Boubyan Petrochemical Co. (k.s.c.) · KSE:BPCC
Boubyan Petrochemical Co. (k.s.c.) — Boubyan Petrochemical — FY2023/24 Earnings Presentation
12 slides from Boubyan Petrochemical Co. (k.s.c.)'s earnings presentation, May 21, 2024
Slide 1: Cover letter to Boursa Kuwait: Results of Analysts Conference
@ eer) CohaghewS9 Walt GLisgs AS pti BOUBYAN PETROCHEMICAL Co. (Ks.c.P) Date: 21 May 2024 2024 gale 21 :ay,ll Ref: CO/327/HT — NA CO/327/HT—NA: a>sh! To: Boursa Kuwait weal . 5 . Chafee! curgSIl Aye yg: / Bolus! Dear Sirs, vee mag Bale Anse Subject: Results of Analysts Conference Cpllel! sige gil :
Slide 2: Disclosure of Material Information Form
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Slide 3: Boubyan Petrochemical Company Investor Update – April 30th, 2024 results
Boubyan Petrochemical Company Investor Update – April 30 th , 2024 results
Slide 4: Boubyan Petrochemical Company – FY23/24 results
Boubyan Petrochemical Company – FY23/24 results • Income from core investments surged by 28% to reach KWD 20.4 million, marking a Business notable increase from KWD 16.0 million in the previous year. This growth was driven Highlights by the resilient financial performance of the education sector. Ad
Slide 5: Core Investments' Update (1/2)
Core Investments’ Update (1/2) • Eyas reported a net profit of KWD 2.6 mn in 2Q2023/24, marking a substantial increase of 54% from KWD 1.7 mn in the same period last year. • This growth was driven by a 23% rise in revenue and optimization of operating costs at GUST, resulting in an improved gross ma
Slide 6: Core Investments' Update (2/2)
Core Investments’ Update (2/2) • Muna Noor reported a net profit of OMR 357K in 4Q23/24, compared to OMR 1.4 mn in the same period last year. The decline is mainly attributed to the non-recurring income of OMR 863K recorded in the previous year. • Al Borg reported a loss of SAR 1.8 mn in 1Q24, compa
Slide 7: Boubyan's investment portfolio reached KWD 503.7 mn as of 4Q23/24
Boubyan’s investment portfolio reached KWD 503.7 mn as of 4Q23/24 Amounts in KWD, millions Equate Group Ownership Carrying Value Equate Petrochemical Co. 9.0% 176.4 The Kuwait Olefins Company (TKOC) 9.0% 112.8 6.4% Equate Group Total 289.2 Core Investments Ownership Carrying Value EPG 100.0% 65.2 36
Slide 8: Boubyan achieved net income of KWD 6.8 mn in 4Q23/24
Boubyan achieved net income of KWD 6.8 mn in 4Q23/24, compared to KWD 14.4 mn in 4Q22/23 KWD, thousands EPS Contribution (fils) Income 4Q23/24 4Q22/23 4Q23/24 4Q22/23 Commentary Equate Group 4,948.0 3,346.6 9.27 6.35 • Income from core investments Sama Education Co. 1,450.7 - 2.72 - rose to KWD 6.1
Slide 9: Boubyan achieved net income of KWD 17.7 mn in FY23/24
Boubyan achieved net income of KWD 17.7 mn in FY23/24, compared to KWD 35.0 mn in FY22/23 KWD, thousands EPS Contribution (fils) Income FY23/24 FY22/23 FY23/24 FY22/23 Commentary Equate Group 8,486.5 16,843.1 15.91 32.22 • Income from core investments Sama Education Co. 6,206.2 - 11.64 - increased t
Slide 10: Core Investment Income reached KWD 6.1 mn in 4Q23/24
Core Investment Income reached KWD 6.1 mn in 4Q23/24 Amounts in KWD, thousands 150.3 (842.5) 919.5 (160.7) 1,202.3 (61.0) 6,117.5 4,909.6 4Q22/23 Core EDU Group EPG Al-Kout Muna Noor Group Al Borg ML Nafais 4Q23/24 Core Investment Income (Eyas, Sama, Afaq, Investment Income KVC) 8
Slide 11: Core Investment Income reached KWD 20.4 mn in FY23/24
Core Investment Income reached KWD 20.4 mn in FY23/24 Amounts in KWD, thousands 1,682.9 68.3 (772.2) (762.3) (43.8) 4,222.4 20,364.1 15,968.8 FY22/23 Core EDU Group EPG Al Borg ML Muna Noor Group Al-Kout Nafais FY23/24 Core Investment Income (Eyas, Sama, Afaq, Investment Income KVC) 9
Slide 12: Q&A Thank you
Q&A T h a n k yo u
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