AL IMTIAZ INVESTMENT GROUP COMPANY - K.S.C. (PUBLIC) Date: 31/10/2023
Ref: 2023/CAD/BK/128
Boursa Kuwait Company
Kuwait
Subject: Analysts' Conference Meeting - Q3 of FY 2023
In reference to the above subject, and in the interest of Al-Imtiaz Investment Group Company to adhere to the requirements of Article 8-4-2 of the Boursa Rules Book related to the ongoing obligations required of listed companies classified within the premier market segment and in which Al-Imtiaz Investment Group Company has been classified.
Kindly be informed that the Analysts' Conference for the third quarter of the year 2023 was held at 01:00 pm (local time) on Tuesday 31/10/2023 via a live webcast, there was no material information disclosed during the conference.
Please find attached copy of the Analysts' Conference Presentation, Al-Imtiaz Investment Group Company shall disclose the conference minutes within three working days post the date of the conference.
Sincerely,
Saad Sami Al-Bader
Acting Chief Executive Officer
PASSION FOR EXCELLENCE DRIVING GROWTH
Earnings
Presentation 9M 2023
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Disclaimer
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
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9M 2023 Key Financial Highlights
-month period ended 30 September 2023
Key Financial Metrics | Key Financial Ratios |
KD 17.1 | KD 2.7 | KD (1.8) | (1.73) fils | (8.8)% |
Income from | EBITDA | Parent Net Loss | Loss Per Share | Income from Operating |
Operating Activities | (Mn) | (Mn) | Activities Growth % (Y- | |
(Mn) | o-Y) |
(1.5)%
Return on Equity1
%
KD 244.1 | KD 63.2 | KD 160.6 | 157 fils | (10.4)% | (1.0)% |
Total Assets | Total Liabilities | Parent Equity | Parent Book | Parent Net Profit to | Return on Assets1 |
(Mn) | (Mn) | (Mn) | Value Per Share | Operating Income % | % |
Contributions for some of the key portfolio assets are consolidated in AIIG on a quarter-lag basis. | www.alimtiaz.com |
1. Annualized | 3 |
9M 2023 Financial Performance
Income from Operating Activities | Net Income (loss) from Operating | |||||||||
Activities | ||||||||||
3.3 | ||||||||||
24.2 | ||||||||||
18.7 | 17.1 | |||||||||
13.7 | 1.0 | 0.9 | 1.0 | |||||||
6.1 | ||||||||||
(0.2) | ||||||||||
9M 2022 | 2022 | 3M 2023 | 6M 2023 | 9M 2023 | 9M 2022 | 2022 | 3M 2023 | 6M 2023 | 9M 2023 | |
EBITDA | Parent Net (loss) Profit | |||||||||
4.5 | 1.4 | |||||||||
0.0 | ||||||||||
3.0 | 2.7 | |||||||||
(0.8) | ||||||||||
1.3 | 1.5 | (1.8) | ||||||||
(4.4) | ||||||||||
9M 2022 | 2022 | 3M 2023 | 6M 2023 | 9M 2023 | 9M 2022 | 2022 | 3M 2023 | 6M 2023 | 9M 2023 |
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Contributions for some of the key portfolio assets are consolidated in AIIG on a quarter-lag basis | * All numbers in KD million unless specifically mentioned otherwise | 4 |
9M 2023 Operating Income Key Drivers
9M 2023 Income from Operating Activities KD 17.1 Mn
Performance Discussion
Total Income from Operating Activities reached KD 17.1 Mn in 9M 2023, compared to KD 18.7 Mn in 9M 2022.
Net income from Operating Activities remained flat in 9M 2023 at KD 1.0 Mn compared to 9M 2022.
Al Imtiaz recorded a net Loss attributable to Shareholders of the Parent Company of KD 1.8 Mn in 9M 2023, compared to a net loss attributable to the Shareholders of the Parent Company of KD 0.8 Mn in 9M 2022.
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* All numbers in KD million unless specifically mentioned otherwise | 5 |
9M 2023 Operating Expenses
Operating Expenses declined 9.3% y-o-y to KD 16.1 Mn in 9M 2023
mainly in the Pharmaceuticals segment
Operating Expenses in 9M 2022 KD 17.7 Mn | Operating Expenses in 9M 2023 KD 16.1 Mn | ||||||||||||
11% | 18% | 36% | 11% | 13% | 11% | 100% | 15% | 21% | 24% | 15% | 17% | 8% | 100% |
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* All numbers in KD million unless specifically mentioned otherwise
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9M 2023 EBITDA
EBITDA slightly dropped to KD 2.7 Mn in 9M 2023 compared to KD 3.0 Mn in 9M 2022
9M 2023 EBITDA KD 2.7 Mn
9M 2022 EBITDA KD 3.0 Mn
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* All numbers in KD million unless specifically mentioned otherwise | 7 |
9M 2023 NAV
Balanced Portfolio with Sectorial Diversification | |||||
Portfolio NAV as on Sep-22 | Portfolio NAV as on Sep-23 | ||||
IT Solutions | |||||
Real Estate Properties | |||||
4% | 3% 1% | Financial Services | 3% | 3% | |
5% | 18% | 5% | 18% | ||
7% | Pharma | 6% | |||
KD | Associates | 7% | KD | ||
8% | Listed | ||||
216 Mn | 200 Mn | 16% | |||
18% | |||||
Energy and Construction | 8% | ||||
9% | Education | ||||
9% | |||||
12% | 15% | Parent and Others | 14% | ||
11% | |||||
F&B
Cash & Equivalents
IT Solutions
Real Estate Properties
Financial Services
Pharma
Listed
Associates
Energy and Construction
Education
Parent and Others
F&B
Cash & Equivalents
NAV dropped 7.1% y-o-y in 9M 2023 to KD 200 Mn compared to KD 216 Mn in 9M 2022
www.alimtiaz.com | |
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 | 8 |
* All numbers in KD million unless specifically mentioned otherwise |
Key Sustainability Achievements
Aligning values & strategy with responsible & ethical business practices.
2791 full-time employees
20 different nationalities
860 (30%) are female
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
Governance
Set transparent and clear policies to separate authority between the BOD and Executives, and facilitate decision-making
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
2/7 Board members are independent Non-executive audit committee members Independent Fatwa / Sharia Board
2/4 nomination & remuneration committee members are non-executives, & 1 member is independent Effective fraud risk control policies
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Alimtiaz Investment Group Co. KSCP published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 11:39:48 UTC.
