Waha Capital Company · ADX:WAHA
Waha Capital — Q1 2024 Earnings Presentation
18 slides from Waha Capital's earnings presentation, May 2024
Slide 1: Investor Presentation FY2024, First Quarter
Investor Presentation FY2024, First Quarter
Slide 2: Contents
Waha Capital Contents 3 About Waha Capital 10 Private Investments 4 Q1 Financial Highlights 11 Waha Land 5 Key Metrics 12 Outlook 6 Financial Performance 13 Appendix 7 Strategic Pillars 8 Waha Investment Q1 2024 Investor Presentation 2
Slide 3: About Waha Capital: Core Institutional Strength
About Waha Capital Core Institutional Strength Established Listed on the Strong Capital markets Total assets in 1997 Abu Dhabi institutional strategies under Securities backing: launched in 2012 management Exchange Mubadala is the AED 11.1 bn (ADX)with market largest, strategic *as of 31 March 2024
Slide 4: Q1 2024 Financial Highlights
Q1 2024 Financial Highlights Net Profit* Waha Investment Net Profit Private Investments Net Profit Waha Land Net Profit AED 166m AED 167m AED 37m AED 10m vs AED 75m YoY vs AED 153m YoY vs AED (23)m YoY vs AED 8m YoY Private Investments & Waha Total Assets Assets Under Management (AUM) Waha Investmen
Slide 5: Key Metrics
Q1 2024 Key Metrics Dividend Yield Return on Investments Return on Average Equity Return on Average Assets 6.7% 18.4% 14.9% 8.2% AED 0.10 As of 31 March 2024 As of 31 March 2024 As of 31 March 2024 12-month dividend Based on trailing 12 months’ investment return Based on trailing 12 months’ contribu
Slide 6: Financial Performance
Q1 2024 Financial Performance 167 Net Profit by Segment attributable to Owners (AED m)* 153 Q1 2024 Q1 2023 Summary • Net operating income of AED 418m (Q1 2023: AED 242m) 63 • Waha Investment: AED 346m (Q1 2023: AED 238m) due to resilient 47 37 performance of our funds & strong increase in AUM 10 8
Slide 7: Strategic Pillars
Waha Capital Strategic Pillars Waha Investment Private Investments Waha Land • Emerging markets specialist • Deploy capital globally and • Wholly owned subsidiary of asset manager (wholly owned across sectors, capital structures Waha Capital subsidiary) and asset classes • Development offers high qu
Slide 8: Waha Investment Performance: Waha EM Credit Fund
Waha Investment Performance Waha EM Credit Fund Fund performance 8.7% Since inception (Jan ‘12) 325 300 Net Return2 275 250 225 200 175 231.4% 150 Since inception (Jan ‘12) 125 100 Net Cumulative Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Return2 Waha
Slide 9: Waha Investment Performance: Waha Islamic Income Fund
Waha Investment Performance Waha Islamic Income Fund Fund performance 180 1.6% Since inception (Aug ‘20) 170 160 Gross Return1 150 140 130 120 110 7.2% Since inception (Aug ‘20) 100 90 Gross Annualised Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Return1,2 WIIF Dow Jones Sukuk Inde
Slide 10: Private Investments Portfolio Overview
Private Investments Portfolio Overview Private Investments Portfolio Global Opportunities • Portfolio was launched in November 2021 • Target investments in the alternatives space with high risk-adjusted returns by partnering with other leading institutional investors and domain experts • Broad and f
Slide 11: Waha Land Overview
Waha Land Overview • Waha Land is a wholly-owned subsidiary of Waha Capital. The industrial real estate subsidiary has invested significantly over several years to develop and lease the ALMARKAZ project in the emirate of Abu Dhabi, an integrated mixed-use industrial development with Grade “A” indust
Slide 12: Outlook
Summary Outlook Waha Capital has once again showcased the resilience of its business model with a strong performance in the first quarter of 2024, despite a challenging market environment characterized by global macroeconomic and geopolitical headwinds. The company's positive returns highlight i
Slide 13: Appendix
Appendix Summary Income Statement & Balance Sheet
Slide 14: Income Statement Summary
Three-month period year ended 31 March 2024 Income Statement Summary Q1 2024 Q1 2023 AED ‘000 Revenue from sale of goods and services 39,075 36,036 Cost of sale of goods and services (28,456) (26,630) Share of profit from equity-accounted associates and joint 2,369 428 ventures, net Income from fina
Slide 15: Balance Sheet Summary
Three-month period year ended 31 March 2024 Balance Sheet Summary As at 31 Mar 2024 As at 31 Dec 2023 AED ‘000 Investments in equity accounted 90,682 88,313 associates and joint ventures Right-of-use assets 20,286 23,431 Investment property 417,812 413,450 Financial investments 9,170,295 8,652,900 L
Slide 16: Reaching Waha Capital
Contacts Reaching Waha Waha Capital Contacts United Arab Emirates PO Box 28922 42nd Floor, Tower 3, Etihad Towers Abu Dhabi, U.A.E. +971 (0) 2 667 7343 communications@wahacapital.ae 16
Slide 17: 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 18: WAHA CAPITAL
WAHA CAPITAL