Dar Al Arkan Real Estate Development Co. · TADAWUL:4300
Dar Al Arkan Real Estate Development — Q2 2025 Earnings Presentation
34 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 Q2 2025
Investor Presentation Q2 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 27 3
Slide 4: Macro Economic Overview & KSA Real Estate Market
MACRO ECONOMIC OVERVIEW 1| & KSA REAL ESTATE MARKET 4
Slide 5: Real GDP Projected to Grow by 4.6% in FY 2025
Macroeconomic Overview Real GDP Projected to Grow by 4.6% in FY 2025 Average Brent Oil Prices Real GDP Projected to Grow 2025 Budget Deficit Estimated at by 4.6% in FY 2025 2.3% of GDP 120 100.9 10.0% 3% 100 8.7% 2.5% 82.5 80.5 8.0% 2.3% 80 70.9 68.0 60 42.0 6.0% 0% 4.6% 4.7% 40 3.5% 2022 2023 2024E
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 5 4 4 3 3 3 3 Millions 3 2 1 1 2 2 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 - 0 0 0 0 0 0 0-4 5-9 80+ 10-14 15-19 20
Slide 7: Residential & Commercial deals increased 37% (2024 vs 2023)
KSA Real Estate Sector Overview Residential & Commercial deals increased 37% (2024 vs 2023) 450 410 360 140 321 266 270 110 249 209 207 194 188 89 99 166 180 71 159 131 60 77 39 75 270 44 211 38 90 177 150 138 127 128 130 93 115 119 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Residentia
Slide 8: The Real Estate Price Index rose YoY to 3.2% in Q2 2025
KSA Real Estate Sector Overview The Real Estate Price Index rose YoY to 3.2% in Q2 2025, down from its peak of 4.3% in Q1. KSA Real Estate Price Index (YoY)* KSA Real Estate Price Index (QoQ)* 5.0% 3.0% 4.3% 4.0% 3.6% 3.2% 2.0% 1.6% 3.0% 2.6% 1.2% 1.0% 2.0% 1.6% 0.8% 0.7% 1.0% 0.6% 1.0% 0.0% 0.1% -0
Slide 9: Key Business Indicators Overview
KEY BUSINESS INDICATORS 2| OVERVIEW 9
Slide 10: Q2 2025 – Key Business Indicators
Q2 2025 – Key Business Indicators Investment In Revenues (LTM) 26.3% EBITDA (LTM) 15.9% Development Properties (LTM) (39.1%) SAR 3,717 mn SAR 1,826 mn SAR 1,861 mn (Q2 2024: SAR 2,943 mn) (Q2 2024: SAR 1,575 mn) (Q2 2024 : SAR 3,054 mn) Gross Debt/ Cash And Bank Book Value Per Share Capitalization S
Slide 11: Dar Al Arkan Real Estate Assets
Dar Al Arkan Real Estate Assets ▪ DAAR’s Real Estate assets portfolio at cost is SAR 21.8 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% Shams Ar Riyadh, 3.1 Investments in Land , 16.9 Pr
Slide 12: Financial Performance Overview
FINANCIAL PERFORMANCE 3| OVERVIEW 12
Slide 13: Financial Performance – Q2 2025 Profitability
Financial Performance – Q2 2025 Profitability Quarterly Revenues (SAR mn) Gross Profit (SAR mn) & Margin (%) 600 48% 50% 1,100 1,014 45% 44% 44% 962 932 42% 41% 45% 919 5 40% 865 1 42 852 500 40% 51 1 37 3 448 40% 900 1 35 65 36 2 412 4 407 411 716 0 34 37 12 37 96 384 1 1 35% 0 400 356 18 29 11 16
Slide 14: Financial Performance – Q2 2025 Cash Flow
Financial Performance – Q2 2025 Cash Flow Cash Flow – Q2 2025 (SAR mn) Income / Sources of Cash Uses of Cash / Expenses 14,000 12,000 10,000 8,000 343 153 79 237 674 852 6,000 136 4,000 6,499 6,035 2,000 - Starting Cash Revenue New Debt Working Capital Debt Repayment Opex Investment in Maintenance E
Slide 15: Financial Performance – Q2 2025 Debt
Financial Performance – Q2 2025 Debt Gross Debt Vs Net Debt (SAR mn) Debt* / Capitalization 12,000 11,494 11,000 10,810 10,290 10,163 10,697 10,650 10,610 40% 34% 35% 33% 34% 34% 34% 34% 33% 10,000 30% 8,367 30% 8,000 5,659 5,527 5,247 6,725 6,499 6,035 5,710 5,450 6,000 4,168 20% 4,000 17% 15% 16%
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
Slide 18: Residential & Commercial Development Projects - KSA
Residential & Commercial Development Projects - KSA Parisiana 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 in clas
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: ▪ 95% occupancy achieved by the end of Q2 2025. ▪ Total footfall for 2025 (Q1 &
Slide 21: Projects Developed by Dar Global PLC
PROJECTS DEVELOPED BY DAR 5| GLOBAL PLC 21
Slide 22: 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 - Dar Global is set to redefine the skyline of Jeddah with its latest project, Riyadh, just moments away from Expo 2030 site withi
Slide 23: 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 24: 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 25: 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 26: 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 27: Appendix
6| APPENDIX 27
Slide 28: Appendix I – Statement of Financial Position
Appendix I – Statement of Financial Position SAR in 000s FY 2022 FY 2023 FY 2024 Q2 2024 Q2 2025 Investment properties, net 1,077,808 1,028,213 983,000 1,003,951 962,798 Long-term development properties 20,563,563 20,261,809 20,877,265 20,909,351 20,807,091 Property and equipment, net 86,056 103,769
Slide 29: Appendix II – Statement of Profit or Loss
Appendix II – Statement of Profit or Loss SAR in 000s FY 2023 FY 2024 H1 2024 H1 2025 Q2 2024 Q2 2025 Revenue 2,707,100 3,759,022 1,826,483 1,784,144 961,563 852,137 Cost of revenue (1,636,694) (2,159,014) (1,086,950) (966,729) (577,827) (441,290) Gross profit 1,070,406 1,600,008 739,533 817,415 383
Slide 30: Appendix III – Statement of Cash Flows
Appendix III – Statement of Cash Flows SAR in 000s FY 2022 FY 2023 FY 2024 H1 2024 H1 2025 Profit before Zakat 588,386 626,418 827,435 327,313 460,286 Adjustments for: Depreciation & Amortization 50,182 50,247 56,499 26,941 27,413 Provision for expected credit losses / bad debts 0 0 11,713 0 1,252 D
Slide 31: 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 32: 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 34: Thank you
Investor Relations Thank you Riyadh – Saudi Arabia Tel: +966 11 206 9888 Ext:1680 ir@alarkan.com 34
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