Amer Group Holding · EGX:AMER
Amer — Investor Presentation (June 2018)
31 slides from Amer's investor presentation, June 2018
Slide 1: FY 2019
FY 2019 June 2018 0 Private and Confidential: For personal use only and not for distribution or copying
Slide 2: Disclaimer
DISCLAIMER Thi s pres enta ti on ha s been prepa red by the Inves tor Rel a ti ons , Corpora te Fi na nce a nd Ma na gementofAmerGroup Holding CompanyS.A.E.(the“Company”) solelyfor i nforma ti on purpos e to Res ea rch Ana l ys ts / Ins ti tuti ona l Inves tors . The pres enta ti on is confidential
Slide 3: Amer Group Strategy
AMER GROUP STRATEGY Increasing recurring revenue Enlarging New Porto develomaster Vacation Club pments Distributing dividends 2 Private and Confidential: For personal use only and not for distribution or copying
Slide 4: Overview Amer Group Story
OVERVIEW AMER GROUP STORY At Start of Construction Post Construction During 2005 to 2007, Amer Group has conquered 3 projects: In 6 months “Porto Marina”; first phase delivered in 6 months In 18 months “Golf Marina”, delivered in 18 months In 2 years “Porto Sokhna”, delivered in 2 years 3 Private an
Slide 5: Overview Amer Group Story (Cont'd)
OVERVIEW AMER GROUP STORY (Cont’d) Amer Group is one of the pioneers in bringing the ultimate family destinations bringing the market world class restaurants chains, Hotels and Hotel serviced apartments, malls to accommodate every need of an Egyptian family 4 Private and Confidential: For personal u
Slide 6: Overview: Amer Group Spin-Off
OVERVIEW: AMER GROUP SPIN-OFF Amer Group Porto Spin-Off in October 2015 Group’s 5 Private and Confidential: For personal use only and not for distribution or copying
Slide 7: Assets Portfolio
Assets’ ASSETSPortfolio PORTFOLIO Projects • 8 projects • 21,777 Units EGP 13.3 bn Booked sales Land • Area 6.05 Mn m2 • 7 Locations Malls • 8 Malls • GLA 79K m2 EGP 65 mn Annual Rents Restaurants • 7 brands • 43 Outlets EGP 250 mn Annual sales Hotels • 7 Hotels • 582 keys EGP 178 mn Annual sales 6
Slide 8: Big Asset Base
Big Asset Base Asset Book Value 6.63 BN Asset Book Value 6.63 BN = 10.95 X = 6.63 X Market Cap 605 Mn Paid-Up Capital 1 BN 7 Private and Confidential: For personal use only and not for distribution or copying
Slide 9: Delivering Our Current Backlog
DELIVERING OUR CURRENT BACKLOG 8 Private and Confidential: For personal use only and not for distribution or copying
Slide 10: Group Backlog, Inventory & Sales
GROUP BACKLOG, INVENTORY & SALES Potential Sales EGP 30 BN Real Total Revenue Vacation Inventory Sharing Sales Estate TTL sales Backlog 6,366 units EGP 4.77 Bn. EGP 3.04 Bn. EGP 589 mn EGP 525 mn. In In 2019/2020 31-12-2019 31-12-2019 9 Private and Confidential: For personal use only and not for dis
Slide 11: New Projects (Potential Sales)
New Projects (Potential Sales) Grawla BUA 98,718 m2 BUA Value:98,718 EGP 1.7m2 bn. Heliopolis Value: EGP 1.7 bn. Golf Marina BUA 148,500 m2 BUA 1,210,156 m2 Value: EGP 3.7 bn. Value: EGP 18 bn. Potential South Beach BUA 11,580 m2 Sales Value: EGP 174 mn. 30 BN Port Said Vilagio Matrouh BUA 342,000 m
Slide 12: Real Estate Investments (Revenue Sharing Contracts)
Real Estate Investments (Revenue Sharing Contracts) Land Provider: Amer Group Total B.U.A Lagoon G Marina: 20% 437 K Sqm. 2,319 Units G vilagio G Marina: 30% 574 Units Heaven Hills El Marina: 30% Residential Commercial 260 Units Blu 51-52 G Marina: 35% 416K sqm 21K sqm 280 Units Blu 223-224-225-226
Slide 13: Land Bank & Current Projects
LAND BANK & CURRENT PROJECTS Land Bank Developed % Undeveloped% Total Sqm Undeveloped Land 2.15 Matrouh 47% 53% 330K sqm Mn. Sqm. Marina 23% 77% 1.9mn sqm of undeveloped land Heliopolis 0% 100% 27K sqm Sokhna 95% 5% 2.6mn sqm Developed Land 3.90 Sharm 95% 5% 650K sqm Port Said 60% 40% 375K sqm Mn. S
Slide 14: Dividends Payouts
DIVIDENDS PAYOUTS Share Dividends Reverse Spin -off Spin-off 5,015 Stock Split 4,560 4,560 4,560 3,040 1,958 1360 1,003 912 1003 547 1003 235 365 Dec-10 2013 2014 2015 Aug-15 2015 2017 # of share Capital EGP Numbers in millions 13 Private and Confidential: For personal use only and not for distribut
Slide 15: Business Segments
BUSINESS SEGMENTS 14 Private and Confidential: For personal use only and not for distribution or copying
Slide 16: Vacation Ownership Segment: Strategy & Key Metrics
VACAITON OWNERSHIP SEGMENT STRATEGY & KEY METRICS Acquire EGP 2.598 bn 27,052 To become the largest Vacation units Total membership sold to Members in Vacation Ownership Company in the Reclaim Establish date Ownership Club Middle East & Africa and to create asset after club 30 years 2,373 1.325 bn
Slide 17: Real Estate
REAL ESTATE Inventory Land • 6.05 mn sqm • 763 Units • 2.14 mn sqm of • Inventory undeveloped land Value EGP 1.8 bn New projects Current Projects • Port Said Grawla • 8 projects • Heliopolis • Total units 21,777 16 Private and Confidential: For personal use only and not for distribution or copying
Slide 18: Porto Said
PORTO SAID Launch Date May 2018 Launching Sales (EGP) 1.4BN Potential Sales (EGP) 7.6 BN NPV (EGP) 1.7BN Collection Cycle 3 years 17 Private and Confidential: For personal use only and not for distribution or copying
Slide 19: Porto Said
PORTO SAID 18 Private and Confidential: For personal use only and not for distribution or copying
Slide 20: Malls Segment
MALLS SEGMENT Porto Marina Porto Sokhna Indoor GLA 11,274 m² Indoor GLA 15,420 m² Outdoor GLA 4,466 m² Outdoor GLA 8,964 m² Golf Marina Porto Matrouh Indoor GLA 7,252 m² Indoor GLA 3,416 m² Outdoor GLA 9,034 m² Outdoor GLA 2,195 m² Meeting Point Porto Sharm Indoor GLA 1,313 m² Indoor GLA 12,646 m² O
Slide 21: Hospitality Segment
HOSPITALITY SEGMENT *Porto Marina Golf Porto Marina Porto Matrouh Location North Coast Location North Coast Location Marsa Matrouh Capacity 221 Capacity 66 Capacity 85 Utilization 27% Utilization 63% Utilization 60% Avg. Room rate/night 1,761 Avg. Room rate/night 633 Avg. Room rate/night 1,071 Estab
Slide 22: Restaurants Segment
Restaurants Segment Adding Increasing Chilis new chains Value in Egypt -Mama: 5 outlets -15 Restaurants -Sombrero: 4 outlet -M Value 58 M Increasing Maximum Brand Value Utilization -20 Countries -12 Million Annual Rent -10 Governments -45 Stores 21 Private and Confidential: For personal use only and
Slide 23: Rentals Segment – 659 Units
RENTALS SEGMENT– 659 units Porto Marina 131 Units Porto Sokhna 151 Units Porto Sharm 87 Units Golf Porto Marina 125 Units Porto Matrouh 99 Units Golf Sokhna 66 Units 22 Private and Confidential: For personal use only and not for distribution or copying
Slide 24: Why
WHY • Big asset base group • Short collection and development cycle 1 2 • The largest time 3 4 • Guaranteed land share developer in sale revenues Middle East Market Cap 23 Private and Confidential: For personal use only and not for distribution or copying
Slide 25: Thank You
Thank You 24 24 Private and Confidential: For personal use only and not for distribution or copying
Slide 26: Appendix
APPENDIX 25 Private and Confidential: For personal use only and not for distribution or copying
Slide 27: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS 26 Private and Confidential: For personal use only and not for distribution or copying
Slide 28: A Leading Landlord & Master Developer
A LEADING LANDLORD & MASTER DEVELOPER Amer in Brief Ownership Structure Average Daily Traded Volume (mn) SOL GLOBAL 57.2 HOLDING Amer’s stock is one of the most LIMITED, liquid stocks on the EGX Amer Group is the creator of Porto 33.34 free floting , Porto is the region’s leading creator and ope
Slide 29: Land Bank Profile
Land Bank Profile Total Developed: 65% Total Undeveloped: 35% Developed % Undeveloped% 100% 100% 95% 95% 77% 60% 53% 47% 40% 23% 5% 5% 0% 0% Marina Sokhna Matrouh Sharm Port Said Heliopolis Grawla 28 Private and Confidential: For personal use only and not for distribution or copying
Slide 30: With a Diversified Yielding Asset Portfolio
…With a Diversified Yielding Asset Portfolio… AMER Group’s operations are divided into three primary business segments: Property Investments, Vacation Ownership Club and the Restaurants division Amer Group Revenue Profile 1 Property Investments Division Segment Contribution to FY 2019 Revenues 53% E
Slide 31: Amer Group Balance Sheet
AMER GROUP BALANCE SHEET Item (EGP) 31-Dec-19 31-Dec-18 Financed as Follows: Non-current Assets . . Fixed Assets 1,142,350,258 833,075,726 Equity Projects Under Construction 222,546,778 176,399,178 Share Capital 1,003,099,822 1,003,099,822 Investment Property Assets 315,360,926 294,619,037 Intangibl
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