GFH Financial Group Q1 2016 Results Presentation to Investors and Analysts For the Period Ended March 31 st 2016 GFH Financial Group Q1 2016 Results Presentation 1 |
Important 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 -Looking Statements”) . 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. GFH Financial Group Q1 2016 Results Presentation 2 |
Agenda 1. Group Highlights 2. Q1 2016 Financial Performance Review 3. Strategic Outlook 4. Q&A GFH Financial Group Q1 2016 Results Presentation 3 |
Group Highlights • Khaleeji Commercial Bank (“KHCB”) delivered strong growth in net income of 70% year-on-year ($7.5 million) – Impressive growth in financing assets of 23% year-on-year ($1.1 billion) Commercial – Continued momentum in retail banking division with segmental net Banking profit growing by 30% – On-going cost management with cost-to-income decreasing from 59% (Q1 2015) to 46% (Q1 2016) • Strong levels of fee generation for the Group in Q1 2016 of $8.7 million Private Equity – Positively impacted by Group’s role in selling apartments to its investors & Asset Management in 1 Palace Street, a prime residential development overlooking Buckingham Palace • Group results positively impacted due to recovery from Ex-Chairman and settlement of other receivables to the Group Recoveries, Income • Continued income diversification, with growing contribution from Private Diversification Equity & Asset Management and Commercial Banking & RoC • Strong increase in RoC with annualized Q1 2016 RoC reaching 4.1% Group net income attributable to shareholders increased 177% to $6.1 million in Q1 2016 GFH Financial Group Q1 2016 Results Presentation 4 |
Agenda 1. Group Highlights 2. Q1 2016 Financial Performance Review 3. Strategic Outlook 4. Q&A GFH Financial Group Q1 2016 Results Presentation 5 |
Commercial Banking – Strong Growth in Net Income of 70% Financing Assets ($m) (1) Customer Deposits ($m) (2) 76% 93% 1,169 1,083 878 1,159 Mar 2015 Mar 2016 Mar 2015 Mar 2016 Loan to Deposit Ratio Total Income ($m) Net Income ($m) 6.7% 10.8% 59% 46% 16.0 7.5 11.5 4.4 Mar 2015 Mar 2016 Mar 2015 Mar 2016 Cost to Income Ratio Return on Capital (3) (1) Includes financing assets and assets acquired for leasing. (2) Includes customers’ current accounts and equity of investment account holders. (3) Annualized. GFH Financial Group Q1 2016 Results Presentation 6 |
Private Equity & Asset Management – Strong Levels of Fee Generation • Fee Income Generation ($m) Strong levels of fee generation for the Group in Q1 2016 of $8.7 million – Positively impacted by Group’s role in selling apartments to its investors in 1 Palace Street 11.8 – 1 Palace Street is located opposite Buckingham Palace and comprises 72 8.7 extraordinary apartments, each individual in design and layout Mar 2015 Mar 2016 GFH Financial Group Q1 2016 Results Presentation 7 |
Income Diversification & Profitability Income Diversification Q1 2016 Group Income Contribution 2019 Expected Group Income Contribution Other RE Devt. RE Devt. Other GFH Capital 10.0% 13.3% 14.2% 15.0% & Other Subsidiaries By 15.0% PE & 2019 PE 17.0% AM 20.0% 15.0% AM 55.5% Commercial 25.0% Banking Commercial Banking Group Profitability (Return on Capital) 8-10% By 4.1% 2019 0.6% 2019 Mar 2015 Mar 2016 Expected The Group is aiming to diversify its operations as well as targeting to generate an ROC of 8-10% by 2019 GFH Financial Group Q1 2016 Results Presentation 8 |
Agenda 1. Group Highlights 2. Q1 2016 Financial Performance Review 3. Strategic Outlook 4. Q&A GFH Financial Group Q1 2016 Results Presentation 9 |
GFH Financial Group – A Fully Integrated Financial Services Group… Commercial Banking Private Equity Asset Management Real Estate Devt. New RE Harbour Row 16% Investments 47% Jeddah Dubailand 18% 6% Mall 13% India US DURP 7% Subsidiaries US Industrial 5% 5% Morocco 18% Tunisia GFH Capital New Wealth Management PE Deals GFH Stake GFH Financial Group Q1 2016 Results Presentation 10 |
…Led by a Completely Independent Board of Directors… Chairman Dr. Ahmed Al-Mutawa Vice-Chairman Mosabah Al-Mutairy Board Members Bashar Dr. Khalid Sh. Mohammed Bin Mohammed AlMutawa AlKhazraji Duaij Al-Khalifa Talib Yousef Hisham Faisal Abdulla Jassim AlGhanim Alrayes Abubshait Al Seddiqi (1) (1) Representing Abu Dhabi Financial Group as major shareholder. GFH Financial Group Q1 2016 Results Presentation 11 |
… And Complemented by a New Management Team Chief Executive Officer Hisham Alrayes Chief Financial Officer Investment Team Real Estate Development Risk Chandan Elias Ajay Gupta Karaan Subramanian Salem Mohamed Patel Marei Internal Audit Chief Administrative Officer Legal Investor Relations Mohamed Baha Gaby Hazim Ameen Al-Marzooq Elhakim Abdulkarim Compliance Wealth Management Nabeel Mirza Mohammed Mahmood Abdulrahman Razi Almerbati Mohamed Abdulmalik Alkooheji Almalki (Bahrain, Jeddah & Khonji Head of WM (Riyadh) (Kuwait) Eastern Province) (UAE & Oman) GFH Financial Group Q1 2016 Results Presentation 12 |
Agenda 1. Group Highlights 2. Q1 2016 Financial Performance Review 3. Strategic Outlook 4. Q&A GFH Financial Group Q1 2016 Results Presentation 13 |
Q&A Thank You Q&A GFH Financial Group Q1 2016 Results Presentation 14 |
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