Deyaar Development (p.j.s.c) · DFM:DEYAAR
Deyaar Development (p.j.s.c) — Q2 2022 Earnings Presentation
27 slides from Deyaar Development (p.j.s.c)'s earnings presentation, June 2022
Slide 1: Investor Relations Information June 2022
DEYAAR DEVELOPMENT PJSC Investor Relations Information J U N E 2 0 2 2
Slide 2: Disclaimer
DISCLAIMER • The information set out in this presentation is being made available to recipients for information purposes only. It does not constitute, nor is it intended to be an offer to sell, or an invitation to subscribe for, or purchase, any properties or shares in the Company. • Neither this pr
Slide 3: Table of Content
Table of Content • DEYAAR PROFILE • OWNERSHIP STRUCTURE & STOCK UPDATE • STRATEGY HIGHLIGHTS • FINANCIAL HIGHLIGHTS • PROJECTS
Slide 4: Deyaar Profile
DEYAAR Deyaar Profile
Slide 5: Deyaar Profile: Business Divisions
Deyaar Profile BUSINESS DIVISIONS Deyaar has 7 divisions grouped into 3 main business segments with the current biggest contributor to revenue being Property DEYAAR GROUP Development. Deyaar Group Community Facilities Leasing/Asset Hospitality Management Management Management Property Investments Ma
Slide 6: Deyaar Profile: Commercial and Hospitality
Deyaar Profile Founded in 2002, Deyaar Development PJSC (listed in Dubai Financial Market) is one of Dubai’s leading property developers and real estate service providers in UAE, headquartered in Dubai. PROPERTY DEVELOPMENT BUSINESS Deyaar strives to contribute to Dubai’s cosmopolitan real estate la
Slide 7: Deyaar Profile: Residential
Deyaar Profile Midtown Al Dana Towers Al Seef Tower Mayfair Tower Dubai Production Sharjah Dubai Marina Business Bay City, Dubai Dubai Dubai Dubai RESIDENTIAL Al Seef Tower 2 Bellarose Central Park Mayfair Tower JLT Al Barsha South DIFC Business Bay Dubai Dubai Dubai Dubai Clayton Residency Coral Re
Slide 8: Recurring Income Businesses
Deyaar Profile RECURRING INCOME BUSINESSES INVESTMENTS LEASING Deyaar has investments in: • Deyaar owns several assets across residential, offices, and retail • Central Park in DIFC – 50:50 Joint Venture with Dubai Holdings Asset asset classes in different micro-markets and generates leasing Managem
Slide 9: Service Sector
Deyaar Profile SERVICE SECTOR PROPERTY MANAGEMENT FACILITY MANAGEMENT • This division manages properties on behalf of landlords • This division is one of the leading providers of integrated and provides services ranging from property inspection, facilities management solutions for residential, comme
Slide 10: Vision, Mission & Values
Deyaar Profile VISION, MISSION & VALUES VISION MISSION CORE VALUES To be known as a trusted, To create an urban environment that meets the Ethical and transparent; Enterprising integrated real-estate Partner, high standards set by the nation’s leaders, with a and agile, Trustworthy and reliable, cre
Slide 11: Organization Structure
Deyaar Profile ORGANIZATION STRUCTURE
Slide 12: Ownership Structure & Stock Update
Ownership Structure & Stock update
Slide 13: Ownership Structure & Stock Update
OWNERSHIP STRUCTURE & STOCK UPDATE Others 59% Dubai Islamic Bank 41% • Deyaar’s shares were listed in Dubai Financial market following its IPO in May 2007. • Above chart represents the share price movement for the last six months.
Slide 14: Capital Reduction
OWNERSHIP STRUCTURE & STOCK UPDATE • In the General Assembly Meeting held on 27 April 2022 the shareholders approved the reduction of the capital of the 7000 Company through the write-off of accumulated losses as of 31 December 2021. AED 5,778 Mn 6000 • The Company reduced its capital from AED 5,778
Slide 15: Strategy Highlights
jL—35 DEYAAR Strategy Highlights
Slide 16: Achieve Growth, Sustainability & Profitability by Focusing on Core Strengths
ACHIEVE GROWTH, SUSTAINABILITY & PROFITABILITY BY FOCUSING ON DEYAAR'S CORE STRENGTHS GROWTH Enhance, Expand and Create Value Manage Asset Portfolio Customer Satisfaction •Projects across real estate segments: •Generate recurring revenues & income affordable, prime, and luxury •Steady cash flows and
Slide 17: Financial Highlights
DEYAAR Financial =| Highlights
Slide 18: Financial Highlights – YTD Jun'22 vs YTD Jun'21
FINANCIAL HIGHLIGHTS – YTD Jun’22 Vs. YTD Jun’21 KEY HIGHLIGHTS Amounts in YTD Jun YTD Jun Variance AED Million 2022 2021 AED % • Increase in revenue is mainly attributable to an increase Gross Revenue 369.4 297.4 72.0 24% of AED 36.8mn in property development (due to Gross Profit 128.0 102.3 25.7 2
Slide 19: Financial Highlights – Q2'22 vs Q2'21
FINANCIAL HIGHLIGHTS – Q2’22 Vs. Q2’21 KEY HIGHLIGHTS Amounts in Variance Q2'22 Q2'21 • Increase in revenue is mainly attributable to AED Million AED % increase in Property Development revenue by AED Gross Revenue 207.5 148.3 59.3 40% 45mn due to recognition of Regalia in Q2’22. There Gross Profit 6
Slide 20: Financial Highlights – Q2'22 vs Q1'22
FINANCIAL HIGHLIGHTS – Q2’22 Vs. Q1’22 KEY HIGHLIGHTS Amounts in Variance Q2'22 Q1'22 AED Million AED % • Increase in revenue is mainly attributable to the revenue Gross Revenue 207.5 161.9 45.6 28% recognized for Regalia in Q2’22 of AED 76.7mn. This Gross Profit 66.1 62.0 4.1 7% was partially offse
Slide 21: Financial Highlights: Financial Position Ratio Comparison
FINANCIAL HIGHLIGHTS FINANCIAL POSITION RATIO COMPARISON 25.0% 7,000.0 5,959.7 6,000.0 5,791.5 19.7% 20.0% 18.2% 5,000.0 4,427.8 4,362.0 15.0% 4,000.0 10.0% 9% 3,000.0 8% 2,000.0 1,532.0 5.0% 1,429.6 1,000.0 871.0 1.5% 795.2 1% 1.1% 1% 541.3 463.5 0.0% 0.0 Return on Equity Return on Assets Debt Equi
Slide 22: Projects
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Slide 23: Projects: Tria
PROJECTS Residential Apartment Tria 641.7 M 711 211 100% TOTAL SALES VALUE AVAILABLE FOR SALE UNITS SOLD TILL PERCENTAGE OF - NUMBER OF UNITS DATE (COUNT) PORTFOLIO FOR SALE (COUNT) Project Current Completion Status Recently launched in June 2022 Recently launched in June 2022 Project Expected Compl
Slide 24: Projects: Regalia
PROJECTS Residential Apartment Regalia 1003.9 M 911 910 100% TOTAL SALES VALUE AVAILABLE FOR SALE UNITS SOLD TILL PERCENTAGE OF - NUMBER OF UNITS DATE (COUNT) PORTFOLIO FOR SALE (COUNT) Project Current Completion Status Overall, 6.45% Overall, 6.45% Project Expected Completion Date December 2024
Slide 25: Projects: Midtown – Afnan & Dania
PROJECTS Residential Apartment - Zone 2 & 3 Midtown – Afnan & Dania 953.8 M 1139 1130 99 92% AVAILABLE FOR LEASING TOTAL SALES UNITS SOLD TILL PERCENTAGE OF SALE - NUMBER PORTFOLIO – VALUE DATE (COUNT) PORTFOLIO FOR OF UNITS NUMBER OF SALE (COUNT) UNITS COUNT) Project Current Completion Status 100%
Slide 26: Projects: Midtown – Noor & Mesk
PROJECTS Residential Apartment - Zone 4 & 5 Midtown – Noor & Mesk 858.2 M 593 402 275 68% TOTAL SALES LEASING AVAILABLE FOR UNITS SOLD TILL PERCENTAGE VALUE PORTFOLIO – SALE - NUMBER DATE (COUNT) OF PORTFOLIO NUMBER OF OF UNITS FOR SALE UNITS (COUNT) COUNT ZONE 5) Project Current Completion Status Z
Slide 27: Thank You
DEYAAR Thank You
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