Waha Capital Company · ADX:WAHA
Waha Capital — Q2 2024 Earnings Presentation
18 slides from Waha Capital's earnings presentation, August 2024
Slide 1: Investor Presentation FY2024, Second Quarter
Investor Presentation FY2024, Second Quarter
Slide 2: Contents
Contents 3 About Waha Capital 11 Private Investments 4 Financial Highlights 12 Waha Land 5 Key Metrics 13 Outlook 6 Financial Performance 14 Appendix 8 Business Pillars 10 Waha Investment Performance Investor Presentation, Second Quarter, FY2024 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 (ADX) Mubadala is the AED 10.9 bn* with market cap of largest, strategic *as of 30 J
Slide 4: Financial Highlights
H1 2024 Financial Highlights Net Profit* Waha Investment Net Profit Private Investments Net Profit Waha Land Net Profit AED 205m AED 135m AED 141m AED 17m vs AED 169m YoY vs AED 308m YoY vs AED (26)m YoY vs AED 16m YoY Private Investments & Waha Total Assets Assets Under Management (AUM) Waha Invest
Slide 5: Key Metrics
H1 2024 Key Metrics Dividend Yield Return on Investments Return on Average Equity Return on Average Assets 5.6% 16.3% 13.1% 6.4% AED 0.10 As of 30 June 2024 As of 30 June 2024 As of 30 June 2024 12-month dividend Based on prior four quarters’ investment return Based on prior four quarters’ contribut
Slide 6: Financial Performance H1 2024
H1 2024 Financial Performance Net Profit by Segment* (AED million) 94.00 Summary 141.00 308.00 • Net operating income of AED 529m in H1 2024 (H1 2023: AED 500m) • Waha Investment: AED 329m (H1 2023: AED 481m) as a result of strong 17.00 16.00 performance driven by fee income • Private Investments: A
Slide 7: Financial Performance Q2 2024
Q2 2024 Financial Performance Net Profit by Segment* (AED million) 155.00 Summary 104.00 • Net operating income of AED 111m in Q2 2024 (Q2 2023: AED 259m) 7.00 8.00 • Waha Investment: AED -17m (Q2 2023: AED 243m) -3.00 • Private Investments: AED 115m (Q2 2023: AED 4m) -32.00 • Waha Land: AED 13m (Q2
Slide 8: Business Pillars
Waha Capital Business 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 qua
Slide 9: Waha EM Credit Fund
Waha Investment Performance Waha EM Credit Fund Fund performance 10.1% H1 2024 325 300 EM Credit Fund 275 250 Net Return1 225 200 175 2.3% 150 H1 2024 125 100 Benchmark Net 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 Return1 Waha Emerging Markets Credit
Slide 10: Waha Islamic Income Fund
Waha Investment Performance Waha Islamic Income Fund Fund performance 180 2.6% H1 2024 170 160 Islamic Income 150 Fund Gross Return2 140 130 120 110 0.6% H1 2024 100 90 Benchmark Gross Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Return2 WIIF Dow Jones Sukuk Index *Please note the
Slide 11: Private Investments Portfolio Overview
Private Investments Portfolio Overview Global Opportunities Private Investments Portfolio • 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 12: 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” industri
Slide 13: Outlook
Summary Outlook Waha Capital has demonstrated remarkable resilience with solid performance in the first half of the year. Despite facing global macroeconomic and geopolitical headwinds, the company's positive returns underscore its ability to navigate complex market dynamics effectively. Key dri
Slide 14: Disclaimer
Appendix 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 ide
Slide 15: Income Statement Summary
Six & three month period ended 30 June 2024 Income Statement Summary H1 2024 H1 2023 Q2 2024 Q2 2023 AED ‘000 Revenue from sale of goods and services 77,802 71,916 38,727 35,880 Cost of sale of goods and services (56,873) (53,505) (28,417) (26,875) Share of profit from equity- accounted associates a
Slide 16: Balance Sheet Summary
Six month period ended 30 June 2024 Balance Sheet Summary As at 30 June 2024 As at 31 Dec 2023 AED ‘000 Investments in equity accounted associates and 97,709 88,313 joint ventures Right-of-use assets 49,605 23,431 Investment property 419,730 413,450 Financial investments 9,768,035 8,652,900 Loan inv
Slide 17: 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 17
Slide 18: WAHA CAPITAL
WAHA CAPITAL