Kuwait Financial Centre Kpsc · KSE:MARKAZ
Kuwait Financial Centre Kpsc — Q1 2022 Earnings Presentation
20 slides from Kuwait Financial Centre Kpsc's earnings presentation, May 2022
Slide 1: Earnings Presentation Q1 2022
Earnings Presentation Q1 2022 j—4y—al| MARKAZ|
Slide 2: Contents
Q1 2022 Performance Highlights .…………................................. 3-4 Markaz Overview ................................................................... 5-7 Business Highlights .…………...................................................... 8-9 Financials Trend .…………................................
Slide 3: Profit and Loss Highlights
Profit and Loss Highlights KD 12.24 mn Total Revenue KD 3.14 mn KD 9.15 mn Management Fees & Commission Return on Principal Investments Net Rental Income KD 0.92 mn Management Fees & Commission Asset Management KD 3.08 mn KD (0.53) mn Interest and Dividend KD 0.36 mn increased by 14% from KD 2.77 mn
Slide 4: Q1 2022 Results Summary and Chairman Comments
Kuwait, 17 May 2022 - Kuwait Financial Centre “Markaz” (KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ:KK) reported its financial results for quarter ended 31 March 2022 with Total Revenues of KD 12.24 million, up by 49% y-o-y, as compared to KD 8.23 million in Q1 2021. Markaz delivered a Net Pro
Slide 5: Markaz Overview
Leading market position Sustainable long-term shareholder Building a sustainable economy in Our Team - cornerstone of our As one of the region’s leading returns Kuwait success asset management and investment Generates sustainable long-term Endeavors to actively participate in A team of 150+ employee
Slide 6: Business Lines and Regional Presence
Germany US Poland Turkey Kuwait Qatar Bahrain Oman KSA India UAE Egypt Lebanon Equity Fixed Income MENA Real Estate Investments International Real Estate Investment Banking Advisory Offices
Slide 7: Awards and Recognition
Best Investment Bank Best Asset Manager Best Investment Bank in Kuwait in Kuwait By: Global Finance By: EMEA Finance By: EMEA Finance MENA Real Estate Asset Manager Sustainability of the Year By: Global Investor Magazine By: EMEA Finance Note: * denotes awards won in 2021
Slide 8: Asset Management and Real Estate Investments
Asset Management Real Estate Investments GCC Equity Funds, Fixed Income Fund, Others: Middle East and North Africa, International: Total AUM of KD 868 million Total AUM of KD 302 million Asset management continues to implement Markaz’s long term bottom up investment approach along with MENA Real E
Slide 9: Investment Banking and Research
Investment Banking Research M&A, Advisory, Equity & Debt Capital Markets, IPOs and Mena focused Research, Consulting Services: restructuring: Publishes MENA focused research reports and GCC IPO and M&A activity recovered in 2021 and bespoke consulting services for over a decade momentum continue
Slide 10: Q1 2022 Revenue and Net Profit Trends
Q1 2022 Revenues growth on y-o-y basis Q1 2022 Net Profit (KD 000’s) Total Revenue increase primarily driven by strong The net profit increase due to increase in revenues performance across equity markets and positive fair value adjustment of financial assets Management Fees & Commissions have
Slide 11: Return on Equity and Dividend Per Share
Return on Equity1 Dividend Per Share and Payout Return on Equity of 17.4 % in 2022 was primarily due The AGM approved a cash dividend of 10 Fils per to a gain arising from financial assets at fair value share and 5% bonus shares. Total dividend of 15 Fils through P&L. per share with a payout of
Slide 12: Profit & Loss Key Metrics
Period Ended Y-o-Y (KWD 000's) Growth Q1 2022 Q1 2021 (%) Management Fees and Commission 3,143 2,768 14% Q1-2021 Revenue Analysis Interest income 105 133 (21%) Dividend income 257 238 8% Gain/(loss) from investments at fair value through P/L 7,740 4,720 64% Gain from Investments at Fair Value throug
Slide 13: Balance Sheet Key Metrics
(KWD 000's) March Dec March 2022 2021 2021 ASSETS Asset Under Management Cash and bank balances 11,847 10,497 7,979 Time deposits 98 106 3,031 Investments at fair value through profit or loss 116,282 111,618 97,120 Q1 2022 AUM Q1 2021 AUM Investments at fair value through OCI - - 406 KD 1,170 millio
Slide 14: Management Fees & Commission
Management Fees & Commission (KD 000’s) 14% Y-o-Y 9,812 7,013 4,987 2,768 3,143 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Asset Management Fees1 (KD 000’s) Investment Banking Fees (KD 000’s) 21% (71)% Y-o-Y Y-o-Y 8,789 1023 6,448 4,529 565 3,077 458 2,544 224 66 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022
Slide 15: Asset Management Fees, AUM and Annualized Fees
Asset Management Fees1 (KD 000’s) AUM (KD million) 1,170 3,143 2,768 2,799 2,219 1,053 1,041 2,026 1,037 988 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Annualized Management Fees (%) 1.03% 1.05% 0.90% 0.77% 0.73% Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 1. Asset M
Slide 16: Return on Principal Investments
Income Returns (KD 000’s) Investment Assets1 (KD million) 8,656 9,150 197 192 191 192 5,906 4,168 185 2,645 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Annualized Income Returns (%) 18.4% 18.8% 12.8% 8.9% 5.6% Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 1. Investment
Slide 17: Capital Structure and Returns
Return on Assets1 (%) March Dec March (KD 000's) 2022 2021 2021 9.0% 8.8% 8.6% Bank borrowings 21,700 25,280 14,871 7.1% 7.1% Due to Banks - 457 1,712 Bonds Issued 35,000 35,000 44,350 Total Debt 56,700 60,737 60,933 Cash and Bank Balance 11,847 10,497 7,979 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 T
Slide 18: Shareholders Information
Major Shareholders Corporate Information Major Shareholders Type % Holding Main Market – Boursa Kuwait Market Segment Listing (Sec Code: 213) Kuwait Pillars for Financial Investment Direct 29.70% Cash Dividend – 10 Fils Per Share Kuwait Financial Centre K.P.S.C / Clients Direct 5.45% 2021 Proposed D
Slide 19: Disclaimer
This document has been prepared by Churchgate Partners for Kuwait Financial Centre K.P.S.C. (“Markaz”) investors, solely for informational purposes. This presentation may contain statements that are not historical facts, referred to as “forward looking statements” .The information contained herein h
Slide 20: markaz.com
+965 2224 8000 | info@markaz.com markaz.com
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