AL WAHA CAPITAL FY 2021
Investor Presentation
December 2021
FY2021 Highlights
1,193
895
YTD Dec | YTD Dec |
2020 | 2021 |
Total Income
(AED M)
391240
212
231
YTD Dec | YTD Dec | YTD Dec | YTD Dec |
2020 | 2021 | 2020 | 2021 |
Net Profit | G&A |
(AED M) | (AED M) |
106
97
YTD Dec | YTD Dec |
2020 | 2021 |
Finance Costs
(AED M)
5.8
5.1
YTD Dec | YTD Dec |
2020 | 2021 |
Total AUM
(AED Bn)
Waha Capital Investor Presentation |FY2021 2
FY2021 Financial Highlights
Financials (vs. FY 2020)
Awards & Recognition - 2021
- Net profit of AED 391m vs. net profit of AED 231m
- Total operating income of AED 1,193m vs. AED 895m
- Finance costs of AED 106m vs. AED97m
- G&A expenses of AED 212m, versus AED 240m
- Public Markets profit of AED 603m vs. AED 321m
- MENA Equity Fund return at 32.8% (vs. 14.3% )
- CEEMEA Credit Fund return at 7.2% (vs. 14.9%)
- Islamic Income Fund return at 9.7%
- Private Investments loss of (86)m vs. profit of AED 17m
- Assets of AED 9,590m on 31 December 2021, compared to AED 8,882m on 31 December 2020
Waha Capital Investor Presentation |FY2021 3
Financial Summary Results - FY2021
FINANCIAL SUMMARY RESULTS
- Net profit of AED 391m (FY20 profit AED 231m) was driven by continuing strong performance from the Public Markets division
- Total Income of AED 1,193m ( FY20 AED 895m) driven by AED 902m (FY20 AED 517m) from Public Markets and AED 242m (FY20 AED 378m) from Private Investments
- FY2021 G&A expenses of AED 240m, AED 28m higher than prior year expenses of AED 212m; a result of higher staff costs and provisions for credit losses
- FY2021 Finance costs of AED 97m, lower by AED 9m from last year of AED 106m due to lower utilisation of repurchase liabilities for Public Markets funds
AED m | YTD 2021 | YTD 2020 |
Total Income/(loss) | 1,193 | 895 |
Total Expense | (583) | (555) |
Profit/ (loss) | 610 | 340 |
Profit /(loss) - Non Controlling interests | (219) | (109) |
Profit /(loss) attributable to owners of | ||
the Company | 391 | 231 |
Return on FY Average Equity
12.3% vs 7.9%
in FY2020
Earnings Per Share (AED)
0.21 vs 0.13
in FY2020
Total Income
AED 1,193m
Compared to AED 895m in FY2020
Total Expense
5%
Compared to FY2020
Waha Capital Investor Presentation |FY2021 4
Financial Summary Results - Q4 2021
FINANCIAL SUMMARY RESULTS
- Q4 2021 profit of AED 95m (Q4 2020 profit AED 172m) driven by strong investment returns from Public Markets
- Public Markets net profit of AED 174m compared to AED 186m in FY 2020
- Private Investments net loss of AED 58m compared to net profit of AED 17m, reflecting higher impairments
AED m | Q4 2021 | Q4 2020 |
Total Income/(loss) | 293 | 392 |
Total Expense | (138) | (145) |
Profit/ (loss) | 156 | 247 |
Profit /(loss) - Non Controlling interests | (61) | (75) |
Profit /(loss) attributable to owners of | 95 | 172 |
the Company | ||
Return on Average Equity
2.9% vs 5.8%
In Q4 2020
Earnings Per Share (AED)
0.05 vs. 0.10
In Q4 2020
Total Income
AED 293m
Compared to Q4 2020 of AED 392m
Total Expense
5%
Compared to Q4 2020
Waha Capital Investor Presentation |FY2021 5
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Al Waha Capital PJSC published this content on 17 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 09:20:01 UTC.
