Mabanee Company (sakc) · KSE:MABANEE
Mabanee Company (sakc) — Mabanee Company — FY2024 Earnings Presentation
28 slides from Mabanee Company (sakc)'s earnings presentation, Feb 2, 2025
Slide 1: Analyst/Investors Conference Presentation cover letter to Boursa Kuwait
rl ggabanee To: Boursa Kuwait Company Subject: Analyst/Investors Conference Presentation for the 2025/02/02 : Date ~ lal 2025/38 /ae + Ref. jy ciagSll dye 992 AS pt / SaLua Com Crs potthall/cnllohl poTgah csteditll ; yo pall if gta gh! year ended on 31/12/2024 As per requirements stipulated in artic
Slide 2: Q4 - 2024 Results Presentation
Q4 - 2024 Results Presentation Year Ended December 31, 2024
Slide 3: Disclaimer
DISCLAIMER 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 provided as information only. This pr
Slide 4: Content
CONTENT 4 PERFORMANCE HIGHLIGHTS 5 • THE AVENUES • SABAH AL AHMAD (S3) KUWAIT • HILTON GARDEN INN • AVENTURA - (J3) OPERATIONAL PROJECTS • WALDORF ASTORIA • BLAJ-13 (Hilton Kuwait Resort) 12 • THE AVENUES - BAHRAIN BAHRAIN • HILTON GARDEN INN • THE AVENUES - BAHRAIN II 16 • THE AVENUES - RIYADH KSA
Slide 5: Performance Highlights Q4 - 2024
PERFORMANCE HIGHLIGHTS Q4 - 2024 Strong Group KD 132.83mn KD 95.01mn KD 65.21mn performance +1.94% +3.43% +0.34% • Revenue • Adj. EBITDA • Net Profit • Preliminary agreement signed to sell plots in Salmiya for KD 28 million. Business • The Avenues Bahrain Phase II set for soft opening in H1 2025. Hi
Slide 6: Kuwait
KUWAIT • AVENTURA (J3) • THE AVENUES - HILTON GARDEN INN - WALDORF ASTORIA • PLAGE-13 (HILTON KUWAIT RESORT) • SABAH AL AHMAD (S3) 5
Slide 7: The Avenues - Kuwait
THE AVENUES - KUWAIT BUILT-UP AREA 1,300,000 sqm 12 DISTRICTS STORES 1,100+ • The Avenues’ occupancy rate was 97% as of Q4 2024. CINEMAS 28 • The Avenues has experienced an increase in footfall during 2024 due to numerous events throughout the year. PARKING 13,000 • Mabanee continues to efficiently
Slide 8: Hilton Garden Inn Waldorf Astoria
HILTON GARDEN INN WALDORF ASTORIA BUILT-UP AREA 35,000 sqm NO. KEY 385 Hilton Group OPERATOR • Main occupancy driver for the Hilton Garden • The Waldorf Astoria Hotel has experienced a Inn continues to be through corporate business period of good occupancy of 46% during 2024. and trainings, with a n
Slide 9: Aventura (J3) - Kuwait
AVENTURA (J3) - KUWAIT CMYK MABANEE’S MANAGEMENT 100% MABANEES OWNERSHIP 35% PPP project PROJECT TYPE BUA 295,000 sqm MALL GLA 108,200 sqm NUMBER OF UNITS • The residential component, ‘Aventura Residences’ is at current progress of 72%. 445 Q1 Q2 Q2 Q3- 2026 Q4 • Leasing and marketing activities act
Slide 10: Sabah Al Ahmad (S3) - Kuwait
SABAH AL AHMAD (S3) - KUWAIT MABANEE’S MANAGEMENT 100% MABANEE’S OWNERSHIP 100% PPP project PROJECT TYPE 32,451 • Located in Sabah Al-Ahmad City, the project includes a traditional souk and three-star hotel SOUK PLOT AREA sqm component. 110 • Mobilization works are completed, and enabling works have
Slide 11: Plage-13 (Hilton Kuwait Resort)
PLAGE-13 (Hilton Kuwait Resort) PLAGE-13 MABANEE’S MANAGEMENT 100% PLAGE-13 242,436 LAND AREA (m2) sqm • The project will include a 16-month renovation period once the site is handed over by Touristic Enterprises Company and a subsequent 17-year investment period with TEC. 70,925 BUA (m2) sqm • A Br
Slide 12: Bahrain
BAHRAIN • THE AVENUES - BAHRAIN • HILTON GARDEN INN - BAHRAIN 11
Slide 13: The Avenues - Bahrain
THE AVENUES - BAHRAIN MABANEE’S OWNERSHIP 35% MABANEE MANAGEMENT BAHRAIN 136,000 BUILT-UP AREA sqm 3+ DISTRICTS • Occupancy rate of 97% as of the fourth quarter of 2024. 120 UNITS • Continues to be a popular destination for visitors and locals alike. • The Avenues Bahrain has experienced an increase
Slide 14: The Avenues - Bahrain II
THE AVENUES - BAHRAIN II MABANEE’S OWNERSHIP 35% MABANEE MANAGEMENT BAHRAIN BUILT-UP AREA 115,870 sqm • Soft opening of Phase II is scheduled for H1 2025, and official launch following later in Q2 2025. UNITS 248 • Extension will provide new entertainment components including an ice-skating rink, wi
Slide 15: Hilton Garden Inn - Bahrain
HILTON GARDEN INN - BAHRAIN MABANEE’S OWNERSHIP 35% BUILT-UP AREA 23,500 sqm 192 NO. KEY • Hotel is performing at an average occupancy of 67%. HILTON GROUP • Continues to be a popular choice for business travelers and visitors alike. OPERATOR • Enhancements to the Hilton Garden Inn internal and exte
Slide 16: KSA
KSA • THE AVENUES - KHOBAR • THE AVENUES - RIYADH 15
Slide 17: The Avenues - Riyadh
THE AVENUES - RIYADH MABANEE’S OWNERSHIP 80% SHOMOUL MANAGEMENT HOLDING 1,800,000 MALL & INFRA- STRUCTURE BUA sqm 1,700 • Construction is progressing according to schedule for the mall component, scheduled for STORES completion in Q3 2026. 15,000 • Overall progress is at 61% for the mall component.
Slide 18: The Avenues - Khobar
THE AVENUES - KHOBAR MABANEE’S OWNERSHIP 80% SHOMOUL MANAGEMENT HOLDING BUILT-UP AREA 696,000 sqm STORES 700 • Expected completion of the project is Q2-Q3 2027. 6,400 • Overall progress for the mall and mixed-use tower has reached 14%, according to project schedule. PARKING • The Mixed-Use tower inc
Slide 19: Estimated Projects Timeline (Under Development)
ESTIMATED PROJECTS TIMELINE (UNDER DEVELOPMENT) 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 THE KINGDOM OF AVENUES RIYADH SAUDI ARABIA THE KINGDOM OF AVENUES KHOBAR SAUDI ARABIA KINGDOM OF AVENUES BAHRAIN-WEST EXPANSION BAHRAIN KUWAIT J3-AVENTURA KUWAIT S3-SOUK SABAH KUWAIT PLAGE-13 * Projects
Slide 20: Financial Performance Highlights
Financial Performance Highlights Q4 - 2024
Slide 21: Profitability Indicators
Profitability Indicators The net profit for the twelve months ending December 2024 increased compared to the last fiscal year ending 2023 on account of stable operational performance and effective cash management. While operating and non-operating income contributed to the overall increase, this gro
Slide 22: Profitability Indicators (Continued)
Profitability Indicators (Continued) The returns are in line with the growing asset and equity base. 21
Slide 23: Performance Ratios - The Group
Performance Ratios - The Group The Group has added KD 2.5mn to the top line revenue which is on account revenue enhancement initiatives by the Operation’s Team. In addition, the Hotels have delivered better results y-o-y due to the recently concluded Khaleeji Cup. The GOP margins are stable in a per
Slide 24: Appendix
Appendix tsLpo ayabanee
Slide 25: Consolidated Statement of Income
Consolidated Statement of Income 24
Slide 26: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 25
Slide 27: Q&As
Q&As 26
Slide 28: Thank You
Thank You MABANEE COMPANY K.P.S.C P.O. Box 5132 Safat l 13052 Kuwait +965 222 444 29 investorsrelations@mabanee.com www.mabanee.com Mabanee Company @mabaneeco MABANEE MABK.KW MABANEE.KW MABANEE KK