Emaar Properties (p.j.s.c) · DFM:EMAAR
Emaar Properties (p.j.s.c) — FY2007 Earnings Presentation
14 slides from Emaar Properties (p.j.s.c)'s earnings presentation, Jan 24, 2008
Slide 1: Emaar Properties PJSC 2007 Financial Results
Emaar Properties PJSC 2007 Financial Results January 24, 2008
Slide 2: Disclaimer
Disclaimer Emaar Properties PJSC, for themselves and for Emaar Group, give notice that: The particulars of this presentation do not constitute any part of an offer or a contract. Given that the presentation contains information based on forecasts and roll outs, all statements contained in this prese
Slide 3: Business Highlights
Business Highlights ¾ Milestones: 9 Emaar JV in Morocco started contributing positively to earnings 9 2,456 units sold in new international project launches for FY07 9 Property Company of the Year – Arabian Business Awards 9 ISO 14001:2004 certification for environmental management processes ¾ Emaar
Slide 4: Business Highlights: 2007 International Sales Status
Business Highlights Q407 FY07 2007 Sales Status – Main International Q407 FY07 Units Units Releases: Units Sold Units Sold Released Released Emaar the Economic City (Saudi 116 109 540 433 Arabia) Jeddah Gate (Saudi Arabia) 190 91 190 91 Uptown Cairo and Marassi (Egypt) 917 605 1,367 925 The Eighth G
Slide 5: Financial Highlights
Financial Highlights Millions 2007 2006 % of change AED USD AED USD Revenue 17,566 4,782 14,006 3,813 25% Gross Profit 6,926 1,886 6,966 1,897 (1%) Net Profit 6,575 1,790 6,371 1,735 3% EPS (AED/USD) 1.08 0.29 1.05 0.29 3% Emaar Properties 2007 Annual Results Presentation www.emaar.com Page 4
Slide 6: Quarterly Revenue & Gross Profit Analysis
Quarterly Revenue & Gross Profit Analysis Revenue Composition Evolution 11% 5% Land 19% 31% 33% 19% WWL Homes 29% 8% V Villas 57% 39% A Apartments, 48% c commercial & rental income Q4-2006 Q3-2007 Q4-2007 REVENUE (AED Millions) GROSS PROFIT MARGIN (%) Q4-2006 Q3-2007 Q4-2007 Q4-2006 Q3-2007 Q4-2007
Slide 7: Quarterwise Revenue and GP Margin analysis – Emaar Dubai
Quarterwise Revenue and GP Margin analysis– Emaar Dubai (excluding land sales) 3,000 80% Revenue-Apt/comm/rental income 70% 2,500 Revenue from Villas 60% Rev enue-A E D m illions 2,000 50% G P M argin (% ) Gross Margin Excluding Land Sales (%) 1,500 40% GP Margin-Apt/comm/rental 30% income 1,000 20%
Slide 8: Quarterwise Sales – (UAE only)
Quarterwise Sales – (UAE only) 5,000 4,681 4,500 4,308 3,607 4,000 3,378 3,500 3,000 2,552 2,243 2,069 2,500 2,000 1,332 1,500 1,000 500 0 Q1-06 Q2-06 Q3-06 Q4-06 Q1-07 Q2-07 Q3-07 Q4-07 Sales (AED Millions) Emaar Properties 2007 Annual Results Presentation www.emaar.com Page 7
Slide 9: Financial Performance – AED millions
Financial Performance – AED millions Q407 Q307 % Q406 % 2007 2006 % Revenue 5,029 4,459 13% 5,548 (9%) 17,566 14,006 25% Gross Profit 1,811 1,666 9% 2,093 (13%) 6,926 6,966 (1%) SG&A (583) (574) 2% (602) (3%) (2,119) (1,400) 51% Other Income 256 344 (26%) 189 35% 1,341 709 89% Associates 234 118 98%
Slide 10: Q1 2008 Project Launches
Q1 2008 Project Launches Dubai - New projects at Burj Dubai Development, Polo Homes at Arabian Ranches and Bawadi India - Launch of new phases at Mohali Hills and Palm Drive (Gurgaon) - Boulder Hills in Hyderabad - New project in Ghaziabad - Common Wealth Games Village Egypt - New phases of Marassi
Slide 11: FY 2008 Guidance
FY 2008 Guidance 9 UAE property development business to continue to grow at 2007 levels 9 UAE property development gross margins to remain robust and in line with 2007 levels – 40%-to-50% 9 Plans to launch increasing number of international projects with earnings contributions expected by H2 2008. I
Slide 12: Q&A
Q&A Emaar Properties 2007 Annual Results Presentation www.emaar.com Page 11
Slide 13: Appendix
Appendix Emaar Properties 2007 Annual Results Presentation www.emaar.com Page 12
Slide 14: Annual Revenue & Gross Profit Analysis
Annual Revenue & Gross Profit Analysis Revenue Composition Evolution 8% 21% Land 20% WWL Homes 21% 19% 18% V Villas 53% A Apartments, c commercial & rental 40% income 2006 2007 REVENUE (AED Millions) GROSS PROFIT MARGIN (%) 2006 2007 2006 2007 Land 2,986 1,354 89% 87%(1) Villas 2,537 3,370 59% 65% A