Dar Al Arkan Real Estate Development Co. · TADAWUL:4300
Dar Al Arkan Real Estate Development — Q1 2024 Earnings Presentation
34 slides from Dar Al Arkan Real Estate Development's earnings presentation, 2024
Slide 1: Dar Al Arkan
DAR AL ARKAN UL _<jXI jlo
Slide 2: Investor Presentation Q1 2024
Investor Presentation Q1 2024 2
Slide 3: Table of Contents
Table of Contents Page No. 1. Macro Economic Overview & KSA Real Estate Market 4 2. Key Business Indicators Overview 9 3. Financial Performance Overview 12 4. Overview of Assets Portfolio 16 5. International Projects Developed by Dar Global PLC 21 6. Appendix 27 3
Slide 4: Macro Economic Overview & KSA Real Estate Market
MACRO ECONOMIC OVERVIEW 1| & KSA REAL ESTATE MARKET 4
Slide 5: Growth was slowed down in 2023 after an accelerated growth in 2022
Macroeconomic Overview Growth was slowed down in 2023 after an accelerated growth in 2022 Budget deficit in Q1 2024 lower than Average Brent Oil Prices GDP fall moderated in Q1 2024 anticipated 110 101 10.0% 5% 90 82 83 71 3% 2.6% 64 8.0% 8.7% 70 1% 50 42 6.0% 5.7% 5.1% -1%2020 2021 2022 2023 2024P
Slide 6: KSA Real Estate Sector Overview
KSA Real Estate Sector Overview The strong long-term fundamentals of the market remain intact Positive Demographic Trends Widening Supply Deficit Government Support KSA Total Population (Age/Gender) Male Female 3 Millions 3 2 2 1 1 0 65-69 70-74 75-79 80+ 10 - 14 15 - 19 20 - 24 25 - 29 30 - 34 35 -
Slide 7: Residential & Commercial deals reach the highest increase since Q1-22
KSA Real Estate Sector Overview Residential & Commercial deals reach the highest increased QoQ and YoY since Q1-22 44 450 410 380 360 321 140.1 122.5 270 110.1 249 209 207 194 189 99.1 166 159 180 71.1 77.5 131 38.9 60.1 75.3 257.2 270.0 43.7 210.7 38.0 90 149.8 137.6 126.9 115.2 128.4 129.8 118.5 9
Slide 8: The Real Estate Price Index slightly increased QoQ in Q1 2024
KSA Real Estate Sector Overview The Real Estate Price Index slightly increased QoQ in Q1 2024 KSA Real Estate Price Index (YoY) KSA Real Estate Price Index (QoQ) 1.2% 1.0% 1.0% 0.6% 0.8% 0.9% 0.5% 0.7% 0.3% 0.3% 0.2% 0.3% 0.1% 0.6% 0.0% 0.6% 0.0% -0.1% 0.3% 0.2% 0.0% -1.0% Q1-23 Q2-23 Q3-23 Q4-23 Q1
Slide 9: Key Business Indicators Overview
KEY BUSINESS INDICATORS 2| OVERVIEW 9
Slide 10: Q1 2024 – Key Business Indicators
Q1 2024 – Key Business Indicators Investment In Revenues (LTM) -8.6% EBITDA (LTM) 34.6% Development Properties (LTM) -7.8% SAR 2,808 mn SAR 1,504 mn SAR 2,994 mn (Q1 2023 : SAR 3,070 mn) (Q1 2023 : SAR 1,117 mn) (Q1 2023 : SAR 3,247 mn) Gross Debt/ Cash And Bank Book Value Per Share Capitalization S
Slide 11: Dar Al Arkan Real Estate Assets
Dar Al Arkan Real Estate Assets ▪ DAAR’s Real Estate assets portfolio at cost is SAR 21.7 bn. ▪ DAAR has a strong pipeline of projects across the Kingdom totaling 13.0 mn sqm. Real Estate Properties Break up - SAR bn Total Land Area – SQM mn 57% 33% Investments in Project Lands & Lands, 16.0 Propert
Slide 12: Financial Performance Overview
FINANCIAL PERFORMANCE 3| OVERVIEW 12
Slide 13: Financial Performance – Q1 2024 Profitability
Financial Performance – Q1 2024 Profitability 1,800 600 563 50% 1,619 Gross 41% Profit (SAR mn) & Margin (%) 42% 1,600 Quarterly Revenues (SAR mn) 45% 19 39% 40% 41% 27 500 39% 38% 1,400 35% 36% 40% 35% 1,200 400 345 356 304 301 30% 1,000 886 826 865 316 300 245 24 285 26 25% 743 764 1 544 24 800 1,
Slide 14: Financial Performance – Q1 2024 Cash Flow
Financial Performance – Q1 2024 Cash Flow Cash Flow – Q1 2024 (SAR mn) Income / Sources of Cash Uses of Cash / Expenses 14,000 12,000 10,000 8,000 203 1 220 750 192 789 6,000 865 1 4,000 5,450 5,659 2,000 - Starting Cash Revenue New Debt Working Capital Acquisition of a Debt Opex Investment in Maint
Slide 15: Financial Performance – Q1 2024 Debt
Financial Performance – Q1 2024 Debt Gross Debt Vs Net Debt (SAR mn) 40% Debt* / Capitalization 12,000 10,742 10,840 10,697 33% 35% 36% 34% 33% 34% 10,290 10,163 29% 30% 30% 9,387 10,000 30% 8,378 8,367 7,823 8,000 5,929 5,659 6,608 5,710 5,450 5,034 20% 3,866 4,168 6,000 4,636 4,000 15% 16% 16% 15%
Slide 16: Overview of Assets Portfolio
OVERVIEW OF ASSETS 4| PORTFOLIO 16
Slide 17: Shams Ar Riyadh – Key Facts
Residential & Commercial Development Projects - KSA Shams Ar Riyadh – Key Facts Location - Situated in the Al-Ammariyah district (King Khalid Road), part of the growing northwest corridor of Riyadh, Shams Ar Riyadh is close to the heart of the city and is located just 19 km from KKI Airport and 9 km
Slide 18: Residential & Commercial Development Projects - KSA
Residential & Commercial Development Projects - KSA Parisiana South Shams Al Arous Juman Project Dar Al Mashaer - Located in Riyadh city and easily - Shams Al Arous is a master-planned, - Juman project is strategically located - Located in holy city of Mecca on the Al accessed through King Fahad bes
Slide 19: Residential & Commercial Development Projects - KSA
Residential & Commercial Development Projects - KSA Commendatore Tower- Jeddah Etoile Villas, Sedra- Riyadh Buraidah Hills, Qassim - The Commendatore Tower is to be built on a - Dar Al Arkan had won a contract to develop - Located in Buraidah city of Al-Qassim total land area of 11,928 sqm, comprise
Slide 20: Leasing Properties Portfolio
Leasing Properties Portfolio Al-Qasr Mall, Riyadh Land Area 61,949 m² Built up Area 234,147 m² Gross Leasable Area 75,108 m² No. of floors 3 Leasable Floors plus two parking Parking 1,579 Parking Spaces Latest Activity: ▪ 91% occupancy achieved by the end of Q1 2024. ▪ Total footfall for 2023 exceed
Slide 21: International Projects Developed by Dar Global PLC
INTERNATIONAL PROJECTS 5| DEVELOPED BY DAR GLOBAL PLC 21
Slide 22: Notable Changes During The Reporting Period
Notable Changes During The Reporting Period Dar Global Accounting and Project Update (Reference to note 29 of interim consolidated financial statements) - On 28 February 2023, Dar Global PLC, an indirectly wholly owned subsidiary of the Group, had listed its shares on the London Stock Exchange’s mai
Slide 23: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Urban Oasis Tower, Dubai Da Vinci Tower, Dubai W Residences, Dubai DG 1, Dubai - The Urban Oasis Tower is located in - Da Vinci Tower is a residential - The W Residences is a residential - DG 1 (Dar Global 1) Tower is located in the the Business Bay
Slide 24: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Sidra Project Aida, Oman Les Vagues, Qatar - The Sidra project site is situated in Ravne, Vareš, - In Dec 2021, Dar Al Arkan signed an MOU with - Les Vagues by Elie Saab sets new standards of 38 km outside Sarajevo, Capital of Bosnia & Omran to deve
Slide 25: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC Tierra Viva, Spain Marea, Finca Cortesin, Spain Tabano, Spain - Tierra Viva in Behanavís – Costa del Sol is an - Marea, our second project in Spain was unveiled - Dar Tabano acquired six plots of land in exclusive residential community of 53 in Augu
Slide 26: International Projects Developed by Dar Global PLC
International Projects Developed by Dar Global PLC 8min-to-Central, London Oh So Close, London Old Park Lane, London - Experience the finest in contemporary living in - Oh So Close offers an extraordinary residential - Dar Al Arkan Global UK Holdings Ltd and FCP the exclusive 8min-to-Central residen
Slide 27: Appendix
6| APPENDIX 27
Slide 28: Appendix I – Statement of Financial Position
Appendix I – Statement of Financial Position SAR in 000s FY 2021 FY 2022 FY 2023 Q1 2023 Q1 2024 Investment properties, net 1,110,414 1,077,808 1,028,213 1,057,839 1,016,241 Long-term development properties 19,285,287 20,563,563 20,261,809 19,186,003 20,553,813 Property and equipment, net 77,653 86,
Slide 29: Appendix II – Statement of Profit or Loss
Appendix II – Statement of Profit or Loss SAR in 000s FY 2020 FY 2021 FY 2022 FY 2023 Q1 2023 Q1 2024 Revenue 1,944,854 2,493,078 3,925,499 2,707,100 764,323 864,920 Cost of revenue (1,270,204) (1,596,350) (2,467,912) (1,636,694) (463,483) (509,123) Gross profit 674,650 896,728 1,457,587 1,070,406 3
Slide 30: Appendix III – Statement of Cash Flows
Appendix III – Statement of Cash Flows SAR in 000s FY 2021 FY 2022 FY 2023 Q1 2023 Q1 2024 Profit before Zakat 135,442 588,386 626,418 120,641 157,531 Adjustments for: Depreciation & Amortization 48,905 50,182 50,247 11,382 13,457 Provision for expected credit losses 4,453 0 0 0 0 Donations 0 1,637
Slide 31: Disclaimer
Disclaimer THIS PRESENTATION IS NOT FOR PUBLICATION, RELEASE OR himself independently based solely on the prospectus in relation to such securities DISTRIBUTION, DIRECTLY OR INDIRECTLY, INTO AUSTRALIA, CANADA, (including any supplement thereto) available when orders are confirmed before taking JAPAN
Slide 32: Our Offices
OUR OFFICES RIYADH, KSA BEIJING, CHINA LONDON, UK MARBELLA, DUBAI, UAE 12622 Makkah Road, 303-309, North Tower, 50 Hans Crescent, Conrad Dubai, Al Wizarat, Beijing Kerry Centre, Knightsbridge, SPAIN Sheikh Zayed Road, Beside Riyadh Marriott Hotel, No.1 Guanghua Road, London, SW1X ONA Marbella’s Gold
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Slide 34: Thank you
Investor Relations Thank you Riyadh – Saudi Arabia Tel: +966 11 206 9888 Ext:1680 ir@alarkan.com 34
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