Alec Holdings Pjsc · DFM:ALEC
Alec Holdings Pjsc — Investor Presentation (June 2026)
29 slides from Alec Holdings Pjsc's investor presentation, June 2026
Slide 1: Investor Presentation June 2026
INVESTOR PRESENTATION June 2026 JUNE INVESTOR PRESENTATION 1
Slide 2: Disclaimer
DISCLAIMER No statement in document is intended to be nor may be construed as a profit forecast. Any statements made in this document which could be classed as "forward-looking" are based upon various assumptions, including management’s examination of historical operating trends, data contained in t
Slide 3: Agenda
AGENDA 1 OVERVIEW 2 Q1 2026 FINANCIAL PERFORMANCE 3 OPERATIONAL HIGHLIGHTS 4 STRATEGY & GUIDANCE 5 INVESTMENT CASE 6 Q&A JUNE INVESTOR PRESENTATION 3
Slide 4: Overview
1 OVERVIEW
Slide 5: Q1 2026 at a Glance
Q1 2026 AT A GLANCE YoY % QoQ % AEDm Q1 2026 Q1 2025 change Q4 2025 change Revenue 4,609 2,467 87% 3,698 25% EBITDA 362 202 79% 400 (10) % EBITDA margin 7.9% 8.2% (35) bps 10.8% (298) bps Net Income 230 114 101% 256 (10) % Net Income Margin 5.0% 4.6% 36 bps 6.9% (191) bps FU J Y N2E0 2I N 5 VE EASRT
Slide 6: Regional construction champion delivering complex, large-scale projects across strategic growth sectors
REGIONAL CONSTRUCTION CHAMPION DELIVERING COMPLEX, LARGE-SCALE PROJECTS ACROSS STRATEGIC GROWTH SECTORS IN THE UAE AND KSA BUSINESS OVERVIEW LARGE AND SECURED BACKLOG Well-established presence in the UAE since 1999; strategic expansion in Saudi Arabia since 2022 as well as successful acquisition of
Slide 7: Superior expertise in a range of complex projects serving nationally critical sectors
SUPERIOR EXPERTISE IN A RANGE OF COMPLEX PROJECTS SERVING DIFFERENT NATIONALLY CRITICAL SECTORS SELECTED EXAMPLES WITHIN EACH INDUSTRY DATA CENTRES HOTELS COMMERCIAL New focus sector Area: 1.5m m2 Area: 1.0m m2 STARGATE UAE WYNN AL MARJAN ONE ZA’ABEEL Client: Khazna Client: Wynn Resorts Client: Ithr
Slide 8: UAE infrastructure investment continues to advance at scale
UAE INFRASTRUCTURE INVESTMENT CONTINUES TO ADVANCE AT SCALE ADNOC Sphere Abu Dhabi Dubai Metro Gold Line AED 200bn1 AED 6.2 bn2 AED 34 bn3 Following OPEC exit (May Yas Island venue, first outside Approved 22 April 2026; 42km 2026); AED 200bn ($55bn) the US; ~20,000 capacity; underground, 18 stations
Slide 9: Two landmark award wins across entertainment and energy
TWO LANDMARK AWARD WINS ACROSS ENTERTAINMENT AND ENERGY SPHERE ABU DHABI ADNOC DAS ISLAND Alec Construction TARGET Engineering Three EPC contracts for TARGET Engineering on ADNOC's Das Island ALEC's largest entertainment-sector award, deepening its Yas Island tourism strengthening its offshore energ
Slide 10: Building a market-leading presence in KSA, delivering on the Kingdom's vision
BUILDING A MARKET-LEADING PRESENCE IN KSA, DELIVERING ON THE KINGDOM’S VISION AQUARABIA, QIDDIYA CITY W HOTEL RIYADH, KAFD ALEC delivered the full project ALEC FITOUT delivered at the W scope (construction, installation, Hotel in Riyadh's King Abdullah [Image placeholder] testing, commissioning and
Slide 11: Revenue more than doubles as backlog conversion accelerates across all segments
REVENUE MORE THAN DOUBLES AS BACKLOG CONVERSION ACCELERATES ACROSS ALL SEGMENTS QUARTERLY REVENUE TRENDS REVENUE AND PROFIT H2 surpass H1, with Q4 typically strongest RECOGNITION POLICY Elevated revenue in Q4 Lower seasonality in Quarterly revenue trend in 2023 on account of revenue observed 2025 fo
Slide 12: Dedicated to the highest health & safety and worker welfare standards
DEDICATED TO THE HIGHEST HEALTH & SAFETY AND WORKER WELFARE STANDARDS HEALTH & SAFETY MANAGEMENT WORKER WELFARE STRATEGY ISO 45001/14001/9001 and 1 1 Dedicated worker welfare OSHAD1 certified health & team reviewing safety management subcontractors’ operations Mandatory welfare LTIFR2 of 0.104 per m
Slide 13: Q1 2026 Financial Performance
2 Q1 2026 FINANCIAL PERFORMANCE JUNE INVESTOR PRESENTATION 13
Slide 14: Record Q1 2026 performance with net profit more than doubling YoY
RECORD Q1 2026 PERFORMANCE WITH NET PROFIT MORE THAN DOUBLING YOY Record Q1 revenue of AED 4.6 billion, supported by a strong EBITDA NET INCOME order book and steady project execution and delivery across the UAE and KSA. AED 362m AED 230m REVENUE 79% YoY 101% YoY Q1 2026 EBITDA of AED 362 million, w
Slide 15: Strong balance sheet and efficient working capital management underpins operational agility
STRONG BALANCE SHEET AND EFFICIENT WORKING CAPITAL MANAGEMENT UNDERPINS OPERATIONAL AGILITY NET WORKING CAPITAL1 Q1 2026 net working capital outflows were seasonal, driven by higher receivables, retention balances, and contract-related NWC 835 850 607 856 811 amounts in line with increased activity
Slide 16: Maintaining a capex-light model as business scales investments
MAINTAINING A CAPEX-LIGHT MODEL AS BUSINESS SCALES INVESTMENTS CAPEX BREAKDOWN Q1 2026 was a quarter of significant execution activity, with CAPEX rising 78% YoY to AED 100 million as Capex as % 4.3% 3.1% 2.2% ALEC continued building delivery capacity 2.1% 3.5% of revenue 387 AED m 348 ALEC operates
Slide 17: Attractive dividend policy aimed at supporting long-term value
ATTRACTIVE DIVIDEND POLICY AIMED AT SUPPORTING LONG-TERM VALUE CASH DIVIDEND DISTRIBUTION SCHEDULE CAPITAL ALLOCATION FRAMEWORK AED 335 m AED 500 m Minimum 50% For FY-2025, AED 85 m Guided for FY-2026 Payout ratio of net distributed to ICD pre-IPO payable in October income, FY-2027 onwards, (Aug 202
Slide 18: Operational Highlights
3 OPERATIONAL HIGHLIGHTS JUNE INVESTOR PRESENTATION 18
Slide 19: Large, secured backlog driving visible, multi year revenue growth
LARGE, SECURED BACKLOG DRIVING VISIBLE, MULTI YEAR REVENUE GROWTH CONTINUED GROWTH IN BACKLOG S t r o n g T e n d e r i n g P i p e l i n e (3) BACKLOG EVOLUTION (AED bn) Q1 2026 BACKLOG KSA UAE BY COUNTRY 11% 89% Backlog coverage1 Related x Unspecified Unspecified 30.3 Business 27.5 26.7 5% Tendere
Slide 20: Building & Construction (B&C) Q1 2026
BUILDING & CONSTRUCTION (B&C) REVENUE & GROSS PROFIT KEY UPDATES REVENUE GROSS GROSS PROFIT1 MARGIN Ramp up in execution of three significant projects drove accelerated revenue and gross profit growth, namely: Q1 2026 AED 2,875m AED 197m 6.8% o Stargate Data Center 116% YoY 120% YoY vs. 6.7% (Q1 202
Slide 21: Energy Solutions Q1 2026
ENERGY SOLUTIONS REVENUE & GROSS PROFIT KEY UPDATES REVENUE GROSS GROSS Sustained top-line growth driven by execution PROFIT1 MARGIN against a deep ADNOC project portfolio across Offshore, Onshore and Gas Processing, supported by: Q1 2026 AED 1,499m AED 44m 2.9% o Continued progress across multi-yea
Slide 22: Related Businesses Q1 2026
RELATED BUSINESSES Strong margins, reflecting specialist, value-added nature of services and continued integration across projects REVENUE & GROSS PROFIT KEY UPDATES REVENUE GROSS GROSS PROFIT1 MARGIN Significant number of projects undertaken as subcontractors for the B&C segment, including: Q1 2026
Slide 23: Strategy & Guidance
4 STRATEGY & GUIDANCE
Slide 24: Focused strategy driving future growth
FOCUSED STRATEGY DRIVING FUTURE GROWTH 6 4 5 3 2 1 PURSUIT of value accretive DRIVE efficiencies opportunities in and excellence adjacent sectors, EXPAND through and geographies margins through investment in ESTABLISH project selection, technology, and regional business mix use of innovative EXPAND
Slide 25: Guidance
GUIDANCE MANAGEMENT’S OUTLOOK 2026 MEDIUM-TERM ~2.0x-2.5x supported by a healthy projects pipeline and Backlog 100% of revenue covered future anticipated projects Revenue Growth ~50-55% Grow at an implied CAGR of ~7-8% Gross Profit Margin ~10.3% Gradually improve by ~100bps EBITDA Margin ~8.5% Gradu
Slide 26: Investment Case
5 INVESTMENT CASE
Slide 27: ALEC's differentiated value proposition
ALEC’S DIFFERENTIATED VALUE PROPOSITION Longstanding track Operational Unparalleled Strongly positioned to record of financial and excellence and risk capabilities to deliver continue capturing commercial success, management drive a large-scale complex significant growth in the with close to 20 sust
Slide 28: Q&A Thank You
6 Q&A THANK YOU
Slide 29: IR Contact
IR CONTACT JOHN DEEB ASER MOKHTAR CHIEF FINANCIAL OFFICER INVESTOR RELATIONS OFFICER I N V E S T O R . R E L A T I O N S @ A L E C . A E JUNE INVESTOR PRESENTATION 29
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