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Investor Presentation
June 2020
Investor Presentation June 2020 1 Disclaimer This presentation is - - PowerPoint PPT Presentation
Investor Presentation June 2020 1 Disclaimer This presentation is not an offer or invitation to subscribe to or purchase any securities. No warranty is given as to the accuracy or completeness of the information in this presentation. You must
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June 2020
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This presentation is not an offer or invitation to subscribe to 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 condition of KIPCO. Nothing in this presentation shall form the basis of any contract or commitment whatsoever. This presentation is furnished to you solely for your information. You may not reproduce it or redistribute to any
This presentation contains forward-looking statements. These statements may be identified by such words as "may", "plans", "expects", "believes" and similar expressions, or by their context. These statements are made on the basis of current knowledge and assumptions. Various factors could cause future results, performance or events to differ materially from those described in these statements. No obligation is assumed to update any forward-looking statements. By participating in this presentation or by accepting any copy of the slides presented, you agree to be bound by the forgoing limitations. Figures in presentation have been rounded off.
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In KD mn REVENUE
NET PROFIT
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* Represents debt maturity as on September 30, 2019 after including the issue # Represents peak demand numbers being largest ever for KIPCO
7 years tenure Lowest ever coupon Diversified investor demand spread across Asia, ME, Europe and US offshore Largest ever demand Oversubscribed by Interest cost savings (annualized) Execution speed
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▪ Net Profit growth of 3% ▪ Issued US$ 500 million in Perpetual Tier 1 Capital Securities with a yield of 5.75% ▪ Strong capital adequacy: 17%; stable asset quality: 2.1% NPA
Demand Initiators
▪ Revenue growth of 8% ▪ KAMCO completed merger with Global Investment House ▪ KAMCO reported a 47% growth in revenue
Demand Initiators
` ▪ Net profit growth of 12%; gross premium written growth of 8%
▪ Afya continues for the 3rd consecutive year ▪ Amongst top 5 insurance companies in the Middle East region1
Demand Initiators
1 based on gross premiums written
▪ Revenue growth of 6% ▪ Continued to grow its facilities and student base
Demand Initiators
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▪ Revenue growth of 10% ▪ Revaluation losses impacted financial performance
Demand Initiators
▪ Revenue growth of 11%1 ▪ Net profit growth of 21%1 ▪ Healthy cash balance of SAR584mn with zero leverage
Demand Initiators
` ▪ Revenue growth of 13%1
▪ Acquired 60% stake in Jassim Transport Company in June 2019 ▪ Moving into petrochemical upstreaming projects with good potential
Demand Initiators
1 For the first nine months of financial year 2019-2020. QPIC & SADAFCO’s financial year starts on April 1st and ends in March 31st
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*US$120mn savings against contractual value in 2019
▪ Ability to deliver product to all 25 countries in the region ▪ Exclusive DTH & OTT content rights in the 1st pay window ▪ Original Arabic Production in progress ▪ Rebranded OTT now with Disney+ starting April 2020; better user interface ▪ Focus on both direct and indirect distribution ▪ Content cost rationalized* ▪ 28% reduction in G&A and staff cost in 2019 vs. last year
Larger reach through OTT No one does content like OSN OTT platform progress Successful business streamlining
▪ New CTO & SVP , Marketing joined ▪ BoD strengthened with expertise on streaming (OTT) and original content
Strengthened Management Team
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1 Average 2020 forecast as per Bloomberg 2 Per barrel as per Bloomberg
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*Source: Google Play Store (03 June 2020)
665 total
5 4 3 2 1
Strong App rating*
Easy to Use Latest security features Multiple integrations Quick Pay More to follow….
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4.0, 15k Ratings 4.4, 10.3k Ratings 4.4, 2.5k Ratings
Ratings
8.7 6.3 9.3 7.0 8.3 8.4 7.8 9.5
Source: Apple App Store; IMDb Ratings (10 June 2020)
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Operations
Digital
Distribution Products & Services
Invested in YallaCompare to strengthen digital distribution channels Motor Telematics Employee benefits Portal Claims Assessment Digital TPA Group CRM & Analytics Enhanced website (UI / UX); GIG Web Portal