Slide 1: Depa PLC FY2024 Financial Results
DEPA PLC FY2024 FINANCIAL RESULTS 1
Slide 2: Summary Income Statement
Summary Income Statement AED million FY 2024 FY 2023 Change Revenue 1,336.2 1,093.6 242.6 • Overall group’s revenue has increased by AED Expenses (1,274.2) (1,080.7) (193.5) 242.6 million (22.2%) due to strong growth recorded by Depa Interiors Group and Deco (Reversal) / provision for impairment on
Slide 3: Summary Balance Sheet
Summary Balance Sheet AED million 31-Dec-24 31-Dec-23 Change Cash and cash equivalents 1 305.6 244.8 60.8 1 Restricted cash 80.4 29.5 50.9 1 Fixed deposits 0.0 0.7 (0.7) Trade and other receivables 432.1 286.4 127.7 Due from construction contract customers 132.7 150.7 (18.0) Inventories 28.2 37.1 (8
Slide 4: Summary of Cash Flows
Summary of Cash Flows AED mn FY 2024 FY 2023 Change Operating activities 96.5 41.4 55.1 Operating cashflows of the group were AED 97.2 Working capital changes 16.8 17.4 (0.6) million inflows in 2024 as compared to AED 40.2 Other movements (16.1) (18.6) 2.5 million inflows in 2023, increase of AED 57
Slide 5: Vedder
Vedder Based in Germany, Vedder is the world’s leading provider of fit-out solutions for the global superyacht, private jet and residence markets Financial Highlights 397.3 394.5 Revenue: AED 394.5 million, down AED 2.8 million or 0.7% year-on-year EBIT: AED 28.7 million, up AED 0.8 million or 2
Slide 6: Deco Group
Deco Group The Middle East’s leading provider of interior solutions for the luxury retail market, premium marble supply and installation, and high-quality furniture and joinery works Financial Highlights 268.3 Revenue: AED 268.3 million, up AED 37.9 million or 16.4% year-on-year EBIT: AED 26.5 m
Slide 7: Depa Interiors Group
Depa Interiors Group The Middle East’s leading provider of interior solutions for the hospitality, residential, commercial, transport and civil infrastructure markets Financial Highlights 718.8 69.1 Revenue: AED 718.8 million, up AED 234.8 million or 48.5% year-on-year 484.0 EBIT: AED 69.1 milli
Slide 8: Backlog
Backlog 170 456 216 2,052 92 1,883 1,872 182 1,827 1,712 217 204 1,407 135 1,097 194 1,129 1,130 1,117 1,018 Yachts & marine Economic infrastructure Hospitality Residential Commercial 5 462 595 501 537 538 462 1,096 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 489 Vedder Depa Interiors Deco Group All numbers
Slide 9: Outlook
Outlook Depa Group is set to thrive in the growing KSA and UAE fitout markets, driven by Vision 2030 and luxury real estate demand. The interior fit out sector offers promising long-term growth potential. Our strong project pipeline and strategic partnerships further reinforce our confidence in sust
Slide 10: Cautionary Statement
Cautionary Statement This document may contain certain 'forward-looking statements' with respect to Depa's financial condition, results of operations and business, and certain of Depa's plans and objectives with respect to these items. By their very nature, forward-looking statements are inherently