GFH Financial BSC : Q2, Presentation

GFH Financial Group

Stable performance amongst market disruptions

Presentation to the Investors on Q2 2022 Results

11 August 2022

Importance Notice and Forward-Looking Statements

Important notice

The information set out in this presentation and subsequent webcast does not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation of any offer to purchase any securities or other financial instruments or any recommendation in respect of such securities or instruments.

Forward-looking statements

This presentation and subsequent webcast may contain projections, estimates, forecasts, targets, opinions, prospects, results,

returns and forward-looking statements with respect to the financial condition, results of operations, capital position and business of the Group (together, "Forward-LookingStatements"). Any such Forward-Looking Statements are not a reliable indicator of future

performance, as they may involve significant assumptions and subjective judgments, which may or may not prove to be correct, and there can be no assurance that any of the matters set out in Forward-Looking Statements are attainable, will actually occur or will be realized or are complete or accurate. Forward-Looking Statements are statements about the future and are inherently uncertain and generally based on stated or implied assumptions. The assumptions may prove to be incorrect and involve known and unknown risks, uncertainties, contingencies and other important factors, many of which are outside the control of the Group. Actual achievements, results, performance or other future events or conditions may differ materially from those stated, implied and/or reflected in any Forward-Looking Statements due to a variety of risks, uncertainties and other factors (including without limitation those which are referable to general market conditions or regulatory changes). Any such Forward- Looking Statements are

based on the beliefs, expectations and opinions of the Group at the date the statements are made, and the Group does not assume, and hereby disclaims, any obligation or duty to update them if circumstances or management's beliefs, expectations or

opinions should change. For these reasons, recipients should not place reliance on, and are cautioned about relying on, any Forward-Looking Statements.

2 |	Presentation to the Investors - Q2 2022 results

GFH Group at a Glance

• Executing our strategy of stable growth
• Deliver good results across business lines
• Offer best in class diverse products to investors

H1 2022

• Shareholders' profit H1
  2022 $42.2m14%
• Consolidated profit for the period of $45.4m3.0%
• Growth in total assets by 5.4% to $8.5 billion

Returns:

Annualized ROE for

2022 at 8.6%

Assets &

AUM:

~USD 16.4

billion

Regulated by:

CBB -

Bahrain

DFSA - UAE

CMA - KSA

Listed in:

Bahrain

Kuwait

Dubai

Abu Dhabi

3 |	Presentation to the Investors - Q2 2022 results

Continue to report stable results with 10% growth in Q2 22 shareholder profits

Q2 2022

• Shareholders' profit Q2

2022 $23.1m 10.2%

1

Investment banking business 2 deals placed in Q2. Gross

income from investment banking of $20.4m

Higher contribution from KHCB, adding another $9.0m in

• Consolidated profit for the

quarter of $26m 4.9%

• Q2 net profit to GFH profits

• Higher contribution from investment portfolio, including Infracorp profits and dividends from co-investments

H1 2022

• Shareholders' profit H1

2022 $42.2m 14%

4

Gross treasury income stable during Q2 2022. Treasury numbers were impacted by negative MTM during Q2 22

Standalone net debt to equity ratio as at 30 June 2022

•	Consolidated profit for the
•	period of $45.4m 3.0%
Annualised ROE at 8.6%

• was 1.34x compared to 1.02x in March 2022

6	Capital adequacy at 13.62%, LCR and NSFR above
regulatory requirements of 100%

4 |	Presentation to the Investors - Q2 2022 results

Strong overall performance

		H1	H1	% change
	2022	2021
Consolidated profit	45.4	44.1		3%
Shareholders profit	42.2	37.0		14%
Total income	182.8	181.0		1%
Operating expenses	59.6	59.8		(0.30)%
Finance expenses	80.7	63.4		27%
		H1	H1
		2022	2021
Book value per share ($)		0.27	0.25
Average cost of funds		5%	4.9%
Yield from liquid assets		4.0%	9.4%
Price to Book		1.2x	0.84x
Market capitalization ($)		1,042m	860m
Assets + AUM ($)		16.4Bn	13.28Bn

$m

	Q2	Q2	% change
	2022	2021
Consolidated profit	26	24.8	5%
Shareholders profit	23.1	20.9	10%
Total income	91.9	90.6	1%
Operating expenses	25.3	27.6	(8)%
Finance expenses	44.9	29.7	51%
EPS	1.22	1.21	1%

	Jun-22	Dec-21	% change
Total assets ($ bn)	8.5	8.1	5%
Total liabilities ($ bn)	7.5	6.9	8%
Shareholders' equity ($ bn)	0.9	0.9	2%

5 |	Presentation to the Investors - Q2 2022 results