Waha Capital Company · ADX:WAHA

Waha Capital — Q1 2018 Earnings Presentation

17 slides from Waha Capital's earnings presentation, May 2018

  1. Slide 1: Q1 2018: Earnings Presentation

    Q1 2018: Earnings Presentation May 2018 Principal Investments Asset Management

  2. Slide 2: Q1 2018 Highlights

    Q1 2018 Highlights  Q1 2018 net profit of AED 107 million compared to AED 88 million in Q1 2017, driven by Income from funds AED 117 million  QTD Return on Average Equity of 3.2% compared to 2.4% in the corresponding period of 2017  Total investments of AED 110 million into Capital market funds 

  3. Slide 3: Q1 2018 Financial Highlights

    Q1 2018 Financial Highlights All Rights Reserved © Waha Capital 2018

  4. Slide 4: Financial Highlights

    Q1 2018 Financial Highlights  Net profit of AED 107.4 million, compared to AED 87.6 million in Q1 2017 NET PROFIT  EPS of AED 0.06 compared to AED 0.05 in Q1 2017  Assets of AED 11.5 billion as at 31 March 2018 vs. AED 11.4 billion as at 31 December 2017, an increase of 1.6% AED 107m  23% vs. Q1

  5. Slide 5: Financial Highlights

    Q1 2018 Financial Highlights TOTAL INCOME TOTAL EXPENSES NET PROFIT  19%  5%  23% vs. Q1 2017 vs. Q1 2017 vs. Q1 2017 AED MILLIONS Q1 2018 Q1 2017 Total Income 316 266 Expenses - Parent (53) (59) Expenses - Subsidiaries (107) (109) Non Controlling interest (49) (10) Net Profit attributable to sha

  6. Slide 6: Financial Highlights

    Q1 2018 Financial Highlights TOTAL ASSETS MARKET CAP(1) DEBT CASH AED 11.5bn AED 3.5bn AED 6.5bn AED 605mn AED MILLIONS 31 MAR 2018 31 DEC 2017 Cash 605 520 Investments in equity-accounted investees & Assets held 4,900 5,540 for sale Investment Property 763 759 Other Investments(2) 4,336 3,818 Other

  7. Slide 7: Q1 2018 Business Highlights

    Q1 2018 Business Highlights All Rights Reserved © Waha Capital 2018

  8. Slide 8: Principal Investments - AerCap

    Q1 2018 Business Highlights Principal Investments - AerCap  During the period, the Group disposed 3.77 million shares equivalent to 2.47% stake in Aercap for a consideration of AED 722.1 million, resulting in the recognition of gain on Q1 2018 KEY HIGHLIGHTS  Net income of $265.4 million, compared

  9. Slide 9: Principal Investments – Dunia Finance

    Q1 2018 Business Highlights Principal Investments – Dunia Finance NET INTEREST INCOME DEPOSITS NET LOAN BOOK  2.3%  3.7%  3.6% vs. Q1 2017 vs Q1 2017 vs. Q1 2017 OVERVIEW Q1 2018 KEY HIGHLIGHTS (1)  Abu Dhabi-based consumer finance company established in 2008 with initial paid up capital of AED

  10. Slide 10: Principal Investments – NPS Holdings Limited

    Q1 2018 Business Highlights Principal Investments – NPS Holdings Limited TOTAL REVENUE CONTRACTS IN PROGRESS TOTAL ASSETS  40% AED 2.1bn IN LINE vs. Q1 2017 As at 31 Mar 2018 vs. FY 2017 OVERVIEW Q1 2018 KEY HIGHLIGHTS  Regional leading provider of oilfield services  Secured & extended contracts

  11. Slide 11: Principal Investments – Waha Land

    Q1 2018 Business Highlights Principal Investments – Waha Land NET REVENUE NET PROFIT FUNDING SECURED 11%  84% AED 426mn vs. Q1 2017 vs. Q1 2017 for stage 2 OVERVIEW Q1 2018 KEY HIGHLIGHTS  Waha Capital received 6 km2 of land grant from the  The construction of Stage 2a is completed (92,500 m 2 o

  12. Slide 12: Principal Investments – Channel VAS Investments Limited

    Q1 2018 Business Highlights Principal Investments – Channel VAS Investments Limited NET REVENUE DIVIDEND CONFIRMED SUBSCRIBERS AED 42mn AED 9.2mn +500mn Q1 2018 Q1 2018 OVERVIEW Q1 2018 KEY HIGHLIGHTS  In September 2017, Waha Capital acquired a 19.41% stake in Dubai-  Revenue of AED 42.4 million,

  13. Slide 13: Asset Management – Funds

    Q1 2018 Business Highlights Asset Management – Funds CEEMEA FIXED INCOME CEEMEA FIXED INCOME MENA EQUITY MENA EQUITY RETURN RETURN RETURN RETURN  4.1%  132.7%  10.8%  124.2% Q1 2018 Since inception Jan 2012 Q1 2018 Since inception Jan 2014 CEEMEA FIXED INCOME FUND MENA EQUITY FUND  The fund foc

  14. Slide 14: Asset Management – Funds

    Q1 2018 Business Highlights Asset Management – Funds MENA VALUE FUND* CREDIT OPPORTUNITIES FUND PRIVATE EQUITY  Initial seed capital of AED 184  Establishing Credit Opportunities  Private Equity portfolio includes million ($50 million) deployed Fund by committing AED 184 million investment in Ang

  15. Slide 15: Asset Management – Private Equity – Anglo Arabian Healthcare

    Q1 2018 Business Highlights Asset Management – Private Equity – Anglo Arabian Healthcare TOTAL REVENUE TOTAL ASSETS EQUITY 15% 10% IN LINE Vs. Q1 2017 vs. Q1 2017 vs. Q1 2017 OVERVIEW Q1 2018 KEY HIGHLIGHTS  UAE healthcare company, with an initial focus on hospitals, clinics,  Consolidated reven

  16. Slide 16: Summary & Outlook

    Summary & Outlook  Recalibration of performance across all segments in Q1 2018, in line with the revenue diversification strategy.  Core Principal Investments portfolio complemented by the Asset Management Business to accelerate revenue diversification  Investment strategy remains highly focused

  17. Slide 17: Disclaimer

    Disclaimer This document is not and does not form part of any offer for sale or solicitation of any offer to subscribe for or purchase any securities and is furnished solely for the informational purposes of the addressee. This document is confidential and may not be reproduced or further distribute

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