Commercial Real Estate Co. · KSE:ALTIJARIA
Commercial Real Estate — The Commercial Real Estate Company (Al Tijaria) — FY2023 Earnings Presentation
30 slides from Commercial Real Estate's earnings presentation, Mar 20, 2024
Slide 1: Letter to Boursa Kuwait on analyst conference
ALTUARIA =\_# ‘The Commercial Real Estate Co.nrsc, gtestyfiaNi J a0asy to Date: 20/03/2024 To: Boursa Kuwait Company Dear Sirs, Subject: The Commercial Real Estate Compaw (K.P.S.C) Analyst / Investor Conference Presentation for YE2023 In reference to the above subject, and to ensure that The Commerc
Slide 2: Boursa Kuwait notice (Arabic)
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Slide 3: Investors & Analysts Presentation FY 2023 Financial Results
Investors & Analysts Presentation FY 2023 FINANCIAL RESULTS March 20, 2024
Slide 4: Disclaimer
DISCLAIMER The information set out in this presentation and provided in this 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 as an investor presentation and is provided as information only. This p
Slide 5: Table of Contents
TABLE OF CONTENTS Al Tijaria Business Financial Performance Q&A Overview Overview 1 2 3 4 Al Tijaria Presentation FY2023 3 of 28
Slide 6: Al Tijaria Overview
SECTION 1 AL TIJARIA OVERVIEW Al Tijaria Presentation FY2023 4 of 28
Slide 7: Al Tijaria Overview
AL TIJARIA OVERVIEW More than 21 multi One of the Established in 1968 Geographical Listed in KSE 2004 & is activity properties largest Real Estate and restructured Presence in 16 fully Sharia Compliant in 2000. under Company in Kuwait management Countries Iconic properties : Excellence across Optimu
Slide 8: Al Tijaria Overview - Geographic Presence
AL TIJARIA OVERVIEW Geographic Presence Kuwait Bahrain, KSA, UAE, Oman, Jordan, Morocco, USA, Europe, UK , Turkey Al Tijaria Presentation FY2023 6 of 28
Slide 9: Al Tijaria Overview - Strategic Business Unit
AL TIJARIA OVERVIEW Strategic Business Unit Edara offers property management services to residential and commercial building owners leveraging management vast expertise and industry knowledge in the sector • Edara’ is a business unit of Al Tijaria offering world class property management Experienced
Slide 10: Business Overview
SECTION 2 BUSINESS OVERVIEW Al Tijaria Presentation FY2023 8 of 28
Slide 11: Occupancy Levels
BUSINESS OVERVIEW Rental & Hotel Income (In KD Mn) Aggregate Occupancy % 94% 93% 93% 93% Occupancy Levels 92% 17.99 0.62 2.86 3.48 0.50 92% 1.65 91% 23.61 26.16 26.62 91% 90% 90% 90% 90% FY21 FY22 FY23 89% 89% Rental Income Hotel Income Procceds from Land held for trading FY21 FY22 FY23 Share of pro
Slide 12: Business Overview – Local
BUSINESS OVERVIEW – Local Al Tijaria Key Properties AL MANAR Al-Manar is a residential luxury Complex located on Gulf Road; amenities include swimming pool, gym, tennis court, squash court, 24 hours security, reception equipped to serve tenants and underground parking. Floors 16 Units 87 JUMAN T
Slide 13: Business Overview – Local
BUSINESS OVERVIEW – Local Al Tijaria Key Properties AL TIJARIA TOWER Al Tijaria Tower is located in Sharq area facing Al Sour Street opposite to Al Shaheed Park and it is one of the most Floors 40 spectacular twisted skyscrapers in the world. 8th tallest in Retail Space 6,347 Sqm Kuwait. A skyscr
Slide 14: Business Overview – Local
BUSINESS OVERVIEW - Local Al Tijaria Key Properties Al-Dome The Complex contains restaurants, cafes and water fountain in the middle area. Future kids joined with a total 3,000 sqm of entertainment. Retail Space 1,505 sqm # Of Units 18 Al-Shorouq Tower Al Shorouq Towers 1 & 2 consists of 21 floo
Slide 15: Business Overview – Local
BUSINESS OVERVIEW – Local BOULEVARD Al Tijaria Key Properties Boulevard Project is located in the heart of Salmiya, Kuwait most vibrant district, Boulevard Green Mall stands as a unique urban hub for recreational, social, commercial, natural and touristic attractions. Boulevard Green Mall is the one
Slide 16: Business Overview – Bahrain
BUSINESS OVERVIEW – Bahrain Remal Plaza - Bahrain Remal Plaza is a well maintained apartment building, quietly situated in a popular residential neighborhood, close to excellent amenities and newly opened highway infrastructure affording easy access to the airport and the Saudi causeway. The buildin
Slide 17: Business Overview – Bahrain
BUSINESS OVERVIEW – Bahrain Sitra Showroom - Bahrain Sitra is known for its buzzing commercial aspect . The property is an outstanding spacious showroom in a very prime location at Sitra Highway, showroom is semi fitted with mezzanine floor and full floor to ceiling windows enabling a clear and unin
Slide 18: Business Overview – Regional
BUSINESS OVERVIEW – Regional Al Tijaria Global Portfolio – Partially Owned Bayan Reality - KSA Established in year 2007, a Saudi closed stock company was founded by a business-oriented group of investors and reputed entities from Saudi Arabia , Kuwait & Bahrain. The company current share capital of
Slide 19: Business Overview – Regional
BUSINESS OVERVIEW – Regional Al Tijaria Global Portfolio – Partially Owned Orla Residence – Dubai, UAE A luxurious residential development project strategically located in pinnacle of the Palm Jumeirah, Dubai, UAE. The project is situated on an 29,000 sqm beach-front plot on the Palm Crescent, just
Slide 20: Business Overview – Global
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned Centene IT HQ Office Building – Missouri, USA High quality office building with extensive technology infrastructure which is strategically located at St. Louis, USA. With a rentable area of 181,631 sqft, the building is 100% oc
Slide 21: Business Overview – Global
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned Florida Residential Portfolio – USA A portfolio of Multifamily & Student housing properties with 540 multifamily & 752 student beds. ARC US Industrial Portfolio VIII – USA A Diversified Multi-Tenant Industrial Portfolio spread
Slide 22: Business Overview – Global
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned Total & Subsea 7 – Westhill Business Park Aberdeen, Scotland, UK The property with a plot area of 75,000 sqm and Built-up Area of 19,675 sqm, is majorly occupied by an internationally renowned oil and gas company TOTAL as its o
Slide 23: Business Overview – Global
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned Italian Office Portfolio A portfolio consisting of two Class A office properties; is fully leased to Kering Italia S.p.A (“Kering”) in Milan, Italy and International Fund for Agricultural Development (“IFAD”) in Rome, Italy. Th
Slide 24: Financial Performance
SECTION 3 FINANCIAL PERFORMANCE Al Tijaria Presentation FY2023 22 of 28
Slide 25: Financial Performance - Highlights
FINANCIAL PERFORMANCE - Highlights Financial Historical Trends Income Statement (KWD Mn) FY22 FY23 Change % Rental & Hospitality Income 29.63 30.61 3.29% Operating Expenses -8.385 -7.988 -4.73% Net Income from Operating Activities 21.24 22.62 6.46% Share of Profit from Associates -2.231 2.715 221.69
Slide 26: Financial Performance - Highlights
FINANCIAL PERFORMANCE - Highlights Financial Historical Trends (KWD Mn) FY21 FY22 FY23 ROA % 2.36% 2.42% 2.87% ROE % 4.31% 4.32% 4.95% Net profit Margin (NPM) %* 39.94% 45.27% 48.8% BVPS (Fils) 163.5 165.8 166.1 DPS (Fils)* 5.0 3.0 4.0* EPS (Fils) 7.08 6.90 8.13 * Dividends FY2023 is subject to the
Slide 27: Financial Performance - Highlights
FINANCIAL PERFORMANCE –Highlights DPS & EPS (In Fils) Net Income & NPM % (In KD MN) 10.0 8.13 15 14.4 60% 8.0 6.90 7.08 45.27% 6.0 14 48.8% 5.0 39.94% 40% 4.0 13 12.5 12.5 3.0 20% 2.0 3.0 12 0.0 11 0% FY21 FY22 FY23 FY21 FY22 FY23 DPS (Fils) EPS (Fils) Net Income (Parent) Net profit Margin (NPM) %*
Slide 28: Snapshot on Al-Tijaria Share Performance
Snapshot on Al-Tijaria Share Performance fils/shr 2020 2021 2022 2023 Average Price 95 113 111 99 Cash Dividends 5 3 5 3 Bonus Shares % 3 2 3 3 Dividend Yld. % 5.2% 2.7% 4.5% 3.0% Cap. Gain / Loss% 8% 19% -2.1% -10% Overall Return / Loss ** 13.6% 21.2% 2.5% -7.3% On March 18th, 2024, the BOD has pro
Slide 29: Q&A Thank you
Q&A Thank you Al Tijaria Presentation FY2023 27 of 28
Slide 30: For Further Information Please Contact the Investor Relations Unit
For Further Information Please Contact the Investor Relations Unit: Email : investors@altijaria.com THE COMMERCIAL REAL ESTATE COMPANY K.P.S.C. (AL-TIJARIA) Address : Al-Sharq Jaber Al Mubarak St. Al Tijaria Head Office Building Phone : +965 – 22902900 (933), +965 - 1805252 Fax : +965 – 22902901 www
The Commercial Real Estate Company (Al Tijaria) — FY2023 Earnings Presentation on 6ix