Boubyan Petrochemical Co. (k.s.c.) · KSE:BPCC
Boubyan Petrochemical Co. (k.s.c.) — Boubyan Petrochemical Company — Q1 2019/20 Earnings Presentation
8 slides from Boubyan Petrochemical Co. (k.s.c.)'s earnings presentation, Jul 31, 2019
Slide 1: Boubyan Petrochemical Company Investor Update – 31 July 2019 results
Boubyan Petrochemical Company Investor Update – 31 July 2019 results
Slide 2: Boubyan Petrochemical Company – 1Q19/20 results
Boubyan Petrochemical Company – 1Q19/20 results • Boubyan continued to expand its Non-Equate income streams during 1Q19/20 which increased its resilience to the cyclicality of the petrochemicals industry Business • In 1Q19/20, Boubyan participated in the capital increase of its associate Warba Capit
Slide 3: Core Investments Updates (1/2)
Core Investments Updates (1/2) • AlKout reported net income of KWD1.3m as of 2Q19, compared to KWD1.6mn in 2Q18. This was mainly due to declining commodity prices (e.g. caustic soda) • In July 2019, AlKout successfully signed three tenders with the Ministry of Electricity and Water for a total value
Slide 4: Core Investments Updates (2/2)
Core Investments Updates (2/2) • In 2Q19, Nafais’ net income declined to KWD1.68mn during the same period from KWD2.05 last year mainly due to a general increase in staff costs. • In 3Q19, EDU reported a net income of KWD2.3mn, compared to KWD1.8mn in 3Q18 • SAMA 2019 Q2 NI KWD2.08mn Vs. KWD1.95mn l
Slide 5: Boubyan's investment portfolio reached KWD500mn as of 1Q19/20
Boubyan’s investment portfolio reached KWD500mn as of 1Q19/20 Amounts in KWD, millions EQUATE Ownership Carrying Value EQUATE 9.0% 173.4 The Kuwait Olefins Company (TKOC) 9.0% 131.8 The Equate group 305.2 Core 22% Core Investments Ownership Carrying Value EDU 83.0% 35.4 Al Kout 54.2% 27.5 EYAS 55.6%
Slide 6: Boubyan achieved a net income of KWD2.2mn in 1Q19/20, compared to KWD1.4mn in 1Q18/19
Boubyan achieved a net income of KWD2.2mn in 1Q19/20, compared to KWD1.4mn in 1Q18/19 EPS Contribution Income (KWD, thousands) 1Q18/19 1Q19/20 1Q18/19 1Q19/20 Commentary EDU 1,489.9 1,917.2 2.88 3.69 • Boubyan’s core investments Al-Kout 727.6 819.4 1.40 1.58 achieved a total income of EYAS - 659.3 -
Slide 7: Core investments income grew to KWD3.9mn in 1Q19/20 from KWD2.5m in 1Q18/19
Core investments income grew to KWD3.9mn in 1Q19/20 from KWD2.5m in 1Q18/19 Amounts in KWD, thousands 39 16 92 (296) 3,905 427 488 659 2,480 1Q18/19 EYAS Muna Noor EDU Al-Kout Al-Borg Awazel Nafais 1Q19/20 core core investm Investment ents income income 1Q18/19 core Investment income 7
Slide 8: Q&A Thank you
Q&A Th a n k yo u
Boubyan Petrochemical Company — Q1 2019/20 Earnings Presentation on 6ix