Alandalus Property Co. · TADAWUL:4320
Alandalus Property — Q3 2021 Earnings Presentation
24 slides from Alandalus Property's earnings presentation, September 2021
Slide 1: Investor Presentation Q3 2021
Alandalus Property Q3 2021 Investor Presentation Q3 2021 1
Slide 2: Disclaimer
Disclaimer Alandalus Property Q3 2021 The information contained in this presentation is subject to change without further notice, its accuracy is not guaranteed, and it may not contain all material information concerning the company. Neither we nor our advisors make any representation regarding, and
Slide 3: Contents
Alandalus Property Q3 2021 Contents Alandalus Property Q3 2021 Overview 4 Operational Performance 9 Financial Performance 12 3
Slide 4: Overview
Overview Alandalus Property Q3 2021 4
Slide 5: Alandalus Property is a pioneering Tadawul-listed real estate company
Change picture Alandalus Property Q3 2021 Alandalus Property is a pioneering Tadawul-listed real estate company involved in the investment, development and operation of income- generating properties across the Kingdom of Saudi Arabia
Slide 6: Mission and Vision
Mission To develop and operate unique and compelling destinations differentiated by engaging guests, customers and communities through experiences that foster loyalty, frequency of visits and lifetime value which ultimately drive and sustain unparalleled growth Vision To become the most admired and
Slide 7: Q3 2021 Performance at a Glance
Q3 2021 Performance at a Glance Alandalus Property Q3 2021 > 10m 158m 67% Total Mall Footfall Revenue (SAR) Gross Profit Margin 97% 62% 78% Avg Occupancy Rate of Operating Profit Margin EBITDA Margin Regional Malls Portfolio 7
Slide 8: Commercial Sectors
Commercial Sectors Alandalus Property Q3 2021 RETAIL HOSPITALITY OFFICES HEALTHCARE Super Regional Regional Community Malls Malls Malls Al Andalus Salama West Jeddah Mall Hotel Tower Hospital QBIC Building Under development 8
Slide 9: Operational Performance
Operational Alandalus Property Q3 2021 Performance 9
Slide 10: Retail portfolio: malls, GLA and footfall
Retail Alandalus Property Q3 2021 TYPE # OF MALLS GLA TOTAL FOOTFALL Super Regional 2 173k 8.6 million Malls Regional Malls 1 47k 2 million Community Malls 4 27k N/A 10
Slide 11: Ongoing Investments
Ongoing Investments Alandalus Property Q3 2021 Al Jawhara Mall Location: ▪ Jeddah Type: ▪ Super Regional Mall Area: ▪ 124,880 sqm Ownership: ▪ Al-Jawhara Al-Kubra (25% APC) Total expected project cost: ▪ SAR 873 million Expected Opening: ▪ Q2 2022 West Jeddah Hospital Location: ▪ Jeddah Type ▪ Healt
Slide 12: Financial Performance
Financial Alandalus Property Q3 2021 Performance 12
Slide 13: Revenue
Revenue Alandalus Property Q3 2021 180 +5.8 % 158 m 100% 168 Retail (SAR Millions) 73.5% +43 % Revenue 176 165 147 110 m 132 158 m 127 9 months 4.8% Hospitality 21.6% Offices 0 2015 2016 2017 2018 2019 2020 Jan - Sep 2021 Jan - Sep 2021 13
Slide 14: Gross Income & Margin
Gross Income & Margin Alandalus Property Q3 2021 Gross Margin (%) Gross Income (SAR Million) 150 100% +5% 100 62% 67% 59% 58% 102.4 6Y Avg: 58.5% Gross Margin (SAR Millions) Gross Income 93.7 95.7 58% 57% 84.4 57% (%) 82.0 75.1 50 +82 % 106.6 m 58.6 m Jan - Sep 0 0% 2015 2016 2017 2018 2019 2020 Jan
Slide 15: Operating Income & Margin
Operating Income & Margin Alandalus Property Q3 2021 Operating Margin (%) Operating Income (SAR Million) 150 100% 100% -14.2% 82% 76% 74% 100 6Y Avg: 62.7% 61.9% Operating Income 59% Operating Margin (SAR Millions) 56% 50% (%) 104.0 108.8 104.2 29% 50 99.9 92.6 +215 % 98 m 48.3 31.1 m Jan - Sep 0 0%
Slide 16: EBITDA & Margin
EBITDA & Margin Alandalus Property Q3 2021 EBITDA Margin (%) EBITDA (SAR Million) 150 150% 100% - 7% 122.0 127.3 116.6 110.7 110.9 100 92% 100% EBITDA Margin EBITDA Income 84% (SAR Millions) 83% 81.2 77.9% 74.5% 72% 6Y Avg (%) 67% * 48% 50 123.4 m 50% +118 % 56.6 m Jan - Sep 0 0% 0% 2015 2016 2017 2
Slide 17: Net Income (shareholders) & Margin
Net Income (shareholders) & Margin Alandalus Property Q3 2021 Net Margin (%) Net Income (SAR Million) 150 100%100% - 31.4% 81% 74% 70% 100 6Y Avg: 55% (SAR Millions) Net Margin 52% Net Income 50.6% (%) 50% 1 41% 118.4 50 94.1 91.8 57.6 m 2 64.8 48.0 3 11.8% +547 % 14.3 8.9 m 0 0% 0% 2015 2016 2017 2
Slide 18: Return on Equity (ROE)
Return on Equity (ROE) Alandalus Property Q3 2021 11.3 10.9 10.1 6Y Avg: 7.3% 5.8 5.93 4.1 1.3 0% 2015 2016 2017 2018 2019 2020 Jan - Sep 2021 18
Slide 19: Return on Assets (ROA)
Return on Assets (ROA) Alandalus Property Q3 2021 8.5% 8.3% 7.9% 6Y Avg: 5.4% 4.18% 3.1% 4.0% 0.8% 0% 2015 2016 2017 2018 2019 2020 Jan - Sep 2021 19
Slide 20: Funds From Operations (FFO)
Funds From Operations (FFO) Alandalus Property Q3 2021 FFO % of Revenue FFO (SAR Million) 101% - 5.0% 150 100% 100% 93% 88% 85% 6Y Avg: 73.2 % 100 FFO % of Revenues 61% 59.1% (%) 50% 128.4 122.6 129.7 36% 134 50 100.7 99.1 +68 % m 63.6 80 m 0 0% 0% 2015 2016 2017 2018 2019 2020 Jan - Sep 2021 20
Slide 21: Liquidity
Liquidity Alandalus Property Q3 2021 Net Working Capital -+21% 279,398 166,976 185,864 160,532 193,695 -34,155 -61,189 2015 2016 2017 2018 2019 2020 Sep 2021 Current Ratio 1.99 3.00 2.72 2.83 2.50 2.56 0.69 0.49 2015 2016 2017 2018 2019 2020 Sep 2021 21
Slide 22: Leverage
Leverage Alandalus Property Q3 2021 Debt-Equity Ratio 0.60 0.64 0.37 0.32 0.25 0.18 0.07 2015 2016 2017 2018 2019 2020 Sep 2021 * Debt-Assets Ratio 0.38 0.39 0.27 0.24 0.20 0.17 0.07 2015 2016 2017 2018 2019 2020 Sep 2021 * Note: * Debt-Equity ratio and Debt-Asset ratio would be 53% and 33%, respect
Slide 23: Consolidated Balance Sheet as at Sep 2021
Consolidated Balance Sheet as at 30 SEP 2021 Alandalus Property Q3 2021 Total Assets (SAR million) Total Liabilities & Equity (SAR million) 1,962 2,045 1,962 2,045 105 106 473 531 629 692 1,251 1,215 1,048 1,076 239 299 180 172 2020 2021 2020 2021 Investments Fixed Assets Current Assets Current Liab
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