AL WAHA CAPITAL Investor Presentation
FY2022, First Quarter
1
Q1 2022
Financial Highlights
Total Income | Net Profit | G&A Expenses | Finance Costs | Total AUM |
(AED m) | (AED m) | (AED m) | (AED m) | (AED bn) |
345 | |
309 | |
Q1 2021 | Q1 2022 |
147 | |
111 | |
Q1 2021 | Q1 2022 |
65 | |
57 | |
Q1 2021 | Q1 2022 |
28 | |
22 | |
Q1 2021 | Q1 2022 |
6.3 | |
5.8 | |
Q4 2021 | Q1 2022 |
2
Q1 2022
Quarter Financial Highlights
Net Profit | Total Income | Finance Cost | ||
AED 147m | AED 345m | AED 28m | ||
vs AED 111m YoY | vs AED 309m YoY | vs AED 22m YoY | ||
Public Markets Profit | ||||
AED 148m | Awards & Recognition 2022 | |||
vs AED 139m YoY | ||||
MENA Equity Fund | CEEMEA Credit Fund | Islamic Income Fund | ||
return | return | return | ||
8.2% vs 5.5% | (1.1%) vs 4.1% | (0.3%) vs 1.6% | ||
G&A expense | Private Investments Profit | Assets | ||
AED 57m | AED 30m | AED 9,541m | ||
vs AED 65m YoY | vs AED 7m YoY | vs AED 9,590m YoY | ||
3
Q1 2022
Financial Results Summary
Return on Average Equity 4.4%
vs 3.6% YoY
Earnings Per Share (AED)
0.08
vs 0.06 YoY
- Net profit of AED 147m (Q1 2021: AED 111m) driven by continuing strong performance from Public Markets
- Total income of AED 345m (Q1 2021: AED 309m)
- Public Markets: AED 224m (Q1 2021: AED 210m)
- Private Investments: AED 109m (Q1 2021: AED 87m)
AED m | Q1 2022 | Q1 2021 |
Summary I/S | ||
Total Income | 345 | 309 |
Total Expense | (145) | (146) |
Profit | 200 | 163 |
Profit - Non-controlling interests | (53) | (52) |
Profit Attributable to Owners of | 147 | 111 |
the Company | ||
- Q1 2022 G&A expenses of AED 57m, AED 8m lower than prior year, as a result of lower staff related expenses and lower provisions for credit losses
- Q1 2022 Finance costs of AED 28m, higher by AED 6m from last year due to higher utilisation of the Revolving Credit Facility (RCF) and increase in Q1 2022 interest rates
4
Public Markets Business
Funds & Awards
CEEMEA Credit Fund
Primarily invests in hard currency fixed income instruments from Emerging Market corporate and sovereign credits in the Central Europe, Eastern Europe, Middle East and Africa (CEEMEA) region
MENA Equity Fund
Absolute return strategy investing in a diversified portfolio of companies spread across the Middle East and North Africa (MENA) regional equity markets
Islamic Income Fund
The Fund invests in global sukuks and Shari'ah- compliant equities, and has a global outreach for investments
Awards & Accolades
2022
2021
2020
5
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Disclaimer
Al Waha Capital PJSC published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 19:44:05 UTC.
