Dar Al Arkan Real Estate Development Co. · TADAWUL:4300
Dar Al Arkan Real Estate Development — Q1 2025 Earnings Presentation
35 slides from Dar Al Arkan Real Estate Development's earnings presentation, 2025
Slide 1: Dar Al Arkan
DAR AL ARKAN uL_<jXI jlo
Slide 2: Investor Presentation Q1 2025
Investor Presentation Q1 2025 2
Slide 3: Table of Contents
Table of Contents Page No. 1. Macro Economic Overview & KSA Real Estate Market 4 2. Key Business Indicators Overview 9 3. Financial Performance Overview 12 4. Overview of Assets Portfolio 16 5. Projects Developed by Dar Global PLC 21 6. Appendix 28 3
Slide 4: Macro Economic Overview & KSA Real Estate Market
MACRO ECONOMIC OVERVIEW 1| & KSA REAL ESTATE MARKET 4
Slide 5: Macroeconomic Overview
Macroeconomic Overview FY 2025 Estimate real GDP will grow by 4.6% and budget deficit by 2.3% of GDP Average Brent Oil Prices GDP rise 4.6% in 2025 Budget deficit by 2.3% of GDP in 2025 120 101 3% 10.0% 2.5% 100 82 82 74 8.7% 71 2.3% 80 8.0% 60 42 6.0% 0% 40 4.7% 2022 2023 2024E 2025B 2026P 2027P 20
Slide 6: KSA Real Estate Sector Overview
KSA Real Estate Sector Overview The strong long-term fundamentals of the market remain intact Positive Demographic Trends Supply Shortages Government Support KSA Total Population (Age/Gender) Male Female 3 Millions 2 1 0 Total population of 32.2 million for 2022 ▪ Saudi Population growth of around 2
Slide 7: Residential & Commercial deals decline 4% YoY and 16% QoQ
KSA Real Estate Sector Overview Residential & Commercial deals decline 4% (YoY) and 16% (QoQ) 450 410 360 140 321 266 270 110 249 209 188 207 194 89 99 166 180 71 159 77 131 39 60 75 270 44 211 38 90 177 150 138 127 128 130 119 93 115 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Resident
Slide 8: The Real Estate Price Index rose to 4.3% (YoY)
KSA Real Estate Sector Overview The Real Estate Price Index rose to 4.3% (YoY) KSA Real Estate Price Index (YoY)* KSA Real Estate Price Index (QoQ)* 5.0% 4.3% 3.0% 4.0% 3.6% 2.1% 2.0% 1.6% 3.0% 2.6% 1.2% 1.0% 0.8% 1.6% 1.0% 0.6% 0.7% 2.0% 1.4% -0.2% 0.0% 1.0% 0.0% 0.0% -1.0% Q1-24 Q2-24 Q3-24 Q4-24
Slide 9: Key Business Indicators Overview
KEY BUSINESS INDICATORS 2| OVERVIEW 9
Slide 10: Q1 2025 – Key Business Indicators
Q1 2025 – Key Business Indicators Investment In Revenues (LTM) 36.3% EBITDA (LTM) 17.0% Development Properties (LTM) -30.9% SAR 3,826 mn SAR 1,760 mn SAR 2,070 mn (Q1 2024: SAR 2,808 mn) (Q1 2024: SAR 1,504 mn) (Q1 2024 : SAR 2,994 mn) Gross Debt/ Cash And Bank Book Value Per Share Capitalization SA
Slide 11: Dar Al Arkan Real Estate Assets
Dar Al Arkan Real Estate Assets ▪ DAAR’s Real Estate assets portfolio at cost is SAR 20.5 bn. ▪ DAAR has a strong pipeline of projects across the Kingdom totaling 13.0 mn sqm. Real Estate Properties Break up - SAR bn Total Land Area – SQM mn 57% 33% Investments in Lands, 16.2 Shams Ar Riyadh, 3.1 Pr
Slide 12: Financial Performance Overview
FINANCIAL PERFORMANCE 3| OVERVIEW 12
Slide 13: Financial Performance – Q1 2025 Profitability
Financial Performance – Q1 2025 Profitability Quarterly Revenues (SAR mn) Gross Profit (SAR mn) & Margin (%) 1,100 600 50% 1,014 45% 44% 1,000 962 932 44% 45% 919 47 40% 42% 40% 500 39% 38% 41% 900 865 39 448 764 826 66 37 40% 0 716 35 412 15 407 800 34 37 37 0 31 384 35% 400 356 19 29 12 700 32 0 1
Slide 14: Financial Performance – Q1 2025 Cash Flow
Financial Performance – Q1 2025 Cash Flow Cash Flow – Q1 2025 (SAR mn) Income / Sources of Cash Uses of Cash / Expenses 14,000 12,000 10,000 2,511 433 2,017 8,000 932 207 6,000 23 1 4,000 6,725 6,499 2,000 - Starting Cash Revenue New Debt Working Capital Debt Repayment Opex Investment in Maintenance
Slide 15: Financial Performance – Q1 2025 Debt
Financial Performance – Q1 2025 Debt Gross Debt Vs Net Debt (SAR mn) Debt* / Capitalization 40% 11,494 11,000 34% 34% 34% 35% 12,000 10,697 10,650 10,610 33% 34% 34% 10,290 10,163 30% 30% 10,000 30% 8,378 8,367 8,000 5,659 5,527 5,247 6,725 6,499 5,710 5,450 3,866 4,168 20% 6,000 16% 16% 16% 17% 4,0
Slide 16: Overview of Assets Portfolio
OVERVIEW OF ASSETS 4| PORTFOLIO 16
Slide 17: Shams Ar Riyadh – Key Facts
Residential & Commercial Development Projects - KSA Shams Ar Riyadh – Key Facts Location - Situated in the Al-Ammariyah district (King Khalid Road), part of the growing northwest corridor of Riyadh, Shams Ar Riyadh is close to the heart of the city and is located just 19 km from KKI Airport and 9 km
Slide 18: Residential & Commercial Development Projects - KSA
Residential & Commercial Development Projects - KSA Parisiana South Shams Al Arous Juman Project Dar Al Mashaer - Located in Riyadh city and easily - Shams Al Arous is a master-planned, - Juman project is strategically located - Located in the holy city of Mecca on accessed through King Fahad best i
Slide 19: Residential & Commercial Development Projects - KSA
Residential & Commercial Development Projects - KSA Qasr Khozam Etoile by Elie Saab, Sedra- Riyadh Buraidah Hills, Qassim - The project is a joint venture between - Dar Al Arkan had won a contract to develop residential - Located in Buraidah city of Al-Qassim Jeddah Development and Urban units in SE
Slide 20: Leasing Properties Portfolio
Leasing Properties Portfolio Al-Qasr Mall, Riyadh Land Area 61,949 m² Built up Area 234,147 m² Gross Leasable Area 75,265 m² No. of floors 3 Leasable Floors plus two parking Parking 1,579 Parking Spaces Latest Activity: ▪ 93% occupancy achieved by the end of Q1 2025 including storage area. 96% occup
Slide 21: Projects Developed by Dar Global PLC
PROJECTS DEVELOPED BY DAR 5| GLOBAL PLC 21
Slide 22: Notable Changes During The Reporting Period
Notable Changes During The Reporting Period Dar Global Accounting and Project Update - On 28 February 2023, Dar Global PLC, an indirectly wholly owned subsidiary of the Group, listed its shares on the main market of the London Stock Exchange. As part of this listing, Dar Global PLC offered 21,621,61
Slide 23: Local Projects Developed by Dar Global PLC
Local Projects Developed by Dar Global PLC Neptune, Interiors by Mouawad Riyadh Trump Tower, Jeddah - Neptune Villas is located in the most sought-after northern part of - DarGlobal is set to redefine the skyline of Jeddah with its latest project, Riyadh, just moments away from Expo 2030 site within
Slide 24: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Urban Oasis by Missoni, Dubai Da Vinci Tower, Dubai W Residences, Dubai DG 1, Dubai - The Urban Oasis Tower is located in - Da Vinci Tower is a residential - The W Residences is a residential - DG 1 (Dar Global 1) Tower is located in the Business Ba
Slide 25: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Sidra Project Aida, Oman Les Vagues, Qatar The Weekend, Qatar By Elie Saab - The Sidra project site is situated in - AIDA sits in the heart of Muscat, 130m - Les Vagues by Elie Saab sets new - The Weekend embodies the essence Ravne, Vareš, 38 km out
Slide 26: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Tierra Viva, Spain Marea, Finca Cortesin, Spain The Astera, UAE Design inspired by Automobili Tabano, Spain Interiors by Missoni Interiors by Aston Martin Lamborghini - Tierra Viva in Behanavís – Costa del - Marea, our second project in Spain - Dar
Slide 27: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC 8min-to-Central, London Oh So Close, London The Mulliner, London Albert Hall Mansion, London - Experience the finest in contemporary - Oh So Close offers an extraordinary - Originally known as Gloucestor - 7&8 Albert Hall Mansions living in the excl
Slide 28: Appendix
6| APPENDIX 28
Slide 29: Appendix I – Statement of Financial Position
Appendix I – Statement of Financial Position SAR in 000s FY 2022 FY 2023 FY 2024 Q1 2024 Q1 2025 Investment properties, net 1,077,808 1,028,213 983,000 1,016,241 972,802 Long-term development properties 20,563,563 20,261,809 20,877,265 20,553,813 20,411,924 Property and equipment, net 86,056 103,769
Slide 30: Appendix II – Statement of Profit or Loss
Appendix II – Statement of Profit or Loss SAR in 000s FY 2021 FY 2022 FY 2023 FY 2024 Q1 2024 Q1 2025 Revenue 2,493,078 3,925,499 2,707,100 3,759,022 864,920 932,007 Cost of revenue (1,596,350) (2,467,912) (1,636,694) (2,159,014) (509,123) (525,439) Gross profit 896,728 1,457,587 1,070,406 1,600,008
Slide 31: Appendix III – Statement of Cash Flows
Appendix III – Statement of Cash Flows SAR in 000s FY 2022 FY 2023 FY 2024 Q1 2024 Q1 2025 Profit before Zakat 588,386 626,418 827,435 157,531 215,154 Adjustments for: Depreciation & Amortization 50,182 50,247 56,499 13,457 13,494 Provision for expected credit losses / bad debts 0 0 11,713 2,370 584
Slide 32: Disclaimer
Disclaimer THIS PRESENTATION IS NOT FOR PUBLICATION, RELEASE OR himself independently based solely on the prospectus in relation to such securities DISTRIBUTION, DIRECTLY OR INDIRECTLY, INTO AUSTRALIA, CANADA, (including any supplement thereto) available when orders are confirmed before taking JAPAN
Slide 33: Our Offices
OUR OFFICES RIYADH, KSA BEIJING, CHINA LONDON, UK MARBELLA, DUBAI, UAE 12622 Makkah Road, 303-309, North Tower, 50 Hans Crescent, Conrad Dubai, Al Wizarat, Beijing Kerry Centre, Knightsbridge, SPAIN Sheikh Zayed Road, Beside Riyadh Marriott Hotel, No.1 Guanghua Road, London, SW1X ONA Marbella’s Gold
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Slide 35: Thank you
Investor Relations Thank you Riyadh – Saudi Arabia Tel: +966 11 206 9888 Ext:1680 ir@alarkan.com 35
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