Boubyan Bank K.s.c. · KSE:BOUBYAN
Boubyan Bank K.s.c — Boubyan Bank — Q2 2024 Earnings Presentation
22 slides from Boubyan Bank K.s.c's earnings presentation, Jul 22, 2024
Slide 1: Cover letter to Boursa Kuwait
Tem uL4a—i gy Boubyan Kuwait: 22/07/2024 Ref: 5606/2024 To: Mr. Mohammad Saud AI-Osaimi CEO - Boursa Kuwait Dear Sir, PowerPoint Presentation of second quarter Analysts’ Conference Call Reference is made to the provisions of Article no. (8-4-2) of Boursa Kuwait Rulebook issued by virtue of Resolutio
Slide 2: Boubyan Bank Investor Presentation Q2 2024 Results
Boubyan Bank Investor Presentation Q2 2024 Results 22nd July 2024 Towards Perfection
Slide 3: Disclaimer
DISCLAIMER THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES N
Slide 4: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 5: Financial Highlights
Boubyan’s Performance & Strategy - At a Glance Financial Highlights Financial Snapshot Market Share (%) KD million 6M 2024 6M 2023 Growth % Net Profit to shareholders 49.6 41.3 20% Operating Income 121.4 109.2 11% 11.7 11.7 Operating Profit 61.4 55.5 10% 9.3 11.3 12.4 Total Assets 8,891 8,024 11% 9.
Slide 6: The Bank's Strategy Builds on Robust Domestic Foundations
The Bank’s Strategy Builds on Robust Domestic Foundations And Builds Its International Presence Strategic Objectives ▪ Maintaining Group’s position as a leader in customer service and enhancing the customer experience. ▪ Growing its market share as the bank of choice for affluent and youth customers
Slide 7: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 8: Profitability & Performance Ratio
Income Statement Analysis Profitability & Performance Ratio Net Profit (KD Million) Operating Profit (KD Million) 20% 10% 49.6 55.5 61.4 41.3 6M 2023 6M 2024 6M 2023 6M 2024 * Return on Average Equity (%) Return on Average Assets (%) 10.9 1.2 9.6 1.0 6M 2023 6M 2024 6M 2023 6M 2024 7 * Return on Ave
Slide 9: Operating income components and Net Profit Margins
Income Statement Analysis Operating income components and Net Profit Margins Operating Income (KD Million) Net Financing Income (KD Million) Operating income Net Financing Income 11% 16% 109.2 121.4 95.5 82.7 6M 2023 6M 2024 6M 2023 6M 2024 Composition of Operating Income % Net Profit Margin % Inves
Slide 10: Operating Costs & Efficiency
Income Statement Analysis Operating Costs & Efficiency Operating Costs (KD Million) Composition of Operating Costs % Staff costs General & Admin Depreciation 12% 13% 13% 29% 29% 53.6 60.1 58% 58% 6M 2023 6M 2024 6M 2023 6M 2024 Operating Efficiency (%) Operating Costs to Average Assets (%) 1.4% 1.4%
Slide 11: Provisions & Related Ratios
Income Statement Analysis Provisions & Related Ratios Provisions* (KD Million) Specific* General** 16.2 -38% 10.0 12.1 8.4 4.1 1.6 6M 2023 6M 2024 Loss Ratio % Provisions to Operating Profit % 0.41% 29.2% 0.23% 16.3% 6M 2023 6M 2024 6M 2023 6M 2024 10 * Specific Provisions are shown inclusive of ECL
Slide 12: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 13: Assets & Sources of Funding
Balance Sheet Analysis Assets & Sources of Funding Total Assets (KD Million) Composition of Assets % 11% Financing Portfolio *Liquid assets 6% Investments PPE & Other assets 3% 3% 3% 3% 3% 3% 18% 19% 19% 8,024 8,405 8,891 76% 75% 75% Jun-23 Dec-23 Jun-24 Jun-23 Dec-23 Jun-24 Sources of Funding (KD M
Slide 14: Financing Portfolio & Asset Quality
Balance Sheet Analysis Financing Portfolio & Asset Quality Financing Portfolio – KD Million Composition of Financing Portfolio % 10% Retail Corporate 6% 39% 38% 37% 6,094 6,321 6,707 61% 62% 63% Jun-23 Dec-23 Jun-24 Jun-23 Dec-23 Jun-24 Non-Performing Financing Portfolio Loss Coverage Ratio NPL - KD
Slide 15: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 16: Capital Adequacy
Capitalization & Leverage Capital Adequacy Capital Adequacy Ratio Leverage Ratio RWA - KD Million Total CAR 18.1% 18.0% 17.8% 10.6% 10.6% 10.1% 5,308 5,561 5,658 Jun-23 Dec-23 Jun-24 Jun-23 Dec-23 Jun-24 Composition of Regulatory Capital CET1 Additional Tier 1 Tier 2 7% 7% 7% 14% 14% 14% 79% 79% 79%
Slide 17: Questions?
Questions? Towards Perfection
Slide 18: Appendix
Appendix Towards Perfection
Slide 19: Consolidated Financial Statements – Q2 2024
Consolidated Financial Statements – Q2 2024 CONSOLIDATED STATEMENT OF INCOME 30-Jun 30-Jun CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30-Jun 30-Jun KD Million 2024 2023 KD Million 2024 2023 Income Assets Islamic financing income 221.3 188.1 Cash and balances with banks 496 264 Financing cost (125.
Slide 20: Consolidated Income Statement
Consolidated Income Statement CONSOLIDATED STATEMENT OF INCOME 31-Dec 31-Dec 31-Dec KD Million 2023 2022 2021 Income Islamic financing income 396.8 283.7 223.2 Financing cost (224.3) (116.5) (65.7) Net finance income 172.5 167.2 157.5 Net investment income 15.2 6.8 8.8 Net fees and commission income
Slide 21: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position KD Million 31-Dec 31-Dec 31-Dec 2023 2022 2021 Assets Cash and balances with banks 399.0 533.2 533.2 Deposits with Central Bank of Kuwait 219.0 247.8 247.8 Deposits with other banks 96.2 131.7 131.7 Islamic financing to customers 6,321.0 5,913.5 5,913.5 I
Slide 22: Thank You
Thank You Towards Perfection