Dar Al Arkan Real Estate Development Co. · TADAWUL:4300
Dar Al Arkan Real Estate Development — Q3 2019 Earnings Presentation
23 slides from Dar Al Arkan Real Estate Development's earnings presentation, 2019
Slide 1: Investor Presentation Q3, 2019
Investor Presentation Q3, 2019 www.daralarkan.com
Slide 2: Table of Contents
Table of Contents Content Page No. 1. Macro Economic Overview & KSA Real Estate Market 3 2. Overview of Dar Al Arkan 6 3. Financial Performance Overview 10 4. Overview of Assets Portfolio 14 5. Appendix 18 2
Slide 3: Macro Economic Overview & KSA Real Estate Market
Divider Page 1. Macro Economic Divider Page& KSA Overview Real Estate Market 3
Slide 4: Macroeconomic Overview
Macroeconomic Overview The Government is committed to drive the economy. It has announced the largest ever budget of SAR 1.1 trillion for 2019 keeping the objectives of Vision 2030 in focus. This, along with opening of the economy for business, is expected to boost and diversify the economy. GDP Gro
Slide 5: KSA Real Estate Sector Overview
KSA Real Estate Sector Overview Value of Real Estate Transactions in KSA (SAR bn) KSA Real Estate Price Index (QoQ) 1.0% 80 0.4% -0.3% 27.1 0.0% -0.4% 60 -0.4% -0.6% -0.5% -0.7% 13.6 -1.0% 40 13.9 10.3 17.4 -1.6% 11.6 8.7 8.9 50.6 7.3 -2.0% -2.3% 20 36.8 31.9 34.3 26.5 27.1 23.4 27.5 18.8 0 -3.0% Q3
Slide 6: Overview of Dar Al Arkan
2. Overview of DarDivider Page Al Arkan Divider Page
Slide 7: Company Overview
Company Overview Prudent Real Estate Acquisition Strong Financial Position Diversification Strategies Paying Off In soft market conditions, management’s DAAR maintains a strong balance sheet with DAAR’s strategy is to generate revenue rigorous acquisition policies are proving SAR 7.3 bn in cash and
Slide 8: Q3 2019 – Key Business Indicators
Q3 2019 – Key Business Indicators Investment in Revenues (LTM) -56% EBITDA (LTM) -43% Development Properties (LTM) +63% SAR 3,497 mn SAR 800 mn SAR 4,151 mn (At Q3 2018 : SAR 8,001 mn) (At Q3 2018 : SAR 1,398 mn) (At Q3 2018 : SAR 2,542 mn) Gross Debt/ Cash and Bank Book Value Per Share Capitalizati
Slide 9: Dar Al Arkan Real Estate Assets
Dar Al Arkan Real Estate Assets DAAR’s total Real Estate Properties as per the financial DAAR has a strong pipeline of projects across the Kingdom statements is SAR 16.8 bn. totaling 12.4 mn sqm. Real Estate Properties Break up - SAR bn Projects Lands Break up (Sqm) Al Tilal Shams Al Project Lan
Slide 10: Financial Performance Overview
Divider Page 3. Financial DividerPerformance Page Overview 10
Slide 11: Financial Performance – Q3 2019 Profitability
Financial Performance – Q3 2019 Profitability Quarterly Revenues (SAR mn) Gross Profit (SAR mn) & Margin (%) 3,000 500 28% 30% 24% 475 2,500 2,794 465 400 22% 2,435 19% 2,000 17% 18% 20% 17% 300 353 15% 19% 1,500 1,785 1,483 266 251 200 1,000 202 10% 988 928 899 165 152 159 500 846 824 100 - 0 0% Q3
Slide 12: Financial Performance – Q3 2019 Cash Flow
Financial Performance – Q3 2019 Cash Flow Cash Flow (SAR mn) 8,000 Income / Sources of Cash Uses of Cash 6,000 107 648 358 83 4 4,000 899 3,888 2,000 3,472 - Starting Cash Revenue Working Capital Debt Repayment Opex Investment in Maintenance Ending Cash Properties capex DAAR’s liquidity position r
Slide 13: Financial Performance – Q3 2019 Debt
Financial Performance – Q3 2019 Debt Gross Debt Vs Net Debt (SAR mn) Debt* / Capitalization 9,000 8,272 40% 7,500 6,938 6,830 6,747 6,663 6,480 6,430 25% 5,782 30% 26% 25% 5,699 6,000 22% 23.3% 22.9% 2,959 5,240 3,160 20% 4,500 4,937 4,903 5,160 4,710 3,472 21% 3,888 3,000 10% 14% 3,979 3,320 1,500
Slide 14: Overview of Assets Portfolio
Divider Page Divider Pageof 4. Overview Assets Portfolio
Slide 15: Residential & Commercial Development Projects
Residential & Commercial Development Projects Riyadh Projects Jeddah Projects Eastern Province Projects I Love Florence, Dubai - Situated in the Al-Ammariyah district (King Khalid Road), part of the - The site is situated 12 kms from - The project is located in the - The I Love Florence Tower projec
Slide 16: Portfolio Summary – Completed Residential Properties
Portfolio Summary – Completed Residential Properties Parisiana South Parisiana Living Naeem Eljiwar - Located in Riyadh city and easily accessed - Located in Riyadh city and easily - Located within the boundary of the through King Fahad Road and major accessed through King Fahad Road, Prophet’s Mosq
Slide 17: Leasing Properties Portfolio
Leasing Properties Portfolio Al-Qasr Mall, Riyadh Land Area 61,949 m² Built up Area 220,202 m² Gross Leasable Area 78,958 m² No. of floors 3 Leasable Floors plus two parking Latest Activity: • More than 90% occupancy achieved. • Cinema multiplex with 15 screens opened in March 2019. • Bowling activi
Slide 18: Appendix
Divider Page Divider 5. Page Appendix
Slide 19: Appendix I – Statement of Profit or Loss
Appendix I – Statement of Profit or Loss 9 Months Ended 9 Months Ended SAR in 000s FY 2017 FY 2018 Q3 – 2018 Q3 - 2019 2018 2019 Revenue 4,734,682 6,412,265 5,566,171 2,650,934 987,627 899,408 Cost of revenue (3,620,672) (5,355,114) (4,660,883) (2,039,366) (822,955) (648,844) Gross profit 1,114,010
Slide 20: Appendix II – Statement of Financial Position
Appendix II – Statement of Financial Position SAR in 000s FY 2017 FY 2018 Q3 – 2018 Q3 - 2019 Investment properties, net 3,290,010 1,693,141 3,231,894 1,662,399 Long-term development properties 14,751,565 14,148,262 11,997,327 14,764,037 Property and equipment, net 70,925 83,085 83,357 82,366 Invest
Slide 21: Appendix III – Statement of Cash Flows
Appendix III – Statement of Cash Flows 9 Months Ended 9 Months Ended SAR in 000s FY 2017 FY 2018 2018 2019 Profit before Zakat 567,811 521,855 488,493 241,369 Adjustments for: Depreciation & Amortization 76,775 78,355 58,586 40,620 End of service indemnities 5,129 4,122 3,538 2,310 Finance costs 441
Slide 22: Disclaimer
Disclaimer THIS PRESENTATION IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES. THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS P
Slide 23: Thank you
Investor Relations Riyadh – Saudi Arabia Thank you Tel: +966 11 206 9888 Ext:1670 ir@alarkan.com
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