Kuwait Financial Centre Kpsc · KSE:MARKAZ
Kuwait Financial Centre Kpsc — FY2023 Earnings Presentation
20 slides from Kuwait Financial Centre Kpsc's earnings presentation, Feb 14, 2024
Slide 1: Earnings Presentation 2023
elt Earnings Presentation 2023 j—4y—al| MARKAZ|
Slide 2: Contents
2023 Performance Highlights .…………................................. 3-4 Markaz Overview ............................................................. 5-7 Business Highlights .…………................................................ 8-9 Financials Trend .…………...............................................
Slide 3: Profit and Loss Highlights
Profit and Loss Highlights KD 26.32 mn Total Revenue KD 8.01 mn KD 16.48 mn Management Fees & Commission Return on Principal Investments Gain on Investments KD 12.47 mn Management Fees & Commission declined Asset Management KD 7.17 mn KD 1.83 mn Interest and Dividend KD 2.46 mn by 29% from KD 11.27
Slide 4: 2023 Results Summary and Chairman Statement
Kuwait, 14 February 2024 - Kuwait Financial Centre “Markaz” (KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ: KK) reported its financial results for 2023 with a Total Revenue of KD 26.32 million, as compared to KD 18.80 million in 2022, led by gain from the sale of international and GCC real estat
Slide 5: Markaz Overview
Leading market position Sustainable long-term shareholder Building a sustainable economy in Our Team - cornerstone of our As one of the region’s leading returns Kuwait success asset management and investment Generates sustainable long-term Endeavors to actively participate in A team of 150+ employee
Slide 6: Business Lines and Geographic Presence
Germany US Poland Turkey Kuwait Qatar Bahrain Oman KSA India UAE Egypt Lebanon Equity Fixed Income MENA Real Estate Investments International Real Estate Investment Banking Advisory Offices
Slide 7: Awards and Recognition
2023 Market Leader MENA Investment Bank of the Best Investment Bank Best Asset Manager / Year/Excellence in Real Estate in Kuwait/Best Private Bank Best Investment Bank in Kuwait By: Euromoney Investment in Kuwait By: MEED By: Global Finance By: EMEA Finance Best Private Bank Kuwait Wealth Manager o
Slide 8: Asset Management and Real Estate Investments
Asset Management Real Estate Investments Equity, Fixed Income, and Others: Middle East and North Africa, International: Total AUM of KD 849 million Total AUM of KD 363 million Asset management continues to implement Markaz’s long term bottom up investment approach along with MENA Real Estate – AUM
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 consulting During 2023, the investment banking team successfully concluded services for over a decade
Slide 10: 2023 Revenue and Net Profit Growth
2023 Revenues growth on y-o-y basis 2023 Net Profit (KD 000’s) Total Revenue has increased primarily due to gain on sale The net profit has been increased influenced by of certain investment in investment properties. revenues generated from the sale of investment properties, which supported the
Slide 11: Return on Equity and Dividend Per Share
Return on Equity1 Dividend Per Share and Payout Return on Equity of 3.96% on LTM basis as it was Board of Directors approved a cash dividend of 6 Fils improved due to an increase in Interest Income, Dividend per share a payout of 75% on the EPS income and Income from Real Estate Activities In
Slide 12: 2023 Revenue Analysis
Year Ended Y-o-Y (KWD 000's) Growth 2023 2022 (%) Management Fees and Commission 8,013 11,269 (29)% 2023 Revenue Analysis Interest income 1,007 461 - 63% Dividend income 1,454 861 69% (Loss) / gain from financial assets at fair value through P/L (630) 727 - (Loss)/ gain from financial liabilities at
Slide 13: Balance Sheet and Assets Under Management
(KWD 000's) Dec Dec 2022 2022 ASSETS Asset Under Management Cash and bank balances 6,639 15,112 Time deposits 272 2,104 Accounts receivable and other assets 6,020 6,136 2023 AUM 2022 AUM Loans to customers 2,565 2,709 KD 1,212 million KD 1,154 million Investments at fair value through profit or loss
Slide 14: Management Fees and Commission Trend
Management Fees & Commission (KD 000’s) (2)% CAGR 11,269 9,812 8,692 8,131 8,013 2019 2020 2021 2022 2023 Asset Management Fees1 (KD 000’s) Investment Banking Fees (KD 000’s) (3)% 10% CAGR CAGR 1,023 10,598 839 8,114 8,789 578 612 671 7,519 7,174 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 1.
Slide 15: Asset Management Fees, AUM and Fee Rates
Asset Management Fees1 (KD 000’s) AUM (KD million) 10,598 8,789 1,143 1,154 1,212 8,114 7,519 1,041 7,174 979 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Annualized Management Fees (%) 0.92% 0.84% 0.71% 0.77% 0.59% 2019 2020 2021 2022 2023 1. Asset Management includes GCC Equity & Fixed Income
Slide 16: Return on Principal Investments
Income Returns (KD 000’s) Average Investment Assets1 (KD million) 191 21,370 188 186 16,480 14,706 175 171 6,857 3,090 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Annualized Income Returns (%) 11.3% 9.6% 8.4% 3.6% 1.7% 2019 2020 2021 2022 2023 1. Fixed Assets + Investment Assets include Invest
Slide 17: Capital Structure and Returns
Return on Assets1 (%) Dec Dec (KD 000's) 2023 2022 7.1% Bank borrowings 9,413 29,015 Bonds Issued 35,000 35,000 3.5% 2.4% Total Debt 44,413 64,015 1.4% Cash and Bank Balance 6,639 15,112 Time Deposits 272 2,104 -0.8% Total Cash including Time Deposits 6,911 17,216 2019 2020 2021 2022 2023 Net Debt 3
Slide 18: Shareholders and Corporate Information
Major Shareholders Corporate Information Major Shareholders Type % Holding Main Market – Boursa Kuwait Market Segment Listing (Sec Code: 213) Kuwait Pillars for Financial Investment Direct 29.70% Al Mubader Co Direct 5.13% 2023 Proposed Dividends Cash Dividend – 6 Fils Per Share KD 35,000,000 unsecu
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: markaz.com
+965 2224 8000 | info@markaz.com markaz.com
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