Dar Al Arkan Real Estate Development Co. · TADAWUL:4300
Dar Al Arkan Real Estate Development — FY2024 Earnings Presentation
36 slides from Dar Al Arkan Real Estate Development's earnings presentation, 2025
Slide 1: Dar Al Arkan
DAR AL ARKAN uL_<jXI jlo
Slide 2: Investor Presentation FY 2024
Investor Presentation FY 2024 2
Slide 3: Table of Contents
Table of Contents Page No. 1. Macro Economic Overview & KSA Real Estate Market 4 2. Key Business Indicators Overview 9 3. Financial Performance Overview 12 4. Overview of Assets Portfolio 17 5. International Projects Developed by Dar Global PLC 22 6. Appendix 29 3
Slide 4: Macro Economic Overview & KSA Real Estate Market
MACRO ECONOMIC OVERVIEW 1| & KSA REAL ESTATE MARKET 4
Slide 5: Macroeconomic Overview
Macroeconomic Overview FY 2025 Estimate real GDP will grow by 4.6% and budget deficit by 2.3% of GDP Average Brent Oil Prices GDP rise 4.6% in 2025 Budget deficit by 2.3% of GDP in 2025 120 3% 101 10.0% 2.5% 100 82 80 8.7% 2.3% 80 64 71 8.0% 60 42 6.0% 0% 40 4.6% 4.7% 2022 2023 2024E 2025B 2026P 202
Slide 6: KSA Real Estate Sector Overview
KSA Real Estate Sector Overview The strong long-term fundamentals of the market remain intact Positive Demographic Trends Supply Shortages Government Support KSA Total Population (Age/Gender) Male Female 3 Millions 2 1 0 65-69 70-74 75-79 80+ 10 - 14 15 - 19 20 - 24 25 - 29 30 - 34 35 - 39 40 - 44 4
Slide 7: Rising demand push transaction volume (33% YoY)
KSA Real Estate Sector Overview Rising demand push transaction volume (33% YoY) 450 410 360 321 140 249 258 270 110 209 207 194 189 85 180 99 166 159 71 131 60 77 39 75 270 44 211 38 90 150 174 138 127 115 128 130 119 93 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Residential Commercial
Slide 8: The Real Estate Price Index increased substantially for YoY and QoQ
KSA Real Estate Sector Overview The Real Estate Price Index increased substantially for YoY and QoQ KSA Real Estate Price Index (YoY) KSA Real Estate Price Index (QoQ) 3.0% 2.6% 2.0% 2.7% 2.4% 1.1% 2.1% 1.7% 1.0% 0.8% 1.8% 0.6% 1.5% 0.3% 0.3% 1.2% 0.7% 0.0% 0.2%0.1% 0.8% -0.1% 0.9% 0.6% 0.0% 0.6% 0.
Slide 9: Key Business Indicators Overview
KEY BUSINESS INDICATORS 2| OVERVIEW 9
Slide 10: FY 2024 – Key Business Indicators
FY 2023 – Key Business Indicators Investment In Revenues (LTM) 38.9% EBITDA (LTM) 19.0% Development Properties (LTM) 27.7% SAR 3,759 mn SAR 1,716 mn SAR 2,836 mn (2023 : SAR 2,707 mn) (2023 : SAR 1,442 mn) (2023 : SAR 2,220 mn) Gross Debt/ Cash And Bank Book Value Per Share Capitalization SAR 6,725
Slide 11: Dar Al Arkan Real Estate Assets
Dar Al Arkan Real Estate Assets ▪ DAAR’s Real Estate assets portfolio at cost is SAR 20.9 bn. ▪ DAAR has a strong pipeline of projects across the Kingdom totaling 13.0 mn sqm. Real Estate Properties Break up - SAR bn Total Land Area – SQM mn 57% 33% Investments in Lands, 16.5 Shams Ar Riyadh, 3.1 Pr
Slide 12: Financial Performance Overview
FINANCIAL PERFORMANCE 3| OVERVIEW 12
Slide 13: Financial Performance – FY 2024 Profitability
Financial Performance – FY 2024 Profitability 7,000 Yearly Revenues (SAR mn) 1,800 Gross Profit (SAR mn) & Margin (%) 1,600 50% 6,412 1,600 43% 45% 6,000 136 1,458 110 40% 1,400 36% 82 4,735 35% 40% 5,000 37% 35% 3,925 3,759 1,200 1,114 1,057 1.070 150 78 30% 4,000 3,492 1,000 66 897 99 166 824 116
Slide 14: Financial Performance – Q4 2024 Profitability
Financial Performance – Q4 2024 Profitability 600 50% 1,100 Quarterly Revenues (SAR mn) 1,014 Gross Profit (SAR mn) & Margin (%) 45% 44% 1,000 962 47 45% 919 40% 42% 40% 53 500 39% 38% 41% 900 826 865 448 66 37 40% 764 35 412 800 34 37 31 716 384 15 35% 400 356 19 29 700 32 35 316 15 30% 600 301 29
Slide 15: Financial Performance – FY 2024 Cash Flow
Financial Performance – FY 2024 Cash Flow Cash Flow – FY 2024 (SAR mn) Income / Sources of Cash Uses of Cash / Expenses 14,000 777 1,034 12,000 917 2,836 8 10,000 2,361 8,000 799 3,759 9 35 6,000 4,000 6,725 5,450 2,000 - Starting Cash Revenue New Debt Investment in Working Debt Opex Investment in M
Slide 16: Financial Performance – FY 2024 Debt
Financial Performance – FY 2024 Debt Gross Debt Vs Net Debt (SAR mn) 40% Debt* / Capitalization 12,000 11,494 35% 36% 35% 10,840 33% 33% 10,304 10,163 35% 10,500 9,468 29% 30% 26% 26% 9,000 7,832 4,932 5,929 6,725 25% 7,500 6,480 6,663 4,153 5,450 20% 6,000 3,950 3,160 15% 18% 19% 4,500 4,903 16% 16
Slide 17: Overview of Assets Portfolio
OVERVIEW OF ASSETS 4| PORTFOLIO 17
Slide 18: Shams Ar Riyadh – Key Facts
Residential & Commercial Development Projects - KSA Shams Ar Riyadh – Key Facts Location - Situated in the Al-Ammariyah district (King Khalid Road), part of the growing northwest corridor of Riyadh, Shams Ar Riyadh is close to the heart of the city and is located just 19 km from KKI Airport and 9 km
Slide 19: Residential & Commercial Development Projects - KSA
Residential & Commercial Development Projects - KSA Parisiana South Shams Al Arous Juman Project Dar Al Mashaer - Located in Riyadh city and easily - Shams Al Arous is a master-planned, - Juman project is strategically located - Located in holy city of Mecca on the accessed through King Fahad best i
Slide 20: Residential & Commercial Development Projects - KSA
Residential & Commercial Development Projects - KSA Qasr Khozam Etoile by Elie Saab, Sedra- Riyadh Buraidah Hills, Qassim - The project is a joint venture between Jeddah - Dar Al Arkan had won a contract to develop - Located in Buraidah city of Al-Qassim Development and Urban Regeneration Company re
Slide 21: Leasing Properties Portfolio
Leasing Properties Portfolio Al-Qasr Mall, Riyadh Land Area 61,949 m² Built up Area 234,147 m² Gross Leasable Area 75,265 m² No. of floors 3 Leasable Floors plus two parking Parking 1,579 Parking Spaces Latest Activity: ▪ 93% occupancy achieved by the end of 2024. ▪ Total footfall for 2024 exceeded
Slide 22: International Projects Developed by Dar Global PLC
INTERNATIONAL PROJECTS 5| DEVELOPED BY DAR GLOBAL PLC 22
Slide 23: Notable Changes During The Reporting Period
Notable Changes During The Reporting Period Dar Global Accounting and Project Update (Reference to note 29 of consolidated financial statements) - On 28 February 2023, Dar Global PLC, an indirectly wholly owned subsidiary of the Group, had listed its shares on the London Stock Exchange’s main market
Slide 24: Local Projects Developed by Dar Global PLC
Local Projects Developed by Dar Global PLC Neptune, Interiors by Mouawad Riyadh Trump Tower, Jeddah - Neptune Villas is located in the most sought-after northern part of - DarGlobal is set to redefine the skyline of Jeddah with its latest project, Riyadh, just moments away from Expo 2030 site within
Slide 25: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Urban Oasis by Missoni, Dubai Da Vinci Tower, Dubai W Residences, Dubai DG 1, Dubai - The Urban Oasis Tower is located in - Da Vinci Tower is a residential - The W Residences is a residential - DG 1 (Dar Global 1) Tower is located in the Business Ba
Slide 26: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Sidra Project Aida, Oman Les Vagues, Qatar The Weekend, Qatar By Elie Saab - The Sidra project site is situated in - AIDA sits in the heart of Muscat, 130m - Les Vagues by Elie Saab sets new - The Weekend embodies the essence Ravne, Vareš, 38 km out
Slide 27: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Tierra Viva, Spain Marea, Finca Cortesin, Spain The Astera, UAE Design inspired by Automobili Tabano, Spain Interiors by Missoni Interiors by Aston Martin Lamborghini - Marea, our second project in Spain was - Dar Tabano acquired six plots of - The
Slide 28: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC 8min-to-Central, London Oh So Close, London The Mulliner, London - Experience the finest in contemporary living in - Oh So Close offers an extraordinary residential - Originally known as Gloucestor House, Nº149 the exclusive 8min-to-Central resident
Slide 29: Appendix
6| APPENDIX 29
Slide 30: Appendix I – Statement of Financial Position
Appendix I – Statement of Financial Position SAR in 000s FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Investment properties, net 1,519,116 1,110,414 1,077,808 1,028,213 983,000 Long-term development properties 18,246,583 19,285,287 20,563,563 20,261,809 20,877,265 Property and equipment, net 72,180 77,65
Slide 31: Appendix II – Statement of Profit or Loss
Appendix II – Statement of Profit or Loss SAR in 000s FY 2022 FY 2022 FY 2023 FY 2024 Q4 2023 Q4 2024 Revenue 2,493,078 3,925,499 2,707,100 3,759,022 400,847 1,013,812 Cost of revenue (1,596,350) (2,467,912) (1,636,694) (2,159,014) (232,225) (565,445) Gross profit 896,728 1,457,587 1,070,406 1,600,0
Slide 32: Appendix III – Statement of Cash Flows
Appendix III – Statement of Cash Flows SAR in 000s FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Profit before Zakat 19,379 135,442 588,386 626,418 827,435 Adjustments for: Depreciation & Amortization 56,237 48,905 50,182 50,247 56,499 Provision for expected credit losses / bad debts 2,516 4,453 0 0 11,71
Slide 33: Disclaimer
Disclaimer THIS PRESENTATION IS NOT FOR PUBLICATION, RELEASE OR himself independently based solely on the prospectus in relation to such securities DISTRIBUTION, DIRECTLY OR INDIRECTLY, INTO AUSTRALIA, CANADA, (including any supplement thereto) available when orders are confirmed before taking JAPAN
Slide 34: Our Offices
OUR OFFICES RIYADH, KSA BEIJING, CHINA LONDON, UK MARBELLA, DUBAI, UAE 12622 Makkah Road, 303-309, North Tower, 50 Hans Crescent, Conrad Dubai, Al Wizarat, Beijing Kerry Centre, Knightsbridge, SPAIN Sheikh Zayed Road, Beside Riyadh Marriott Hotel, No.1 Guanghua Road, London, SW1X ONA Marbella’s Gold
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Slide 36: Thank you
Investor Relations Thank you Riyadh – Saudi Arabia Tel: +966 11 206 9888 Ext:1680 ir@alarkan.com 36
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