Mabanee Company (sakc) · KSE:MABANEE
Mabanee Company (sakc) — Mabanee Company — Q1 2025 Earnings Presentation
30 slides from Mabanee Company (sakc)'s earnings presentation, Mar 31, 2025
Slide 1: Q1 - 2025 Results Presentation
Q1 - 2025 Results Presentation Period Ended March 31, 2025
Slide 2: Disclaimer
DISCLAIMER The information set out in this presentation and provided in the discussion subsequent thereto does not constitute an offer, an agreement, or a solicitation of an offer to buy or sell securities. It is solely for use at an investor presentation and is provided as information only. This pr
Slide 3: Content
CONTENT 4 PERFORMANCE HIGHLIGHTS 5 • THE AVENUES • SABAH AL AHMAD (S3) KUWAIT • HILTON GARDEN INN • AVENTURA - (J3) OPERATIONAL PROJECTS • WALDORF ASTORIA • BLAJ-13 12 BAHRAIN • • THE AVENUES - BAHRAIN HILTON GARDEN INN 16 • THE AVENUES - RIYADH KSA • THE 5 TOWERS • THE AVENUES - KHOBAR 20 ESTIMATED
Slide 4: Performance Highlights Q1 - 2025
PERFORMANCE HIGHLIGHTS Q1 - 2025 Strong Group KD 34.12mn KD 21.64mn KD 33.41mn performance 3.05% -8.83% 105.45% • Revenue • Adj. EBITDA • Net Profit • Salmiya plots sold for KD 28 million with a profit of approximately KD 21 million. • The opening of phase two of The Avenues - Bahrain. Business • Ma
Slide 5: Kuwait
KUWAIT • AVENTURA (J3) • THE AVENUES - HILTON GARDEN INN - WALDORF ASTORIA • PLAGE-13 • SABAH AL AHMAD (S3) 5
Slide 6: Entertainment Joint Venture
ENTERTAINMENT JOINT VENTURE • Board of Directors approved establishing a joint venture company focusing on the entertainment sector where Mabanee will own 80%. • Entertainment JV will offer exciting, international concepts in Kuwait and the Kingdom of Saudi Arabia. • The JV signifies a further step
Slide 7: The Avenues - Kuwait
THE AVENUES - KUWAIT BUILT-UP AREA 1,300,000 sqm 12 DISTRICTS STORES 1,100+ • Excellent occupancy rate of 98% in Q1 2025. CINEMAS 28 • Increase in footfall as The Avenues continues to be the leading retail and entertainment destination in Kuwait. PARKING 13,000 • Mabanee continues to efficiently mai
Slide 8: Hilton Garden Inn Waldorf Astoria
HILTON GARDEN INN WALDORF ASTORIA BUILT-UP AREA 35,000 sqm NO. KEY 385 Hilton Group OPERATOR • Main occupancy driver for the Hilton Garden • The Waldorf Astoria Hotel experienced good Inn continues to be through corporate business occupancy of 49.9% during Q1 2025. and trainings, with a new segment
Slide 9: Aventura (J3) - Kuwait
AVENTURA (J3) - KUWAIT CMYK MABANEE’S MANAGEMENT 100% MABANEES OWNERSHIP 35% PPP project PROJECT TYPE BUA 295,000 sqm MALL GLA 108,200 sqm NUMBER OF UNITS 445 • The residential component, ‘Aventura Residences’ is at current progress of 74.9% as per the first Q1 Q2 Q2 Q3- 2026 Q4 milestone set by PAH
Slide 10: Sabah Al Ahmad (S3) - Kuwait
SABAH AL AHMAD (S3) - KUWAIT MABANEE’S MANAGEMENT 100% MABANEE’S OWNERSHIP 100% PPP project PROJECT TYPE SOUK PLOT AREA 32,451 sqm • Located in Sabah Al-Ahmad City, the project includes a traditional souk and three-star hotel, Hampton Inn by Hilton. 110 HOTEL ROOMS BUA 66,053 • Site excavation works
Slide 11: Plage-13 (Hilton Kuwait Resort)
PLAGE-13 (Hilton Kuwait Resort) PLAGE-13 MABANEE’S MANAGEMENT 100% PLAGE-13 242,436 LAND AREA (m2) sqm 70,925 BUA (m2) sqm • The project is under a 16-month renovation period and a total of 17-year investment period HILTON WORLDWIDE contract with TEC. HOTEL OPERATOR • Received official handover from
Slide 12: Bahrain
BAHRAIN • THE AVENUES - BAHRAIN • HILTON GARDEN INN - BAHRAIN 12
Slide 13: The Avenues - Bahrain
THE AVENUES - BAHRAIN MABANEE’S OWNERSHIP 35% MABANEE MANAGEMENT BAHRAIN 136,000 BUILT-UP AREA sqm 3+ DISTRICTS • Occupancy rate of 96% in the first quarter of 2025. UNITS 120 • Continues to be a popular destination for visitors and locals alike. 10 • Footfall continues to be strong, supported by th
Slide 14: The Avenues - Bahrain II
THE AVENUES - BAHRAIN II MABANEE’S OWNERSHIP 35% MABANEE MANAGEMENT BAHRAIN BUILT-UP AREA 115,870 sqm • Soft opening was concluded for Phase II in Q1 2025, with occupancy rate of 54% already leased. UNITS 248 • Extension includes an ice-skating rink, Lulu Hypermarket and additional retail and F&B un
Slide 15: Hilton Garden Inn - Bahrain
HILTON GARDEN INN - BAHRAIN MABANEE’S OWNERSHIP 35% BUILT-UP AREA 23,500 sqm 192 NO. KEY • Hotel is performing at an occupancy rate of 60.2%. HILTON GROUP • Continues to be a popular choice for business travelers and visitors alike. OPERATOR • Completed new enhancements to the Hilton Garden Inn inte
Slide 16: KSA
KSA • THE AVENUES - KHOBAR • THE 5 TOWERS • THE AVENUES - RIYADH 16
Slide 17: The Avenues - Riyadh
THE AVENUES - RIYADH MABANEE’S OWNERSHIP 73% SHOMOUL MANAGEMENT HOLDING 1,800,000 MALL & INFRA- STRUCTURE BUA sqm 1,700 STORES • Construction is progressing according to schedule for the mall component, scheduled for completion by the end of 2026. 15,000 PARKING • Overall progress is at 69.5% for th
Slide 18: The Towers
THE 5 TOWERS • Office Tower 41,133 GLA sqm • Waldorf Astoria 389 Units/ Keys • Residences 232 • The Avenues - Riyadh will comprise of 5 towers reaching up to 36-storeys. The towers include hospitality, Units/ Keys residential and commercial functions. • Canopy • Shomoul awarded two contractors for t
Slide 19: The Avenues - Khobar
THE AVENUES - KHOBAR MABANEE’S OWNERSHIP 73% SHOMOUL MANAGEMENT HOLDING BUILT-UP AREA 696,000 sqm STORES 700 • Overall progress for the mall and mixed-use tower has reached 17.92%, according to schedule. 6,400 PARKING • The mixed-use tower includes offices with a GLA of around 16,000 sqm and a Canop
Slide 20: Estimated Projects Timeline (Under Development)
ESTIMATED PROJECTS TIMELINE (UNDER DEVELOPMENT) 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 THE KINGDOM OF THE AVENUES RIYADH SAUDI ARABIA THE KINGDOM OF THE 5 TOWERS - RIYADH SAUDI ARABIA THE KINGDOM OF AVENUES KHOBAR SAUDI ARABIA KUWAIT J3-AVENTURA KUWAIT S3-SOUK SABAH KUWAIT PLAGE-13 K
Slide 21: ESG Highlights Q1 2025
ESG Highlights Q1 2025 Significant progress in waste recycling, The company demonstrates a strong Strong governance practices and strategic E S G energy efficiency, and sustainable design commitment to workforce diversity and sustainability projects underscore our demonstrates strong commitment to
Slide 22: Financial Performance Highlights Q1 - 2025
Financial Performance Highlights Q1 - 2025
Slide 23: Profitability Indicators
Profitability Indicators The Group’s net profit for the 3 months of 2025 has soared in comparison to 2024 due to the gain recognized from the sale of a freehold interest in a land in Kuwait. 23
Slide 24: Profitability Indicators (Continued)
Profitability Indicators (Continued) The returns on equity have seen an increase in Q1-25 primarily due to the gain recognized from the sale of a freehold interest in a land in Kuwait after the reduction in the equity base to pay the 14 fils dividend to the shareholders of the Group. Furthermore, th
Slide 25: Performance Ratios - The Group
Performance Ratios - The Group The Group’s increase in the topline performance by KD 1mn is primarily driven by strong operational performance from hospitality segment y-o-y, while commercial real estate property was stable. The margins have declined due to increase in expenses. 25
Slide 26: Appendix
Appendix abanee
Slide 27: Consolidated Statement of Income
Consolidated Statement of Income 27
Slide 28: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 28
Slide 29: Q&As
Q&As 29
Slide 30: Thank You
Thank You MABANEE COMPANY K.P.S.C P.O. Box 5132 Safat l 13052 Kuwait +965 222 444 29 investorsrelations@mabanee.com www.mabanee.com Mabanee Company @mabaneeco MABANEE MABK.KW MABANEE.KW MABANEE KK