Mair Group - P.J.S.C. · ADX:MAIR
Mair Group - P.J.S.C — H1 2025 Earnings Presentation
26 slides from Mair Group - P.J.S.C's earnings presentation, August 2025
Slide 1: MAIR Group PJSC Earnings Presentation H1 2025
MAIR GROUP PJSC EARNINGS PRESENTATION H1 2025 August 2025 MAIR Group Integrated Report 2024 1
Slide 2: Cautionary Statements Regarding Forward-Looking Information
Disclaimer Page CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION This presentation has been prepared by MAIR Group (“MAIR”) and may include information that has not been reviewed or verified by the Group’s auditors. The data presented is based on sources considered reliable; however, MAIR
Slide 3: Agenda
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Appendix
Slide 4: We Are MAIR
WE ARE MAIR MAIR Group is a strategic investment company based in Abu Dhabi. The Group focuses on driving purposeful growth across its diverse portfolio to elevate the economic and social well-being of the UAE. Our ambition is to enrich the UAE’s communities by building robust economic ecosystems in
Slide 5: Our Scope of Work
Our Scope of Work ENRICHING LIVES We are redefining the grocery retail experience – blending our deep-rooted cooperative legacy with innovation in stores, digital platforms, and private brands. Through ADCOOP and our strategic partnership with SPAR, we serve communities across the UAE with accessibl
Slide 6: Our Journey
Our Journey 1977-2001 FOUNDATIONAL YEARS AND MARKET LEADERSHIP MAIR Group’s origins date back to 1977 with the establishment of Al Dhafra Cooperative Society, followed by Abu Dhabi Cooperative Society (currently ADCOOP) in 1981, and later other cooperatives formed the beginnings of the Group, markin
Slide 7: Our Journey Continued 2023-2025
Our Journey Continued 2023-2025 STRATEGIC TRANSFORMATION AND CONSOLIDATION • Government-Led Consolidation (2023): The • Listing on ADX (2024): A landmark moment in MAIR Department of Economic Development (DED) initiated Group’s journey, the listing on the merger of Al Ain Cooperative Society, Delma
Slide 8: Operational Highlights
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Appendix
Slide 9: Our Portfolio H1 2025
OUR PORTFOLIO H1 2025 Retail Rebranding and Solid Real Estate Performance Position Group for H2 Growth Grocery Retail Commercial Real Estate Number of Stores Fresh Sales Contribution Malls & Community Hubs Occupancy Rate 106 20% 70+ 94% Average Daily Transactions Average Daily Transactions Gross Lea
Slide 10: Accelerating Retail Transformation
ACCELERATING RETAIL TRANSFORMATION Ongoing Post Merger Integration & Completed Rebranding Now Drive Future Initiatives 80 Stores 15Mn Completed rebranding Investment in rebranding by June 2025 SAP System 06 Brands Including stores and Consolidated 6 brands distribution centers under ADCOOP 10
Slide 11: Accelerating Retail Transformation (continued)
ACCELERATING RETAIL TRANSFORMATION (continued) Retail Initiatives to Strengthen Customer First Approach 1300 Items 5000+ Hours Repriced to enhance value Frontline training to elevate and visits customer journey through a newly launched Retail School Fresh Digital Growth Acceleration +200 bps sales p
Slide 12: New Flagship Store Opens in Khalidiya Gardens
ACCELERATING RETAIL TRANSFORMATION (continued) New Flagship Store Opens in Khalidiya Gardens Reshaping the Future of Retail • Launched July 2025 with strong opening performance round play button icon 20950656 PNG exceeding forecasts • Features new customer- centric design and pilots several in-store
Slide 13: Accelerating Retail: What to Expect Next
ACCELERATING RETAIL WHAT TO EXPECT NEXT Upcoming 2025 Retail Growth Drivers 3 New Stores Major Store Remodeling Planned to open in 2025 and AED 100+ Mn to remodel store network in underperforming stores closures 2027 (2 completed in H2 2025) New One POS New digital store infrastructure improving Pri
Slide 14: Key Projects: Real Estate Pipeline
KEY PROJECTS REAL ESTATE PIPELINE Strategic Real Estate Expansion Underway Develop new community centers in Real Estate significant investment Flagship Al Ain Mall approved for renovation areas targeted by retail in new developments with an investment of AED c.100 Mn Souq Al Jami (AA) Khalidiya Gard
Slide 15: Financial Highlights
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Appendix
Slide 16: H1 2025 Financial Highlights
H1 2025 FINANCIAL HIGHLIGHTS Sales Moderation as ADCOOP Rebranding Completes REVENUE 1.02Bn RETAIL LFL WHOLESALE REAL ESTATE MAKANI (6)% YOY (5)%YOY (24)% YOY +9% YOY Solid Profitability, Strong Cash Flow, and Full Debt Repayment EBITDA EBTIDA1 UNDERLYING EBITDA2 REPORTED NET PROFIT UNDERLYING NET P
Slide 17: Underlying Net Profit (Mn)
UNDERLYING NET PROFIT ( Mn ) Underlying Growth Driven by Operational Efficiency and Lower Financing Costs 130.9 +57% (16.0) 29.6 81.8 25.7 52.2 (88.3) H1'24 Reported Profit from Profit from Merger Expense H1'24 Underlying Operational Performance H1'25 Reported Net Profit Discontinued Sale Of Assets
Slide 18: Cashflow (Mn)
CASHFLOW ( Mn ) Strong Operating Cash Flows Enable Full Deleveraging MAIR Group has been generating healthy cash flows and will continue to reinvest in its businesses to drive growth Cash Flow Statement H1’25 H1’24 Cash from Operating activities before changes in working 160.9 111.3 capital Changes
Slide 19: Investment Case
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Appendix
Slide 20: Why Invest In Us?
Investment Case WHY INVEST 1. EXPANDING 2. A DIVERSIFIED AND 3. STRONG PORTFOLIO IN IN US ? OPPORTUNITIES IN A SCALABLE BUSINESS GROCERY RETAIL AND HIGH-GROWTH MARKET MODEL REAL ESTATE MAIR Group leverages a MAIR Group is well-positioned to benefit The Group operates a synergistic, multi- With an ex
Slide 21: Appendix
1. Overview 2. Operational Highlights 3. Financial Highlights 4. Investment Case 5. Appendix
Slide 22: Share Performance
Millions 12.00 14.00 16.00 10.00 0.00 2.00 6.00 8.00 4.00 1/8/25 1/11/25 1/14/25 1/17/25 1/20/25 JAN 3.45 1/23/25 1/26/25 1/29/25 Investor Relations 2/1/25 2/4/25 2/7/25 2/10/25 2/13/25 2/16/25 FEB 1.76 2/19/25 2/22/25 * ADTV stands for Average Daily Traded Volume (AED) 2/25/25 2/28/25 3/3/25 3/6/25
Slide 23: Consolidated Statement of Profit or Loss
CONSOLIDATED STATEMENT OF PROFIT OR LOSS for the six-month period ended 30 June 2025 30 Jun 2025 30 Jun 2024 AED’000 AED’000 Revenue from contracts with customers 876,251 979,446 Rental revenue 111,261 104,712 Other revenue 33,414 2,419 Total revenue 1,020,926 1,086,577 Cost of retail goods sold (65
Slide 24: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 30 Jun 2025 31 Dec 2024 30 Jun 2025 31 Dec 2024 AED’000 AED’000 AED’000 AED’000 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Share capital 1,115,362 1,115,362 Property and equipment 879,920 825,307 Share premium 2,299,960 2,299,960 Shares
Slide 25: Consolidated Statement of Cash Flow
CONSOLIDATED STATEMENT OF CASH FLOW for the six-month period ended 30 June 2025 30-June-25 30-Jun-24 AED’000 AED’000 Net profit for the year 81,798 130,897 P&L Adjustments: Depreciation and Amortisation 60,834 64,008 Other P&L Adjustments 18,270 (83,575) 160,901 111,330 Changes in operating assets a
Slide 26: MAIRGROUP.COM
Mina Zayed, Mina Centre, Abu Dhabi, United Arab Emirates 800 MAIRAE 624723 MAIRGROUP.COM MAIR Group Integrated Report 2024 26