Mair Group - P.J.S.C. · ADX:MAIR
Mair Group - P.J.S.C — Q1 2025 Earnings Presentation
23 slides from Mair Group - P.J.S.C's earnings presentation, May 2025
Slide 1: MAIR Group PJSC Earnings Presentation Q1 2025
MAIR GROUP PJSC EARNINGS PRESENTATION Q1 2025 MAY 2025 MAIR Group Integrated Report 2024 1
Slide 2: Cautionary Statements Regarding Forward-Looking Information
Disclaimer Page CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION This presentation has been prepared by MAIR Group (“MAIR”) and may include information that has not been reviewed or verified by the Group’s auditors. The data presented is based on sources considered reliable; however, MAIR
Slide 3: Agenda
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Appendix
Slide 4: We Are MAIR
WE ARE MAIR MAIR Group is a strategic investment company based in Abu Dhabi. The Group focuses on driving purposeful growth across its diverse portfolio to elevate the economic and social well-being of the UAE. Our ambition is to enrich the UAE’s communities by building robust economic ecosystems in
Slide 5: Our Scope of Work
Our Scope of Work ENRICHING LIVES We are redefining the grocery retail experience – blending our deep-rooted cooperative legacy with innovation in stores, digital platforms, and private brands. Through ADCOOP and our strategic partnership with SPAR, we serve communities across the UAE with accessibl
Slide 6: Our Journey 1977-2009
Our Journey 1977-2001 FOUNDATIONAL YEARS AND MARKET LEADERSHIP MAIR Group’s origins date back to 1977 with the establishment of Al Dhafra Cooperative Society, followed by Abu Dhabi Cooperative Society (currently ADCOOP) in 1981, and later other cooperatives formed the beginnings of the Group, markin
Slide 7: Our Journey 2023-2025 Continued
Our Journey 2023-2025 Continued STRATEGIC TRANSFORMATION AND CONSOLIDATION • Government-Led Consolidation (2023): The • Listing on ADX (2024): A landmark moment in Department of Economic Development (DED) MAIR Group’s journey, the listing on initiated the merger of Al Ain Cooperative Abu Dhabi Secur
Slide 8: Operational Highlights
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Appendix
Slide 9: Our Portfolio Q1 2025
OUR PORTFOLIO Q1 2025 Revamping core retail portfolio by modernizing stores to enhance value & customer journey Grocery Retail Commercial Real Estate Number of Stores Fresh Sales Contribution Malls & Community Hubs Occupancy Rate 106 19% 70+ 92% Average Daily Transactions Average Daily Transactions
Slide 10: Accelerating Retail Transformation
ACCELERATING RETAIL TRANSFORMATION Ongoing Store Rebranding Program 20 stores 80 stores Rebranded in Q1 Completed 2025 by June 2025 10
Slide 11: Key Projects Real Estate Pipeline
KEY PROJECTS REAL ESTATE PIPELINE Strategic Real Estate Expansion Underway Develop new community centers in Real Estate significant investment in areas targeted by retail new developments Souq Al Jami’ Khalidiya Garden Shakhbout Render Oud Al Muteena Render H1 H2 09 2025 2025 2026 New Malls 1. Souq
Slide 12: Financial Highlights
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Appendix
Slide 13: Q1 2025 Financial Highlights
Q1 2025 FINANCIAL HIGHLIGHTS Sales Moderation as ADCOOP Rebranding Begins REVENUE D 540Mn RETAIL LFL WHOLESALE REAL ESTATE MAKANI -9% YOY -5%YOY -14% YOY 8% YOY Solid Profitability, Strong Cash Flow, and Full Debt Repayment EBITDA1 REPORTED NET PROFIT UNDERLYING NET PROFIT GROWTH2 EBTIDA D 75Mn D 52
Slide 14: Underlying Net Profit (AED Mn)
UNDERLYING NET PROFIT ( D Mn ) Underlying Growth Driven by Operational Efficiency and Lower Financing Costs 69.5 +41% 15.0 51.5 (15.6) 25.7 36.5 (43.1) Q1'24 Reported Profit from Profit from Merger Expense Q1'24 Underlying Operational Q1'25 Reported Net Profit Discontinued sale of asset Net Profit P
Slide 15: Cash Flow (AED Mn)
CASH FLOW ( D Mn ) Strong Operating Cash Flows Enable Full Deleveraging MAIR Group has been generating healthy cash flows and will continue to reinvest in its businesses to drive growth Opening Cash2 504 Cash Flow Statement Q1’25 Q1’24 Cash from 195 Cash from Operating activities before changes in w
Slide 16: Investment Case
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Appendix
Slide 17: Why Invest in Us?
Investment Case WHY INVEST 1. EXPANDING 2. A DIVERSIFIED AND 3. STRONG PORTFOLIO IN IN US ? OPPORTUNITIES IN A SCALABLEBUSINESS GROCERY RETAIL AND HIGH-GROWTH MARKET MODEL REAL ESTATE MAIR Group leverages a MAIR Group is well-positioned to benefit from the UAE’s strong economy, growing The Group ope
Slide 18: Appendix
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Appendix
Slide 19: Share Performance
Millions 10.00 12.00 14.00 16.00 0.00 2.00 4.00 6.00 8.00 1/4/2025 1/7/2025 1/10/2025 JAN 3.45 1/13/2025 Investor Relations 1/16/2025 1/19/2025 1/22/2025 1/25/2025 * ADTV stands for Average Daily Traded Volume (AED) 1/28/2025 1/31/2025 FEB 1.76 2/3/2025 2/6/2025 2/9/2025 SHARE PERFORMANCE 2/12/2025
Slide 20: Consolidated Statement of Profit or Loss
CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the Quarter Ended 31 March 2025 2025 2024 AED’000 AED’000 (unreviewed) (unaudited) (unaudited) Continuing operations Revenue from contracts with customers (retail) 486,685 541,157 Rental revenue 53,255 50,950 Other revenue - 1,174 ––––––––– ––––––––– Tota
Slide 21: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 31 March 2025 31 March 31 December 31 March 31 December 2025 2024 2025 2024 AED’000 AED’000 AED’000 AED’000 (unaudited) (audited) (unaudited) (audited) ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property and equipment 843,480 825,307 Sh
Slide 22: Consolidated Statement of Cash Flow
CONSOLIDATED STATEMENT OF CASH FLOW For the Quarter Ended 31 March 2025 31-Mar-25 31-Mar-24 AED’000 AED’000 Cash flows from operating activities Net profit for the year 51,536 69,537 P&L Adjustments: Depreciation and Amortisation 30,110 32,232 Other P&L Adjustments 7,692 (51,179) 89,338 50,590 Chang
Slide 23: mairgroup.com
Mina Zayed, Mina Centre, Abu Dhabi, United Arab Emirates 800 MAIRAE 624723 MAIRGROUP.COM MAIR Group Integrated Report 2024 23