Waha Capital Company · ADX:WAHA
Waha Capital — Q3 2021 Earnings Presentation
16 slides from Waha Capital's earnings presentation, September 2021
Slide 1: Q3 2021 Investor Presentation
Q3 2021 Investor Presentation September 2021
Slide 2: Key Highlights – YTD Sep 2021
Key Highlights – YTD Sep 2021 900.1 296.5 82.8 4.1 193.7 71.5 152.6 3.4 502.8 58.5 YTD Sep YTD Sep YTD Sep YTD Sep YTD Sep YTD Sep YTD Sep YTD Sep Dec 2020 YTD Sep 2020 2021 2020 2021 2020 2021 2020 2021 2021 Total Income Net Profit G&A Finance Costs Total AUM (AED M) (AED M) (AED M) (AED M) (AED Bn
Slide 3: Key Highlights – YTD Sep 2021
Key Highlights – YTD Sep 2021 Financials (vs. YTD Sep 2020) Awards & Recognition – 2021 • Net profit of AED 297m vs. net profit of AED 59m • Total operating income of AED 900m vs. AED 503m • Finance costs of AED 72m vs. AED 83m • G&A expenses of AED 194m, versus AED 153m • Public Markets profit of A
Slide 4: Financial Summary Results – YTD Sep 2021
Financial Summary Results – YTD Sep 2021 Return on YTD Average Equity FINANCIAL SUMMARY RESULTS 9.5% vs 2.1% • Net profit of AED 297m (YTD Sep 20 profit AED 59m) was driven by continuing strong performance from the Public in YTD 2020 Markets division. Performance was impacted by general volatility i
Slide 5: Q3 2021 Financial Summary Results
Q3 2021 Financial Summary Results Return on Average Equity FINANCIAL SUMMARY RESULTS • Q3 2021 profit of AED 32m (Q3 2020 profit AED 86m) driven by contributions from both investment divisions, 1.0% vs 3.0% positive investment returns across flagship funds in Public Markets and gains on sale of equi
Slide 6: Balance Sheet – as at 30th Sep 2021
Balance Sheet – as at 30th Sep 2021 Assets by Business Division- Segment Assets by Sector AED millions 925 779 354 334 164 159 165 377 805 Sep 21 806 Dec 20 6,987 6,403 AED 9,375m AED 8,882m 6,403 2,011 2,105 6,987 377 374 Sep 21 Dec 20 Private Investments Public Markets Corp Equity, Borrowings & Le
Slide 7: Public Markets Business
Public Markets Business Awards & Recognition – 2021 CEEMEA Credit Fund Primarily invests in hard currency fixed income instruments from Emerging Market corporate and sovereign credits in the Central Europe, Eastern Europe, Middle East and Africa (CEEMEA) region MENA Equity Fund Absolute return strat
Slide 8: Public Markets Fund Range
Public Markets Fund Range FUND NAME FACTOR WAHA CEEMEA CREDIT FUND SP WAHA MENA EQUITY FUND SP WAHA ISLAMIC INCOME FUND SP Fund Inception 2012 2014 2020 Seed Capital US$ 169 m US$ 161 m US$ 25 m Fund offered to third party 2015 2015 - NAV US$ 523 m US$ 568 m US$ 33 m Cumulative Gross return (%) 269.
Slide 9: Private Investments Business Summary Updates
Private Investments Business Summary Updates WAHA LAND • Waha Land, a wholly owned subsidiary of Waha Capital, is currently engaged in developing ALMARKAZ, an integrated mixed-use industrial development with Grade “A” industrial/logistics facilities and first class infrastructure • During the nine-m
Slide 10: Private Investments Business Summary Updates
Private Investments Business Summary Updates NATIONAL ENERGY SERVICES REUNITED CORP • During June 2018, the Group acquired a 5.8% stake in a NASDAQ-listed entity, National Energy Services Reunited Corp. (“NESR Corp”) as part of exit consideration of NPS Holdings Limited. Consequent to issuance of ea
Slide 11: Appendix
Appendix
Slide 12: Income Statement
Income Statement Summary Income Statement for the period ended 30 Sep YTD Sep 2021 YTD Sep 2020 Q3 2021 Q3 2020 AED ‘000 Revenue from sale of goods and services 229,315 226,278 72,871 79,817 Share of loss from equity-accounted associates and joint ventures, (14,427) (13,145) (4,285) (2,992) net Gain
Slide 13: Balance Sheet
Balance Sheet Summary Balance Sheet for the period ended 30 Sep As at 30-Sep-21 As at 31-Dec-20 AED ‘000 Investments in equity accounted associates and joint ventures 171,182 472,076 Right-of-use assets 103,241 113,550 Investment property 711,408 715,989 Financial investments 6,435,869 6,163,043 Loa
Slide 14: Summary & Outlook
Summary & Outlook The progression of the pandemic has demonstrated globally that economic recovery to a post-COVID world will not be without its challenges. Increased market volatility in the final weeks of September defined a relatively positive quarter for capital markets. Our emerging markets fun
Slide 15: Disclaimer
DISCLAIMER This document is not an offer, invitation or recommendation to subscribe to or purchase any securities. Nothing in this document shall form the basis of any contract or commitment whatsoever. This document contains forward-looking statements. Forward-looking statements can be identified b
Slide 16: Thank You
Thank You