Eshraq Investments P.j.s.c · ADX:ESHRAQ
Eshraq Investments P.j.s.c — Eshraq Investments — FY2023 Earnings Presentation
9 slides from Eshraq Investments P.j.s.c's earnings presentation, May 2024
Slide 1: FY 2023 Business Review
cil ESHRAQ | ——— FY 2023 Business Review
Slide 2: Disclaimer
DISCLAIMER No statement in this document is intended to be nor may be construed as a profit forecast. Any statements made in this document which could be classed a “forward- looking” are based upon various assumptions, including management’s examination of historical operating trends, data contained
Slide 3: 2023: Financial and Operational Highlights
2023: FINANCIAL AND OPERATIONAL HIGHLIGHTS A year of strategic progress Operational Appointment of new Chief Healthy occupancy across Real Progress on asset revaluation and Executive Officer, Chairman and Estate, coupled with continued portfolio optimisation members of the Board of Directors monetis
Slide 4: FY 2023: Continued Strategic Progress
FY 2023: CONTINUED STRATEGIC PROGRESS FY 2023 gross profit from commercial operations of AED 20.5 million FY 2023 loss for the period of AED 545 million Total liabilities reduced by 48% YoY AED ‘000 AED ‘000 AED ‘000 25,154 589,790 316,108 20,449 163,893 (545,101) FY 2022 FY 2023 FY 2022 FY 2023 FY
Slide 5: 2023: Real Estate Assets Performance
2023: REAL ESTATE ASSETS PERFORMANCE Real Estate portfolio optimization Sold: Jumeirah Village Circle Real Estate assets 2023 financial performance (amount in AED ‘000) Nuran Marina 2022 20231 Burj Daman 2022 20231 Sold: Nuran Marina Revenue 19,360 15,013 Revenue 8,343 2,520 Profit/(loss) 9,881 6,96
Slide 6: 2023: Goldilocks Fund Performance
2023: GOLDILOCKS FUND PERFORMANCE Fund’s performance in 2023 materially impacted by Gx Sector Exposure 2023 Goldilocks investment breakdown - top five holdings market dynamics and volatility Others, 3% 1.84 Insurance, Investment % of portfolio % of QoQ 1.75 11% Financial Q4 2023* portfolio Change Se
Slide 7: Goldilocks Fund Impacted by Revaluation of Assets
GOLDILOCKS FUND IMPACTED BY REVALUATION OF ASSETS Prudent revaluation of assets within the Goldilocks Fund Revaluation of assets within Goldilocks from Q3 2023 to Final FY2023 Reduction of value Increase of value 2,000 1,758 1,800 1,485 Amount in AED Million 1,600 4 53 1,400 179 1,336 30 21 25 30 44
Slide 8: Summary of Historical Financial Performance
SUMMARY OF HISTORICAL FINANCIAL PERFORMANCE FY2023 FY2022 FY2021 FY2020 AED ‘000 AED ‘000 AED ‘000 AED ‘000 Revenue from commercial operations 31,612 41,015 26,216 18,082 Direct Costs (11,163) (15,861) (12,825) (11,033) Gross profit from commercial operations 20,449 25,154 13,391 7,049 Net finance i
Slide 9: Thank you
Thank you Media enquiries Investor enquiries Teneo IR [email protected] [email protected]