Dar Al Arkan Real Estate Development Co. · TADAWUL:4300
Dar Al Arkan Real Estate Development — Q2 2022 Earnings Presentation
29 slides from Dar Al Arkan Real Estate Development's earnings presentation, 2022
Slide 1: Dar Al Arkan
DAR AL ARKAN uL_GNi jla
Slide 2: Investor Presentation Q2 2022
Investor Presentation Q2 2022 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. Appendix 22 3
Slide 4: Macro Economic Overview & KSA Real Estate Market
MACRO ECONOMIC OVERVIEW 1| & KSA REAL ESTATE MARKET 4
Slide 5: 2021 saw a return to growth that has accelerated in 2022
Macroeconomic Overview 2021 saw a return to growth that has accelerated in 2022 GDP Growth to Accelerate Deficit Turns to Surplus Average Brent Oil Prices in 2022 in 2022 140 8.0% 6% 122.71 7.4% 120 6.0% 3% 2.5% 100 1.1% 71 4.0% 4% 0% 0.8% 80 71 3.2% 3.5% 64 2019 2020 2021E 2022F 2023F 2024F 54 2.0%
Slide 6: The strong long-term fundamentals of the market remain intact
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) Total population 35.8 million Population growth of 1.6% per year. Chronic under supply of residential ho
Slide 7: Residential deals rose 27% YoY to SAR 13.15 billion
KSA Real Estate Sector Overview Residential deals rose 27% year-on-year (YoY) to SAR 13.15 billion and value of Commercial deals increased by 60% YoY to SAR 8.87 billion 450 410 380 360 321 140.1 122.5 270 110.1 249 224 209 193 180 166 79.7 99.1 166 159 71.1 131 61.1 63.7 270.0 38.9 43.7 257.2 38.0
Slide 8: The Real Estate Price Index continues its positive momentum YoY in Q2 2022
KSA Real Estate Sector Overview The Real Estate Price Index continues its positive momentum YoY in Q2 2022 with Plots leading the way KSA Real Estate Price Index (YoY) KSA Real Estate Price Index (QoQ) 1.2% 0.9% 1.0% 0.9% 0.5% 0.5% 0.9% 0.3% 0.7% 0.5% 0.1% 0.6% 0.0% -0.1% 0.0% 0.4% 0.4% -0.6% -0.5%
Slide 9: Key Business Indicators Overview
KEY BUSINESS INDICATORS 2| OVERVIEW 9
Slide 10: Q2 2022 – Key Business Indicators
Q2 2022 – Key Business Indicators Investment In Revenues (LTM) 86.6% EBITDA (LTM) 54.8% Development Properties (LTM) 3% SAR 3,668 mn SAR 1,199 mn SAR 1,662 mn (Q2 2021 : SAR 2,010 mn) (Q2 2021 : SAR 771 mn) (Q2 2021 : SAR 2,695 mn) Gross Debt/ Cash And Bank Book Value Per Share Capitalization SAR 4,
Slide 11: Dar Al Arkan Real Estate Assets
Dar Al Arkan Real Estate Assets DAAR’s Real Estate assets portfolio at cost is SAR 19.56 bn. DAAR has a strong pipeline of projects across the Kingdom, UAE and Europe totaling 13.0 mn sqm. Real Estate Properties Break up - SAR bn Total Land Area - SQM 57% 33% Project Lands & Shams Ar Properties,
Slide 12: Financial Performance Overview
FINANCIAL PERFORMANCE 3| OVERVIEW 12
Slide 13: Financial Performance – Q2 2022 Profitability
Financial Performance – Q2 2022 Profitability 1,800 Quarterly Revenues (SAR mn) Gross Profit (SAR mn) & Margin (%) 45% 1,619 600 563 1,600 40% 27 41% 19 1,400 500 40% 35% 37% 37% 36% 36% 1,200 35% 35% 30% 34% 400 1,000 775 25% 555 595 678 268 800 496 568 1,592 300 245 20% 464 391 205 208 217 544 197
Slide 14: Financial Performance – Q2 2022 Cash Flow
Financial Performance – Q2 2022 Cash Flow Cash Flow – Q2 2022 (SAR mn) Income / Sources of Cash Uses of Cash / Expenses 7,000 634 2,014 6,000 450 145 5 678 40 5,000 44 4,000 3,000 5,034 4,636 2,000 1,000 - Starting Cash Revenue New Debt Working Capital Investment in Debt Opex Investment in Maintenan
Slide 15: Financial Performance – Q2 2022 Debt
Financial Performance – Q2 2022 Debt 12,000 Gross Debt Vs Net Debt (SAR mn) 40% Debt* / Capitalization 10,369 10,304 10,224 9,774 10,061 9,980 10,000 9,468 9,387 35% 35% 35% 35% 34% 7,823 30% 33% 33% 8,000 4,932 4,549 4,299 4,393 5,884 4,153 29% 5,486 5,034 6,000 20% 4,636 19% 20% 19% 19% 18% 4,000
Slide 16: Overview of Assets Portfolio
OVERVIEW OF ASSETS 4| PORTFOLIO 16
Slide 17: Shams Ar Riyadh – Key Facts
Residential & Commercial Development Projects 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 from
Slide 18: Residential & Commercial Development Projects
Residential & Commercial Development Projects Eastern Province Projects Urban Oasis Tower, Bosnia Projects Jeddah Projects Dubai - The site is situated in Ravne, Vareš, - Shams Al Arous is a master-planned, - Juman project is strategically located - The Urban Oasis Tower is located in 38 km outside
Slide 19: Residential & Commercial Development Projects
Residential & Commercial Development Projects Dar Al Arkan Pagani Tower, Dubai W Residences, Dubai Aida, Oman - The Dar Al Arkan Pagani Tower is a residential - The W Residences is a residential building in one of - In Dec 2021, Dar Al Arkan signed an MOU building in Downtown Dubai with interiors th
Slide 20: Residential & Commercial Development Projects
Residential & Commercial Development Projects Parisiana South Naeem Al Jiwar Buraidah Hills Dar Al Mashaer - Located within the - Located in Buraidah city of Al- - Located in holy city of Mecca on the - Located in Riyadh city and boundary of the Prophet’s Qassim province, Buraidah Hills Al Aziziyah
Slide 21: Leasing Properties Portfolio
Leasing Properties Portfolio Al-Qasr Mall, Riyadh Land Area 61,949 m² Built up Area 220,202m² Gross Leasable Area 75,714 m² No. of floors 3 Leasable Floors plus two parking Parking 1,579 Parking Spaces Latest Activity: 89% occupancy achieved. Ice-Skating Rink and Ninja Obstacle Course along with
Slide 22: Appendix
APPENDIX 5| 22
Slide 23: Appendix I – Statement of Financial Position
Appendix I – Statement of Financial Position SAR in 000s FY 2019 FY 2020 FY 2021 Q2 2021 Q2 2022 Investment properties, net 1,651,357 1,519,116 1,110,414 1,131,123 1,091,780 Long-term development properties 16,895,604 18,246,583 19,285,287 18,787,130 18,299,050 Property and equipment, net 79,765 72,
Slide 24: Appendix II – Statement of Profit or Loss
Appendix II – Statement of Profit or Loss SAR in 000s FY 2020 FY 2021 H1 2021 H1 2022 Q2 2021 Q2 2022 Revenue 1,944,854 2,493,078 1,122,600 2,297,287 567,764 677,948 Cost of revenue (1,270,204) (1,596,350) (710,332) (1,489,014) (360,035) (432,454) Gross profit 674,650 896,728 412,268 808,273 207,729
Slide 25: Appendix III – Statement of Cash Flows
Appendix III – Statement of Cash Flows SAR in 000s FY 2019 FY 2020 FY 2021 H1 2021 H1 2022 Profit before Zakat 312,389 19,379 135,442 52,266 458,907 Adjustments for: Depreciation & Amortization 55,653 56,237 48,905 25,183 22,866 Provision for expected credit losses 2,000 2,516 4,453 1,939 0 End of s
Slide 26: 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 27: 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
Slide 28: 28
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Slide 29: Thank you
Investor Relations Thank you Riyadh – Saudi Arabia Tel: +966 11 206 9888 Ext:1680 ir@alarkan.com 29
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