Boubyan Bank K.s.c. · KSE:BOUBYAN
Boubyan Bank K.s.c — Boubyan Bank — FY2024 Earnings Presentation
22 slides from Boubyan Bank K.s.c's earnings presentation, Feb 3, 2025
Slide 1: Cover letter to Boursa Kuwait
Te uLi4i_ig—s Boubyan Kuwait: 03/02/2025 Ref: 5936/2025 Mr. Mohammad Saud AI-Osaimi CEO Boursa Kuwait Dear Sir, PowerPoint Presentation of Analysts’ Conference Call for the Financial Year Ended December 31° 2024 Reference is made to the provisions of Article no. (8-4-2) of Boursa Kuwait Rulebook iss
Slide 2: Boubyan Bank Investor Presentation FY 2024 Results
Boubyan Bank Investor Presentation FY 2024 Results 3rd February 2025 Towards Perfection
Slide 3: Disclaimer
DISCLAIMER THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES N
Slide 4: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 5: Financial Highlights
Boubyan’s Performance & Strategy - At a Glance Financial Highlights Financial Snapshot Market Share (%) KD million FY 2024 FY 2023 Growth % Net Profit to shareholders 96.8 80.4 20% Operating Income 246.2 218.0 13% 11.7 11.9 Operating Profit 120.1 107.5 12% 9.3 11.3 12.6 Total Assets 9,377 8,405 12%
Slide 6: The Bank's Strategy Builds on Robust Domestic Foundations And Builds Its International Presence
The Bank’s Strategy Builds on Robust Domestic Foundations And Builds Its International Presence Strategic Objectives ▪ Maintaining Group’s position as a leader in customer service and enhancing the customer experience. ▪ Growing its market share as the bank of choice for affluent and youth customers
Slide 7: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 8: Profitability & Performance Ratio
Income Statement Analysis Profitability & Performance Ratio Net Profit (KD Million) Operating Profit (KD Million) 20% 12% 96.8 107.5 120.1 80.4 FY 2023 FY 2024 FY 2023 FY 2024 * Return on Average Equity (%) Return on Average Assets (%) 10.3 1.0 1.1 9.0 FY 2023 FY 2024 FY 2023 FY 2024 7 * Return on A
Slide 9: Operating income components and Net Profit Margins
Income Statement Analysis Operating income components and Net Profit Margins Operating Income (KD Million) Net Financing Income (KD Million) Operating income Net Financing Income 13% 16% 218.0 246.2 200.4 172.5 FY 2023 FY 2024 FY 2023 FY 2024 Composition of Operating Income % Net Profit Margin % Inv
Slide 10: Operating Costs & Efficiency
Income Statement Analysis Operating Costs & Efficiency Operating Costs (KD Million) Composition of Operating Costs % Staff costs General & Admin Depreciation 14% 13% 13% 29% 30% 110.6 126.1 58% 57% FY 2023 FY 2024 FY 2023 FY 2024 Operating Efficiency (%) Operating Costs to Average Assets (%) 50.7 51
Slide 11: Provisions & Related Ratios
Income Statement Analysis Provisions & Related Ratios Provisions* (KD Million) Specific* General** 31.7 -39% 8.7 19.3 11.8 23.0 7.5 FY 2023 FY 2024 Loss Ratio % Provisions to Operating Profit % 0.50% 29.5% 0.26% 16.1% FY 2023 FY 2024 FY 2023 FY 2024 10 * Specific Provisions are shown inclusive of EC
Slide 12: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 13: Assets & Sources of Funding
Balance Sheet Analysis Assets & Sources of Funding Total Assets (KD Million) Composition of Assets % Financing Portfolio 12% * Liquid assets Investments 3% 3% 3% 3% 19% 21% 8,405 9,377 75% 74% Dec-23 Dec-24 Dec-23 Dec-24 Sources of Funding (KD Million & %) Customer Deposits (KD Million) Equity MTN &
Slide 14: Financing Portfolio & Asset Quality
Balance Sheet Analysis Financing Portfolio & Asset Quality Financing Portfolio – KD Million Composition of Financing Portfolio % Retail Corporate 10% 38% 37% 6,321 6,924 62% 63% Dec-23 Dec-24 Dec-23 Dec-24 Non-Performing Financing Portfolio Loss Coverage Ratio NPL - KD Million NPL % 1.0% 1.0% 319% 3
Slide 15: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 16: Capital Adequacy
Capitalization & Leverage Capital Adequacy Capital Adequacy Ratio Leverage Ratio RWA - KD Million Total CAR 18.0% 17.9% 10.6% 10.0% 5,561 5,885 Dec-23 Dec-24 Dec-23 Dec-24 Composition of Regulatory Capital CET1 Additional Tier 1 Tier 2 7% 7% 14% 13% 79% 80% Dec-23 Dec-24 Source: Regulatory returns 1
Slide 17: Questions?
Questions? Towards Perfection
Slide 18: Appendix
Appendix Towards Perfection
Slide 19: Consolidated Financial Statements – FY 2024
Consolidated Financial Statements – FY 2024 CONSOLIDATED STATEMENT OF INCOME 31-Dec 31-Dec CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31-Dec 31-Dec KD Million 2024 2023 KD Million 2024 2023 Income Assets Islamic financing income 458.5 396.8 Cash and balances with banks 496 399 Deposits with Centra
Slide 20: Consolidated Income Statement
Consolidated Income Statement CONSOLIDATED STATEMENT OF INCOME 31-Dec 31-Dec 31-Dec KD Million 2024 2023 2022 Income Islamic financing income 458.5 396.8 283.7 Financing cost (258.1) (224.3) (116.5) Net finance income 200.4 172.5 167.2 Net investment income 11.2 15.2 6.8 Net fees and commission inco
Slide 21: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position KD Million 31-Dec 31-Dec 31-Dec 2024 2023 2022 Assets Cash and balances with banks 495.5 399.0 533.2 Deposits with Central Bank of Kuwait 125.1 219.0 247.8 Deposits with other banks 244.7 96.2 131.7 Islamic financing to customers 6,923.9 6,321.0 5,913.5 I
Slide 22: Thank You
Thank You Towards Perfection