Kuwait Projects Company Holding (K.S.C.P.) · KSE:KPROJ

Kuwait Projects Company Holding (K.S.C.P.) — Kuwait Projects Company (Holding) (KIPCO) — Q1 2023 Earnings Presentation

15 slides from Kuwait Projects Company Holding (K.S.C.P.)'s earnings presentation, May 2023

  1. Slide 1: KIPCO Q1 2023 Investor Call

    KIPCO Q1 2023 INVESTOR CALL May 2023

  2. Slide 2: Disclaimer

    Kuwait Projects Company (Holding) Q1 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

  3. Slide 3: Highlights of the Quarter

    Kuwait Projects Company (Holding) Q1 2023 Investor Call HIGHLIGHTS OF THE QUARTER

  4. Slide 4: Recent business highlights

    Kuwait Projects Company (Holding) Q1 2023 Investor Call Recent business highlights  Positive overall performance across all sectors of the Group 59% portfolio, led by the improvement in commercial banking, energy, industrial & logistic sectors. Net profit  Entered a binding agreement to sell its 4

  5. Slide 5: Financial highlights

    Kuwait Projects Company (Holding) Q1 2023 Investor Call Financial highlights Revenue Net profit (1) Total assets (US$ million) (US$ million) (US$ billion) 529.0 1,023.2 10.4 16.6 37.3 38.6 93% 59% 4% Q1 2022 Q1 2023 Q1 2022 Q1 2023 YE 2022 Q1 2023 (1) Attributable to the equity holders of the compan

  6. Slide 6: Q1 2023 income breakdown

    Kuwait Projects Company (Holding) Q1 2023 Investor Call Q1 2023 income breakdown Interest income Fee & commission income Media & digital satellite network (US$ million) (US$ million) (US$ million) 241.0 426.1 51.1 69.9 69.5 64.1 77% 37% 8% Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Hospitality

  7. Slide 7: Portfolio Financial Performance

    Kuwait Projects Company (Holding) Q1 2023 Investor Call PORTFOLIO FINANCIAL PERFORMANCE

  8. Slide 8: Burgan Bank Group

    Kuwait Projects Company (Holding) Q1 2023 Investor Call Burgan Bank Group Operating income (1) Net income (2)  Net profits were negatively impacted by US$ 21m (US$ million) (US$ million) due to the application of IAS 29 accounting standard for hyperinflation. 171.5 178.6 39.6 24.7  Operating incom

  9. Slide 9: Jordan Kuwait Bank

    Kuwait Projects Company (Holding) Q1 2023 Investor Call Jordan Kuwait Bank Total income Net profit (1)  Completed acquisition of 52% equity stake in (US$ million) (US$ million) Bank of Baghdad (BoB) for US$ 125m during Q1 2023. 39.3 86.3 1.9 32.4  BoB posted solid net profits for Q1 2023, amountin

  10. Slide 10: Gulf Insurance Group

    Kuwait Projects Company (Holding) Q1 2023 Investor Call Gulf Insurance Group Revenue Operating income  Strong performance from the Investment Income (US$ million) (US$ million) covered and exceeded the lower performance - from Insurance operations. 514.5 512.8 35.0 31.4  Total consolidated assets

  11. Slide 11: United Gulf Holding

    Kuwait Projects Company (Holding) Q1 2023 Investor Call United Gulf Holding Revenue Fee & commission  UGH was severely impacted by weaker (US$ million) (US$ million) market dynamics resulting from negative 55.7 38.9 17.6 15.3 sentiment, elevated interest rates, inflation, and concerns about a poten

  12. Slide 12: United Real Estate

    Kuwait Projects Company (Holding) Q1 2023 Investor Call United Real Estate Revenue Operating income  Healthy Q1 performance with visible (US$ million) (US$ million) improvements in income across all key 61.2 76.4 11.5 19.2 segments of URC; - 51% YoY increase in rental - 37% YoY increase in hospital

  13. Slide 13: Logistics, energy, and healthcare

    Kuwait Projects Company (Holding) Q1 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) 21.4 24.2 22.8 32.9 128.1 137.6 13% 44% 7% Q1 2022 Q1 2023 Q1

  14. Slide 14: Business update: OSN

    Kuwait Projects Company (Holding) Q1 2023 Investor Call OSN Key business updates:  OSN remains focused on growing its streaming business STRATEGY through optimal use of technology, digital marketing and content diversification.  OSN continues to achieve cost optimization through Business OPTIMIZAT

  15. Slide 15: Thank you

    Kuwait Projects Company (Holding) Q1 2023 Investor Call THANK YOU

Kuwait Projects Company (Holding) (KIPCO) — Q1 2023 Earnings Presentation on 6ix