Commercial Real Estate Co. · KSE:ALTIJARIA
Commercial Real Estate — The Commercial Real Estate Company (Al Tijaria) — H1 2024 Earnings Presentation
31 slides from Commercial Real Estate's earnings presentation, Aug 18, 2024
Slide 1: Boursa Kuwait disclosure letter
AL-TUARIA (#1 ‘The Commercial RealEstate Co.nrsc. ep 2h Hal LoS U0 Date: 18/8/2024 To: Boursa Kuwait Company Dear Sirs, Subject: The Commercial Real Estate Company (K.P.S.C’ Analyst/Investor Conference Presentation for Q2 of 2024 In reference to the above subject, and to ensure that The Commercial R
Slide 2: Disclosure of Material Information Form
Disclosure of Material Information Form 18/8/2024 The Commercial Real Estate Company (K.P.S.C) To ensure that The Commercial Real Estate Company (K.P.S.C) is complying with the requirements of article (7-8-1/3), of the Boursa Kuwait rule book issued via resolution No. (1) of year 2018, kindly be inf
Slide 3: Investors & Analysts Presentation
Investors & Analysts Presentation First Half 2024 FINANCIAL RESULTS August 18, 2024
Slide 4: Disclaimer
DISCLAIMER The information set out in this presentation and provided in this discussion subsequent thereto does not constitute an offer, an agreement, or a solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information only. This p
Slide 5: Table of Contents
TABLE OF CONTENTS Business Overview & Al Tijaria ESG Financial Q&A Overview Performance 1 2 3 4 Al Tijaria Presentation First Half 2024 3 of 28
Slide 6: Section 1: Al Tijaria Overview
SECTION 1 AL TIJARIA OVERVIEW Al Tijaria Presentation First Half 2024 4 of 28
Slide 7: Al Tijaria Overview
AL TIJARIA OVERVIEW More than 21 multi One of the Established in 1968 Geographical Listed in KSE 2004 & is activity properties largest Real Estate and restructured Presence in 16 fully Sharia Compliant in 2000. under Company in Kuwait management Countries Iconic properties : Excellence across Optimu
Slide 8: Geographic Presence
AL TIJARIA OVERVIEW Geographic Presence Kuwait Bahrain, KSA, UAE, Oman, Jordan, Morocco, USA, Europe, UK , Turkey Al Tijaria Presentation First Half 2024 6 of 28
Slide 9: Section 2: Business Overview & Financial Performance
SECTION 2 BUSINESS OVERVIEW & FINANCIAL PERFORMANCE Al Tijaria Presentation First Half 2024 7 of 28
Slide 10: Financial Performance - Highlights
FINANCIAL PERFORMANCE - Highlights Financial Historical Trends Income Statement (KWD Mn) 1H23 1H24 Change % Rental & Hospitality Income 15.04 15.59 3.70% Operating Expenses -4.43 -4.53 2.26% Net Income from Operating Activities 10.61 11.06 4.30% Share of Profit from Associates 1.87 4.04 116.35% Net
Slide 11: Financial Performance - Profitability Indicators and KPIs
FINANCIAL PERFORMANCE - Highlights Profitability Indicators (KWD Mn) FY23 1H23 1H24 ROA % 2.87% 1.31% 1.87% ROE % 4.57% 2.1% 3.3% Net profit Margin (NPM) % 52.70% 47.60% 55.31% BVPS (Fils) 177.8 177.7 176.8 EPS (Fils) 8.13 3.42 5.36 Key Performance Indicators (KPI) FY23 1H23 1H24 Aggregate Occupancy
Slide 12: Financial Performance - Highlights
FINANCIAL PERFORMANCE –Highlights Net Income & NPM % EPS (In Fils) 16.000 14.424 56% 14.000 55.31% 54% 10.00 12.000 52.70% 8.13 9.572 52% 8.00 10.000 47.60% 50% 6.00 8.000 5.36 5.971 48% 4.00 6.000 3.42 4.000 46% 2.00 44% 2.000 0.00 0.000 42% FY23 1H23 1H24 FY23 1H23 1H24 EPS (Fils) Net Income (Pare
Slide 13: Business Overview
BUSINESS OVERVIEW RENTAL & HOTEL INCOME (IN KD MN) AGGREGATE OCCUPANCY 93.5% 0.09 93.0% 93.0% 0.00 2.09 1.83 92.5% 13.21 13.41 92.0% 92.0% 1H23 1H24 91.5% Rental Income Hotel Income Proceeds from Land held for trading 1H23 1H24 SHARE OF PROFIT FROM ASSOCIATES NET GAIN ON INVESTMENTS (IN KD MN) (IN K
Slide 14: Business Overview – Local
BUSINESS OVERVIEW – Local Al Tijaria Key Properties AL MANAR Al-Manar is a residential luxury Complex located on Gulf Road; amenities include swimming pool, gym, tennis court, squash court, 24 hours security, reception equipped to serve tenants and underground parking. Floors 16 Units 87 JUMAN T
Slide 15: Business Overview – Local
BUSINESS OVERVIEW – Local Al Tijaria Key Properties AL TIJARIA TOWER Al Tijaria Tower is located in Sharq area facing Al Sour Street opposite to Al Shaheed Park and it is one of the most Floors 39 spectacular twisted skyscrapers in the world. 8th tallest in Retail Space 6,347 Sqm Kuwait. A skyscr
Slide 16: Business Overview – Local
BUSINESS OVERVIEW - Local Al Tijaria Key Properties Al-Dome The Complex contains restaurants, cafes and water fountain in the middle area. Future kids joined with a total 3,000 sqm of entertainment. Retail Space 5,024 sqm # Of Units 21 Al-Shorouq Tower Al Shorouq Towers 1 & 2 consists of 21 floo
Slide 17: Business Overview – Local
BUSINESS OVERVIEW – Local BOULEVARD Al Tijaria Key Properties Boulevard Project is located in the heart of Salmiya, Kuwait most vibrant district, Boulevard Green Mall stands as a unique urban hub for recreational, social, commercial, natural and touristic attractions. Boulevard Green Mall is the one
Slide 18: Business Overview – Bahrain
BUSINESS OVERVIEW – Bahrain Remal Plaza - Bahrain Remal Plaza is a well maintained apartment building, quietly situated in a popular residential neighborhood, close to excellent amenities and newly opened highway infrastructure affording easy access to the airport and the Saudi causeway. The buildin
Slide 19: Business Overview – Bahrain
BUSINESS OVERVIEW – Bahrain Sitra Showroom - Bahrain Sitra is known for its buzzing commercial aspect . The property is an outstanding spacious showroom in a very prime location at Sitra Highway, showroom is semi fitted with mezzanine floor and full floor to ceiling windows enabling a clear and unin
Slide 20: Business Overview – Bahrain
BUSINESS OVERVIEW – Bahrain Riffa Views - Bahrain Park Villa in Riffa Views, Bahrain, is an upscale residential development known for its elegant villas and serene environment. The community is part of the Riffa Views project, which emphasizes luxury living with a focus on modern amenities and high-
Slide 21: Business Overview – Regional
BUSINESS OVERVIEW – Regional Al Tijaria Global Portfolio – Partially Owned Bayan Reality - KSA Established in year 2007, a Saudi closed stock company was founded by a business-oriented group of investors and reputed entities from Saudi Arabia , Kuwait & Bahrain. The company current share capital of
Slide 22: Business Overview – Regional
BUSINESS OVERVIEW – Regional Al Tijaria Global Portfolio – Partially Owned Orla Residence – Dubai, UAE A luxurious residential development project strategically located in pinnacle of the Palm Jumeirah, Dubai, UAE. The project is situated on an 29,000 sqm beach-front plot on the Palm Crescent, just
Slide 23: Business Overview – Global
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned Centene IT HQ Office Building – Missouri, USA High quality office building with extensive technology infrastructure which is strategically located at St. Louis, USA. With a rentable area of 181,631 sqft, the building is 100% oc
Slide 24: Business Overview – Global
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned Florida Residential Portfolio – USA A portfolio of Multifamily & Student housing properties with 540 multifamily & 752 student beds. ARC US Industrial Portfolio VIII – USA A Diversified Multi-Tenant Industrial Portfolio spread
Slide 25: Business Overview – Global
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned Total & Subsea 7 – Westhill Business Park Aberdeen, Scotland, UK The property with a plot area of 75,000 sqm and Built-up Area of 19,675 sqm, is majorly occupied by an internationally renowned oil and gas company TOTAL as its o
Slide 26: Business Overview – Global
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned Italian Office Portfolio A portfolio consisting of two Class A office properties; is fully leased to Kering Italia S.p.A (“Kering”) in Milan, Italy and International Fund for Agricultural Development (“IFAD”) in Rome, Italy. Th
Slide 27: Section 3: ESG
SECTION 3 ESG Al Tijaria Presentation First Half 2024 25 of 28
Slide 28: Al Tijaria's ESG Milestone
Al Tijaria’s ESG Milestone By 2023, Al-Tijaria Group invested KWD 20.8 million in environmentally responsible properties, emphasizing their commitment to financial returns and environmental sustainability through BREEAM, LEED Platinum, and Good GAP certified projects. Al-Tijaria stood 1st place in K
Slide 29: Snapshot on Al-Tijaria Share Performance
Snapshot on Al-Tijaria Share Performance Snapshot on Al-Tijaria Share Performance fils/shr 2020 2021 2022 2023 H1 2024 Average Price 95 113 111 99 123 Cash Dividends 5 3 5 3 4 Bonus Shares % 3 2 3 3 2 Dividend Yld. % 5.2% 2.7% 4.5% 3.0% 3.3% Cap. Gain / Loss% 8% 19% -2.1% -10% 23% Overall Return / L
Slide 30: Q&A Thank you
Q&A Thank you Al Tijaria Presentation First Half 2024 28 of 28
Slide 31: Investor Relations contact details
For Further Information Please Contact the Investor Relations Unit: Email : investors@altijaria.com THE COMMERCIAL REAL ESTATE COMPANY K.P.S.C. (AL-TIJARIA) Address : Al-Sharq Jaber Al Mubarak St. Al Tijaria Head Office Building Phone : +965 – 22902900 (933), +965 - 1805252 Fax : +965 – 22902901 www
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