Seera Holding Group · TADAWUL:1810
Seera — Q3 2024 Earnings Presentation
32 slides from Seera's earnings presentation, May 2024
Slide 1: Investor Presentation
Investor Presentation Focus on portfolio monetization and shareholder returns Seera Investor Presentation | 3Q 2024 1
Slide 2: Contents
Contents Group Overview and Strategy 03 Business Segment Updates 07 New Investments 23 3Q 2024 Financial Overview 26 Seera Investor Presentation | 3Q 2024 2
Slide 3: Group Overview and Strategy
Group Overview and Strategy Seera Investor Presentation | 3Q 2024 3
Slide 4: Strategy Pillars
Seera Group: driving the future driven by portfolio monetization and shareholder returns Strategy Pillars 2024+ Operate as an engaged investor and steward of companies, governing 2019-2023 • Monetizing portfolio with strong influence and • Successful assets through various expertise restructuring of
Slide 5: Seera Group continues to unlock value through a growing and unique portfolio
Seera Group continues to unlock value for shareholders through a growing and unique portfolio that retains core holdings CENTRAL Travel Platform Car Rental UK-based Travel Hospitality Investments Investment Portfolio Non-strategic, Strategic / Non- Strategic, Core Strategic, Core Strategic, Non-core
Slide 6: Capital allocation strategy focused on maximizing free cash flow per share
Capital allocation strategy focused on maximizing free cash flow per share Deleveraging New investment Share buy-back the balance sheet Opportunities program Minimize balance sheet debt Target opportunities offering Execute a share buy-back and prioritize financial stability at least a 15% Internal
Slide 7: Business Segment Updates
Business Segment Updates Seera Investor Presentation | 3Q 2024 7
Slide 8: Almosafer Travel Platform
Almosafer Travel Platform Seera Investor Presentation | 3Q 2024 8
Slide 9: Almosafer leverages an asset-light and scalable business model
Almosafer leverages an asset-light and scalable business model serving tourist flows across the Saudi travel ecosystem Destination Consumer Travel Business Travel Hajj & Umrah Online Distribution Management B2C | Leisure & Religious | B2B | Business | B2B | Religious | B2B | Leisure & MICE | B2B | L
Slide 10: Almosafer Travel Platform: financial performance
Almosafer Travel Platform: financial performance Revenue (SAR Mn) 9M 2024 Gross Profit (SAR Mn) 9M 2024 +31% +19% 738 +16% 479 +1% 402 564 166 Almosafer is Saudi Arabia’s Leading Travel 143 209 211 Company characterized by an asset-light and scalable business model that serves tourism flows across t
Slide 11: Almosafer Travel Platform: NBV by segments
Almosafer Travel Platform: NBV by segments NBV composition (%) 9M 2024 Consumer Travel (SAR Mn) 9M 2024 Business Travel (SAR Mn) 9M 2024 Hajj & Umrah 4.4% +28% Destination Mgmt Online Distribution 4.5% +31% 4,620 1,800 -77% 2.3% 3,609 -77% Business 1,707 Travel 7.3% Consumer 599 1,299 Travel 139 413
Slide 12: Almosafer Travel Platform: revenue by segments
Almosafer Travel Platform: revenue by segments Revenue composition (%) 9M 2024 Consumer Travel (SAR Mn) 9M 2024 Business Travel (SAR Mn) 9M 2024 Hajj & Umrah Online Distribution 0.8% +45% -43% 20.7% 428 107 +23% -60% 50 Consumer 152 296 61 Destination Travel 123 20 Mgmt 12.2% 58.0% Business Travel 8
Slide 13: Almosafer Travel Platform: business performance metrics
Almosafer Travel Platform: business performance metrics Destination Consumer Travel Business Travel Hajj & Umrah Distribution Management Flight Segments (Mn) Flight Segments1 (Th) Top Inbound Umrah Markets Top Inbound Source Markets Flight Segments (Th) +34% +124% 1.8 +59% 1.3 31.4 77.0 0.6 19.7 34.
Slide 14: Driving Almosafer's growth: strategic adaptations in response to market changes
Driving Almosafer’s growth: strategic adaptations in response to market changes 2021-2023 2024F 2025F 2027F Performance Guidance Previous guidance New guidance (SAR Mn) SAR 7.2 – 7.6 billion SAR 12 billion +48% CAGR Net booking value Net booking value 7,608 6,127 Net Booking -5% - 0% SAR 10 billion
Slide 15: Almosafer Travel Platform: growth drivers by each business line
Almosafer Travel Platform: growth drivers by each business line • Organically grow sales by scaling core products (flights and hotels) in existing markets, expanding further in Qatar, scaling and adding new products, and utilizing Whatsapp as a new sales channel to support growth Consumer Travel • M
Slide 16: Other Business Segments
16 Other Business Segments Seera Investor Presentation | 3Q 2024
Slide 17: Car Rental: financial performance
Car Rental: financial performance Revenue (SAR Mn) 9M 2024 Gross profit (SAR Mn) 9M 2024 +45% +21% 1,148 +22% 325 +38% 268 791 403 116 95 291 3Q 23 3Q 24 9M 23 9M 24 3Q 23 3Q 24 9M 23 9M 24 • Lumi Rental Company is a leading car Operating expenses (SAR Mn) 9M 2024 EBITDA (SAR Mn) 9M 2024 rental and
Slide 18: Car Rental: business performance metrics
Car Rental: business performance metrics Revenue (SAR Mn) 9M 2024 Fleet size (th vehicles) 9M 2024 +45% 1,148 +1% 0% -1% +38% 791 33 34 34 33 405 403 274 291 343 21 23 23 23 145 267 102 120 394 94 251 12 11 11 11 96 139 5 • The Kingdom's top vehicle rental and 3Q 23 3Q 24 9M 23 9M 24 4Q 23 1Q 24 2Q
Slide 19: UK-based Travel Investment: financial performance
UK-based Travel Investment: financial performance Revenue (SAR Mn) 9M 2024 Gross profit (SAR Mn) 9M 2024 +43% +90% 1,026 428 716 +48% +94% 225 345 144 • Portman Travel Group encompasses some 232 74 of the most well-established travel brands in UK and Europe travel sector, including Clarity , Elegant
Slide 20: UK-based Travel Investment: business performance metrics
UK-based Travel Investment: business performance metrics Net booking value (SAR Mn) 9M 2024 Three business lines: - Business Travel (Clarity) Sports Travel - Luxury Leisure Travel (Elegant Resort) 667 +37% Business - Sport Travel (Destination Sports Group) vs 9M 2023 Luxury Leisure Travel 3,874 Trav
Slide 21: Hospitality: financial performance
Hospitality: financial performance Revenue (SAR Mn) 9M 2024 Gross profit (SAR Mn) 9M 2024 +6% +11% 143 152 77 69 -15% -20% 45 38 20 16 3Q 23 3Q 24 9M 23 9M 24 3Q 23 3Q 24 9M 23 9M 24 • Eight hotels, including Sheraton Jabal Al Operating expenses (SAR Mn) 9M 2024 EBITDA (SAR Mn) 9M 2024 Kaaba (Makkah
Slide 22: Hospitality: business performance metrics
Hospitality: business performance metrics 9M 2024 Room Nights 194.0k +5% Sold vs 9M 2023 Operational 2,283 No changes Room Keys vs 9M 2023 Revenue Per SAR 338 +6% Available Room vs 9M 2023 Occupancy 71% +1 ppts vs 9M 2023 Average SAR 475 +4% Daily Rate vs 9M 2023 Seera Investor Presentation | 3Q 202
Slide 23: New Investments
New Investments Seera Investor Presentation | 3Q 2024 23
Slide 24: Kayanat Central business park (1/2)
Kayanat Central business park (1/2) Seera Group is the primary investor in a Kayanat is located in the northern region of Riyadh at the private real estate fund to develop the Intersection of Abu Bakr Al Siddiq and Anas Bin Malik Kayanat Central business park strategically roads, with access to othe
Slide 25: Kayanat Central business park (2/2)
Kayanat Central business park (2/2) Kayanat is being built on 100,000 SQM as Land Use Overview Offices an integrated mixed-use development incorporating offices, retail and hotel Offices - Retail components Mosque Retail SAR 230Mn Hotel Annual Operating Cashflows 350,000+ • Completed development of Expect
Slide 26: 3Q 2024 Financial Overview
3Q 2024 Financial Overview Seera Investor Presentation | 3Q 2024 26
Slide 27: Strong financial performance driven by higher booking volumes and revenue growth
Strong financial performance driven by higher booking volumes and revenue growth, fueling bottom-line expansion and enhanced returns Key Highlights: Net Booking Value 9M 2024 NBV composition (%) Revenue 9M 2024 < < Hospitality 1.4% Other 1.9% 11,060 3,101 • NBV growth driven by expansion Car Rental
Slide 28: Financial results boosted by rising travel demand and growth across key segments
Financial results boosted by rising travel demand and growth across key business segments YoY % YoY % SAR Mn 9M 2024 9M 2023 3Q 2024 3Q 2023 Change Change EBITDA (SAR Mn) 9M 2024 Net booking value 11,060 9,011 +23% 3,728 3,133 +19% +23% Revenue 3,101 2,274 +36% 995 801 +24% +40% 713 581 Cost of reve
Slide 29: Strong balance sheet and prudent borrowing reflected in conservative debt levels
Strong balance sheet and prudent borrowing reflected in conservative debt levels SAR Mn 3Q 2024 2Q 2024 QoQ % Change Net Debt / Equity (x) 3Q 2024 0.15 Property, plant & equipment 5,296 5,336 -1% 0.18 0.17 0.16 Assets under construction and development 525 551 -5% 0.02 Investments 642 661 -3% Trade
Slide 30: Improved cash position in 9M 2024 driven by operating cash flows and asset disposals
Improved cash position in 9M 2024 driven by strong operating cash flows and strategic asset disposals SAR Mn 9M 2024 9M 2023 YoY % Change Cash & Cash Equivalents Movement (SAR Mn) 9M 2024 Profit for the period 174 149 +17% +16% Depreciation 347 285 +22% 410 Net book value of vehicles disposed 364 18
Slide 31: Seera Investor Relations
Seera Investor Relations investors@seera.sa Seera Investor Presentation | 3Q 2024
Slide 32: Disclaimer
Disclaimer All information included in this document is for general use only and has not been independently verified, nor does it constitute or form part of any invitation or inducement to engage in any investment activity, nor does it constitute an offer or invitation or recommendation to buy or su