Saudi Real Estate Co. · TADAWUL:4020
Saudi Real Estate — FY2024 Earnings Presentation
45 slides from Saudi Real Estate's earnings presentation, 2025
Slide 1: Al Akaria Q4 & FY 2024 Earnings Presentation
Al Akaria Q4 &FY 2024 Earnings Presentation
Slide 2: Content
CONTENT About Alakaria & its strategy 01 Financial performance Overview 02 Projects Overview 03 Appendix 04 2
Slide 3: About AlAkaria & its strategy
About AlAkaria & its strategy
Slide 4: Al-Akaria Strategy Roadmap
Al-AKARIA Strategy Roadmap Corporate Al Akaria’s Ultimate Goal is to maximize shareholder returns, diversify earnings, and achieve a Portfolio balanced and healthy capital structure. These strategic objectives are supported by clear 2027 targets: Subsidiaries substantially will contribute to a reven
Slide 5: Business Model Overview - What, How, and Where?
Business Model Overview - What, How, and Where? Al Akaria is a real estate developer leader in the market to be the “BEST” not the “BIGGEST”. Our geographical coverage Revenue Stream • Riyadh, Jeddah • IncomesGeneratingAssets(IGA) • PIF’s mega/gigaprojects • Subsidiarybusinesses • (Future) Inthe 5 m
Slide 6: About Al Akaria - Land Bank Locations
About Al Akaria - Land Bank Locations* Strategic landbank portfolio comprising 24 landholdings covering a total land of 19.67m** sqm Total Land Area** No. of Land 19.67m Sqm 21 2 Lands 3 Lands Size 57.2% Size 1.3% MV 15.3% MV 1.5% Market Value (MV) Carrying Value SAR 12.4B SAR 3.0B 16 Lands Size 41.
Slide 7: About Al Akaria – 2024 Revenue Streams
About Al Akaria –2024 Revenue Streams Diversified revenue streams, between rental, sales and subsidiaries activities 17% SAR 1,988 M 28% 55% Rental Revenue Sales Revenue Subsidiaries
Slide 8: About Al Akaria – Rental Revenue
About Al Akaria– Rental Revenue Stable revenues from a balanced combination of commercial and residential rental properties Commercial (247k Sqm) Residential (1,816 units) AL Akaria 1 Akaria Plaza Olaya Oasis Diplomatic Quarter 1 • Office GLA 10,160 sqm 0% • Office GLA 71,590 sqm 100% • Total Apartm
Slide 9: About Al Akaria – Developed Projects Sales Revenue
About Al Akaria– Developed Projects Sales Revenue Two projects to fuel 2024 sales revenue: Fai Sedra-1 and Al-Akaria Park Recognized vs Unrecognized Revenue 24% SAR 1.95 Bn 76% Recognized Unrecognized *As of December 2024
Slide 10: About Al Akaria – Subsidiaries
About Al Akaria – Subsidiaries Al Akaria and its subsidiaries cover the entire real estate value chain Value Chain Masterplan Property Infrastructure Construction Facilities developer developer Management Al Akaria Ownership 60% 100% 60%
Slide 11: Financial Performance
Financial Performance
Slide 12: Financial Performance – Summary
Financial Performance – Summary Overall improvement in profitability driven by higher revenues. 2024 Revenue 2024 Gross Profit 2024 Operating Income 2024 Total Net Income SARmn 1,988 SARmn 709 SARmn 481 SARmn 306 10% YoY 26% YoY 43% YoY 138% YoY 2024 ROAE 2024 Gross Profit Margin 2024 Operating Inco
Slide 13: Financial Performance – Revenue
Financial Performance – Revenue Revenue for 2024 rose by 10% YoY, driven by growth in both standalone and subsidiary revenues. Revenue Movement YoY ( SAR Mn) 10% 10% 61 1,988 677 744 112 1,814 428 382 434 280 272 296 238 404 270 464 132 113 195 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 + 14 % +6% Standalone Sub
Slide 14: Financial Performance – Gross Profit and Operating Income
Financial Performance – Gross Profit and Operating Income In 2024, Gross Profit Margin improved driven by Subsidiaries and Rental Properties. Gross Profit Trend (SAR Mn) Gross Profit Movement YoY ( SAR Mn) 26% 350 43% 43% 50% 300 102 709 40% 250 30% 33% 31% 38 8 200 30% 561 150 20% 100 10% 50 292 12
Slide 15: Financial Performance – Total Net Income
Financial Performance – Total Net Income Net profit in 2024 Increased by 138% due to an increase in Standalone and subsidiaries Net Profit. Total Net Income Movement YoY (SAR Mn) 250 30% 138% 25% 28% 200 25% 20% 306 150 14% 15% 100 6% 10% 73 4 50 72 3% 5% 29 170 24 62 207 129 12 - 0% Q4 23 Q1 24 Q2
Slide 16: Financial Performance – Liquidity & Leverage
Financial Performance –liquidity & leverage Alakaria has maintained healthy levels of liquidity and leverage in 2024 Working Capital ( SAR Mn ) Net Debt ( SAR Mn ) 3,535 1,346 1,384 905 2,442 2,226 1,947 2021 2022 2023 2024 (1,439) 2021 2022 2023 2024 Current Ratio Debt / Equity 1.31 2.55 2.18 2.20
Slide 17: Subsidiaries
Subsidiaries
Slide 18: Subsidiaries – Binyah
Subsidiaries – Binyah “ Binyah” Margins has improved in addition to the continues improvement in Revenues. Revenue ( SAR Mn) Gross Profit ( SAR Mn) Net Income ( SAR Mn) 213 974 245 896 182 141 532 129 92 400 100 77 216 40 25 53 19 8 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024 2019 20
Slide 19: Subsidiaries – Tamear
Subsidiaries – Tamear Newly awarded projects has improved “ TAMEAR “ Performance in 2024. Revenue ( SAR Mn) Gross Profit ( SAR Mn) Net Income ( SAR Mn) 1 209 18 184 15 2019 2020 2021 2022 2023 2024 8 (6) 152 (14) 91 2019 2020 2021 2022 2023 2024 (39) 71 (8) 27 (67) (33) (87) 2019 2020 2021 2022 2023
Slide 20: Subsidiaries – Mumtlakat
Subsidiaries – Mumtlakat Revenue ( SAR Mn) Gross Profit ( SAR Mn) Net Income ( SAR Mn) 128 29 14 100 25 91 91 23 23 11 71 74 6 2 7 6 2019 2020 2021 2022 2023 2024 (5) 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024 (13) 25% 25% 25% 22% 8% 10% 11% 11% 6% 2% 2019 2020 2021 2022 2023 2024 -
Slide 21: Projects overview
Projects overview
Slide 22: Projects Capex and source of funds
Projects Capex and source of funds Total Capex of SAR 7.96 bn with a funding mix of Equity, debt and IGF CAPEX Source of Funds 21.6% 18% 17% 52.1% SAR 7.96 Bn SAR 7.96 Bn 26.2% 26% 39% PUDs Projects under Planning Upcoming Projects Equity (In-Kind) Equity (Cash) Debt IGF
Slide 23: Projects Under Development (PUDs)
Projects Under Development (PUDs)
Slide 24: PUDs - Al-Akaria Park (Freehold) – Riyadh
PUDs - Al-Akaria Park (Freehold) – Riyadh Project Summary Alkaria Park Masterplan is located in East of Riyadh. featuring 2,926 villa plots, 33 apartment plots and 46 commercial plots. 1,764,855 Sqm 1,058,938 Sqm Land Area Gross Sellable Area Project Timeline Status 98% of the work for main infrastr
Slide 25: PUDs - Al-Reef Residential Community (Leasehold) – Riyadh
PUDs - Al-Reef Residential Community (Leasehold) – Riyadh Project Summary Al-Reef project is the first self-integrated residential community in the Diplomatic Quarter offering various housing solutions, including 64 villas and duplexes and 176 apartments supported with state-of-art communal faciliti
Slide 26: PUDs - Tilal Commercial Centre (Leasehold) - Riyadh
PUDs -Tilal Commercial Centre (Leasehold) - Riyadh Project Summary Flamingo Lifestyle Centre is an Outdoor Lifestyle Center features a Cluster of F&B, Retail shops & Wellness center: 9,509 sqm of GFA and office space occupying 8,935 sqm 21,561 Sqm 18,790 Sqm Land Area Gross Floor Area Project Timeli
Slide 27: PUDs - Fai Sedra (1) Residential Project - Riyadh
PUDs - Fai Sedra (1) Residential Project (Freehold) - Riyadh Project Summary Fai Sedra (1) is a residential scheme located within Sedra Masterplan Phase 1 offering 138 villa units with a design inspired by the Salmani Architecture 44,368 Sqm 54,708 Sqm Land Area Gross Floor Area Project Timeline Sta
Slide 28: PUDs - Porta Jeddah Mixed-use Destination – Jeddah
PUDs - Porta Jeddah Mixed-use Destination (Leasehold) – Jeddah Project Summary Porta Jeddah leisure & work destination will feature 238 keys lifestyle hotel & serviced apartments in addition to retail/ dinning/entertainment components with GFA of 29,494 sqm & Grade A office space occupying 26,339 sq
Slide 29: PUDs - Fai Sedra (2) Residential Project - Riyadh
PUDs - Fai Sedra (2) Residential Project (Freehold) - Riyadh Project Summary Fai Sedra (2) is a residential scheme located within Sedra Masterplan Phase 2 offering 310 villa units with a design inspired by the Salmani Architecture 92,450 Sqm 105,791 Sqm Land Area Gross Floor Area Project Timeline St
Slide 30: PUPs - Narjes Business Park (Leasehold) - Riyadh
PUPs - Narjes Business Park (Leasehold) - Riyadh Project Summary Narjes business park will feature low-rise office buildings with GFA of 39,538 sqm and a cluster of F&B and retail shops offering 5,161 sqm of GFA 40,000 Sqm 44,699 Sqm Land Area Gross Floor Area Project Timeline Status 2024 2027 Detai
Slide 31: Projects Under Planning (PUPs)
Projects Under Planning (PUPs)
Slide 32: PUPs - L'Avenir Mixed-use Destination – Riyadh
PUPs - L'Avenir Mixed-use Destination (Leasehold) – Riyadh Project Summary L’Avenir is a leisure and work destination that will feature lifestyle hotel offering 280 keys in addition to retail/ dinning/ entertainment with GFA of 10,544 sqm and co-working space occupying 1,768 sqm 25,500 Sqm 34,778 Sq
Slide 33: PUPs - Vyda Residential Project Riyadh
PUPs - Vyda Residential Project (Freehold) Riyadh Project Summary Vyda is a residential scheme located within Akaria Park Masterplan offering 280 villa units. The project is a joint venture (JV) between Al-Akaria and Al-Tahaluf 88,492 Sqm 119,849 Sqm Land Area Gross Floor Area Project Timeline Statu
Slide 34: Upcoming Pipeline Projects
Upcoming Pipeline Projects
Slide 35: Upcoming Projects - Al-Akaria (1) Mixed-Use – Riyadh
Upcoming Projects - Al-Akaria (1) Mixed-Use (Leasehold) –Riyadh Project Summary Al-Akaria (1) is a transit-oriented development (TOD) offering 167 keys internationally branded hotel and a promenade featuring 16,845 sqm of F&B and retail GFA alongside 35,000 sqm of collaborative office space and 389
Slide 36: Upcoming Projects - Sitteen Vertical Residential - Riyadh
Upcoming Projects - Sitteen Vertical Residential (Leasehold) - Riyadh Project Summary Sitteen project is the vertical residential community offering various size of apartment unit including 320 apartments supported with state-of-art communal facilities and retail shops occupying 1,548 sqm on the gro
Slide 37: Q&A
Q&A
Slide 38: Appendix
Appendix
Slide 39: 2027 Corporate Strategy Targets
2027 Corporate Strategy Targets 1.0 100% 0.6 4.8% 7% IGA GP / 2.6 2.7 25% EPS Debt / Equity ROE Indirect Costs Subsidiary GP vs Overheads / DSCR ROA Total GP Revenue 39
Slide 40: Legacy Akaria Strategic Focus on Key Business Areas
Strategic Focus on Key Business Areas Lead in World-Class Quality and Service Excellence • Maintaining healthy capital structure • Sell lands which are not partof futureplans to improve liquidity to fund new projects (andavoidwhiteland tax) Enhancing the • Sell equityinvestmentswith returnsbelow tar
Slide 41: Restricted lands
Restricted lands
Slide 42: Restricted land – Al Widyan
Restricted land– Al Widyan Total Land Area Carrying Value* Market Value About Al Widyan Land Sqm 7.0mn SAR 2.9bn SAR 8 bn As of Dec 2024 • Al Akaria invested in the land for Al Widyan project. • Al Akaria was informed by the government that the land is located in an area currently under study by rel
Slide 43: Not available for use lands
Not available for use lands Total Land Area Carrying Value* Market Value About the lands Sqm 10.2m SAR 438mn SAR 1.74 bn As of Dec 2024 • Al Akaria lands, which are located in Benban, Al Aarid and AlDammam industrial are currently not available for use or development Lands Summary • The land restric
Slide 44: IR contact details
IR contact details Ayoub Alamrani Head Of Investor Relations www.al-akaria.com
Slide 45: Thank You
THANK YOU AN @ayjlécll © AVAKARIA
Saudi Real Estate Co. (Al Akaria) — FY2024 Earnings Presentation on 6ix