GFH Bank B.S.C. · BAHRAIN:GFH
GFH Bank B.S.C — GFH Financial Group — Q1 2022 Earnings Presentation
9 slides from GFH Bank B.S.C's earnings presentation, May 12, 2022
Slide 1: GFH Financial Group: Another quarter of strong performance
GFH Financial Group Another quarter of strong performance Presentation to the Investors on Q1 2022 Results 12 May 2022 1 |
Slide 2: Importance Notice and Forward-Looking Statements
Importance Notice and Forward-Looking Statements Important notice The information set out in this presentation and subsequent webcast does not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation of any offer to purchase any securities or other financi
Slide 3: GFH Group at a Glance
GFH Group at a Glance Regulated by: Dividends: Liquidity profile: Returns: CBB - Bahrain Regular dividend paying ~USD 2.1 billion in Annualized ROE for DFSA - UAE from 2016, average of liquid assets as at Q1 2022 at 7.2% CMA - KSA ~7% yield 2022 Credit Rating: Regulatory: Listed on: Assets & Fitch R
Slide 4: Continue to report strong results with 19% growth in Q1 shareholder profits
Continue to report strong results with 19% growth in Q1 22 shareholder profits Investment banking business 2 deals placed in Q1. Gross 1 income from investment banking of $24.7m Higher contribution from KHCB, adding another $8.6m in 2 Q1 net profit to GFH profits • Shareholders’ profit of Higher con
Slide 5: Strong overall performance
Strong overall performance $m Quarterly numbers Q1 Q1 % Q1 2022 YE 2021 Q1 2021 2022 2021 change Consolidated profit 19.3 19.3 0% Book value per share ($) 0.27 0.26 0.24 Shareholders profit 19.1 16.1 19% Total income 90.8 90.4 0% Average cost of funds 4.9% 4.9% 5.0% Operating expenses 31.3 32.2 -3%
Slide 6: Increase in shareholders' profit by 19% compared to Q1 21
Increase in shareholders’ profit by 19% compared to Q1 21 $000s Q1 2022 Q1 2021 % change Investment banking income 24,679 17,590 40% Commercial banking income 19,751 17,173 15% Income from proprietary investments and co-investment 12,785 18,120 -29% Treasury and other income 33,599 37,506 -10% GROSS
Slide 7: Improved performance ratios
Improved performance ratios Net profit margins 26% 23% 21% Average 21% 18% 19% Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 53% Cost to Income Ratio 1 56% 51% Average 51% 48% 45% Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 1 Excluding Treasury income , Financeexpenses & MTM losses 7 | Presentation to the Investors – Q1 2022 res
Slide 8: Balance sheet snapshot
Balance sheet snapshot $000s Mar 2022 Dec 2021 ASSETS Cash and bank balances 544,481 722,471 Treasury portfolio 3,161,058 3,089,925 Financing assets 1,440,867 1,311,002 Real estate investment 1,074,445 1,905,598 Proprietary investment 1,165,305 211,638 Co-Investments 119,368 171,877 Receivables & pr
Slide 9: Thank You
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