Kuwait Financial Centre Kpsc · KSE:MARKAZ
Kuwait Financial Centre Kpsc — Q1 2024 Earnings Presentation
20 slides from Kuwait Financial Centre Kpsc's earnings presentation, May 8, 2024
Slide 1: Earnings Presentation Q1 2024
Earnings Presentation Q1 2024 j—4y—al| MARKAZ|
Slide 2: Agenda
Q1 2024 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 6.06 mn Total Revenue KD 1.8 mn KD 4.56mn Management Fees & Commission Return on Principal Investments Net Rental Income KD 0.1 mn Management Fees & Commission declined Asset Management KD 1.7 mn KD (0.3) mn Interest and Dividend KD 0.7 mn by 1.4 % from KD 1.82 mn in Q1
Slide 4: Q1 2024 results press summary
Kuwait, 8 May 2024 - Kuwait Financial Centre “Markaz” (KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ: KK) reported its financial results for the quarter ended 31 March 2024 with Total Revenues of KD 6.06 million, as compared to KD 1.19 million in Q1 2023. Net Profit attributable to shareholders
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 regional 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
Best Asset Manager / 2023 Market Leader MENA Investment Bank of the Best Investment Bank Best Investment Bank in Kuwait Year/Excellence in Real Estate in Kuwait/Best Private Bank By: Euromoney Investment in Kuwait By: EMEA Finance By: MEED By: Global Finance Best Private Bank Kuwait Wealth Manager o
Slide 8: Asset Management and Real Estate Investments
Asset Management Real Estate Investments GCC Equity Funds, Fixed Income Fund, Others: Middle East and North Africa, International: Total AUM of KD 915 million Total AUM of KD 384 million Asset management continues to implement Markaz’s long term bottom up investment approach along with active MENA
Slide 9: Investment Banking and Research
Investment Banking Research M&A, Advisory, Equity & Debt Capital Markets, IPOs and restructuring: Mena focused Research, Consulting Services: During Q1 2024, the investment banking team successfully Publishes MENA focused research reports and bespoke consulting concluded the merger of Al Mazaya
Slide 10: Q1 2024 Revenue and Net Profit Growth
Q1 2024 Revenues growth on y-o-y basis Q1 2024 Net Profit (KD 000’s) Total Revenue has increased mainly due to the positive changes in fair The net profit has been increased influenced by value of investments at fair value through profit or loss, in addition to the revenues generated from positi
Slide 11: Return on Equity and Dividend Per Share
Return on Equity1 Dividend Per Share and Payout Return on Equity of 9.6% on LTM basis as it was In 2024, Board of Directors recommended a cash improved due to an increase in Interest Income, Dividend dividend of 6 Fils per share a payout of 75% on the income and due to the positive changes in fa
Slide 12: Q1 2024 Revenue Analysis
Period Ended Y-o-Y (KWD 000's) Growth Q1 2024 Q1 2023 (%) Q1 2024 Revenue Analysis Management Fees and Commission 1,791 1,816 (1%) Interest income 305 209 46% 4,569 Dividend income 390 322 21% Gain/(loss) from financial assets at fair value through P/L 2,483 (2,836) 188% Loss from financial liabilit
Slide 13: Balance Sheet Key Metrics and AUM
(KWD 000's) Mar Dec Mar 2024 2023 2023 ASSETS Asset Under Management Cash and bank balances 7,414 6,639 17,176 Time deposits 505 272 1,502 Accounts receivable and other assets 5,505 6,020 5,227 Q1 2024 AUM Q1 2023 AUM Loans to customers 2,518 2,565 2,658 KD 1,299 million KD 1,126 million Investments
Slide 14: Management Fees and Commission Trend
Management Fees & Commission (KD 000’s) (1.4)% CAGR 2,105 2,114 1,978 1,816 1,791 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Asset Management Fees1 (KD 000’s) Investment Banking Fees (KD 000’s) (3.5)% 58% CAGR CAGR 1,862 1,826 380 1,752 1,734 243 1,690 152 101 64 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024
Slide 15: Asset Management Fees, AUM and Annualized Fees
Asset Management Fees1 (KD 000’s) AUM (KD million) 2,105 2,114 1,299 1,978 1,212 1,173 1,159 1,816 1,791 1,126 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Annualized Management Fees (%) 0.62% 0.63% 0.63% 0.57% 0.52% Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 1. Asset
Slide 16: Return on Principal Investments
Income Returns (KD 000’s) Investment Assets1 (KD million) 186 181 166 160 8,706 154 4,956 4,569 3,664 (846) Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Annualized Income Returns (%) 20.3% 11.2% 11.6% 7.9% -1.8% Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 1. Investment
Slide 17: Capital Structure and Returns
Return on Assets1 (%) Mar Dec Mar (KD 000's) 2024 2023 2023 5.7% Bank borrowings 11,678 9,413 30,376 2.4% 1.6% Bonds Issued 35,000 35,000 35,000 Total Debt 46,678 44,413 65,376 -0.4% Cash and Bank Balance 7,414 6,639 17,176 -3.9% Time Deposits 505 272 1,502 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 To
Slide 18: Shareholders 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% 2023 Aproved Al Mubader Co Direct 5.13% Cash Dividend – 6 Fils Per Share Dividends KD 35,000,000 unsecur
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 contact details
+965 2224 8000 | info@markaz.com markaz.com
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