Estithmar Holding Q.P.S.C · QSE:IGRD
Estithmar Holding Q.P.S.C — Q3 2026 Earnings Presentation
39 slides from Estithmar Holding Q.P.S.C's earnings presentation, Oct 28, 2026
Slide 1: Investor Presentation Q3 2026 Results
Investor Presentation Q3 2026 Results www.estithmarholding.com
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer For the purposes of this disclaimer, Estithmar refers to Estithmar Holding Q.P.S.C., its subsidiaries and associated companies, together with its and their respective directors, officers, employees and agents, both collectively and individually. This document (“P
Slide 3: Table of Contents
Table of Contents 1 ESTITHMAR HOLDING OVERVIEW 2 Q3 2026 FINANCIAL PERFORMANCE 3 BUSINESS GROUPS OVERVIEW 4 GOVERNANCE 5 Q&A Q3 2026 Investor Presentation 3
Slide 4: Estithmar Holding Overview
SECTION 01 Estithmar Holding Overview Q3 2026 Investor Presentation 4
Slide 5: Estithmar at a Glance
Estithmar at a Glance 10 117 8 24,000+ Countries Companies Industries Employees Across 5 Groups Our Groups Healthcare Contracting & Industries Services Real Estate Development Financial Services MENA healthcare Specialized business units Real estate developer Acquires, invests in and Integrated cont
Slide 6: Estithmar Overview — Five Groups
Estithmar Overview — Five Groups Operations & Management Q3 2026 Investor Presentation 6
Slide 7: Diversified Platform Across Eight Industries
DIVERSIFIED PLATFORM ACROSS EIGHT INDUSTRIES 01 02 03 04 05 06 07 08 Facility Financial Contracting Manufacturing Real Estate Healthcare Hospitality Marine Management Services Q3 2026 Investor Presentation 7
Slide 8: Key Milestones Across Estithmar's Journey
Key Milestones 2025 2024 2026 Across Signing of O&M agreement for two Estithmar’s 2023 hospitals in Iraq Launch of Rixos Launch of Estithmar Capital Baghdad Residences 5th business Group Journey Public listing via reverse acquisition Establishment of Elegancia Arabia in off-plan sales 2022 transacti
Slide 9: Global Footprint
Global Footprint REVENUE SPLIT — QATAR vs INTERNATIONAL 10 Countries Revenue 2.9 4.2 6.5 4.5 (QAR Bn) 4% 24% 30% 28% 96% 76% 70% 72% FY 2023 FY 2024 FY 2025 Q3 2026 Qatar International Q3 2026 Investor Presentation 9
Slide 10: Investment Highlights
Investment Highlights Diversified Holding — 5 operating groups 1 Healthcare, C&I, Services and Ventures — now complemented by Estithmar Capital. Balanced portfolio structure Standout growth FY25 revenue rose 54% and net profit 122%; 2 Q3 2026: EBITDA +15% and net profit +6% despite revenue -8%. Best
Slide 11: Q3 2026 Financial Performance
SECTION 02 Q3 2026 Financial Performance Q3 2026 Investor Presentation 11
Slide 12: 9M 2026 Public Market Performance
9M 2026 Public Market Performance Stock Performance (QAR) 5.00 Q1 2026 Earnings H1 2026 Earnings QAR 4.18 17.7x 4.50 FY2025 Earnings 4.00 +24.4% YTD 3.50 share price 3.00 increase 2.50 2.00 P/E (30 Sept 26) Jan Feb Mar Apr May Jun Jul Aug Sep *P/E TTM Market capitalization (QAR bn) Shareholders by n
Slide 13: Key P&L Metrics
Key P&L Metrics 9 months ended 30 Sep 4,526m 1,559m 1,248m 744m Revenue Gross Profit EBITDA Net Profit ▼ 7.6% YoY ▼ 3.3% YoY ▲ 15.4% YoY ▲ 5.9% YoY (9M 2025: 4,900m) (9M 2025: 1,612m) (9M 2025: 1,082m) (9M 2025: 703m) -7.6% 4,900 4,526 EPS 0.162 0.165 -3.3% +15.4% +5.9% 1,612 1,559 1,248 1,082 703 7
Slide 14: Segment Mix: Revenue, EBITDA and Net Profit
Segment Mix: Revenue, EBITDA and Net Profit (in QAR m) 9 months ended 30 Sep 9M 2026 Revenue 9M 2026 EBITDA 9M 2026 Net Profit 12% 12% 34% 36% 23% 24% 55% 55% 5% 10% 9% 25% Pie charts exclude Holding & Eliminations
Slide 15: Balance Sheet Overview
Balance Sheet Overview (in QAR m) Total Assets Total Liabilities Equity Growth driven by investment made in ongoing +744m of NP, +49m NCI New loans 1.8 bn offset by 2.1 Bn reversal of Lease labilities projects +3.7% -2.5% +16.3% 14,553 15,088 9,777 9,531 3,180 8,132 9,603 4,738 5,557 4,776 6,598 6,4
Slide 16: Business Groups Overview
SECTION 03 Business Groups Overview Q3 2026 Investor Presentation 16
Slide 17: Healthcare Group
Q3 2026 Investor Presentation 17
Slide 18: Business Overview (Healthcare)
Business Overview PLATFORM OVERVIEW ASSET PORTFOLIO STRATEGIC POSITIONING 01 Fast-growing MENA healthcare operator with 8 hospitals and 2,800+ beds across four countries, anchored by a JCI-accredited flagship and international clinical partnerships. BUSINESS MODEL 02 Integrated model spanning owned
Slide 19: Key Projects
Key Projects The View Hospital | Doha, Qatar Korean Medical Center | Doha, Qatar KEY FACTS KEY FACTS 260+ 101,000 600+ 46 43 25 Beds sqm of facilities Medical professionals Outpatient clinics Procedure rooms One-day surgery beds 10 31 2 3 150+ 7 Operating rooms ICU · NICU · CCU beds Cath labs Operat
Slide 20: Key Projects
Key Projects Military Medical City Hospital | Doha, Qatar HAQA | Algerian Qatari German Hospital, Algeria UNDER CONSTRUCTION KEY FACTS KEY FACTS 470+ 1,000+ 50 2027 250K 300+ Beds Medical professionals Outpatient clinics Set to open Patients per year Beds 10 36 11 20 10 12 Operating rooms ICU / IMC
Slide 21: Contracting & Industries Group
Q3 2026 Investor Presentation 21
Slide 22: Business Overview (C&I)
Business Overview PLATFORM OVERVIEW ASSET PORTFOLIO STRATEGIC POSITIONING 01 Vertically integrated specialized contracting platform with 120,000+ sqm of own factories and 1,250+ specialized projects delivered. CAPABILITIES 02 Grade A MEP · #1 joinery in Qatar · marble & stone · switchgear · steel &
Slide 23: Key Projects MEEZA Data Center, PMBS Stadium
Key Projects MEEZA AI-Ready Data Center | Qatar PMBS Stadium | Qiddiya City, KSA KEY FACTS KEY FACTS QAR 500mn+ Turnkey 2 SAR 829mn Mechanical ~47,000 Contract value Scope of work Construction phases Contract value Scope of work Football seats MEEZA Data Center Qatar World Cup 2034 KSA May 2030 Clie
Slide 24: Key Projects Shura Island, Red Sea Airport
Key Projects Shura Island | Red Sea, KSA Red Sea International Airport | Red Sea, KSA KEY FACTS KEY FACTS MEP Works Hospitality 156,553 m² Fit-Out Commercial 32,051 m² Scope of work Project type Built-up area Scope of work Project type Built-up area 1,190 Red Sea Global KSA Red Sea Global KSA The Re
Slide 25: Key Projects CME Wakra, Rosewood Amaala
Key Projects CME Wakra (Phase 1) | Doha, Qatar Rosewood Amaala | Red Sea, KSA KEY FACTS KEY FACTS 150,000 m³ 1.5 km² June 2028 Fit-Out Commercial 25,092 m² Treatment capacity / day Plot area Phase 1 - Target completion Scope of work Project type Built-up area EPC 581,814 m² Qatar Red Sea Global KSA
Slide 26: Services Group
Q3 2026 Investor Presentation 26
Slide 27: Business Overview (Services)
Business Overview PLATFORM OVERVIEW ASSET PORTFOLIO STRATEGIC POSITIONING 01 17+ years delivering integrated FM, catering, manpower and marine services across 8 countries on long-term recurring contracts. SERVICE LINES Grade A FM (15mn sqm) · catering (350,000 meals/day) · manpower (7,000+, 02 14 se
Slide 28: Business Units Overview
Business Units Overview Elegancia Facilities Management Elegancia Catering KEY FACTS KEY FACTS 15mn 1,000+ 95% 350,000 55,000+ 3,000+ sqm under management FM project sites Client retention Meals / day sqm of kitchens Manpower SCOPE OF SERVICES SCOPE OF SERVICES • Facilities management, facility sust
Slide 29: Ventures Group
Q3 2026 Investor Presentation 29
Slide 30: Business Overview (Ventures)
Business Overview PLATFORM OVERVIEW ASSET PORTFOLIO STRATEGIC POSITIONING 01 Developer and operator of landmark hospitality and entertainment assets across Qatar, Iraq and the Maldives. 230,000 sqm · 11 restaurants 92,000 sqm · 100+ attractions OPERATING ASSETS 02 Al Maha Island & Lusail Winter Wond
Slide 31: Rixos Baghdad Hotel & Residences — Baghdad, Iraq
Rixos Baghdad Hotel & Residences — Baghdad, Iraq Baghdad's first 5-star luxury hospitality complex — combining an internationally branded hotel with luxury residences and villas, anchoring the revival of Iraq's premium hospitality market under the Rixos brand. 497 314 174 9 Total keys Hotel rooms Lu
Slide 32: Rosewood Maldives — Maldives
Rosewood Maldives — Maldives An ultra-luxury private-island resort under the Rosewood brand — positioning Estithmar Ventures at the top of the global resort market and diversifying the portfolio into a hard- currency leisure destination. 118 85 33 10+ Keys Beach villas Overwater villas F&B outlets D
Slide 33: Estithmar Capital
Q3 2026 Investor Presentation 33
Slide 34: Estithmar Capital
Estithmar Capital Established in Q1 2026 as Estithmar Holding's 5th group, Estithmar Capital completed the transfer of a 48.68% stake in Syria's Shahba Bank in September 2026. MANDATE Acquires, invests in and provides active governance and oversight of regulated financial institutions — spanning ban
Slide 35: Governance
SECTION 04 Governance Q3 2026 Investor Presentation 35
Slide 36: Corporate Governance — Board of Directors
Corporate Governance — Board of Directors Mr. Mohammad Mr. Ramez Moutaz Al-Khayyat Al-Khayyat Chairman Vice Chairman & President Sheikh Suhaim Bin Mr. Khalid Ghanim S Al- Mr. Hamad Ghanim S Mr. Abdulla Darwish Al AbdulAziz Hodeifi Al-Kuwari Al-Hodeifi Al-Kuwari Darwish Al Thani Board Member Board Me
Slide 37: Corporate Governance — Management
Corporate Governance — Management HOLDING CHIEF EXECUTIVES Basel Shaddad Holding Chief Executive Officer Rashid Bashir Sheikh Sanaa Daakour Shahid Razzaq Holding Chief Holding Chief Holding Chief Risk & Financial Officer Legal Officer Compliance Officer GROUP CHIEF EXECUTIVES Fadi Al Fakih Joe Hazel
Slide 38: Q&A
Q&A Q3 2026 Investor Presentation 38
Slide 39: Thank you
> Estithmar Holding G@—sylaJl jL_atiwl Thank you
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