Dar Al Arkan Real Estate Development Co. · TADAWUL:4300
Dar Al Arkan Real Estate Development — Q3 2024 Earnings Presentation
35 slides from Dar Al Arkan Real Estate Development's earnings presentation, 2024
Slide 1: Dar Al Arkan
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Slide 2: Investor Presentation Q3 2024
Investor Presentation Q3 2024 2
Slide 3: Table of Contents
Table of Contents Page No. 1. Macro Economic Overview & KSA Real Estate Market 4 2. Key Business Indicators Overview 9 3. Financial Performance Overview 12 4. Overview of Assets Portfolio 16 5. Projects Developed by Dar Global PLC 21 6. Appendix 28 3
Slide 4: Macro Economic Overview & KSA Real Estate Market
MACRO ECONOMIC OVERVIEW 1| & KSA REAL ESTATE MARKET 4
Slide 5: GDP Continued to Grow in Q3-2024 Driven by Rising Non-Oil Activities
Macroeconomic Overview GDP Continued to Grow in Q3-2024 Driven by Rising Non-Oil Activities Average Brent Oil Prices GDP continued to improve in Q3 2024 Budget deficit in Q3 2024 expanded further 110 101 5% 10.0% 90 82 79 3% 2.6% 71 8.0% 8.7% 70 64 1% 42 6.0% 5.7% 5.1% 50 -1%2020 2021 2022 2023 2024
Slide 6: KSA Real Estate Sector Overview
KSA Real Estate Sector Overview The strong long-term fundamentals of the market remain intact Positive Demographic Trends Widening Supply Deficit Government Support KSA Total Population (Age/Gender) Male Female 3 Millions 3 2 2 1 1 0 65-69 70-74 75-79 80+ 10 - 14 15 - 19 20 - 24 25 - 29 30 - 34 35 -
Slide 7: Residential & Commercial deals increased QoQ and YoY in Q3 2024
KSA Real Estate Sector Overview Residential & Commercial deals increased QoQ and YoY in Q3 2024 44 450 410 380 360 321 140.1 122.5 270 110.1 249 209 207 194 189 99.1 166 159 180 71.1 77.5 131 38.9 60.1 75.3 257.2 270.0 43.7 210.7 38.0 90 149.8 137.6 126.9 115.2 128.4 129.8 118.5 93.4 0 2013 2014 201
Slide 8: The Real Estate Price Index increased substantially for YoY and QoQ
KSA Real Estate Sector Overview The Real Estate Price Index increased substantially for YoY and QoQ KSA Real Estate Price Index (YoY) KSA Real Estate Price Index (QoQ) 3.0% 2.6% 2.0% 2.7% 2.4% 1.1% 2.1% 1.7% 1.0% 0.8% 1.8% 0.6% 1.5% 0.3% 0.3% 1.2% 0.7% 0.0% 0.2%0.1% 0.8% -0.1% 0.9% 0.6% 0.0% 0.6% 0.
Slide 9: Key Business Indicators Overview
KEY BUSINESS INDICATORS 2| OVERVIEW 9
Slide 10: Q3 2024 – Key Business Indicators
Q3 2024 – Key Business Indicators Investment In Revenues (LTM) -1.4% EBITDA (LTM) 19.6% Development Properties (LTM) 41.0% SAR 3,146 mn SAR 1,569 mn SAR 3,462 mn (Q3 2023 : SAR 3,192 mn) (Q3 2023 : SAR 1,312 mn) (Q3 2023 : SAR 2,456 mn) Gross Debt/ Cash And Bank Book Value Per Share Capitalization S
Slide 11: Dar Al Arkan Real Estate Assets
Dar Al Arkan Real Estate Assets ▪ DAAR’s Real Estate assets portfolio at cost is SAR 22.4 bn. ▪ DAAR has a strong pipeline of projects across the Kingdom totaling 13.0 mn sqm. Real Estate Properties Break up - SAR bn Total Land Area – SQM mn 57% 33% Investments in Project Lands & Lands, 16.5 Propert
Slide 12: Financial Performance Overview
FINANCIAL PERFORMANCE 3| OVERVIEW 12
Slide 13: Financial Performance – Q3 2024 Profitability
Financial Performance – Q3 2024 Profitability 1,100 Quarterly Revenues (SAR mn) 600 Gross Profit (SAR mn) & Margin (%) 50% 1,000 962 45% 919 45% 865 53 39% 42% 41% 40% 900 764 826 66 500 38% 40% 1 40% 800 34 35 412 31 716 37 384 35% 700 32 400 19 35 356 15 600 316 0 29 30% 301 285 26 27 500 401 300
Slide 14: Financial Performance – Q3 2024 Cash Flow
Financial Performance – Q3 2024 Cash Flow Cash Flow – Q3 2024 (SAR mn) Income / Sources of Cash Uses of Cash / Expenses 14,000 12,000 10,000 8,000 191 4 12 231 264 781 6,000 919 107 4,000 5,527 5,246 2,000 - Starting Cash Revenue New Debt Acquisition of a Working Capital Debt Opex Investment in Cape
Slide 15: Financial Performance – Q3 2024 Debt
Financial Performance – Q3 2024 Debt Gross Debt Vs Net Debt (SAR mn) 40% 35% 36% Debt* / Capitalization 34% 34% 34% 12,000 10,742 10,840 10,697 10,650 10,610 33% 34% 10,290 10,163 30% 30% 10,000 30% 8,378 8,367 8,000 5,929 5,659 5,527 5,246 6,608 5,710 5,450 20% 3,866 4,168 6,000 16% 16% 16% 16% 17%
Slide 16: Overview of Assets Portfolio
OVERVIEW OF ASSETS 4| PORTFOLIO 16
Slide 17: Shams Ar Riyadh – Key Facts
Residential & Commercial Development Projects - KSA Shams Ar Riyadh – Key Facts Location - Situated in the Al-Ammariyah district (King Khalid Road), part of the growing northwest corridor of Riyadh, Shams Ar Riyadh is close to the heart of the city and is located just 19 km from KKI Airport and 9 km
Slide 18: Parisiana, Shams Al Arous, Juman Project
Residential & Commercial Development Projects - KSA Parisiana, Riyadh Shams Al Arous, Jeddah Juman Project, Eastern Province - Located in Riyadh city and easily accessed - Shams Al Arous is a master-planned, best in - Juman project is strategically located in the through King Fahad Road and major hi
Slide 19: Dar Al Mashaer, Etoile Villas, Buraidah Hills
Residential & Commercial Development Projects - KSA Dar Al Mashaer, Makkah Etoile Villas, Sedra- Riyadh Buraidah Hills, Qassim - Located in holy city of Mecca on the Al Aziziyah - Dar Al Arkan had won a contract to develop - Located in Buraidah city of Al-Qassim Road and spread across 6,300 sqm land
Slide 20: Leasing Properties Portfolio
Leasing Properties Portfolio Al-Qasr Mall, Riyadh Land Area 61,949 m² Built up Area 234,147 m² Gross Leasable Area 75,265 m² No. of floors 3 Leasable Floors plus two parking Parking 1,579 Parking Spaces Latest Activity: ▪ 93% occupancy achieved by the end of Q3 2024. ▪ Total footfall for 2023 exceed
Slide 21: Projects Developed by Dar Global PLC
PROJECTS DEVELOPED BY 5| DAR GLOBAL PLC 21
Slide 22: Notable Changes During The Reporting Period
Notable Changes During The Reporting Period Dar Global Accounting and Project Update (Reference to note 30 of interim consolidated financial statements) - On 28 February 2023, Dar Global PLC, an indirectly wholly owned subsidiary of the Group, had listed its shares on the London Stock Exchange’s mai
Slide 23: Local Projects Developed by Dar Global PLC
Local Projects Developed by Dar Global PLC Neptune, Riyadh Trump Tower, Jeddah - Neptune Villas is located in the most sought-after northern part of - DarGlobal is set to redefine the skyline of Jeddah with its latest project, Riyadh, just moments away from Expo 2030 site within SEDRA, an the luxuri
Slide 24: International Projects: Dubai
International Projects Developed by Dar Global PLC Urban Oasis Tower, Dubai Da Vinci Tower, Dubai W Residences, Dubai DG 1, Dubai - The Urban Oasis Tower is located in - Da Vinci Tower is a residential - The W Residences is a residential - DG 1 (Dar Global 1) Tower is located in the the Business Bay
Slide 25: International Projects: Spain and UAE
International Projects Developed by Dar Global PLC Tierra Viva, Spain Marea, Finca Cortesin, Spain The Astera, Al Marjan Islands, UAE - Tierra Viva in Behanavís – Costa del Sol is an - Marea, our second project in Spain was unveiled - The Astera, Interiors by Aston Martin is exclusive residential co
Slide 26: International Projects: Qatar and Oman
International Projects Developed by Dar Global PLC Les Vagues, Qatar The Weekend, Qatar Aida, Oman - Les Vagues by Elie Saab sets new standards of - The Weekend embodies the essence of island - AIDA sits in the heart of Muscat, 130m above the luxury living in Qatar with an architectural living, offe
Slide 27: International Projects: London
International Projects Developed by Dar Global PLC 8min-to-Central, London Oh So Close, London The Mulliner, London - Experience the finest in contemporary living in - Oh So Close offers an extraordinary residential - Originally known as Gloucestor House, Nº149 the exclusive 8min-to-Central resident
Slide 28: Appendix
6| APPENDIX 28
Slide 29: Appendix I – Statement of Financial Position
Appendix I – Statement of Financial Position SAR in 000s FY 2021 FY 2022 FY 2023 Q3 2023 Q3 2024 Investment properties, net 1,110,414 1,077,808 1,028,213 1,039,249 993,633 Long-term development properties 19,285,287 20,563,563 20,261,809 19,473,240 21,240,799 Property and equipment, net 77,653 86,05
Slide 30: Appendix II – Statement of Profit or Loss
Appendix II – Statement of Profit or Loss SAR in 000s FY 2022 FY 2023 9M 2023 9M 2024 Q3 2023 Q3 2024 Revenue 3,925,499 2,707,100 2,306,253 2,745,210 715,697 918,727 Cost of revenue (2,467,912) (1,636,694) (1,404,469) (1,593,569) (430,343) (506,619) Gross profit 1,457,587 1,070,406 901,784 1,151,641
Slide 31: Appendix III – Statement of Cash Flows
Appendix III – Statement of Cash Flows SAR in 000s FY 2021 FY 2022 FY 2023 9M 2023 9M 2024 Profit before Zakat 135,442 588,386 626,418 426,681 466,086 Adjustments for: Depreciation & Amortization 48,905 50,182 50,247 36,835 42,907 Provision for expected credit losses 4,453 0 0 0 3,924 Donations 0 1,
Slide 32: Disclaimer
Disclaimer THIS PRESENTATION IS NOT FOR PUBLICATION, RELEASE OR himself independently based solely on the prospectus in relation to such securities DISTRIBUTION, DIRECTLY OR INDIRECTLY, INTO AUSTRALIA, CANADA, (including any supplement thereto) available when orders are confirmed before taking JAPAN
Slide 33: Our Offices
OUR OFFICES RIYADH, KSA BEIJING, CHINA LONDON, UK MARBELLA, DUBAI, UAE 12622 Makkah Road, 303-309, North Tower, 50 Hans Crescent, Conrad Dubai, Al Wizarat, Beijing Kerry Centre, Knightsbridge, SPAIN Sheikh Zayed Road, Beside Riyadh Marriott Hotel, No.1 Guanghua Road, London, SW1X ONA Marbella’s Gold
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Slide 35: Thank you
Investor Relations Thank you Riyadh – Saudi Arabia Tel: +966 11 206 9888 Ext:1680 ir@alarkan.com 35
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