Barwa Real Estate Co. · QSE:BRES
Barwa Real Estate — Investor Presentation (June 2025)
38 slides from Barwa Real Estate's investor presentation, June 2025
Slide 1: Investor Presentation June 2025
INVESTOR PRESENTATION June 2025
Slide 2: Disclaimer
The information contained herein has been prepared by Barwa Real Estate Company Q.P.S.C.(“Barwa”) relying on information obtained from sources believed to be reliable but Barwa does not guarantee the accuracy or completeness of such information. Except for statements of historical facts, information
Slide 3: Discussion Summary
DISCUSSION SUMMARY • Barwa At A Glance • Investment Rationale • Qatar Economy • Financial Track Record • Annexure
Slide 4: Barwa at a Glance
BARWA AT A GLANCE We are one of the leading real estate developers headquartered in Doha, Qatar. We develop and manage properties that reflect the changing needs of the people living, working and visiting the country. Vision To be a reliable Real Estate company, recognized for its strong values, exc
Slide 5: Major Contributor to Qatar's Development
MAJOR CONTRIBUTOR TO QATAR’S DEVELOPMENT QAR 3.2 bn dividend 5.6 mn sq. m. built-up distributed in last 5 09 01 area under operations years Leadership in Net Debt : Equity of 49% 08 02 affordable housing MAJOR CONTRIBUTOR TO QATAR’S Land Bank of 1.84 mn sq. m. Operating 14,221 residential DEVELOPMEN
Slide 6: Investment Rationale
BARWA. INVESTMENT RATIONALE
Slide 7: Investing in Barwa
INVESTING IN BARWA MOVING UP THE VALUE CHAIN PRESENCE ACROSS REAL ESTATE • Moving towards mid to high-mid residential segment in ECOSYSTEM newly developed Lusail city • Barwa selects its product offering in alignment with • Affordable housing solution for families & blue- tangible market demand coll
Slide 8: Barwa Real Estate – Portfolio Overview
BARWA REAL ESTATE– PORTFOLIO OVERVIEW LAND BANK RESIDENTIAL INDUSTRIAL • 1.84 million sq. m. • 444,738 sq. m. domestic land 14,221 residential warehouses & • Around 70,000 sq. m. units & Villas workshops international land LABOUR ACCOM. COMMERCIAL Around 54,646 labour rooms • Around 400,636 sq. m. r
Slide 9: Balanced Portfolio of Assets
BALANCED PORTFOLIO OF ASSETS Schools Commercial Warehouse 2% 1% 8% 5.4% Mixed-use 10% Labor 4.5% accommod ation 39% 4.1% 4.0% Residential 40% Q1-2023 Q2-2023 Q3-2023 Q4-2023 Q1-2024 Q2-2024 Q3-2024 Q4-2024 Q1-2025 Q2-2025 Rental yield on total investment properties*** Rental yield on the operating p
Slide 10: Inherent Strength Built Over Time Resulted in Strong Brand Preference
INHERENT STREGNTH BUILT OVER TIME RESULTED IN STRONG BRAND PREFERENCE Timeliness Quality • Proven developer and operator of a range of • Quality control is paramount despite tight cost assets with timely delivery measures • Routine quality checks at various stages of • Barwa was able to conclude the
Slide 11: Significant Recurring Revenues & Operating Profit
SIGNIFICANT RECURRING REVENUES & OPERATING PROFIT Recurring Income Provides Better Cash Flow Visibility QAR mn 950 98% 180% 850 95% 91% 9… 160% 891 96% 750 800 140% 761 650 729 719 669 120% 550 630 578 577 568 100% 450 80% 350 58% 60% 250 64% 61% 57% 150 45% 40% 50 20% (50) H1 2021 H1 2022 H1 2023 H
Slide 12: Prudent Gearing, Sufficient Room for Leveraged Growth
PRUDENT GEARING, SUFFICIENT ROOM FOR LEVERAGED GROWTH Balance Sheet Strength provides an Opportunity for Leveraged Growth Timely sale of properties have adequately supported liquidity 40 1.00 35 0.90 21 22 0.80 30 0.73 21 22 22 0.70 25 0.60 0.60 0.57 20 0.49 0.50 0.46 15 0.40 0.30 10 16 0.20 13 13 5
Slide 13: Comfortable Liquidity Position, for Prudent Capital Allocation
COMFORTABLE LIQUIDITY POSITION, FOR PRUDENT CAPITAL ALLOCATION Debt Maturity Profile* (QAR Mn) QAR Million Jun-2025 7,115 Debts 13,042 Cash 1,985 Net Debts 11,057 Total Equity 22,378 1,996 1,668 1,210 1,053 Total Assets 37,106 2025 2026 2027 2028 2029 & Key Ratio Jun-2025 beyond Net Debt / Equity 0.
Slide 14: Optimising Shareholder Value
OPTIMISING SHAREHOLDER VALUE 61% 61% 57% QAR Mn 7% 57% 60% 57% 7% 6.30% 973 973 973 6% 6.36% 6.30% 51% 6% 51% 778 681 681 700 700 5% 40% 486 4% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2016 2017 2018 2019 2020 2021 2022 2023 2024 2016 2017 2018 2019 2020 2021 2022 2023 2024 Attractive Dividend H
Slide 15: Enhancing Asset Portfolio
ENHANCING ASSET PORTFOLIO Well established Adding diversity Labour Housing & Public Private Residential & Commercial Education Sector Logistics Partnership (PPP) model In-depth understanding Strict implementation of Partnership with Focus on PPP structure of the sector to gauge law banning u
Slide 16: Qatar Economy
BARWA. QATAR ECONOMY
Slide 17: Qatar Economy – An Overview
QATAR ECONOMY – AN OVERVIEW QATAR ECONOMY IS EXPECTED TO CONTINUE THE GROWTH MOMENTUM POISED FOR OVERALL AT A GLANCE DEMAND DRIVERS GROWTH • Population – 3.1 million (Source: • Qatar’s natural gas resources are the • Residency for expats by IMF Data April 2025). country’s main economic engine and pu
Slide 18: Qatar Real Estate – An Overview
QATAR REAL ESTATE – AN OVERVIEW Residential Sector • Recent law amendment of expanding freehold ownership in residential sector and subsequent introduction of the 2-tier residency system to provide further incentive to QATAR REAL ESTATE foreign owners to have outright owner INDEX • In order to boost
Slide 19: Demand Drivers
DEMAND DRIVERS Qatar National Vision 2030 Freehold Inbound Governmen Property Tourism t Initiative Ownership 4 PILLARS OF DEVELOPMENT Human Development: Development of all its Expansion of the The National Tourism Qatar Central Bank has freehold and leasehold Council has continued to amended mortgag
Slide 20: Financial Track Record
BARWA. FINANCIAL TRACK RECORD
Slide 21: Financial Overview
FINANCIAL OVERVIEW (for the period ended 30 June 2025) TOTAL INCOME1 & OP. REVENUE2 OPERATING PROFIT3 1). Total Income= Op. 1,760 Revenue+Finance 683 660 Lease Inc + Property 632 625 1,388 1,332 601 sales & 1,195 1,240 construction 1,038 income + FV 932 922 899 gain/loss on Invst 919 Properties + Pr
Slide 22: H1 2025 Key Highlights
H1 2025 KEY HIGHLIGHTS 80% Operating Revenue Operating Profit Op. revenue is from QAR 899mn QAR 625mn rentals 70% 91% QAR 11.1bn Operating Margin of Operating Profits Net Debt from net rental QAR 3.45bn Total Assets 18% cash dividend for 2024, Liquidity QAR 37.1bn achieved a 6.30% dividend yield
Slide 23: H1 2025 vs H1 2024 Key Highlights
H1 2025 vs H1 2024 KEY HIGHLIGHTS Operating Revenues Operating Profits Consultancy Consultancy Consultancy 9% 9% Consultancy 21% 20% Rental Rental 91% 91% Rental Rental 79% 80% H1 2024 H1 2025 H1 2024 H1 2025
Slide 24: Balance Sheet & Cash Flow Overview
BALANCE SHEET & CASH FLOW OVERVIEW As at 30 June 2025 BALANCE SHEET OVERVIEW CASH FLOW OVERVIEW TOTAL QAR 37,106 Mn Others Receivables 1.6% 0.5% & 2.9% Prepayments Trading 1.6% Lease Properties liabilities 35.1% Cash & bank 5.4% balances Obligations Others 1.4% 2.4% under 1.7% Islamic finance Availa
Slide 25: Ongoing Projects Under Construction – Madinat Al Mawater Phase 3
ONGOING PROJECTS UNDER CONSTRUCTION PROJECT STATUS (Phase 3 - Part 2 – Other Facilities) Spare Parts Mall Showrooms & Accommodations Premium Showroom MADINAT AL MAWATER – PHASE 3 – Part 2 Other Hypermarket Masjid Facilities Land Area (sq. m.) 273,878 BUA (sq. m.) 130,684 Construction End Date Nov-25
Slide 26: Ongoing Projects Under Construction – Barwa Hills
ONGOING PROJECTS UNDER CONSTRUCTION PROJECT STATUS – Barwa Hills Barwa Hills Land Area (sq. m.) 2,649 BUA (sq. m.) 12,240 Construction End Date Dec-26
Slide 27: New Asset Purchase - Barwa Royale
New Asset Purchase - Barwa Royale • Barwa Real Estate Group purchased a building in Lusail Fox hills consisting of 44 apartments including 26 (1 bedroom apartment) and 18 (2-bedroom apartment). The project consist of swimming pool and gym. • Barwa targets to sell all the units in next 8 to 12 months
Slide 28: Upcoming Project Opportunities
UPCOMING PROJECT OPPORTUNITIES Barwa Real Estate Group is conducting feasibility studies and design enhancements for several land banks in order to ensure their best use and derive attractive returns, including: • Barwa Hills – During Cityscape 2024, Barwa launched Barwa Hills Project which comprise
Slide 29: Annexure
BARWA ANNEXURE
Slide 30: Geographical Distribution of Land and Projects
GEOGRAPHICAL DISTRIBUTION OF Land and PROJECTS In-Progress Madinat Al Mawater - Phase 3 Ras Laffan Accommodation - West Side Al Khor 8 Villas Al Khor Recreation Extension Al Khor Recreation (Worker Sports Complex) LAND BANK Al Khor Community Al Khor land Barwa Alkhor Accommodation School Site 4
Slide 31: Residential Portfolio
RESIDENTIAL PORTFOLIO Name of Project Residential (Units) Madinatna 6,780 Al Khor Community 3,172 Masaken Sailiya 992 Masaken Mesaimeer 992 Barwa Village & Extension 634 Madinat Mawater 496 Barwa Al Khor Shell 350 Asas Towers 320 Barwa Al Sadd 261 Souq Mesaieed 138 Alaqaria Garden - Dukhan 48 Zekree
Slide 32: Labour Accommodation
Labour Accommodation Name of Project Rooms Mukaynis 25,360 Argentina Neigborhood 16,848 Barwa Al Baraha 8,576 Labor Camp 3* 979 BAK – Recreation Extension 816 Ras Laffan Accommodation-West Side* 688 Labor Camp 2* 660 Labor Camp 1* 327 Dukhan DSSA Labor Camp* 248 Mustawdaat Warehouse 144 * Labour Roo
Slide 33: Product Mix (1/2)
PRODUCT MIX (1/2) Residential/Labour Retail Office Hotel Warehouse Name of Project Nature of Project (Units) (‘000 sq. m.) (‘000 sq. m.) (Keys) (‘000 sq. m.) Baraha Warehouses and Industrial - - - - 184.8 Workshop Barwa Al Sadd Mix Use 261 4.2 41.8 232 - Barwa Village Mix Use 457 106.2 - - - Masaken
Slide 34: Product Mix (2/2)
PRODUCT MIX (2/2) Office Name of Project Nature of Project Residential (Units) Retail (‘000 sq. m.) (‘000 sq. m.) Barwa Village Expansion Mix Use 177 10.7 - (Mukaynis Compound) * Mix Use 25,360 13.3 5.4 Salwa Affordable Housing Development Souq Mesaieed Mix Use 138 12.3 7.1 Old Salata Building Mix U
Slide 35: International Portfolio
INTERNATIONAL PORTFOLIO Property location 4 Cavendish Square, London Property type Operational office building Net internal area 1,036.4 sq. m. (approx.) Existing service office head-lease agreement Nature of ownership Leasehold (virtual freehold) Property location Bahrain Property type Operational
Slide 36: Domestic Land Bank
DOMESTIC LAND BANK Owned Area (‘000 sq. m.) Baraha 3 523 Barwa Hills 121 Barwa Al Doha 48 Alaqaria Delta Center 38 Asas Marina Tower 28 Shell Extension 15 Al-Kharaej Residential Tower 4 Leased Area (‘000 sq. m.) Barwa City Phase 3 330 Mawater Phase 4 266 Al-Khor Zone 405 Umm Shahrain Extension 59
Slide 37: International Land Bank
INTERNATIONAL LAND BANK Land* Area (‘000 sq. m.) Country Bahrain Bay 12.5 Bahrain Cyprus Land 54.7 Cyprus Fez * 3.1 Morocco Total 70.3 *Includes pre-existing structures
Slide 38: Investor Relation Team
Investor Relation Team +974 44088785 Barwa.Investor@barwa.com.qa www.barwa.com.qa
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