Eshraq Investments P.j.s.c · ADX:ESHRAQ
Eshraq Investments P.j.s.c — Q3 2024 Earnings Presentation
15 slides from Eshraq Investments P.j.s.c's earnings presentation, November 2024
Slide 1: Q3 2024 Business Review
cal ESHRAQ | ——— Q3 2024 Business Review
Slide 2: Disclaimer
DISCLAIMER No statement in this document is intended to be nor may be construed as a profit forecast. Any statements made in this document which could be classed a “forward- looking” are based upon various assumptions, including management’s examination of historical operating trends, data contained
Slide 3: Q3 2024: Financial and Operational Highlights
Q3 2024: FINANCIAL AND OPERATIONAL HIGHLIGHTS Strong improvement in profitability with progress on refreshed strategy Operational Good progress on new strategy, Strategic exits of investment actively evaluating direct Private Healthy occupancy in Real Estate positions within the Goldilocks assets, w
Slide 4: Recap: Future Eshraq
RECAP: FUTURE ESHRAQ Under its refreshed strategy, Eshraq will have control of its destiny by focusing on directly-held Private Equity investments complemented by cash generation from minority equity stakes, Real Estate and prudent liquidity management. Status Quo Eshraq Future Eshraq Real Estate, P
Slide 5: Recap: Spotlight on Strategic Pillars
RECAP: SPOTLIGHT ON STRATEGIC PILLARS 1 Sourcing & Screening Transaction Structuring Value Realization Core Business ⦁ Lever activation ⦁ Ensure quality deal flow ⦁ Attractive valuation 1 Direct Private Equity exposure ⦁ Optimize screening process ⦁ Value lever identification ⦁ Capable management ⦁
Slide 6: Strategic Shift to Long-Term Growth Through Private Equity
STRATEGIC SHIFT TO LONG-TERM GROWTH THROUGH PRIVATE EQUITY Eshraq targets investing into 1-2 high-growth businesses per-year, with a medium-term objective of yielding attractive cash flows as assets mature and become ready to exit. Good progress in building Private Equity capabilities Targeted activ
Slide 7: Portfolio Growth to Be Complemented by Income-Generating Assets
PORTFOLIO GROWTH TO BE COMPLEMENTED BY INCOME-GENERATING ASSETS In support of liquidity management to enable growth of the core Private Equity portfolio, Eshraq will selectively invest in assets that offer reliable cash flows that stabilise earnings and support its operations. Good progress in inves
Slide 8: Transition Plans for Legacy Assets: Real Estate
TRANSITION PLANS FOR LEGACY ASSETS: REAL ESTATE Eshraq will execute a transition plan for its existing Real Estate portfolio and is in the process of creating a Real Estate Development Fund to generate stable rental revenue and develop future assets Eshraq is executing a detailed multi-step plan to
Slide 9: Q3 2024 Financial Review
cal ESHRAQ | ——— Q3 2024 Financial Review
Slide 10: Q3 2024: Significant Progress
Q3 2024: SIGNIFICANT PROGRESS Q3 ‘24 gross profit from commercial operations of AED 2.8 million Q3 ‘24 finance income up 64% year-on-year Q3 ‘24 profit for the period of AED 6.7 million AED (‘000) AED (‘000) AED (‘000) +64% YoY +91% 3,921 2,439 QoQ 2,265 2,918 2,959 2,824 1,796 1,487 3,517 6,726 (83
Slide 11: Q3 2024: Real Estate Performance
Q3 2024: REAL ESTATE PERFORMANCE Real Estate assets Q3 2024 financial performance (AED ‘000) Marina Rise Q3 2023 Q3 2024 Revenue 3,413 3,725 Profit/(loss) 2,424 2,634 Q3 2024 Real Estate financial and strategic highlights Commercial Real Estate operations Gross profit from commercial operations Heal
Slide 12: Q3 2024: Goldilocks Fund Performance
Q3 2024: GOLDILOCKS FUND PERFORMANCE Fund’s performance1 in Q3 2024 improved following strategic exits Q3 2024 Goldilocks investment breakdown - top three holdings from certain investment positions AED (‘000) % of portfolio % of portfolio 1,337 Investment QoQ Q3 2024* Q2 2024** 1,036 1,038 1,044 Tha
Slide 13: Improved Value of Goldilocks Fund in Q3 2024
IMPROVED VALUE OF GOLDILOCKS FUND IN Q3 2024 Reduction in the number of investments within the Goldilocks Fund from 19 in FY 2023 to 12 in Q3 2024. Goldilocks Fund valuation movement from FY 2023 to Q3 2024 19 14 15 12 Investments Investments Investments Investments 1,337 6 AED million 1,036 1,038 1
Slide 14: Summary of Historical Financial Performance
SUMMARY OF HISTORICAL FINANCIAL PERFORMANCE AED ‘000 Q3 2024 Q3 2023 FY2023 FY2022 FY2021 FY2020 Revenue from commercial operations 4,005 6,931 31,612 41,015 26,216 18,082 Direct Costs (1,181) (3,010) (11,163) (15,861) (12,825) (11,033) Gross profit from commercial operations 2,824 3,921 20,449 25,1
Slide 15: Thank you
Thank you Media Enquiries Investor Enquiries Teneo IR Eshraq@teneo.com IR@eshraquae.com
Eshraq Investments P.J.S.C. — Q3 2024 Earnings Presentation on 6ix