Al Imtiaz Investment Group K.s.c.c · KSE:ALIMTIAZ
Al Imtiaz Investment Group K.s.c.c — Al Imtiaz Investment Group — H1 2021 Earnings Presentation
22 slides from Al Imtiaz Investment Group K.s.c.c's earnings presentation, Aug 16, 2021
Slide 1: Earnings Presentation Q2 2021
PASSION FOR EXCELLENCE DRIVING GROWTH Earnings Presentation Q2 2021 www.alimtiaz.com
Slide 2: 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
Slide 3: H1 2021 Key Financial Highlights
H1 2021 Key Financial Highlights Al Imtiaz portfolio assets continue to recovery in 2021 Key Financial Metrics Key Financial Ratios KD 17.6 KD 6.5 KD 3.6 3.48 fils 8.5% 3.9% Income from EBITDA Net Profit Earnings Per Gross Profit from Return on Equity2 Operating Activities (mn) (mn) Share Subsidiari
Slide 4: H1 2021 Financial Performance
H1 2021 Financial Performance Income from Operating Activities Net Income from Operating Activities 3.7 17.6 0.4 8.0 3.8 2.6 (15.1) (16.6) (1.6) (21.6) 6M 2020 9M 2020 2020 3M 2021 6M 2021 6M 2020 9M 2020 2020 3M 2021 6M 2021 EBITDA Net Profit 3.6 6.5 1.5 3.0 (14.0) (13.8) (16.5) (15.6) (20.7) (21.0
Slide 5: H1 2021 Operating Income Key Drivers
H1 2021 Operating Income Key Drivers H1 2021 Income from Operating Activities – KD 17.6 mn Performance Discussion • Total Income from Operating Activities recovered significantly to KD 17.6 mn in H1 2021, compared to a Loss of KD 1.6 mn in H1 2020. • Net Income from Operating Activities reached KD 3
Slide 6: H1 2021 Expenses from Operating Activities
H1 2021 Expenses from Operating Activities Operating Expenses marginally increased by 2.7% y-o-y to KD 13.9 mn in H1 2021 mainly on higher marketing expenses in the Pharmaceuticals sector Operating Expenses H1 2020 KD 13.6 mn Operating Expenses H1 2021 KD 13.9 mn 8% 37% 24% 13% 10% 8% 100% 12% 22% 3
Slide 7: H1 2021 EBITDA
H1 2021 EBITDA EBITDA of KD 6.5 mn in H1 2021 compared to KD 13.8 mn loss in H1 2020, mainly driven by improved performance in the Energy & Construction, IT & Technology, and Real Estate sectors, and lower asset revaluation losses. H1 2021 EBITDA – KD 6.5 mn H1 2020 EBITDA – KD (13.8) mn www.alimtia
Slide 8: H1 2021 Asset Allocation
H1 2021 Asset Allocation Balanced Portfolio with Sectorial Diversification Portfolio NAV as on Jun-20 Portfolio NAV as on Jun-21 IT & Technology Services IT & Technology Services Financial Services (Real Estate) Financial Services (Real Estate) 5% 3% 3% 6% 17% Real Estate Properties 3% 18% Real Esta
Slide 9: Key Operating Portfolio Companies: Integrated Technology Holding
Key Operating Portfolio Companies Integrated Technology Holding Key Business Updates H1 2021 June 2021 Brief Regional IT and Technology Services Company Description KD 3.6 mn KD 524K KD 43 mn | 18.5% Income from Operating NAV and EBITDA Ownership/Control 100% Activities Ex. Provisions Contribution R
Slide 10: Key Operating Portfolio Companies: Dimah Capital Investment
Key Operating Portfolio Companies Dimah Capital Investment Key Business Updates H1 2021 June 2021 International real estate investment management company Brief focused on higher yielding, cash generating real estate Description assets KD 1.4 mn KD (1.2) mn KD 32 mn | 14% Income from Operating NAV an
Slide 11: Key Operating Portfolio Companies: Al Ritaj Holding
Key Operating Portfolio Companies Al Ritaj Holding (RHC) Key Business Updates H1 2021 June 2021 Manufactures branded generic pharmaceuticals in Egypt Brief (through Pharo and Delta Pharmaceutical) with an Description international distribution network. KD 6.7 mn KD 2.2 mn KD 25 mn | 11% Income from
Slide 12: Key Operating Portfolio Companies: Amman Arab University
Key Operating Portfolio Companies Amman Arab University Key Business Updates H1 2021 June 2021 Brief Private multidisciplinary university that offers specialized Description undergraduate and postgraduate courses KD 1.7 Mn KD 220 K KD 9.5 mn | 4% Income from Operating NAV and Activities Ex. Provisio
Slide 13: Key Operating Portfolio Companies: Majd Food Company
Key Operating Portfolio Companies Majd Food Company Key Business Updates H1 2021 June 2021 Brief Food and beverage processing and packaging company Description KD 1.7 mn KD 214 K KD 7 mn | 3% Income from Operating EBITDA NAV and Ownership/Control 61% Activities Ex. Provisions Contribution Reported A
Slide 14: Key Operating Portfolio Companies: Triple E Holding
Key Operating Portfolio Companies Triple E Holding Key Business Updates H1 2021 June 2021 Engineering, construction and maintenance contracting Brief company that caters to oil & gas, infrastructure and Description construction industries KD 306 K KD 306 K KD 16 mn | 7% Income from Operating NAV and
Slide 15: Key Operating Portfolio Companies: Al-Imtiaz International Real Estate
Key Operating Portfolio Companies Al-Imtiaz International Real Estate Company Key Business Updates H1 2021 June 2021 Real estate investment and facility management company. Brief Primarily owns 29 floors of the Al-Dhow Tower Description (Imtiaz Head Office). KD 676 K KD 602 K KD 27.9 mn | 11.9% Inco
Slide 16: Corporate Development Activities
Corporate Development Activities Synopsis Key Business Updates • AIIG has been closely monitoring its target sectors to capture value and diversify its portfolio. Brief Al Imtiaz aims to grow through investments and delivering Description value at maturity through divestitures • Continuing to divest
Slide 17: Financial Investments Activities
Financial Investments Activities Synopsis Key Business Updates Brief Al Imtiaz financial investment activities are focused on • AIIG manages a diversified portfolio of financial investments with allocations in providing liquidity and returns from short-medium term the equity markets in the GCC and I
Slide 18: Valuation Metrics
Valuation Metrics Al Imtiaz is trading at a significant Parent OpEx is well contained at only discount1 to its BV and NAV and at a 2.6% of Market Cap and 12% of Total wider discount to its 5-year average, OpEx in H1 2021, maintaining a although starting to recover from 2019 downtrend since 2019 bott
Slide 19: Key Sustainability Achievements
Key Sustainability Achievements Key Commitments Key Initiatives • Continue and enhance our program for Environment Recycling electronic and plastic waste Achieve business goals across the group. and continuity in a way • Adopting a new energy saving lighting that minimizes harmful system in Al Dhow
Slide 20: Profit and Loss
Profit and Loss Segment Reporting Income Statement 6M End 6M End (KD mn) June-21 June-20 (KD mn) June-21 June-20 Gross Profit from Subsidiaries 14.6 13.5 IT & Technology Services 3.6 2.6 Net investment profit (loss) 2.5 (7.6) Financial Services (Real Estate) 0.2 (10.2) Changes in FV of investment pr
Slide 21: Balance Sheet
Balance Sheet Balance Sheet Capital Structure (KD mn) June-21 Dec-20 June-20 (KD mn) Dec-20 June-20 June-21 Cash and Cash Equivalents and Term 20.2 23.3 25.1 Deposits Financial Assets at Fair Value through Short Term Debt 40.5 43.4 20.6 36.4 41.0 38.4 Profit or Loss Accounts Receivable 43.9 79.8 79.
Slide 22: Al Imtiaz Investment Group K.S.C. (Public)
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
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