Talaat Moustafa Group Holding · EGX:TMGH
Talaat Moustafa — FY2021 Earnings Presentation
20 slides from Talaat Moustafa's earnings presentation, March 2022
Slide 1: FY2021 Update
FY2021 UPDATE FEBRUARY / MARCH 2022 TMG Holding S.A.E. .م.م.ﻣﺠﻤﻮﻋﺔ ﻃﻠﻌﺖ ﻣﺼﻄﻔﻰ اﻟﻘﺎﺑﻀﺔ ش ( +20 2 3331 2000 Publicly held since 2007 34/36 Mossadek St., Dokki اﻟﺪﻗﻲ، ﺷﺎرع ﻣﺼﺪق٣٤/٣٦ IR@tmg.com.eg EGX: TMGH.CA / TMGH EY ﻣﺼﺮ،اﻟﺠﻴﺰة Giza, Egypt www.talaatmoustafa.com
Slide 2: About TMG Holding
About TMG Holding Talaat Moustafa Group Holding (TMG Holding) a leading conglomerate with special emphasis on developing integrated communities, including but not limited to mixed-use real estate and hospitality projects across Egypt’s key cities. It has an Market capitalization (as of February 2022
Slide 3: Snapshot of expected FY2021 financial KPIs
Snapshot of expected FY2021 financial KPIs Continous strength of TMG’s financial results and profitability is a solid testimony to the robustness of management’s business strategy and well-executed long-term Recurring 21.1% 4% 2% vision, yielding strong inprovements in profitability during FY2021 7%
Slide 4: Total net sales FY2021 were the highest in the company's history
Total net sales FY2021 were the highest in the company’s history New Sales [EGPbn] 32.4 Impressive real estate sales results in Madinaty, Noor, Celia and Al Rehab cities booked continuously from 2017 are the best testimony of the adequacy of management’s long-term vision and its diligent CAGR (2009-
Slide 5: Investment themes important to consider right now
Investment themes that are important to consider right now when discussing TMG potential, deep inherent value in its stock and the abundance of positive catalysts on the horizon Solid financial and operational performance of TMG during transformational years 2020/2021 confirms management’s ability t
Slide 6: Total net sales FY2021 were the highest in the company's history
Total net sales FY2021 were the highest in the company’s history Total net sales FY2021 reached a whopping EGP32.4bn, the highest in Egypt’s recent Sales value by project (FY2021) [EGPmn/%] history, providing a strong testimony to management’s ability to address existing 2,026 / 6% 352 / 1% deep dem
Slide 7: Noor launch – unprecedented success in the history of the Group
Noor launch – unprecedented success in the history of the Group and Egyptian real estate market Noor sales reached a record EGP15bn in just three weeks during the June launch, achieving the highest sales in a launch for a real estate developer in Egypt, figure increased to EGP18.5bn by year-end. We
Slide 8: Remarkable performance of the online sales platform
Remarkable performance of the online sales platform Online sales platform delivers remarkable performance Online sales FY2021 Online sales originating from over during its first weeks of operation. EGP1.98bn 20 countries Upon the launch of Noor, in swift recognition of new emerging trends in commerc
Slide 9: Continuing to build our recurring income portfolio: the Spine
Continuing to build our recurring income portfolio: the Spine 2+MN SQM LAND AREA 3.7MN SQM TOTAL BUA Project comprehensive of high quality residential and non-residential, amenities and green open-spaces The Spine is a fully integrated project in the heart of Madinaty. It will provide the city with
Slide 10: Continuing to build our recurring income portfolio: the Spine
Continuing to build our recurring income portfolio: the Spine The Spine is planned to be a destination hub, similarly to the point of attractions in the most developed cities globally The master plan of the Spine encompasses an easily accessible, integrated, high quality mix of residential, offices,
Slide 11: Remarkable recovery in hospitality division across all properties
Remarkable recovery in hospitality division across all properties, Sharm El Sheikh shines ahead of the extension opening on 1 March 2022, FS Nile Plaza leads the portfolio in FY2021 All four operating hotels are profit-making during FY2021, month of October EBITDA recovery – Hospitality portfolio de
Slide 12: Strong EBITDA recovery in hospitality segment during FY2021
Strong EBITDA recovery in hospitality segment during FY2021 EBITDA recovery - FS Nile Plaza (Cairo) EBITDA recovery - FS Sharm El Sheikh EBITDA recovery - Consolidated 200 182 120 111 400 372 90 300 150 60 200 EGPmn EGPmn EGPmn 100 30 111 70 100 0 50 -30 0 8 -21 0 -60 -38 -47 -100 2020 ( actual) 202
Slide 13: Favourable outlook ahead of launch of FS Sharm El Sheikh expansion
Remarkable performance, hinting a favourable outlook ahead of the launch of FS Sharm El Sheikh expansion Four Seasons Sharm El Sheikh expansion is ready for welcoming new clients Expansion on 909k square meters, bringing the total project area to nearly 1.1mn sqm With 200 keys currently served and a
Slide 14: New leasing deal signed for Open Air mall
New leasing deal signed for Open Air mall, bringing 13 unique and high-demand brands. Visible improvement in retail / club revenues and sales during FY2021, growth in new membership sales Club revenues 10k sqm in Open Air Mall leased in a single high-value deal 700 Signed the biggest retail deal in
Slide 15: Open Air Mall: new buildings opened to the public in 2021
Open Air Mall: new buildings opened to the public in 2021 Revenues 100 6% 3% 6% Open Air Mall 4% 1% 1% 4% Revenues 80 8% +89.8% y-o-y Building C 60 Revenue Building D contribution FY20 Building E 40 Building F Building G 20 Building R 95% Projected TOR 2021 43.2 82.0 72% Speciality Leasing 2020 2021
Slide 16: Investment land bank valued at EGP112.6bn (net)
Investment land bank valued at EGP112.6bn (net) Independent valuation prices a small chunk of TMG’s land bank at a whopping Investment land value EGP112.6bn In October 2021, we completed an independent review and valuation of a small chunk of our land bank (some 9.5mn sqm) representing raw investmen
Slide 17: Over EGP16bn of liquidity generated through strategic transactions
Over EGP16bn of liquidity generated through strategic transactions Massive liquidity unlocked since mid-2020 through innovative transactions with prominent financial institutions 1 Strategic alliance with First Design Company Starting 2020, TMG Holding’s management was also focused on unlocking new
Slide 18: TMG at a glance
TMG at a glance [TMGH.CA/TMGH EY] as at end-FY2021 MENA’s leading developer(1) over 120k+ units delivered 1,071 operational hotel #1 Egyptian RE developer over 100k / 6.7k units sold rooms by market cap (since inception) (since inception / FY2021) Highest cumulative deliveries by a 877 rooms under 5
Slide 19: Focused on corporate responsibility
Focused on corporate responsibility BUILDING SUSTAINABLE ENABLING ECONOMIC FOCUSED ON SOCIAL IMPACT § Shariah compliant – no exposure to alcohol sales or COMMUNITIES GROWTH gambling § Building sustainable communities focused on improving life-quality of an average citizen, with access to good- As a
Slide 20: Thank you
ll. TMG | Thank you
Talaat Moustafa Group Holding — FY2021 Earnings Presentation on 6ix