Salhia Real Estate Co. K.s.c. · KSE:SRE
Salhia Real Estate Co. K.s.c — Salhia Real Estate — Q1 2025 Earnings Presentation
42 slides from Salhia Real Estate Co. K.s.c's earnings presentation, May 19, 2025
Slide 1: Analyst/Investors Conference Disclosure Letter to Boursa Kuwait
Date: 19/05/2025 Ref.: Ib/22/2025 To: Boursa Kuwait Co. Dear Sirs, Subject: __Analyst/Investors Conference Meeting for the First quarter of the year 2025 With reference to the above subject, and as per requirements stipulated in article No. (7- 8) “Listed company obligations” of Boursa Kuwait rule b
Slide 2: Disclosure of Material Information Form
s ree We cla! raga Disclosure of Material Information Form Date: 19 May 2025 Name of the listed Company Salhia Real Estate Co. (K.P.S.C) Material Information We would like to inform you that Salhia Real Estate Company has conducted the Analyst/Investors Conference for the First quarter of the year 2
Slide 3: Q1-2025 Results Presentation
SA L HIA RE AL E S T ATE C O. Q1-2025 Results Presentation Period Ended 31 - March - 25
Slide 4: Disclaimer / Disclosure / Forward Statement
Disclaimer / Disclosure / Forward Statement The information set out in this presentation and provided in the 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 at an investor presentation and is prov
Slide 5: Content
4 Performance Highlights 5 Local Investments CONTENT 23 Foreign Investments Q1 - 2025 28 Financial Performance 35 Appendix 3
Slide 6: Performance Highlights - Q1 2025
Performance Highlights - Q1 2025 KD 11.45 M KD 1.76 M KD 7.27 M KD 1.45 M +3% + 15 % - 11 % - 50 % Revenue Revenue EBITDA Net Profit Hotel’s Business Highlights • Continued commitment to strategy execution. • Improved footfall & occupancy rates. CONTINUE • Effeciancy in under development project exe
Slide 7: Local Investments
= LOCAL INVESTMENTS 4 SALHIA
Slide 8: Local Investment
LOCAL INVESTMENT SALHIA ASSIMA ARRAYA • Salhia Complex • Assima Complex • Arraya Commercial Centre • Sahab Tower • Assima Tower • Arraya Plaza • Salhia Plaza • Marriot Executive Apartments • Arraya Tower • Salhia International (MEA) • Marriot Courtyard Entertainment Center (SIEC) • Convention Hall •
Slide 9: Salhia
SALHIA 92,375 56,775 SQM SQM Built Up Gross Leasable Area Area 5,000 SQM 96% 97% 100% Q1 - 2025 Office Q1 - 2025 Store Occupancy Occupancy 1,000
Slide 10: Salhia Complex and Sahab Tower
SALHIA SALHIA COMPLEX • The first integrated retail and leisure complex in the GCC region. • 26,857 square meters of space for commercial offices. • Three floors of retail, and five floors of offices located above the stores SAHAB TOWER • Connected to the Salhia Commercial Complex by a suspended wal
Slide 11: Salhia Plaza
SALHIA PLAZA Key Renovation Features * Designed to support special events and collaborative initiatives * Support for a vibrant and dynamic community experience * Increased footfall benefiting tenant businesses * Upgraded pedestrian pathways for better accessibility d fi 5 ani OW ¢ SALHIA
Slide 12: JW Marriott
JW MARRIOT • JW Marriott is in the center of Kuwait City’s business and financial district. • Connected to Salhia Complex & near well-known retail centers. • Targeted Opening Q4 - 2025 • Operated by Marriot International 33,323 SQM 181 2025 2 Built Up Number of Expected Number of Area Rooms Opening
Slide 13: Opening in Q4 - 2025
Opening in Q4 - 2025 • Design Highlights: Ground floor extension, new reception area, adaptive reuse approach, and enhanced public space. 11
Slide 14: Arraya
ARRAYA 92,208 53,579 SQM SQM Built Up Gross Leasable Area Area 5,000 SQM 100% 89% 100% Q1 - 2025 Office Q1 - 2025 Store Occupancy Occupancy 1,000
Slide 15: Arraya Centre and Tower
ARRAYA ARRAYA CENTRE • Situated in the heart of Kuwait City • Featuring a range of shops, upscale eateries and casual hangouts. • Six-floors car park accommodating 1,400 cars, connected by suspended bridges overlooking the Arraya Plaza. ARRAYA TOWER • 57 floors designated for office workspaces. • Ar
Slide 16: Marriott Courtyard
MARRIOT MARRIOT COURTYARD COURTYARD • Adjacent to Arraya Centre and is in the center of the city. • 6 fully furnished banquet halls, a business center, and a cutting-edge swimming pool and fitness center. • Operated by Marriot International CONVENTION HALL • 2,750 SQM ballroom adjacent to the hotel
Slide 17: Assima
ASSIMA 180,500 71,924 SQM SQM Built Up Gross Leasable Area Area 5,000 SQM 96% 13 100% Q1 - 2025 Store Anchor Occupancy Units 1,000
Slide 18: Assima Mall
ASSIMA MALL ASSIMA MALL • 20,000 SQM across four basements, a ground floor, and six floors of shops, restaurants, entertainment venues, etc. • Largest mall in Kuwait City, strategically located in the heart of the capital. • Features dedicated entertainment centers for families, including cinemas, p
Slide 19: Assima Tower
ASSIMA TOWER ASSIMA TOWER • Occupancy rate stands at 48% as of Q1 - 2025 • Project Completion January 2024. • Connected to Assima Mall, featuring a multi-story parking facility designed for the convenience of both visitors and tenants. 99,500 59,525 SQM 48% 51 SQM Built Up Gross Leasable Q1 -25 Offi
Slide 20: Assima x STC
ASSIMA X STC 15,912 SQM 13 Total Rental Number of Area Floors 5,000 SQM Q4 2025 27% 100% Revenue Rental Area % Recognition 1,000
Slide 21: Marriott Executive Apartments
MARRIOT EXECUTIVE APARTMENTS MEA • Operated by Marriot International • First Marriot Executive Apartments in Kuwait • Available for short and long stay residency. • Fully equipped fitness center, dining amenities and rentable conference spaces. 25,100 SQM 164 11 1 Built Up Number of Number of Number
Slide 22: Salhia International Entertainment Center
SIEC SALHIA INTERNATIONAL ENTERTAINMENT CENTER • Exclusive National Geographic licensee. • Kuwait’s first National Geographic entertainment center. • For children aged 4 to 14. • Incorporating cutting-edge VR and 4D technology to provide an ultimate experience. 5,097 KD SQM 15 87,290 Built Up Number
Slide 23: Anwar Alsabah Property
ANWAR ALSABAH PROPERTY Acquired in Q1 - 2024 A neighboring property to Salhia Commercial Complex divided into 4 plots. 9,234 KD 70 M 4 SQM Plot Land Number of Area Purchased Plot’s 21
Slide 24: Salhia Extension
SALHIA EXTENSION 1,680 KD m2 15.9 Plot 2 Plot 2 Area Value 5,000 SQM Plot 2 KD 19.7 19% 100% Amount Gain from Sold KD Sale % The Board has granted approval for the sale of plot 2 spanning 1,680m², 1,000 authorizing the transaction to proceed as approved.
Slide 25: Foreign Investments
G) FOREIGN INVESTMENTS SALHIA
Slide 26: Foreign Investment
FOREIGN INVESTMENT SALHIA BEORMA QUARTER, LOLWORTH DEVELOPMENT BIRMINGHAM LIMITED (LDL) (Salhia International Birmingham Limited) + Phase 1- Adagio Hotel & Prince's Trust * Fully owned subsidiary - Land Option + Phase 2—Commercial & Residential gs SALHIA
Slide 27: Beorma Quarter
BEORMA QUARTER BEORMA QUARTER • A large-scale revitalization initiative incorporating a mix of office spaces, hotels, and residential apartments. • Located in the center of Birmingham and adjacent to a 93,000 m2 shopping center. • Phase 2 Expected completion mid 2026. • Highest residential tower in
Slide 28: Lolworth Developments Ltd UK
LOLWORTH DEVELOPMENT LOLWORTH DEVELOPMENTS LTD • Lolworth Development– An estimated land area of over 1 million square meters (land option), northwest of Cambridge City Center. • A prime strategic location for developing a leading technology center to facilitate business and logistic services. >1M S
Slide 29: Est. Projects Timeline Under Development
EST. PROJECTS TIMELINE UNDER DEVELOPMENT 2025 - 2030 2025 Q3 - 2026 Salhia Extension (Expected) JW Marriot Beorma Tower & 2030 (Kuwait) Residency (Birmingham, UK) Kuwait 27 *Projects’ timings could change from the provided estimation.
Slide 30: Q1 - 2025 Financial Highlights
Q1 - 2025 FINANCIAL HIGHLIGHTS 31st March 2025
Slide 31: Profitability Indicators
Profitability Indicators Net Profit KD Net Profit Margin % EBITDA KD KD 2.87 M 26 % KD 8.18 M KD 7.27 M KD 1.45 M 13 % 29
Slide 32: Profitability Indicators (Continued)
Profitability Indicators (Continued) Return on Assets % Return on Equity % 0.55 % 1.64 % 0.28 % 0.78 % 30
Slide 33: Performance Ratios (Group)
Performance Ratios (Group) Revenue KD Operating Expense KD Gross Profit Margin % KD 11.45 M KD 11.16 M 75 % 76 % KD 2.75 M KD 2.73 M 31
Slide 34: Performance Ratios (Real Estate)
Performance Ratios (Real Estate) Revenue KD Operating Expense KD Gross Profit Margin % KD 9.65 M 79 % 80% KD 9.63 M KD 2.03 M KD 2.00 M 31
Slide 35: Performance Ratios (Hospitality)
Performance Ratios (Hospitality) Revenue KD Operating Expense KD Gross Profit Margin % 59.5 % KD 1.79 M KD 714,598 KD 726,390 53% KD 1.52 M 33
Slide 36: Debt Structure
Debt Structure Debt to Equity % Debt to Asset % 1.99 67 % 1.82 65 % 34
Slide 37: Appendix
APPENDIX
Slide 38: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 36
Slide 39: Consolidated Statement of Financial Position (Cont'd)
Consolidated Statement of Financial Position (Cont’d) 37
Slide 40: Consolidated Statement of Income
Consolidated Statement of Income 38
Slide 41: Q&A
Slide 42: Thank You
THANK YOU +965 22996097 – 22996081 – 22996346 www.salhia.com ir@salhia.com Safat, Mohammad Thunayyan Al-Ghanem St, Al Kuwayt 13095