Kuwait Financial Centre Kpsc · KSE:MARKAZ
Kuwait Financial Centre Kpsc — H1 2020 Earnings Presentation
20 slides from Kuwait Financial Centre Kpsc's earnings presentation, 2020
Slide 1: Asset Management | Investment Banking
Asset Management | Investment Banking
Slide 2: Agenda
H1 2020 Performance Highlights ……………..…….… 3 Markaz Overview ……….……...………...................… 5 Business and Financial Highlights……..……..….….… 8 Shareholders Information …………………………..… 18 2
Slide 3: Profit and Loss Highlights
Profit and Loss Highlights KD (1.71) mn Total Revenue KD 3.5 mn KD (6.50) mn Management Fees & Commission Return on Principal Investments Revenue excluded Loss from Net Rental Income KD 1.4 mn Asset Management KD 3.2 mn KD 1.29 mn financial assets at fair value Interest and Dividend KD 1.2 mn Invest
Slide 4: H1 2020 Performance Highlights
H1 2020 Performance Highlights Commenting on the performance, Mr. Manaf A. Alhajeri, CEO of Markaz said: “Markaz reported its financial performance for the first half of 2020, with revenue of KD (1.71) million as compared to KD 12.47 million in H1 2019. Net Loss attributable to shareholders of Marka
Slide 5: Markaz Overview
Leading market position Sustainable long-term Building a sustainable Our Team, the cornerstone of shareholder returns economy in Kuwait our success As one of the region’s leading Generates sustainable long- Endeavors to actively A team of 190 employees asset management and term returns driven by rob
Slide 6: Business lines and offices
Germany US Poland Turkey Kuwait Qatar Bahrain Oman KSA India UAE Egypt Lebanon Jordan Equity Fixed Income MENA Real Estate Investments International Real Estate Investment Banking Advisory Offices 6
Slide 7: Awards
Best Asset Manager Best Investment Bank in Research Provider of the Most Innovative Financial in Kuwait Kuwait Year Institution in the By: Global Finance Middle East By: EMEA Finance By: Euromoney Awards By: EMEA Finance Best Investment Bank Best Equity Fund in Kuwait Best Islamic Fund Most Innovati
Slide 8: Asset Management and Real Estate Investments
Asset Management Real Estate Investments Middle East and North Africa, International GCC Equity Funds, Fixed Income Fund, Others Total AUM of KD 373.5 million Total AUM of KD 710.6 million MENA Real Estate – AUM of KD 314.9 million Asset management continues to implement Markaz’s long term bottom
Slide 9: Investment Banking and Research
Investment Banking Research M&A, Advisory, Equity & Debt Capital Markets, IPOs and Mena focused Research, Consulting Services restructuring Publishes MENA focused research reports and bespoke GCC IPO and M&A activity remained expectedly subdued due to consulting services for over a decade the Co
Slide 10: H1 2020 Revenues and Net Profit
H1 2020 Revenues growth on y-o-y basis Net Profit (KD 000’s) H1 2020 Total Revenue declined primarily due to the Covid-19 The net profit declined due to decline in revenues which is pandemic and its impact on the business and on the fair value of primarily attributable to fair value adjustment o
Slide 11: Return on Equity and Dividend per Share
LTM Return on Equity1 Dividend per Share and Payout Return on Equity of (9.5)% on LTM basis as it was impacted due Consistent dividend payouts with an incremental 66.7% decrease in 2019 payout ratio over last year to a significant loss arising from financial assets at fair value through P&L in H
Slide 12: H1 2020 Income Analysis
Q2 (Three Months) Y-o-Y 6M (Six Months) Y-o-Y (KWD 000's) Growth Growth 2020 2019 2020 2019 (%) (%) H1 2020 Income Analysis Management Fees and Commission 1,496 2,089 (28.4%) 3,505 4,000 (12.4%) Interest Income 283 155 83% 572 307 86% Dividend Income 258 475 (46%) 630 883 (29%) (Loss) / Gain from In
Slide 13: Assets Under Management and Balance Sheet
Jun Mar Dec Jun (KWD 000's) 2020 2020 2019 2019 ASSETS Cash and bank balances 10,399 13,748 4,937 7,319 Time deposits 127 86 1,332 1,387 Investments at fair value through profit or loss 95,773 94,225 106,646 108,304 Asset Under Management Investments at fair value through OCI 2,071 2,586 2,735 422 I
Slide 14: Management Fees and Commission
Management Fees & Commission (KD 000’s) (28)% Asset Management Fees1 (KD 000’s) Investment Banking Fees (KD 000’s) (25)% (69)% 1. Asset Management includes GCC Equity & Fixed Income Funds, Real Estate, International Investments and Private Equity 14
Slide 15: Asset Management Fees, AUM and Annualized Fees
Asset Management Fees1 (KD 000’s) AUM (KD million) 1,143 1,112 1,095 1,026 982 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Annualized Management Fees (%) 0.90% 0.69% 0.68% 0.74% 0.56% Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 1. Asset Management includes GCC Equity & Fixed Income Funds, Real Estate, Inter
Slide 16: Investment Assets and Income Returns
Income Returns (KD 000’s) Investment Assets1 (KD million) Annualized Income Returns (%) 1. Investment Assets include Investments at Fair Value through P&L + Investment at Fair value through OCI+ Investments at amortised cost+ 16 Investment in associates and JV + Investment Properties + Loans to Cust
Slide 17: Debt and Leverage
Jun Mar Dec Jun Return on Assets1 (%) (KD 000's) 2020 2020 2019 2019 Due to financial institutions 495 1,000 - 996 Loan Term 37,425 38,210 41,632 41,246 Bonds Issued 25,000 25,000 25,000 25,000 Total Debt 62,920 64,210 66,632 67,212 Cash and Bank Balance 10,399 13,748 4,937 7,319 Time Deposits 127 8
Slide 18: Corporate Information and Major Shareholders
Major Shareholders Corporate Information Main Market – Boursa Kuwait Major Shareholders Type % Holding Market Segment Listing (Sec Code: 213) Kuwait Pillars for Financial 2019 Dividends Cash Dividend – 5% Direct 28.72% Investment KD 25,000,000 unsecured debenture Bonds Issued Gulf Bank Direct 5.47%
Slide 19: Disclaimer
This document has been prepared by Churchgate Partners for Kuwait Financial Centre K.P.S.C. (“Markaz”) investors, solely for informational purposes. This presentation may contain statements that are not historical facts, referred to as “forward looking statements” .The information contained herein h
Slide 20: Kuwait Financial Centre K.P.S.C. Markaz
Kuwait Financial Centre K.P.S.C. "Markaz" P.O. Box 23444, Safat 13095 State of Kuwait Tel: +965 2224 8000 Fax: +965 2242 5828 Email: info@markaz.com www.markaz.com
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