Amer Group Holding · EGX:AMER
Amer — Investor Presentation (January 2013)
58 slides from Amer's investor presentation, January 2013
Slide 1: Investor Presentation January 2013
Investor Presentation January 2013
Slide 2: Disclaimer
Disclaimer You must read the following before continuing. This presentation has been prepared by the Investor Relations, Corporate Finance and Management of Amer Group Holding Company S.A.E. (the “Company”) solely for information purpose to Research Analysts / Institutional Investors. The presentati
Slide 3: Current Shareholding Structure & Market Cap
Current Shareholding Structure & Market Cap Rated as the highest trading stock in Egypt in 2011 As of 31st December 2012 the total market cap. was EGP2.06 billion (Share Price: EGP 0.64 X 3039 million shares) Amer Group‟s Shareholding Structure Amer Wakf Mohamed Fineby SOL Global Mansour Ltd El-
Slide 4: Group Overview
Group Overview Private and Confidential: For personal use only and not for distribution or copying
Slide 5: Amer Group: Master of Local Brands
Amer Group: Master of Local Brands Real Estate New Ventures Malls Restaurants Hotels 5 operational 10 Ongoing projects GLA of 52,087 sqm CSR 4 operational Hotels with 919 keys 53 outlets Projects‟ Total Land Area (9,696 seats) 7.5 mn sqm 4 Private and Confidential: For personal use only and not for
Slide 6: Porto World Completed Projects Profiles
Porto World Completed Projects Profiles Private and Confidential: For personal use only and not for distribution or copying
Slide 7: Porto Marina: January 2005
Porto Marina January 2005 Within 6 Months … 6 Private and Confidential: For personal use only and not for distribution or copying
Slide 8: Porto Marina: 24/7 Non-Stop Construction
Porto Marina: 24/7 Non-Stop Construction June 2005 7 Private and Confidential: For personal use only and not for distribution or copying
Slide 9: Porto Marina … 1 Year Later
Porto Marina … 1 Year Later June El Alamein, Egypt 2006 Key Facts & Figures Land Area (m2) 68,000 Hotel Keys (no. of Rooms) 379 Total BUA (m2) 179,779 Total Licensed Residential Units 1,076 Residential BUA (m2) 115,966 Total Built Residential Units 1,076 Commercial BUA (m2) 17,737 Total Sold Residen
Slide 10: Porto Marina Golf: In the beginning, it was a quarry
Porto Marina Golf In the beginning, it was simply a quarry June 2006 9 Private and Confidential: For personal use only and not for distribution or copying
Slide 11: Porto Marina Golf: 6 Months Later
Porto Marina Golf Golf Course Underway 6 Months Later 10 Private and Confidential: For personal use only and not for distribution or copying
Slide 12: Porto Marina Golf: The Destination is Complete
Porto Marina Golf The Destination is Complete 18 Months Later Key Facts & Figures As planned Land Area (m2) 1,820,609 Hotel Keys (no. of Rooms) 144 Total BUA (m2) 895,562 Total Licensed Residential Units 12,000 Residential BUA (m2) 865,898 Total Built Residential Units 4,723 Commercial BUA (m2) 8,48
Slide 13: Porto Sokhna
Porto Sokhna Time to experience the beauty of the Red Sea Mountains 2007 12 Private and Confidential: For personal use only and not for distribution or copying
Slide 14: Porto Sokhna: A Lifestyle Landmark was Born
Porto Sokhna A Lifestyle Landmark was Born Ain Sokhna, Egypt 2009 Key Facts & Figures As planned Land Area (m2) 151,244 Hotel Keys (no. of Rooms) 94 Total BUA (m2) 367,306 Total Licensed Residential Units 1,637 Residential BUA (m2) 254,217 Total Built Residential Units 1,637 Commercial BUA (m2) 21,4
Slide 15: Golf Porto Sokhna
Golf Porto Sokhna Ain Sokhna, Egypt Key Facts & Figures As planned Land Area (m2) 2,174,969 Hotel Keys (no. of Rooms) 300 Total BUA (m2) 643,373 Total Licensed Residential Units 5,168 Residential BUA (m2) 569,152 Total Built Residential Units 3,831 Commercial BUA (m2) 17,078 Total Sold Residential U
Slide 16: Porto Tartous
Porto Tartous Our First Project in Syria Tartous, Syria Key Facts & Figures As planned Land Area (m2) 186,000 Hotel Keys (no. of Rooms) 258 Total BUA (m2) 511,500 Total Licensed Residential Units 3,050 Residential BUA (m2) 371,500 Total Built Residential Units - Commercial BUA (m2) 137,331 Total Sol
Slide 17: The Porto World Concept
The Porto World Concept In 2005, Amer Group created Porto World: the first branded real estate concept in the region With a Clear Consumer Perception 16 Private and Confidential: For personal use only and not for distribution or copying
Slide 18: Porto World's Core Menu
Porto World‟s Core Menu 17 Private and Confidential: For personal use only and not for distribution or copying
Slide 19: The Porto World Concept … Applied in Different Locations
The Porto World Concept … Applied in Different Locations At the Seaside? Yacht Marina In the mountains? Cable Car In the Desert? Golf or Aqua Porto 18 Private and Confidential: For personal use only and not for distribution or copying
Slide 20: Porto World's Success Continues: Upcoming Projects
Porto World’s Success Continues Upcoming Projects… Private and Confidential: For personal use only and not for distribution or copying
Slide 21: Porto Marina Residence
Porto Marina Residence Key Facts & Figures As planned Land Area (m2) 18,000 Hotel Keys (no. of Rooms) - Total BUA (m2) 79,800 Total Licensed Residential Units 520 Residential BUA (m2) 42,600 Total Built Residential Units 416 Commercial BUA (m2) 8,500 Total Sold Residential Units* 163 Others BUA (m2)
Slide 22: Porto South Beach
Porto South Beach 90% of the residential units were sold in the first two weeks of June 2010 Key Facts & Figures As planned Land Area (m2) 245,980 Hotel Keys (no. of Rooms) & H. Apartments (1x2) 590 Total BUA (m2) 155,700 Total Licensed Residential Units 590 Residential BUA (m2) 42,500 Total Built R
Slide 23: Porto Cairo Mall
Porto Cairo Mall Key Facts & Figures As planned Land Area (m2) 38,277 Hotel Keys (no. of Rooms) - Total BUA (m2) 72,719 Total Licensed Commercial Units 645 Residential BUA (m2) - Total Licensed Office space (m2) 3,000 Commercial BUA (m2) 41,902 Total Sold Commercial Units* 636 Others (Parking) BUA (
Slide 24: Porto Cairo Villas
Porto Cairo Villas Key Facts & Figures As planned Land Area (m2) 88,175 Hotel Keys (no. of Rooms) - Total BUA (m2) 43,455 Total Licensed Residential Units 85 Residential BUA (m2) 41,455 Total Built Residential Units 70 Commercial BUA (m2) - Total Sold Residential Units* 79 Others BUA (m2) - Total Pr
Slide 25: Porto Cairo Medical Centre
Porto Cairo Medical Centre Key Facts & Figures As planned Land Area (m2) 11,300 Hotel Keys (no. of Rooms) - Total BUA (m2) 14,313 Total Licensed Units 135 Residential BUA (m2) - Total Built Units Under construction Commercial BUA (m2) 10,031 Total Sold Units* 103 Others BUA (Parking & Roof) (m2) 3,7
Slide 26: Porto Matrouh
Porto Matrouh Cleopatra’s Favorite Beach Key Facts & Figures As planned Land Area (m2) 338,985 Hotel Keys (no. of Rooms) & PVC 1,185 Total BUA (m2) 190,800 Total Licensed Residential Units (1x2) 1,485 Residential BUA (m2) 81,000 Total Built Residential Units Under construction Commercial BUA (m2) 3,
Slide 27: Porto Sharm
Porto Sharm Key Facts & Figures As planned Land Area (m2) 648,392 Hotel Keys (no. of Rooms) 154 Total BUA (m2) 442,424 Total Residential Units (2 keys/unit) 3,087 Residential BUA (m2) ( 370,440 Total Built Residential Units - Commercial BUA (m2) 53, 214 Total Sold Residential Units (1x2) 1,007 Other
Slide 28: Porto Pyramids
Porto Pyramids View of the Giza Pyramids Key Facts & Figures Land Area (m2) 101,980 Hotel Keys (no. of Rooms) - Total BUA (m2) 135,433 Total Licensed Residential Units 910 Residential BUA (m2) 99,371 Total Built Residential Units - Commercial BUA (m2) 28,850 Total Sold Residential Units* - Others (P
Slide 29: Porto New Cairo
Porto New Cairo Key Facts & Figures As planned Land Area (m2) 54,549 Hotel Keys (no. of Rooms) - Total BUA (m2) 209,326 Total Licensed Residential Units 545 Residential BUA (m2) 87,209 Total Built Residential Units - Commercial BUA (m2) 60,175 Total Sold Residential Units* - Others (Offices) BUA (m2
Slide 30: Porto October
Porto October Key Facts & Figures As planned Land Area (m2) 1,381,000 52 Total BUA (m2) 607,145 Total Licensed Residential Units 2,195 Residential BUA (m2) 350,472 Total Built Residential Units - Commercial BUA (m2) 140,885 Total Sold Residential Units* - Others (Schools, Clubs & Hotel) 115,788 Tota
Slide 31: Porto Islands Sokhna
Porto Islands Sokhna Key Facts & Figures As per initial business plan Land Area (m2) 200,000 Hotel Keys (no. of Rooms) 50 Total BUA (m2) 132,000 Total Licensed Residential Units - Residential BUA (m2) 119,000 Total Built Residential Units - Commercial BUA (m2) 8,000 Total Sold Residential Units* - O
Slide 32: Restaurants
Restaurants Private and Confidential: For personal use only and not for distribution or copying
Slide 33: Amer Restaurants Brands
Amer Restaurants Brands As of 31st December 2012, Amer Group has 53 casual dining outlets and six brands. 32 Private and Confidential: For personal use only and not for distribution or copying
Slide 34: Overview of Amer Restaurants
Overview of Amer Restaurants Number Number Revenues Av. Spent / Name Launch of Outlets of Seats Brand description Ownership Person (EGP) 9M 2012 Casual dining 1994 20 4,243 97 83,728,929 Tex-Mex Franchise agreement restaurants Film-themed 100% owned, Amer 1996 10 1,813 132 38,140,206 Mediter
Slide 35: Meeting Point Malls
Meeting Point Malls Private and Confidential: For personal use only and not for distribution or copying
Slide 36: The 'Meeting Point' Concept
The „Meeting Point‟ Concept An entertainment mall development and management business. Each Meeting Point mall mainly consists of food outlets, cinema screens and other entertainment facilities. The remainder consists of retail outlets Meeting Points are positioned more as Entertainment entertai
Slide 37: Malls Portfolio
Malls Portfolio Total GLA 372,837 sqm Under License Porto Porto New Marina Golf Porto Operating Malls Total GLA of 176,950 sqm Cairo GLA 13,068 Marina Total 48% GLA sqm GLA GLA of 52,087 sqm 54,000 8,897 sqm Porto Porto sqm Sokhna 13.3% Pyramids Mega Mall GLA GLA 3,500 22,950 sqm sqm Porto Meeting O
Slide 38: Hotels
Hotels Private and Confidential: For personal use only and not for distribution or copying
Slide 39: Porto World Hotels
Porto World Hotels which targets Egyptian families, acts as a marketing tool for us Currently Porto developments have four operating hotels Existing Hotels (Including Rental Units) Porto Marina 379 keys Our hotel acts as a marketing tool, and Point of Attraction for our destinations Porto Golf M
Slide 40: Investment Highlights & Strategy
Investment Highlights & Strategy Private and Confidential: For personal use only and not for distribution or copying
Slide 41: Financial Benefits of "Porto World"
Financial Benefits of “Porto World” Popularity Increase in Reduced the Anchor for sales of off- Group‟s debts land bank Easy access to plan projects‟ to equity ratio owners land Increase of recurring revenues Higher average prices Reduced marketing Repeated expenses Customer Loyalty Demand for Expan
Slide 42: 1. Track Record of Effective Execution
1. Track Record of Effective Execution We have sold 15,345 units since 2005 16,000 Cumulative sales (units) New Projects (20%) 14,000 Porto Cairo Mall (4%) 12,000 10,000 Porto South Beach (4%) 8,000 Porto Cairo (1%) 6,000 Golf Sokhna (31%) 4,000 2,000 Porto Sokhna (12%) - Golf Marina (42%) 2005 2006
Slide 43: 2. Highly Efficient Integrated Business Model
2. Highly Efficient Integrated Business Model Controlling the Tools to Create Landmark Lifestyle Destinations Maximize Operational Efficiency Provide Operational Flexibility Reduce Operational and Development Costs and Timeline Capacity to Manage Growth Ensure Different Income Streams that Support t
Slide 44: 3. Capital Efficient Business Model
3. Capital Efficient Business Model Our land acquisition process mainly consists of Historical Debt Levels Acquiring govt. owned land by competitive bidding: – Payment on deferred instalments JV model with third parties, which helps in: – Securing land immediately – Profit sharing scheme prevent
Slide 45: 4. Strong Management with Significant Operational Expertise
4. Strong Management with Significant Operational Expertise Mansour Amer Omar Amer Mohamed El Sayed Salah Amer Marketing Strategy Execution Experience Vision / Leadership – Founder, Chairman and CEO – Vice Chairman & Chief – Vice Chairman Audit – Started in real estate Business Development – Previou
Slide 46: 6. Corporate Social Responsibility
6. Corporate Social Responsibility As the existing shareholders have donated 33% of current shares to a charitable trust, the trust will continue supporting the community in the name of Amer Group which reflects its CSR commitment with no burden on other shareholders The first of its kind, an Americ
Slide 47: Group Strategy
Group Strategy Amer Group aims to be a leading family-oriented resort / residential destination, entertainment malls‟ and restaurants‟ developer in the MENA region. Continue to Seeking Expansion Execute Roll-Out Opportunities in Egypt Within MENA Maintaining the Application of Shariah Values Develop
Slide 48: Financial Highlights
Financial Highlights Private and Confidential: For personal use only and not for distribution or copying
Slide 49: Amer Group Vs. Top Listed Property Developers
Amer Group Vs. Top Listed Property Developers Among its peers, Amer Group generated highest Return on Equity in 2011 & Q3 2012 Q3 2012 Amer TMGH SODIC Gross Margin 49% 31% 43% Operating Margin 30% 21% 15% Net Margin 24% 16% 21% Return on Equity 16% 4% 6% Return on Assets 6% 3% 2% Net Debt (EGP mn) 4
Slide 50: Amer Group: Selected Financial Indicators
Amer Group: Selected Financial Indicators We Were Able to Reduce our Outstanding Bank and Land Liabilities 400 338 316 Since the IPO… 300 277 Land Liabilities Bank borrowings were reduced to 200 170 (EGP mn) EGP277 million 100 63 66 Bank Land liabilities were reduced to EGP66 Borrowings 0 (EGP m
Slide 51: Amer Group: Significant Intrinsic Value
Amer Group: Significant Intrinsic Value Hotels, malls & residential units are built by the Company and are reflected on its balance sheet at cost Total Costs Market Value Hotels & Malls 470 Million EGP 809 Million EGP Apartments 805 Billion EGP 1.2 Billion EGP Total 1.033 Billion EGP 2.005 Bil
Slide 52: Amer Group: Post IPO Figures
Amer Group: Post IPO Figures Real Estate Units Sold since IPO: 9,797 Real Estate Unit Sales: New Sales Real Estate Sales since IPO: EGP4.09 billion 2 new destination launched in 2012: • Porto Matrouh • Porto Sharm 4 new destination to be launched in 2013-2014: • Porto October • Porto Pyramids •
Slide 53: Amer Group: Key Financial Information
Amer Group: Key Financial Information Backlog (PVC) Real Estate Total EGP 0.536 billion Land Area 7.5 (recognized over million sqm 10 years) Backlog Inventory Units (Real Estate) EGP 3.582 billion 1,426 worth (recognized over 3 EGP 1.2 billion years) Market Capital of In 2012, sales EGP 2.06 billion
Slide 54: Amer Group Share Price Performance
Amer Group Share Price Performance Rated as the highest trading stock in Egypt in 2011 January 2011 Egypt Revolution 53 Private and Confidential: For personal use only and not for distribution or copying
Slide 55: Amer Group: Recent Coverage
Amer Group: Recent Coverage CI Capital Housing & Real Estate 13 December 2012 CI Capital’s coverage on Amer Group is rated as Overweight considering the recent sales momentum, attractive growth prospects and high 2012 dividend yield of 13%, in contrast to peers. The Group’s plan to further expand in
Slide 56: Performance Post IPO
Performance Post IPO Achieved new Reduced Land sales worth EGP 6 New Portos Liabilities by EGP Yearly Dividends 113 million to EGP 4.09 billion since IPO 49 million Backlog stands at EGP 4.1 billion; EGP 3.582 billion to be Reduced debts to recognized over four 10% Equity year Launched Porto Increas
Slide 57: New Projects Guidance (2012 – 2017)
New Projects Guidance (2012 – 2017) Project Location Land Area m2 BUA m2 Projected Revenue (mn EGP) Porto October 6th October 1,381,000 607,145 5,410 Porto New Cairo New Cairo 54,549 209,326 1,721 Porto Sharm Sharm El 648,392 442,424 2,308 Sheikh Porto Pyramids Giza 101,980 135,433 934 Porto Matrouh
Slide 58: Contact Us …
Contact Us … For Further information please visit our website: www.amer-group.com For Investor Relations Enquiries please contact: IR@amer-group.com Or Director of Investor Relations: Emawgoud@amer-group.com Thank You 57 Private and Confidential: For personal use only and not for distribution or cop
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