Eshraq Investments P.j.s.c · ADX:ESHRAQ
Eshraq Investments P.j.s.c — Q3 2023 Earnings Presentation
20 slides from Eshraq Investments P.j.s.c's earnings presentation, Nov 15, 2023
Slide 1: Announcement – Invite Shareholders to Q3 2023 Management Presentation
Date: 14/11/2023 2023/11/14: التاريخ Disclosure and Compliance Section قسم اإلفصاح واإلمتثال المحترمين/ السادة Abu Dhabi Securities Exchange سوق ابو ظبي لألوراق المالية Abu Dhabi- UAE ابو ظبي – اإلمارات العربية المتحدة Greetings, ،تحية طيبة وبعد Subject: Announcement – Invite Shareholde
Slide 2: Management Presentation Q3 & 9M 2023
Management Presentation Q3 & 9M 2023 November 2023 1
Slide 3: Disclaimer
Disclaimer No statement in this document is intended to be nor may be construed as a profit forecast. Any statements made in this document which could be classed a “forward- looking” are based upon various assumptions, including management’s examination of historical operating trends, data contained
Slide 4: Introduction to Eshraq Investments
Introduction to Eshraq Investments 3
Slide 5: Eshraq: Entering a New Era of Growth
Eshraq: Entering a New Era of Growth Eshraq is entering a new phase of growth and expansion, driven by our ongoing portfolio optimisation. Operating across two business verticals Our mission… …is supported by our vision Real Estate & Infrastructure Real Estate Development to create long-term and end
Slide 6: Eshraq's Journey
Eshraq’s Journey Committed to continuing to grow our portfolio from primarily Real Estate towards a diversified multi-asset class investment business. Completed IPO on Abu Dhabi Dividend for Phase 1 share buyback development of Completed Completed sale of 4 Phase 4 share Securities Exchange FY 2012
Slide 7: Our Real Estate Portfolio
Our Real Estate Portfolio Eshraq has a track record of developing and managing income generating Real Estate assets. Real Estate Investments Includes the management of a diverse Real Estate investment portfolio of income-generating properties 5 plots of land previously owned 2 income generating asse
Slide 8: Realizing Value Through Asset Monetization
Realizing Value Through Asset Monetization Selectively extracting value from our existing Real Estate portfolio. Q3 20231 Q2 2023 Q4 2022 – H1 2023 Announced sale of Nuran Marina for a Recently completed the transfer of 58 units Sold seven plots of land, or 30% of existing consideration of AED 133 m
Slide 9: Goldilocks Fund: Long-Term Opportunity
Goldilocks Fund: Long-Term Opportunity Direct investment in undervalued and intrinsically mispriced opportunities across a range of sectors throughout the Middle East. Growth of hypothetical $1 million investment over time2 $5.0 m • Open-ended fund launched in 2015 and acquired by Eshraq Investments
Slide 10: Goldilocks: Making Eshraq a Multi-Asset Class Investor
Goldilocks: Making Eshraq a Multi-Asset Class Investor Reinvesting proceeds from Real Estate optimization on profitable assets across multiple sectors. Financial Investments Includes direct participation in financial markets, focusing on long-term investments across equities, bonds and alternative a
Slide 11: Q3 2023 Business Review
cil ESHRAQ | ——— Q3 2023 Business Review
Slide 12: Q3 2023: Strategic Progress
Q3 2023: Strategic Progress Strengthening the overall investor proposition through ongoing portfolio optimization. Q3 2023 gross profit from commercial operations of AED 3.9 million Q3 2023 profit/(loss) for the period of AED (83.3) million Total liabilities reduced by 34% for the 9M period AED ‘000
Slide 13: Q3 2023: Real Estate Asset Performance
Q3 2023: Real Estate Asset Performance Monetizing Real Estate assets through development, joint ventures and sale of land plots. Real Estate portfolio optimization Sold: Jumeirah Village Circle Real Estate assets YTD financial performance Nuran Marina YTD Sept 2022 YTD Sept 2023 Burj Daman YTD Sept
Slide 14: Q3 2023: Goldilocks Fund Performance
Q3 2023: Goldilocks Fund Performance Underlying market dynamics and weak performance of certain individual equities impacting fund performance in the third quarter. Q3 2023 Goldilocks underlying net investment value of AED 1.75 billion Q3 2023 Goldilocks investment breakdown - top five holdings 1.84
Slide 15: Strategic Priorities & Outlook
Strategic Priorities & Outlook 14
Slide 16: Strategic Priorities & Opportunities
Strategic Priorities & Opportunities Appointment of new Chairman and Board members coupled with continued progress on optimizing Real Estate portfolio. Board re-composition and appointments Healthy progress on land monetization Size of Board reduced from seven to five members, of which four are YTD
Slide 17: Strategic Priorities & Opportunities
Strategic Priorities & Opportunities Launch of another share buyback program and the diversification of the Goldilocks Fund. Launch of another share buyback program Ongoing diversification of Goldilocks Fund Buyback program approved by the Board, aiming to create value for Goldilocks 3-year net perf
Slide 18: Appendix
cil ESHRAQ | ——— Appendix
Slide 19: Historic Financial Performance
Historic Financial Performance FY2022 FY2021 FY2020 YTD Sept 2023 AED ‘000 AED ‘000 AED ‘000 AED ‘000 Revenue from commercial operations 26,578 41,015 26,216 18,082 Direct Costs (9,243) (15,861) (12,825) (11,033) Gross profit from commercial operations 17,335 25,154 13,391 7,049 Net finance income (
Slide 20: Thank you
Thank you Media enquiries Investor enquiries Teneo IR Eshraq@teneo.com IR@eshraquae.com
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