Alandalus Property Co. · TADAWUL:4320
Alandalus Property — Q3 2022 Earnings Presentation
29 slides from Alandalus Property's earnings presentation, Nov 1, 2022
Slide 1: Investor Presentation Q3 2022
Alandalus Property Q3 2022 Investor Presentation Q3 2022
Slide 2: Disclaimer
Disclaimer Alandalus Property Q3 2022 The information contained in this presentation is subject to change without further notice, its accuracy is not guaranteed, and it may not contain all material information concerning the company. Neither we nor our advisors make any representation regarding, and
Slide 3: Contents
Contents Alandalus Property Q3 2022 Overview 4 Operational Performance 12 Financial Performance 17 3
Slide 4: Overview
Overview Alandalus Property Q3 2022 4
Slide 5: Alandalus Property is a pioneering Tadawul-listed real estate company
Change picture Alandalus Property Q3 2022 Alandalus Property is a pioneering Tadawul-listed real estate company involved in the investment, development and operation of income- generating properties across the Kingdom of Saudi Arabia
Slide 6: Mission and Vision
Mission To develop and operate unique and compelling destinations differentiated by engaging guests, customers and communities through experiences that foster loyalty, frequency of visits and lifetime value which ultimately drive and sustain unparalleled growth Vision To become the most admired and
Slide 7: Q3 Performance at a Glance
Q3 Performance at a Glance Alandalus Property Q3 2022 10 m 161m 68% Total Mall Footfall Revenue (SAR) Gross Profit Margin 96% 60% 76% Avg Occupancy Rate of Operating Profit Margin EBITDA Margin Regional Malls Portfolio 7
Slide 8: Commercial Sectors
Commercial Sectors Alandalus Property Q3 2022 RETAIL HOSPITALITY OFFICES HEALTHCARE Super Regional Regional Strip Malls Malls Malls Al Andalus Salama West Jeddah Mall Hotel Tower Hospital QBIC Building 8
Slide 9: Strategic Objectives
Strategic Objectives Alandalus Property Q3 2022 Each business unit has a common set of strategic objectives that drive operations and functional focus Stakeholder Operational Project Strategic Investments Engagement Performance Acquisition & Partnerships Collaborate with all Drive footfall by Identi
Slide 10: Our Six Pillar Strategy to Enhance Value & Generate Growth
Alandalus Property Our Six Pillar Strategy to Enhance Value & Generate Growth Q3 2022 Pillars Retail Food & Interactive Neighboring Entertainment Services offerings Beverage Engagement Developments • Partner with key • Distinctive with • Unique, • Leverage • Physical and • Locate new retail houses m
Slide 11: Commercial Principles
Commercial Principles Alandalus Property Q3 2022 Assets should always be Retail and hospitality properties operative, never idle developed as standalone or mixed-use; healthcare properties developed only as mixed-use A healthy balance sheet APC not vertically integrated with liquid assets and low wi
Slide 12: Operational Performance
Operational Alandalus Property Q3 2022 Performance
Slide 13: Retail
Retail Alandalus Property Q3 2022 TYPE # OF MALLS GLA TOTAL FOOTFALL Super Regional 2 184k 7.4M Malls Regional Malls 1 47k 2.6M Strip Malls 4 27k N/A 13
Slide 14: Ongoing Investments
Ongoing Investments Alandalus Property Q3 2022 The Vallage Mall Location: ▪ Jeddah Type: ▪ Super Regional Mall Area: ▪ 124,880 sqm Ownership: ▪ Al-Jawhara Al-Kubra (25% APC) Total expected project cost: ▪ SAR 873 million Expected Opening: ▪ Q1 2023 West Jeddah Hospital Location: ▪ Jeddah Type ▪ Heal
Slide 15: Ongoing Investments
Ongoing Investments Alandalus Property Q3 2022 Al-Sawari District Land Project Location: ▪ Jeddah Type: ▪ BOD still studying the best investment for the land Area: ▪ 130,477 sqm Ownership: ▪ Sorouh Al-Marakez (25% APC) Umm Jurfan Land Project Location: ▪ Makkah Type: ▪ BOD still studying the best in
Slide 16: Ongoing Investments
Ongoing Investments Alandalus Property Q3 2022 Alandalus Mall Parking Lots Expansion Location: ▪ Jeddah Type: ▪ Adding an external space for food and beverage in addition to a parking building Area: ▪ 15000 m2 Ownership: ▪ Owned by AlAhli REIT Fund (1) where APC owns 68.73% of its stakes Total expec
Slide 17: Financial Performance
Financial Alandalus Property Q3 2022 Performance
Slide 18: Revenue
Revenue Alandalus Property Q3 2022 220 +11 % 214 161 m 100% 38.0% (SAR Millions) Revenue 5.4% 176 167.8 165 147 132 +1.46 % Retail 158 m 161 m 56.6% Q3 Hospitality Offices 0 2016 2017 2018 2019 2020 2021 Q3 2022 Q3 2022 18
Slide 19: Gross Income & Margin
Gross Income & Margin Alandalus Property Q3 2022 Gross Margin (%) Gross Income (SAR Million) 150 100% + 12.1 % 145.0 68% 68% 100 62% 58% 57% 58% 57% Gross Margin (SAR Millions) Gross Income 6Y Avg: 59.9% (%) +2.8 % 50 102.4 95.7 106.6 m 109.6 m 93.7 82.0 84.4 Q31 0 0% 2016 2017 2018 2019 2020 2021 Q
Slide 20: Operating Income & Margin
Operating Income & Margin Alandalus Property Q3 2022 Operating Margin (%) Operating Income (SAR Million) 150 100% 4.6% 76% 74% 100 60% Operating Income 59% 58% Operating Margin (SAR Millions) 6Y Avg: 58.8% 56% 59% 50% (%) 125.1 108.8 104.2 29% 50 99.9 92.6 -1.6 % 48.3 98 m 96.5 m Q3 0 0% 2016 2017 2
Slide 21: EBITDA & Margin
EBITDA & Margin Alandalus Property Q3 2022 EBITDA Margin (%) EBITDA (SAR Million) 150 150% 7.5 % 159.2 100 100% EBITDA Margin EBITDA Income 84% (SAR Millions) 83% 75.5% 71.6* 72% 6Y Avg (%) 67% 127.3 74% 122.0 48% 110.7 110.9 50 50% 81.2 - 1.6% 123 m 121 m Q3 0 0% 2016 2017 2018 2019 2020 2021 Q3 20
Slide 22: Net Income (shareholders) & Margin
Net Income (shareholders) & Margin Alandalus Property Q3 2022 Net Margin (%) Net Income (SAR Million) 150 100% 81% - 5.8% 70% 100 (SAR Millions) Net Margin Net Income 52% 46.3% (%) 44.2% 50% 1 41% 6Y Avg: 49.7% 118.4 68.0 50 91.8 2 65.0 48.0 11.8% - 7.4 % 57.6 m 14.341 3 53.3 Q3 m 0 0% 2016 2017 201
Slide 23: Return on Equity (ROE)
Return on Equity (ROE) Alandalus Property Q3 2022 10.9 10.1 6.42 5.94 5.8 6Y Avg: 6.4% 4.1 1.3 0% 2016 2017 2018 2019 2020 2021 Q3 2022 23
Slide 24: Return on Assets (ROA)
Return on Assets (ROA) Alandalus Property Q3 2022 7.9% 8.3% 6Y Avg: 5.2% 4.4% 5.2% 4.6% 4.18% 0.9% 0% 2016 2017 2018 2019 2020 2021 Q3 2022 24
Slide 25: Funds From Operations (FFO)
Funds From Operations (FFO) Alandalus Property Q3 2022 FFO % of Revenue FFO (SAR Million) 8.2 % 100% 140 93% 181.6 88% 84.7% 6Y Avg: 72.2 % 70% 90 61% 50.8% 50% 122.6 129.7 36% 117.7 100.7 82 m 40 63.6 134 m Q3 -7.2 m -10 0% 2016 2017 2018 2019 2020 2021 Q3 2022 25
Slide 26: Liquidity
Liquidity Alandalus Property Q3 2022 Net Working Capital -0.3% 279,398 166,976 185,864 160,532 192,460 191,966 -61,189 2016 2017 2018 2019 2020 2021 Q3 2022 Current Ratio 2.3 3.00 2.72 2.50 2.56 2.64 2.55 0.49 2016 2017 2018 2019 2020 2021 Q3 2022 26
Slide 27: Leverage
Leverage Alandalus Property Q3 2022 Debt-Equity Ratio 0.6 0.64 0.67 0.37 0.25 0.18 0.07 2016 2017 2018 2019 2020 2021 Q3 2022 * Debt-Assets Ratio 0.376 0.39 0.4 0.2684 0.2 0.17 0.07 2016 2017 2018 2019 2020 2021 Q3 2022 * Note: * Debt-Equity ratio and Debt-Asset ratio would be 57% and 34%, respectiv
Slide 28: Consolidated Balance Sheet as at September 2022
Consolidated Balance Sheet as at 30 September 2022 Alandalus Property Q3 2022 Total Assets (SAR million) Total Liabilities & Equity (SAR million) 2,045 2,064 2,045 2,064 106 124 531 525 692 707 1,215 1,224 1,076 1,070 300 316 172 164 2021 2022 2021 2022 Investments Fixed Assets Current Assets Curren
Slide 29: For more details on Alandalus Property
For more details on Alandalus Property, please visit http://www.alandalus.com.sa For further information, contact: Abdulrahman Al Shaye Phone: +966 11 4700735 Ext. 888 Email: [email protected]