Umm Al Qura For Development And Construction Company · TADAWUL:4325
Umm Al Qura For Development And Construction — Q1 2025 Earnings Presentation
27 slides from Umm Al Qura For Development And Construction's earnings presentation, 2025
Slide 1: Umm Al Qura for Development and Construction Company Q1 2025
Umm Al Qura for Development and Construction Company Q1 2025 earnings presentation 1
Slide 2: Disclaimer
Disclaimer By reading this earning release, you recognize and agree to be bound by the following limitations :- This earning release has been prepared for information and background purposes only. It does not constitute or form part of, and should not be construed as, an offer of, a solicitation of
Slide 3: Agenda
Agenda 1 Highlights 2 MASAR 3 Market Opportunity 4 Financial Review 5 Appendix 3
Slide 4: Q1 2025 highlights
Q1 2025 highlights Revenue Operating Profit 502.0 MN 175.8 MN Vs Q1 2024 172 % Vs Q1 2024 722% Net Profit 49 Cumulative 159.7 MN number of plots Vs Q1 2024 3,223 % executed Source: Quarterly management accounts and Company Information 4
Slide 5: Agenda
Agenda 1 Highlights 2 MASAR 3 Market Opportunity 4 Financial Review 5 Appendix 5
Slide 6: MASAR
MASAR Strategic location leading to the Holy Mosque with massive catchment opportunities from the peripheral areas of the city 1.25 Mn sqm 550 Meters 641K 205 Distance to west of Holy Investment plots Site area Investment plot area Mosque Direct access main road Parallel to Prince Mohammad Strategic
Slide 7: Development of a holistic destination with an unparalleled breadth of offerings
Development of a holistic destination with an unparalleled breadth of offerings consisting of synergistic components Hospitality Serviced apartments Residential Retail Healthcare / other 3 2 1 Zone 3 Zone 2 Zone 1 Serviced Apartment Hospitality Residential Retail Other Planned phasing 55-65 50-60 60
Slide 8: MASAR Destination
Umm Al Qura has positioned MASAR as a premier investment platform in Makkah Vision To create a world class destination in the spiritual heart of Saudi Arabia and the Muslim world, offering unparalleled experiences whilst preserving the spiritual nature and authentic culture of Makkah Strategy Umm Al
Slide 9: The master developer model provides an attractive balance of flexibility, risk/return
The master developer model provides Umm Al Qura with an attractive balance of flexibility, risk/return and private sector involvement Master developer Umm Al Qura will develop the core infrastructure required for MASAR Destination partnering with sub-developers for the development of specific plots/
Slide 10: Strategic objectives underpinned by operational excellence and disciplined execution
Strategic objectives underpinned by operational excellence and disciplined execution 1 2 3 Development Financial Corporate Start-up risks mitigated Secured funding Business model validated Acquiring of the project lands (100% Raised circa.15.0 Bn in capital between Buy-ins from industry expert
Slide 11: Agenda
Agenda 1 Highlights 2 MASAR 3 Market opportunity 4 Financial Review 5 Appendix 11
Slide 12: Tourism is a key focus of Vision 2030
Tourism is a key focus of Vision 2030 Makkah is at the heart of the tourism transformation with the Pilgrim Experience and Quality of Life programs promoting investment in infrastructure KSA Tourism Aspirations Raise the contribution of the tourism Provide one million additional job Attracting visit
Slide 13: Makkah stands to gain significantly from KSA's transformation
Makkah stands to gain significantly from KSA’s transformation KSA Provincial Tourism Trips by Destination Makkah Number of Visitors Tourist Spending in KSA by Segment ( Billions) (Millions; 2024-H1) Inbound Visitor Spend Domestic Visitor Spend Total 41.0 41.9 42.8 Domestic Tourists Inbound Tourists
Slide 14: Makkah hospitality offering is poised for growth and upgrade
Makkah hospitality offering is poised for growth and upgrade Demand-Supply Analysis Average Length of Stay (Number of Nights) Brand Penetration (no of keys) – Q2 2024 15.6k 13.9k 14.2k Inbound Domestic 12.4k Quality 9.9k 22.6 Serviced 20% 80% 8.1k 8.6k Apartments 17.7 17.8 3-Stars 9% 14% 76% 14.9 14
Slide 15: The residential market in Makkah benefits from favorable demographics
The residential market in Makkah benefits from favorable demographics and behavioural trends MASAR is strategically situated in central Makkah, providing diverse residential options while also addressing the demand for affordable housing in the eastern section of the master plan, thereby enhancing i
Slide 16: Makkah's retail landscape is transforming
Makkah’s retail landscape is transforming driven by growth and concept innovation Existing Supply – organized retail Demand – supply analysis 390.2K sqm Makkah Mall 37.5k Total GLA 215 237 Residential and Visitor malls JO (Makkah Gate) 35.8k 124 54 65 102 87 Abraj al Bait 30.0k 898 Abraj Al Safwa 28
Slide 17: Agenda
Agenda 1 Highlights 2 MASAR 3 Market Opportunity 4 Financial Review 5 Appendix 17
Slide 18: Strong top line y-o-y revenue growth
Strong top line y-o-y revenue growth Financial Performance ( Mn) Revenue ( millions) Net profit and margin ( millions) 32% 32% 1,824 499 27% 317 988 160 502 3% 429 (22) 184 5 -5.1% 2022 2023 2024 Q1 2024 Q1 2025 2022 2023 2024 Q1 2024 Q1 2025 Revenue Net profit Net profit margin % • Revenue and net
Slide 19: Operating profit increased by 154.4m (722%) y-o-y
Operating profit increased by 154.4m (722%) y-o-y Financial Performance ( Mn) Operating profit and margin ( millions) Operating expenses breakdown ( millions) 558 345 41% 4 35% 281 2 405 31% 206 - 198 176 64 80 12% 60 0 219 1 161 46 80 21 60 44 6 45 33 1.4% 15 - - 2022 2023 2024 Q1 2024 Q1 2025 2022
Slide 20: Leverage indicators improving with a healthy payment schedule
Leverage indicators improving with a healthy payment schedule Total debt as at 31 Mar 2025 ( Mn) Debt repayment profile at 31 Mar 2024 ( Mn) 3,265 3,127 9,991 8,884 8,634 7,089 1,446 1,046 Dec22A Dec23A Dec24A Mar25A Due in next 2 years 3-5 years 6-7 years After 7 years • On 27 March 2025 Umm al Qur
Slide 21: Healthy financial position enabling a resilient business model
Healthy financial position enabling a resilient business model Assets ( Mn) Total assets Investment properties Cash and cash equivalents 20,749 20,693 922 25,909 20,620 1.9 Bn raised from IPO 25,060 539 513 506 23,213 20,208 22,645 Investment properties increase of 540.8 Mn as a result of capital wo
Slide 22: Umm Al Qura: An attractive investment anchored by a low-risk and resilient business model
Umm Al Qura: An attractive investment anchored by a low-risk and resilient business model leveraging the unique Makkah market » MASAR Destination is poised to be Makkah’s gateway location addressing Makkah’s mobility and infrastructure challenges » Holistic and unparalleled breadth of offerings with
Slide 23: Agenda
Agenda 1 Highlights 2 MASAR 3 Market Opportunity 4 Financial Review 5 Appendix 23
Slide 24: Income Statement
Income Statement Income Statement ( million) Q1-2025 Q1-2024 y-o-y % change Revenue 502.0 184.4 172% Cost of revenue (270.6) (111.9) 142% Gross profit 231.4 72.5 219% Gross profit margin 46.1% 39.3% 6.8bps Other operating income 24.5 9.4 162% Other operating expenses - - 0% General and administratio
Slide 25: Balance Sheet (1/2)
Balance Sheet (1/2) Balance sheet ( million) March 2025 December 2024 change % Investment properties 20,749 20,208 3% Development properties 207 203 2% Property and equipment 566 539 5% Trade receivables 1,119 1,137 -2% Right-of-use assets 10 11 -5% Intangible assets 8 9 -8% Investment in associate
Slide 26: Balance Sheet (2/2)
Balance Sheet (2/2) Balance sheet ( million) March 2025 December 2024 change % Loans 8,548 9,840 -13% Lease liabilities 7 9 -27% Employees’ benefits 24 23 4% Retention payables 149 142 5% Non-current liabilities 8,728 10,015 -13% Loans 337 150 124% Lease liabilities 3 3 0% Land compensation payable
Slide 27: Thank You
Thank You 27
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