Boubyan Petrochemical Co. (k.s.c.) · KSE:BPCC
Boubyan Petrochemical Co. (k.s.c.) — Boubyan Petrochemical Company — Q3 2019/20 Earnings Presentation
8 slides from Boubyan Petrochemical Co. (k.s.c.)'s earnings presentation, Jan 31, 2020
Slide 1: Boubyan Petrochemical Company Investor Update – 31 January 2020 results
Boubyan Petrochemical Company Investor Update – 31 January 2020 results
Slide 2: Boubyan Petrochemical Company – 3Q19/20 results
Boubyan Petrochemical Company – 3Q19/20 results • Continued strong operational and financial performance across the core investment portfolio Business Highlights • Significant progress on BPC’s 2020 vision: to achieve KWD20mn from the core investment portfolio (excluding EQUATE Group) • Divestment o
Slide 3: Core investments updates (1/2)
Core investments updates (1/2) • In 1Q19/20, EDU’s profitability remained steady with KWD2.1mn in reported net income • Several undergoing projects across the schools that are expected to improve operational performance and positively reflect the company’s bottom line in the future • EYAS’s net inco
Slide 4: Core investments updates (2/2)
Core investments updates (2/2) • Awazel reported a net income of SAR10.5mn in 3Q19/20 compared to SAR7.4mn in 3Q18/19 • The company’s sales have improved across the region. • Al Borg reported losses of SAR6.0mn in 4Q19 • However, the Company reported a positive net income of SAR 49.4mn for FY 2019 c
Slide 5: Boubyan's investment portfolio reached KWD481mn as of 3Q19/20
Boubyan’s investment portfolio reached KWD481mn as of 3Q19/20 Amounts in KWD, millions EQUATE Ownership Carrying Value EQUATE 9.0% 173.3 The Kuwait Olefins Company (TKOC) 9.0% 131.7 14.1% The Equate group 305.0 Core Investments Ownership Carrying Value 22.5% EDU 83.1% 14.6 63.4% Al Kout 54.1% 32.2 E
Slide 6: Boubyan achieved a net income of KWD1.2mn in 3Q19/20 compared to KWD1.0mn
Boubyan achieved a net income of KWD1.2mn in 3Q19/20 compared to KWD1.0mn in 3Q18/19 KWD, thousands EPS Contribution Income 3Q18/19 3Q19/20 3Q18/19 3Q19/20 Commentary EDU 1,688.1 1,709.1 3.24 3.38 Nafais 317.1 690.3 0.61 1.36 • In 3Q19/20, Boubyan subscribed EYAS 459.8 450.7 0.89 0.89 to ARAMCO’s IP
Slide 7: BPC achieved recurring net income of KWD1.1mn in 3Q19/20
BPC achieved recurring net income of KWD1.1mn in 3Q19/20 Amounts in KWD, thousands 1,159.0 1,112.0 596.4 (1,852.1) 1,208.7 Reported Profit from sale Impairment of Unrealized losses Recurring net income net income of investments an associate • Sale of investments represent divestment of two non-core
Slide 8: Q&A Thank you
Q&A Th a n k yo u
Boubyan Petrochemical Company — Q3 2019/20 Earnings Presentation on 6ix