟﺬا‪ ،‬ﻓﺈﻧﻨﺎ �ﺸﻌﺮ أن ﻫﺬە إﺣﺪى اﻷﺻﻮل ي‬ ‫أ�ﻀﺎ ﺗﻄ��ﺮ ﻳﺘﻌﻠﻖ‬ ‫ﺟ�ﺪ ﻟﻠﻐﺎ�ﺔ ﺧﻼل اﻟﺴﻨﺔ اﻟﻤﺎﺿ�ﺔ‪.‬‬ ‫ف‬ ‫اﻟﺘﺎ� ﻫﻮ ﺟﺎﻣﻌﺔ ﻋﻤﺎن اﻟﻌ���ﺔ؛ ﺣ�ﺚ ﻧﻤﺘﻠﻚ ‪ %98.6‬ﻣﻨﻬﺎ‪ .‬إﻧﻬﺎ ﺟﺎﻣﻌﺔ ﺧﺎﺻﺔ ُﻣﺘﻌﺪدة‬ ‫ي‬ ‫)اﻟﺼﻔﺤﺔ ‪ (13‬اﻷﺻﻞ‬ ‫ﻣﻌﺮ�‪:‬‬ ‫ي‬ ‫ﻧﻮاف‬ ‫و�ﻌﺪ ﻫ

  44. Slide 44: Arabic Earnings Call Transcript, Page 6

    ‫أ�� ﺳﻮق ف ي� اﻟﻤﻨﻄﻘﺔ‪.‬‬ ‫ت‬ ‫اﻟي ﺗﻌﺪ ب‬ ‫ف‬ ‫ﻛﺒ� ي� اﻟﻤﻤﻠ�ﺔ اﻟﻌ���ﺔ اﻟﺴﻌﻮد�ﺔ‪ ،‬و ي‬ ‫ﺣﺪ ي‬ ‫ض‬ ‫�‬ ‫اﻟﻤﺎ�‪ .‬و‬ ‫ي‬ ‫ﻟﺬﻟﻚ‪ ،‬ﻓﺈﻧﻨﺎ ﻧﺘﻮﻗﻊ أداء ﺟ�ﺪا‪ .‬إﻧﻨﺎ ﻧﺄﻣﻞ أﻧﻨﺎ ﺳﻮف �ﺸﻬﺪ أداء ﺟ�ﺪا ﻓ�ﻤﺎ ﻳﺘﻌﻠﻖ ﺑﻨﻤﻮ ﻣﺠﺪ‪ ،‬ﻣﻘﺎرﻧﺔ بﺎﻟﻌﺎم‬ ‫ﻧﺨﻄﻂ ﺣﺎﻟ�ﺎ ﻟﺘﻮﺳﻌﺔ اﻟﻤﺼﺎﻧﻊ اﻟﺤﺎﻟ�ﺔ‪.‬‬ ‫اﻟ�ﻛﺔ اﻟﺘﺎﻟ�ﺔ � ش�ﻛﺔ اﻟﺪار ﻟﻠﻬﻨﺪﺳﺔ

  45. Slide 45: Arabic Earnings Call Transcript, Page 7

    ‫ُ �‬ ‫�‬ ‫ﺗﻮﻓ� اﻟﺴﻴﻮﻟﺔ واﻟﻌﺎﺋﺪات ﻣﻦ اﻻﺳتﺜﻤﺎرات‬ ‫)اﻟﺼﻔﺤﺔ ‪ (19‬وﻓ�ﻤﺎ ﻳﺘﻌﻠﻖ بﺄ�ﺸﻄﺘﻨﺎ اﻻﺳتﺜﻤﺎر�ﺔ اﻟﻤﺎﻟ�ﺔ‪ ،‬ﻓﺈﻧﻨﺎ ﻧﺮﻛﺰ ﻋ� ي‬ ‫ﻛ� ﻫﻮ ﻋ� اﻷﺳﻬﻢ اﻟﻌﺎﻣﺔ‪،‬‬ ‫ﻗﺼ�ة إ� ﻣﺘﻮﺳﻄﺔ اﻷﺟﻞ ف� ﻓﺌﺎت أﺻﻮل ﻣﺘﻌﺪدة ﻋ� اﻟﺼﻌ�ﺪ اﻟﻌﺎﻟ�‪ .‬ﻟﺬا‪ ،‬ﻓﺈن ت‬ ‫اﻟ� ي �‬ ‫ي‬ ‫ي‬ ‫ي‬ ‫ف‬ ‫ف‬ ‫ﻛﺒ�‪ ،‬ﺳﻮاء كﺎن ذﻟﻚ اﻻﻧتﺸﺎر ي� ﻣﻨﻄﻘﺔ‬ ‫ا� ي

  46. Slide 46: Arabic Earnings Call Transcript, Page 8

    ‫اﻻﺣﺘ�ﺎل‪.‬‬ ‫)اﻟﺼﻔﺤﺔ ‪ 22‬و ‪ (23‬وﻣﻊ ﻧﻬﺎ�ﺔ اﻟﻌﺮض اﻟﺘﻘﺪ��‪ ،‬وﻗبﻞ أن ﻧﻔﺘﺢ اﻟبﺎب ت‬ ‫ﻟﺘﻠ� اﺳﺘﻔﺴﺎراﺗكﻢ‪ ،‬ﻟﺪﻳﻨﺎ ﻫﻨﺎ ﺻﻔﺤﺘﺎن‬ ‫ي‬ ‫ي‬ ‫ت ُ‬ ‫واﻟئ ﺗﻈﻬﺮ ﺗﻘﺎر�ﺮ اﻟﻘﻄﺎﻋﺎت‪ ،‬وﻛﺬﻟﻚ ﻗﺎﺋﻤﺔ اﻟﺪﺧﻞ‪ ،‬كﻤﺎ ﻫﻮ ﻣﻌﺮوض‪ ،‬بﺎﻹﺿﺎﻓﺔ إ�‬ ‫أﺧ�ﺗﺎن‪ ،‬وﻫﻤﺎ اﻷر�ﺎح واﻟﺨﺴﺎﺋﺮ‪ ،‬ي‬ ‫ي‬ ‫و�ﺟﻤﺎ� اﻟﺪﻳﻦ إ� ﺣﻘﻮق اﻟﻤﻠ��ﺔ‪ ،‬كﻤﺎ ﻫﻮ ﻣﻮ

  47. Slide 47: Arabic Earnings Call Q&A

    ‫ﻏ� ﻣﺘﺼﻞ‪ ،‬ﻟﺬا �ﺸﻜﺮك ﻋ� ﺳﻌﺔ ﺻﺪرك‪ ،‬ﺑيﻨﻤﺎ ﻧنﺘﻈﺮە ﻟ�ﻌ�ﺪ اﻻﺗﺼﺎل ﺑﻨﺎ‪.‬‬ ‫نﺴـ ـ ـ ـ ـ ـ ـ ـ ـ ـﻖ‪:‬‬ ‫ُ‬ ‫اﻟﻤ ﱢ‬ ‫ﺷﻜﺮا ﻟﻚ‪ .‬أﺻﺒﺢ ﻣﺤﻤﺪ ي‬ ‫ن‬ ‫ﺣى �ﻌﻮد ﻣﺤﻤﺪ ﻣﺮة أﺧﺮى‪ ،‬ر�ﻤﺎ �ﻤﻜﻨىن أن أﺟ�ﺐ ﻋ� ي ن‬ ‫ت‬ ‫ف‬ ‫ﻣﻌﺮ�‪:‬‬ ‫ﺑ�ﻣكﺎئ رؤ�ﺘﻬﻢ‪ .‬ﻫﻨﺎك ﺳﺆال‬ ‫ي‬ ‫اﺛﻨن ﻣﻦ ﻫﺬە اﻷﺳﺌﻠﺔ‪ ،‬إذا كﺎن‬ ‫ي‬ ‫ي‬ ‫ﻧﻮاف‬ ‫ﻫﻨﺎ‪ ،‬

  48. Slide 48: Arabic Earnings Call Q&A

    ‫اﻟﻤﺎﻟ�ﺔ ﻫﻮ ﻧﺎﺗﺞ اﻟﺘﺠﻤﻴﻊ‪.‬‬ ‫ﺷﻜﺮا ﻟﻚ‪ .‬ﻣﻔﻬﻮم‪ .‬ﻋﻨﺪي ﺳﺆال‪ .‬ﻫﻞ �ﻤﻜﻨﻚ اﻟﺘﻌﻠﻴﻖ ﻋ� ‪COFE District‬؟ ﻫﻞ ﻟﺪ�ﻚ أي ﺗﻌﻠﻴﻖ ﻋ� ذﻟﻚ‪.‬‬ ‫ﻣﺤﻤﺪ ﺣ�ﺪر‪:‬‬ ‫ف‬ ‫اﻟﺜﺎي ﻣﻦ اﻟﺴﻨﺔ‪ ،‬وﺳ�ﻜﻮن ﻟﺪﻳﻨﺎ اﻟﻤ��ﺪ ﻟﺬﻛﺮە ﻋﻦ ذﻟﻚ ض ي� اﻟﻌﺮض‬ ‫ي‬ ‫ﻣﺤﻤﺪ‪ ،‬ﻗﻠﻨﺎ إن ﻫﺬە اﻟﺼﻔﻘﺔ ﺣﺪﺛﺖ ف� اﻟ��ــﻊ ف‬ ‫ي‬ ‫ﻣﻌﺮ�‪:‬‬ ‫ي‬ ‫ﻧﻮاف‬ ‫و�‬ ‫ي‬ ‫‪.‬

  49. Slide 49: Passion for Excellence, Driving Growth

    PASSION FOR EXCELLENCE DRIVING GROWTH Earnings Presentation Q1 2021 www.alimtiaz.com

  50. Slide 50: Disclaimer

    Disclaimer This document has been prepared and issued by Al Imtiaz Investment Group Company, K.S.C. (“AIIG”), a public company listed on Boursa Kuwait, which is regulated by Kuwait Capital Markets Authority, Central Bank of Kuwait, and Kuwait Ministry of Commerce and Industry. The purpose of this do

  51. Slide 51: Q1 2021 Key Financial Highlights

    Q1 2021 Key Financial Highlights Al Imtiaz operating portfolio companies continues to deliver strong recovery on q-o-q basis. Net Profit increased to KD 1.5 mn in Q1 2021 compared to a loss of KD 16.9 mn in Q1 2020 on lower revaluation losses on Real Estate and Financial Investments as well as lower

  52. Slide 52: Q1 2021 Financial Performance

    Q1 2021 Financial Performance Profit from Operating Activities Net Profit from Operating Activities 8.5 8.0 6.3 0.4 1.7 (12.9) (14.6) (11.3) (19.5) (19.1) Q1 2020 6M 2020 9M 2020 2020 Q1 2021 Q1 2020 6M 2020 9M 2020 2020 Q1 2021 EBITDA Net Profit 3.0 1.5 (11.5) (13.2) (14.0) (16.9) (16.9) (16.5) (18

  53. Slide 53: Q1 2021 Revenue Key Drivers

    Q1 2021 Revenue Key Drivers Q1 2021 Profit from Operating Activities – KD 8.0 mn Performance Discussion • Covid-19 has had a significant impact on the economy and on the business especially during the first half of 2020. The gradual recovery started in the second half of 2020 with the upliftment of

  54. Slide 54: Expenses from Operating Activities

    Expenses from Operating Activities Operating Expenses declined from KD 8.2 mn in Q1 2020 to KD 7.6 mn in Q1 2021 mainly on cost rationalization in the IT & Technology Services segment Operating Expenses Q1 2020 KD 8.2 mn Operating Expenses Q1 2021 KD 7.6 mn 7% 43% 20% 13% 9% 7% 1% 100% 11% 28% 26% 1

  55. Slide 55: Q1 2021 EBITDA

    Q1 2021 EBITDA Q1 2021 EBITDA – KD 3.0 mn F&B Processing Gain / (Loss) from Financial Services Energy and IT & Technology AIIG Real Estate Associates Parent & Others Q1 2021 EBITDA Pharmaceuticals Education and Packaging Listed Securities (Real Estate) Construction Services Properties Investment Q1

  56. Slide 56: Q1 2021 Asset Allocation

    Q1 2021 Asset Allocation Balanced Portfolio with Sectorial Diversification Portfolio NAV as on Mar-20 Portfolio NAV as on Mar-21 IT & Technology Services IT & Technology Services Financial Services (Real Estate) Financial Services (Real Estate) 5% 4% 7% 16% 7% AIIG Real Estate Properties 19% AIIG Re

  57. Slide 57: Strategic Direction

    Strategic Direction Strategic Focus on Growth and Investment Exits Covid-19 Response Expand/Develop Assets Optimize Assets • Initial response due to COVID-19 focused on cash Invest in core portfolio operating Continue to optimize preservation and minimizing impact on operations. assets to fund their

  58. Slide 58: Key Operating Portfolio Companies: Integrated Technology Holding

    Key Operating Portfolio Companies Integrated Technology Holding Key Business Updates Q1 2021 Q1 2021 Brief Regional IT and Technology Services Company Description KD 2.8 mn KD 653 K KD 44 Mn | 19% Profit from Operating NAV and EBITDA Ownership/Control 100% Activities Ex. Provisions Contribution Repo

  59. Slide 59: Key Operating Portfolio Companies: Dimah Capital Investment

    Key Operating Portfolio Companies Dimah Capital Investment Key Business Updates Q1 2021 Q1 2021 International real estate investment management company Brief focused on higher yielding, cash generating real estate Description assets KD 865 K KD (954) K KD 32 mn | 14% Profit from Operating NAV and EB

  60. Slide 60: Key Operating Portfolio Companies: Al Ritaj Holding

    Key Operating Portfolio Companies Al Ritaj Holding (RHC) Key Business Updates Q1 2021 Q1 2021 Manufactures branded generic pharmaceuticals in Egypt Brief (through Pharo and Delta Pharmaceutical) with an Description international distribution network. KD 3.6 mn KD 1.6 mn KD 24 mn | 10% Profit from Op

  61. Slide 61: Key Operating Portfolio Companies: Amman Arab University

    Key Operating Portfolio Companies Amman Arab University Key Business Updates Q1 2021 Q1 2021 Brief Private multidisciplinary university that offers specialized Description undergraduate and postgraduate courses KD 835 K KD 64 K KD 9 mn | 4% Profit from Operating NAV and EBITDA Ownership/Control 98.6

  62. Slide 62: Key Operating Portfolio Companies: Majd Food Company

    Key Operating Portfolio Companies Majd Food Company Key Business Updates Q1 2021 Q1 2021 Brief Food and beverage processing and packaging company Description KD 597 K KD (220) K KD 7 mn | 3% Profit from Operating EBITDA NAV and Ownership/Control 61% Activities Ex. Provisions Contribution Reported As

  63. Slide 63: Key Operating Portfolio Companies: HOTECC

    Key Operating Portfolio Companies House of Trade Engineering and Construction Company (HOTECC) Key Business Updates • AIIG divested its ownership of HOTECC to an associate during Q1 2021 for an amount of KD 15.8 mn. Engineering, construction and maintenance contracting Brief company that caters to o

  64. Slide 64: Key Operating Portfolio Companies: Triple E Holding

    Key Operating Portfolio Companies Triple E Holding Key Business Updates Q1 2021 Q1 2021 Engineering, construction and maintenance contracting Brief company that caters to oil & gas, infrastructure and Description construction industries KD 149 K KD 149 K KD 16 mn | 7% Profit from Operating NAV and E

  65. Slide 65: Key Operating Portfolio Companies: Al-Imtiaz International Real Estate

    Key Operating Portfolio Companies Al-Imtiaz International Real Estate Company Key Business Updates Q1 2021 Mar-2021 Real estate investment and facility management company. Brief Primarily owns 29 floors of the Al-Dhow Tower Description (Imtiaz Head Office). KD 329 K KD 293 K KD 27 mn | 12% Profit fr

  66. Slide 66: Corporate Development Activities

    Corporate Development Activities Synopsis Key Business Updates • The Covid-19 pandemic has been challenging to various sectors and AIIG has been closely monitoring its target sectors to capture value and diversify its Brief Al Imtiaz aims to grow through investments and delivering portfolio. Descrip

  67. Slide 67: Financial Investments Activities

    Financial Investments Activities Synopsis Key Business Updates Brief Al Imtiaz financial investment activities are focused on • Acquired 3.3% stake in a MedTech company based in Switzerland and with providing liquidity and returns from short-medium term operations in the US. Description investments

  68. Slide 68: Valuation Metrics

    Valuation Metrics Al Imtiaz is trading at a significant Parent OpEx well contained at only 5% of discount1 to its BV and NAV and at a Market Cap and 2% of Total Assets in wider discount to its 5-year average 2020 -10% 5.3% 5.0% -29% -39% CMP (fils) 158 -48% % of Total Assets Discount to BV % % of Ma

  69. Slide 69: Key Sustainability Achievements

    Key Sustainability Achievements Al Imtiaz is committed to aligning its values and business strategy with social and economic needs by 1 including the responsible and ethical business practices in the implementation of the company’s Company activities. Overview • Al-Imtiaz and its Subsidiaries have 2

  70. Slide 70: Profit and Loss

    Profit and Loss Segment Reporting Income Statement Quarter End Quarter End (KD mn) Mar-21 Mar-20 (KD mn) Mar-21 Mar-20 IT & Technology Services 2.8 1.0 Gross Profit from Subsidiaries 8.4 6.3 Financial Services (Real Estate) (0.1) (11.7) Net investment loss (0.1) (10.7) Energy and Construction 0.1 0.

  71. Slide 71: Balance Sheet

    Balance Sheet Balance Sheet Capital Structure (KD mn) Mar-21 Dec-20 Mar-20 (KD mn) Dec-20 Mar-20 Mar-21 Cash and Cash Equivalents and Term 24.8 23.3 26.6 Deposits Financial Assets at Fair Value through Short Term Debt 40.5 32.8 21.2 36.7 41.0 35.5 Profit or Loss Accounts Receivable 43.2 79.8 75.6 26

  72. Slide 72: Investor Relations

    AL IMTIAZ INVESTMENT GROUP K.S.C. (PUBLIC) Al Dhow Tower, Khaled Bin Al Waleed St., Sharq P.O.Box: 29050, Safat, 13151, Kuwait Website: www.alimtiaz.com Investor Relations AL IMTIAZ INVESTMENT GROUP K.S.C. (PUBLIC) IR@alimtiaz.com +965 182 2282 www.alimtiaz.com

Al Imtiaz Investment Group — Q1 2021 Earnings Presentation on 6ix