E-finance For Digital And Financial Investments S.a.e. · EGX:EFIH
E-finance For Digital And Financial Investments S.a.e — e-finance for Digital and Financial Investments — H1 2022 Earnings Presentation
32 slides from E-finance For Digital And Financial Investments S.a.e's earnings presentation, September 2022
Slide 1: 1H2022 Earnings Presentation
1H2022 Earnings Presentation September 2022 1
Slide 2: Agenda
Agenda I e-finance Overview II Our Subsidiaries III Appendix 2
Slide 3: Overview
Overview finance Investment Group 3
Slide 4: Group Overview
Group Overview Group Synopsis 1H2022 Financial Highlights Consolidated Revenues e-finance Investment Group is Egypt’s leading investment management firm. From its beginnings as the country’s first fintech 26.4% 25.0% EGP 1,262.0 million platform in 2005, e-finance has grown to pioneer Egypt’s compre
Slide 5: Corporate Evolution and Path to Institutionalization
Corporate Evolution and Path to Institutionalization Launch Phase Development Phase Expansion Phase Established in 2005 Contracted by the Introduced the Corporate Contracted in 2016 to operate • Spun-off both e- • Established e-tax as the first fintech MoF in 2007 to be Payment Solution service to t
Slide 6: Group Overview
Group Overview eFinance Investment Group (EFIH) runs a diversified portfolio of subsidiaries and investments, offering an array of digital services to government partners, businesses, financial institutions, and citizen e-finance’s full end-to-end offering is made possible through its portfolio of s
Slide 7: A Comprehensive Service Offering Through a Portfolio of Leading Subsidiaries
A Comprehensive Service Offering Through a Portfolio of Leading Subsidiaries By leveraging its robust network infrastructure across its subsidiaries, e-finance is able to extend its reach across the nation and capture the entire digital payments value chain with a ubiquitous service offering coverin
Slide 8: Overview of Associate Companies
Overview of Associate Companies ACIS 35% 35% 10% 10% 10% 10% Taxation Health Customs G2G - Digitalization Utilities Payment Digitalization Digitalization Digitalization Consulting Payment Consulting Misr Technology Services e-serve provides e-tax provides services for Alameia for Consulting & (MTS)
Slide 9: To Offer a One-Stop Shop Solution Covering the Entire E-Payments Value Chain
To Offer a One-Stop Shop Solution Covering the Entire E-Payments Value Chain The Group is currently certified by all three Card Issuance & Issuer & Acquirer Loan Management schemes while providing third party processing Management KYC & E-KYC Processor System Transfers Bill Payments services Third P
Slide 10: Our Revenue Generation Model
Our Revenue Generation Model A wide array of revenue generating services Build & Operate (Contract Based) e-finance develops and manages tailored solutions for clients under contract Transaction Based (Variable & Fixed Payment processing activities split into variable-fee transactions (take rate/thr
Slide 11: Leveraging our Expansive Reach and Strategic Partnerships
Leveraging our Expansive Reach and Strategic Partnerships Four Transaction Revenue Generating Channels Financial Institutions Network POS Network 39 >6k 13 380k Commercial Banks Bank Branches PSPs POSs (Held by PSPs) >4k 20k Post Offices Third Party Government POSs Corporate Online Banking Payment G
Slide 12: Consolidated Financial Performance in 1H2022
Consolidated Financial Performance in 1H2022 Key Highlights Revenue (EGP mn) Gross Profit, Margin (EGP mn, %) e-finance recorded consolidated revenues of EGP Gross Profit 44% 55% 923 Margin 1,262.0 million for 1H2022, up by 39.5% y-o-y. Top- 2018 – 2021 Y-o-Y Growth CAGR 55% line growth for the peri
Slide 13: Bottom-Line Strength Despite Elevated Effective Tax
Bottom-Line Strength Despite Elevated Effective Tax Net Profit After Tax Progression (EGP mn) EGP 33mn Deferred Tax 706.2 479.7 EGP 24mn Withholding Tax on Treasury Bill Interest EGP 19mn Taxes on Dividends from Subsidiaries Net Profit Before Tax Net Profit After Tax (Before NCI) The period’s solid
Slide 14: Adjusted Figures Show Core Strength
Adjusted Figures Show Core Strength Adjusted financial results normalize for the effects of an accounting treatment that has seen e-finance Digital Operations switch to amortizing revenue from annual tax declarations over a twelve-month period. Adjusted Gross Profit, Margin (EGP mn, %) Adjusted EBIT
Slide 15: Cost Base Analysis
Cost Base Analysis Key Highlights Cost of Sales (1) (EGP mn, %) G&A (1) (EGP mn, %) 1041 Cost of sales increased by 23% y-o-y 205 driven by the Group’s operational expansion. 171 130 637 574 99 97 521 467 72 Sales, general and administrative (SG&A) 390 expenses increased by 75.4% y-o-y, 52% 53% 52%
Slide 16: Best Practice ESG Standards
Best Practice ESG Standards E-finance has been actively pursuing the highest As part of its community development and e-finance is an active player in the community environmental and safety standards for its employment creation, e-finance focuses on promoting equality and social welfare employees an
Slide 17: Our Subsidiaries
Our Subsidiaries finance Investment Group 17
Slide 18: e-finance Digital Operations
e-finance Digital Operations e-finance for Digital Operations (e-finance’s largest subsidiary) provides the Group with a unique position and infrastructure to capitalize on Egypt’s robustly growing digital transformation drive, building and operating Government digitization projects and acting as th
Slide 19: e-finance Digital Operations Drivers & Revenues (1/2)
e-finance Digital Operations Drivers & Revenues (1/2) Key Highlights Transaction Based Revenues (EGP mn) Build & Operate Revenues (EGP mn) e-finance for Digital Operations recorded pre- elimination revenues of EGP 1,106.4 million 41% 25% 2018 – 2021 Y-o-Y Growth during 1H2022, up by 34.4% y-o-y. Gro
Slide 20: e-finance Digital Operations Drivers & Revenues (2/2)
e-finance Digital Operations Drivers & Revenues (2/2) Key Highlights Fixed Fee Transactions (mn), Avg. Fee per Transaction (EGP) Fixed Fee Revenues (EGP mn) 0.6 0.8 1.0 1.3 1.8 1,3 20% 16% 2018 – 2021 Y-o-Y Growth CAGR 447 443 391 382 365 346 -35% Y-o-Y Growth 309 312 -12% Y-o-Y Growth 211 203 Fixed
Slide 21: eCards
eCards eCards is a pivotal player in Egypt’s growing digital payments sector, leading the digital transformation by building, managing and operating smart card solutions for financial and nonfinancial institutions, as well as enabling the development of smart solutions across sectors Product and Ser
Slide 22: eCards Operational Drivers & Revenues
eCards Operational Drivers & Revenues Key Highlights e-cards Revenues (EGP mn) 68% 309% 2018 – 2021 Y-o-Y CAGR Growth 376 Revenue at eCards expanded by 6.0% y-o-y before eliminations, booking EGP 86.2 million for 1H2022. Card Production revenues recorded EGP 53.2 million in 1H2022, down by 14.8% y-o
Slide 23: eKhales
eKhales Through eKhales, the Group has successfully tapped into Egypt’s thriving retail space, enabling users to execute all manner of bill payments, and creating value for a wide network of merchant partners Through its wide network of 13 >380K EGP c.500 mn 49.7 mn POS partners, and inter- operable
Slide 24: eKhales Operational Drivers & Revenues
eKhales Operational Drivers & Revenues Key Highlights eKhales Revenues (EGP mn) 132% 160% 2019 – 2021 Y-o-Y Growth CAGR 65 eKhales recorded pre-elimination revenues of EGP 22.6 million for 1H2022, down by 20.7% y-o-y from the figure recorded in 1H2021. The y-o-y decline in revenues at eKhales reflec
Slide 25: e-nable
e-nable e-nable is a leading Business Processing Outsourcing (BPO) service provider, offering a suite of integrated telecommunications and contact center solutions, from HR and IT outsourcing to a full contact center, across local and international markets Service Offering 24/7 Contact Center HR Out
Slide 26: e-nable Operational Drivers & Revenues
e-nable Operational Drivers & Revenues Key Highlights e-nable Revenues (EGPmn) Customer Served e-nable was established in 2021 to absorb e- 32% 69% 2018 – 2021 finance’s spun off call center business, with CAGR Y-o-Y Growth FY2021 being the company’s first fiscal year 27% 30% with standalone financi
Slide 27: eAswaaq
eAswaaq Established in 2020, eAswaaq establishes digital purchasing platforms that penetrate and unlock value from a wide range of economic sectors, creating a one-stop-shop for digital commerce eAswaaq provides platforms catering to several sectors across Egypt’s growing economy: An unprecedented p
Slide 28: Appendix
Appendix finance Investment Group 28
Slide 29: Historical Income Statement
Historical Income Statement Consolidated Income Statement (EGP mn, unless otherwise stated) 2020 2021 1H2021 1H2022 Sales 1,232 1,963 904 1,262 Total Revenue 1,232 1,963 904 1,262 % y-o-y 25.2% 59.3% 39.5% Cash Production Costs (585) (966) (433) (530) Depreciation & Amortization (52) (74) (34) (44)
Slide 30: Historical Balance Sheet
Historical Balance Sheet Consolidated Balance Sheet (EGP mn, unless otherwise stated) 2019 2020 2021 1H2022 Assets Cash 612 633 2,367 796 HTM Investments 2,109 Receivables 667 780 1,358 1,576 Inventory 54 59 55 77 Total Current Assets 1,333 1,472 4,282 4557 Gross PP&E 490 638 760 748 Accumulated Dep
Slide 31: Stock Information
Stock Information Stock Chart 20 100 19 90 18 80 17 70 60 16 50 15 40 14 30 13 20 12 10 11 0 Share and Contact Information Ticker EFIH.CA on the EGX Date of Listing 20 October 2021 Number of Shares 1,848,888,889 Par Value EGP 0.5 / share Paid-in Capital EGP 924,444,444 Market Capitalization* EGP 26.
Slide 32: Thank You
Thank You INVESTOR RELATIONS CONTACTS Telephone: +202 3531 7430 E-mail: info@efinance.com.eg www.efinanceinvesrment.com SHAREHOLDER INFORMATION EGX: EFIH.CA Listed: October 2021 Shares Outstanding: 1.6 billion 32
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