A'ayan Leasing & Investment Co. · KSE:AAYAN
A'ayan Leasing & Investment — Q1 2023 Earnings Presentation
26 slides from A'ayan Leasing & Investment's earnings presentation, May 11, 2023
Slide 1: Supplementary disclosure cover letter
CILLC .. A'AYAN LEASING & INVESTMENT CO. cc p. 2023/05/16 :&jUl 23/5/200 .i.i M/s: Disclosure department — CMA Jt4. JJ. — M/s: Boursa Kuwait :Ji9i Peace, mercy, and blessings of Allah be upon you, l Subject: Supplementary disclosure J.rL :Fjj- With reference to the above subject and our previous dis
Slide 2: Supplementary disclosure form
Supplementary disclosure Form Date 2023/05/16 Listed Company Name: :kj. 4.5,y Aayan leasing and investment company K.S.C. P J--J Disclosure little: :L.'i jlj. Supplementary disclosure of Aayan Leasing and Investment j.4 jL .i'lj J U j i J4. Company regarding the Analysts Conference minutes for the 1
Slide 3: Analyst Conference Transcript Q1 2023
Analyst Conference Transcript Q1 March 2023 - Aayan Leasing & Investment co. Good afternoon, everyone and welcome to Aayan Leasing and Investment’s 1Q 2023 results conference call. This is Ahmed Shazly from EFG Hermes. And it’s a pleasure with us on the call today from Aayan’s management, Mr Abdulla
Slide 4: Transcript: company background and milestones
I would like to hand over the presentation to my colleague, Abdullah Al-Shatti. As-salamu alaykum wa rahmatullahi wa barakatuh. First of all, I would like to welcome you on this conference. We are proud today to be in our first analyst conference after a journey for Aayan since the inception and thr
Slide 5: Transcript: subsidiaries and associates
So, this is in a nutshell the major milestones of the company. As you see in this slide, we have a major three subsidiaries I would say and one JV. So, the main subsidiary is the leasing business, Aayan Leasing Holding Company, which we own 100%. East Gate Real Estate Company, our real estate arm, w
Slide 6: Transcript: total assets and liabilities
Total assets increased from KD 138 million to KD 152 million approximately, and the liability, maybe there is a slight increase in that number, which we will explain later the next slide. So, this is in a nutshell our performance of the quarter. Mr Seyed Abu Thahir now will go through the slides and
Slide 7: Transcript: liabilities and equity
a 9% growth level. This is mainly due to the investments in fair value through profit or loss securities and the investment acquisition in associates. In terms of the liabilities, it’s KD 36 million as reported last year has become KD 51 million, mainly with two reasons, one is the KD 10 million fac
Slide 8: Transcript: equity movement
And in terms of the equity, there’s an overall reduction in the equity. As I have explained, this is because of the cash dividend, and the detailed movements will be discussed in the later slides. This is the entire movement of the equity since December 2021, I mean, for the whole last year until th
Slide 9: Transcript: quarter profit and Q&A
current quarter, we have reported KD 6.3 million for this quarter with an increase of 34% as compared to the last year, for the quarter one of 2022. In terms of profit attributable to equity holders, on an average quarterly, we were having during 2022 in the range of KD 2.2 million to KD 2.3 million
Slide 10: Analyst Conference Presentation Q1 2023
Analyst Conference Presentation Q1 2023 – 11th May 2023
Slide 11: Contents
Contents 1 Aayan’s Board of Directors and Executive Management 2 Company Overview & Recent Developments 3 Financial Highlights 4 Q&A Session 2
Slide 12: Disclaimer
Disclaimer This presentation is strictly confidential and is being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose. A’ayan Leasing and Investment Company K.S.C.P has prepared
Slide 13: Board of Directors
Board of Directors Mr. Mansour Hamad Mr. Fahad Ali M. Al-Mubarak Thunayan Al-Ghanim Chairman Vice Chairman Mr. Abdulaziz Nasser Mr. Nasser Ibrahim Mr. Talal Reda Mr. Muhannad Dr. Yaqoub Ahmed Al-Marzouq Bouresly Behbehani Mohammed Al-Sanea Baqer Alabdullah Board Member Board Member Independent Indep
Slide 14: Executive Management
Executive Management Abdullah M. Al-Shatti, CFA CEO Saleh A. Al-Sarawi Abdullah K. Abdulwahab M. Faisal J. Al-Omar Seyed Abu Thahir Hala A. Al-Dhowaihi Wael Al-Qatami Assistant CEO Abuhadedah, CFA Al-Fares Assistant CEO Assistant CEO Assistant CEO Senior Vice President Real Estate Assistant CEO Assi
Slide 15: Company Overview
Company Overview Current Presence ▪ Aayan Leasing and Investment Company (“Aayan”) was established in 1998. The company was listed in Boursa Kuwait in 2002. Aayan’s main sectors includes leasing, investment and real estate. ▪ Aayan is one of the leading operating lease companies in Kuwait, which has
Slide 16: Aayan's Recent Developments
Aayan’s Recent Developments ▪ Finalized Aayan’s strategy and approved by Board of Directors which will Key Financial Metrics (KD Thousand) Q1 2022 Q1 2023 Change (%) enhance the shareholders value, re-building its direct investments and real Income Statement estate, along with leasing. Total revenue
Slide 17: Snapshot – Results & Income
Snapshot – Results & Income Net Profit* (KD million) Total Income by Segment (KD million) +33% Q1 2022 Q1 2023 Change (%) Leasing 2,967 3,742 26% 2.9 Investment 1,286 2,044 59% 2.2 Real estate 497 555 12% Total 4,750 6,341 34% Q1-2022 Q1-2023 Earnings Per Share* (Fils) Total Income Contribution by S
Slide 18: Snapshot – Financial Position
Snapshot – Financial Position Total Assets (KD million) Total Liabilities (KD million) +9% +43% Utilized 10m financing 139.0 151.3 152.0 47.9 51.2 facility during Q4-2022 & Increase is mainly due to investments in 36.0 5m KWD cash dividend recorded as approved FVPL securities and during Q1-2023 asso
Slide 19: Consolidated Income Statement
Consolidated Income Statement (KD thousand) Q1 2022 Q1 2023 Change (%) ▪ Increase in Leasing Income, is mainly due to expansion of Net leasing income 2,954 3,720 26% operating lease fleet during the year 2022, that has positively Net real estate income 886 955 8% impacted during Q1-2023 Net income f
Slide 20: Consolidated Financial Position
Consolidated Financial Position (KD thousand) 31 Mar ‘22 31 Dec’22 31 Mar ‘23 Change Change (%) ASSETS Cash & cash equivalents 31,481 17,014 16,935 (14,546) (46%) ▪ The increase in financial assets at fair value through profit or Financial assets at FVPL 1,959 9,695 10,325 8,366 427% loss securities
Slide 21: Equity attributable to Aayan's shareholders
Equity attributable to Aayan’s shareholders Net Movement (KD million) 6.8 -0.7 91.2 2.3 Q4 -0.3 90.2 2.2 Q1 -0.4 2.2 88.8 -5.0 88.3 Q3 2.9 -5.0 Q1 2.3 Q2 31 Dec ’21 3M Profits OCI 31 Mar ’22 Cap. Redution 9M Profits OCI & Others 31 Dec ’22 Dividends 3M Profits OCI 31 Mar ’23 (Jan-Mar) (Apr-Dec) (Jan
Slide 22: Consolidated cash flows statement
Consolidated cash flows statement Three Months ended 31 March ▪ Net cash from operating activities increased mainly due to the (KD thousand) Q1 2022 Q1 2023 improvement in the company’s various operations. Net cash from operating activities 523 1,741 ▪ Net cash used in investing activities mainly in
Slide 23: Key Financial Ratios
Key Financial Ratios Return on Average Assets (ROAA)* (%) Return on Average Equity attributable to Aayan’s Equity holders (ROAE)* (%) ▪ ROAA – Increased income from Leasing and Direct Investments resulted in increase of ROAA during Q1-2023. 8.4% 13.1% ▪ ROAE – Increased results for Q1-2023 together
Slide 24: Quarterly Trend
Quarterly Trend Total Income (KD million) Total Assets (KD million) +34% +9% 6.3 139.0 139.5 140.5 151.3 152.0 4.8 4.7 5.1 4.5 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Profit attributable to Equity holders of ALICO (KD million) Equity attributable to Equity hol
Slide 25: Q&A Session
Q&A Session
Slide 26: Thank You
Thank You For Investor Relations Website: https://www.aayan.com Email Address: [email protected] Telephone: 1804488 ext 459
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