AL IMTIAZ INVESTMENT GROUP COMPANY - K.S.C. (PUBLIC) PASSION FOR EXCELLENCE DRIVING GROWTH
Earnings
Presentation Q1 2024
1
Disclaimer
This document has been prepared and issued by Al Imtiaz Investment Group Company, K.S.C. ("AIIG"), a public company listed on Boursa Kuwait, which is regulated by Kuwait Capital Markets Authority and Kuwait Ministry of Commerce and Industry.
The purpose of this document is to provide information solely to the addressee. This document is published for informational and promotional purposes only and it is not an invitation for investment of any kind. The information in this document does not constitute tax advice. Nothing contained in this document should be relied upon as a promise or representation towards future results or events. For the avoidance of doubt, past performance is not a reliable indicator of future performance. The recipient of
Portfolio
this document agrees to always keep confidential the information contained herein or made available in connection with it or any further elaboration.
This document is intended for distribution only to a Professional Client and must not, therefore, be delivered to, or relied on by, a Retail Client. The information in this document does not purport to be comprehensive. While this information has been prepared in good faith, no representation or warranty, express or implied, is or will be made. AIIG (or any of its officers, employees, or
Sectorsagents) shall not be liable to the recipient, or any third party, for the inaccuracy or incompleteness of the information in this document or any other written or oral information provided, or for honest and reasonable mistakes.
AIIG gives no undertaking to provide the recipient with access to any additional information or to update this document or any additional information or to correct any inaccuracies in it, which may become apparent.
This document cannot be quoted or reproduced without the prior written consent of AIIG. This document is owned by AIIG and
Geography
is privileged and proprietary and is subject to copyrights.
Parties interested in receiving further information on AIIG, please contact +965 1822 282 or e-mail IR@alimtiaz.com
www.alimtiaz.com
2
Q1 2024 Key Financial Highlights
Al Imtiaz Investment Group's Gross Operating Profit increased by 36%
Key Financial Metrics
Key Financial Ratios
KD 5.4
Income from Operating Activities (Mn)
KD 34k
EBITDA
KD (1.2)
Parent Net Loss (Mn)
(1.1) fils
Loss Per Share
36.1%
Gross Operating Profit
Growth % (Y-o-Y)
(3.1)%
Return on Equity1
%
KD 229.7
Total Assets (Mn)
KD 60.6
Total Liabilities (Mn)
KD 150.1
Parent Equity (Mn)
141.0 fils
Parent Book Value Per Share
(12.7)%
Operating Income growth % (Y-o-Y)
(2.1)%
Return on Assets1
%
-
Contributions for some of the key portfolio assets are consolidated in AIIG on a quarter-lag basis
1. Annualized
www.alimtiaz.com
3
Q1 2024 Financial Performance
Income from Operating Activities
17.1 | ||||
13.7 | 13.9 | |||
6.1 | 5.4 | |||
3M 2023 | 6M 2023 | 9M 2023 | FY 2023 | 3M 2024 |
EBITDA | ||||
4.5 | ||||
2.7 | ||||
1.5 | ||||
0.0 | ||||
3M 2023 | 6M 2023 | 9M 2023 | (5.3) | 3M 2024 |
FY 2023 |
- Contributions for some of the key portfolio assets are consolidated in AIIG on a quarter-lag basis
Net (Loss) Income from Operating
Activities
3.3 | ||||
0.9 | 1.0 | |||
(0.6) | ||||
(7.0) | ||||
3M 2023 | 6M 2023 | 9M 2023 | FY 2023 | 3M 2024 |
Parent Net (Loss) Profit
0.0 | 1.4 | |||
(1.8) | (1.2) | |||
(9.8) | ||||
3M 2023 | 6M 2023 | 9M 2023 | FY 2023 | 3M 2024 |
www.alimtiaz.com | 4 |
* All numbers in KD million unless specifically mentioned otherwise |
Q1 2024 Operating Income Key Drivers
Q1 2024 Income from Operating Activities - KD 5.4 Mn
Performance Discussion
•
•
•
Total Income from Operating Activities decreased to KD 5.4 Mn in Q1 2024, compared to KD 6.1 Mn in Q1 2023.
Net Loss from Operating Activities reached KD 0.6 Mn in Q1 2024, compared to a Net Profit of KD 0.9 Mn in Q1 2023.
Al Imtiaz recorded a net profit (Loss) attributable to Shareholders of the Parent Company of KD (1.2) Mn in Q1 2024, compared to KD 22k in Q1 2023.
www.alimtiaz.com | 5 |
* All numbers in KD million unless specifically mentioned otherwise |
Q1 2024 Operating Expenses
Operating Expenses increased 12.5% y-o-y to KD 5.9 Mn in Q1 2024
Operating Expenses in Q1 2024 KD 5.9 Mn | Operating Expenses in Q1 2023 KD 5.3 Mn |
9% | 22% | 25% | 13% | 19% | 12% | 100% | 14% | 23% | 25% | 19% | 17% | 2% | 100% |
23%
30% | 29% |
www.alimtiaz.com | 6 |
* All numbers in KD million unless specifically mentioned otherwise |
Q1 2024 EBITDA
EBITDA decreased to KD 34k in Q1 2024 compared to KD 1.5 Mn in Q1 2023 Q1 2024 EBITDA - KD 34k
Q1 2023 EBITDA - KD 1.5 Mn
www.alimtiaz.com | 7 |
* All numbers in KD million unless specifically mentioned otherwise |
Q1 2024 NAV
Balanced Portfolio with Sectorial Diversification
Portfolio NAV as on Mar-23
IT Solutions | ||||||
Real Estate Properties | ||||||
5% | 5% | 3%1% | 18% | Financial Services | ||
Pharma | ||||||
7% | KD | Listed | ||||
8% | 205 Mn | 16% | ||||
Associates | ||||||
10% | Energy and Construction | |||||
12% | 15% | Education | ||||
Parent and Others
F&B
Cash & Equivalents
Portfolio NAV as on Mar-24
IT Solutions | |||||||
Real Estate Properties | |||||||
5% | 3% | 3% | 17% | Financial Services | |||
Pharma | |||||||
6% | KD | ||||||
7% | Listed | ||||||
8% | 187 Mn | 17% | Associates | ||||
8% | 13% | Energy and Construction | |||||
Education | |||||||
13% | |||||||
Parent and Others
F&B
Cash & Equivalents
NAV decreased 8.8% y-o-y in Q1 2024 to KD 187 Mn compared to KD 205 Mn in Q1 2023
1. Portfolio NAV is calculated based on a mix of carrying value and book value for listed subsidiaries and fair value for real estate properties | www.alimtiaz.com | 8 |
* All numbers in KD million unless specifically mentioned otherwise | ||
Key Sustainability Achievements
Aligning values & strategy with responsible & ethical
business practices.
2,805 full-time employees
20 different nationalities
Key Commitments
Environment
Achieve business goals and continuity in a way that minimizes harmful effect on the environment
Society
Act ethically in accordance with Islamic and general laws & customs to ensure sustainable development of employees & society
Key Initiatives
-
Continue and enhance our program for
Recycling electronic and plastic waste across the group - Adopting a new energy saving lighting system in Al Dhow Tower (70% - 90% energy consumption savings)
- Backing the Kuwaiti Autism Society
- Backing the Kuwaiti Heart Association
- Sponsoring the National Cancer Awareness Campaign and carrying out blood donation campaigns
- Supporting poverty eradication through Zakat & Tatheer Initiatives
- Participating in preparing and distributing Iftar Ramadan
- Safe and secure work environment
- Conducting motivational lectures in creating a healthy work environment
718 (25%) are female
Governance
Set transparent and clear policies to separate authority between the BOD and Executives, and facilitate decision-making
- 2/7 Board members are independent
- Non-executive audit committee members
- Independent Fatwa / Shari'a Board
- 3/4 nomination & remuneration committee members are non-executives, & 1 member is independent
- Effective fraud risk control policies
www.alimtiaz.com
9
| Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Alimtiaz Investment Group Co. KSCP published this content on 16 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2024 10:37:03 UTC.
