Seera Holding Group · TADAWUL:1810
Seera — Investor Day (November 2023)
29 slides from Seera's investor day presentation, November 2023
Slide 1: Embarking on the Next Chapter in Seera's Journey
Seera Group Embarking on the Next Chapter in Seera’s Journey November 2023 1
Slide 2: Agenda
Agenda Abdullah AlDawood Introduction & Part I: Seera Group’s Seera Group Evolution to a Strategic Investor Managing Director and Board Member Part II: Positioning of Key Segments Muhammad Khalid Seera Group Muzzammil Ahussain Almosafer Travel & Tourism Redmond Walsh Portman Travel Group within the
Slide 3: Seera Group's vision as a strategic investor
In the pursuit of Seera Group’s vision to be recognized as a strategic investor in the future of the Nation, with a balanced portfolio of Saudi Champions, delivering sustainable returns for shareholders A strategy has been announced and published through Seera Group’s profile on the Saudi Exchange,
Slide 4: Seera Group's strategy has three main pillars
Seera Group’s strategy has three main pillars Operate as an engaged Build & maintain an Adopt long-term capital investor and steward of attractive, unique portfolio strategies to deliver companies, governing that offers long-term and continuous appreciation with strong influence sustainable total of
Slide 5: Seera Group's Evolution to a Strategic Investor
Seera Group’s Evolution to a Strategic Investor 5
Slide 6: The Transformation Program has created fundamental shifts within the portfolio
The Transformation Program has created fundamental shifts within the portfolio and led to the emergence of market leaders Consumer Travel Overall Travel Platform Net Booking Value +171% Reshaped Al Tayyar’s legacy travel 5,691 (SAR Mn) business into the leading, digitally- Travel Platform COVID -19
Slide 7: Key segments become operationally and financially autonomous
Today, as key segments become operationally & financially autonomous, the Group remains an engaged owner influencing strategic priorities UK-based Travel Travel Platform Car Rental Hospitality Investments Investment Corporate functions have been devolved into individual businesses as Seera evolves f
Slide 8: Leadership steering the next phase of growth and value creation
Leadership steering the next phase of growth and value creation Muhammad Khalid AlWaleed AlNasser Seera Group Seera Group CFO VP Abdullah AlDawood Seera Group Muzzammil Ahussain Redmond Walsh Managing Director and Almosafer Travel & Portman Travel Group Board Member Tourism CEO CEO 8
Slide 9: Positioning of Key Segments within the Portfolio
Positioning of Key Segments within the Portfolio 9
Slide 10: Restructured portfolio of diversified business segments
Seera has a significantly restructured portfolio of diversified business segments offering growth and resilience UK-based Travel Travel Platform Car Rental Hospitality Investments Investment • Asset-light, scalable, platform-based • Rapid growth • Hypergrowth driven by M&As and • Asset base in strat
Slide 11: Travel Platform: asset-light and scalable business model
Travel Platform is characterized by an asset-light and scalable business model serving tourism flows across the Saudi travel ecosystem Business Overview Q3 YTD Financials Net Booking Value, Revenue and EBITDA (SAR Mn) Net Booking Value Revenue EBITDA +24% +41% 5,691 564 49 4,600 400 Consumer Busines
Slide 12: Car Rental offers a balanced model of lease and rental
Car Rental offers a balanced model with lease locking in future growth, while rental captures high-margin yet with seasonally-driven performance Business Overview Q3 YTD Financials Revenue and EBITDA (SAR Mn) Revenue EBITDA +51% +23% 791 400 Lease ▪ 3-4 years cycle 324 B2B | Offered for 2 – 5 ▪ Flex
Slide 13: UK-based Travel Investment on track to achieve critical mass
The UK-based Travel Investment is on track to achieve the critical mass of a formidable player in the European travel & tourism market Business Overview Q3 YTD Financials Net Booking Value, Revenue and EBITDA (SAR Mn) Net Booking Value Revenue EBITDA +41% +48% +259% 2,084 716 46 1,475 483 Business T
Slide 14: Hospitality and legacy real estate assets to be divested
Unproductive Hospitality and legacy real estate assets to be divested to enable a more capital-efficient structure No. of Rooms and Net Book Value as of 30.09.2023 (SAR Mn) 200 228 125 88 Divestments will be made Clarion Comfort Movenpick Makkah Riyadh under optimal conditions Airport King Road City
Slide 15: Investments segment shifted to sustainable return profile
Investments segment enabled Seera to fulfill its vision of investing in Saudi champions and has shifted to opportunities with a sustainable return profile Seera adopted a buy-to-build philosophy towards investments and actively …Seera’s strategy shifted to investments nurtured them into sector leade
Slide 16: A growing and unique portfolio that retains core holdings
Moving forward, as Seera continues to unlock value for shareholders, expect a growing and unique portfolio that retains core holdings UK-based Travel Travel Platform Car Rental Hospitality Investments Investment Strategic or Non-strategic, Strategic, Core Strategic, Core Strategic, Non-core Non-stra
Slide 17: Capital Allocation Approach
Capital Allocation Approach 17
Slide 18: Capital allocation shifts to maximizing free cash flow per share
Capital allocation strategy to shift from investing in the current portfolio to maximizing free cash flow per share Capital allocation decisions will aim to maximize free cash flow (FCF) per share through the following key levers Deleveraging the Balance Sheet New Investment Opportunities Share Buy-
Slide 19: Allocation of Lumi IPO proceeds
Proceeds received from the IPO of Lumi have been allocated in adherence with the revised capital allocation approach CENTRAL Deleveraging the Balance Re-investment in the UK-based New Investment in Sheet Travel Investment Kayanat Central Deleveraging of the Group’s Acquisitions of major travel brand
Slide 20: Overview of Investment in a Fund to Develop Kayanat Central
Overview of Investment in a Fund to Develop Kayanat Central 20
Slide 21: Commercial real estate in Riyadh is experiencing unprecedented demand
Commercial real estate in Riyadh is experiencing unprecedented demand with growth in business activity and rising urbanization City of Riyadh Job Market Population Real Estate Demand • Riyadh aims to be one of the top • Scale of major Riyadh projects as • Royal Commission for the City of • Demand is
Slide 22: Seera is the primary investor in a private real estate fund
Seera is the primary investor in a private real estate fund to develop the Kayanat Central business park strategically located in Northern Riyadh Kayanat is located in the northern region of Riyadh at the Intersection of Abu Bakr Al Siddiq and Anas Bin Malik roads, with access to other major Investe
Slide 23: Kayanat built on 100,000 SQM as integrated mixed-use development
Kayanat is being built on 100,000 SQM as an integrated mixed-use development incorporating offices, retail and hotel components Land Use Overview Land Area (SQM): 100,000 Expected Built-up Area (SQM): 350,000+ Offices Retail Leasable Area (SQM): 150,000+ Offices - Retail Hotel Parking Capacity: Over
Slide 24: Kayanat will provide a distinctive space for work and quality of life
Kayanat will provide a distinctive space that promotes an effective work environment, improves the quality of life and drives economic growth 24
Slide 25: Kayanat Central investment presents opportunity for sustainable returns
The Kayanat Central investment presents an opportunity for sustainable returns and will build robustness into Seera Group’s portfolio Capital Expenditure The Fund with raise capital through the appropriate financing means Total Project Construction CAPEX | Estimated at SAR 1.3 billion Investment in
Slide 26: Group-wide Financials
Group-wide Financials YTD Q3 2023 26
Slide 27: Seera Group has emerged stronger post the global pandemic
Seera Group has emerged stronger post the global pandemic and is set for superior growth and returns in 2023 relative to pre-COVID Group-wide Income Statement (SAR Mn) FY ’19 FY ’20 FY ’21 FY ’22 YTD Q3 ’22 YTD Q3 ’23 10,438 9,278 +33% Net Booking 6,779 9,011 3,734 4,796 Value – NBV 2,190 2,271 +52%
Slide 28: Strong balance sheet with healthy liquidity and leverage levels
Seera maintains a strong balance sheet to weather all climates through healthy liquidity and leverage levels Group-wide Assets (SAR Mn) Group-wide Equity and Liabilities (SAR Mn) 10,443 10,443 0 582 Due from related parties Trade and other payables 1,232 Prepayments & Advances Short term bank debts
Slide 29: Thank You.
Thank You. For access to this presentation please visit: https://www.seera.sa/en/investors/reports/ 29