Talaat Moustafa Group Holding · EGX:TMGH
Talaat Moustafa — Investor Presentation (September 2024)
22 slides from Talaat Moustafa's investor presentation, September 2024
Slide 1: IR Presentation 1H2024 - September Update
IR PRESENTATION 1H2024 - SEPTEMBER UPDATE TMG Holding S.A.E. .م.م.مجموعة طلعت مصطفى القابضة ش +20 2 3331 2000 Publicly held since 2007 34/36 Mossadek St., Dokki الدقي، شارع مصدق٣٤/٣٦ IR@tmg.com.eg EGX: TMGH.CA / TMGH EY مصر،الجيزة Giza, Egypt www.talaatmoustafa.com
Slide 2: The largest Egyptian real estate developer
The largest Egyptian real estate developer Talaat Moustafa Group Holding (“TMG Holding”, “TMG”) is a renowned Egyptian conglomerate with a rich history spanning over 50 years in the real estate sector and the second- largest EGX-listed company by market capitalization as of September 2024. Market ca
Slide 3: Constantly growing beyond competitors and delivering value to shareholders
Constantly growing beyond competitors and delivering value to shareholders Leading developer of mixed-use projects in MENA with an unparalleled track record and trusted brand equity with +50 years proven I experience in developing successful projects - USD 8.8 billion* of sales till end-August 2024,
Slide 4: The unmatched scale of TMG capabilities
The unmatched scale of TMG capabilities Sales achieved by select competitors in Egypt in 1H2024 [EGPbn] ■ After years of meticulously executing its visionary management strategy, TMG has emerged as the undisputed market leader in Egypt by sales. 426 6.5x ■ After two major project launches in 2024 th
Slide 5: Why invest in TMG?
Why invest in TMG? MENA’s leading developer offering safe exposure to the key growth sectors of the Egyptian economy TMG provides investors with balanced and diversified EGP 426 bn Sales exposure to the rapidly expanding residential, service, and #1 Egyptian RE developer 107mn sqm land footprint by
Slide 6: Five main segments delivering stable revenue in local and foreign currencies
Five main segments delivering stable revenue in local and foreign currencies The Group transformed into a significant exporter of real estate and tourism services. This transformation has generated substantial income in foreign currency, effectively hedging the value of its operations with unique re
Slide 7: Record performance with net income growing by 149% y-o-y in 1H2024
Record performance with net income growing by 149% y-o-y in 1H2024, outperforming all other real estate developers The successful implementation of management’s long-term vision, grounded in a robust business strategy, is generating continuous growth in profitability and Recurring 46% 2%2% Recurring
Slide 8: Consistently delivering one-of-a-kind strategy and long-term goals
Consistently delivering one-of-a-kind strategy and long-term goals 1. 2. 3. 4. 5. Preserving capital Accelerating asset Maintaining and growing Expanding recurring Expanding the land bank, in appreciation, expanding FX monetization and building sales momentum income lines Egypt and in the region inc
Slide 9: Track-record and customer trust result in unprecedented demand in 1H2024
Track-record and customer trust result in unprecedented demand in 1H2024, further widening the gap between TMG and its competitors TMG continue booking record-high new sales New sales recorded until end of August reaching EGP 426 billion, growing significantly by some 5.6x y-o-y, confirming the prev
Slide 10: SouthMed, a new global destination rising on the Mediterranean Sea
SouthMed, a new global destination rising on the Mediterranean Sea, sales of EGP 270 billion and 11,400 units sold since launch in July 2024, more than the largest competitor since inception in 2006 Project overview ■ Designed by OBMI and SWA, SouthMed is a luxurious development on the Egyptian Nort
Slide 11: Regional player, with presence in Egypt and KSA and expected entry into new markets
Regional player, with presence in Egypt and KSA and expected entry into new South Med | A new global destination rising on the Mediterranean markets, to create one of the largest regional real estate and hospitality platforms Geographical expansion, entering the Saudi market Market leader in the dev
Slide 12: Proven ability to raise prices, offer payment plans designed with inflation factored-in
Proven ability to raise prices, offer payment plans designed with inflation factored- in, and assets appreciation, in addition to value creation in luxury developments Price evolution of residential units (EGP’000/sqm) Price evolution of commercial units (EGP’000/sqm) Implied price per sqm for hotel
Slide 13: Largest luxury hospitality player in the region with c. 5,000 keys
Largest luxury hospitality player in the region with c. 5,000 keys and a robust expansion plan, creating an unmatched portfolio of quality cash flow generating assets 59.5% 40.5% TMG ADQ / ADNEC ICON Hotel Investment Ltd ICON’sroom count, now reaches c5,000 keys across 15 hotels TMG’s Original Hotel
Slide 14: Upgrading the value chain of the hospitality arm
Upgrading the value chain of the hospitality arm TMG is reinforcing its commitment to luxury hospitality through strategic partnerships and expansion initiatives, balancing historical preservation of its heritage assets, while deploying modern enhancements to elevate market appeal and profitability
Slide 15: Heavily focused on expanding the Group's recurring income activities
Heavily focused on expanding the Group’s recurring income activities Number of Hotel Keys (#) Hospitality revenues in 1H2024 increase by 2.8x year- Evolution of TMG’s hospitality portfolio over-year following an unprecedented expansion To reach c5k keys on the back of the skillfully devised by manag
Slide 16: New unique revenue stream originated from the unparalleled brand equity
New unique revenue stream originated from the unparalleled brand equity, with the potential for further growth in the future Recent events confirm the unparalleled brand equity achieved by TMG on the back of management’s ability to generate value to the benefit of the All resale of TMG-branded produ
Slide 17: Building one of the largest retail portfolios
Building one of the largest retail portfolios capitalizing on the un-met demand for commercial destinations, and replicating the success achieved in a second vertical Strong recurring income portfolio leveraging on TMG’s integrated communities … with ample room to develop additional recurring income
Slide 18: Building a new fully-fledged mixed-use destination that will shape East Cairo's landscape
Building a new fully-fledged mixed-use destination that will shape East Cairo’s landscape The Spine is planned to be a destination hub, similar to the attractions present in the most developed cities globally ■ It will complement the current offering with additional commercial spaces, offices, enter
Slide 19: Expanding FX income streams
Expanding FX income streams Overview of TMG’s FX-denominated revenue streams TMG is actively focused on enhancing and expanding its FX-denominated revenue streams by leveraging its hospitality segment and advancing its regional footprint. This strategic approach aims to bolster foreign currency infl
Slide 20: Strategic asset monetization has improved liquidity and financial stability
Strategic asset monetization has improved liquidity and financial stability, enabling reinvestment in high-growth opportunities Net cash position [EGPbn] ■ The Group’s operational and financial performance has met and continues to meet all strategic objectives, surpassing initial 34.8 expectations a
Slide 21: Expanding the land bank, in Egypt and in the region
Expanding the land bank, in Egypt and in the region Overview of TMG’s land bank Land bank size (million square meters) Land bank breakdown by project x2 107 Rehab 9% Madinaty 31% Legacy Hotel projects Celia projects and Banan 4% 2% others 9% 3% 51.4 Noor 20% SouthMed 22% 2017 Current Investor presen
Slide 22: Thank you
{| TMG Thank you
Talaat Moustafa Group Holding — Investor Presentation (September 2024) on 6ix