GFH Bank B.S.C. · BAHRAIN:GFH
GFH Bank B.S.C — GFH Financial Group — FY2021 Earnings Presentation
15 slides from GFH Bank B.S.C's earnings presentation, Feb 10, 2022
Slide 1: GFH Financial Group: Another year of strong performance
GFH Financial Group Another year of strong performance Presentation to the Investors on 2021 Results 10 February 2022 1 |
Slide 2: Importance Notice and Forward-Looking Statements
Importance Notice and Forward-Looking Statements Important notice The information set out in this presentation and subsequent webcast does not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation of any offer to purchase any securities or other financi
Slide 3: GFH Group at a Glance
GFH Group at a Glance Regulated by: Dividends: Liquidity profile: Returns: CBB - Bahrain Regular dividend paying ~USD 2.2 billion in ROE for 2021 at 9% and DFSA - UAE from 2016, average of liquid assets at end of EBITDA margin ~65% CMA - KSA ~7% yield 2021 Credit Rating: Listed on: Assets & Regulato
Slide 4: Table of Contents
Table of Contents 1. 2021 Results at a Glance 2. Income statement components 3. Balance sheet growth 4 | Presentation to the Investors – 2021 YE results
Slide 5: Continue to report strong results with ROE at 9%
Continue to report strong results with ROE at 9% and 87% growth in shareholder profits Investment banking business 3 deals placed in Q4, taking 1 total deal closed in year to 9. Gross income from investment banking of $110.4m Higher contribution from KHCB, adding another $5.1m in 2 Q4 net profit to
Slide 6: Comparison of performance compared to previous year
Comparison of performance compared to previous year $m YTD numbers 2021 2020 % Q4 numbers 2021 2020 % change change Consolidated profit 92.6 49.3 88% Consolidated profit 24.3 19.0 28% Shareholders profit 84.2 45.1 87% Shareholders profit 23.9 21.9 9% Total income 398.7 323.4 23% Total income 128.1 1
Slide 7: Table of Contents
Table of Contents 1. 2021 Results at a Glance 2. Income statement components 3. Balance sheet growth 7 | Presentation to the Investors – 2021 YE results
Slide 8: Total income for the year has increased by 23% compared to 2020
Total income for the year has increased by 23% compared to 2020 $000s 2021 2020 % change Investment banking income 110,387 80,631 37% Commercial banking income 71,825 65,313 10% Income from proprietary investments 28,889 29,290 -1% Real estate income 29,844 19,457 53% Treasury and other income 157,8
Slide 9: Q4 performance higher compared to Q4 2020
Q4 performance higher compared to Q4 2020 $000s Q4 2021 Q4 2020 Investment banking income 52,247 14,851 Commercial banking income 13,336 20,485 Income from proprietary investments 4,101 2,501 Real estate income 13,440 5,631 Treasury and other income 45,017 65,824 GROSS OPERATING INCOME 128,141 109,2
Slide 10: Performance ratios better than 2020
Performance ratios better than 2020 Net profit Margin 26% 23% Average 21% 19% 20% 18% Average 13% 13% 12% 7% Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 73% Average 54% 56% 53% 52% 53% Average 51% 51% 45% 38% Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 1 Excluding Treasury income , Financeex
Slide 11: Higher contributions from each business line and their Q4 contributions
Higher contributions from each business line and their Q4 contributions $000s 2021 income 2021 Q4 2021 contribution Investment banking income 110,387 28% 52,247 Commercial banking income 71,825 18% 13,336 Income from proprietary investments 28,889 7% 4,101 Real estate income 29,844 7% 13,440 Treasur
Slide 12: Table of Contents
Table of Contents 1. 2021 Results at a Glance 2. Income statement components 3. Balance sheet growth 12 | Presentation to the Investors – 2021 YE results
Slide 13: 23% growth in total assets in 2021
23% growth in total assets in 2021 $000s Dec 2021 Dec 2020 ASSETS Cash and bank balances 722,471 536,502 Leverage and money market funds deployed in Treasury portfolio 3,089,925 1,878,546 Treasury portfolio Financing assets 1,311,002 1,267,266 Real estate investment 1,905,598 1,812,315 Proprietary i
Slide 14: Stable net debt to equity and Capital adequacy ratios
Stable net debt to equity and Capital adequacy ratios Debt equity ratios 3.89 3.34 3.17 3.03 2.73 1.07 1.02 1.01 0.91 0.91 YE 20 Q1 21 Q2 21 Q3 21 Q4 21 Debt to equity Net Debt to equity 13.49% 13.50% 13.25% 13.15% 13.16% Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Capital adequacy ratio 14 | Presentati
Slide 15: Thank You
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