Boursa Kuwait Securities Company (K.P.S.C) · KSE:BOURSA
Boursa Kuwait Securities Company (K.P.S.C) — Boubyan Bank — Q2 2019 Earnings Presentation
22 slides from Boursa Kuwait Securities Company (K.P.S.C)'s earnings presentation, Jul 15, 2019
Slide 1: Cover letter to Boursa Kuwait
Kuwait: 15/07/2019 Ref: 6261/2019 To: The General Manager Boursa Kuwait Dear Sir, Powerpoint presentation of Q2 Analysts’ Conference call Reference is made to the provisions of Article no. (8-4-2) of Boursa Kuwait Rulebook issued by and its the virtue of Resolution no. 1 of 2018 amendments concernin
Slide 2: Boubyan Bank Investors Presentation Q2 2019 Results
Boubyan Bank Investors Presentation Q2 2019 Results – Analyst Call
Slide 3: Disclaimer
DISCLAIMER THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES N
Slide 4: Outline
Outline 1 Boubyan’s Performance & Strategy – At a glance 2 Income statement analysis 3 Balance sheet analysis 4 Capitalisation and Leverage 3
Slide 5: Financial Highlights
Boubyan’s Performance & Strategy - At a Glance Financial Highlights Financial snapshot Market share KD million 6M 2019 6M 2018 Growth % Assets Deposits Financing Portfolio Net Profit to shareholders 28.9 25.7 12% Operating Income 73.9 70.7 5% 8.6% 8.7% Operating Profit 45.2 42.4 7% 6.5% 7.0% 5.8% To
Slide 6: The Bank's strategy builds on robust domestic foundations
Boubyan’s Performance & Strategy - At a Glance The Bank’s strategy builds on robust domestic foundations Strategic objectives ▪ Clear focus on high net worth and affluent clients ▪ Expand branch footprint Retail Banking ▪ Maintain leadership in customer experience ▪ Product and channel innovation ▪
Slide 7: Outline
Outline 1 Boubyan’s Performance & Strategy – At a glance 2 Income statement analysis 3 Balance sheet analysis 4 Capitalisation and Leverage 6
Slide 8: Profitability and performance ratio
Income statement analysis Profitability and performance ratio Net profit (KD Million) Operating profit (KD Million) 12% 7% 25.7 28.9 45.2 42.4 6M 2018 6M 2019 6M 2018 6M 2019 * Return on Average Equity (%) Return on Average Assets (%) 12.4% 1.28% 1.27% 11.1% 6M 2018 6M 2019 6M 2018 6M 2019 * Return
Slide 9: Operating income components and Net Profit Margins
Income statement analysis Operating income components and Net Profit Margins Operating Income (KD Million) * Net Financing Income Operating income Net Financing Income 5% -2% 70.7 73.9 59.5 58.4 6M 2018 6M 2019 6M 2018 6M 2019 Composition on operating income Net Profit Margin % Financing income Inve
Slide 10: Operating costs and efficiency
Income statement analysis Operating costs and efficiency Operating costs (KD Million) Composition of Operating costs* Operating costs Staff costs General & Admin Depreciation 1% 7% 14% 32% 24% 28.3 28.7 60% 62% 6M 2018 6M 2019 6M 2018 6M 2019 Operating efficiency (%) Operating costs to average asset
Slide 11: Provisions and related ratios
Income statement analysis Provisions and related ratios Provisions (KD Million) General Specific Investment/other 15.4 15.0 0.6 7.4 11.5 5.2 2.8 2.9 6M 2018 6M 2019 Loss ratio % Provisions to Operating profit % 0.76% 36.2% 0.66% 33.1% 6M 2018 6M 2019 6M 2018 6M 2019 Source: Financial statements, Bou
Slide 12: Outline
Outline 1 Boubyan’s Performance & Strategy – At a glance 2 Income statement analysis 3 Balance sheet analysis 4 Capitalisation and Leverage 11
Slide 13: Assets and Sources of Funding
Balance sheet analysis Assets and Sources of Funding Total assets (KD Million) Composition of assets 3% 2% 3% 2% 3% 2% 15% 20% 20% 22% 75% 75% 74% 4,167 4,345 4,793 Jun-18 Dec-18 Jun-19 Jun-18 Dec-18 Jun-19 Financing Portfolio *Liquid assets Investments PPE & Other assets Total deposits (KD Million)
Slide 14: Financing Portfolio and asset quality
Balance sheet analysis Financing Portfolio and asset quality Financing Portfolio – KD Million Composition of Financing Portfolio 13% Corporate Retail 43% 44% 42% 3,132 3,262 3,541 57% 56% 58% Jun-18 Dec-18 Jun-19 Jun-18 Dec-18 Jun-19 Non performing Financing Portfolio Loss Coverage ratio NPL - KD Mi
Slide 15: Outline
Outline 1 Boubyan’s Performance & Strategy – At a glance 2 Income statement analysis 3 Balance sheet analysis 4 Capitalisation and Leverage 14
Slide 16: Capital Adequacy
CAPITALISATION AND LEVERAGE Capital Adequacy Capital adequacy ratio Leverage ratio RWA - KD Million Total CAR 21.3% 18.2% 18.2% 11.7% 9.5% 10.0% 2,938 2,704 2,460 Jun-18 Dec-18 Jun-19 Jun-18 Dec-18 Jun-19 Composition of regulatory capital CET1 Additional Tier 1 Tier 2 6% 6% 5% 17% 15% 12% 77% 78% 83
Slide 17: Questions?
Questions ?
Slide 18: Appendix
Appendix
Slide 19: Consolidated Financial Statements – 6M 2019
Consolidated Financial Statements – 6M 2019 CONSOLIDATED STATEMENT OF INCOME30-Jun 30-Jun CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30-Jun 30-Jun KD Million 2019 2018 KD Million 2019 2018 Income Assets Islamic financing income 99.8 87.0 Cash and balances with banks 146 69 Financing cost (41.4) (2
Slide 20: Consolidated Income Statement
Consolidated Income Statement KD Million 31-Dec 31-Dec 31-Dec 2018 2017 2016 Income Murabaha and other Islamic financing income 182.9 149.4 122.7 Distribution to depositors and Murabaha Cost (62.6) (46.0) (34.2) Net finance income 120.3 103.5 88.5 Net investment income 1.1 7.9 4.4 Net fees and commi
Slide 21: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position KD Million 31-Dec 31-Dec 31-Dec 2018 2017 2016 Assets Cash and balances with banks 83.8 48.5 36.9 Deposits with Central Bank of Kuwait 244.7 310.4 292.7 Deposits with other banks 237.1 323.9 329.0 Islamic financing to customers 3,262.3 2,876.8 2,516.8 Inv
Slide 22: Thank you
Thank you