Eshraq Investments P.j.s.c · ADX:ESHRAQ
Eshraq Investments P.j.s.c — Q2 2024 Earnings Presentation
15 slides from Eshraq Investments P.j.s.c's earnings presentation, Aug 1, 2024
Slide 1: Q2 2024 Business Review
cal ESHRAQ | ——— Q2 2024 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: Q2 2024: Financial and Operational Highlights
Q2 2024: FINANCIAL AND OPERATIONAL HIGHLIGHTS A return to profitability alongside good momentum on refreshed strategy Operational Good progress on new strategy, Strategic exits of investment Healthy occupancy in Real Estate having identified several direct positions within the Goldilocks Fund assets
Slide 4: Recap: Future Eshraq
RECAP: FUTURE ESHRAQ Under its refreshed strategy, Eshraq will have control of its destiny by focusing on directly-held private equity investments complemented by cash generation from minority stakes, real estate and prudent liquidity management Status Quo Eshraq Future Eshraq Real estate, private e
Slide 5: Recap: Spotlight on Strategic Pillars
RECAP: SPOTLIGHT ON STRATEGIC PILLARS 1 Sourcing & Screening Transaction Structuring Value Realization Core Business ⦁ Lever activation ⦁ Ensure quality deal flow ⦁ Attractive valuation 1 Direct private equity exposure ⦁ Optimize screening process ⦁ Value lever identification ⦁ Capable management ⦁
Slide 6: Strategic Shift to Long-Term Growth Through Private Equity
STRATEGIC SHIFT TO LONG-TERM GROWTH THROUGH PRIVATE EQUITY Eshraq targets investing into 1-2 high-growth businesses per-year, with a medium-term objective of yielding attractive cash flows as assets mature and become ready to exit Good progress in building Private Equity Targeted activity capabiliti
Slide 7: Portfolio Growth to be Complemented by Income-Generating Assets
PORTFOLIO GROWTH TO BE COMPLEMENTED BY INCOME-GENERATING ASSETS In support of liquidity management to enable growth of the core Private Equity portfolio, Eshraq will selectively invest in assets that offer reliable cash flows that stabilise earnings and support its operations Good progress in invest
Slide 8: Transition Plans for Legacy Assets: Real Estate
TRANSITION PLANS FOR LEGACY ASSETS: REAL ESTATE Eshraq will plan and execute a transition plan for its existing Real Estate portfolio and is in the process of creating a Real Estate Development Fund to generate stable rental revenue and develop future real estate assets Good progress in transitionin
Slide 9: Q2 2024 Financial Review
cal ESHRAQ | ——— Q2 2024 Financial Review
Slide 10: Q2 2024: Good Progress on Refreshed Corporate Strategy
Q2 2024: GOOD PROGRESS ON REFRESHED CORPORATE STRATEGY Q2 2024 gross profit from commercial operations of AED 3.0 million Q2 2024 profit for the period of AED 3.5 million Q2 2024 finance income up 53% year-on-year AED (‘000) AED (‘000) AED (‘000) +52.7% 2,265 35,992 5,088 3,517 YoY 1,796 +1.4% QoQ 1
Slide 11: Q2 2024: Real Estate Assets Performance
Q2 2024: REAL ESTATE ASSETS PERFORMANCE Real Estate assets Q2 2024 financial performance (AED ‘000) Marina Rise Q2 2023 Q2 2024 Revenue 3,473 3,782 Profit/(loss) 2,483 2,858 Q2 2024 Real Estate financial and strategic highlights Commercial Real Estate operations Gross profit from commercial operatio
Slide 12: Q2 2024: Goldilocks Fund Performance
Q2 2024: GOLDILOCKS FUND PERFORMANCE Fund’s performance1 in Q2 2024 improved following strategic exit Q2 2024 Goldilocks investment breakdown - top three holdings from certain investment positions in prior quarter 1.34 Investment % of portfolio % of portfolio QoQ 1.036 1.038 Q2 2024** Q1 2024* Chang
Slide 13: Improved Value of Goldilocks Fund in Q2 2024
IMPROVED VALUE OF GOLDILOCKS FUND IN Q2 2024 Reduction in the number of investments within the Goldilocks Fund from 19 in FY 2023 to 15 in Q2 2024 Goldilocks Valuation Movement from FY2023 to Q1 2024 and Q2 2024 19 Investments 1,600 14 15 Investments Investments 1,400 1,337 AED million 1,200 1,036 1
Slide 14: 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 15: Thank you
Thank you Media enquiries Investor enquiries Teneo IR [email protected] [email protected]
Eshraq Investments P.J.S.C. — Q2 2024 Earnings Presentation on 6ix