National Investments Co. KSC Closed · KSE:NINV
National Investments Co. KSC Closed — National Investments Company — Analysts Conference YE 2022
21 slides from National Investments Co. KSC Closed's conference presentation, Mar 21, 2023
Slide 1: Disclosure letter to Boursa Kuwait
Eby SpA SL Poe ose 21/03/2023 ALydiayo NIC - 3-25/104/10970 Antal eb $ awk N og] UlyLatti awXl aS wb aONaT INVESTMENTS COMPANY} Date: 2 1 MAR 2023 To: Boursa Kuwait Company Dear Sirs, Subject: Analysts/ Investors Conference For the Year ended 31 December 2022 With reference to the above subject, and
Slide 2: Disclosure of Material Information Form
Aga gall Gila glaall Ge Claaby! Ch gai Disclosure of Material Information Form 21 MAR 2023 Name of the Listed Company Aa pial! AS al) au! National Investments Company (K.S.C.P) (Eh a.) Auth ll Gol Lai) ds 8 Material Information National Investments Company (NIC) has held the Analysts/ Investors Conf
Slide 3: National Investments Company Analysts Conference YE 2022
National Investments Company Analysts Conference YE 2022 1
Slide 4: Disclaimer
Disclaimer ❖ This presentation has been prepared and issued by National Investments Company (“NIC”), a Public Kuwaiti Shareholding Company based on internally developed data and analysis. ❖ The information provided in this presentation and the subsequent discussions does not represent an offer to bu
Slide 5: Presented By
Presented By Mr. Almuthana M. Al Maktoum Mr. Girish S. Nair Mr. Bashar Khan Executive Vice President Chief Financial Officer Senior Vice President Wealth Management Sector Finance and Accounts Sector Investment Banking Sector 3
Slide 6: Agenda
Agenda Content Page FINANCIAL HIGHLIGHTS 5 OUR STRATEGY FOR THE FUTURE 13 Q&A 16 APPENDICES 17 4
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 8: YE 2022 Key Financial Highlights
YE 2022 Key Financial Highlights ❖ Net profit of KWD 8.7 Million during YE 2022 as compared to KWD 24.4 Million during YE 2021. Key Financial Metrics YE 2021 YE 2022 Income statement Net profit (million)* KWD 24.4 KWD 8.7 Earnings per share 31 fils 11 fils Total comprehensive income (million)* KWD 5
Slide 9: YE 2022 Financial Performance
YE 2022 Financial Performance ❖ Trajectory of NIC’s quarterly performance since YE 2021. ❖ Kuwait All Share Index increase by 3.5% during YE 2022 as compared to 27% during YE 2021. Net Profit (Loss)* Total Comprehensive Income (Loss)* (KWD Million) (KWD Million) 30 60 50.0 24.39 50 25 40 34.5 20 15.
Slide 10: YE 2022 Income Drivers and Expenses
YE 2022 Income Drivers and Expenses Income of KWD 19.9 Million and Expenses of KWD 10.4 Million. ❖ Fee income and dividend income contributed 55% and 43% respectively to the total income. ❖ Total expenses of KWD 10.4 Million for YE 2022 are lower than KWD 11.1 Million for YE 2021. *Note: Expenses ex
Slide 11: YE 2022 Fee Income Analysis
YE 2022 Fee Income Analysis ❖ Total fee income increased by 19%. ❖ The increase in total fee income is on account of: • Advisory fees and other income grew by 755%. • Brokerage fees from Al Waseet Financial Business K.S.C.C. grew by 11%. % Contribution to Total Fee Income 52% 45% YE 2021 YE 2022 41%
Slide 12: YE 2022 Earnings and Dividend Per Share
YE 2022 Earnings and Dividend Per Share ❖ Earnings Per Share of 11 fils and Proposed Dividend Per Share of 28 fils for YE 2022. EPS (fils) and Share Price (fils) Dividend (fils) & Dividend Yield (%) 35 500 444 30 450 50 25.0% 30.7 400 45 25 20.5% 40 20.0% 350 20 300 35 19.3 300 15 219 237 30 11.8% 1
Slide 13: YE 2022 Profile of Assets
YE 2022 Profile of Assets ❖ Assets under management increased by 3% during YE 2022. ❖ Total assets declined by 7% during YE 2022 mainly due to dividend distribution for 2021. Assets Under Management (KWD Million) Total Assets (KWD Million) 1,400 350 300 291 1,300 271 250 1,200 215 221 1,121 200 1,08
Slide 14: Sectors
Sectors Investment Banking MENA Securities Real Estate Advisory Alternative Investments ❖ Assets under management (AUM) increased ❖ NIC is working on several live mandates ❖ As market conditions continue to ❖ Continued to improve the collection rates by 3% due to the growth initiatives taken. includ
Slide 15: Our Strategy for the Future
OUR STRATEGY FOR THE FUTURE
Slide 16: Key Elements of our Growth Strategy
Key Elements of our Growth Strategy We continue to work towards our growth strategy focusing on a number of key initiatives. Key Element Build AUM ❖ Drive product development: The objective is to add AUM going forward. Key product areas include Venture Capital (VC) and International Real Estate prod
Slide 17: Case Studies: Co-investments
Case Studies: Co-investments Case Study Boursa Kuwait Kuwait Foundry Amazon Kitzingen Amazon Contwig Investment Thesis Acquisition (14.4%) of a Acquisition (21.3%) of a Senior financing for the Mezzanine investment for the strategically important asset mispriced asset with intrinsic development of a
Slide 18: Thank You Q&A
THANK YOU Q&A Sharq – Jaber Al Mubarak street – Block 7 – Al Khaleejia Complex www.nic.com.kw
Slide 19: Appendix 1: YE 2022 Consolidated Income Statement
Appendix 1: YE 2022 Consolidated Income Statement YE 2022 YE 2021 Change KWD'000 KWD'000 % INCOME Realized gain on financial assets at FVTPL 1,700 3,905 -56% Unrealized (loss) gain on financial assets at FVTPL (4,876) 19,093 -126% Change in fair value of investment properties 982 (365) 369% Gain on
Slide 20: Appendix 2: YE 2022 Consolidated Comprehensive Income
Appendix 2: YE 2022 Consolidated Comprehensive Income YE 2022 YE 2021 Attributable to Total Attributable Total NCI NCI Parent Co. Consolidated to Parent Co. Consolidated KWD’000 KWD’000 KWD’000 KWD’000 KWD’000 KWD’000 Profit for the year 8,736 433 9,169 24,390 2,878 27,268 Other comprehensive income
Slide 21: Appendix 3: YE 2022 Consolidated Financial Position
Appendix 3: YE 2022 Consolidated Financial Position 31-Dec-22 31-Dec-21 Change KWD’000 KWD’000 % ASSETS Cash and balances with banks and financial institutions 32,396 39,365 -18% Financial assets at FVTPL 102,196 111,209 -8% Trading properties 278 284 -2% Loans 341 61 459% Financial assets at FVOCI
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