Al Ansari Financial Services Pjsc · DFM:ALANSARI
Al Ansari Financial Services Pjsc — Q3 2023 Earnings Presentation
21 slides from Al Ansari Financial Services Pjsc's earnings presentation, Nov 9, 2023
Slide 1: Al Ansari Financial Services PJSC Investor Presentation Q3 2023
Al Ansari Financial Services PJSC Investor Presentation Q3 2023 09 Nov 2023
Slide 2: Disclaimer
Disclaimer The information contained herein has been prepared by Al Ansari Financial Services PJSC (the “Company” or the “Group”). The information contained in this presentation may not have been reviewed or reported on by the Company’s auditors. The company relies on information obtained from sourc
Slide 3: Today's Presenters
Today’s Presenters Rashed A. Al Ansari Mohammad Bitar Faisal Anwar Group Chief Executive Officer Deputy Group Chief Executive Group Chief Financial Officer Officer 3 Q3 2023 Results
Slide 4: Table of Contents
Agenda Table of Contents 1. 9M 2023 Financial Highlights 5 2. Macro Updates 10 3. Business Performance Highlights 11 4. Financial and Cash Position Highlights 14 5. Dividend Policy 16 6. Growth Strategy Updates & Guidance 18 4 Q3 2023 Results
Slide 5: 9M 2023 Financial Highlights
9M 2023 Financial Highlights
Slide 6: 9M 2023 Key Highlights
9M 2023 Key Highlights NON-REMITTANCE OPERATING INCOME WITNESSED REMARKABLE GROWTH 9M'23 Operating Income YoY STEADY GROWTH IN TOTAL OPERATING INCOME AND AN IMPRESSIVE INCREASE IN TOTAL TRANSACTIONS BANK NOTES BUSINESS EXHIBITED A CONSISTENT UPWARD TREND +1.5% 9M'23 No. of Transactions YoY WPS GROWT
Slide 7: 9M Financial & Operating Performance Snapshot
9M Financial & Operating Performance1 Snapshot Financial Performance Operating Performance 9M 2023: Net profit (AED) EBITDA (AED) 439 mn 36.6 mn 248 388 mn 9M ’22: 475 mn Total number of transactions +10% vs. 9M’22 Number of physical branches 23 net new branches since Q3’22 -9.4% YoY EBITDA margin 2
Slide 8: Revenue Contribution
Revenue Contribution YTD Sep 2022 YTD Sep 2023 Others Others WPS 2% WPS +25% +13% 2% 5% 6% 29% 32% Remittances Bank Notes Remittances Bank Notes -5% +13% 60% 65% 1) Based on continued operations only (Excluding the comparative results from discontinued business) 8 Q3 2023 Results
Slide 9: Income Statement Overview
Income Statement Overview % Commentary Income Statement Q3 ‘23 Q3 ‘22 change 9M ‘23 9M ‘22 % change • Net gain on currency exchange saw a dip of 9.3% year on year (YoY) due to a decrease of 15% in Outward Personal Remittance volumes. Net gain on currency exchange 131,262 164,524 -20.2% 411,869 454,2
Slide 10: Our home market, the UAE, continues to perform exceptionally
Our home market, the UAE, continues to perform exceptionally UAE’s economy remains resilient Performing exceptionally on all economic fronts GDP Growth Forecast UAE PMI 7.9% UAE ranks 4th globally in H1 2023 GDP expanded international tourist 3.7% YoY, with non oil GDP spending in 2022 amounting Exp
Slide 11: Remittances: 9M 2023
Remittances: 9M 2023 Outward Personal Remittances- Value of Transactions (AED bn) Operating Income (AED mn) 36.7 Transactions (‘000) 551 32.2 521 31.2 26.9 Top 5 10,195 -5.32% Corridors 9,091 -11% 3,100 4.6 4.3 Others 3,282 6% Personal Corporate Total 9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023
Slide 12: Bank Notes & Prepaid Cards: 9M 2023
Bank Notes & Prepaid Cards: 9M 2023 Bank Notes No. of Transaction Operating Income Bank Notes Value of Transactions (mn) (AED mn) (AED bn) 274 9M 2022 9M 2023 61.6 6.1 52.3 5.1 20.3% 38.4 13.3% 32.2 242 23.1 20.0 9M 2022 9M 2023 Retail Wholesale Total 9M 2022 9M 2023 No. of Transactions for Major Pr
Slide 13: WPS and Other Products & Services: 9M 2023
WPS and Other Products & Services: 9M 2023 CashTrans WPS Operating Income (AED mn) Other Products & Services (AED mn) (End-to-end cash management) 48.57 19.15 No. of external customers 33 15.29 42.96 13.1% 25.3% 79% 10 9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023 Bill Collection No. of Transactio
Slide 14: Balance Sheet Overview
Balance Sheet Overview % Commentary Sep‘23 Dec‘22 change • The increase in Right of Use assets by 41% can be attributed to two factors: the renewal of the Head Office lease for an additional six Right of use assets 94,817 67,235 41.0% years (with a related party) and the inclusion of new branches (2
Slide 15: Capex-light Business Model, Easy to Scale
Capex-light Business Model, Easy to Scale and Able to Deliver Strong Growth and Value to the Shareholders Current Assets and Capex(1) (AED mn) Current Liabilities (AED bn) Commentary % of Operating Total capex as Net 1.55 1.92 Majority of the current assets are Income 2.4% 3.7% 2.87 composed by ca
Slide 16: Dividend Policy
Dividend Policy Historical Dividends (AED mn) • Minimum Annual Dividends: • FY 2023: The Group expects to pay a minimum dividend amount of AED 600 Ratio(1) Payout 72% 76% million for the 2023FY, to be paid in equal instalments in Nov. 2023 (approved by FY20 FY21 FY22 FY23e shareholders in General Me
Slide 17: Growth Strategy & Guidance
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Slide 18: Clear growth strategy centered on 6 pillars
Clear growth strategy centered on 6 pillars 1 Physical Network Expansion 2 Geographic Expansion 3 Digital Innovation Growing market share in Kuwait Smart 80% of remittance and entering other attractive counters in market in 2027 is GCC markets branches expected to still be Continued investment Secur
Slide 19: Clear growth strategy centered on 6 pillars
Clear growth strategy centered on 6 pillars Corporate Cross-border 4 Margin Increases 5 remittances 6 CashTrans c.370K SMEs active in the UAE Planned and ongoing Scope to increase margins investments for central given the quality of the services, market leadership 190K warehouses, position and growi
Slide 20: Short to Mid Term Guidance
Short to Mid Term Guidance Item Target (annual growth rate unless Time Horizon otherwise stated) Branch Network 300 total no. of physical branches Mid-term Remittance Income Lower single digit drop Short–term Low–to–mid teens Mid-term Bank Notes Income High teens Short–term WPS and other products Hi
Slide 21: Thank You
Q AtansariF inancial Services » Thank You )
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