Commercial Real Estate Co. · KSE:ALTIJARIA
Commercial Real Estate — The Commercial Real Estate Company (Al Tijaria) — Q1 2025 Earnings Presentation
27 slides from Commercial Real Estate's earnings presentation, May 15, 2025
Slide 1: Boursa Kuwait cover letter for analyst/investor conference
ALTHARIA =/\_ #4 ‘The Commercial RealEstate Co.Krse gp tA PEDAL pSVA S27 Date: 15/5/2025 To: Boursa Kuwait Company Dear Sirs, Subject: The Commercial Real Estate Company (K.P.S.C Analyst/Investor Conference Presentation for QI of 2025 In reference to the above subject, and to ensure that The Commerc
Slide 2: Disclosure of Material Information Form
a, {obo gball aa xsi Disclosure of Material Information Form Date Name of the Listed Company ‘The Commercial Real Estate Company (I.P.S.C) Material Information To ensure that The Commercial Real Estate Company (IK.P.S.C) is complying with the requirements of article (7-8-1/3), of the Boursa Kuwait r
Slide 3: Earnings Presentation 1Q25 Earnings Results
Earnings Presentation 1Q25 Earnings Results Ending March 2025 May 15, 2025
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 Milestones Performance 1 2 3 4 Al Tijaria Presentation 1Q2025 3 of 25
Slide 6: Section 1: Al Tijaria Milestones
SECTION 1 AL TIJARIA MILESTONES Al Tijaria Presentation 1Q2025 4 of 25
Slide 7: Al Tijaria Milestones
Al Tijaria Milestones Excellence across Residential, Commercial, Retail & Hospitality Al Tijaria Presentation 1Q2025 5 of 25
Slide 8: Al Tijaria – Strategy
Al Tijaria – Strategy Excellence across Residential, Commercial, Retail & Hospitality Al Tijaria Presentation 1Q2025 6 of 25
Slide 9: Al Tijaria Presence
Al Tijaria Presence Geographic Presence Kuwait Bahrain, KSA, UAE, , Morocco, USA, Europe, UK , Turkey Al Tijaria Presentation 1Q2025 7 of 25
Slide 10: Section 2: Business Overview & Financial Performance
SECTION 2 BUSINESS OVERVIEW & FINANCIAL PERFORMANCE Al Tijaria Presentation 1Q2025 8 of 25
Slide 11: Business Overview
BUSINESS OVERVIEW RENTAL & HOTEL INCOME (IN KD MN) AGGREGATE OCCUPANCY 94.5% 94.0% 94.0% 0.09 0.00 93.5% 0.98 1.08 93.0% 92.5% 6.67 6.70 92.0% 92.0% 91.5% 1Q24 1Q25 91.0% Rental Income Hotel Income Procceds from Land held for trading 1Q24 1Q25 SHARE OF PROFIT FROM ASSOCIATES NET GAIN ON INVESTMENTS
Slide 12: Financial Performance – Key Highlights
FINANCIAL PERFORMANCE – Key Highlights Income Statement (KWD Mn) 1Q24 1Q25 Change % Rental Income 6.67 6.70 0.39% Hospitality Income 0.98 1.08 9.56% Sales of Lands 0.09 0.00 0.00% Operating Expenses (2.18) (2.38) 9.44% Real Estate Gross Profits 5.57 5.39 -3.20% Share of Profit from Associates 2.33 2
Slide 13: Financial Performance – Key Highlights (Balance Sheet)
FINANCIAL PERFORMANCE – Key Highlights Change in Balance Sheet (KWD Mn) 1Q24 FY24 1Q25 Value Investment property 369.14 369.22 369.41 0.19 Investments (OCI &associates &P&L ) 143.85 155.15 156.24 1.09 Investments - OCI 57.09 57.57 56.95 (0.63) Investments - associates 44.74 47.32 49.42 2.09 Investme
Slide 14: Financial Performance – Indicators
FINANCIAL PERFORMANCE - Indicators Profitability Indicators (KWD Mn) 1Q24 FY24 1Q25 ROA %* 3.00% 3.04% 2.53% ROE %* 5.06% 5.26% 4.14% Net profit Margin (NPM) % 48.1% 49.8% 39.8% BVPS (Fils) 159.93 166.55 163.93 DPS (Fils) ** 4.0 4.0 3.0 EPS (Fils) 2.02 8.76 1.70 *ROA & ROE are annualized ** * Actual
Slide 15: Financial Performance – Highlights
FINANCIAL PERFORMANCE – Highlights EPS (IN FILS) NET INCOME & NPM % 2.10 4.0 3.7 60% 2.00 3.1 50% 3.0 2.02 48.1% 40% 1.90 39.8% 1.80 2.0 30% 20% 1.70 1.70 1.0 10% 1.60 0.0 0% 1.50 1Q24 1Q25 1Q24 1Q25 Net Income (Parent) Net profit Margin (NPM) %* TOTAL ASSETS & ROA TOTAL EQUITY, ROE%, AND BVPS IN KD
Slide 16: Business Overview – In Pipeline (Domus Fund)
BUSINESS OVERVIEW – In Pipeline Domus Fund – Dubai - UAE - The project aims to address the housing needs of hospitality employees in Dubai by developing 20 properties with a capital investment of AED 380 million over 10 years. - Al-Tijaria Group commitment to this investment is AED 88 million which
Slide 17: Business Overview – In Pipeline (Retail & Fitness Center)
BUSINESS OVERVIEW – In Pipeline Retail & Fitness Center – Qairwan Area, Kuwait A project has been awarded from the Public Authority for Housing Welfare (PAHW) to a subsidiary of Al Tijaria. The project features development of a retail and fitness center over a total plot area of 12,575 sqm. The comp
Slide 18: Business Overview – Local
BUSINESS OVERVIEW – Local Al Tijaria Key Properties Located in Sharq area facing Al Sour Street opposite to Al Tijaria Tower Al Shaheed Park and it is one of the most spectacular Floors 39 twisted skyscrapers in the world. 8th tallest in Kuwait. A skyscraper with 218 meter height. consisting of 36
Slide 19: Business Overview – Local
BUSINESS OVERVIEW - Local Al Tijaria Key Properties Dome Complex The Complex contains restaurants, cafes and water fountain in the middle area. Future kids joined with a total 2,874 sqm of entertainment. Location Mahboula Retail Space 5,060 sqm No. Of Units 22 BOULEVARD Green Mall stands as a uni
Slide 20: Business Overview – Bahrain
BUSINESS OVERVIEW – Bahrain Al Tijaria Key Properties Symphony Tower – Bahrain The project is positioned next to the Diplomatic area on a 3,856-sq-m site beside the Beit Al Quran. The concrete-framed structure will incorporate 6 car park floors and total of 484 parking slots, 39 typical floors compr
Slide 21: Business Overview – Regional
BUSINESS OVERVIEW - Regional Al Tijaria Regional Portfolio – Partially Owned Bayan Reality - KSA Established in year 2007 as Saudi closed stock company. The company's current share capital is SAR 250 Million. Sale phase already started in March 2024. Total Area (Sqm) 621,150 Residential (Sqm) 297,46
Slide 22: Business Overview – Global
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned 501 First Residence Tower – Miami, USA A residential tower development project strategically located in heart of Downtown Miami, USA, at a walking distance from area’s finest culinary and entertainment options. Dominion Park ,
Slide 23: Section 3: ESG
SECTION 3 ESG Al Tijaria Presentation 1Q2025 21 of 25
Slide 24: Al Tijaria's ESG Milestone
Al Tijaria’s ESG Milestone By 1Q25, Al-Tijaria Group invested KWD 25.5 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 25: Snapshot on Al-Tijaria Share Performance
Snapshot on Al-Tijaria Share Performance fils/shr 1Q24 2024 1Q25 Average Price 114 137 176 Cash Dividends * 4 4 3 Bonus Shares % 2 2 3 Dividend Yld. % 3% 2.9% 1.7% Cap. Gain / Loss% 15% 38% 54% Overall Return / Loss ** 19% 40.5% 55.4% * Actual cash dividends paid for the respective year based on pre
Slide 26: Q&A Thank you
Q&A Thank you Al Tijaria Presentation 1Q2025 24 of 24
Slide 27: For Further Information Please Contact the Investor Relations Unit
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
The Commercial Real Estate Company (Al Tijaria) — Q1 2025 Earnings Presentation on 6ix