Slide 1: Invest in Luxury: Interim Results for Six Months Ended 30 June 2023
INVEST IN LUXURY INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2023
Slide 2: Presenter
PRESENTER Ziad El Chaar “ Dar Global crafts exceptional lifestyle and investment opportunities through luxury homes for Global Citizens. Our ambition is to become a top 50 global real estate developer. Chief Executive Officer 2 D A R G L O B A L | I N V E S T I N L U X U R Y
Slide 3: Agenda
AGENDA • Overview • Business performance & financial highlights • Project spotlight & upcoming milestones 3 D A R G L O B A L | I N V E S T I N L U X U R Y
Slide 4: Dar Global at a Glance
DARGLOBAL AT A GLANCE 8 Global sales offices Projects under development in 6 locations 4 D A R G L O B A L | I N V E S T I N L U X U R Y
Slide 5: Dar Global at a Glance
DARGLOBAL AT A GLANCE DUBAI OMAN SPAIN Launched: 1,156 Units Launched: 368 Units Launched: 53 Units Launched GDV: US$1,017 million Launched GDV: US$411 million Launched GDV: US$307 million QATAR LONDON BOSNIA Launched: 303 Units Launched: 1 Penthouse Launched : 476 Units Launched GDV: US$361 million
Slide 6: What Makes Us Unique?
WHAT MAKES US UNIQUE? Focus on second / vacation homes in prime locations Target affluent segment of global citizens 8 SALES OFFICES 100+ SALES PROFESSIONALS 11 BROKERS IN Partnerships with Capital light business global luxury brands 63 model enables rapid underpin scaling and differentiated product
Slide 7: Significant Progress Made Since IPO in February 2023
SIGNIFICANT PROGRESS MADE SINCE IPO IN FEBRUARY 2023 28th FEB 22nd MAR 29th MAR 03rd APR APR 2023 MAY 2023 30th MAY LAUNCHED LAUNCHED DOHA MARBELLA c. US$200M TERM LISTING LAUNCHED US$2.4BN PARTNERSHIP WITH SALES OFFICE SALES OFFICE LOAN SECURED ON THE LSE DG1 IN DUBAI AIDA IN OMAN DOLCE & GABBANA E
Slide 8: Significant Progress Made Since IPO in February 2023
SIGNIFICANT PROGRESS MADE SINCE IPO IN FEBRUARY 2023 MAY 2023 21st JUN 15th JUL 30th AUG 05th SEP SEP 2023 28th SEP DUBAI LAUNCHED LAUNCHED OH SO LAUNCHED MAREA, MUSCAT SALES FIRST INTERIM LAUNCHED SALES OFFICE TIERRA VIVA WITH CLOSE INTERIORS BY OFFICE RESULTS 8-MIN-TO-CENTRAL ESTABLISHED LAMBORGHI
Slide 9: Business Performance & Financial Highlights
BUSINESS PERFORMANCE & FINANCIAL HIGHLIGHTS 9 D A R G L O B A L | I N V E S T I N L U X U R Y
Slide 10: Business Performance
BUSINESS PERFORMANCE Projects under development across Total sales value = US$ 839 million London, Dubai, Muscat, Doha, and (17% of Total GDV1 and 38% of Marbella in under 2 years of operation launched GDV1) US$ 2.2 billion of Strong customer NAV = US$ 400 million (2) GDV launched by (1) demand with
Slide 11: Financial Highlights
FINANCIAL HIGHLIGHTS EXCEPTIONAL REVENUE GROWTH HEALTHY EBITDA MARGIN US$108m Revenue(1) 20.8% EBITDA margin US$22.5m EBITDA +294% Year-on-year growth +281% Year-on-year growth A STRONG BALANCE SHEET WITH LIQUIDITY SIGNIFICANT INCREASE IN PROFIT TO PURSUE OPPORTUNISTIC GROWTH US$20.8m Profit before
Slide 12: Market Trends: Dubai
MARKET TRENDS DUBAI The prime residential market remains strong +11.6%(1) price increase in Q2 2023 (annualised rate of +48.8%) Follows record +44%(1) price increase in 2022 UAE government incentives for foreign investment in property(2) 1 Source: Dubai Residential Market Review Summer 2023 2 0% Pro
Slide 13: Market Trends: Qatar
MARKET TRENDS QATAR A stable economy with one of the highest per capita GDP in the world Increasing international interest post successful FIFA World Cup Government incentives towards investments and second homes(1) 1 Lifetime residence visa and free healthcare and education with investments over US
Slide 14: Market Trends: Oman
MARKET TRENDS OMAN Steady growth in the residential market in recent years Land prices up by +15%(1) year over year Price of residential units up +6%(1) year over year Lifetime residence visa with 100% freehold ownership for all property 1 Data for Q2 2023, when compared to Q2 2022 as per the Nation
Slide 15: Market Trends: London
MARKET TRENDS LONDON House prices down -5.7%(1) in H1 2023 as Bank of England rate up to 5.25%(2) Prime central London prices only down -0.5%(3) with > 50% homes mortgage free(4) Macro-economic uncertainty persists with high inflation and interest rates deterring investments 1 Cumulative with Q1 dow
Slide 16: Market Trends: South of Spain - Costa del Sol
MARKET TRENDS SOUTH OF SPAIN - COSTA DEL SOL Buyer appetite remains strong 45% are cash-buyers(1) 70% of homes purchased by international buyers(2) 1 According to Malaga Property Observatory, OMAU 2 As per Spain’s Notaries’ Association 16 D A R G L O B A L | I N V E S T I N L U X U R Y
Slide 17: Current Trading & Outlook
CURRENT TRADING & OUTLOOK Dar Global continues executing Dar Global is Strong on an aggressive pipeline of positioned for performance in development projects steady growth the first half of 2023 (projects launched post 30 June ‘23) as it confidently Marea, Interiors by Mission unveiled navigates an
Slide 18: Current Trading & Outlook
CURRENT TRADING & OUTLOOK As contracted off-plan sales Solid balance We explore fresh continue its current pace and sheet and opportunities across construction commences on business international markets, our projects in Oman, Qatar performance and Spain as planned provides a platform for diversifyi
Slide 19: Project Spotlight & Upcoming Milestones
PROJECT SPOTLIGHT & UPCOMING MILESTONES 19 D A R G L O B A L | I N V E S T I N L U X U R Y
Slide 20: AIDA
AIDA A master plan with golf course, club house, residential units and hotels Total GDV: US$ 2,404 million Launched GDV: US$ 411 million Launched Units: 368 Units Sold: 115(1) Value Sold: 14%(2) 65% of sales achieved outside of Oman across 26 nationalities. 1 As of 30 June 2023 2 Calculated as a per
Slide 21: Upcoming Milestones
UPCOMING MILESTONES We continue to diversify Building out our our product offering fashion and hospitality with new formats across partnership portfolio residential and hospitality sectors. to more exclusive heights. Our future expansion Construction milestones will focus on the London market and ov
Slide 22: Summary
SUMMARY Solid H1 performance with a Milestone period following IPO with significant increase in revenue and 6 projects launched in 6 months profit year-over-year A strong balance sheet and liquidity Full year 2023 performance to be in-line position provide a platform for with management expectations
Slide 23: darglobal.co.uk
NARGLOBAL darglobal.co.uk
Slide 24: Our Offices
OUR OFFICES LONDON, UK DUBAI, UAE MUSCAT, OMAN DOHA, QATAR 50 Hans Crescent, Jumeirah Emirates Towers Royal Opera House Muscat Malibu Building, Knightsbridge, London, 30th Floor, Sheikh Zayed Road. Shatti Al Qurum, Muscat, Lusail Entertainment City, SW1X 0NA, United Kingdom PO Box 2523, Dubai, Sult
Slide 25: Disclaimer
DISCLAIMER THIS PRESENTATION AND ITS CONTENTS ARE STRICTLY CONFIDENTIAL AND ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN VIOLATION OF THE RELEVAN
Slide 26: Disclaimer
DISCLAIMER The Information contains statistics, data and other information relating to markets, market sizes, market shares, market positions and other industry data pertaining to the Company’s business and markets. Unless otherwise indicated, such information is based on the Company’s analysis of m