Commercial Real Estate Co. · KSE:ALTIJARIA
Commercial Real Estate — The Commercial Real Estate Company (Al Tijaria) — Q1 2024 Earnings Presentation
30 slides from Commercial Real Estate's earnings presentation, May 14, 2024
Slide 1: Letter to Boursa Kuwait
ALTUARIA =| The Commas fxn Ce arhe 44, pba haad hy pnd AS a Date: 14/5/2024 To: Boursa Kuwait Company Dear Sirs, Subject: Th | (K.P.S.C) Analyst / Investor Conference Presentation for QI of FY2024 In reference to the above subject, and to ensure that The Commercial Real Estate Company (K.P.S.C) is c
Slide 2: Disclosure of Material Information Form
Disclosure of Material Information Form Date 14/5/2024 Name of the Listed Company The Commercial Real Estate Company (K.P.S.C) To ensure that The Commercial Real Estate Company (K.P.S.C) is complying with the requirements of article (7-8-1/3), of the Boursa Kuwait rule book issued via resolution No.
Slide 3: Investors & Analysts Presentation 1Q 2024 Financial Results
Investors & Analysts Presentation 1Q 2024 FINANCIAL RESULTS May 14, 2024
Slide 4: Disclaimer
DISCLAIMER The information set out in this presentation and provided in this discussion subsequent thereto does not constitute an offer, an agreement, or a solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information only. This p
Slide 5: Table of Contents
TABLE OF CONTENTS Al Tijaria Business Financial Performance Q&A Overview Overview 1 2 3 4 Al Tijaria Presentation 1Q2024 3 of 28
Slide 6: Section 1: Al Tijaria Overview
SECTION 1 AL TIJARIA OVERVIEW Al Tijaria Presentation 1Q2024 4 of 28
Slide 7: Al Tijaria Overview
AL TIJARIA OVERVIEW More than 21 multi One of the Established in 1968 Geographical Listed in KSE 2004 & is activity properties largest Real Estate and restructured Presence in 16 fully Sharia Compliant in 2000. under Company in Kuwait management Countries Iconic properties : Excellence across Optimu
Slide 8: Al Tijaria Overview: Geographic Presence
AL TIJARIA OVERVIEW Geographic Presence Kuwait Bahrain, KSA, UAE, Oman, Jordan, Morocco, USA, Europe, UK , Turkey Al Tijaria Presentation 1Q2024 6 of 28
Slide 9: Al Tijaria Overview: Strategic Business Unit
AL TIJARIA OVERVIEW Strategic Business Unit Edara offers property management services to residential and commercial building owners leveraging management vast expertise and industry knowledge in the sector • Edara’ is a business unit of Al Tijaria offering world class property management Experienced
Slide 10: Section 2: Business Overview
SECTION 2 BUSINESS OVERVIEW Al Tijaria Presentation 1Q2024 8 of 28
Slide 11: Business Overview: Rental & Hotel Income
BUSINESS OVERVIEW RENTAL & HOTEL INCOME (IN KD MN) AGGREGATE OCCUPANCY 93% 93% 93% 0.00 0.09 93% 93% 0.99 0.87 92% 92% 6.61 6.67 92% 92% 92% 92% 1Q23 1Q24 92% Rental Income Hotel Income Procceds from Land held for trading 91% 1Q23 FY23 1Q24 SHARE OF PROFIT FROM ASSOCIATES NET GAIN ON INVESTMENTS (IN
Slide 12: Al Tijaria Key Properties
BUSINESS OVERVIEW – Local Al Tijaria Key Properties AL MANAR Al-Manar is a residential luxury Complex located on Gulf Road; amenities include swimming pool, gym, tennis court, squash court, 24 hours security, reception equipped to serve tenants and underground parking. Floors 16 Units 87 JUMAN T
Slide 13: Business Overview – Local: Key Properties
BUSINESS OVERVIEW – Local Al Tijaria Key Properties AL TIJARIA TOWER Al Tijaria Tower is located in Sharq area facing Al Sour Street Floors 39 opposite to Al Shaheed Park and it is one of the most spectacular twisted skyscrapers in the world. 8th tallest in Retail Space 6,347 Sqm Kuwait. A skyscr
Slide 14: Business Overview – Local: Key Properties
BUSINESS OVERVIEW - Local Al Tijaria Key Properties Al-Dome The Complex contains restaurants, cafes and water fountain in the middle area. Future kids joined with a total 3,000 sqm of entertainment. Retail Space 5,024 sqm # Of Units 21 Al-Shorouq Tower Al Shorouq Towers 1 & 2 consists of 21 floo
Slide 15: Business Overview – Local: Boulevard and Rehab
BUSINESS OVERVIEW – Local Al Tijaria Key Properties BOULEVARD Boulevard Project is located in the heart of Salmiya, Kuwait most vibrant district, Boulevard Green Mall stands as a unique urban hub for recreational, social, commercial, natural and touristic attractions. Boulevard Green Mall is the one
Slide 16: Business Overview – Bahrain
BUSINESS OVERVIEW – Bahrain Remal Plaza - Bahrain Remal Plaza is a well maintained apartment building, quietly situated in a popular residential neighborhood, close to excellent amenities and newly opened highway infrastructure affording easy access to the airport and the Saudi causeway. The buildin
Slide 17: Business Overview – Bahrain
BUSINESS OVERVIEW – Bahrain Sitra Showroom - Bahrain Sitra is known for its buzzing commercial aspect . The property is an outstanding spacious showroom in a very prime location at Sitra Highway, showroom is semi fitted with mezzanine floor and full floor to ceiling windows enabling a clear and unin
Slide 18: Business Overview – Regional: Partially Owned Portfolio
BUSINESS OVERVIEW – Regional Al Tijaria Global Portfolio – Partially Owned Bayan Reality - KSA Established in year 2007, a Saudi closed stock company was founded by a business-oriented group of investors and reputed entities from Saudi Arabia , Kuwait & Bahrain. The company current share capital of
Slide 19: Business Overview – Regional: Orla Residence
BUSINESS OVERVIEW – Regional Al Tijaria Global Portfolio – Partially Owned Orla Residence – Dubai, UAE A luxurious residential development project strategically located in pinnacle of the Palm Jumeirah, Dubai, UAE. The project is situated on an 29,000 sqm beach-front plot on the Palm Crescent, just
Slide 20: Business Overview – Global Portfolio
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned Centene IT HQ Office Building – Missouri, USA High quality office building with extensive technology infrastructure which is strategically located at St. Louis, USA. With a rentable area of 181,631 sqft, the building is 100% oc
Slide 21: Business Overview – Global Portfolio
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned Florida Residential Portfolio – USA A portfolio of Multifamily & Student housing properties with 540 multifamily & 752 student beds. ARC US Industrial Portfolio VIII – USA A Diversified Multi-Tenant Industrial Portfolio spread
Slide 22: Business Overview – Global Portfolio
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned Total & Subsea 7 – Westhill Business Park Aberdeen, Scotland, UK The property with a plot area of 75,000 sqm and Built-up Area of 19,675 sqm, is majorly occupied by an internationally renowned oil and gas company TOTAL as its o
Slide 23: Business Overview – Global Portfolio
BUSINESS OVERVIEW – Global Al Tijaria Global Portfolio – Partially Owned Italian Office Portfolio A portfolio consisting of two Class A office properties; is fully leased to Kering Italia S.p.A (“Kering”) in Milan, Italy and International Fund for Agricultural Development (“IFAD”) in Rome, Italy. Th
Slide 24: Section 3: Financial Performance
SECTION 3 FINANCIAL PERFORMANCE Al Tijaria Presentation 1Q2024 22 of 28
Slide 25: Financial Performance - Highlights
FINANCIAL PERFORMANCE - Highlights Financial Historical Trends Income Statement (KWD Mn) 1Q23 1Q24 Change % Rental & Hospitality Income 7.48 7.75 3.57% Operating Expenses (2.22) (2.18) -1.89% Net Income from Operating Activities 5.26 5.571 6% Share of Profit from Associates 0.38 2.33 516.14% Net Gai
Slide 26: Financial Performance - Historical Ratios
FINANCIAL PERFORMANCE - Highlights Financial Historical Ratios (KWD Mn) 1Q23 FY2023 1Q24 ROA % 0.49% 2.87% 0.75% ROE % 0.69% 4.57% 1.17% Net profit Margin (NPM) % 36.2% 53.6% 55.1% BVPS (Fils) 175.2 176.1 182.1 EPS (Fils) 1.21 8.13 2.09 Key Performance Indicators (KPI) 1Q24 FY2023 1Q24 Aggregate Occ
Slide 27: Financial Performance - Highlights
FINANCIAL PERFORMANCE –Highlights TOTAL EQUITY, R OE%, AND B V PS IN KD MN BVPS (Fils) 320 175.20 176.10 182.1 319.40 5% 4.57% 5% 4% 4% 315.52 3% 315 3% 313.95 2% 2% 1.17% 1% 0.69% 1% 310 0% 1Q23 FY2023 1Q24 Total Equity ROE % Total Assets & ROA in KD Mn Net Income & NPM % 568.209 20 53.6% 60% 570.0
Slide 28: Snapshot on Al-Tijaria Share Performance
Snapshot on Al-Tijaria Share Performance fils/shr 2020 2021 2022 2023 1Q 2024 Average Price 95 113 111 99 114 Cash Dividends 5 3 5 3 Bonus Shares % 3 2 3 3 Dividend Yld. % 5.2% 2.7% 4.5% 3.0% 0.0% Cap. Gain / Loss% 8% 19% -2.1% -10% 15% Overall Return / Loss ** 13.6% 21.2% 2.5% -7.3% 15.1% * Actual
Slide 29: Q&A Thank you
Q&A Thank you Al Tijaria Presentation 1Q2024 27 of 28
Slide 30: For Further Information Please Contact the Investor Relations Unit
For Further Information Please Contact the Investor Relations Unit: Email : investors@altijaria.com THE COMMERCIAL REAL ESTATE COMPANY K.P.S.C. (AL-TIJARIA) Address : Al-Sharq Jaber Al Mubarak St. Al Tijaria Head Office Building Phone : +965 – 22902900 (933), +965 - 1805252 Fax : +965 – 22902901 www
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