Seera Holding Group · TADAWUL:1810
Seera — Q1 2025 Earnings Presentation
25 slides from Seera's earnings presentation, May 19, 2025
Slide 1: Earnings Presentation 1Q 2025
Earnings Presentation 1Q 2025 Seera Earnings Presentation | 19/05/2025 1
Slide 2: Growth in booking volumes, revenue and EBITDA
Growth in booking volumes, revenue and EBITDA 1Q 2025 Highlights: Net Booking Value 1Q 2025 NBV composition (%) Revenue 1Q 2025 < < Hospitality 1.7% Other 0.5% 3,551 1,104 • 3% NBV growth YoY driven by Car Rental robust performance in the 11.6% hospitality segment, Almosafer ¥ Mn Travel ¥ Mn and Lum
Slide 3: 1Q 2025 in Review
1Q 2025 in Review Seera Earnings Presentation | 19/05/2025 3
Slide 4: Steady financial performance with positive growth in all segments
Steady financial performance with positive growth in all segments ¥ Mn 1Q 2025 1Q 2024 YoY % Change Adj. EBITDA (¥ Mn) 1Q 2025 Net booking value 3,551 3,433 +3% +6% Revenue 1,104 1,078 +2% 237 250 Gross profit 472 460 +3% Operating expenses (372) (352) +6% Operating profit 88 112 -21% EBITDA 247 237
Slide 5: Group NBV and revenue growth in 1Q 2025 driven by healthy demand across key segments
Group NBV and revenue growth in 1Q 2025 driven by healthy demand across key segments Net Booking Value (¥ Mn) 1Q 2025 Revenue (¥ Mn) 1Q 2025 +3% +2% 3,433 3,551 1,078 1,104 1Q 24 1Q 25 1Q 24 1Q 25 Seera Earnings Presentation | 19/05/2025 5
Slide 6: Operating costs outpaced revenue in 1Q 2025, mainly driven by fixed costs
Operating costs outpaced revenue in 1Q 2025, mainly driven by fixed costs Operating Expenses (¥ Mn) 1Q 2025 Total Selling Expenses Movement YoY (¥ Mn) 1Q 2025 +6% +4% 372 132 4 5 1 137 352 (6) +6% -19% +29% +9% 1Q 24 Employee Advertising Sales Other 1Q 25 235 benefits commission 220 & incentives Tot
Slide 7: Balance sheet expansion driven by receivables growth and disciplined borrowing strategy
Balance sheet expansion driven by receivables growth and disciplined borrowing strategy ¥ Mn 1Q 2025 4Q 2024 QoQ % Change Net Debt / Equity (x) 1Q 2025 Property, plant & equipment 5,121 5,089 +1% Assets under construction and development 505 501 +1% 0.17 0.17 0.16 Investments 425 484 -12% 0.15 0.14
Slide 8: Healthy cash position driven by strong operational cash flows and strategic investment and asset disposals
Healthy cash position driven by strong operational cash flows and strategic investment and asset disposals ¥ Mn 1Q 2025 1Q 2024 YoY % Change Cash & Cash Equivalents Movement (¥ Mn) 1Q 2025 Profit for the period 53 61 -12% -19% Depreciation 133 109 +22% 691 159 Net book value of vehicles disposed 116
Slide 9: Business Segments
Business Segments Seera Earnings Presentation | 19/05/2025 9
Slide 10: NBV and revenue growth recorded in all business segment
NBV and revenue growth recorded in all business segment Net Booking Value Movement YoY (¥ Mn) 1Q 2025 Revenue Movement YoY (¥ Mn) 1Q 2025 +3% +2% 3,433 135 33 27 6 3,551 1,078 2 32 27 6 1,104 (84) (41) +8% +2% +7% +11% -82% +1% +8% +7% +11% -94% Net Booking Value - Total Contribution YoY (¥ Mn) 1Q 2
Slide 11: Gross profit and EBITDA outpaced revenue with higher margins YoY
Gross profit and EBITDA outpaced revenue with higher margins YoY Gross Profit Movement YoY (¥ Mn) 1Q 2025 EBITDA Movement YoY (¥ Mn) 1Q 2025 +3% +4% 460 2 12 7 10 472 237 30 26 1 247 (19) (24) (24) +2% +8% +6% +39% -72% -65% +604% +16% +7% NM Gross Profit Contribution YoY (¥ Mn) 1Q 2025 EBITDA - Tot
Slide 12: Segment Overview
Segment Overview Seera Earnings Presentation | 19/05/2025 12
Slide 13: Almosafer Travel Platform: financial performance
Almosafer Travel Platform: financial performance Revenue (¥ Mn) 1Q 2025 Adj. EBITDA (¥ Mn) 1Q 2025 +1% 203 206 +264% 18 Almosafer is Saudi Arabia’s Leading Travel Company characterized by an asset-light and 5 scalable business model that serves tourism flows across the Saudi travel ecosystem i.e. B2
Slide 14: Almosafer Travel Platform: NBV by segments
Almosafer Travel Platform: NBV by segments NBV composition (%) 1Q 2025 Consumer Travel (¥ Mn) 1Q 2025 Business Travel (¥ Mn) 1Q 2025 Hajj & Umrah 2.8% +15% -4% Destination Mgmt Distribution 5.3% 1,391 164 158 2.2% 1,206 Business Travel 9.1% Consumer Travel 80.6% 1Q 24 1Q 25 1Q 24 1Q 25 Distribution
Slide 15: Almosafer Travel Platform: revenue and take rates by segments
Almosafer Travel Platform: revenue and take rates by segments Revenue composition (%) 1Q 2025 Consumer Travel (¥ Mn) 1Q 2025 Business Travel (¥ Mn) 1Q 2025 Hajj & Umrah 7.9% Online Distribution 0.9% 9.5%. 9.5%. 13.4%. 14.2%. +16% Destination +2% Mgmt 16.1% 132 114 22 Consumer 22 Travel Business 64.2
Slide 16: Almosafer Travel Platform: business performance metrics
Almosafer Travel Platform: business performance metrics Destination Consumer Travel Business Travel Hajj & Umrah Distribution Management Flight Segments (Mn) Flight Segments1 (Th) Top Source Markets Top Inbound Source Markets Flight Segments (Th) +5% +27% -7% 1.4 1.5 28.6 36.2 84.9 78.9 0.5 0.5 7.4
Slide 17: Car Rental: financial performance
Car Rental: financial performance Revenue (¥ Mn) 1Q 2025 Gross profit (¥ Mn) 1Q 2025 +7% +6% 384 412 113 120 1Q 24 1Q 25 1Q 24 1Q 25 • Lumi Rental Company is a leading car Operating expenses (¥ Mn) 1Q 2025 EBITDA (¥ Mn) 1Q 2025 rental and lease provider in the Kingdom +8% +16% of Saudi Arabia. 38 19
Slide 18: Car Rental: business performance metrics
Car Rental: business performance metrics Revenue (¥ Mn) 1Q 2025 Fleet size (th vehicles) 1Q 2025 +7% +3% 384 412 34 35 127 167 23 24 115 126 142 119 11 11 • The Kingdom's top vehicle rental and 1Q 24 1Q 25 1Q 24 1Q 25 leasing business Used Car Sales Rental Lease Rental Lease Cash flow, operations (¥
Slide 19: UK-based Travel Investment: financial performance
UK-based Travel Investment: financial performance Revenue (¥ Mn) 1Q 2025 EBITDA (¥ Mn) 1Q 2025 30.2%. 31.8%. 36 -65% +8% 392 424 • Portman Travel Group encompasses some 13 of the most well-established travel brands in UK and Europe travel sector, including Clarity , Elegant Resorts and Destination 1
Slide 20: UK-based Travel Investment: business performance metrics
UK-based Travel Investment: business performance metrics Net booking value (¥ Mn) 1Q 2025 Three business lines: - Business Travel (Clarity) Sports Travel - Luxury Leisure Travel (Elegant Resort) 239 Business - Sport Travel (Destination Sports Group) +12% vs 1Q 2024 1,334 Travel 1.2M Number of busine
Slide 21: Hospitality: financial performance
Hospitality: financial performance Revenue (¥ Mn) 1Q 2025 Gross profit (¥ Mn) 1Q 2025 +11% +39% 61 37 55 26 1Q 24 1Q 25 1Q 24 1Q 25 • Seven hotels, including Sheraton Jabal Al Operating expenses (¥ Mn) 1Q 2025 EBITDA (¥ Mn) 1Q 2025 Kaaba (Makkah), three unbranded Makkah +7% properties, and three CHO
Slide 22: Hospitality: business performance metrics
Hospitality: business performance metrics 1Q 2025 Room Nights 69.7k -0.1% Sold vs 1Q 2024 Operational 2,283 No changes Room Keys vs 1Q 2024 Revenue Per ¥ 435 +14% Available Room vs 1Q 2024 Occupancy 79% -0.5 ppts vs 1Q 2024 Average ¥ 554 +15% Daily Rate vs 1Q 2024 Seera Earnings Presentation | 19/05
Slide 23: Q&A
Q&A Seera Earnings Presentation | 19/05/2025 23
Slide 24: Seera Investor Relations
Seera Investor Relations investors@seera.sa Seera IR website Seera Earnings Presentation | 19/05/2025
Slide 25: Disclaimer
Disclaimer All information included in this document is for general use only and has not been independently verified, nor does it constitute or form part of any invitation or inducement to engage in any investment activity, nor does it constitute an offer or invitation or recommendation to buy or su