Dar Global Plc · LSE:DAR
Dar Global — H1 2024 Earnings Presentation
24 slides from Dar Global's earnings presentation, Jun 30, 2024
Slide 1: Interim Results
Interim Results FOR THE SIX MONTHS ENDED 30 JUNE 2024
Slide 2: Presenter
Presenter “ Our goal for Dar Global is clear: to be the FIRST REAL ESTATE COMPANY that addresses the needs of a new society of global citizens, with a luxury offering that is both great to live in and great as an investment. Ziad El Chaar Chief Executive Officer
Slide 3: Content
Content 01 Overview 02 Business performance & financial highlights 03 Project spotlight & upcoming milestones
Slide 4: 01 Overview
01 Overview
Slide 5: DarGlobal at a Glance
DarGlobal at a Glance 7 GLOBAL SALES OFFICES PROJECTS IN 9 CITIES OUR OFFICES OUR PROJECTS
Slide 6: Our Projects in UAE
Our Projects in UAE DA VINCI TOWER W RESIDENCES DG1 THE ASTERA, INTERIORS URBAN OASIS TOWER BY ASTON MARTIN Launched 467 Status Launched 85 Status Launched 383 Status Launched 223 Status Launched 223 Status Q4 2021 No. of units Completed Q4 2022 No. of units Undergoing interior Q1 2022 No. of units
Slide 7: Our Projects in Aida, Oman
Our Projects in Aida, Oman TRUMP INTERNATIONAL TRUMP CLIFF VILLAS MARRIOTT RESIDENCES DARGLOBAL VILLAS HOTEL, OMAN Launched 138 Status Launched 30 Status Launched 244 Status Launched 368 Status Q2 2024 No. of units Pre-sales Q2 2024 No. of units Pre-sales Q2 2024 No. of units Pre-sales Q1 2023 No. o
Slide 8: Our Projects in Aida, Oman
Our Projects in Aida, Oman TRUMP GOLF VILLAS THE GREAT ESCAPE THE GREAT ESCAPE 2 Launched 20 Status Launched 216 Status Launched 244 Status Q1 2024 No. of units Under construction Q4 2023 No. of units Pre-sales Q2 2024 No. of units Pre-sales Scheduled completion 2027 Scheduled completion 2027 Schedu
Slide 9: Our Projects in Spain
Our Projects in Spain TIERRA VIVA MAREA Launched Status Launched Status Q2 2023 Pre-sales Q3 2023 Pre-sales 53 Scheduled completion 64 Scheduled completion No. of villas Q4 2027 No. of units June 2027 DarGlobal | Invest in luxury
Slide 10: Our Projects in Qatar
THE WEEKEND 01 Our Projects in Qatar Launched 83 Scheduled completion Status Q2 2023 No. of units 2027 Pre-sales LES VAGUES THE WEEKEND 02 Launched 77 Scheduled completion Status Launched 82 Scheduled completion Status Q4 2022 No. of units 2027 Under construction Q1 2024 No. of units 2027 Pre-sales
Slide 11: Our Projects in London
OH SO CLOSE Our Projects in London Launched 17 Scheduled completion Status Q2 2023 No. of units Q4 2024 Under construction THE MULLINER 8MINS-TO-CENTRAL Launched 1 Status Launched 9 Scheduled completion Status Q4 2022 No. of units Completed Q2 2023 No. of units Q4 2024 Under construction DarGlobal |
Slide 12: Milestones achieved in 2024
Milestones achieved in 2024 FEBRUARY APRIL JULY Published 1st Launched Marriot Completed Urban Annual Report Residences in Oasis Tower interiors by and Completed AIDA, Oman Missoni in Dubai 1st AGM Secured additional growth capital of up to USD 275m Announced plans for Trump Tower in Jeddah, Saudi A
Slide 13: Key Project Updates
Key Project Updates OMAN QATAR Acquisition of c. 930,000 sqm Shelter appointed as main contractor of additional land, total now for Les Vagues c. 4.35 million sqm The Trump International Golf course upgraded to a championship course MALDIVES status Oman Shapoorji and Tawel Lagoon acquired to develop
Slide 14: 02 Business Performance & Financial Highlights
02 Business Performance & Financial Highlights
Slide 15: Business Highlights
Business Highlights 30 June 2024 PORTFOLIO GDV INCREASED TO CONTRACTED SALES SEES GROWTH WITH USD 6.8bn across 1,797 units sold amounting 14 active projects to USD 1.3bn in sales value LAUNCHED GDV RISES TO SALES VELOCITY CONTINUES TO IMPRESS USD 2.6bn Close to 50% of launched GDV sold NAV USD 452m
Slide 16: Financial Highlights
Financial Highlights 30 June 2024 STEADY REVENUE GENERATION LOSS FOR THE PERIOD USD 44.5m revenue USD 12.8m Recognised from W Residence, Despite continued sales momentum, no Urban Oasis Tower & Da Vinci Tower additional projects crossed construction milestones for revenue recognition in H1 2024 c. 3
Slide 17: 03 Project Spotlight & Upcoming Milestones
03 Project Spotlight & Upcoming Milestones
Slide 18: Project Spotlight
Project Spotlight THE MIDDLE EAST’S FIRST RESIDENCES WITH INTERIORS BY ASTON MARTIN Located in Al Marjan, Ras Al Khaimah Direct access to the beach 45 min away from Dubai International Airport Direct views on the first Wynn Resorts in the Middle East DarGlobal | Invest in luxury
Slide 19: Unlocking Opportunities
Unlocking Opportunities 20% 01. D R I V I N G P R O G R E S S 02. E X P E C T E D I M P A C T O N 03. U N L O C K S O P P O R T U N I T I E S Increase in luxury homes REAL ESTATE FOR DARGLOBAL in Miami in 2023. KINGDOM OF SAUDI ARABIA: KINGDOM OF SAUDI ARABIA: • Economic diversification • Foreign ow
Slide 20: Upcoming Milestones
Upcoming Milestones Our Future • Will focus on the US and Saudi Expansion markets with continued development of our portfolio in London Brand • Remain a key differentiator for Collaborations Dar Global as we add to our esteemed list of partners Upcoming • Da Vinci Tower expected to complete Construc
Slide 21: Summary
Summary STEADY H1 OUTLOOK PERFORMANCE with significant growth in overall USD 700m of revenue across portfolio of assets FY24 and FY25 Expected revenue for FY24: COMPLETION AND USD 210m – 250m ONGOING HANDOVER OF URBAN OASIS Larger portion in FY25 as additional projects cross first Dar Global project
Slide 22: DARGLOBAL.CO.UK
OARGLOBAL DARGLOBAL.CO.UK
Slide 23: Disclaimer
Disclaimer THIS PRESENTATION AND ITS CONTENTS ARE STRICTLY CONFIDENTIAL AND ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN VIOLATION OF THE RELEVAN
Slide 24: Disclaimer
Disclaimer The Information contains statistics, data and other information relating to markets, market sizes, market shares, market positions and other industry data pertaining to the Company’s business and markets. Unless otherwise indicated, such information is based on the Company’s analysis of m