Dar Al Arkan Real Estate Development Co. · TADAWUL:4300
Dar Al Arkan Real Estate Development — Q1 2022 Earnings Presentation
29 slides from Dar Al Arkan Real Estate Development's earnings presentation, 2022
Slide 1: Dar Al Arkan
DAR AL ARKAN uL_GNi jla
Slide 2: Investor Presentation Q1 2022
Investor Presentation Q1 2022 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. Appendix 22 3
Slide 4: Macro Economic Overview & KSA Real Estate Market
MACRO ECONOMIC OVERVIEW 1| & KSA REAL ESTATE MARKET 4
Slide 5: 2021 saw a return to growth that is expected to accelerate in 2022
Macroeconomic Overview 2021 saw a return to growth that is expected to accelerate in 2022 GDP Growth to Accelerate Deficit Turns to Surplus Average Brent Oil Prices in 2022 in 2022 140 8.0% 6% 117 7.4% 120 6.0% 3% 2.5% 100 1.1% 71 4.0% 4% 0% 0.8% 80 71 3.2% 3.5% 64 2019 2020 2021E 2022F 2023F 2024F
Slide 6: The strong long-term fundamentals of the market remain intact
KSA Real Estate Sector Overview The strong long-term fundamentals of the market remain intact Positive Demographic Trends Supply Shortages Government Support KSA Total Population (Age/Gender) Total population 34 million Population growth of 2.5% per year. Chronic under supply of residential hous
Slide 7: An exceptionally strong start to 2022 with transaction values growing
KSA Real Estate Sector Overview An exceptionally strong start to 2022 with total transaction values in the first quarter growing at 9% YoY and 17% QoQ 450 410 380 360 321 140.1 122.5 270 110.1 249 224 209 193 180 166 79.7 99.1 166 159 71.1 131 61.1 63.7 270.0 38.9 43.7 257.2 38.0 90 210.7 144.5 149.
Slide 8: The Real Estate Price Index continues its positive momentum into Q1 2022
KSA Real Estate Sector Overview The Real Estate Price Index continues its positive momentum into Q1 2022 KSA Real Estate Price Index (YoY) KSA Real Estate Price Index (QoQ) 1.2% 1.0% 0.9% 0.9% 0.5% 0.5% 0.9% 0.3% 0.1% -0.1% 0.0% 0.6% 0.4% 0.5% 0.0% 0.4% -0.5% 0.3% 0.2% -0.6% 0.0% -1.0% Q1-21 Q2-21 Q
Slide 9: Key Business Indicators Overview
KEY BUSINESS INDICATORS 2| OVERVIEW 9
Slide 10: Q1 2022 – Key Business Indicators
Q1 2022 – Key Business Indicators Investment In Revenues (LTM) 86.6% EBITDA (LTM) 54.8% Development Properties (LTM) 3% SAR 3,558 mn SAR 1,166 mn SAR 2,250 mn (Q1 2021 : SAR 1,907 mn) (Q1 2021 : SAR 753 mn) (Q1 2021 : SAR 2,187 m) Gross Debt/ Cash And Bank Book Value Per Share Capitalization SAR 5,0
Slide 11: Dar Al Arkan Real Estate Assets
Dar Al Arkan Real Estate Assets DAAR’s Real Estate assets portfolio at cost is SAR 19.95 bn. DAAR has a strong pipeline of projects across the Kingdom and Europe totaling 13.0 mn sqm. Real Estate Properties Break up - SAR bn 57% 33% Shams Ar Project Lands & Riyadh, 3.1 Properties, 5.5 Juman, 8.2
Slide 12: Financial Performance Overview
FINANCIAL PERFORMANCE 3| OVERVIEW 12
Slide 13: Financial Performance – Q1 2022 Profitability
Financial Performance – Q1 2022 Profitability Quarterly Revenues (SAR mn) Gross Profit (SAR mn) & Margin (%) 1,800 1,619 600 41% 563 45% 40% 1,600 37% 37% 36% 19 40% 27 500 34% 35% 1,400 35% 35% 1,200 400 27% 30% 775 1,000 595 268 25% 593 568 300 800 555 1,592 208 217 544 20% 496 197 205 600 464 29
Slide 14: Financial Performance – Q1 2022 Cash Flow
Financial Performance – Q1 2022 Cash Flow Cash Flow – Q1 2022 (SAR mn) Income / Sources of Cash Uses of Cash / Expenses 6,000 189 243 1 - 153 81 72 5,000 1,619 4,000 3,000 5,034 2,000 4,153 1,000 - Starting Cash Revenue New Debt Working Capital Debt Opex Investment in Investment in Maintenance Endin
Slide 15: Financial Performance – Q1 2022 Debt
Financial Performance – Q1 2022 Debt Gross Debt Vs Net Debt (SAR mn) Debt* / Capitalization 12,000 40% 35% 35% 10,369 10,304 10,224 10,061 9,980 34% 35% 35% 34% 9,774 9,468 33% 33% 9,163 9,387 10,000 30% 8,000 4,932 4,549 4,299 4,393 5,486 5,884 4,153 4,880 5,034 6,000 20% 19% 20% 19% 19% 4,000 18%
Slide 16: Overview of Assets Portfolio
OVERVIEW OF ASSETS 4| PORTFOLIO 16
Slide 17: Shams Ar Riyadh – Key Facts
Residential & Commercial Development Projects 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 from
Slide 18: Residential & Commercial Development Projects
Residential & Commercial Development Projects Eastern Province Projects Urban Oasis Tower, Bosnia Projects Jeddah Projects Dubai - The site is situated in Ravne, Vareš, - Shams Al Arous is a master-planned, - Juman project is strategically located - The Urban Oasis Tower is located in 38 km outside
Slide 19: Residential & Commercial Development Projects
Residential & Commercial Development Projects Dar Al Arkan Pagani Tower, Dubai W Residences, Dubai Aida, Oman - The Dar Al Arkan Pagani Tower is a residential building in - The W Residences is a residential building in one of - In Dec 2021, Dar Al Arkan signed an MOU Downtown Dubai with interiors de
Slide 20: Portfolio Summary – Completed Residential Properties
Portfolio Summary – Completed Residential Properties Parisiana South Parisiana Living Naeem Eljiwar Dar Al Mashaer - Located in Riyadh city and easily - Located within the - Located in holy city of Mecca on the - Located in Riyadh city and accessed through King Fahad boundary of the Prophet’s Al Azi
Slide 21: Leasing Properties Portfolio
Leasing Properties Portfolio Al-Qasr Mall, Riyadh Land Area 61,949 m² Built up Area 220,202m² Gross Leasable Area 75,744 m² No. of floors 3 Leasable Floors plus two parking Parking 1,579 Parking Spaces Latest Activity: 90% occupancy achieved Al-Qasr Apartments, Riyadh GLA 126,988 m² Apartments 801
Slide 22: Appendix
APPENDIX 5| 22
Slide 23: Appendix I – Statement of Financial Position
Appendix I – Statement of Financial Position SAR in 000s FY 2019 FY 2020 FY 2021 Q1 2021 Q1 2022 Investment properties, net 1,651,357 1,519,116 1,110,414 1,507,412 1,098,361 Long-term development properties 16,895,604 18,246,583 19,285,287 18,152,542 18,628,574 Property and equipment, net 79,765 72,
Slide 24: Appendix II – Statement of Profit or Loss
Appendix II – Statement of Profit or Loss SAR in 000s FY 2019 FY 2020 FY 2021 Q1 2021 Q1 2022 Revenue 3,491,856 1,944,854 2,493,078 554,836 1,619,339 Cost of revenue (2,667,416) (1,270,204) (1,596,350) (350,297) (1,056,560) Gross profit 824,440 674,650 896,728 204,539 562,779 % 23.6% 34.7% 36.0% 36.
Slide 25: Appendix III – Statement of Cash Flows
Appendix III – Statement of Cash Flows SAR in 000s FY 2019 FY 2020 FY 2021 Q1 2021 Q1 2022 Profit before Zakat 312,389 19,379 135,442 29,248 363,957 Adjustments for: Depreciation & Amortization 55,653 56,237 48,905 14,173 11,337 Provision for expected credit losses 2,000 2,516 4,453 0 0 End of servi
Slide 26: 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 27: 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 29: Thank you
Investor Relations Thank you Riyadh – Saudi Arabia Tel: +966 11 206 9888 Ext:1670 ir@alarkan.com 29
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