Human Soft Holding Co. Kscc · KSE:HUMANSOFT
Human Soft Holding Co. Kscc — Humansoft Holding Company K.S.C.P. — FY2023 Earnings Presentation
28 slides from Human Soft Holding Co. Kscc's earnings presentation, Feb 13, 2024
Slide 1: Humansoft Holding Company KSCP Investor Presentation FY 2023 Results
FY 2023 Humansoft Holding Company KSCP Investor Presentation FY 2023 Results 13 February 2024 Disclaimer: Nothing in this document constitutes an offer to sell or a solicitation of an offer to buy any securities
Slide 2: Disclaimer
FY 2023 Disclaimer • The information set out in this presentation and provided in the discussion • This presentation does not disclose all the risks and other significant subsequent thereto does not constitute an offer or solicitation of an offer to issues related to an investment in any securities/
Slide 3: Contents
FY 2023 Contents Key highlights 4-8 At a glance 9-10 We are proud of our achievements 11 Board & Executive Management 12-13 Share price performance 14 Consistently High EPS & Dividend payout 15 Research coverage 16 Revenue recognition 17 Q3 2023 Financial performance 18-19 Student enrollment 20 Key
Slide 4: Key Highlights
KEY HIGHLIGHTS HUMANSOFT Empowering People Through Knowledge
Slide 5: Key Highlights
FY 2023 Key Highlights AUM receives global institutional accreditation from The Quality Assurance Agency for Higher Education (QAA) AUM has successfully obtained global accreditation having completed the International Quality Review (IQR) by the Quality Assurance Agency for Higher Education (QAA). B
Slide 6: Key Highlights
FY 2023 Key Highlights Driving Positive Change and Making an Impact through a Culture of Excellence The Culture of Excellence and continuous improvement are part of AUM Community QAA Review Team identified 11 AUM and ACM celebrated Faculty members’ daily practices whether in teaching, Examples of Go
Slide 7: Glimpses from Fall 2023 Enriched with Intellectual and Wellbeing Activities
FY 2023 Glimpses from Fall 2023 Enriched with Intellectual and Wellbeing Activities AUM Statistics Day Celebration through delving Beat Diabetes Day including Walkathon, sharing Taxation Awareness Week powered by AUM in into the World of Statistics experiences and support awareness campaign collabor
Slide 8: Expanding Efforts and Building Collaborations to Empower Youth
FY 2023 Expanding Efforts and Building Collaborations to Empower Youth Participation in Gulf Petrochemicals and Chemicals AUM primary sponsor for the 6th Children’s “2023 Vivid Leadership“ at AUM, Youth Association Youth Forum in Qatar and Signing of Science Exhibition organized by the Kuwait Leader
Slide 9: At a Glance
ATA GLANCE HUM/ANSOFT Empowering People Through Knowledge
Slide 10: At a Glance
FY 2023 At a Glance Leading 20+ 13,4251 University private higher education company years of operating enrolled students in of choice experience AUM and ACM in the GCC for Engineering and Business KD 79.0 KD 44.6 20% 350 fils Cash + million million 2014-2023 net profit 5% Bonus Shares CAGR in revenu
Slide 11: We are proud of our achievements
FY 2023 We are proud of our achievements #1 Ranking #1 Ranking #21 Ranking Internationally University in Kuwait Green & Sustainable In the Arab Accredited By QS and THE University in Kuwait Region by THE Institution & Programmes Over 1200 Over 60% Over 60 International trees have been female differe
Slide 12: Board & Executive Management
FY 2023 Board & Executive Management
Slide 13: Board & Executive Management
FY 2023 Board & Executive Management Name Position Ms. Dalal Hasan Al Sabti Chairperson Board Mr. Tareq Fahad Al Othman Vice Chairman of Directors Mr. Mayank Hasmukhlal Baxi Director Mr. Hasan Qasim Al Ali Director Mr. Abdulrazaq Abdulla Mohammad Ahmed Director Name Position Dr. Georges Yahchouchi H
Slide 14: Share Price Performance
FY 2023 Share Price Performance Shareholding (31 December 2023) KD Closing price as at 28 December 2023 3.399 Market Cap (KD mn) 1 434 Market Cap (USD bn) 1.4 20% Al-Othman 6m avg. daily trading volume (% of shares outstanding) 0.14% 52-weeks high 2 3.815 7% Public Institute for Social Security 52-w
Slide 15: Consistently high EPS & Dividend payout
FY 2023 Consistently high EPS & Dividend payout • Average dividend payout in EPS / Dividend / Dividend payout last 10 years has been in excess of 70%. 78% 514 • Cash dividend of 350 fils per 96% 130% share and Bonus shares of 107% 417 400 400 400 5% is proposed for FY 2023 0% 350 71% 327 • The propo
Slide 16: Research Coverage
FY 2023 Research Coverage Broker Target price Date of report Analyst HSBC 5.000 30 May 2023 • Ankur Agarwal • Hatem Alaa EFG Hermes 4.810 28 February 2023 • Mirna Maher Citi 4.200 22 February 2023 • Michel Salameh Arqaam 4.000 14 December 2023 • Christine Kalindjian SICO 3.600 28 August 2023 • Reem
Slide 17: Revenue Recognition – Back to Normal in FY 2023
FY 2023 Revenue Recognition – Back to Normal in FY 2023 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 (Normal Year) (COVID Year) (COVID Year) (Converging to normalcy) (Normal Year) Q1 Q1 Q1 Q1 Q1 • 20% Fall 2018/2019 • 20% Fall 2019/2020 • 50% Fall 2020/2021 • 25% Fall 2021/2022 • 20% Fall 2022/2023 • 40%
Slide 18: FY 2023 Financial Performance
FY 2023 FY 2023 Financial Performance 11
Slide 19: Financial Performance – FY 2023
FY 2023 Financial Performance – FY 2023 • FY 2023 revenue was 6% lower Key figures and ratios Q4 2022 Q4 2023 Change FY 2022 FY 2023 Change compared to FY 2022 mainly due to the Number of Students (Fall) 13,684 13,425 -2% 13,684 13,425 -2% changes in the academic calendar in Q1 2022 and lower revenu
Slide 20: Student Enrollment growing at a CAGR of 8%
FY 2023 Student Enrollment growing at a CAGR of 8% Total CAGR 8% AUM CAGR 8% ACM CAGR 5% 13,763 13,753 13,684 13,425 Total AUM ACM 12,356 12,385 11,760 1,935 1,892 2,001 2,246 10,360 2,127 1,970 8,620 2,286 2,011 Total students 6,853 1,663 enrolled 1,477 11,828 11,861 10,415 11,683 11,179 (beginning
Slide 21: Key Financials
FY 2023 Key Financials
Slide 22: Key Financials – Revenue Trends
FY 2023 Key Financials – Revenue Trends • Revenue grew at a CAGR of Revenue (KD mn) 12% in the period 2014-2023 and was KD 79.0 million in FY 2023. CAGR 12% • FY 2023 revenue was 6% lower 95.9 compared to FY 2022 mainly due to the changes in the 83.6 academic calendar in Q1 2022 79.0 and lower reven
Slide 23: Key Financials – Consistently High Margins
FY 2023 Key Financials – Consistently High Margins Gross profit (KD mn) and gross profit margin EBITDA (KD mn) and EBITDA margin • Gross profit grew at a CAGR CAGR CAGR of 13% in the period 2014- 13% 81.3 68.5 15% 63.6 69.1 53.5 56.7 53.9 55.1 2023. Gross profit margin 47.6 43.0 43.1 44.6 41.8 38.1
Slide 24: Key Financials – High ROAA and ROAE
FY 2023 Key Financials – High ROAA and ROAE Total assets (KD mn) and ROAA Total equity (KD mn) and ROAE • Humansoft’s fortress balance sheet, high ROAA & ROAE provide protection, resilience, 158.3 158.6 155.4 147.2 131.8 133.7 126.9 and enable Humansoft to withstand stress events. 118.3 109.9 98.4 5
Slide 25: Strong Equity Story
FY 2023 STRONG EQUITY STORY Solid track record Strategic pillars Long term focus
Slide 26: Solid Track Record
FY 2023 Top university ranking, high quality learning, state of the art SOLID TRACK RECORD campus Highest number of students among private universities in Kuwait Internationally accredited Engineering & Business majors Solid financial performance, fortress balance sheet One of the largest
Slide 27: Strategic pillars
FY 2023 Strategic pillars 1 2 3 Academic Operating Shareholder excellence efficiency value 27
Slide 28: Strategic pillars
FY 2023 Strategic pillars 1 We are building new capabilities and continuously developing new offerings to Academic secure our long term prospects. This includes widening the undergraduate offering excellence by introducing new majors, offering new masters programs, expanding international collaborat
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