Mabanee Company (sakc) · KSE:MABANEE

Mabanee Company (sakc) — Mabanee Company — Q2 2023 Earnings Presentation

33 slides from Mabanee Company (sakc)'s earnings presentation, August 2023

  1. Slide 1: Q2-2023 Results Presentation

    Q2-2023 Results Presentation Period Ended 30 June 2023 August 2023

  2. Slide 2: Disclaimer/Forward Looking Statements

    Disclaimer/Forward Looking Statements The information set out in this presentation and provided in the discussion subsequent thereto does not constitute an offer, an agreement, or a solicitation of an offer to buy or sell securities. It is solely for use at an investor presentation and is provided a

  3. Slide 3: Performance highlight 6M-23

    Performance highlight 6M-23  Revenue KD 61.38 Mn. +15.20% Strong Group performance  EBITDA KD 45.88 Mn. +13.97%  Net Profit KD 31.74 Mn. +6.68%  Continued commitment to executing our strategies.  Improved footfall and stable occupancy rates. Business Highlights  Efficiency in under-development

  4. Slide 4: The Avenues Kuwait

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  5. Slide 5: The Avenues-Kuwait

    The Avenues-Kuwait Footfall recovery The Avenues Occupancy 96.3% to pre-pandemic levels rates 96.0% Asset Class Super Regional 120% 99% Mall 100% 93% 94.7% 78% 80% 94% Ownership 100% 59% 60% 93% Operator Mabanee 40% Built-up area 1,300,000 sqm 20% 0% GLA 360,000 sqm 2020 2021 2022 6M-2023 2019 2020

  6. Slide 6: Hilton Garden Inn Kuwait

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  7. Slide 7: Hilton Garden Inn-Kuwait

    Hilton Garden Inn-Kuwait Asset Class 4-Stars Hotel Ownership 100% Operator Hilton Group Built-up area 35,000 sqm No. of Keys 385 keys Opened January 2020  Hotel RevPAR for 6M-23 increased by 14.58% vs. 6M-22  6M-23 occupancy rate at 41.47% vs. 35.8% 6M-22  Performance mainly driven by transient b

  8. Slide 8: Waldorf Astoria Kuwait

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  9. Slide 9: Waldorf Astoria-Kuwait

    Waldorf Astoria-Kuwait Asset Class 5-Stars Hotel Ownership 100% Operator Hilton Group Built-up area 47,800 sqm No. of Keys 200 keys  A five-star luxury business and leisure hotel connected to the south Opened December side of The Avenues through the Prestige District. 2022  6M-23 occupancy rate at

  10. Slide 10: Aventura

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  11. Slide 11: Aventura (PPP-J3)-Kuwait

    Aventura (PPP-J3)-Kuwait Asset Class PPP (Residential City + Mall) Ownership 35% Operator Mabanee Mall Built-up area 295,000 sqm Mall GLA 108,200 sqm  Modern architectural design in a community feel, with several facilities Residential 65,510 sqm Built-up area and services including parks, schools,

  12. Slide 12: Mabanee Q2-2023

    Mabanee 12 Q2-2023

  13. Slide 13: Souk Sabah (PPP-S3)-Kuwait

    Souk Sabah (PPP-S3)-Kuwait Asset Class PPP (Mall + Hotel) Ownership 100% Operator Mabanee/Hilton Group Built-up area 85,000 sqm  Selected as the “preferred investor” for the S3 Sabah Al Ahmad Investment Opportunity GLA 23,200 sqm from The Public Authority for Housing Welfare (PAHW). Hotel 110 Keys

  14. Slide 14: Bahrain

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  15. Slide 15: The Avenues-Bahrain

    The Avenues-Bahrain The Avenues Occupancy 97% Footfall recovery rates 95.5% to pre-pandemic levels Asset Class Regional Mall 140% 92.5% 119% 120% 100% 100% 90% Ownership 35% 75% 89% 80% 60% 58% Operator Mabanee 40% Built-up area 136,000 sqm 20% 0% GLA 42,000 sqm 2020 2021 2022 6M-2023 2019 2020 2021

  16. Slide 16: The Avenues-Bahrain (West Expansion)

    The Avenues-Bahrain (West Expansion) Asset Class Regional Mall Ownership 35% Operator Mabanee Built-up area 115,870 sqm GLA 42,000 sqm Expected Q2 completion 2024  An extension of the west part of The Avenues - Bahrain.  West Expansion will result in an increase to the total Avenues-Bahrain’s proj

  17. Slide 17: Hilton Garden Inn Bahrain

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  18. Slide 18: Hilton Garden Inn-Bahrain

    Hilton Garden Inn-Bahrain Asset Class 4-Stars Hotel Ownership 35% Operator Hilton Group Built-up area 23,500 sqm No. of Keys 192 keys Opened July 2021  Located in the heart of Bahrain Bay and directly connected to The Avenues - Bahrain.  Hotel’s RevPAR for the 6M-23 increased by 15% compared to 6M

  19. Slide 19: Riyadh

    the place to be RIYADH ,yal_ayll mabanee i Q2-2023

  20. Slide 20: The Avenues-Riyadh

    The Avenues-Riyadh Asset Class Mixed use (Super regional Mall+ 5 towers) Ownership 60% Operator Mabanee/Hilton Group Built-up area 1,800,000 sqm  Highly desirable location at the intersection of King Salman Road and King Fahad Mall GLA 370,000 sqm Causeway. Expected Q1 Completion 2026  On-site con

  21. Slide 21: Khobar

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  22. Slide 22: The Avenues-Khobar

    The Avenues-Khobar Asset Class Mixed use (Super regional Mall+ 2 towers) Ownership 60% Operator Mabanee/Hilton Group/Four Seasons Built-up area 696,000 sqm  New development project by Mabanee in Khobar area, Eastern Province of Mall GLA 169,000 sqm Saudi Arabia. Expected Q4  Enabling and bulk exca

  23. Slide 23: Financial Highlights/Performance

    Financial Highlights/Performance Mabanee 23 Q2-2023

  24. Slide 24: Profitability Indicators

    Profitability Indicators Net Profit KD Mn Net Profit Margin % 6.68% 31.74 29.76 -9.22% -7.39% 57.31 55.85 52.03 51.72 4.23% 15.24 15.88 3M-22 3M-23 6M-22 6M-23 3M-22 3M-23 6M-22 6M-23  Operationally stable performance at The Avenues Kuwait EBITDA KD Mn 13.97% where there is work in progress on the

  25. Slide 25: Profitability Indicators

    Profitability Indicators Return on Average Assets % Return on Average Equity % 0.41% -1.69% 5.50 5.52 11.18 10.99 -1.90% -3.96% 2.82 2.76 5.72 5.50 3M-22 3M-23 6M-22 6M-23 3M-22 3M-23 6M-22 6M-23  The returns are in line with the growing asset and equity base Mabanee 25 Q2-2023

  26. Slide 26: Performance Ratios-The Group

    Performance Ratios-The Group Revenue KD Mn Operating Expense KD Mn 15.20% 31.43% 61.38 15.80 53.28 12.02 14.81% 39.70% 30.53 8.02 26.59 5.74 3M-22 3M-23 6M-22 6M-23 3M-22 3M-23 6M-22 6M-23  Revenues have risen from The Avenues Kuwait along with Operating Margin % Waldorf Astoria’s performance. The

  27. Slide 27: Performance Ratios-The Avenues

    Performance Ratios-The Avenues Revenue KD Mn Operating Expense KD Mn 4.95% 3.33% 50.97 53.49 9.73 10.05 4.63% 7.91% 25.62 26.80 5.48 5.08 3M-22 3M-23 6M-22 6M-23 3M-22 3M-23 6M-22 6M-23  Margins have remained flat at a time of increased land lease Operating Margin % payments of The Avenues Kuwait a

  28. Slide 28: Performance Ratios-Hospitality

    Performance Ratios-Hospitality Revenue KD Mn Operating Expense KD Mn 198.97% 268.07% 5.52 7.63 241.28% 323.56% 2.66 3.60 1.85 2.07 0.78 0.85 3M-22 3M-23 6M-22 6M-23 3M-22 3M-23 6M-22 6M-23 Operating Margin %  Higher revenue is mainly on account of better RevPAR and 152.66% 219.58% ADR driven by the

  29. Slide 29: Mabanee Q2-2023

    Mabanee 29 Q2-2023

  30. Slide 30: Consolidated Statement of Income

    Consolidated Statement of Income Mabanee 30 Q2-2023

  31. Slide 31: Consolidated Statement of Financial Position

    Consolidated Statement of Financial Position Mabanee 31 Q2-2023

  32. Slide 32: Q&A

    Q&A Mabanee 32 Q2-2023

  33. Slide 33: Thank You

    Thank You MABANEE COMPANY K.P.S.C P.O. Box 5132 Safat 113052 Kuwait Q 4965222 444 29 a vA EX investorsrelations@mabanee.com 17 TradingView ? REUTERS yahoo! Bloomberg nance G) www.mabanee.com _{in) Mabanee Company @mabaneeco MABANEE MABK.KW MABANEE.KW MABANEE KK

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