Kuwait Projects Company Holding (K.S.C.P.) · KSE:KPROJ
Kuwait Projects Company Holding (K.S.C.P.) — FY 2023 Earnings Presentation
16 slides from Kuwait Projects Company Holding (K.S.C.P.)'s earnings presentation, March 2024
Slide 1: KIPCO FY 2023 Investor Call
KIPCO FY 2023 INVESTOR CALL March 2024
Slide 2: Disclaimer
Kuwait Projects Company (Holding) Q4 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 Q4
Kuwait Projects Company (Holding) Q4 2023 Investor Call HIGHLIGHTS FOR Q4
Slide 4: Recent business highlights
Kuwait Projects Company (Holding) Q4 2023 Investor Call Recent business highlights 19% ❖ Positive performance driven by foreign banking operations, foodstuff, logistics FY 2023 and oil field services net profit growth ❖ Partial prepayment of US$ 330 million (KD 101.4 million) of the US$ 525 million
Slide 5: Recent business highlights
Kuwait Projects Company (Holding) Q4 2023 Investor Call Recent business highlights ❖ Signed a conditional binding agreement to combine OSN’s streaming business, OSN+, with Anghami ❖ Al Rawabi purchases 52% stake in Burgan Bank Turkey, raising KIPCO Group’s effective ownership in the bank to 81.5% ❖
Slide 6: Financial highlights
Kuwait Projects Company (Holding) Q4 2023 Investor Call Financial highlights Revenue Net profit (1) Total assets (US$ billion) (US$ million) (US$ billion) 3.4 4.2 82.4 97.9 37.1 40.2 24% 19% 8% 2022 2023 2022 2023 2022 2023 (1) Attributable to the equity holders of the company 6 Note: 2022 Financial
Slide 7: FY 2023 income breakdown
Kuwait Projects Company (Holding) Q4 2023 Investor Call FY 2023 income breakdown Interest income Net fee & commission income Media & digital satellite network (US$ billion) (US$ million) (US$ million) 1.3 1.9 220.5 307.7 269.9 256.6 46% 40% 5% 2022 2023 2022 2023 2022 2023 Hospitality and real estat
Slide 8: Portfolio Financial Performance
Kuwait Projects Company (Holding) Q4 2023 Investor Call PORTFOLIO FINANCIAL PERFORMANCE
Slide 9: Burgan Bank Group
Kuwait Projects Company (Holding) Q4 2023 Investor Call Burgan Bank Group Operating income (1) Net income (2) ❖ The bank capped off a pivotal transformational (US$ million) (US$ million) year with healthy revenue, stable asset levels & solid capital base 743 723 170 142 ❖ Strategic reallocation of i
Slide 10: Jordan Kuwait Bank
Kuwait Projects Company (Holding) Q4 2023 Investor Call Jordan Kuwait Bank Total income Net profit (1) ❖ In June, the bank acquired a 76.972% stake in (US$ million) (US$ million) UAE-based BHM Capital Financial Services. It 196.9 397 26.4 83.4 then sold 66.97% in October to Ethmar International Hold
Slide 11: SADAFCO
Kuwait Projects Company (Holding) Q4 2023 Investor Call SADAFCO Revenue* Operating profit* ❖ Financial position remains strong with US$ 273 (US$ million) (US$ million) million (SAR 1.023 billion) cash balance 528.0 563.1 74.6 90.5 ❖ Launched innovative products under SAUDIA by Mezete, expanding the
Slide 12: United Gulf Holding
Kuwait Projects Company (Holding) Q4 2023 Investor Call United Gulf Holding Revenue Fee & commission (US$ million) (US$ million) ❖ Kamco Invest reported a net profit of 186.7 189.8 72.8 48.7 KD 0.75m (US$ 2.4 million) for 2023 versus net profit of KD 5.5 million (US$ 18.0 million) in 2022 1.7% 33% 2
Slide 13: United Real Estate
Kuwait Projects Company (Holding) Q4 2023 Investor Call United Real Estate Revenue Operating income ❖ Key segments: (US$ million) (US$ million) • 36% increase in rental & hospitality 276 285 (57) 82 income • 20% decline in contracting & services 3% 244% revenue ❖ 3% increase in revenue for 2023 at U
Slide 14: Logistics, energy and healthcare
Kuwait Projects Company (Holding) Q4 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) 89.5 93.9 121 129 540 550 5% 6% 2% 2022 2023 2022 2023 2022 20
Slide 15: OSN business update
Kuwait Projects Company (Holding) Q4 2023 Investor Call OSN Key business updates: ❖ OSN continues to work on closing the merger between Anghami and OSN+. The deal, subject to regulatory and antitrust approval will create a streaming powerhouse in the MENA region with 120 million users, 2.5+ million
Slide 16: Thank you
Kuwait Projects Company (Holding) Q4 2023 Investor Call THANK YOU
Kuwait Projects Company (Holding) K.S.C.P. (KIPCO) — FY 2023 Earnings Presentation on 6ix