Dar Global Plc · LSE:DAR
Dar Global — FY2024 Earnings Presentation
34 slides from Dar Global's earnings presentation, Mar 13, 2025
Slide 1: Invest in Luxury
Invest in Luxury R E S U LT S P R E S E N TAT I O N F O R T H E YEAR ENDED 31 DECEMBER 2024
Slide 2: Our goal for Dar Global
“ OUR GOAL FOR DAR GLOBAL IS CLEAR: To be the first real estate company that addresses the needs of a new society of global citizens, with a luxury offering that is both great to live in and great as an investment. PRESENTER ZIAD EL CHAAR Chief Executive Officer DARGLOBAL | INVEST IN LUXURY 01
Slide 3: 2024: A Landmark Year for Dar Global
2024: A Landmark Year for Dar Global 01. 02. 03. 04. 05. S U C C E S S F U L LY H A N D E D SECURED GROWTH CROSSED LAUNCHED A N N O U N C E D N E W PA R T N E R S H I P S OV E R O U R F I R ST P R OJ E CT S C A P I TA L O F U P T O USD 1.6 BILLION 5 P R OJ E CT S I N WITH ASTON MARTIN & MOUAWAD IN D
Slide 4: Financial Highlights
Financial Highlights INCREASED REVENUE RECOGNITION INCREASING NET ASSET VALUE (NAV) OV E R 6 P R OJ E CT S Strong full-year financial performance Revenue of with increased sales, a larger balance sheet with NAV of USD 240 million USD 478 million with EBITDA of USD 30 million OVER USD 1.6 BILLION GDV
Slide 5: DarGlobal Today
01 DarGlobal Today DARGLOBAL | INVEST IN LUXURY 04
Slide 6: DarGlobal at a Glance
LONDON BENAHAVIS NEW YORK CASARES AT H E N S M A N I LVA RAS AL KHAIMAH MARBELLA DOHA DarGlobal R I YA D H JEDDAH DUBAI at a Glance M U S C AT MALDIVES 9 GLOBAL SALES OFFICES PROJECTS IN 11 CITIES OUR OFFICES OFFICES PLANNED TO LAUNCH IN 2025 OUR PROJECTS DARGLOBAL | INVEST IN LUXURY 05
Slide 7: A Unique offering for Global Citizens
A Unique offering for Global Citizens FOCUS ON C U R AT E D F O R AFFLUENT BUYERS USD 7.5B T O TA L G D V • Cross-border real estate • Target affluent segment investments of global citizens • Bespoke luxury living homes in prime locations 17 G LO B A L P R OJ E CT S BROAD LUXURY BRAND PRODUCT MIX PA
Slide 8: Our Brand Partners
Our Brand Partners DARGLOBAL | INVEST IN LUXURY 07
Slide 9: Dar Global has progressed significantly in 2024
Dar Global has progressed significantly in 2024 FEBRUARY APRIL JUNE AUGUST OCTOBER DECEMBER • Published 1st Annual • Launched Mariott • Launched The Astera, • Announced plans for • Appointed the main • Launched our second Report and Completed Residences in AIDA, interiors by Aston Martin Trump Tower
Slide 10: Operating Review
02 Operating Review DARGLOBAL | INVEST IN LUXURY 09
Slide 11: Strong Business Performance
Strong Business Performance Multiple projects under Total sales value = USD 1.6 billion development across London, (49% of total launched GDV1) Dubai, Ras Al Khaimah, KSA, Muscat, Doha, and Marbella STRONG CUSTOMER DEMAND WITH USD 3.4 billion 2,250 units sold OF GDV1 LAUNCHED BY TO CUSTOMERS OF ~100
Slide 12: Key projects in Dubai, UAE
Key projects in Dubai, UAE URBAN OASIS W RESIDENCES DAVINCI TOWER DG1 BY BY MISSONI DUBAI DOWNTOWN B Y PA G A N I DARGLOBAL Status Launched Status Launched Status Launched Status Launched Completed Q4 2021 Completed Under construction Q4 2022 2021 Completed Near completion Q4 2022 2021 Completed Und
Slide 13: Key projects in Ras Al Khaimah, UAE
Key projects in Ras Al Khaimah, UAE THE ASTERA, INTERIORS BY ASTON MARTIN Status Launched Status Scheduled completion Launched 280 Completed Q4 2021 In progress Q4 2028 Q2 2024 No. of units Scheduled completion 467 Completed No. of units DARGLOBAL | INVEST IN LUXURY 12
Slide 14: Key projects in Doha, Qatar
Key projects in Doha, Qatar LES VAGUES BY ELIE SAAB Status Launched Status Scheduled completion Launched Over 300 Completed Q4 2021 In progress Q1 2027 Q4 2022 No. of units Scheduled completion 467 Completed No. of units DARGLOBAL | INVEST IN LUXURY 13
Slide 15: Key project in Jeddah, KSA
Key project in Jeddah, KSA TRUMP TOWER JEDDAH Status Launched Status Scheduled completion Launched 561 Completed Q4 2021 Pre-sales Q4 2029 Q4 2024 No. of units Scheduled completion 467 Completed No. of units DARGLOBAL | INVEST IN LUXURY 14
Slide 16: Key project in Riyadh, KSA
Key project in Riyadh, KSA NEPTUNE INTERIORS BY MOUAWAD Status Launched Status Scheduled completion Launched 200 Completed Q4 2021 Pre-sales Q4 2027 Q4 2024 No. of units Scheduled completion 467 Completed No. of units DARGLOBAL | INVEST IN LUXURY 15
Slide 17: Key projects in Muscat, Oman
Key projects in Muscat, Oman AIDA Status Launched Status Scheduled completion Launched Launched 1,296 Completed Q4 2021 In progress Entire masterplan: 2034 (Phase 1 – 2027-28) Q1 2023 No. of units Scheduled completion 467 Completed No. of units MARRIOTT RESIDENCES TRUMP RESIDENCES T R U M P I N T E
Slide 18: Key projects in Muscat, Oman
Key projects in Muscat, Oman T H E G R E AT E S C A P E 1 & 2 SUNRISE HAVEN C O A S TA L I N V E S T M E N T FA I R W AY V I L L A S VILLAS DARGLOBAL | INVEST IN LUXURY 17
Slide 19: Key projects in London, UK
Key projects in London, UK THE MULLINER ALBERT HALL MANSION Status Launched Status Launched Completed Q4 2022 Under construction Q2 2024 Scheduled completion 1 Scheduled completion 1 Completed No. of units 2027 No. of units DARGLOBAL | INVEST IN LUXURY 18
Slide 20: Key projects in Costa Del Sol, Spain
Key projects in Costa Del Sol, Spain TIERRA VIVA DESIGN INSPIRED BY AUTOMOBILI LAMBORGHINI MAREA INTERIORS BY MISSONI Status Launched Status Launched Construction in progress Q2 2023 Pre-sales Q3 2023 Scheduled completion 53 Scheduled completion 59 Q4 2027 No. of units Q4 2027 No. of units DARGLOBAL
Slide 21: Outlook
Outlook Based on anticipated progress across our existing portfolio of projects and current market conditions. We reaffirm our previously announced forecast of achieving a revenue of USD 700 million I N 2 0 2 4 A N D 2 0 2 5 ( A G G R E G AT E ) M A I N TA I N I N G SIMILAR EBITDA MARGINS AS FY23 Wi
Slide 22: Project Spotlight Trump Tower, Jeddah
Project Spotlight Trump Tower, Jeddah Trump Tower, Jeddah, a collaboration between DarGlobal and The Trump Organization, reshapes the city’s skyline with its striking 47-floor presence. With bespoke finishes, striking design elements, and metic- ulous craftsmanship, each residence is a sanctuary for
Slide 23: Financial Review
03 Financial Review DARGLOBAL | INVEST IN LUXURY 22
Slide 24: Profit & Loss Statement
2% 1% GEOGRAPHIC Profit & Loss SPLIT OF REVENUE 17% Statement UAE OMAN Q ATA R UK KSA 15% REVENUE FOR YEAR AMOUNTED TO 65% USD 240 million on account of revenue recognition in UAE (Urban Oasis, Da Vinci Tower, W Residences and DG1), Qatar (Les Vagues) and Oman (AIDA). S U M M A R I S E D S TAT E M E
Slide 25: Balance Sheet
Balance Sheet SUMMARISED FINANCIAL POSITION NET ASSET VALUE INCREASED TO USD 478 million Amounts in USD million 2024 2023 CHANGE mainly on account of Total Comprehensive CAS H AND CAS H E QU IVALEN T S 4 1 3 .6 2 2 8 .5 1 8 5 .1 Income of USD 13 million E S C R O W R E T E NT I O NS 1 0 .8 1 0 .0 0
Slide 26: Guidance for FY 2025
Guidance for FY 2025 SALES TO GROW IN 2025 GROW TO BECOME with new projects in pipeline and A M A J O R P L AY E R available launched inventory of USD in luxury real estate market, 1.7 billion and one of the key investment segments FOCUS ON MARGINS AND COST DEPLOY AVAILABLE C O N S O L I D AT I O N
Slide 27: Summary
04 Summary DARGLOBAL | INVEST IN LUXURY 26
Slide 28: Summary
Summary STRONG SALES: URBAN OASIS TOWER STRONG BALANCE ON TRACK TO ACHIEVE CAPTURE GROWING C U M U L AT I V E S A L E S T O A N D O L D PA R K L A N E - SHEET WITH NAV OF USD 700M OF REVENUE DEMAND FOR DECEMBER 2024 OF I N AU G U R A L P R OJ E CT S USD 478 MILLION ACROSS FY24 AND FY25 I N T E R N A
Slide 29: Appendix
05 Appendix DARGLOBAL | INVEST IN LUXURY 28
Slide 30: Our Legacy
Our Legacy We are building on the legacy of Dar Al Arkan, the leading listed real estate company in Saudi Arabia. Over 30 years OF EXPERIENCE Dar Global is the international residential development business started by Dar Al Arkan, its major shareholder, and has grown to a portfolio of 17 projects w
Slide 31: Our Offices
Our Offices D U BAI, UAE M A R B E LLA , SPA I N LON D ON , U K D OHA , Q ATA R Jumeirah Emirates Towers, Marbella Club Golden Mile, 50 Hans Crescent, Malibu Building, 30th Floor, Sheikh Zayed Road, Av. Bulevar Príncipe Alfonso Knightsbridge, London, Lusail Entertainment City, PO Box 2523, Dubai, de
Slide 32: DARGLOBAL.CO.UK
DA R G LO B A L . C O. U K
Slide 33: Disclaimer
DISCLAIMER THIS PRESENTATION AND ITS CONTENTS ARE STRICTLY CONFIDENTIAL AND ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN VIOLATION OF THE RELEVAN
Slide 34: Disclaimer
DISCLAIMER The Information contains statistics, data and other information relating to markets, market sizes, market shares, market positions and other industry data pertaining to the Company’s business and markets. Unless otherwise indicated, such information is based on the Company’s analysis of m