Kuwait Projects Company Holding (K.S.C.P.) · KSE:KPROJ
Kuwait Projects Company Holding (K.S.C.P.) — Kuwait Projects Company (Holding) — H1 2023 Earnings Presentation
15 slides from Kuwait Projects Company Holding (K.S.C.P.)'s earnings presentation, August 2023
Slide 1: KIPCO H1 2023 Investor Call
KIPCO H1 2023 INVESTOR CALL August 2023
Slide 2: Disclaimer
Kuwait Projects Company (Holding) Q2 2023 Investor Call This presentation has been made for informational purposes and does not involve an invitation to subscribe to, purchase, or sell any security. No warranty is given on the accuracy or completeness of the information in this presentation. Indepen
Slide 3: Highlights for the Period
Kuwait Projects Company (Holding) Q2 2023 Investor Call HIGHLIGHTS FOR THE PERIOD
Slide 4: Recent business highlights
Kuwait Projects Company (Holding) Q2 2023 Investor Call Recent business highlights 89% v Positive performance driven by foreign banking operations, foodstuff, logistics and oil field services Net profit v In July, KIPCO successfully completed its debut KD denominated Sukuk issuance worth US$ 335.8 m
Slide 5: Financial highlights
Kuwait Projects Company (Holding) Q2 2023 Investor Call Financial highlights Revenue Net profit (1) Total assets (US$ billion) (US$ million) (US$ billion) 1.1 1.9 17.9 33.9 37.1 38.8 81% 89% 4% H1 2022 H1 2023 H1 2022 H1 2023 YE 2022 H1 2023 (1) Attributable to the equity holders of the company 5 No
Slide 6: H1 2023 income breakdown
Kuwait Projects Company (Holding) Q2 2023 Investor Call H1 2023 income breakdown Interest income Fee & commission income Media & digital satellite network (US$ million) (US$ million) (US$ million) 520.0 796.4 107.3 143.7 135.3 127.2 53% 34% 6% H1 2022 H1 2023 H1 2022 H1 2023 H1 2022 H1 2023 Hospital
Slide 7: Portfolio Financial Performance
Kuwait Projects Company (Holding) Q2 2023 Investor Call PORTFOLIO FINANCIAL PERFORMANCE
Slide 8: Burgan Bank Group
Kuwait Projects Company (Holding) Q2 2023 Investor Call Burgan Bank Group Operating income (1) Net income (2) v Net profits were negatively impacted primarily (US$ million) (US$ million) due to the application of IAS 29 accounting standard for hyperinflation, higher expenses and 359.5 351.7 88.7 59.
Slide 9: Jordan Kuwait Bank
Kuwait Projects Company (Holding) Q2 2023 Investor Call Jordan Kuwait Bank Total income Net profit (1) v Completed issuance of Perpetual Tier 1 Capital (US$ million) (US$ million) Bonds issuance for US$ 125.5 million. 100.5 169.5 10.7 51.3 v Completed acquisition of a 77% equity stake in UAE-Based B
Slide 10: SADAFCO
Kuwait Projects Company (Holding) Q2 2023 Investor Call SADAFCO Revenue* Operating profit* v Net profit up 99.3% in Q1 2023 vs Q1 2022, (US$ million) (US$ million) resulting in a net profit margin of 15.8% vs 8.9% in Q1 2022 168.3 181.1 24.0 28.0 v Sales increased 7.6% in Q1 2023 to US$ 181 million
Slide 11: United Gulf Holding
Kuwait Projects Company (Holding) Q2 2023 Investor Call United Gulf Holding Revenue Fee & commission v 91% increase YoY in Interest Income was (US$ million) (US$ million) offset by lower contributions from 92.2 88.5 39.7 30.5 investment income and share of associates. 4% 23% v Kamco Invest posted a
Slide 12: United Real Estate
Kuwait Projects Company (Holding) Q2 2023 Investor Call United Real Estate Revenue Operating income v Healthy Q2 performance with visible (US$ million) (US$ million) improvements in income across key 132.6 140.3 31.8 41.6 segments of URC; - 49.3% YoY increase in rental - 23.7% YoY increase in hospit
Slide 13: Logistics, energy, and healthcare
Kuwait Projects Company (Holding) Q2 2023 Investor Call Logistics, energy, and healthcare Jassim Transport & Stevedoring National Petroleum Services Advanced Technology Co. Revenue Revenue Revenue (US$ million) (US$ million) (US$ million) 42.4 46.8 53.9 63.2 266.2 264.4 10% 17% 0.6% H1 2022 H1 2023
Slide 14: Business update
Kuwait Projects Company (Holding) Q2 2023 Investor Call OSN Key business updates: v OSN remains focused on growing its streaming business STRATEGY through optimal use of technology, digital marketing and content diversification. v In June, the ‘dishless’ OSNtv box was launched, reflecting OSN’s stra
Slide 15: Thank You
Kuwait Projects Company (Holding) Q2 2023 Investor Call THANK YOU
Kuwait Projects Company (Holding) — H1 2023 Earnings Presentation on 6ix