Kuwait Financial Centre Kpsc · KSE:MARKAZ
Kuwait Financial Centre Kpsc — Q3 2023 Earnings Presentation
20 slides from Kuwait Financial Centre Kpsc's earnings presentation, Nov 16, 2023
Slide 1: Earnings Presentation Q3 2023
Earnings Presentation Q3 2023 j—4y—al| MARKAZ|
Slide 2: Contents
Q3 2023 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 14.04 mn Total Revenue KD 5.9 mn KD 7.77 mn Management Fees & Commission Return on Principal Investments Net Rental Income KD 2.14 mn Management Fees & Commission declined Asset Management KD 5.44 mn KD 0.37 mn Interest and Dividend KD 2.03 mn by 37% from KD 9.3 mn in 2
Slide 4: Nine-month 2023 results summary and chairman's comments
Kuwait, 09 November 2023 - Kuwait Financial Centre “Markaz” (KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ: KK) reported its financial results for the nine months ended 30 September 2023 with Total Revenues of KD 14.04 million, as compared to KD 11.24 million in 9M 2022, reflecting a year-on-yea
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
MENA Investment Bank of the Best Investment Bank Best Asset Manager / Best Private Bank Year/Excellence in Real Estate in Kuwait/Best Private Bank Best Investment Bank in Kuwait In Kuwait Investment in Kuwait By: MEED By: Global Finance By: EMEA Finance By: WealthBriefing Kuwait Wealth Manager of Mi
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 802 million Total AUM of KD 357 million Asset management continues to implement Markaz’s long term bottom up investment approach along with MENA Real E
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 Q3 2023, the investment banking team successfully Publishes MENA focused research reports and bespoke consulting concluded the first Tranche of the
Slide 10: Q3 2023 Revenue and Net Profit
Q3 2023 Revenues growth on y-o-y basis Q3 2023 Net Profit (KD 000’s) Total Revenue has increased primarily due to the sale of The net profit has been increased influenced by certain investment in investment properties. revenues generated from the sale of investment properties, which supported th
Slide 11: Return on Equity and Dividend Per Share
Return on Equity1 Dividend Per Share and Payout Return on Equity of 3.0% on LTM basis as it was Board of Directors approved a cash dividend of 5 Fils improved due to an increase in Interest Income, Dividend per share a payout of 83% on the EPS income and Income from Real Estate Activities In 2
Slide 12: Q3 2023 Revenue Analysis
Period Ended Y-o-Y (KWD 000's) Growth Q3 2023 Q3 2022 (%) Management Fees and Commission 5,899 9,304 (37%) Q3 2023 Revenue Analysis Interest income 706 305 131% 7,774 Dividend income 1,328 779 70% Loss from financial assets at fair value through P/L (2,184) (948) (130%) 5,899 (Loss)/ Gain from Inves
Slide 13: Balance Sheet Key Metrics
(KWD 000's) Sep Dec Sep 2023 2022 2022 ASSETS Asset Under Management Cash and bank balances 9,185 15,112 9,845 Time deposits 1,667 2,104 2,131 Accounts receivable and other assets 8,907 6,136 7,041 Q3 2023 AUM Q3 2022 AUM Loans to customers 2,604 2,709 768 KD 1,159 million KD 1,142 million Investmen
Slide 14: Management Fees & Commission
Management Fees & Commission (KD 000’s) (40)% CAGR 3,304 1,965 2,105 1,978 1,816 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Asset Management Fees1 (KD 000’s) Investment Banking Fees (KD 000’s) (39)% (52)% CAGR CAGR 2,989 315 243 1,867 1,752 1,862 1,826 152 98 64 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023
Slide 15: Asset Management Fees, AUM and Annualized Fees
Asset Management Fees1 (KD 000’s) AUM (KD million) 1,173 2,989 1,159 1,154 1,142 1,867 1,752 1,862 1,826 1,126 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Annualized Management Fees (%) 1.05% 0.65% 0.62% 0.64% 0.63% Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 1. Asset
Slide 16: Return on Principal Investments
Income Returns (KD 000’s) Investment Assets1 (KD million) 4,956 199 3,849 3,664 189 186 181 166 (846) (1,392) Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Annualized Income Returns (%) 11.9% 8.2% 8.1% (2.8)% (1.8)% Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 1. Investm
Slide 17: Capital Structure and Returns
Return on Assets1 (%) Sep Dec Sep 1.6% (KD 000's) 2023 2022 2022 1.4% 0.8% Bank borrowings 25,195 29,015 36,801 Bonds Issued 35,000 35,000 35,000 -0.4% Total Debt 60,195 64,015 71,801 Cash and Bank Balance 9,185 15,112 9,845 Time Deposits 1,667 2,104 2,131 -3.9% Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 20
Slide 18: Shareholders and Corporate 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% Al Mubader Co Direct 5.13% 2022 Proposed Dividends Cash Dividend – 5 Fils Per Share KD 35,000,000 unsecu
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
+965 2224 8000 | info@markaz.com markaz.com
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