Boubyan Bank K.S.C. · KSE:BOUBYAN
Boubyan Bank K.S.C — Boubyan Bank — Q1 2023 Earnings Presentation
22 slides from Boubyan Bank K.S.C's earnings presentation, Apr 19, 2023
Slide 1: Boursa Kuwait disclosure letter
Kuwait: 19/04/2023 Ref: 4254/2023 To: The General Manager Boursa Kuwait Dear Sir, PowerPoint Presentation of First quarter Analysts’ Conference Call Reference is made to the provisions of Article no. (8-4-2) of Boursa Kuwait Rulebook issued by virtue of Resolution no. 1 of 2018, as amended, concerni
Slide 2: Boubyan Bank Investor Presentation Q1 2023 Results
Boubyan Bank Investor Presentation Q1 2023 Results 19th April 2023 Towards Perfection
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 Capitalization & Leverage Towards Perfection
Slide 5: Financial Highlights
Boubyan’s Performance & Strategy - At a Glance Financial Highlights Financial Snapshot Market Share (%) KD million 3M 2023 3M 2022 Growth % Net Profit to shareholders 20.6 17.0 22% 11.3 11.4 Operating Income 52.6 49.7 6% 8.6 Operating Profit 27.6 26.0 6% 10.7 11.0 Total Assets 8,031 7,460 8% 8.1 Fin
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 Capitalization & Leverage Towards Perfection
Slide 8: Profitability & Performance Ratio
Income Statement Analysis Profitability & Performance Ratio Net Profit (KD Million) Operating Profit (KD Million) 22% 6% 20.6 26.0 27.6 17.0 3M 2022 3M 2023 3M 2022 3M 2023 * Return on Average Equity (%) Return on Average Assets (%) 11.2 1.1 9.8 0.9 3M 2022 3M 2023 3M 2022 3M 2023 7 * Return on Aver
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 (KD Million) Operating income Net Financing Income 6% -5% 49.7 52.6 41.8 39.8 3M 2022 3M 2023 3M 2022 3M 2023 Composition on Operating Income % Net Profit Margin % Investme
Slide 10: Operating Costs & Efficiency
Income Statement Analysis Operating Costs & Efficiency Operating Costs (KD Million) Composition of Operating Costs % Staff costs General & Admin Depreciation 6% 13% 14% 28% 29% 23.7 25.0 59% 57% 3M 2022 3M 2023 3M 2022 3M 2023 Operating Efficiency (%) Operating Costs to Average Assets (%) 47.6 47.6
Slide 11: Provisions & Related Ratios
Income Statement Analysis Provisions & Related Ratios Provisions* (KD Million) General Specific 10.0 10.4 2.1 5.2 7.8 5.2 3M 2022 3M 2023 Loss Ratio % Provisions to Operating Profit % 0.55% 0.53% 38.4% 37.6% 3M 2022 3M 2023 3M 2022 3M 2023 * General Provisions are shown inclusive of contingent provi
Slide 12: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 13: Assets & Sources of Funding
Balance Sheet Analysis Assets & Sources of Funding Total Assets (KD Million) Composition of Assets % PPE & Other assets Investments 8% *Liquid assets Financing Portfolio 3% 3% 2% 3% 19% 20% 7,460 8,031 76% 74% Mar-22 Mar-23 Mar-22 Mar-23 Sources of Funding (KD Million & %) Customer Deposits (KD Mill
Slide 14: Financing Portfolio & Asset Quality
Balance Sheet Analysis Financing Portfolio & Asset Quality Financing Portfolio – KD Million Composition of Financing Portfolio % 5% Retail Corporate 42% 41% 5,671 5,970 58% 59% Mar-22 Mar-23 Mar-22 Mar-23 Non-Performing Financing Portfolio Loss Coverage Ratio NPL - KD Million NPL % 1.0% 1.1% 300% 28
Slide 15: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 16: Capital Adequacy
Capitalization & Leverage Capital Adequacy Capital Adequacy Ratio Leverage Ratio RWA - KD Million Total CAR 18.6% 15.5% 10.9% 9.1% 4,900 5,249 Mar-22 Mar-23 Mar-22 Mar-23 Composition of Regulatory Capital CET1 Additional Tier 1 Tier 2 8% 7% 19% 16% 74% 78% Mar-22 Mar-23 Source: Regulatory returns 15
Slide 17: Questions?
Questions? Towards Perfection
Slide 18: Appendix
Appendix Towards Perfection
Slide 19: Consolidated Financial Statements – Q1 2023
Consolidated Financial Statements – Q1 2023 CONSOLIDATED STATEMENT OF INCOME 31-Mar 31-Mar CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31-Mar 31-Mar KD Million 2023 2022 KD Million 2023 2022 Income Assets Islamic financing income 91.0 59.5 Cash and balances with banks 379 319 Financing cost (51.3)
Slide 20: Consolidated Income Statement
Consolidated Income Statement KD Million 31-Dec 31-Dec 31-Dec 2022 2021 2020 Income Murabaha and other Islamic financing income 283.7 223.2 223.1 Distribution to depositors and Murabaha Cost (116.5) (65.7) (84.2) Net finance income 167.2 157.5 138.9 Net investment income 6.8 8.8 6.8 Net fees and com
Slide 21: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position KD Million 31-Dec 31-Dec 31-Dec 2022 2021 2020 Assets Cash and balances with banks 533.2 533.2 286.7 Deposits with Central Bank of Kuwait 247.8 247.8 336.9 Deposits with other banks 131.7 131.7 180.1 Islamic financing to customers 5,913.5 5,913.5 4,823.3
Slide 22: Thank You
Thank You Towards Perfection