Kuwait Projects Company Holding (k.s.c.p.) · KSE:KPROJ
Kuwait Projects Company Holding (k.s.c.p.) — Kuwait Projects Company Holding (KIPCO) — Shareholder Meeting (April 2024)
14 slides from Kuwait Projects Company Holding (k.s.c.p.)'s shareholder meeting presentation, Apr 23, 2024
Slide 1: Preserve & Grow
Preserve & Grow 23 April 2024 1
Slide 2: Disclaimer
This presentation is not an offer to subscribe to or purchase any securities. No warranty is given as to the accuracy or completeness of the information on this presentation. You must make your own independent investigation and appraisal of the business and financial condition of KIPCO. Nothing in t
Slide 3: Our Mission
Our Mission Our mission: Preserve and grow stakeholders’ value Our areas of thrust: • Unlock value by enhancing synergies across Group companies Our vision: • Achieve a balance in the sector allocation of the investment portfolio To be an agile investment holding to enhance shareholders’ return and
Slide 4: Our Strategic Priorities since 2022
Our Strategic Priorities since 2022 1 Strengthen the performance of key portfolio investments & identify growth & investment opportunities in focused sectors 2 Strengthen governance & enhance synergies across the Group companies 3 Strengthen the company’s capital structure 4 Foster innovation & sust
Slide 5: Challenging Operational Environment
Challenging Operational Environment High interest rates High inflation rates Geopolitical tensions Commerce conflicts Fluctuating oil prices The dependency of the High interest rates and High inflation rates, while Geopolitical tensions and Middle East, especially potential delays in relatively unde
Slide 6: Our Journey to Preserve & Grow
Our Journey to Preserve & Grow NAPESCO acquires UOP …Through High Impact Transactions Oil services portfolio efficiencies Acquisition of 52% stake in BB Turkey from Burgan Bank Release of 200bps of Merger with QPIC regulatory CAR at Burgan ▲Net assets KD603m Bank ▲Shareholders’ equity KD566m OSN+ &
Slide 7: The Sale of GIG
The Sale of GIG • Sale of KIPCO Group’s 46.32% in Gulf Insurance Group to Fairfax Financial Holdings • Closed in December 2023 • Transaction valued at 2.4x book value • Proceeds of KD 256.5 million • Realized net profit of KD 73 million 7
Slide 8: OSN Group
OSN Group Merger of OSN+ with Anghami Studio deals Launch of OSNtv Content & studio deals secured The creation of a media tech company Unlocking synergies 120m users US$100m combined for better products 2.5m subscribers Combines live satellite channels revenue & innovation & GooglePlay store apps se
Slide 9: KIPCO's 2023 results
KIPCO’s 2023 results On a growth trajectory, driven by high impact transactions and successful efforts to enhance the performance of our portfolio companies. Total revenue Net Profit Total Assets Shareholders’ Equity Book Value (KD billion) (KD million) (KD billion) (KD million) (fils per share) 1.3
Slide 10: 2023 Group Performance Highlights
2023 Group Performance Highlights Our portfolio companies are on track to growth, reflecting efforts to enhance their performance. Net profit* Net Profit Net Profit Net Profit Net Profit ▲ ▲ ▲ ▲ ▲ 50% 216% 26% 24% 37% Shareholders’ Equity Recurring Revenue Student Population AUM Engagement** ▲ ▲ ▲ ▲
Slide 11: Asset allocation in our investment portfolio
Asset allocation in our investment portfolio Kuwait is our base, and we also see strategic alignment of interest with the development plans in the region. By Geography By Sector Other countries Turkey 3% Real Estate Media Other Sectors 2% 3% Bahrain 3% 7% 4% UAE 3% Industrial & Oil Services 4% Jorda
Slide 12: Sector Focus
Sector Focus As we work to drive sustainable growth & enhance stakeholders’ value, we focus our efforts on six key sectors: Digitization of services & enhanced technical infrastructure across all sectors Industrial & Oil Financial Services Petrochemicals Foodstuff Health & Education Real Estate Serv
Slide 13: Preserve & Grow
Preserve & Grow We continue to take steps to deliver on our mission to preserve and grow KIPCO by creating long-term value and sustainable growth that meet present needs, while supporting future ones. 13
Slide 14: Thank you
Thank you 14
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