Kuwait Projects Company Holding (K.S.C.P.) · KSE:KPROJ
Kuwait Projects Company Holding (K.S.C.P.) — Kuwait Projects Company Holding (KIPCO) — Investor Presentation (March 2009)
14 slides from Kuwait Projects Company Holding (K.S.C.P.)'s investor presentation, Mar 30, 2009
Slide 1: Managing Today for a Better Tomorrow
Managing Today for a Better Tomorrow March 30, 2009
Slide 2: Disclaimer
Disclaimer This presentation is not an offer or invitation to subscribe for or purchase any securities. No warranty is given as to the accuracy or completeness of the information in this presentation. You must make your own independent investigation and appraisal of the business and financial condit
Slide 3: Agenda
Agenda 2008: Year in Review 2009: Managing Today 3 3
Slide 4: KIPCO Share Price …Driven by Market Conditions
KIPCO Share Price …Driven by Market Conditions 1,500 Market Analysis Amount in Fils NAV* Book Value 1,000 Current Value 878 519 fils 500 KSE (46)% KIPCO (56)% Investment Current Price 385 385 Sector (62)% 0 Jan-08 Mar-08 May-08 Aug-08 Oct-08 Dec-08 Mar-09 % Discount 56% 26% Kuwait Stock Exchange Kuw
Slide 5: …than the Operating Performance of KIPCO…
…than the Operating Performance of KIPCO… Total Revenues Net Income KD Million KD Million 84 440 417 67 50 60 228 38 166 25 83 24 2004 2005 2006 2007* 2008 2004 2005 2006 2007* 2008 Consolidated Assets Shareholders’ Equity KD Million KD Million 5,178 663 4,279 544 212 232 1,359 166 807 1,064 2004 20
Slide 6: …Burgan Bank Operating Performance….
…Burgan Bank Operating Performance…. Net Interest Income Operating Income KD million KD million 5 % : 33% th: 1 Grow th OY Grow YOY Y 121 68 51 Market* average Market* average growth = 23% 106 growth = 16% 2007 2008 2007 2008 Net Profit Bridge – (Operating Income = 100%) Adjusted Net Profit % Net Pr
Slide 7: …and other Core Companies
…and other Core Companies United Gulf Bank Gulf Insurance Company KD million KD million 78 74 87 65 Provisions & 74 54 4 17 Investments Impairment 9 Reported 8 Investment 57 Profit 5 Provisions 61 4 Investment Income* Net Income GPW Net Profit* 2007 2008 2007 2008 * 2007 investment income includes K
Slide 8: KIPCO: Growing Financial Strength
KIPCO: Growing Financial Strength Quality of Operating Income 17th year of continuous profitability Visibility of income stream of core companies Strong Liquidity Position Cash and liquid investments of KD 166 million (US$600 million) at parent level Solid Maturity Profile of Liabilities Pro
Slide 9: Agenda
Agenda 2008: Year in Review 2009: Managing Today 9 9
Slide 10: 2009: KIPCO Group Companies Update
2009: KIPCO Group Companies Update Stability in loan book quality – Best NPL ratio in industry (Dec’08 - 1.4%) Strong operating results of YTD Feb’09 vs Budget Burgan Bank ¾ Operating profits up by 18% ¾ Net interest spread up by 50 bps Good visibility of 2009 profitability United Gulf Asset
Slide 11: KIPCO: Managing Today
KIPCO: Managing Today Focus on Core Companies ¾ Improve the operating cash flows ¾ Reduce average cost of ownership Operations ¾ Deeper & faster regionalization Maintain Financial Discipline ¾ Robust liquidity management ¾ Cost saving plan across the group Launch of New Initiatives ¾ Savings &
Slide 12: 2009: KIPCO Group Companies Outlook
2009: KIPCO Group Companies Outlook Group core operating income expected to increase by 39% (from KD 95 million in 2008 to KD 132 million in 2009) Burgan Bank Burgan (Consolidated) profit expected to increase by 60%-70% Renewed focus on liability, cost and risk management Strengthen the bala
Slide 13: 2009: KIPCO Outlook
2009: KIPCO Outlook Market conditions tough Good visibility for double digit revenue growth: 10% + Expecting to deliver close to triple digit growth in profitability in 2009 Investment performance is the wild card KIPCO Consolidated investment assets of KD 342 million (US$1.2 billion) as o
Slide 14: Shafafiyah Forum
== SHAFAFIYAH 2 FORUM 2005 =: Fora Better Tomorrow —_—
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