Al Dar Properties · ADX:ALDAR
Al Dar Properties — FY2020 Earnings Presentation
32 slides from Al Dar Properties's earnings presentation, Feb 15, 2021
Slide 1: Full Year Results Presentation
Full Year Results Presentation Year Ended 31 December 2020 February 15, 2021
Slide 2: Disclaimer
DISCLAIMER This disclaimer governs the use of this presentation. You must not rely on the information in the presentations and alternatively we recommend you seek advice from an appropriately qualified professional. If you have any specific questions about any matter in this presentation you should
Slide 3: Agenda
AGENDA 01 FY2020 Results Summary 02 Development Highlights – FY2020 03 Investment Highlights – FY2020 04 Appendix
Slide 4: FY2020 Results Summary
FY2020 RESULTS SUMMARY The W Hotel, Yas Island
Slide 5: FY2020 Operational Highlights
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix FY2020 OPERATIONAL HIGHLIGHTS Corporate Aldar Development Aldar Investment New group operating model1,2 Development activity – Construction Diversification – Stability in commercial and activities progress
Slide 6: Aldar – New Group Operating Model
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix ALDAR – NEW GROUP OPERATING MODEL New Group operating model to drive the next phase of growth, focussing on enhancing the customer experience, digital transformation, operational efficiency and sustainabilit
Slide 7: FY2020 Financial Results in Summary
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix FY2020 FINANCIAL RESULTS IN SUMMARY Strong financial performance Record year for Development Commitment to shareholder returns Revenue up 17% to AED 8.4bn Revenue up 60% to AED 5.0bn FY20 dividend mainta
Slide 8: Commitment to Shareholders
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix COMMITMENT TO SHAREHOLDERS Aldar maintains dividend at 14.5 fils per share… ...supported by established and transparent dividend policy (In fils) 14.0 14.5 14.5 Investment Development 15.0 12.0 11.0 10.0 Payou
Slide 9: Balance Sheet
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix BALANCE SHEET Robust balance sheet position… ...supported by prudent capital management and governance (AEDm) 31 Dec 2020 31 Dec 2019 Investment Development Assets Property, plant and equipment (PPE) 2,962 3,5
Slide 10: Key Events / Announcements in 2020 (1/2)
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix KEY EVENTS / ANNOUNCEMENTS IN 2020 (1/2) Dec 2020 AED 963m1 sale of Saadiyat Island cooling assets to Tabreed and AED 180m sale of Abu Dhabi golf Complex and Westin hotel Assets acquired as part of TDIC portfo
Slide 11: Key Events / Announcements in 2020 (2/2)
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix KEY EVENTS / ANNOUNCEMENTS IN 2020 (2/2) Oct 2020 Signed MoU with ADQ in relation to a framework agreement to manage key public housing and associated community infrastructure projects Initial program of capit
Slide 12: Key Sustainability Updates
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix KEY SUSTAINABILITY UPDATES Top-rated real estate company in the UAE across ADX and DFM (ESG Invest) as of year end 2020 Development of the first comprehensive Group-level sustainability strategy and launch
Slide 13: Key Messages / Strategic Priorities
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix KEY MESSAGES / STRATEGIC PRIORITIES… Corporate Development Investment Sustainability and innovation led approach Aldar Development Aldar Investment1 to implementing Aldar’s Group strategy Maintain market dom
Slide 14: Development Highlights – FY20 Results
The Grove, Saadiyat Island DEVELOPMENT HIGHLIGHTS – FY20 RESULTS
Slide 15: Development Highlights – FY2020
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix DEVELOPMENT HIGHLIGHTS – FY2020 AED bn FY2020 FY2019 Variance 1 Sales 1 Development sales 3.63 3.95 (8%) Strong inventory sales and successful project launch of Noya 2 Development revenue 4.96 3.10 +60% T
Slide 16: Development Management Update
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix DEVELOPMENT MANAGEMENT UPDATE Aldar will manage total third-party development projects worth AED 45bn, following transfer of AED 40bn projects (Modon and Musanada) in Q1 2021 Third-party development manage
Slide 17: Aldar / Govt. of Abu Dhabi Framework Agreement
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix ALDAR / GOVT. OF ABU DHABI FRAMEWORK AGREEMENT Appointment of Aldar on an exclusive basis as the strategic delivery partner for the Government of Abu Dhabi on key public housing and associated community infr
Slide 18: Investment Highlights – FY20 Results
The Gate and ARC Towers INVESTMENT HIGHLIGHTS – FY20 RESULTS
Slide 19: Investment – FY2020 Summary
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix INVESTMENT – FY2020 SUMMARY AED bn FY2020 FY2019 Variance 1 Recurring revenue2 3.01 3.38 (11%) 1 Recurring revenue Investment properties1 1.64 1.73 (5%) Lfl income drop of c. 6% across investment properties
Slide 20: Investment – NOI Bridge
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix INVESTMENT – NOI BRIDGE1,2 1,691 -16 4 -74 +15 1,566 181 -90 +39 126 220 36 Key drivers 408 Education profit LfL rates down c.5% LfL rates down c.14%3 LfL rates down c.2% LfL rates down growth of 25% 423 Occup
Slide 21: Investment Properties Overview
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix INVESTMENT PROPERTIES OVERVIEW Retail Residential Commercial Hospitality No. of properties 34 12 15 20 Leasable area (sqm) 486,568 822,683 318,074 392,646 Portfolio occ. 83% 89% 92% 46% WAULT (years) 2.9 5.5 3
Slide 22: Key Adjacent Businesses Overview
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix KEY ADJACENT BUSINESSES OVERVIEW Aldar owns several strategic businesses that work alongside / support the broader offering of Aldar’s two core businesses, Investment and Development The high growth Adjace
Slide 23: Appendix
Replace with photo APPENDIX Al Muneera, Al Raha Beach
Slide 24: Segmental Breakdown – Q4 2020 vs. Q4 2019 & Q3 2020
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix SEGMENTAL BREAKDOWN – Q4 2020 vs. Q4 2019 & Q3 2020 Q4 2020 revenue of AED 2.4bn (Q4 2019: AED 2.0bn, Q3 2020: 2.0bn)1 1,071 914 785 528 422 439 417 377 229 262 256 243 258 160 78 Investment Properties Hospita
Slide 25: Segmental Breakdown – FY2020 vs. FY2019
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix SEGMENTAL BREAKDOWN – FY2020 vs. FY2019 2020 revenue of AED 8.0bn (2019: AED 6.5bn)1 3,700 2,731 1,639 1,728 1,262 950 955 698 418 365 Investment Properties Hospitality & Leisure Adjacent Businesses 1 Developm
Slide 26: Aldar / Govt. of Abu Dhabi Framework Agreement
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix ALDAR / GOVT. OF ABU DHABI FRAMEWORK AGREEMENT Modon projects summary / locations1 Projects Summary Locations Development management of AED 30bn of social infrastructure projects including Riyadh City, Ban
Slide 27: Development Pipeline Summary
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix DEVELOPMENT PIPELINE SUMMARY Total as at 31 Dec 20 Project Location Launch date Sold units Net Sales value Units launched % sold % completion Expected completion Highlights (AEDm) Ansam Yas Island 2014 547 959
Slide 28: UAE Policy Reforms and Energy Strategy
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix UAE POLICY REFORMS AND ENERGY STRATEGY Federal announcements Energy industry plans Rollout of a major vaccination campaign with the aim of ensuring ADNOC will continue to deliver on its 2030 strategy, incl
Slide 29: COVID-19 Stimulus
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix COVID-19 STIMULUS Federal Government initiatives Abu Dhabi Government initiatives The UAE government has taken significant steps to address the complex public health Abu Dhabi Executive Council has launched 17
Slide 30: Refreshed Sustainability Framework
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix REFRESHED SUSTAINABILITY FRAMEWORK Our Mission Our Vision Place our customers first by embedding sustainability, Become a leading regional real estate developer and quality, technology and innovation in everyt
Slide 31: Contact Us
01. FY20 Results Summary 02. Development Highlights 03. Investment Highlights 04. Appendix CONTACT US For any further enquires please contact: Samar Khan Head of Investor Relations Tel: +971 (0)2 810 5624 Email: skhan@aldar.com Mohamed ALmaazmi Investor Relations Tel: +971 (0)2 810 5866 Email: malma
Slide 32: Aldar.com
ALDAR.COM