International Financial Advisors Holding K.p.s.c. · KSE:IFA
International Financial Advisors Holding K.p.s.c — International Financial Advisors — Investor Presentation (October 2009)
56 slides from International Financial Advisors Holding K.p.s.c's investor presentation, October 2009
Slide 1: Investors Presentation October 2009
A Sy IN ALLA 2 INTERNATIONAL FINANCIAL ADVISORS INTERNATIONAL FINANCIAL ADVISORS CO. Maintaining Values and Creating Value Investors Presentation October 2009
Slide 2: Content
Content » Our Consortium » International Financial Advisors (IFA) » Who We Are » Our Mission » Our Vision » Our Strategy » Our Board Members » Our Executive Team » Our Performance » Asset Management » Real Estate » Consumer Finance » Capital Transaction » Warehoused Investments * Strategic Investmen
Slide 3: IFA Consortium: Industry Presence
IFA Consortium: Industry Presence Investments Consum . Real Estate Insurance _ Travel & Leisure Services Finance Own Operations IFA (Asset IFA H&R (Hotels First Takaful International IFA Travel & Tourism Management, . : : & Resorts Insurance (Islamic Finance Co. (Travel Agency | Sarporate binatice D
Slide 4: IFA Consortium: Geographical Presence
IFA Consortium: Geographical Presence Investments 2 caries Real Estate Consumer Finance Insurance Travel & Leisure GCC GCC Gcc Gcc GCC MENA MENA MENA MENA MENA Europe South Africa Caribbean USA Indian Ocean Europe Europe USA USA
Slide 5: IFA's Execution Strengths
IFA’s Execution Strengths Established Brand Name Third largest group Successful on Kuwait Stock track-record in Exchange capital transactions Experience in successful partnering with foreign Strong Balance Sheet institutions targeting the MENA regcn Wide presence and network across GCC
Slide 6: Financial Snapshot
Financial Snapshot Bank Loans & Bonds Issued 588 184 184 42 153 o 125 o fe] 1276 gneeens BeBondssissuedh neg 23% 85% 71% 66% 0% 74% 0% 0% 43% Book value /share ($) 0.75 0.85 0.70 0.58 os9 0.41 0.56 037 0.50 Market Price ($) 0.55 2.78 1.00 0.94 039 1.56 0.34 0.34 0.30 Price to Book 0.73 3.27 1.43 1.6
Slide 7: International Financial Advisors (IFA)
International Financial Advisors (IFA)
Slide 8: IFA is a Kuwaiti closed shareholding company incorporated in 1974
IFA is a Kuwaiti closed shareholding company incorporated in 1974. It Provides financial advisory services related to trading in local and international securities , Managing Funds, portfolios and Investment in properties. IFA is the investment flagship Company of Al-Bahar consortium , a conglomerat
Slide 9: Our Vision
Our Vision Making our motto “Maintaining values and creating value" a day to day reality through our constant emphasis on Trust, Long term client relationships , Ethical attitude, Creativity and innovation. IFA endeavors to be the preferred middle eastem gateway for investors, desirous to invest in
Slide 10: Our Strategy
IFA's investment strategy is based on two pillars , the first pillar focused on finandal investments with the emphasis on Asset Management , Funds, Financial Services and Direct Investments. The second is focused on the hospitality industry with the emphasis on a diversified geographically portfolio
Slide 11: Our Mission
Our Mission To maintain and consolidate our position as a leading finandal services company. To capitalize on the strengths of IFA’s Group and It's consortiumin order to offer ourclients avery comprehensive value added platform including Asset Management, Brokerage Services, Corporate Finance ,Advis
Slide 12: Our Board Members
Our Board Members Talal Al-Bahar Saleh Al-Selmi Chairman & CEO Deputy Chairman & Deputy CEO Abdulwahab Al-Nakib Ibrahim Al-Therban Wafaa Al-Qatami Board Member Board Member Board Member
Slide 13: Our Executive Team
Our Executive Team Bassel Attieh Abdulah Al-Khezam Shafik Hassib Abdulsalam Abdul Kareem Khaled Al Awadhi Rami Khaled Ali
Slide 14: Our History
4S NO YHV4dl 40 440 NidS Our History W4d NO V4l 40 ONILSII dNOYD JHLAP YIAO DVL 4S NO V4l JO ONILST Vdl JO LNAWHSMNEVLS4 17 2002 | Ea 2006 | 1974
Slide 15: Our Growth
Our Growth 2500 7 120% + 100% + 80% + 60% + 40% + 20% + 0% + =20% 2000 1500 1000 7 i 0 2004 2005 2006 iN — IFA Assets IFA ROE | 40% 2007 2008 Jun 09
Slide 16: Performance Analysis
Performance Analysis Earnings Per Share Earnings Per Share Net Contribution By Segment Contribution By Segment Excl. Asset [mpairments - ~90 Fils/Share 35.9 Fils/Share 60% 110% 40% cums «4.4 Fils/Share 90% 20% C4 a -4.9 Fils/Share 0%
Slide 17: IFA's Consolidated Performance Summary
IFA’s consolidated Performance Summary - EPS loss in 2008 amounted to 90 fils per share due mainly to impairment charges and mark to market losses on our investment business. - Excluding impairment charges and mark-to market losses, EPS in 2008 is 35 fils per share. - Contribution to EPS from the Re
Slide 18: Our Business Lines
Our Business Lines
Slide 19: Content
Content - Asset Management » Real Estate » Consumer Finance » Capital Transactions
Slide 20: Asset Management Infrastructure and Distribution support
Asset Management Infrastructure and Distribution support
Slide 21: Existing Funds
Existing Funds IFA Capital Guaranteed Fund* Type : Traditional Capital Guaranteed Markets Invested in :U.S., Europe, China, & India Returns Since Inception : -21% L Inception Date : December 2007 IFA Investment Fund Type : Relative Return Return Since Inception : 81% Markets Invested in : Kuwait Inc
Slide 22: Funds Under Development
Funds Under Development IFA Real Estate Condo Fund The Fund is based on the Condo Hotel Concept , a very exciting and high growth segment of thereal estate market.A Condo hotel operates just like any regular hotel; however, the units are individually owned. The owner of the condo receives the unit i
Slide 23: Content
Content - IFA Hotels & Resort s Executive Summary * Overview » Strategic Partners » Global foot Print » Project In Progress
Slide 24: IFA Hotels & Resorts is a leader in real estate development
IFA Hotels & Resorts is a leader in real estate development, specialising in premier integrated and mixed-use hotel and tourism resort projects throughout the Middle East, Europe, Africa, the Indian Ocean region, Asia and North America. IFA Hotels & Resorts is listed on the Kuwait Stock Exchange in
Slide 25: Overview
Overview 400 FAp«a 350 Unit Sales fa Ss i | A 300 SLaaally GLA 250 HOTELS & RESORTS 200 150 100) a 46 Projects 50 o 2004 2005 2006 2007 (USD Millions) 13 Countries 20 Hotels Financial Performance 1400 4 Continents 1200 1000 800 Over 13,750 Keys 600 400 200 ° (USD Millions) 2006 2007 2008 2009 m Asse
Slide 26: Real Estate Sector
Real Estate Sector clic, Gla HOTELS & RESORTS by Asset Class
Slide 27: Global Foot Print
Mexico @ Caribbean @ S Future Development Markets Global Foot Print Netherland ie mee Croatia / Montenegro @ Portugal @ Turkey @ Morocco @ *banon @ Kuwait @ UAE @ Oman @ Kenya @ anzania @ <, Brazil @ Nar Mauritius @ Thailand @ India @ South East Asia
Slide 28: Investors / Partners
Investors / Partners “141 p UNITED INVESTMENTS PORTUGAL RAIMON LAND EBRELATED developing @ beter environment Ohithaver®2 List iA Strategic Partners Hotel Operators HOTELS & RESORTS © Sheraton HOTELS & RESORTS & Four SEASONS Hotels and Resorts ie) Sun International HOTELS & RESORTS - ™“M MOVENPICK =)
Slide 29: Golden Mile
————— —- Golden Mile Palm Jumeirah Customers started moving in during May 2009 Sairmont RESIDENCES PALM JUMEIRAH All building work completed. Client handover to start during Q4 2009. Suirmont PALM JUMEIRAH DUBAI Hotel to open during Q4 2010
Slide 30: Laguna Tower
LAGUNA TOWER Residents will start moving in during Q1 2010. Hotel planned to open soon after. Phase 1 handover during Q4 2009
Slide 31: Zimbali Resort
(Suirmong ZIMBALI RESORT SOUTH AFRICA Hotel opening during Q4 2009 Suirmont HERITAGE PLACE ZIMBALI SOUTH AFRICA Kempinski Mokuti Lodge, Namibia HOTELS & RESORTS Customers started receiving their keys during July 2009
Slide 32: Northpoint
[ith IVE Delivery set for Q1 2011 Northpoint ABSOLUTE BEACHFRONT LIVING Structure works complete. Client handover during Q4 2009.
Slide 33: Content
Content » International Finance Company » Market share » Financial Performance
Slide 34: International Finance Company Overview
- IFC was incorporated in 1980 as a Kuwaiti Shareholding Company; listed and traded on the Kuwait Stock Exchange (KSE) since 1996. - The Company is licensed, regulated and supervised by the Central Bank of Kuwait as an Investment Company spedalized in Consumer Financing. The company also holds an as
Slide 35: IFC Market Share
- IFC has more than 24,397 borrowers (with average credit size of KWD 3,491 per borrower), leading to highly reduced concentration risk. - The market in which IFC operates is fragmented between 6-7 companies mainly led by CFC and Kuwait Finance House (KFH). IFC has a market share of 5-6% of the dome
Slide 36: Financial Performance
Breakdown of loans by type KWD (in million) Net Profit from credit operations Gross loans %ROA Allowance for doubtful debt % of Gross loans Net Operating Income Net Profit/ (Loss) * Annualized Financial Performance 7.7 957 8% 9.3 9% 4.0 (15.6) 28 864 7%* 10.0 12% 14 4.0
Slide 37: Content
Content » Recently executed and upcoming Transactions
Slide 38: Recently Executed & Upcoming Transactions
Recently executed Transaction Counterparty & upcoming transactions Size (M USD Enterprise Value (M USD) Transaction arice/ share USD) IFA Hotels & Resorts Equity Market Addax Bank AlWaha Finance Merger of IIPCO & Al Diana Al Deera Sale of Gulf EFG-Hermes Brokerage Sale of IFC Global Invest. House We
Slide 39: Content
Content » Kuwait Clearing Company » First Takaful Insurance » Market & Marketing Services Co. (MMSC) + FASTtel co » Better Power Lines * ACS
Slide 40: Kuwait Clearing Company
Kuwait Clearing Company KCCis the central clearing, settlement and depository entity for Kuwait Clearing the Kuwaiti securities market. Services and Products offered: + Service Accounts » Register Services IFA ownership: 5% + Clearing & Settlement Services Consortium ownership 10% + Trustee Services
Slide 41: First Takaful Insurance
First Takaful Insurance First Takaful Insurance was established in the year 2000 as the first Islamic Taka ful Insurance Company in Kuwait. FTI was the first insurance company to list on the Kuwait Stock Exchange Founders of the Company included: Kuwait Finance House KFH International Financial Advi
Slide 42: Market & Marketing Services Co (MMSC)
Market & Marketing Services co (MMSC) was awarded a BOT concession of 19 years to build and operate a monopole market AEE hub for wholesale trading of fruits & vegetables in the area of Lo Sth Aodr SLD Sulaybiah in Kuwait. MMSC has issued and paid up capital of KD Mme 6 Memtery Somes Bo are 18.5 Mil
Slide 43: MMSC's Financial Performance
MMSC's Financial Performance Income Breakdown In '000 of K.Dinars - year ending 2010 Operating income 7.159 Growth EBITDA 4.355 % of total op. imome 6% EBIT 2.665 % of total op. income 37% Net income 1.801 % of total op income 25% Free Cash Flow 1.417 MMS monopoly position for 19 years allows for ex
Slide 44: FASTtelco
FASTteleco - FAST Telecommunication Company is a Telecom Service Provider in Kuwait with a paid up capitalof KD 10M, specializing in providing turnkey Internet, local and international data communication solutions as well as local and international termination services for foreign carriers. - Fastel
Slide 45: Better Power Lines
Better Power Lines - BPLG develops and deploys software applications and technology solutions to enhance the efficiency and reliability of utility networks on a global basis - Providing distribution intelligence solutions to manage demand and distributed capacity, improve service reliability and opt
Slide 46: Industry Issues Addressed by BPL
Industry Issues addressed by BPI Operations Center tt BETTER ® POWER LINES Contraticod Te cnewsevnbowes benny D bate tbecsterdd Plo rrenwente bey Dbet a Menetiones Restor thal ened Generation Grid Genwi ation & Storage Guia CEI Demand Transformer Montoring || Distebuted Energy | Retabuny Load Manage
Slide 47: BPO for Kuwaiti Government Traffic Violations
BPO for Kuwaiti Government Traffic Violations -|FAhas partnered withACS to bring to Kuwait ACS's Automated Traffic Enforcement & Monitoring (ATEM) Program * The project's cost is projected to be US$ 100M fully funded by Partners under a BOT concession + Program will potentially generate US $4.3B in
Slide 48: Strategic Investments
Strategic Investments
Slide 49: Content
Content » Kingdom Hotel Investments » Banco Comercial Portugese
Slide 50: Kingdom Hotel Investments
- KHI is a unique emerging markets hotel owner. Its portfolio of hotels has grown from 19 at the end of 2005 to 32+ today. Estimated NAV of hotels is in excess of US$ 1.3Billion (Source: Morgan Stanley) + KHI enjoys Unique portfolio of high-quality assets - Strong pipeline of projects - Strong focus
Slide 51: Banco Comercial Portugues
Banco Comercial Portugués + (BCP) isa leading Portuguese bank with a supranational identity. . " illennium Incorporated in 1985, the bank has been charting a successful growth through the world’s financial markets. BCP provides A vids Imepira-nos investment and asset management services, life insura
Slide 52: Strategic Alliances
Strategic Alliances IFA has formed several key strategic alliances with local and international entities in order to foster and expand its current activities and identify future value added opportunities around the globe.
Slide 53: Strategic Alliances logos
Pl Fr (Led Gir chads ALS wee pe UNITED INVESTMENTS Mets A entaty Boe fe anne FRSTtaico PORTUG@AL 2 = NDIN {Ss} oO & D > a — GEN Sheraton sTarwoop > Four SEASONS NAKHEEL SOWESO RESORTS MOVENPICK ed are’ Rasord mm - a sas = Rc 8) : RAMONTAND Obithaver List BRELATED La” 4 Sun International worse « asvo
Slide 54: Our Success Stories: Awards
iness Hotel ¢ YOTEL, the hotel group which draws on influences of the Year 2009 Japan, zirline travel and luxury yachts, have recently won Business Accommodation of the Year at the Busixess Travel World Awards 2009. The awards, organized by Business TravelWorld magazine, were founded to reflect the
Slide 55: Awards and Recognition
ucre Home ard 009 Best of the Best Resorts in Portugal 2008 Sucre Portugal Homes Best Property 00 Award of “Best Property 2007 cnBC International Property Awards — Pine Cliffs Residence - Show Apartment ravel + Leisure M 005 ine Elected the 53rd best hotel in Europe 2005 World Travel Award 2001/2002
Slide 56: Thank You
Thank You Info@ifakuwait.com www.ifakuwait.com
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