Dar Al Arkan Real Estate Development Co. · TADAWUL:4300
Dar Al Arkan Real Estate Development — Q4 2010 Earnings Presentation
8 slides from Dar Al Arkan Real Estate Development's earnings presentation, January 2011
Slide 1: Investor Presentation: Financial Update as of 31 December 2010
Investor Presentation Financial Update as of 31°' of December, 2010 Riyadh, Saudi Arabia Jan 2011
Slide 2: Financial Results
Financial Results Item 4th Quarter 3rd 12 months period (SAR Million) Quarter 2010 2009 2010 2010 2009 Revenue 972 1,221 910 4,142 5,464 Gross Margin 380 567 375 1,764 2,507 Expenses (22) (44) (24) (106) (146) Finance Charges (60) (32) (55) (214) (146) Net Income 330 464 290 1,456 2,123
Slide 3: Yearly Financial Performance
Yearly Financial Performance Yearly Financial Performance SAR ‘000’ 6,000,000 45.0% 41.7% 42.0% 40.8% 40.0% 38.8% 5,000,000 35.1% 35.0% 4,000,000 30.0% 25.0% 3,000,000 2,356,247 20.0% 2,122,679 2,008,574 2,000,000 1,813,950 15.0% 1,455,711 10.0% 1,000,000 5.0% - 0.0% 2006 2007 2008 2009 2010 Revenue
Slide 4: Residential Sales
Residential Sales Residential Sales, No of Units 500 70.0% 471 450 60.0% 56.5% 400 400 50.0% 350 40.0% 32.9% 300 26.4% 291 25.0% 23.7% 30.0% 21.3% 248 250 238 11.8% 17.39% 20.0% 18.9% 197 200 15.1% 15.4% 10.0% 5.70% 149 145 150 139 0.0% 100 81 84 82 -10.0% 50 -20.0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 5: Land Sales
Land Sales Annual Land Sales 2010 2009 2008 2007 Area Sold (sqm ‘000’) 6,634 8,500 7,266 4,300 Gross Margin (%) 45.6% 48.2% 52.41% 50.4% Land Sales, Area sold (sqm ‘000) 3050 70.0% 57.4% 2658 52.6% 2527 60.0% 2550 2465.3 51.4% 52.54% 2238.9 43.0% 44.8% 44.56% 50.0% 52.7% 49.0% 49.1% 40.2% 2081 2050
Slide 6: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS Description As at 31 Dec 2010 As of 31 Dec 2009 (SAR Million) Cash 1,189 2,223 Account Receivables 1,668 849 Prepayments 556 233 Project in Progress 8,833 9,268 Developed Land 3,201 4,458 Investment in Land 4,732 3,683 Investment Properties 1,914 1,518 Investment in associat
Slide 7: Current Projects
CURRENT PROJECTS Residential Projects Total Cost % Total Sold to Remaining Timeline to (SAR Million) Completed Units Date Exit Shams Ar Riyadh 5,800 28% 2,694 - 2,694 2013 Al Qasr Note 1 1,800 99% 1,733 1,433 222 2010 Al Tilal 375 100% 499 449 46 2010 Al Qasr Mall 950 84% - - - End 2010 Qasr Khozam
Slide 8: Thank You
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Dar Al Arkan Real Estate Development — Q4 2010 Earnings Presentation on 6ix