Analyst Conference
PRESENTATION
Q1 2024 - 8th May 2024
Contents
- A'ayan's Board of Directors and Executive Management
- Company Overview & Recent Developments
- Financial Highlights
- Q&A Session
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Disclaimer
This presentation is strictly confidential and is being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose.
A'ayan Leasing and Investment Company K.S.C.P has prepared this presentation to the best of its abilities, however, no warranty or representation, express or implied is made as to the adequacy, correctness, completeness or accuracy of any numbers, statements, opinions, estimates, or other information contained in this presentation.
This presentation has been prepared by A'ayan Leasing and Investment Company K.S.C.P and reflects the management's current expectations or strategy concerning future events and are subject to known and unknown risks and uncertainties.
Certain portions of this document may contain "forward-looking statements", which are based on current expectations and reasonable assumptions, we can however give no assurance they will be achieved. The information contained in this presentation is subject to change and we disclaim any obligation to update you of any such changes, particularly those pertaining to the forward-looking statements. Furthermore, it should be noted that there are a myriad potential risks, uncertainties and unforeseen factors that could cause the actual results to differ materially from the forward-looking statements made herein.
We can offer no assurance that our estimates or expectations will be achieved. Without prejudice to existing obligations under Capital Markets Authority Law, we do not assume any obligation to update forward-looking statements to take new information or future events into account or otherwise. Accordingly, this presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for, or otherwise acquire or dispose of, securities in any company within A'ayan Leasing and Investment Company K.S.C.P.
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Board of Directors
Mansour Hamad | Fahad Ali |
Almubarak | Alghanim |
Chairman | Vice Chairman |
Abdulaziz Nasser | Nasser Ibrahim | Talal Reda | Muhannad | Dr. Yaqoub Ahmed |
Almarzouq | Bouresly | Behbehani | Mohammed Alsanea | Baqer Alabdullah |
Board Member | Board Member | Independent Board Member | Independent Board Member | Independent Board Member |
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Executive Management
Abdullah M.
Alshatti, CFA
CEO
Saleh A. Alsarawi | Abdullah K. | Abdulwahab M. | Faisal J. Alomar | Seyed Abu Thahir | Hala A. Aldhowaihi | Wael Alqatami |
Assistant CEO | Abuhadedah, CFA | Alfares | Assistant CEO | Assistant CEO | Chief of Compliance | Senior Vice President |
Real Estate | Assistant CEO | Assistant CEO | HR & Admin. Affairs | Finance & Financial | Operations | |
Investment & CF | Business Development | Planning | 5 | |||
Company Overview
Current Presence
- A'ayan Leasing and Investment Company ("A'ayan") was established in 1998. The company was listed in Boursa Kuwait in 2002. A'ayan's main sectors includes leasing, investment and real estate.
- A'ayan is one of the leading operating lease companies in Kuwait, which has been outperforming with its exceptional achievements.
- After A'ayan's final debt settlement with its creditors, A'ayan has focused on re-strengthening its direct investments sector by expanding into various opportunities to enhance its shareholders' value.
- Real estate sector with its excellent return, adds value constantly and improves A'ayan's profitability.
Subsidiaries
Associates
A'ayan Leasing Holding
Company
100%
Oman Integral Logistics
Company
50%
East Gate Real Estate
Company
100%
Tawazun Holding
Company
44%
Jahra Mall - JV
77%
Light Fields
30%
Mubarrad Holding
Company
41%
A'ayan Real Estate
Company
10%
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A'ayan's Recent Developments
- A'ayan's results for the first quarter ending 31st March 2024 is, indeed, a clear indication of successful achievement in further enhancing A'ayan shareholders' equity value, as a result from implementing the approved strategy of re-building direct investments sector and expanding operating lease portfolio
- For the 2nd consequent year, A'ayan's shareholders approved distribution of cash dividend of 7.5 Fils per share (~ KD 5 million) for the year 2023.
- In addition, Aayan Group has only utilized half of KD 20 million financing facility granted to fully-owned subsidiary and its 1st instalment of KD 1 million was paid during Q1-2024. Still, KD 10 million facility yet to be utilized
- A'ayan has been continuously exploring and evaluating various opportunities across different sectors to re-build and further strengthen its investment and real estate portfolio
Key Financial Metrics | ||||
(KD'000) | ||||
Income Statement | Q1 2023 | Q1 2024 | Δ (%) | |
Total income | 6,341 | 6,914 | 9% | |
Net Profit* | 2,943 | 3,461 | 18% | |
EPS* (Fils) | 4.43 | 5.21 | 18% | |
Financial Position | 31 Mar'23 | 31 Mar'24 | Δ (%) | |
Total assets | 152,022 | 157,783 | 4% | |
Total liabilities | 51,247 | 50,107 | -2% | |
Equity* | 88,772 | 96,033 | 8% | |
* Attributable to Equity shareholders of A'ayan |
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Snapshot - Results & Income
Net Profit* (KD million) | Total Income by Segment (KD'000) |
+18% | |
2.94 | 3.46 |
Q1 2023 | Q1 2024 |
Earnings Per Share* (Fils)
Q1 2023 | Q1 2024 | Δ (%) | |
Leasing | 3,742 | 3,475 | -7% |
Investment | 2,044 | 2,881 | 41% |
Real estate | 555 | 558 | 1% |
Total | 6,341 | 6,914 | 9% |
Total Income Contribution by Segment (%)
+18% | |||
Q1 2023 | Q1 2024 | ||
9% | 8% | Leasing | |
5.21 | Investments | ||
4.43 | Real Estate | ||
32% | 42% | 50% | |
59% | |||
Q1 2023 | Q1 2024 |
* Attributable to Equity shareholders of A'ayan | 8 |
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Aayan Leasing and Investment Company KSCC published this content on 09 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 May 2024 05:10:02 UTC.