Al Dar Properties · ADX:ALDAR
Al Dar Properties — Investor Presentation (August 2025)
60 slides from Al Dar Properties's investor presentation, August 2025
Slide 1: Investor Presentation
INVESTOR PRESENTATION Aldar Properties August 2025
Slide 2: Aldar Properties Overview
ALDAR PROPERTIES OVERVIEW Aldar Properties Investor Presentation August 2025
Slide 3: 20 Years of History & Experience
20 YEARS OF HISTORY & EXPERIENCE Enabling us to mobilise, optimise and provide exceptional services in the real estate market Significant Milestones 2005 2013 2018 2020 2021 2022 2023 2024 Aldar Properties Sorouh Real Estate Launched established as New JV with Expo City merger residential sales Abu
Slide 4: Aldar Properties Diversified Business Model
ALDAR PROPERTIES DIVERSIFIED BUSINESS MODEL1 (31 DEC 2024) Leading real estate developer, operator and asset manager with two core businesses: Aldar Development & Aldar Investment Revenue AED 23.0bn MSCI Index BBB Market Cap5 AED 77bn EBITDA AED 7.7bn DJSI 61 Moody’s Credit Rating Baa26 Net Profit A
Slide 5: Strong Execution on Growth & Expansion Strategy
STRONG EXECUTION ON GROWTH & EXPANSION STRATEGY An Abu Dhabi based company, leveraging the strengths of its 2020 operating model, delivering an elevated platform in terms of scale, efficiencies and diversification in 2024 AED bn 2020 2024 4 -yr CAGR Market Cap 24.8 60.4 ~2.4x 25% 4-yr TSR 178% Reven
Slide 6: H1 2025 Group Financial Highlights
H1 2025 GROUP FINANCIAL HIGHLIGHTS Sustained growth driven by ongoing execution of development revenue backlog, record development sales and contributions from recurring income portfolio (AED mn) H1 25 H1 24 YoY FY 24 FY 23 YoY Revenue 15,527 10,918 42% 22,998 14,161 62% Gross profit 5,342 3,850 39%
Slide 7: Strong Group Financial Performance
STRONG GROUP FINANCIAL PERFORMANCE Poised for growth through strategic deployment of surplus capital into new asset classes and geographies Revenue (AED bn) Net profit after tax (AED bn) 23.0 6.5 14.2 11.2 4.4 8.6 +62% 3.1 8.4 7.1 YoY 2.3 +47% 1.9 1.9 YoY 2019 2020 2021 2022 2023 2024 2019 2020 2021
Slide 8: Aldar Development (1/2)
ALDAR DEVELOPMENT (1/2) Strong performance in H1 2025 driven by solid sales of existing inventory and successful new launches Group Sales (AED bn) Revenue (AED bn) 33.6 15.7 +31% +50% 27.9 1.7 5.3 3.6 18.3 8.3 14.4 7.0 14.0 0.9 1.3 14.0 11.3 28.3 1.1 3.9 1.4 7.2 3.4 24.3 7.5 1.0 17.5 7.0 0.7 11.0 12
Slide 9: Aldar Development (2/2) - UAE
ALDAR DEVELOPMENT (2/2) - UAE Property Development & Sales Sales Demographic, UAE Sales Breakdown Dubai, 38% TOP 5: 11% China Dubai, 30% AED 6.6bn RAK, 7% 16% Russia RAK, 12% 28% 24% 28% AED 8.6bn AED 1.2bn 10% UK AED 3.3bn TOP 3: 12% USA TOP 5: India India TOP 3: India China India China UK FY 24 UK
Slide 10: Aldar Investment (1/3)
ALDAR INVESTMENT (1/3) Strong organic growth supported by strategic acquisitions delivering significant contributions Revenue1 (AED mn) Revenue (AED mn) +16% 6,979 219 33 3,766 5,759 3,236 236 45 4,120 3,284 (3) +21% -1% +11% +20% FY 21 FY 22 FY 23 FY 24 H1 24 IP H&L Education Estates Others H1 25 A
Slide 11: Aldar Investment (2/3) - Investment Properties
ALDAR INVESTMENT (2/3)- INVESTMENT PROPERTIES Strong Adj. EBITDA growth across all investment properties segments Adj. EBITDA1 (AED mn) Organic Disposals & Divestments Acquisitions & completed D-Hold Investment Properties Commercial Residential +17% 993 +11% +35% 852 +26% +30% 132 420 +41% 64 excl.
Slide 12: Aldar Investment (3/3) - H&L, Education & Estates
ALDAR INVESTMENT (3/3) – H&L, EDUCATION & ESTATES Hospitality & Leisure Education Aldar Estates1 Occupancy 70% 31 Schools Property Management 12 Operated schools Facilities Management ADR AED 659 (+8% YoY) 19 Managed schools Integrated Community Services 37k Students Valuation & Advisory RevPAR AED
Slide 13: Robust Group Balance Sheet Supporting Growth
ROBUST GROUP BALANCE SHEET SUPPORTING GROWTH Robust Group liquidity of AED 29.7bn 30 June 25 31 Dec 24 (AED mn) Outstanding Debt (AED bn) Available liquidity (AED bn) Debt3 22,081 16,386 Free & Subordinated Cash 17,939 15,136 unrestricted Hybrid Notes cash 1 Total Equity 44,640 42,796 5.5 Bank debt
Slide 14: Transparent Dividend and Leverage Policies
TRANSPARENT DIVIDEND AND LEVERAGE POLICIES Consistently applied dividend and leverage policies demonstrate strong governance and financial discipline Shareholder Returns Leverage • 1yr & 4yr TSRs of 48% and 178%, respectively4 Aldar Investment Aldar Development • Total payout of AED 1.45 billion in
Slide 15: Strategy & Guidance
STRATEGY & GUIDANCE Aldar Properties Investor Presentation August 2025
Slide 16: 2030 Strategy Map
2030 STRATEGY MAP Aldar Investor Presentation I 16
Slide 17: Aldar Group Vision 2030
ALDAR GROUP VISION 2030 Become the regional real estate champion that creates signature experiences to our customers and sustainable value to our shareholders Vision Regional EBITDA Sustainability Net Profit1 Employer development : recurring (incl. PMS) Top Champion AED 20bn+ of Choice Targeting 50:
Slide 18: Core Business Growth Drivers
CORE BUSINESS GROWTH DRIVERS Growth driven by UAE, core real estate recurring income portfolio expansion & growing platforms Aldar Development Aldar Investment ▪ Become leading destination builder providing signature experiences to ▪ Disciplined expansion of core real estate portfolio (Commercial, R
Slide 19: Short & Medium Term Guidance
SHORT & MEDIUM TERM GUIDANCE On track to deliver on upper end of FY 2025 guidance; no change to guidance FY 24 H1 25 FY 25 FY 27 (Base) (Actual) (1yr Guidance) (3yr Guidance) Aldar Properties EBITDA AED 7.7bn AED 5.3bn AED 10.4 to 10.8bn +25% to 30% 3yr CAGR Deployment(M&A) AED 2.3bn AED 1.0bn1 AED
Slide 20: Aldar Development
ALDAR DEVELOPMENT Aldar Properties Investor Presentation August 2025
Slide 21: Aldar Development H1 2025 Financial Performance
Aldar Development Project Management Property Dev & Sales International Services ALDAR DEVELOPMENT H1 2025 FINANCIAL PERFORMANCE AED mn H1 25 H1 24 YoY FY 24 FY 23 YoY AED mn H1 25 H1 24 YoY FY 24 FY 23 YoY Group Sales 18,349 14,016 31% 33,572 27,931 20% UAE 17,452 12,947 35% 28,313 24,281 17% Inter
Slide 22: UAE Landbank Overview
Aldar Development Project Management Property Dev & Sales International Services UAE LANDBANK OVERVIEW Landbank is spread across key investment zones in Abu Dhabi, Dubai and Ras Al Khaimah Landbank1 Locations Destinations Saadiyat Island Land Area 0.6mn sqm Abu Dhabi2 GFA 1.4mn sqm 60.0mn sqm Land A
Slide 23: UAE Landbank Overview (2/2)
Aldar Development Project Management Property Dev & Sales International Services UAE LANDBANK OVERVIEW (2/2) 1 GFA has not been assigned to all landbank 2 GFA assigned only to Al Ghadeer Aldar Investor Presentation I 23
Slide 24: UAE Development Projects Pipeline
Aldar Development Project Management Property Dev & Sales International Services UAE DEVELOPMENT PROJECTS PIPELINE Projects under construction, as at 30 June 20251 Net Sales Revenue Cash to be Launch Launched Sold NSA Avg sale % Completion Project Location Total Units % sold value Area Sold Backlog
Slide 25: UAE – Abu Dhabi
Aldar Development Project Management Property Dev & Sales International Services UAE – ABU DHABI Aldar Development Fahid Island Acquisition in Abu Dhabi ▪ Land value of AED 2.5bn paid over 5 years ▪ Introduction of unique beachfront offering in Abu Dhabi ▪ 3.4mn sqm island between Yas Island and Saa
Slide 26: UAE - Dubai
Aldar Development Project Management Property Dev & Sales International Services UAE - DUBAI Aldar Development JV with Dubai Holding, Dubai ▪ Partnership with Dubai Holding in February 2023 to further extend the 1st masterplan “Haven” growing portfolio and diversified offering Offering a total of 2,
Slide 27: UAE – Ras Al Khaimah
Aldar Development Project Management Property Dev & Sales International Services UAE – RAS AL KHAIMAH Aldar Development Nikki Beach Rosso Bay Residences Residences ▪ Partnership between ▪ 3 residential buildings Aldar & Nikki Beach Group ▪ 3 branded residential buildings ▪ On Marjan Island ▪ Between
Slide 28: Aldar Projects
Aldar Development Project Management Property Dev & Sales International Services ALDAR PROJECTS1 Aldar Projects backlog of AED 86.0bn Project Management Backlog Progression (AED bn) 0.3 19 91 89 0.3 86 26 82 1 79 78 1 76 0 (3) (3) 41 29 61 2 59 (3) (3) (3) 39 22 (4) 50 45 51 (3) 26 28 (4) 88 88 86 8
Slide 29: Egypt – SODIC
Aldar Development Project Management Property Dev & Sales International Services EGYPT – SODIC1 Land Area 22.9mn sqm; BUA 8.2mn sqm; GDV EGP 690mn Sales (EGP mn) 48,987 Revenue (EGP mn) -18% +17% 9,893 29,808 8,648 7,648 6,922 3,999 20,971 8,801 7,233 3,406 11,205 FY 21 FY 22 FY 23 FY 24 H1 24 H1 25
Slide 30: UK - London Square (1/3)
Aldar Development Project Management Property Dev & Sales International Services UK - LONDON SQUARE ( 1/3) Land Area 0.47mn sqm; BUA 0.61mn sqm; GDV GBP 4,008mn Sales (GBP mn) Revenue (GBP mn) 233 117 80 64 59 55 48 44 41 22 29 17 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2
Slide 31: UK - London Square (2/3)
Aldar Development Project Management Property Dev & Sales International Services UK - LONDON SQUARE ( 2/3) Acquired 2 sites in H1 2025; adding GBP 272mn GDV to BTS & BTR pipeline 1 Wyvil Road, Vauxhall Zone 1 2 Richmond College campus, Twickenham Zone 5 3 Tite Street, Chelsea Zone 1 4 The Phoenix Ac
Slide 32: UK - London Square (3/3)
Aldar Development Project Management Property Dev & Sales International Services UK - LONDON SQUARE ( 3/3) Acquired 2 sites in H1 2025; bringing additional total GDV of GBP 2.7bn+ to BTS & BTR pipeline 1. Wyvil Road, Vauxhall (Zone 1) 8. Biscuit Factory, Bermondsey (Zone 2) o Redevelopment of existi
Slide 33: Aldar Investment
ALDAR INVESTMENT Aldar Properties Investor Presentation August 2025
Slide 34: Aldar Investment H1 2025 Financial Performance
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others ALDAR INVESTMENT H1 2025 FINANCIAL PERFORMANCE AED mn H1 25 H1 24 YoY FY 24 FY 23 YoY AED mn H1 25 H1 24 YoY FY 24 FY 23 YoY Recurring Revenue1 3,766 3,236 16% 6,979 5,759 21% Adj. EBITDA1,2 1,553 1,319
Slide 35: Investment Properties Overview
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others INVESTMENT PROPERTIES OVERVIEW1 97% occupancy across the portfolio Commercial Residential Retail Logistics No. of assets 28 15 305 46 Leasable area (‘000 sqm) 769 931 524 3896 Occupancy 99% 98% 91%3 97%
Slide 36: Investment Properties - Apollo Transaction
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others INVESTMENT PROPERTIES - APOLLO TRANSACTION In January 2025, Aldar reinforced its long-term partnership with Apollo through a private placement of US$500 million in subordinated hybrid notes US$ 1.4BN OF
Slide 37: Investment Properties (1/4) – Commercial
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others INVESTMENT PROPERTIES (1/4) – COMMERCIAL 2022 2023 2024 2025 2026 2027 2028 Acquisition Acquisition Acquisition D-Hold D-Hold H2 2022 H1 2025 H2 2027 H1 2028 H2 2024 Abu Dhabi, Saadiyat Island Dubai, DI
Slide 38: Investment Properties (2/4) – Residential
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others INVESTMENT PROPERTIES (2/4) – RESIDENTIAL 2022 2023 2024 2025 2026 2027-2028 Acquisition Acquisition D-Hold H1 2025 H2 2028 H2 2023 Abu Dhabi Dubai, Expo City RAK JV with Mubadala - Masdar Expo City Sta
Slide 39: Investment Properties (3/4) – Retail
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others INVESTMENT PROPERTIES (3/4) – RETAIL 2022 2023 2024 2025 2026 2027-2028 Redevelopment H1 2024 Redevelopment H1 2025 D-Hold D-Hold D-Hold D-Hold H1 2022 RAK H1 2026 H2 2028 Abu Dhabi, Yas Island Abu Dhab
Slide 40: Investment Properties (4/4) – Logistics
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others INVESTMENT PROPERTIES (4/4) – LOGISTICS 2022 2023 2024 2025-2026 2027 Acquisition Acquisition D-Hold Acquisition D-Hold D-Hold H2 2024 H1 2026 H1 2027 H1 2022 H2 2023 H1 2025 Abu Dhabi Abu Dhabi Dubai,
Slide 41: Hospitality & Leisure (1/2)
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others HOSPITALITY & LEISURE (1/2) HOTELS GOLF CLUBS LEISURE Hotel portfolio consists of assets from 3 to 5 stars, in Golf portfolio features one of the world’s top 50 golf Leisure portfolio includes beaches,
Slide 42: Hospitality & Leisure (2/2)
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others HOSPITALITY & LEISURE (2/2) Ambitious growth plans - through greenfield, brownfield and acquisitions 2022 2023 2024 2025 2026 2027 Acquisition H1 2025 Transformation H2 2026 Transformation D-Hold 2022 H
Slide 43: Aldar Education (1/2)
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others ALDAR EDUCATION (1/2) 2nd largest private school operator in the UAE Operated Schools Managed Schools • 12 Operated Schools; Total Capacity: 23k students • 19 Managed Schools; Total Capacity: 30k studen
Slide 44: Aldar Education (2/2)
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others ALDAR EDUCATION (2/2) Ambitious growth plans - through greenfield, brownfield and acquisitions 2022 2023 2024 2025 2026-2027 2028 Acquisition Acquisition Green Field Green Field Green Field AY2024/2025
Slide 45: Aldar Estates (1/2)
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others ALDAR ESTATES1 (1/2) Established in 2023 , Aldar Estates represents series of strategic mergers and acquisitions that led to creation of the region's leading integrated property and facilities managemen
Slide 46: Aldar Estates (2/2)
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others ALDAR ESTATES (2/2) 2022 2023 2024 2025 2026 2027 Acquisition Acquisition H2 2022 H1 2023 Abu Dhabi Abu Dhabi Spark Security & other Basatin Landscaping Merger H2 2023 Abu Dhabi Eltizam Asset Management
Slide 47: Europe - Investment in European Private Real Estate Credit
Aldar Investment Investment Properties Hospitality & Leisure Aldar Education Aldar Estates Others EUROPE - INVESTMENT IN EUROPEAN PRIVATE REAL ESTATE CREDIT Strategic partners form a USD 1 billion private credit platform, which will invest in senior secured debt across diverse real estate segments i
Slide 48: Sustainability
SUSTAINABILITY Aldar Properties Investor Presentation August 2025
Slide 49: Sustainability Framework
SUSTAINABILITY FRAMEWORK Shaping a Better Future To create resilient, inclusive & thriving communities by integrating sustainable practices across all operations CREATING SUSTAINABLE PLACES CREATING SOCIETAL VALUE CREATING RESPONSIBLE LAGACY We are focused on shaping thriving communities Our vision
Slide 50: Sustainability & Community Outreach Highlights
SUSTAINABILITY & COMMUNITY OUTREACH HIGHLIGHTS Latest 2024 Sustainability Report published with updated sustainability framework, detailed commitments & targets, updated Net Zero plan and targets & engagement-based refreshed materiality assessment CREATING SUSTAINABLE PLACES 2025 Targets H1 2025 Hig
Slide 51: Eight Levers to Decarbonise
Eight Levers to Decarbonise Scope 1 emissions are direct emissions from owned or controlled sources Scope 2 emissions are indirect emissions from the generation of purchased energy Scope 3 emissions are all indirect emissions (not included in scope 2) that occur in the value chain of the reporting c
Slide 52: Capital Deployment
CAPITAL DEPLOYMENT Aldar Properties Investor Presentation August 2025
Slide 53: 2022 Capital Deployed
2022 CAPITAL DEPLOYED c. AED 11.5bn of capital deployed Aldar Development (c. AED 4.1bn) Aldar Investment (c. AED 7.4bn) Transaction Value (AED mn) Transaction Value (AED mn) Acquisition of 6.2m sqm prime land located on 3,6801 Commercial the east side of Saadiyat Island 4 Grade-A commercial buildin
Slide 54: 2023 Capital Deployed or Committed
2023 CAPITAL DEPLOYED OR COMMITTED c. AED 9bn of capital deployed or committed Aldar Development (c. AED 5.9bn) Aldar Investment (c. AED 3.1bn) Transaction Value (AED mn) Transaction Value (AED mn) Al Fahid land acquisition of 3.4m sqm island between Yas Residential: RAK Staff Accommodation acquisit
Slide 55: 2024 Capital Deployed
2024 CAPITAL DEPLOYED c. AED 4.4bn of capital deployed Aldar Development (c. AED 1.9bn) Aldar Investment (c. AED 2.3bn) Transaction Value (AED mn) Transaction Value (AED mn) Commercial: 6 Falak acquisition 255 International Land acquisitions, UK 1,900 Investment Commercial & Residential: Masdar asse
Slide 56: Develop-to-Hold
DEVELOP-TO-HOLD Aldar Properties Investor Presentation August 2025
Slide 57: AED 14.3 Billion D-Hold Pipeline
AED 14.3 BILLION D-HOLD PIPELINE1,2 2025 2026 2027 2028 H1 2025 Commercial H1 2026 Logistics H1 2027 Logistics H1 2028 Commercial Abu Dhabi, Yas Island Abu Dhabi Dubai, Jebel Ali, NIP Dubai, DIFC Yas Place Business Hub expansion Logistics Park – two modular buildings DIFC Tower4 GLA 25k sqm GLA incr
Slide 58: D-Hold Capex
D-HOLD CAPEX AED 12.2bn total capex phased over 2024 – 2029 for AED 14.3bn D-Hold pipeline Aldar 1 Segment Project Location Target Completion GLA (sqm) GDV (AED mn) Ownership Yas Place Yas Island Completed 100% 25,000 370 Saadiyat Business Park Saadiyat Island H2 2027 100% 25,000 490 Commercial One
Slide 59: Contact Us
ALDAR INVESTOR PRESENTATION CONTACT US For any further enquiries please contact: Pamela Chahine Head of Investor Relations Tel: +971 (0)2 810 6585 Email: [email protected] Salma Laalej Vice President Tel: +971 (0)2 810 6504 Email: [email protected]
Slide 60: Disclaimer
DISCLAIMER This presentation is intended for information purposes only and does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase securities of any kind and neither this document nor anything contained herein sh
Aldar Properties — Investor Presentation (August 2025) on 6ix