Al Dar Properties · ADX:ALDAR
Al Dar Properties — Non-Deal Roadshow (June 2015)
18 slides from Al Dar Properties's roadshow presentation, Jun 10, 2015
Slide 1: UBS European Roadshow
ALDAR UBS European Roadshow Tn ) 10-11 June 2015
Slide 2: Aldar at a glance
Aldar at a glance Largest real estate company in Abu Dhabi AED 21.9 billion market capitalisation¹ AED 38 billion in assets 77 million sqm landbank In 2014, handed over 7,000 units to customers and asset management portfolio Over 20 projects currently under assessment for development ¹ M
Slide 3: Clear strategy – delivering on our promises
Clear strategy – delivering on our promises ■ Execution of our strategy Maximize value ■ Delivering a growth in our recurring of our revenue assets with the launch of Yas recurring revenue assets Mall and leasing of Gate and al rayyana residential assets Focus on ■ Further deleveraging and refinanci
Slide 4: Abu Dhabi Market Overview
Abu Dhabi Market Overview Q1 2014 Q1 2015 Residential Rental Rents Rental Rents Growth Falling Growth Falling Slowing Slowing Rental Growth Rents Rental Growth Rents Accelerating Bottoming Out Accelerating Bottoming Out Residential Hotel* Office Hotel* Retail Office Retail Positive recovery in the A
Slide 5: Business model – three business segments
Business model – three business segments Development Asset Management Adjacent businesses Property development Retail Schools - Aldar Development Residential Academies management Office Properties and Facilities management - Khidmah Hotel Construction - Pivot
Slide 6: Development
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Slide 7: Track record delivering high quality developments
Track record delivering high quality developments Aldar has been a key developer in the Abu Dhabi story, delivering 23,000 residential units into the market, of which over 7,000 have been handed over to the Government of Abu Dhabi as part of its National Housing initiative
Slide 8: Development Plan – destination development
Development Plan – destination development Yas Island - entertainment and leisure destination Shams Al Reem Island – high density, urban Al Raha destination Beach – luxury, family living destination Development plan focused on destination development - 7,300 unit plan over 4/5 year period starting i
Slide 9: 2015 development announcement and launches
2015 development announcement and launches Four residential development launches and announcements – close to 2,400 units Al Merief ‒ Al Merief – 281 land plot unit – sold out ‒ Three Cityscape development announcements (April 2015) • Meera – 400 units, mid-income, Shams Island, investment zone •
Slide 10: Strategic partner for the Government of Abu Dhabi
Strategic partner for the Government of Abu Dhabi Aldar has delivered and continues to work with the Government of Abu Dhabi on projects - ~AED 50bn in Government projects executed or under execution Leading Developer of Government Projects and Infrastructure Al Falah Town Center Villas AD Science
Slide 11: Asset Management
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Slide 12: Diverse recurring revenue portfolio
Diverse recurring revenue portfolio Retail Space Under Management Retail Retail Space Under Residential Management Aldar owns retail space across 25 developments Aldar owns residential units across 10 developments Leased Leased Yas Mall - 99%, 320 units of 370 trading (Q1 2015) 96% (Q1 2015) Yas Mal
Slide 13: Strong Growth in Recurring Income
Strong Growth in Recurring Income Diversified and Growing Recurring Income 1,800 ~1,600 % Contribution to stabilised NOI 1,600 1,400 5% 35% 15% 1,200 AED MN 1,000 1,000 800 700 15% 600 400 200 30% 0 2013A 2014A 2016E Residential Retail Office Hotels Others Total Growth in recurring income driven by
Slide 14: Financials
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Slide 15: Q1 Financial Highlights
Q1 Financial Highlights Q1 2015 Q1 2014 Movement 2014FY Revenue (AEDm) 1,385 1,719 (19)% 6,551 Recurring revenue assets – revenues 703 497 41% 2,249 Gross Profit (AEDm) 647 347 86% 1,518 Recurring revenue assets – gross profit 368 228 61% 1,010 Net Profit (AEDm) 620 456 36% 2,266 Gross Debt (AEDm) 8
Slide 16: Debt strategy well on track
Debt strategy well on track ■ AED6.1 billion refinancing completed in 2014, supporting weighted average interest rate of debt falling to 2.7% as at 31 December 2014 from 5.9% as at 31 December 2013 ■ Moody’s and S&P upgrades to ‘investment grade’ in November and December 2014 respectively ■ Current
Slide 17: Summary
Summary Dominant real estate player in Abu Dhabi, linked to Abu Dhabi story Clear strategy to grow recurring revenues Strong development plan in place Focus on destination development and asset enhancement Strong balance sheet and debt strategy well on track Government of Abu Dhabi remai
Slide 18: Investor Relations – Contacts
Investor Relations – Contacts Chris Wilson T: +971 2 810 5624 M: +971 56 446 0501 E: [email protected]