Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — Investor Presentation (August 2021)
32 slides from Shuaa Capital (p.s.c)'s investor presentation, August 2021
Slide 1: A Leading Regional Asset Management and Investment Banking Platform
A Leading Regional Asset Management and Investm ent Ba nking Pla tfo r m August 2021 © 2021 SHUAA Capital psc. All rights reserved
Slide 2: A leading, unique and diversified platform in the region
A leading, unique and diversified platform in the region A leading asset management and investment banking platform in the region by total assets under management1 13.6 USDbn AUM A diversified platform with expertise across public and private markets, real estate, debt, investment banking and a
Slide 3: SHUAA has expertise and operates across three core segments
SHUAA has expertise and operates across three core segments Asset Management Investment Banking Corporate Public Private Investment Real Estate Debt Banking Markets Manages Markets Markets Management principal investments, Investments in Private equity Vertically Specialist Boutique Sales & trading
Slide 4: …with a wide geographic reach
…with a wide geographic reach Europe Middle East & North Africa RE PUB PRV RE D IB MKT IM Real Estate Asset Management Real Estate Development United Kingdom RE Kuwait MKT United Arab Emirates Saudi Arabia1 PUB PRV RE D IB MKT IM SHUAA Business Sub-Segments RE IB PUB PRV RE D IB MKT IM Core Markets
Slide 5: Rapid and consistent growth and evolution in AUM
Rapid and consistent growth and evolution in AUM $16,000 $14,000 $13,874 $14,090 $12,000 $12,068 $10,000 USD ($m) $8,000 $6,000 $5,464 $4,000 $4,688 $3,841 $2,000 $97 $748 $1,696 $0 2012 2013 2014 2015 2016 2017 2018 2019 2020 GCC-Focused Northacre European Principal SHUAA GCC London Advisory Privat
Slide 6: We deliver uncompromising quality to our stakeholders
Our strategy and vision is underpinned by several key strategic principles… Our Vision We create sustainable value for clients, employees and shareholders by engineering innovative investment solutions and differentiated product offerings for institutional clients and high net worth individuals. Our
Slide 7: …and the associated levers to achieving them
…and the associated levers to achieving them Strengthen and Diversify products and services Scale the platform and grow core businesses within core businesses operate more efficiently Expand regional footprint1 Grow fixed income platform Increase operational efficiency Grow asset management business
Slide 8: We had a swift and decisive response to COVID-19
We had a swift and decisive response to COVID-19 Issued the first high yield issuance in the MENA region since the onset of the COVID-19 – proceeds were used for Strengthened general corporate purposes and to strengthen the balance sheet Balance Sheet & Liquidity Position Maintained sufficient l
Slide 9: Continued execution on strategy
Continued execution on strategy Strengthen and grow core businesses Diversify products and services within core businesses Scale the platform and operate more efficiently Asset Management Investment Banking Corporate Special Situations Bespoke and M&A and Restructuring Enterprise Fund Tailored Portf
Slide 10: Further examples of SHUAA’s transformation phase
Further examples of SHUAA’s transformation phase Strengthen and grow core businesses Diversify products and services within core businesses Scale the platform and operate more efficiently Digital Wealth Platform Recruitment Non-Core Unit (NCU) Development of the firms’ digital Ongoing recruitment dr
Slide 11: Reiterating annual targets
Reiterating annual targets Integration Transformation FY2019 FY2020 H1 2021 Medium-term ambition Long-term ambition 5.2% 8.5% 7.2% > 15% Return on Equity Return on Equity Return on Equity1 7-12% Return on Equity Return on Equity 87% 55% 58% < 60% Cost Income Cost Income Cost Income Cost Income Ratio
Slide 12: Q2 2021 Financial Review
Q2 2021 Financial Review
Slide 13: Net Profit Performance
Net Profit Performance Quarter-on-Quarter & Year-on-Year Net Profit1 Commentary AEDm (238m) Q2 2021 profit at AED29m, representing fifth consecutive quarter of profit H1 2021 records 10-year high net profit performance as we continue to withstand challenging environment 267 Significantly lower c
Slide 14: Revenue Performance
Revenue Performance Quarter-on-Quarter & Year-on-Year Revenues Commentary AEDm 255 (5m) Operating income underpinned by solid (4%) recurring revenue base Other 199 145 Income 140 Dividend recognition in consolidated flagship fund 102 79 New permanent capital vehicles 3 77 increasingly contribute
Slide 15: Expense Performance
Expense Performance Quarter-on-Quarter & Year-on-Year Expenses Commentary AEDm 114 20m Continued cost discipline amidst focused 29 32% investments into growth 83 21 17 Increase in staff costs driven by 67 58 63 planned hiring initiatives across the Other 18 16 platform to support future growth Exp
Slide 16: Other Income Performance
Other Income Performance Quarter-on-Quarter & Year-on-Year Other Income Commentary AEDm Associates P&L Finance Costs Other Income/Exp FV Gains/Losses1 (192m) 189 Q2 2021 other income at AED(3)m with 152 finance costs being offset by associate 68 income, FV gains and other valuation 22 adjustments 48
Slide 17: Segment Performance
Segment Performance Asset Management Investment Banking Corporate AEDm AEDm AEDm 278 45 41 8 21 5 110 18 89 0 56 30 5 (0) (0) EBITDA Q3 20 Q4 20 Q1 21 Q2 20 Q2 21 Q3 20 Q4 20 Q1 21 Q2 20 Q2 21 Q3 20 Q4 20 Q1 21 Q2 20 Q2 21 Revs. 28 34 74 49 35 6 3 3 13 9 33 217 25 84 96 Net 66 50 (7) 230 18 (5) 13 3
Slide 18: Non-core asset reduction on track
Non-core asset reduction on track Non-Core Unit Evolution Commentary AEDm 72% 157m Continued progress in Q2 2021 with good visibility on 113 remaining asset reduction 19 25 17% reduction over the quarter namely driven by several non-core asset 403 sales 132 72% reduction since July 2019 Contin
Slide 19: AuM remains at an elevated level
AuM remains at an elevated level AuM Evolution Commentary US$bn 14.1 Slight decrease in total AuM in Q2 2021 (334m) (2%) 13.9 Increase in DPM1 AuM and strong NAV performance of several funds and investments offset by decrease in value of a UK real estate portfolio due to annual revaluation, client
Slide 20: Appendix
Appendix
Slide 21: Financial Statements
Financial Statements
Slide 22: Quarterly P&L (2020-2021)
Quarterly P&L (2020-2021) Quarterly Financials Q2 Q3 Q4 FY Q1 Q2 AED '000 2020 2020 2020 2020 2021 2021 Interest income 3,212 5,677 4,195 18,646 3,755 4,198 Interest expense (694) (2,635) 348 (3,766) (1,112) (1,656) Net interest income 2,518 3,042 4,542 14,880 2,643 2,542 Fee and commission income 5
Slide 23: Balance Sheet Summary (2019-2021)
Balance Sheet Summary (2019-2021) AED '000 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 2021 2021 2020 2020 2020 2020 2019 2019 2019 2019 Assets Cash and deposits with banks 321,200 353,566 416,975 329,863 327,993 293,701 360,193 297,852 63,790 51,572 Receivables and other d
Slide 24: Segmental Financials Q2 2021
Segmental Financials Q2 2021 Public Private Asset Investment Investment Principal Corporate AED '000 Real Estate Debt Banking Markets Non-core Corporate Q2 2021 Markets Markets Management Management Banking investment HQ Net Fee and Commission Income 20,925 11,164 1,635 1,362 35,086 0 842 976 1,818
Slide 25: Segmental Financials Q1 2021
Segmental Financials Q1 2021 Private Asset Investment Investment Principal AED '000 Real Estate Public Markets Debt Banking Markets Non-core Others Corporate Q1 2021 Markets Management Management Banking investment Net fee and commission income 57,331 10,819 2,141 3,986 74,277 0 223 305 528 20,254 1
Slide 26: Segmental Financials Q2 2020
Segmental Financials Q2 2020 Public Private Investment Asset Investment Principal AED '000 Real Estate Banking Markets Non-core Others Corporate Q2 2020 Markets Markets Solutions Management Banking investment Net fee and commission income 21,405 5,201 694 2,943 30, 243 0 517 517 21,620 1,293 14 22,9
Slide 27: Board of Directors and Management Team
Board of Directors and Management Team
Slide 28: Steered by a strong and diversified Board of Directors
Steered by a strong and diversified Board of Directors Fadhel Alali – Chairman Fadhel Alali is currently Deputy CEO and Group Chief Operating Officer of First Abu Dhabi Bank (FAB). Prior to joining FAB in 2017, Mr. Alali was the CEO of Dubai Holding, a global group with assets of USD 35 billion
Slide 29: …and led by an experienced executive and senior management team
…and led by an experienced executive and senior management team Bechara Raad Joachim Mueller Chief Operating Officer Chief Financial & Risk Officer 30+ years of professional experience, including 20+ years of international experience including senior COO at Credit Suisse for MEA and COO at Audi posi
Slide 30: Disclaimer
Disclaimer THIS PRESENTATION IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. THIS PRESENTATION MAY NOT BE PUBLISHED OR FURTHER DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO ANY OTHER PERSON IN ANY JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO WOULD BE UNLAWFUL. By
Slide 31: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information This document contains forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the
Slide 32: SHUAA Capital psc Head Office
SHUAA Capital psc Head Office: The H Hotel Dubai, Offices Tower, Level 15, Office No. 1502 P.O. Box: 31045, Dubai, United Arab Emirates Tel: +971 (4) 330 3600, Fax: +971 (4) 330 3550, E-mail: info@shuaa.com, Website: www.shuaa.com A financial investment company licensed and regulated by the U.A.E. S
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