Waha Capital Company · ADX:WAHA
Waha Capital — H1 2022 Earnings Presentation
14 slides from Waha Capital's earnings presentation, 2022
Slide 1: Investor Presentation
Investor Presentation FY2022, Second Quarter 1
Slide 2: H1 2022 Financial Highlights
H1 2022 Financial Highlights Total Income Net Profit G&A Expenses Finance Costs Total AUM (AED m) (AED m) (AED m) (AED m) (AED bn) 264 108 54 6.5 594 42 65 268 5.8 87 H1 2021 H1 2022 H1 2021 H1 2022 H1 2021 H1 2022 H1 2021 H1 2022 Q4 2021 H1 2022 2
Slide 3: H1 2022 Financial Highlights
H1 2022 Financial Highlights Net Profit* Total Income Finance Cost AED 87m AED 268m AED 54m vs AED 264m YoY vs AED 594m YoY vs AED 42m YoY Public Markets Profit AED 94m Awards & Recognition 2022 vs AED 320m YoY MENA Equity Fund CEEMEA Credit Fund Islamic Income Fund return return return (gross) 7.8%
Slide 4: Q2 2022 Financial Highlights
Q2 2022 Financial Highlights Net Profit/(loss)* Total Income Finance Cost AED (59)m AED (31)m AED 29m vs AED 154m YoY vs AED 330m YoY vs AED 22m YoY Public Markets Profit AED (54)m Awards & Recognition 2022 vs AED 180m YoY MENA Equity Fund CEEMEA Credit Fund Islamic Income Fund return return return
Slide 5: H1 2022 Financial Results Summary
H1 2022 Financial Results Summary Return on Average Equity (TTM) • Net profit of AED 87m (H1 2021: AED 264m) driven by 6.6% continuing strong performance from Public Markets vs 12.3% FY 2021 • Total Income of AED 268m (H1 2021: AED 594m) Earnings Per Share (AED) • Public Markets income: AED 152m (H1
Slide 6: Q2 2022 Financial Results Summary
Q2 2022 Financial Results Summary • Net loss of AED (59)m (Q2 2021: AED 154m) due to the Earnings Per Share (AED) impact of unfavourable geopolitical and macroeconomic (0.03) operating environment vs 0.08 YoY • Total income of AED (31)m (Q2 2021: AED 331m) AED m Q2 2022 Q2 2021 • Public Markets loss
Slide 7: Public Markets Business: Funds & Awards
Public Markets Business Funds & Awards CEEMEA Credit Fund Awards & Accolades Primarily invests in hard currency fixed income instruments from Emerging Market corporate and sovereign credits in the Central Europe, 2022 Eastern Europe, Middle East and Africa (CEEMEA) region MENA Equity Fund Absolute r
Slide 8: Public Markets Business: Fund Range
Public Markets Business Fund Range WAHA CEEMEA CREDIT FUND SP WAHA MENA EQUITY FUND SP WAHA ISLAMIC INCOME FUND SP Fund Inception 2012 2014 2020 Seed Capital US$ 169m US$ 161m US$ 25m Fund offered to third party 2015 2015 2021 NAV US$ 482m US$ 662m US$ 36m Cumulative Gross return (%) 158% 266.0% 56.
Slide 9: Private Investments Business: Portfolio Overview
Private Investments Business Portfolio Overview Global Opportunities Core Portfolio Legacy Portfolio Broad and flexible global Seek to take controlling or Comprised of existing assets that mandate enabling Waha Capital significant minority stakes in do not fit within the Global to invest acros
Slide 10: Income Statement Summary
Six & three month period year ended 30 June 2022 Income Statement Summary H1 2022 H1 2021 Q2 2022 Q2 2021 AED ‘000 Revenue from sale of goods and 55,375 65,719 28,695 33,576 services Share of profit / (loss) from equity-accounted associates 4,986 (10,142) 2,303 (4,471) and joint ventures, net Gain o
Slide 11: Balance Sheet Summary
Six month period year ended 30 June 2022 Balance Sheet Summary As at 30 June 2022 As at 31 Dec 2021 AED ‘000 Investments in equity accounted associates 169,440 170,242 and joint ventures Right-of-use assets 33,839 99,649 Investment property 245,400 711,422 Financial investments 6,196,140 6,414,024 L
Slide 12: Outlook
Summary Outlook Waha Capital remains focused on generating returns for both its shareholders and clients, in a manner that is both cautious and sustainable. Despite the unprecedented geopolitical and macroeconomic challenges that are continuing to impact global markets, the Company’s results for t
Slide 13: DISCLAIMER
DISCLAIMER This document is not an offer, invitation or recommendation to subscribe to or purchase any securities. Nothing in this document shall form the basis of any contract or commitment whatsoever. This document contains forward-looking statements. Forward-looking statements can be identified b
Slide 14: WAHA CAPITAL
WAHA CAPITAL