Seera Holding Group · TADAWUL:1810
Seera — 2Q 2024 Earnings Presentation
32 slides from Seera's earnings presentation, May 2024
Slide 1: Investor Presentation
Investor Presentation Focus on portfolio monetization and shareholder returns Seera Investor Presentation | 2Q 2024 1
Slide 2: Contents
Contents Group Overview and Strategy 03 1H 2024 Financial Overview 07 Business Segment Updates 12 New Investments 28 Seera Investor Presentation | 2Q 2024 2
Slide 3: Group Overview and Strategy
Group Overview and Strategy Seera Investor Presentation | 2Q 2024 3
Slide 4: Strategy Pillars
Seera Group: driving the future driven by portfolio monetization and shareholder returns Strategy Pillars 2024+ Operate as an engaged investor and steward of companies, governing 2019-2023 • Monetizing portfolio with strong influence and • Successful assets through various expertise restructuring of
Slide 5: Seera Group continues to unlock value for shareholders through a growing and unique portfolio
Seera Group continues to unlock value for shareholders through a growing and unique portfolio that retains core holdings CENTRAL Travel Platform Car Rental UK-based Travel Hospitality Investments Investment Portfolio Non-strategic, Strategic / Non- Strategic, Core Strategic, Core Strategic, Non-core
Slide 6: Capital allocation strategy focused on maximizing free cash flow per share
Capital allocation strategy focused on maximizing free cash flow per share Deleveraging New investment Share buy-back the balance sheet Opportunities program Minimize balance sheet debt Target opportunities offering Execute a share buy-back and prioritize financial stability at least a 15% Internal
Slide 7: 1H 2024 Financial Overview
1H 2024 Financial Overview Seera Investor Presentation | 2Q 2024 7
Slide 8: Strong financial results driven by growing booking volumes and revenues
Strong financial results driven by growing booking volumes and revenues, leading to bottom-line expansion and improved returns Key Highlights: Net Booking Value 1H 2024 NBV composition (%) Revenue 1H 2024 < < Hospitality 1.6% Other 2.7% 7,332 2,106 • NBV growth driven by expansion Car Rental in all
Slide 9: Financial results benefited from increased travel demand and improvements in key business segments
Financial results benefited from increased travel demand and improvements in key business segments YoY % YoY % SAR Mn 1H 2024 1H 2023 2Q 2024 2Q 2023 Change Change EBITDA (SAR Mn) 1H 2024 Net booking value 7,332 5,878 +25% 3,898 3,241 +20% +16% Revenue 2,106 1,473 +43% 1,028 716 +43% +14% 416 482 Co
Slide 10: Strong balance sheet and prudent borrowing strategy proven by conservative debt levels
Strong balance sheet and prudent borrowing strategy proven by conservative debt levels SAR Mn 2Q 2024 1Q 2024 QoQ % Change Net Debt / Equity (x) 2Q 2024 Property, plant & equipment 5,336 5,444 -2% 0.19 0.18 0.17 0.16 Assets under construction and development 551 506 +9% 0.02 Investments 661 681 -3%
Slide 11: Improved cash position in 1H 2024 driven by strong operational cash flows
Improved cash position in 1H 2024 driven by strong operational cash flows and strategic investment disposals SAR Mn 1H 2024 1H 2023 YoY % Change Cash & Cash Equivalents Movement (SAR Mn) 1H 2024 Profit for the period 131 124 +6% +23% Depreciation 229 193 +19% Net book value of vehicles disposed 235
Slide 12: Business Segment Updates
Business Segment Updates Seera Investor Presentation | 2Q 2024 12
Slide 13: Almosafer Travel Platform
Almosafer Travel Platform Seera Investor Presentation | 2Q 2024 13
Slide 14: Almosafer leverages an asset-light and scalable business model
Almosafer leverages an asset-light and scalable business model serving tourist flows across the Saudi travel ecosystem Destination Consumer Travel Business Travel Hajj & Umrah Online Distribution Management B2C | Leisure & Religious | B2B | Business | B2B | Religious | B2B | Leisure & MICE | B2B | L
Slide 15: Almosafer Travel Platform: financial performance
Almosafer Travel Platform: financial performance Revenue (SAR Mn) 1H 2024 Gross Profit (SAR Mn) 1H 2024 +21% +49% 527 +19% 313 +74% 259 324 355 168 Almosafer is Saudi Arabia’s Leading Travel 141 Company characterized by an asset-light and 186 scalable business model that serves tourism flows across
Slide 16: Almosafer Travel Platform: NBV by segments
Almosafer Travel Platform: NBV by segments NBV composition (%) 1H 2024 Consumer Travel (SAR Mn) 1H 2024 Business Travel (SAR Mn) 1H 2024 Hajj & Umrah 6.7% +26% Online Distribution 4.5% Destination Mgmt +28% 2,913 1,201 -77% 2.2% 2,311 Business -83% 1,707 643 Travel 7.4% Consumer 1,337 Travel 110 274
Slide 17: Almosafer Travel Platform: revenue by segments
Almosafer Travel Platform: revenue by segments Revenue composition (%) 1H 2024 Consumer Travel (SAR Mn) 1H 2024 Business Travel (SAR Mn) 1H 2024 Online Distribution 0.6% +60% Hajj & Umrah 276 57 -28% 27.4% +69% Consumer -40% 41 162 172 Travel 32 52.4% 95 19 Destination Mgmt 11.8% Business Travel 7.8
Slide 18: Almosafer Travel Platform: business performance metrics
Almosafer Travel Platform: business performance metrics Destination Consumer Travel Business Travel Hajj & Umrah Online Distribution Management Flight Segments (Mn) Flight Segments1 (Th) Top Inbound Source Markets Top Inbound Source Markets Flight Segments (Th) +34% +22% +133% 1.7 34.9 81.3 1.3 28.5
Slide 19: Driving Almosafer's growth: strategic adaptations in response to market changes
Driving Almosafer’s growth: strategic adaptations in response to market changes 2021-2023 2024F 2025F 2027F Performance Guidance Previous guidance New guidance (SAR Mn) SAR 7.2 – 7.6 billion SAR 12 billion +48% CAGR Net booking value Net booking value 7,608 6,127 Net Booking -5% - 0% SAR 10 billion
Slide 20: Almosafer Travel Platform: growth drivers by each business line
Almosafer Travel Platform: growth drivers by each business line • Organically grow sales by scaling core products (flights and hotels) in existing markets, expanding further in Qatar, scaling and adding new products, and utilizing Whatsapp as a new sales channel to support growth Consumer Travel • M
Slide 21: Other Business Segments
21 Other Business Segments Seera Investor Presentation | 2Q 2024
Slide 22: Car Rental: financial performance
Car Rental: financial performance Revenue (SAR Mn) 1H 2024 Gross profit (SAR Mn) 1H 2024 +21% +49% 745 209 +55% +22% 173 500 360 95 78 233 2Q 23 2Q 24 1H 23 1H 24 2Q 23 2Q 24 1H 23 1H 24 • Lumi Rental Company is a leading car Operating expenses (SAR Mn) 1H 2024 EBITDA (SAR Mn) 1H 2024 rental and lea
Slide 23: Car Rental: business performance metrics
Car Rental: business performance metrics Revenue (SAR Mn) 1H 2024 Fleet size (th vehicles) 1H 2024 +29% +49% +1% 745 -1% +55% 500 33 34 34 260 360 26 232 172 229 21 23 23 134 16 173 89 114 81 256 12 11 11 113 155 10 62 • The Kingdom's top vehicle rental and 2Q 23 2Q 24 1H 23 1H 24 2Q 23 4Q 23 1Q 24
Slide 24: UK-based Travel Investment: financial performance
UK-based Travel Investment: financial performance Revenue (SAR Mn) 1H 2024 Gross profit (SAR Mn) 1H 2024 +41% +88% 681 284 +39% +84% 484 136 151 289 • Portman Travel Group encompasses some 208 74 of the most well-established travel brands in UK and Europe travel sector, including Clarity , Elegant R
Slide 25: UK-based Travel Investment: business performance metrics
UK-based Travel Investment: business performance metrics Net booking value (SAR Mn) 1H 2024 Three business lines: - Business Travel (Clarity) Sports Travel - Luxury Leisure Travel (Elegant Resort) 418 +40% Business - Sport Travel (Destination Sports Group) vs 1H 2023 Luxury Leisure Travel 2,593 Trav
Slide 26: Hospitality: financial performance
Hospitality: financial performance Revenue (SAR Mn) 1H 2024 Gross profit (SAR Mn) 1H 2024 +16% +24% -9% 114 61 98 49 -12% 65 59 39 34 2Q 23 2Q 24 1H 23 1H 24 2Q 23 2Q 24 1H 23 1H 24 • Eight hotels, including Sheraton Jabal Al Operating expenses (SAR Mn) 1H 2024 EBITDA (SAR Mn) 1H 2024 Kaaba (Makkah)
Slide 27: Hospitality: business performance metrics
Hospitality: business performance metrics 2Q 2024 Room Nights 66.0k +3% Sold vs 2Q 2023 Operational 2,283 No changes Room Keys vs 2Q 2023 Revenue Per SAR 434 +6% Available Room vs 2Q 2023 Occupancy 75% +2 ppts vs 2Q 2023 Average SAR 577 +2% Daily Rate vs 2Q 2023 Seera Investor Presentation | 2Q 2024
Slide 28: New Investments
New Investments Seera Investor Presentation | 2Q 2024 28
Slide 29: Kayanat Central business park (1/2)
Kayanat Central business park (1/2) Seera Group is the primary investor in a Kayanat is located in the northern region of Riyadh at the private real estate fund to develop the Intersection of Abu Bakr Al Siddiq and Anas Bin Malik Kayanat Central business park strategically roads, with access to othe
Slide 30: Kayanat Central business park (2/2)
Kayanat Central business park (2/2) Kayanat is being built on 100,000 SQM as Land Use Overview Offices an integrated mixed-use development incorporating offices, retail and hotel Offices - Retail components Mosque Retail 100,000 Hotel Land Area (SQM) 350,000+ • Completed development of Expected Built-up A
Slide 31: Seera Investor Relations
Seera Investor Relations investors@seera.sa Seera Investor Presentation | 2Q 2024
Slide 32: Disclaimer
Disclaimer All information included in this document is for general use only and has not been independently verified, nor does it constitute or form part of any invitation or inducement to engage in any investment activity, nor does it constitute an offer or invitation or recommendation to buy or su