Human Soft Holding Co. Kscc · KSE:HUMANSOFT
Human Soft Holding Co. Kscc — Humansoft Holding Company — FY2018 Earnings Presentation
17 slides from Human Soft Holding Co. Kscc's earnings presentation, Jan 30, 2019
Slide 1: Investor Presentation, FY 2018 Results
Humansoft Holding Company KSCP Investor Presentation, 30 January 2019 FY 2018 Results Disclaimer: Nothing in this document constitutes an offer to sell or a solicitation of an offer to buy any securities
Slide 2: Table of contents
Table of contents Page Humansoft overview 3-5 Share price performance 6 Upgrade to Premier Market 7 Research coverage and IR 8 2018 financial performance 9 Student enrollment – Fall 2018 10-11 Strong focus on quality and organic growth 12 Student achievements 13 AUM ACM campus 14 Key financials 15-1
Slide 3: Humansoft at a glance
Humansoft at a glance Leading 20+ 12,3561 University private higher years of operating enrolled students in of choice education company experience AUM and ACM in the GCC for Engineering, IT and Business USD 228 USD 125 40% 185 fils cash dividend million million 2013-18 EBITDA proposed for 2018 CAGR
Slide 4: Over 20 years of dedication to quality education
Over 20 years of dedication to quality education Humansoft has a history of over 20 years of operation in the field of Education and Training Initially the company started as an IT and Language training company in Kuwait, and expanded its activities to Dubai, Qatar and Abu Dhabi ABET accreditati
Slide 5: Board & Executive Management
Board & Executive Management Name Position Tareq Fahad Al-Othman Chairman Board of Mayank Baxi Vice Chairman Directors Ahmad Sulaiman Al-Khaled Director - Representative of Al-Imtiaz Group Othman Abdullah Al-Othman Director Abdulrazaq Abdulla Mohammad Ahmed Director Name Position Mayank Baxi CEO Vic
Slide 6: Share price performance
Share price performance Shareholding (24 January 2019) KD Closing price as at 24 January 2019 3.230 Market Cap (KD mn) 1 393 20% Al-Othman Market Cap (USD bn) 1.3 6m avg. daily trading volume (% of shares outstanding) 2 0.29% 52-weeks high 4.149 7% Al-Imtiaz Group 52-weeks low 2.996 7% Fiera Capital
Slide 7: Humansoft has been upgraded to Premier Market
Humansoft has been upgraded to Premier Market Average Boursa Kuwait Name Sector Market Cap Rank segment (KD million) National Bank of Kuwait Banking 4,786 1 Premier Kuwait Finance House Banking 3,550 2 Premier Zain Telecom 1,957 3 Premier Ahli United Bank AUB (Bahrain) Banking 1,606 4 Premier Boubya
Slide 8: Research coverage and IR
Research coverage and IR Broker Target price Date Analysts • Hatem Alaa EFG Hermes 6.300 27 February 2018 • Mirna Maher • Nada Amin Research coverage • Mohamed Zein Beltone 6.160 29 July 2018 • Aly Adel • Taher Safieddine Citi 5.770 13 June 2017 • Andrew Howell • Ankur Agarwal HSBC 5.100 26 November
Slide 9: 2018 financial performance
2018 financial performance Key figures and ratios Q4 2017 Q4 2018 Change FY 2017 FY 2018 Change A total of 12,356 students are enrolled in AUM and ACM at the beginning of the Fall 2018 Number of students (Fall 2018) 11,760 12,356 5.1% 11,760 12,356 5.1% semester Revenue (KD mn) 18.0 19.3 7.5% 61.8
Slide 10: Student enrollment at AUM has grown at a CAGR of 32%
Student enrollment at AUM has grown at a CAGR of 32% Total CAGR 25% AUM CAGR 32% ACM CAGR 10% 11,760 12,356 Total AUM ACM 10,360 2,127 2,286 8,620 2,011 6,853 1,663 5,348 3,657 1,477 2,552 1,426 10,229 Total students 1,182 8,349 9,474 1,063 6,957 enrolled 5,376 3,922 2,475 1,489 (beginning of the 20
Slide 11: Total enrollments in Fall 2018 grew by 5% over Fall 2017
Total enrollments in Fall 2018 grew by 5% over Fall 2017 New enrollments Total enrolled students Institution Fall 2017 Fall 2018 Growth Fall 2017 Fall 2018 Growth AUM 2,263 2,284 1% 9,474 10,229 8% ACM 775 612 -21% 2,286 2,127 -7% Total 3,038 2,896 -5% 11,760 12,356 5% 11
Slide 12: Strong focus on quality and organic growth
Strong focus on quality and organic growth Accreditation Board for Engineering and Technology (ABET) have accredited AUM’s Industrial Engineering, Computer Engineering, Electrical Engineering, and Telecommunications and Accreditations Networking Technology programs in August 2018 Accreditation C
Slide 13: Student achievements in 2018
Student achievements in 2018 Engineering and business: AUM won 1st place in the 8th IEOM international conference held in Indonesia AUM won 1st and 2nd place in the “GCC Robotics Challenge” held in 8th IEOM 6th International IBM Bahrain GCC Robotics Cloud international Challenge AUM won 1st pl
Slide 14: AUM ACM Campus
AUM ACM Campus The pictures below and video (link below) show a glimpse of campus life Campus video: https://www.youtube.com/watch?v=-lE526uWeMM&feature=youtu.be or https://www.human-soft.com/our-subsidiaries/american-university-of-the-middle-east/ 14
Slide 15: Revenues grew at a CAGR of 27% between 2013 and 2018
Humansoft’s revenues grew at a CAGR of 27% between 2013 and 2018 Revenue (KD mn) Humansoft’s revenue grew at a CAGR of 27% between CAGR 2013 and 2018, due to 27% strong student growth in 69.3 AUM and ACM and tuition 61.8 54.5 increase in 2014 (AUM) and 2015 (ACM) 43.6 28.6 20.6 The higher educat
Slide 16: EBITDA margin reached 55% in 2018
EBITDA margin reached 55% in 2018, registering a 1.2% improvement over 2017 Gross profit (KD mn) and gross profit margin EBITDA (KD mn) and EBITDA margin EBITDA grew at a CAGR of CAGR CAGR 40% in the period 2013-18. 30% 40% 38.1 EBITDA margin was 55% 53.5 33.2 47.6 for 2018, an improvement 28.5 41
Slide 17: Humansoft generated ROAE of 51% in 2018
Humansoft generated ROAE of 51% in 2018 Humansoft has invested Total assets (KD mn) and ROAA Total equity (KD mn) and ROAE capex of KD 44.1 mn during 2015 to 2018 to expand 109.9 capacity and provide state 98.4 of the art facilities for 67.0 85.7 students 56.9 70.2 48.3 38.2 In spite of the incr
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