Investor Presentation – First Half 2020 13 th of August 2020 | Cairo, Egypt
Key Consolidated Metrics H1 2020 H1 2020 Total Revenues Net Operating Profit Consolidated Results Operating Profit Margin EGP 1.0 bn EGP 312.6 mn 30.3% Group ↓ 10% y-o-y ↓ 9% y-o-y H1 2019 EGP 1.1bn H1 2019 EGP 342.5mn H1 2019 29.9% Hig ighlights Cost to Income 1 Net Profit Margin Annualized Return on Av. Equity (ROAE) 12.8% 29.1% 17.3% H1 2019 22.0% H1 2019 18.1% Net Profit After Tax & Minority By Platform H1 2019 H1 2020 IB & IB & Holding , Holding , 25% 26% EGP EGP -13.9% y-o-y 207.7 178.8 mn mn NBFS, 74% NBFS, 75% 1. Cost-income is calculated as people ’ s cost and other SG&A divided by total revenue Investor Presentation| 2 CI Capital Investor Relations
H1 2020 Summary Consolidated Income Statement Consolidated Results Results commentary (EGP mn) H1 2020 H1 2019 % Change Consolidated Revenue 1,031.8 1,145.4 -9.9% Statement of f Consolidated revenues declined 9.9% y-o- y despite solid operational performance Leasing 624.4 768.2 -18.7% from the group ’ s financing business. NBFS Profit & Loss made up 79.8% of consolidated revenue Micro-finance 187.7 163.5 14.8% while the investment bank along with the holding company represented the remaining 20.2%. Mortgage Finance 8.7 0.0 nm Consumer Finance 2.1 0.0 nm Total operating expenses declined 10.4% y- o-y due to a decrease of 24.0% in interest expense y-o-y to reach EGP 418.4 million Investment Bank & Holding* 208.9 213.7 -2.2% while still accommodating the group ’ s operational expansion in its financing Operating Expenses 719.2 803.0 -10.4% business given a lower interest rate environment Interest Expense 418.4 550.9 -24.0% People ’ s Cost & Other SG&A represented 29.1% of revenue, up from 22.0% in the comparable year. People Cost & Other SG&A 300.8 252.1 19.3% Net operating profit declined 8.7 % y-o-y Net Operating Profit 312.6 342.5 -8.7% offset by the group ’ s strong operational performance Net Operating Margin 30.3% 29.9% Net profit after tax and minority reached EGP 178.8 million in H1 2020, representing Net Profit After Tax & 178.8 207.7 -13.9% an annualized ROAE of 12.8%. Minority *Includes intercompany related adjustments Investor Presentation| 3 CI Capital Investor Relations
H1 2020 Summary Consolidated Balance Statement Consolidated Results (EGP mn) 30-Jun-20 31-Dec-19 Results commentary Settlement guaranteed fund 9.2 9.1 Receivab ables es 6,608.5 4,979.7 Total assets grew 16.5% versus Dec-19 PP&E 136.6 134.5 on the back of higher financing Goodwill 348.8 348.8 Bala lance Sheet portfolio, offset by the group ’ s recent Securitization difference, net 239.4 210.9 EGP 2.2 billion securitization issuance Financial Investments In Associates 363.5 317.1 Other non-current assets 141.9 67.1 Non-current assets 7,847.9 6,067.2 CI Capital Holding for Financial Receivab ables es 3,290.7 3,226.5 Investments has adopted the new Cash and cash equivalents 1,289.8 1,458.2 Egyptian Accounting Standard EAS 49 Other current assets 239.3 125.8 in relation to its leasing subsidiary Current assets 4,819.8 4,810.5 effective from Q2 2019. The new EAS Total assets 12,667.7 10,877.7 49 brings lease accounting more in line Paid-in capital 1,000.0 800.0 with IFRS 16 and requires changes and Legal reserve 26.3 22.1 restatement to prior periods ’ figures Retained earnings 1,372.8 1,292.5 with implications on both the Share Premium Reserve & Others 447.0 640.8 consolidated income statement and Shareholders ’ equity (Parent company) 2,846.0 2,755.4 balance sheet. Comparative and H1 Shareholders ’ equity (Non-controlling interest) 187.0 200.4 2019 financials have also been restated Total shareholder ’ s equity & minority interest 3,033.0 2,955.8 to comply with the new standard. Long-term loans & facilities 5,612.8 4,513.2 Other Non-current Labilities 205.8 119.1 Non-current liabilities 5,818.6 4,632.3 Total debt increased a moderate 23.5% Short-term loans & facilities 2,664.4 2,189.7 versus Dec-19 to accommodate the Credit customers 494.7 412.4 increase in financing business portfolio Other current liabilities 656.9 687.5 (grew 21.0% vs. Dec-19). Current liabilities 3,816.1 3,289.5 Total liabilities & equity 12,667.7 10,877.7 Investor Presentation| 4 CI Capital Investor Relations
H1 2020 Business Lines ’ Performance Leasing Revenue – EGP mn Net Profit After Tax – EGP mn 768.2 124.4 NBFS – 624.4 Leasing 113.0 H1 2019 H1 2020 H1 2019 H1 2020 Outstanding Leasing Portfolio – EGP bn Net Interest Income – EGP mn Corplease ’ s leasing Net interest income 8.4 180.3 portfolio grew 4% y-o-y declined 4% y-o-y as a as the monetary easing result of the securitized 8.1 173.9 cycle continues portion of the portfolio H1 2019 H1 2020 H1 2019 H1 2020 Key Gr Growth Driv Drivers New Bookings Debt to Equity Net Interest Margin (NIM) EGP 1.5 bn 6.4x 4.6% -41.6% y-o-y Investor Presentation| 6 CI Capital Investor Relations
H1 2020 Business Lines ’ Performance Microfinance Revenue – EGP mn Net Profit After Tax – EGP mn 187.7 60.6 NBFS – Micro-finance 56.7 163.5 H1 2019 H1 2020 H1 2019 H1 2020 Microfinance Loans Outstanding – EGP mn Net Interest Income – EGP mn Reefy capitalized on its 807.6 The growing loan book 154.0 659.9 diverse geographical resulted in significant 118.0 presence to grow it loan growth in net interest book by 22% y-o-y income H1 2019 H1 2020 H1 2019 H1 2020 Key Gr Growth Driv Drivers Number of Branches Number of Active Borrowers Average Ticket Size 78 100.4 k EGP 14.1 k + 1.9k y-o-y Investor Presentation| 7 CI Capital Investor Relations
H1 2020 IB & Holding Revenue – EGP mn Business Lines ’ Performance Contribution to Net Profit 212.8 25% 207.7 Investment In Bank & Holding H1 2019 H1 2020 Revenue By Line of Business – EGP mn IB & Holding Net Profit – EGP mn 57.0 44.6 H1 2019 H1 2020 Key Performance Indicators IB Advisory Revenues Research - Stocks Brokerage - Market Asset Management - Covered Share 1 AUM ’ s 120 EGP 22.0 mn 9.9 % EGP 9.8 bn + 6.9% y-o-y - 34.9% y-o-y 1. Market Share is for transactions on the main market excl. deals. Source: EGX Investor Presentation| 8 CI Capital Investor Relations
About CI Capital Holding for Financial Investments CI Capital Holding for Financial Investments is a diversified financial services group and Egypt ’ s Stock leading provider of leasing, microfinance, mortgage finance, consumer finance, and investment banking products and services. Through its headquarters in Cairo and presence in New York and Information In Dubai, CI Capital Holding for Financial Investments offers a wide range of financial solutions to a diversified client base that includes global and regional institutions and family offices, large corporates, SMEs, and high net worth and individual investors. CI Capital Holding for Financial Investments leverages its full-fledged investment banking platform to provide market leading capital raising and M&A advisory, asset management, securities brokerage, custody and research. Through its subsidiary Corplease, CI Capital Holding for Financial Investments offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. In addition, CI Capital Holding for Financial Investments offers micro-finance lending through Egypt ’ s first licensed MFI, Reefy. Share Information Tic icker: CICH.CA; CICH EY EY Sha Shares s Outstanding: 1,00 1,000,0 ,000, 0,000 Paid aid-In Cap apital: EGP 1,00 1,000, 0,000 00,000 00 IR Contacts +20 (02) 3331 8154 Investor.relations@cicapital.com CI Capital Holding for Financial Investments , Galleria 40, 26th of July Corridor St., Sheikh Zayed City, Egypt Investor Presentation| 9 CI Capital Investor Relations
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