Mazaya Real Estate Development Company · QSE:MRDS
Mazaya Real Estate Development — Q1 2022 Earnings Presentation
14 slides from Mazaya Real Estate Development's earnings presentation, September 2022
Slide 1: Investor Relation Presentation Q1-2022
INVESTOR RELATION PRESENTATION FOR Q1-2022 | MAZAYA REAL ESTATE DEVELOPMENT Q.P.S.C. TORNADO TOWER Tel +974 40121212 WEST BAY Fax +974 40121213 DOHA, QATAR P.O. Box 18132 www.mazayaqatar.com
Slide 2: About Mazaya
ABOUT MAZAYA Mazaya Real Estate Development is a “Qatari Public Shareholding Company”, established on 10 January 2008 with a capital of QR 1 Billion. It was established under Article No.68 of the Law No. 5 of 2002 concerning the issuance of commercial compa- nies, and according to the terms and cond
Slide 3: Projects
PROJECTS
Slide 4: Tala Residence
TALA RESIDENCE Tala Residence was leased to Qatar Foundation on a 10 year contract that ends in August 2022 , and if it is leased in the current market situation compared to that time, there will be a significant decrease in the rental value. Accordingly, a pro- vision was booked for the decrease in
Slide 5: Marina Project - Lusail
MARINA PROJECT - LUSAIL With regard to the Marina project, which faced many challenges, we are currently reviewing with Qatar Foundation the terms of the contract concluded with them under BOT and looking for ways to change the project's activity to suit de- velopments and changes in the real estate
Slide 6: Al Sadd Property
AL SADD PROPERTY On the date specified earlier It was stated that the Ministry officially received the buildings and accompanying facilities which were thor- oughly inspected in early August Accordingly, the rent will be calcu- lated from the beginning of August with an estimated annual return of 7.
Slide 7: Gloria Hotel
GLORIA HOTEL The company is currently carrying out a comprehensive maintenance of the Gloria Hotel and its complete renova- tion to keep pace with the requirements of the tourism market and meet the needs of visitors to Qatar and the public during the 2022 World Cup. In order to show the real value
Slide 8: Al Daayen Land
AL DAAYEN LAND As for Al Daayen land, in the year 2020 , the use of the land was changed from commercial land to residential land, and during this period, negotiations were conducted with the concerned authorities, either to restore the commer- cial license or replace it with another land that allow
Slide 9: Financials
FINANCIALS
Slide 10: Balance Sheet
BALANCE SHEET Actual Mar 2022 Vs Actual Dec 2021 31 March 31 December Variance 2022 2021 QR % QR QR ASSETS Non-current assets Property and equipment 490,845 551,366 (60,521) -11% Investment properties 773,494,171 769,030,098 4,464,073 1% Project in progress - -- - 0% Right-of-use of assets 1,757,505
Slide 11: Balance Sheet
BALANCE SHEET Actual Mar 2022 Vs Actual Dec 2021 31 March 31 December Variance 2022 2021 QR % QR QR EQUITY AND LIABILITIES Equity Share capital 1,157,625,000 1,157,625,000 - 0% Legal reserve 58,005,878 58,005,878 - 0% Retained earnings (221,733,205) (233,106,681) 11,373,476 -5% Total equity 993,897,
Slide 12: Income Statement
INCOME STATEMENT Actual Mar 2022 Vs. Mar 2021 31 March 31 March Variance 2022 2021 QR % QR QR Finance income 17,333,707 17,805,226 (471,519) -3% Rental income 11,204,346 6,940,568 4,263,778 61% Operating expenses (1,240,795) (1,780,812) 540,017 -30% Income from operations 27,297,258 22,964,982 4,332
Slide 13: Q&A
Q&A
Slide 14: Thank You All
THANK YOU ALL
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