Boursa Kuwait Securities Company (k.p.s.c) · KSE:BOURSA
Boursa Kuwait Securities Company (k.p.s.c) — Kuwait Real Estate Company K.P.S.C. (AQARAT) — Q1 2022 Earnings Presentation
24 slides from Boursa Kuwait Securities Company (k.p.s.c)'s earnings presentation, May 22, 2022
Slide 1: Cover letter to Boursa Kuwait on analyst conference
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Slide 2: Cover letter to Boursa Kuwait (Arabic)
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Slide 3: Investors & Analyst Presentation Q1 2022 Financial Results
INVESTORS & ANALYST PRESENTATION Q1 2022 Financial Results May 2022
Slide 4: Disclaimer
Disclaimer The information set out in this presentation and provided in the discussion subsequent thereto does not constitute an o er, an agreement, or a solicitation of an o er to buy or sell securities. It is solely for use at an investor presentation and is provided as information only. This pres
Slide 5: AQARAT Overview
AQARAT AQARAT BUSINESS FINANCIAL OVERVIEW STRATEGY OVERVIEW PERFORMANCE 01 02 03 04
Slide 6: Overview
Section 1 Overview
Slide 7: AQARAT Overview
AQARAT OVERVIEW 01 Investment & Real Estate Acquisition Development Advisory Service & Portfolio Management Property Facility Management Management Strength • AQARAT (Kuwait Real Estate Company K.P.S.C), a leading - KWD 230 million Real Estate development and investment company. in real estate asset
Slide 8: AQARAT Overview
AQARAT OVERVIEW 01 Financial Data Q1 2022 Q1 2021 % change YTD 2022 YTD 2021 % change Real Estate Rental Income 7,346,331 5,259,574 40% 7,346,331 5,259,574 40% Net Rental Income 5,700,743 4,643,849 23% 5,700,743 4,643,849 23% Income before NLST 2,223,267 2,192,541 1% 2,233,267 2,192,541 1% Finance c
Slide 9: AQARAT Overview
AQARAT Europe OVERVIEW 8.1 Million 01 USA 24.6 Million MENA KUWAIT 79 Million 211.5 Million 24,000,000 400,000,000 18,000,000 300,000,000 12,000,000 200,000,000 6,000,000 100,000,000 0 0 2014 2015 2016 2017 2018 2019 2020 2021 2014 2015 2016 2017 2018 2019 2020 2021 Total Liability Total Assets Tota
Slide 10: Strategy
Section 2 Strategy
Slide 11: Strategy
AQARAT STRATEGY 02 Consistent Operational Income • Enhance current rental & operational income and pro tability through maintaining and enhancing the quality of assets. Opportunistic Development & Acquisitions • Enhance the existing portfolio by maximizing the development of each asset and repositio
Slide 12: Business Overview
Section 3 Business Overview
Slide 13: Income Yielding Portfolio
BUSINESS OVERVIEW 03 INCOME YIELDING PORTFOLIO Kuwaiti Dinars Q1 2022 Q1 2021 YTD 2021 YTD 2020 Rental Income 7,346,331 5,259,574 7,346,331 5,259,574 Operating Expense (1,645,588) (615,725) (1,645,588) (615,725) Net Rental Income 5,700,743 4,643,849 5,700,743 4,643,849 Average Occupancy 89.4% 89.2%
Slide 14: Income Generating Portfolio
BUSINESS OVERVIEW 03 INCOME GENERATING PORTFOLIO • Healthy stabilized income generating portfolio growth in Q1 • The signi cant increase in rental income is mainly attributed to the inclusion of Domus 1 & 2 and Th8 Hotel to the portfolio • Yotel New York continued the recovery path • Domus 1 & 2 ach
Slide 15: Projects Under Development
BUSINESS OVERVIEW 03 PROJECTS UNDER DEVELOPMENT • Arabella Hotel construction on schedule • Yotel Miami TCO received with expected soft opening in June 2022 • Yotel Miami Residential Units hand over started • Construction mobilization commenced for Domus 3 &4
Slide 16: AQARAT Key Properties - Kuwait
BUSINESS OVERVIEW 03 AQARAT KEY PROPERTIES - KUWAIT Souk Al-Kuwait & Souk Al-Kabir Pearl Marzouq Arabella Since its inception in 1972, AQARAT has Located along the green lawn and Located adjacent to The Palms and SAS been a pioneer in developing and advancing promenade of the Scienti c Center hotels
Slide 17: AQARAT Key Properties - International
BUSINESS OVERVIEW AQARAT KEY PROPERTIES - INTERNATIONAL 03 Yotel San Francisco Flats Atlantic Station Yotel New York 944 Market Street- San Francisco YOTEL San Francisco is the The Flats Atlantic Station is a 86 The Yotel development consists of brand’s rst adaptive re-use of ce unit, 281 bed multif
Slide 18: AQARAT Key Developments - International
BUSINESS OVERVIEW 03 AQARAT KEY DEVELOPMENTS - INTERNATIONAL Yotel Miami Domus Th8 The Project consists of a 48- story LEED A state -of- the art , staff housing Inspired by cool chic Miami style living.The 8 Silver building containing 213 Yotel Miami accommodation located within close proximity desi
Slide 19: Financial Highlights
Section 4 Financial Highlights
Slide 20: AQARAT - Financial Performance
FINANCIAL HIGHLIGHTS 04 AQARAT- FINANCIAL PERFORMANCE Financial Data Q1 2022 Q1 2021 % change Real Estate Rental Income 7,346,331 5,259,574 40% Net Rental Income 5,700,743 4,643,849 23% Income before NLST 2,223,267 2,192,541 1% Finance cost -1,417,234 -1,434,756 -1% Net Income 2,008,825 1,848,964 9%
Slide 21: AQARAT - Financial Performance
FINANCIAL HIGHLIGHTS AQARAT- FINANCIAL PERFORMANCE 04 INCOME REAL ESTATE INCOME- KD Millions NET RENTAL INCOME- KD Millions NET PROFIT- KD Millions 9 9 4 8 8 3.5 40% 9% 7 7 3 23% 6 6 2.5 5 5 2 4 7.3 4 1.5 5.7 5.3 2.0 3 3 1 1.8 4.6 2 2 0.5 1 1 0 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 ASSETS
Slide 22: AQARAT - Financial Performance
FINANCIAL HIGHLIGHTS AQARAT- FINANCIAL PERFORMANCE 04 EQUITY SHAREHOLDER EQUITY- KD Millions RETURN ON ASSETS RETURN ON EQUITY 150 0.70% 1.570% 140 0.60% 1.560% 7% -1% 2% 130 0.50% 1.550% 120 0.40% 0.566% 0.569% 1.540% 129.1 1.556% 120.6 110 0.30% 1.530% 1.529% 100 0.20% 1.520% Q1 2022 Q1 2021 Q1 20
Slide 23: Questions
Section 4 Questions
Slide 24: For Further Information Please Contact
FOR FURTHER INFORMATION PLEASE CONTACT Investor.Relations@aqarat.com.kw 1828999 Kuwait Real Estate Company K.P.S.C. (AQARAT) Darwazat Abdul Raza`k Souk Al Kuwait BuildingBlock B, 8th Floor Kuwait Tel :+965 1828 999 Fax:+965 2241 8154 Website : www.aqarat.com.kw Email: info@aqarat.com.kw
Kuwait Real Estate Company K.P.S.C. (AQARAT) — Q1 2022 Earnings Presentation on 6ix