Eshraq Investments P.j.s.c · ADX:ESHRAQ
Eshraq Investments P.j.s.c — Eshraq Investments — Q1 2024 Earnings Presentation
9 slides from Eshraq Investments P.j.s.c's earnings presentation, May 2024
Slide 1: Q1 2024 Business Review
cil ESHRAQ | ——— Q1 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: Q1 2024: Financial and Operational Highlights
Q1 2024: FINANCIAL AND OPERATIONAL HIGHLIGHTS A quarter of continued strategic progress Operational Healthy occupancy across Real Strategic exits of investment Re-election of Board of Directors to Estate assets, with average positions within the Goldilocks Fund lead Eshraq’s next phase of portfolio
Slide 4: Q1 2024: Continued Strategic Progress
Q1 2024: CONTINUED STRATEGIC PROGRESS Q1 2024 gross profit from commercial operations of AED 2.9 million Q1 2024 loss for the period of AED 306 million Q1 2024 finance income up 38% year-on-year AED ‘000 AED ‘000 AED ‘000 1,796 8,326 (34,088) 1,302 2,918 (306,051) Q1 2023 Q1 2024 Q1 2023 Q1 2024 Q1
Slide 5: Q1 2024: Real Estate Assets Performance
Q1 2024: REAL ESTATE ASSETS PERFORMANCE Real Estate assets Q1 2024 financial performance (AED ‘000) Marina Rise Q1 2023 Q1 2024 Beans & Pages Q1 2023 Q1 2024 Revenue 3,402 3,733 Revenue 16 16 Profit/(loss) 2,476 2,707 Profit/(loss) (164) (141) Q1 2024 Real Estate financial and strategic highlights C
Slide 6: Q1 2024: Goldilocks Fund Performance
Q1 2024: GOLDILOCKS FUND PERFORMANCE Fund’s performance in Q1 2024 impacted by strategic Sector exposure Q1 2024 Goldilocks investment breakdown - top five holdings exit from certain investment positions Insurance, Others, 3% 8% Investment % of portfolio % of portfolio QoQ 1.84 Financial Q1 2024* Q4
Slide 7: Goldilocks Fund Impacted by Exiting Investment Positions
GOLDILOCKS FUND IMPACTED BY EXITING INVESTMENT POSITIONS Reduction in the number of investments within the Goldilocks Fund from 19 in FY 2023 to 14 in Q1 2024 Goldilocks Valuation Movement from FY2023 to Q1 2024 1,600 1,400 1,337 AED million 1,200 1,036 1,000 (301) 800 600 400 200 Change in value 0
Slide 8: Summary of Historical Financial Performance
SUMMARY OF HISTORICAL FINANCIAL PERFORMANCE FY2023 FY2022 FY2021 FY2020 AED ‘000 AED ‘000 AED ‘000 AED ‘000 Revenue from commercial operations 31,612 41,015 26,216 18,082 Direct Costs (11,163) (15,861) (12,825) (11,033) Gross profit from commercial operations 20,449 25,154 13,391 7,049 Net finance i
Slide 9: Thank you
Thank you Media enquiries Investor enquiries Teneo IR Eshraq@teneo.com IR@eshraquae.com