Dar Al Arkan Real Estate Development Co. · TADAWUL:4300
Dar Al Arkan Real Estate Development — Q1 2018 Earnings Presentation
23 slides from Dar Al Arkan Real Estate Development's earnings presentation, 2018
Slide 1: Investor Presentation Q1, 2018
Investor Presentation Q1, 2018 www.daralarkan.com
Slide 2: Table of Contents
Table of Contents Content Page No. 1. Macro Economic Overview & KSA Real Estate Market 4 2. Overview of Dar Al Arkan 7 3. Financial Performance Overview 10 4. Overview of Assets Portfolio 15 5. Appendix 19 2
Slide 3: Key Investment Highlights
Key Investment Highlights Interest in diverse properties with Diversification & International Strong financial position rigorous approach to acquisition expansion DAAR has a diverse investments in lands. Key purpose of the strategy is to deliver DAAR maintains a healthy balance sheet The carrying co
Slide 4: Macro Economic Overview & KSA Real Estate Market
Divider Page Divider 1. MacroPage Economic Overview & KSA Real Estate Market 4
Slide 5: Macroeconomic Overview
Macroeconomic Overview National Transformation Plan NTP (2020) aims to rebalance and diversify the economy through private sector inclusion. Stabilizing oil prices and NTP to spur the economic growth in 2018 and beyond Oil Price Recovery and Economic Continued Declining Deficit Over 5% Rise in Budge
Slide 6: KSA Real Estate Sector Overview
KSA Real Estate Sector Overview Value of Real Estate Transactions in KSA KSA Real Estate Price Index (QoQ) SAR 90 1.0% Bn 0.5% 80 0.5% 0.2% -0.1% 70 0.0% 37.2 27.4 -0.7% 60 29.8 -0.5% 50 -1.0% -1.5% 24.5 19.6 40 12.9 -1.5% 18 17.4 11.6 -2.0% -2.3% 30 -2.7% 45.6 45.2 50.6 -2.5% 20 35.1 36.3 30.3 33.7
Slide 7: Overview of Dar Al Arkan
2. Overview of DarDivider Page Al Arkan Divider Page 7
Slide 8: Overview of Dar Al Arkan
Overview of Dar Al Akran Dar Al Arkan has been in operation for over 20 years and has played a significant role in the development of the real estate sector in the KSA. DAAR was named under the National Transformation Program 2020 as a key player to drive growth in the real estate sector Dar Al Ar
Slide 9: Dar Al Arkan Real Estate Assets
Dar Al Arkan Real Estate Assets Projects Land Break up (Sqm) Real Estate Properties Value Break up (SAR) Shams Ar Riyadh 3.2 mn Investment Shams Al Property Arous 3.3 bn 0.9 mn 20.4% Development Projects Investments 2.9 bn in Lands Juman 17.9% 10.0 bn 8.2 mn 61.7% *DAAR holds 18% share in Juman DA
Slide 10: Financial Performance Overview
Divider Page Divider Page 3. Financial Performance Overview 10
Slide 11: Financial Performance – Q1, 2018 Profitability
Financial Performance – Q1, 2018 Profitability Historical Quarterly Revenue (SAR mn) 3,000 2,794 2,435 2,500 2,000 1,483 1,500 1,000 618 435 408 410 360 456 500 - Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Revenue in Q1 of SAR 2,794 m is the highest recorded in the last 8 quarters. Q1
Slide 12: Financial Performance – Q1, 2018 Profitability
Financial Performance – Q1, 2018 Profitability Recurring Revenue (SAR mn) Gross Profit (SAR mn) & Margin (%) 500 44% 45% 465 475 50% 50 40% 42% 38% 37 37 37 39 36 38 400 35% 353 40% 40 35 36 34 30 300 245 24% 30% 192 185 19% 17% 200 170 160 20% 20 136 10 100 10% 0 0 0% Q1-16 Q2-16 Q3-16 Q4-16 Q1-17
Slide 13: Financial Performance – Q1 2018 Cash Flow
Financial Performance – Q1 2018 Cash Flow Cash Flow – Q1 2018 (SAR mn) Income / sources of Cash Uses of Cash / Expenses 10,000 8,000 83 2,136 1,875 6,000 347 22 2,794 4,000 5,240 2,000 3,160 - Starting Cash Revenue Debt Issuance Debt Investments of OPEX and Development Projects Ending Cash Repayment
Slide 14: Financial Performance – 2017 Funding
Financial Performance – 2017 Funding Moody’s revised DAAR’s outlook to positive on B1 in Q1, 2018 Gross Debt / Capitalization Effective Cost of Funding 40% 10.00% 30% 30.0% 8.00% 7.07% 30% 26% 6.24% 6.44% 6.37% 6.12% 25% 5.76% 22% 6.00% 20% 4.00% 10% 2.00% 0% 0.00% 2014 2015 2016 2017 Q1-18 2016 Q1-
Slide 15: Overview of Assets Portfolio
Divider Page Divider Pageof 4. Overview Assets Portfolio 15
Slide 16: Residential & Commercial Development Projects
Residential & Commercial Development Projects Riyadh Projects Jeddah Projects Eastern Province Projects I Love Florence, Dubai - Situated in the Al-Ammariyah - The site is situated 12 kms from - The project is located in the - The I Love Florence Tower district (King Khalid Road), part of CBD direct
Slide 17: Portfolio Summary – Completed Residential Properties
Portfolio Summary – Completed Residential Properties Parisiana South Parisiana Living Naeem Eljiwar Al Maseef Complex - Located in Riyadh city and - Located in Riyadh city and - Located within the boundary of - The complex is located in Al easily accessed through King easily accessed through King th
Slide 18: Leasing Properties Portfolio
Leasing Properties Portfolio Al-Qasr Mall, Riyadh Land Area 61,949 m² Built up Area 220,202m² Gross Leasable Area 78,958 m² No. of floors 3 Leasable Floors plus two parking Parking 1,579 Parking Spaces Latest Activity: 14 theater multiplex cinema agreement signed. Ground floor expansion of 10,242 sq
Slide 19: Appendix
Divider Page Divider 5. Page Appendix 19
Slide 20: Appendix I – Income Statement
Appendix I – Income Statement SAR in 000s FY 2015 FY 2016 FY 2017 Q1, 2017 Q1 2018 Revenue 2,211,349 1,870,229 4,734,687 360,329 2,793,913 Cost of revenue (1,228,117) (1,078,286) (3,620,675) (224,636) (2,319,302) Gross profit 983,232 791,943 1,114,012 135,693 474,611 % 44.5% 42.3% 23.5% 37.7% 17.0%
Slide 21: Appendix II – Balance Sheet
Appendix II – Balance Sheet SAR in 000s FY 2015 FY 2016 FY 2017 Q1 - 2017 Q1 - 2018 Cash 1,001,061 582,087 3,159,666 874,571 5,240,499 Accounts Receivables 1,948,687 1,839,470 3,338,618 1,662,279 5,391,871 Pre-paid Expenses 974,809 743,508 694,707 736,727 705,117 Project in Progress-ST - - 49,227 -
Slide 22: Disclaimer
Disclaimer THIS PRESENTATION IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES. THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS P
Slide 23: Thank you
Investor Relations Riyadh – Saudi Arabia Thank you Tel: +966 11 206 9888 Ext:1640 ir@alarkan.com
Dar Al Arkan Real Estate Development — Q1 2018 Earnings Presentation on 6ix