Slide 1: Investor Relations Q1 2025
INVESTOR RELATIONS ENHANCING LIVES, ENHANCING VALUE rakproperties.ae Q1 2025
Slide 2: Disclaimer
DISCLAIMER This presentation is intended for information purposes only and does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase securities of any kind and neither this document nor anything contained herein sh
Slide 3: Content
CONTENT - RAK Properties Performance & Track Record - Key Financials - Operational Highlights - Sustainability - Outlook - 2025 3
Slide 4: Vision, Mission & Goals
VISION, MISSION & GOALS Vision To be a global real estate company that creates sustainable lifestyle developments where people aspire to live, work, and enjoy, generating long-term value. Mission Goals RAK Properties is committed to leading and Supporting and promoting the developing Ras Al Khaimah’
Slide 5: RAK Properties Brand Values
RAK PROPERTIES BRAND VALUES RESPONSIBLE COMMUNITY VALUE DRIVEN SUSTAINABILITY EXCELLENCE & ACCOUNTABLE CENTRIC We are guided by integrity, We aim to foster environments Our ethos is anchored in adding Sustainability is the cornerstone We are relentlessly committed respect, and transparency in all in
Slide 6: Core Business Segments & Landbank
CORE BUSINESS SEGMENTS & LANDBANK Key Land bank Approximately 44 million sq. ft. land bank in Mina, RAK Additional c. 2 million sq. ft. in Marjan Beach District, RAK. Asset Management Approximately 1 million sq. ft. Gross Leasable Area. Hospitality Partnerships 525 keys in operation, c. 305 keys in
Slide 7: RAK Properties Diversified Business Model
RAK PROPERTIES DIVERSIFIED BUSINESS MODEL Our Business Model Business Segments* As a leading master developer, our core strategy revolves around transforming prime land into luxurious properties that offer an unparalleled Residential Asset lifestyle. We also generate revenue from leasing Hospitality
Slide 8: 2025 Performance Outlook
2025 PERFORMANCE OUTLOOK A strong performance in the first quarter of 2025 saw RAK Properties achieve substantial year-over-year growth across key financial metrics. Revenue climbed by 28% to AED 370 million, EBITDA rose by 35% to AED 107 million, and Profit After Tax surged by an impressive 64% to
Slide 9: Mina Master Development in Ras Al Khaimah
BERMUDA GATEWAY I GRANADA EDGE MIRASOL CAPE RAHA ISLAND HAYAT NIKKI BEACH ANANTARA RESORT & ANANTARA QUATTRO VILLAS SPA APARTMENTS DEL MAR LAGOONS PORTO BAYVIEWS PLAYA MARBELLA VILLAS MALIBU INTERCONTIENTAL GATEWAY II RESORT HAYAT ISLAND BAY RESIDENCES FLAMINGO VILLAS ANANTARA RESORT Mina Master Dev
Slide 10: Hayat Island (within Mina, RAK)
INTERCONTINENTAL RAS AL KHAIMAH ANANTARA PORTO RESORT & SPA APARTMENTS PLAYA CAPE NB HAYAT BAY RESIDENCES NIKKI BEACH COLLECTION AND NASIM LOFTS RESORT & SPA MARBELLA II VILLAS GATEWAY II BAY VIEWS RESIDENCES ANANTARA ` VILLAS QUATTRO DEL MAR ` Hayat Island (within Mina, RAK) Residential, Commercial
Slide 11: RAK Properties at a Glance
RAK PROPERTIES AT A GLANCE 2005 2006 2010 2011 2012 2017 RAK Properties was established Mina was prepared Granada Villas Community Malibu Villa community in Delivered 808 Apartments in Raha Island development begins in for development in Mina delivered Mina delivered Mina Mina The IPO was oversubscr
Slide 12: RAK Properties Awards
RAK PROPERTIES AWARDS 2023 2023 2024 2024 Bay Views CEO Middle Quattro Anantara East Awards Del Mar Resorts & Spa Best Residential Project Sameh Muhtadi won in Best mixed-use project at Leading New Hotel at the Annual Design the CEO Middle East the Pillars of Real Estate Award at this year’s Middle
Slide 13: Strategy for Growth
STRATEGY FOR GROWTH Deploy Raha Island land to Masterplan-led development Increase recurring revenues fuel future development with timely delivery of through retail and hospitality projects and continue to mixed-use communities offerings acquire new landbank Form strategic partnerships Ensure pruden
Slide 14: Financials at a Glance
FINANCIALS AT A GLANCE A Trusted Name in Ras Al Khaimah’s Real Estate 35% INCREASE IN 28% INCREASE IN 839 Mn IN SALES 1.34 EBITDA REVENUE VALUE SHARE PRICE Q1 2025 VS Q1 2024 Q1 2025 VS Q1 2024 Q1 2025 As on 31 March 25 14 14
Slide 15: Segmental Performance
SEGMENTAL PERFORMANCE Q1 2025 Completed Construction Planning GDV (AED Mn) 3,330 3,141 1,434 No. Of Units 3,265 3,034 725 Around 1 Million Sq.ft. GLA C. AED 8,152 Mn in Total Assets in Q1 2025 as of 31 Mar 2025 11% 17% 28% 50% 61% 33% Commercial Retail Residential Property Sales Hotel Operations Pro
Slide 16: A New Strategic Track Record
A NEW STRATEGIC TRACK RECORD Revenues in AED Mns Substantial investments in residential and An outstanding sales track record for hospitality projects, the successful numerous residential projects, completion of key developments, and a including Cape Hayat, Marbella II, strong financial foundation g
Slide 17: Q1 2025 Revenue Grew by 28% Y-o-Y
EXPANSION OF REVENUE STREAMS BEYOND RESIDENTIAL PROPERTIES Revenue By Segment in AED Mns Q1 2025 1200 1000 REVENUE 800 1146 GREW BY 600 831 400 28% Y-o-Y 460 280 61 298 200 58 57 200 116 18 56 71 55 0 0 2021 2022 2023 2024 Q1 2 025 Hospitality Asset Management Residential Pr operty S ale RAK Propert
Slide 18: YTD 2025 Announcement Highlights
YTD 2025 ANNOUNCEMENT HIGHLIGHTS MINA MIRASOL ANANTARA FOUR SKAI ENTA MASTERPLAN SALES BRANDED SEASONS LAUNCH & HIVE UNVEILING LAUNCH RESIDENCES Approved masterplan revealed Resort inspired living on Raha New luxury hospitality Premium apartments on Raha Hayat Island A place for people who want to b
Slide 19: Solid Balance Sheet Records
SOLID BALANCE SHEET RECORDS Debt Maturity Profile* in AED Mns In AED Mns 2024 Q1 2025 350 323 Debt 1,262 1,192 300 Cash 463 458 250 Net Debt 799 735 Total Equity 5,527 5,587 200 163 128 138 Total Assets 8,012 8,152 150 118 100 2024 Q1 2025 50 Net Debt/Equity 14.5% 13.2% 0 Debt/Total 15.8% 14.7% 2025
Slide 20: Total Liabilities
TOTAL LIABILITIES LIABILITIES in AED Mns 3% 2600 2565 2550 2485 2500 2450 2400 2350 2300 2024 2025 RAK Properties is adequately funded through sufficient advance collections and credit facilities 20
Slide 21: Net Profit Before Tax Up by 64% YoY
NET PROFIT BEFORE TAX UP BY 64% YoY GROSS PROFIT in AED MNs NET PROFIT BEFORE TAX in AED MNs 350 308 300 250 202 202 600 543 200 500 150 74 100 31 50 400 365 0 2021 2022 2023 2024 Q1 2 025 300 EBITDA in AED MNs 195 400 376 200 141 147 350 264 300 221 250 100 200 150 94 107 100 0 50 2021 2022 2023 20
Slide 22: Income Statement
INCOME STATEMENT FY FY FY FY Q1 Q1 2021 2022 2023 2024 2024 2025 Revenue (AED M) 515.6 408.2 1004.9 1406.3 289.8 370.3 2025 Gross Profit (AED M) 194.9 140.5 365.2 542.9 112.7 146.6 GROSS EBITDA (AED M) 220.7 94.2 264.2 375.9 78.9 106.9 PROFIT Net Profit Before Tax 201.5 30.8 201.8 308.2 45.5 74.4 IN
Slide 23: Share Information
SHARE INFORMATION 2021 2022 2023 2024 Q1 2025 Market Cap (AED Mns) 1,540 1,360 2,280 3,420 4,020 Share Price (AED/Share) 0.77 0.68 1.14 1.14 1.34 Eps (AED/Share) 0.10 0.015 0.101 0.111 0.023 4,5 00 1.6 1.34 4,000 1.4 3,500 1.14 1.14 1.2 3,000 1 2,500 0.77 0.68 0.8 2,000 4,020 3,420 0.6 1,500 1,000 2
Slide 24: Financials by Business Segment
FINANCIALS BY BUSINESS SEGMENT Contribution From Recurring Businesses Q1 2025 Revenue: 20% | Gross profit: 29% Revenue Share Gross Profit Share 16% 15% 24% 23% 5% 5% Q1 2024 Q1 2025 Q1 2024 5% Q1 2025 6% 71% 71% 79% 80.4% 82.1% 80% Property Sales Hospitality Asset Management 24
Slide 25: Robust Hospitality Performance
ROBUST HOSPITALITY PERFORMANCE INTERCONTINENTAL ANANTARA HOSPITALITY Q1 2024 Q1 2025 Q1 2024 Q1 2025 Number of Keys 351 351 174 174 Average Daily Rate (ADR, AED) 816 840 1,864 1,399 Occupancy Rate (%) 67% 62% 35% 72% Revenue per available room (RevPar) (AED) 544 523 650 1,002 Room Revenue (AED Mn) 1
Slide 26: Projects Under Development
PROJECTS UNDER DEVELOPMENT As of 31 March 2025 NET SALES REVENUE PROJECT LOCATION LAUNCH YEAR UNITS LAUNCHED UNITS SOLD % SOLD % COMPLETE (AED M) BACKLOG Gateway 2 Mina 2023 146 143 162 0 98% 100% Bayviews Mina 2023 344 344 421 197 100% 53% Bay Residence Phase 1 Mina 2023 324 323 363 3 99% 99% Bay R
Slide 27: Our Destinations
OUR DESTINATIONS MINA BEACH DISTRICT Primary Destination Landbank Land bank acquired in consideration of RAK Government 4,071,957 sqm land area increase in stake to 34% c.185,757 sqm land area 27
Slide 28: Investment Proposition
INVESTMENT PROPOSITION Track Economic Quality Financial Strong New Land Prudent Record Backdrop Portfolio Performance Management Acquisitions Management Almost 20 years of RAK’s long term Covering Q3 2024 results Highly experienced New land Prudent creating growth prospects as residential, show stab
Slide 29: ESG - A Pillar of Our Vision & Mission
ESG - A PILLAR OF OUR VISION & MISSION Environmental Social Governance Commitment Responsibility Excellence We are dedicated to integrating We focus on improving the well- Our robust governance framework sustainable practices across all being of all stakeholders, including ensures accountability thr
Slide 30: Corporate Sustainability Assessment
Corporate Sustainability Assessment The Corporate Sustainability Assessment (CSA) is an ESG-focused questionnaire administered annually by S&P Global. The CSA is designed to evaluate the sustainability performance of companies worldwide, measuring their management of material ESG risks, opportunitie
Slide 31: Strengthening Our Environmental Sustainability Efforts
STRENGTHENING OUR ENVIRONMENTAL SUSTAINABILITY EFFORTS Energy Efficiency Water Consumption Waste Management Key initiatives to reduce carbon footprint Key measures to optimise water use: Key efforts include the recycling of non-hazardous waste. • Energy Audits • Water fixture retrofits- waterless •
Slide 32: Discovery Center: A Closer Look
DISCOVERY CENTER: A CLOSER LOOK The Mina Discovery Center is a community hub dedicated to environmental education and preservation. Located in Mina, it focuses on teaching residents, especially schoolchildren, the importance of mangrove ecosystems and local wildlife. This initiative goes beyond trad
Slide 33: Advancing Our Social Responsibility
Advancing Our Social Responsibility Our People - The Cornerstone Of Our Success Diversity & Inclusion Health & Safety RAK Properties cultivates an inclusive work environment. • Commitment to Occupational Health and Safety, evidenced by our ISO 45001:2018 certification. • 239 employees: 29% female, 7
Slide 34: Commitment to Governance Principles & Best Practices
RAK PROPERTIES’ COMMITMENT TO GOVERNANCE PRINCIPLES & BEST PRACTICES Ensuring Robust Upholding Key Business Risk Management Ethical Standards Policies Oversight by the Auditing Committee Our Ethics and Compliance Whistleblowing Policy of Ethics and Compliance & policies guide responsible Anti-Money
Slide 35: Market Outlook
Market Outlook 35
Slide 36: RAK Is the 4th Largest Emirate in Terms of Land Mass
RAK IS THE 4th LARGEST EMIRATE IN TERMS OF LAND MASS • A well-connected emirate, Ras Al Khaimah benefits from connectivity to all major destinations across Europe, Asia, and the Middle East through various airports in the UAE. • With an estimated population of 0.4 million and a GDP of approximately
Slide 37: Positive Macroeconomic Drivers
POSITIVE MACROECONOMIC DRIVERS Fitch Ratings Upgraded Rak’s Issuer Default Ratings (Idrs) To A+ Amid Expectations Of Stronger Growth And Fiscal Management Substantial government support A history of fiscal surpluses Improving Macroeconomic Management Expected increase in public revenue Strong fiscal
Slide 38: Customer Breakdown by Nationality
CUSTOMER BREAKDOWN BY NATIONALITY RAK Properties UAE 22% enjoys a diverse OTHER 26% buyer base with customers drawn from 121 countries. FRANCE INDIA 1% 9% ITALY 2% ISRAEL 2% GERMANY 2% SYRIA 2% UK 7% PAKISTAN 2% USA 3% CANADA RUSSIA & CIS 3% JORDAN 7% 3% EGYPT LEBANON 3% 6%
Slide 39: Why Invest in Ras Al Khaimah
Why Invest In Ras Al Khaimah 100% Foreign Ownership, 0-9% Corporate Tax, and Long-Term Residency Through Investment are just some of the reasons why investing in Ras Al Khaimah is so attractive Political And Geographic Favourable Modern Economic Stability Advantages Business Environment Infrastructu
Slide 40: Appendix
APPENDIX 40
Slide 41: Mina Project Map
0 1 . GRA N A D A I V I L L A S 0 8. ANANTARA RESORT AND SPA 1 5. BA Y RE S I D E N CE S 22. BRA N D E D V I L L A S 0 2. GRA N A D A II V I L L A S 0 9 . MARBELLA I VILLAS 16 BA Y V I E W S 23. BE RM U D A V I L L A S 0 3. L AGO O N M A RI N A 1 0 . M A RBE L L A I I V I L L A S 1 7. CA PE HA Y A T
Slide 42: Hayat Island
BAY INTECONTIENTAL BAYVIEWS MARBELLA RESIDENCES RESORT VILLAS GATEWAY II CAPE PORTO HAYAT PLAYA NB COLLECTION NIKKI BEACH QUATTRO RESORT & SPA DEL MAR ANANTARA ANANTARA VILLAS APARTMENTS Hayat Island Residential, Commercial, and Hospitality 42
Slide 43: Hayat Island Projects
HAYAT ISLAND PROJECT TYPE UNITS NB Collection Villas 11 Units Anantara Villas Villas 19 Units Anantara Apartments Apartments 84 units Quattro Del Mar Apartments 888 Units Cape Hayat Apartments 678 Units Porto Playa Apartments 269 Units Bay Views Apartments 344 Units Bay Residences Apartments 661 Uni
Slide 44: Raha Island
BERMUDA VILLAS GATEWAY I MIRASOL EDGE SKAI Raha Island Residentials 44
Slide 45: Raha Island Projects
RAHA ISLAND PROJECT TYPE UNITS Bermuda Villas/Townhouses 157 Units Gateway I Residences Apartments 144 Units Edge Apartments 237 units Mirasol Apartments 339 Units SKAI Apartments 272 Units 45
Slide 46: Lagoons
ANANTARA RESORT MALIBU FLAMINGO VILLAS GRANADA LAGOON MARINA RETAIL PLAZA Lagoons Residential, Commercial, and Hospitality 46
Slide 47: Lagoons Projects
LAGOONS PROJECT TYPE UNITS Granada I Villas/Townhouses 93 Units Malibu Villas Villas/Townhouses 213 Units Flamingo Villas Villas/Townhouses 192 Units Anantara Resort Hotel 174 Keys Lagoon Walk 20 Towers 800 Units Granada II Villas 80 Units 47
Slide 48: Others
OTHERS PROJECT TYPE UNITS Julphar Tower (Ras Al Khaimah) Apartment/Offices/Retail 884 Units RAK Tower (Abu Dhabi ) Apartments 212 Units Julphar Residence (Abu Dhabi) Apartments 266 Units 48
Slide 49: Enhancing Lives & Places
ENHANCING LIVES & PLACES rakproperties.ae