Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — SHUAA Capital — Q1 2013 Earnings Presentation
29 slides from Shuaa Capital (p.s.c)'s earnings presentation, May 14, 2013
Slide 1: SHUAA Capital First Quarter 2013 Results
SHUAA Capital First Quarter 2013 Results 14 May 2013 Investment Banking | Capital Markets | Asset Management | Credit SHUAA Sy SSAA INOS SANS SOUSWAESSSTA TANS AAMAS TEN == ook ror) bores
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Cautionary Note Regarding Forward-Looking Statements ® This document and presentation contain forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectatio
Slide 3: Financial Results: Point of departure - 2013 Guidance
Financial Results Point of departure - 2013 Guidance 2012 Target 2012 Result , Net Profit/Loss AED (40)m to AED (60)m Operating Expenses AED (191)m Headcount- Restructuring Reduce to sustainable level Monthly Cash Burn(SC) ‘AED 3.0m by year-end ; Pay down bank debt Teverage Ratio Deleverage balance
Slide 4: First Quarter 2013 Progress Report for Investors
First Quarter 2013 Progress Report for Investors In line with 2013 Guidance Financial Highlights Net loss reducing 31% to AED 5.9m in Q1 2013 (AED 8.5m in Q1 2012), and 71% improvement versus Q4 2012 net loss of AED 20.7m. Operating expenses reduced by 33% to AED 40.7m from AED 61.1m in Q1 2012, pri
Slide 5: 2013 Financial Performance Highlights
2013 Financial Performance Highlights Q1 2013 REVENUES Q1 2013 TOTAL EXPENSES Q1 2013 NET PROFIT/LOSS Up 44% vs Q4 Flat 39M vs Q4 Up 71% vs Q4 Down 34% ys01 Down 37% vsa1 Up31 %Mvs01 Financial Highlights in AED Million 042012 Q1 2012 Page 5
Slide 6: Revenues and Cost Base
Revenues and Cost Base Visible impact of restructuring program Total Revenues Total Expenses in AED Million In AED Million 1Q 2012 1Q 2013 4Q 2012 1Q2013 1Q 2012 1Q 2013 4Q 2012 1Q2013 m Revenues = Total Expenses Y-o-Y Q0-Q Y-0-Y Q0-Q VU -34% +44% U,-37% > 0% Page 6
Slide 7: Performance Segmentation
Performance Segmentation Q1 2013 Summary P&L by Division Asset Investment ‘AED 00's Management Banking _Capital Markets Brokerage Lending Corporate Total Interest income 57 - 276 - 20311 1,776 22,420 Net fees and commissions 4,090 148 1,578 249 590 55 6,710 Trading income - - - - - - Gains from inve
Slide 8: Net Profit/Loss
Net Profit/Loss On track to achieve 2013 Earnings Guidance Net Profit/Loss In AED Million FY 2008 FY2009 FY2010 FY2011 FY2012 1Q2013 ny Aan (2938) (529.8) 2013E Guidance ™ SHUAA maintains its guidance for 2013 with a range between a net profit of AED 6m and a net loss of AED 18m. ™ The Equities busi
Slide 9: Cost Structure
Cost Structure Maintaining Cost Discipline is Key Operating Expenses Cost/Income Ratio (Operating Expenses/Revenues) In AED million In% 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 1Q11 2Q11 3Q11 4Q11_ 1Q12 2Q12 3Q12 4Q12 1013 Operating Expenses - 1Q 2013 annualized vs Guidance Compensation Ratio (C
Slide 10: 2013 Financial Performance Highlights
2013 Financial Performance Highlights Strong Balance Sheet — Financial Highlights in AED Million 31 December 2012 Installment credits, Loans and advances Total Liabilities Shareholder’s Equity Page 10
Slide 11: Strong Balance Sheet
Strong Balance Sheet Supported by deliberately reduced non-core assets SHUAA Group - Total Assets incl. Cash In AED Million 1Q11 2Q11 3Q11 4Q11_ 1Q12 2Q12 3Q12 4Q12 1Q13 mmm Total assets Cash and deposits with bank SHUAA Group- Total Liabilities In AED Million 1Q11 2Q11 3Q11 4Q11_ 1Q12 2Q12 3Q12 4Q1
Slide 12: Balance Sheet Management
Balance Sheet Management Reduce Loss-Leaders and Invest in Growth Private Equity Funds Leverage* Lending (GFC)* In AED Million In AED Million LU -80% ~ 68.9 — - 38.5 | 35.2 385 343 344 opp 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 Brokerage Margin Loans* In AED million Uy -93% “209.7 | 186.5 1Q11
Slide 13: Balance Sheet: Consolidated Financial Position
Balance Sheet Consolidated Financial Position 30Jun 30Sep 31Dec 31Mar Mar 2013 vs AED Thousands 2012 2012 2012 2013 Dec 2012 Cash and deposits with banks 272,188 343,615 423,317 289,920 (133,397) Receivables and other debit balances 78,960 29,449 21,569 17,173 (4,396) Installment credits, loans and
Slide 14: SHUAA Operating Model
SHUAA Operating Model Maintain Equities Capabilities and Focus on Growth in Credit Se Non-Core Assets Treasury Executive Management Support Functions Page 14
Slide 15: Strategic Roadmap
Strategic Roadmap SHUAA is extremely well positioned to benefit from the market cycle Equities Credit Equities Credit Equities Credit Equities Credit 2008 2012 2016 2020 ) AED 1.43bn assets vs. AED 202.6m liabilities - Debt/Equity Ratio at 0.07x Balance Sheet AED 289.9 m cash is solid foundation to
Slide 16: SHUAA Share Update
SHUAA Share Update Significant liquidity increase and reduced bid/ask spreads SHUAA Cumulative Trading Volume In Millions of Shares (YTD 13 May 2013) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec ——2012 —m—YTD 2013 SHUAA Average Bid/Ask Spread In basis points SHUAA Share Data As of 13 May 2013 Sha
Slide 17: SHUAA Capital - Company Overview
SHUAA Capital - Company Overview sseee 3383s sess
Slide 18: Introduction to SHUAA
Introduction to SHUAA Fully-Integrated Investment Banking Service Provider Regional Perspective - International Calibre Team Capital Markets 211 employees "= Credit = Corporate = Capital Markets Investment Asset = Investment Banking Banking Management = Asset Management Office Presence: = Dubai, Abu
Slide 19: Introduction to SHUAA
Introduction to SHUAA Commitment to excellence and client-centric solutions Culture Competitive Positioning Client Value Add = Publicly listed investment bank = Heritage = Strong regional perspective » Here since 1979 - Here to stay = Major regional player = Safety = International calibre teams » Ve
Slide 20: Introduction to SHUAA
Introduction to SHUAA Local and International expertise as a key client benefit Board of Directors Executive Chairman—HH Sheikh Maktoum Hasher Al Maktoum (Member of Dubai’s Ruling Family) Vice Chairman - Hamad Al Sager (Managing Partner of A.H. Al Sagar & Bros Kuwait - ChevronTexaco, Microsoft, Hone
Slide 21: Recognition & Awards
Introduction to SHUAA Recognition & Awards (selection) SHUAA a GULF FINANCE sue SHUAA DEM SHUAA Best SME ‘ Best Middle East Most Active IPO ioeay , Finance Compan: Equity House Lead Manager ier ai Pany OPEN FOR BUSINESS a -2012- -2008- -2010- Cy GULF FINANCE te SHUAA = SHUAA EUROMONEY) MENA Best Bus
Slide 22: Credit
Credit = Credit Investment Strategies = Credit Funds = Debt Advisory = Restructuring = Debt Placement Asset Management Advisory Commercial Finance Consumer Finance Asset finance Invoice finance Corporate deposits Financial guarantees Small business loans Marine finance Personal loans Branded lending
Slide 23: Investment Banking
Investment Banking Equity Research = Sector Notes = Company Research = Daily/ Weekly Notes Research Capital Raising = Initial Public Offerings = Privates Placements = Mezzanine Financing Mergers & Acquisitions = Buy-/Sell-side Advisory Advisory = Leveraged Buy-outs = Divestitures = Transaction Struc
Slide 24: Investment Banking: Selected Transactions
Investment Banking Selected Transactions Initial Public Offerings Lead Manager, Bookrunner Financial Advisor to small, medium and large transactions M&A Advisory Established expertise in regional small and medium-sized transactions across various industries —— NMC Health ple NMCE health GBP 117,000,
Slide 25: Investment Banking: SME Advisory Initiative
Investment Banking SME Advisory Initiative pusalsme OS Business Valuation & Fairness Opinions For small and medium- sized companies ——* The Jam Jar L.L.C. (Member ofthe SME 100 Program) thejamjar Valuation Assessment Intercoil International Co, Lic (Member ofthe SME 100 Program) i Intercoil Valuatio
Slide 26: Capital Markets
Capital Markets Global Market Access & Execution Portfolio Advisory Services Settlement Financing Margin Facilities Sales & Trading Global Equities Global Fixed Income Primary Issues OTC Derivatives Access to liquidity through an extensive network of local and international counterparties Consolidat
Slide 27: Investment Research
Investment Research Fundamental Daily and Weekly Pan-Arab Investment Advice Sector and Strategy Research Company Research Coverage SHUAA aia "3SHUAA sun Sectors z Banking Construction Consumer Healthcare Real Estate Transport & Logistics Telecommunications Utilities Corporate Access SHUAA Page 27
Slide 28: Asset Management
Asset Management Longest regional performance track record Consistent Outperformance of benchmark and peers FUND INCEPTION NAV DATE NAV/S CRS % %YTD BENCHMARI Arab Gateway Fund 17 Dec 1999 30 April 2013 USD 26.19 161.90% 13.48% 5.07% Emirates Gateway Fund 17 Apr 2002 30 April 2013 AED 8.876 255.04%
Slide 29: For additional information contact:
For additional information contact: Oliver Schutzmann Head of Investor Relations & Corporate Communications SHUAA Capital psc Emirates Towers Offices, Level 31 PO Box 31045 Dubai United Arab Emirates M: +971 50 640 5722 E: oschutzmann@shuaa.com