Slide 1: Investor Presentation Financial Results FY2019
INVESTOR PRESENTATION Financial Results FY2019 April 2020
Slide 2: Disclaimer
DISCLAIMER This disclaimer governs the use of this presentation You must not rely on the information in the presentations and alternatively we recommend you seek advice from an appropriately qualified professional If you have any specific questions about any matter in this presentation you should co
Slide 3: Contents
CONTENTS 02 Disclaimer 04 Vision, Mission & Values 05 Financial Results Highlights 13 Dividend History 14 Share Price Performance 15 At a Glance 16 Portfolio Update 20 Contact 03
Slide 4: Vision, Mission & Values
VISION, MISSION & VALUES Vision To be a world-class business generating long-term value by creating sustainable and successful lifestyle developments where people aspire to live, work and enjoy Mission To lead the development of real estate & tourism infrastructure in RAK, RAK Properties aims to att
Slide 5: Financial Results FY2019
KEY FINANCIAL HIGHLIGHTS Financial Results FY2019 • Revenue increased to AED 192mn in 2019 from AED 101mn in 2018, (+90% YoY) • Gross profit increased to AED 59mn in 2019 from AED 46mn in 2018, (+28% YoY) • Net profit decreased to AED 101mn in 2019 compared to AED 151mn in 2018 (-33% YoY) • Total sa
Slide 6: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS Key Results FY2019 (AED ‘000) Revenue Gross profit Net profit (AED ‘000) (AED ‘000) (AED ‘000) 192,423 58,608 100,700 Total assets Total equity Total liabilities (AED ‘000) (AED ‘000) (AED ‘000) 5,678,139 3,904,966 1,773,173 Sales backlog Earnings per share Cash Dividends (A
Slide 7: Key Financial Highlights: Quarterly Results 2019
KEY FINANCIAL HIGHLIGHTS Quarterly Financial Results 2019 Q1 Q2 Q3 Q4 Income Statement 31-Mar 30-Jun 30-Sep 31-Dec Revenue 45,793 32,673 56,028 57,929 Cost of revenue (29,452) (23,103) (38,977) (42,283) Gross profit 16,341 9,570 17,051 15,646 Profit for the period 4,016 11,820 17,080 67,784 Balance
Slide 8: Key Financial Highlights: Comparative Annual Results
KEY FINANCIAL HIGHLIGHTS Comparative Results Annual Income Statement FY 2019 FY 2018 %Chg Revenue 192,423 101,391 90% Cost of revenue (133,815) (55,570) 141% Gross profit 58,608 45,821 28% Profit for the period 100,700 150,524 -33% Balance Sheet FY 2019 FY 2018 %Chg Non-current assets 4,719,595 4,49
Slide 9: Key Financial Highlights: Revenue Segments 2019
KEY FINANCIAL HIGHLIGHTS Revenue Segments 2019 AED ‘000 70,000 57,929 60,000 56,028 ● ● 50,000 45,793 ● 40,000 32,673 ● 30,000 20,000 10,000 0 Q1 Q2 Q3 Q4 Sale of properties Rental income Facility management fee Forfeiture income Others 09
Slide 10: Key Financial Highlights: Total Assets 2019
KEY FINANCIAL HIGHLIGHTS Total Assets 2019 5,678,139 AED ‘000 6,000,000 5,398,946 5,463,858 5,520,824 ● ● ● ● 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 Q1 Q2 Q3 Q4 Property & equipment Investment properties Trading properties under development Cash in hand & at bank Trade & other receivabl
Slide 11: Key Financial Highlights: Total Liabilities 2019
KEY FINANCIAL HIGHLIGHTS Total Liabilities 2019 2,000,000 AED ‘000 1,773,173 1,800,000 1,674,019 ● 1,634,516 1,581,852 ● ● 1,600,000 ● 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 Q1 Q2 Q3 Q4 Deferred government grants Advances from customers Borrowings Trade and other payables Pr
Slide 12: Dividend History
DIVIDEND HISTORY ● Annual 0.040 AED ● Dividend yield +9.19% Annual 0.075 AED Annual 0.050 AED Dividend yield +14% Dividend yield +9.09% Annual 0.050 AED Dividend yield +13% ● ● ● ● ● ● ● ● Annual 0.050 AED Annual 0.050 AED Dividend yield +5.10% Dividend yield +7.57% Annual 0.075 AED Annual 0.050 AED
Slide 13: Share Price Performance
SHARE PRICE PERFORMANCE 12 month performance (Jan 2019 – Dec 2019) Currency – AED Market – ADX Symbol – RAKPROP Industry – Real estate Shares in issue – 2 billion Market capitalisation – 880 million 13
Slide 14: At a Glance
AT A GLANCE Key facts about the business • RAK Properties is a real estate development company located in Ras Al Khaimah, UAE • A public joint-stock company, listed on the Abu Dhabi Securities Exchange since October 2005 • One of the largest real estate developers in the UAE, known for large-scale p
Slide 15: Portfolio Update
PORTFOLIO UPDATE Development Historically RAK Properties has been investing in the development of residential, commercial, retail properties as well as the major infrastructure associated to the Mina Al Arab flagship project. Additionally, RAK Properties started sizeable investment in the developmen
Slide 16: Portfolio Update: Gateway Residence and Marbella Villas
PORTFOLIO UPDATE Gateway Residence Marbella Villas Raha Island, Mina Al Arab, RAK Hayat Island, Mina Al Arab, RAK Type Sales status Type Sales status Residential building 80% sold* Villas and Townhouses 35% sold* No of units / keys Status No of units / keys Status 144 apartments Handing over 205 vil
Slide 17: Portfolio Update: Julphar and Northbay Residence
PORTFOLIO UPDATE Julphar Residence Northbay Residence Al Reem Island, Abu Dhabi Hayat Island, Mina Al Arab, RAK Type Type Residential building Residential building No of units No of units 177 Apartments 266 Apartments Sales status Sales status Not launched 75% sold* Status Status Handover expected C
Slide 18: Portfolio Update: Hotels and Resorts
PORTFOLIO UPDATE Intercontinental Hotel & Resort Anantara Mina Arab Hotel & Resort Hayat Island, Mina Al Arab, RAK Mina Al Arab, RAK Type Opening Type Opening 5 star luxury resort Expected 2021 5 star luxury resort Expected 2022 No of units / keys Status No of units / keys Status 350 keys Constructi
Slide 19: Contact
CONTACT For further information on investor relations at RAK Properties contact: Ghaith Zghaibi Senior Manager Corporate Strategy & Investor Relations +971 07 228 4777 IR@rakproperties.ae www.rakproperties.ae 19