Kuwait Financial Centre Kpsc · KSE:MARKAZ

Kuwait Financial Centre Kpsc — Q1 2023 Earnings Presentation

20 slides from Kuwait Financial Centre Kpsc's earnings presentation, May 2023

  1. Slide 1: Earnings Presentation Q1 2023

    Earnings Presentation Q1 2023 j—4y—al| MARKAZ|

  2. Slide 2: Contents

    Q1 2023 Performance Highlights .…………........................... 3-4 Markaz Overview ............................................................. 5-7 Business Highlights .…………................................................ 8-9 Financials Trend .…………..................................................

  3. Slide 3: Profit and Loss Highlights

    Profit and Loss Highlights KD 1.19 mn Total Revenue KD 1.82 mn KD (0.84) mn Management Fees & Commission Return on Principal Investments Net Rental Income KD 0.87 mn Management Fees & Commission declined Asset Management KD 1.75 mn KD 0.22 mn Interest and Dividend KD 0.53 mn by 42% from KD 3.14 mn i

  4. Slide 4: Q1 2023 results press summary

    Kuwait, 09 May 2023 - Kuwait Financial Centre “Markaz” (KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ: KK) reported its financial results for the quarter ended 31 March 2023 with Total Revenues of KD 1.19 million, as compared to KD 12.24 million in Q1 2022. The decline is primarily attributable

  5. Slide 5: Markaz Overview

    Leading market position Sustainable long-term shareholder Building a sustainable economy in Our Team - cornerstone of our As one of the region’s leading returns Kuwait success asset management and investment Generates sustainable long-term Endeavors to actively participate in A team of 150+ employee

  6. Slide 6: Markaz business lines and offices

    Germany US Poland Turkey Kuwait Qatar Bahrain Oman KSA India UAE Egypt Lebanon Equity Fixed Income MENA Real Estate Investments International Real Estate Investment Banking Advisory Offices

  7. Slide 7: Awards and recognition

    Best Private Bank Best Investment Bank Best Asset Manager / Best Private Bank in Kuwait in Kuwait Best Investment Bank in Kuwait In Kuwait By: Global Finance By: Global Finance By: EMEA Finance By: WealthBriefing Kuwait Wealth Manager of Middle East’s Best Best Domestic Private Bank 2022 Market Lead

  8. Slide 8: Asset Management and Real Estate Investments

    Asset Management Real Estate Investments GCC Equity Funds, Fixed Income Fund, Others: Middle East and North Africa, International: Total AUM of KD 796 million Total AUM of KD 331 million  Asset management continues to implement Markaz’s long term bottom up investment approach along with MENA Real E

  9. Slide 9: Investment Banking and Research

    Investment Banking Research M&A, Advisory, Equity & Debt Capital Markets, IPOs and Mena focused Research, Consulting Services: restructuring:  Publishes MENA focused research reports and bespoke consulting services for over a decade  GCC IPO and M&A activity exhibited a favorable trajectory throug

  10. Slide 10: Q1 2023 Revenues and Net Profit

    Q1 2023 Revenues growth on y-o-y basis  Total Revenue decrease was primarily because the Q1 2023 Net Profit (KD 000’s) reduction of 136% in the gain from financial assets fair value comparing to Q1 2022, further the decline in Asset  The net profit decrease due to decrease in revenues Management F

  11. Slide 11: Return on Equity and Dividend Per Share

    Return on Equity1 Dividend Per Share and Payout  Return on Equity of (8.3)% on LTM basis as it was  Board of Directors proposed a cash dividend of 5 Fils impacted due to a significant loss arising from per share a payout of 83% on the EPS financial assets at fair value through P&L  In 2023, the A

  12. Slide 12: Q1 2023 Revenue Analysis

    Period Ended Y-o-Y (KWD 000's) Growth Q1 2023 Q1 2022 (%) Q1 2023 Revenue Analysis Management Fees and Commission 1,816 3,143 (42%) Interest income 209 105 99% Dividend income 322 257 25% (Loss)/ Gain from financial assets at fair value through P/L (2,836) 7,731 (137%) (Loss)/ Gain from financial li

  13. Slide 13: Balance sheet, AUM and book value per share

    (KWD 000's) Mar Dec Mar 2023 2022 2022 ASSETS Asset Under Management Cash and bank balances 17,176 15,112 11,847 Time deposits 1,502 2,104 98 Investments at fair value through profit or loss 104,246 105,069 116,282 Q1 2023 AUM Q1 2022 AUM Investments carried at amortized cost 4,011 1,976 2,146 KD 1,

  14. Slide 14: Management Fees and Commission

    Management Fees & Commission (KD 000’s) (42)% CAGR 3,143 3,304 2,857 1,965 1,816 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Asset Management Fees1 (KD 000’s) Investment Banking Fees (KD 000’s) (43)% (3)% CAGR CAGR 315 3,077 2,989 2,665 192 1,867 1,752 98 66 64 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1

  15. Slide 15: Asset Management Fees, AUM and annualized fees

    Asset Management Fees1 (KD 000’s) AUM (KD million) 1,170 3,077 2,989 1,161 2,665 1,154 1,867 1,142 1,752 1,126 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Annualized Management Fees (%) 1.05% 1.05% 0.92% 0.65% 0.62% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 1. Asset

  16. Slide 16: Return on Principal Investments

    Income Returns (KD 000’s) Investment Assets1 (KD million) 9,150 196 195 3,849 194 191 187 (1,392) (846) (4,750) Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Annualized Income Returns (%) 18.8% 7.9% (2.8)% (1.8)% (9.8)% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 1. Inv

  17. Slide 17: Capital Structure and Returns

    Return on Assets1 (%) Mar Dec Mar (KD 000's) 2023 2022 2022 8.6% Bank borrowings 30,376 29,015 21,700 3.3% Due to Banks - - - 1.4% 0.8% Bonds Issued 35,000 35,000 35,000 Total Debt 65,376 64,015 56,700 Cash and Bank Balance 17,176 15,112 11,847 (3.9)% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Time Dep

  18. Slide 18: Major Shareholders and Corporate Information

    Major Shareholders Corporate Information Major Shareholders Type % Holding Main Market – Boursa Kuwait Market Segment Listing (Sec Code: 213) Kuwait Pillars for Financial Investment Direct 29.70% Al Mubader Co Direct 5.13% 2022 Proposed Dividends Cash Dividend – 5 Fils Per Share KD 35,000,000 unsecu

  19. Slide 19: Disclaimer

    This document has been prepared by Churchgate Partners for Kuwait Financial Centre K.P.S.C. (“Markaz”) investors, solely for informational purposes. This presentation may contain statements that are not historical facts, referred to as “forward looking statements” .The information contained herein h

  20. Slide 20: markaz.com

    +965 2224 8000 | info@markaz.com markaz.com

Kuwait Financial Centre K.P.S.C. (Markaz) — Q1 2023 Earnings Presentation on 6ix