Talaat Moustafa Group Holding · EGX:TMGH
Talaat Moustafa — 9M2021 Earnings Presentation
16 slides from Talaat Moustafa's earnings presentation, November 2021
Slide 1: 9M2021 Update
9M2021 UPDATE NOVEMBER 2021 TMG Holding S.A.E. .م.م.ﻣﺠﻤﻮﻋﺔ ﻃﻠﻌﺖ ﻣﺼﻄﻔﻰ اﻟﻘﺎﺑﻀﺔ ش ( +20 2 3331 2000 Publicly held since 2007 34/36 Mossadek St., Dokki اﻟﺪﻗﻲ، ﺷﺎرع ﻣﺼﺪق٣٤/٣٦ IR@tmg.com.eg EGX: TMGH.CA / TMGH EY ﻣﺼﺮ،اﻟﺠﻴﺰة Giza, Egypt www.talaatmoustafa.com
Slide 2: About TMG Holding
About TMG Holding Talaat Moustafa Group Holding (TMG Holding) a leading conglomerate with special emphasis on developing integrated communities, including but not limited to mixed-use real estate and hospitality projects across Egypt’s key cities. It has an Market capitalization (as in November 2021
Slide 3: Investment themes: sales, recurring income, value creation
Investment themes that are important to consider right now when discussing TMG potential, deep inherent value in its stock and the abundance of positive catalysts on the horizon Solid financial and operational performance of TMG during transformational years 2020/2021 confirms management’s ability t
Slide 4: Key financial highlights of 9M2021
Key financial highlights of 9M2021 Continous strength of TMG’s financial results and profitability is a solid testimony to the robustness of management’s business strategy and well-executed long-term Recurring 3% 2% vision, yielding strong inprovements in profitability during 9M2021 8% Revenue Gross
Slide 5: Noor launch – unprecedented success
Noor launch – unprecedented success in the history of the Group and Egyptian real estate market Total net sales in 9M2021 reach a whopping EGP27.5bn, the highest in Egypt in recent history, providing a strong Total net sales achieved in Noor in 9M2021 testimony to management’s ability to address exi
Slide 6: Noor launch – unprecedented success in the history of the Group
Noor launch – unprecedented success in the history of the Group and Egyptian real estate market Sales value by project (9M2021) [EGPmn] Noor is a unique and unprecedented product proposal 638 , 2% 1,625 , 6% The city is our strong response to what we identified as the market’s current unfulfilled ne
Slide 7: Remarkable performance of the online sales platform
Remarkable performance of the online sales platform Online sales platform delivers remarkable performance during its first Percentage value sold online by project weeks of operation (June-September 2021) 0.8% 1.3% 3.6% Upon the launch of Noor and in swift recognition of new emerging trends in commer
Slide 8: Remarkable recovery in hospitality division across all properties
Remarkable recovery in hospitality division across all properties, Sharm El Sheikh shines ahead of the extension opening, FS Nile Plaza leads the portfolio in 9M2021 Comparison of cumulative EBITDA earned from All four operating hotels are already profit-making during 9M2021, month of hospitality se
Slide 9: Strong EBITDA recovery in hospitality segment during 9M2021
Strong EBITDA recovery in hospitality segment during 9M2021 EBITDA recovery - FS Nile Plaza (Cairo) EBITDA recovery - FS Sharm El Sheikh EBITDA recovery - Consolidated 100 60 54 90 250 90 195 40 200 80 70 150 20 60 EGPmn EGPmn EGPmn 100 50 0 39 40 50 -2 0 30 20 0 -21 20 12 -4 0 10 -5 0 -47 -51 0 -6
Slide 10: New mega-leasing deal signed for Open Air mall
New maga-leasing deal signed for Open Air mall, bringing 13 unique and high-demand brands. Visible improvement in retail / club revenues and sales during 9M2021, growth in new membership sales 10k sqm in Open Air Mall leased in a single high-value deal Revenue from club operations Signed the biggest
Slide 11: Investment land bank valued at EGP112.6bn (net)
Investment land bank valued at EGP112.6bn (net) Independent valuation prices a small chunk of TMG’s land bank at a whopping Investment land value EGP112.6bn In October 2021, we completed an independent review and valuation of a small chunk of our land bank (some 9.5mn sqm) EGP112.6bn representing ra
Slide 12: Over EGP16bn of liquidity generated through strategic transactions
Over EGP16bn of liquidity generated through strategic transactions Massive liquidity unlocked since mid-2020 through innovative transactions with prominent financial institutions Starting 2020, TMG Holding’s management was also focused on unlocking new liquidity required to proceed with new investme
Slide 13: Over EGP16bn of liquidity generated through strategic transactions
Over EGP16bn of liquidity generated through strategic transactions Massive liquidity unlocked since mid-2020 through innovative transactions with prominent financial institutions 4: In June 2021, TMG concluded its fourth transaction and the second with Rawasy, valued at a massive EGP9bn, pertaining
Slide 14: TMG at a glance
TMG at a glance [TMGH.CA/TMGH EY] as at end-9M2021 MENA’s leading developer(1) over 120k+ units delivered 905 operational hotel #1 Egyptian RE developer over 100k / 6k+ units sold rooms by market cap (since inception) (since inception / 9M2021) Highest cumulative deliveries by a 443 rooms under 50 y
Slide 15: Focused on corporate responsibility
Focused on corporate responsibility BUILDING SUSTAINABLE ENABLING ECONOMIC FOCUSED ON SOCIAL IMPACT § Shariah compliant – no exposure to alcohol sales or COMMUNITIES GROWTH gambling § Building sustainable communities focused on improving life-quality of an average citizen, with access to good- As a
Slide 16: Thank you
Hk =1E Thank you TMG Holding
Talaat Moustafa Group Holding — 9M2021 Earnings Presentation on 6ix