Kuwait Projects Company Holding (K.S.C.P.) · KSE:KPROJ
Kuwait Projects Company Holding (K.S.C.P.) — Kuwait Projects Company Holding (KIPCO) — Q3 2023 Earnings Presentation
15 slides from Kuwait Projects Company Holding (K.S.C.P.)'s earnings presentation, November 2023
Slide 1: KIPCO Q3 2023 Investor Call
KIPCO Q3 2023 INVESTOR CALL November 2023
Slide 2: Disclaimer
Kuwait Projects Company (Holding) Q3 2023 Investor Call This presentation has been made for informational purposes and does not involve an invitation to subscribe to, purchase, or sell any security. No warranty is given on the accuracy or completeness of the information in this presentation. Indepen
Slide 3: Highlights for the Period
Kuwait Projects Company (Holding) Q3 2023 Investor Call HIGHLIGHTS FOR THE PERIOD
Slide 4: Recent business highlights
Kuwait Projects Company (Holding) Q3 2023 Investor Call Recent business highlights 95% ❖ Positive performance driven by foreign banking operations, foodstuff, logistics and oil field services Net profit ❖ In July, KIPCO successfully completed its debut KD denominated Sukuk issuance worth US$ 335.8 m
Slide 5: Financial highlights
Kuwait Projects Company (Holding) Q3 2023 Investor Call Financial highlights Revenue Net profit (1) Total assets (US$ billion) (US$ million) (US$ billion) 1.6 3.0 19.4 37.9 36.9 38.5 88% 95% 4% 9M 2022 9M 2023 9M 2022 9M 2023 YE 2022 9M 2023 (1) Attributable to the equity holders of the company 5 No
Slide 6: 9M 2023 income breakdown
Kuwait Projects Company (Holding) Q3 2023 Investor Call 9M 2023 income breakdown Interest income Fee & commission income Media & digital satellite network (US$ billion) (US$ million) (US$ million) 0.83 1.3 152.4 225.1 201.3 193.6 57% 48% 4% 9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023 Hospitality
Slide 7: Portfolio Financial Performance
Kuwait Projects Company (Holding) Q3 2023 Investor Call PORTFOLIO FINANCIAL PERFORMANCE
Slide 8: Burgan Bank Group
Kuwait Projects Company (Holding) Q3 2023 Investor Call Burgan Bank Group Operating income (1) Net income (2) ❖ Higher revenues driven by strong increase in non- (US$ million) (US$ million) interest income of US$ 336 million 537.2 629.8 133.5 97.5 ❖ Growth in operating income reflects improving oper
Slide 9: Jordan Kuwait Bank
Kuwait Projects Company (Holding) Q3 2023 Investor Call Jordan Kuwait Bank Total income Net profit (1) ❖ In October, the bank successfully sold 66.97% of (US$ million) (US$ million) UAE-based BHM Capital Financial Services to 145.3 272.6 16.0 72.6 Ethmar International Holding for JOD 30.6 million (U
Slide 10: SADAFCO
Kuwait Projects Company (Holding) Q3 2023 Investor Call SADAFCO Revenue* Operating profit* ❖ Higher net sales and improved gross margin (US$ million) (US$ million) resulted in a YoY increase of 60% in net profit 353.4 379.5 54.5 64.9 ❖ Launched ‘barista milk’ targeting out of home customers ❖ Announ
Slide 11: United Gulf Holding
Kuwait Projects Company (Holding) Q3 2023 Investor Call United Gulf Holding Revenue Fee & commission ❖ 82% increase YoY in Interest Income was (US$ million) (US$ million) offset by lower contributions from 123.7 133.2 51.8 43.9 investment income and share of associates. 8% 15% ❖ Kamco Invest posted
Slide 12: United Real Estate
Kuwait Projects Company (Holding) Q3 2023 Investor Call United Real Estate Revenue Operating income ❖ Growth in operating income/operating (US$ million) (US$ million) profit driven by 2% YoY increase in 197.6 201.1 43.1 60.9 operating revenue and reversal of provisions for impairment during 9M 2023
Slide 13: Logistics, energy and healthcare
Kuwait Projects Company (Holding) Q3 2023 Investor Call Logistics, energy and healthcare Jassim Transport & Stevedoring National Petroleum Services Advanced Technology Co. Revenue Revenue Revenue (US$ million) (US$ million) (US$ million) 63.8 70.0 86.4 96.0 404.8 377.5 10% 11% 7% 9M 2022 9M 2023 9M
Slide 14: Business update: OSN
Kuwait Projects Company (Holding) Q3 2023 Investor Call OSN Key business updates: ❖ OSN remains focused on growing its streaming business through optimal use of technology, digital marketing and content diversification. STRATEGY ❖ Aim is to transform OSN into a media tech company with AI at its core
Slide 15: Thank You
Kuwait Projects Company (Holding) Q3 2023 Investor Call THANK YOU
Kuwait Projects Company Holding (KIPCO) — Q3 2023 Earnings Presentation on 6ix