Al Dar Properties · ADX:ALDAR
Al Dar Properties — Q3 2021 Earnings Presentation
22 slides from Al Dar Properties's earnings presentation, Nov 4, 2021
Slide 1: Q3 & YTD 2021 Results Presentation
Q3 & YTD 2021 Results Presentation Period Ended 30 September 2021 4 November 2021
Slide 2: Disclaimer
DISCLAIMER This disclaimer governs the use of this presentation. You must not rely on the information in the presentations and alternatively we recommend you seek advice from an appropriately qualified professional. If you have any specific questions about any matter in this presentation you should
Slide 3: Q3 & YTD 2021 Results Summary
Q3 & YTD 2021 RESULTS SUMMARY
Slide 4: Q3 / YTD 2021 – Performance Highlights
Q3 / YTD 2021 – PERFORMANCE HIGHLIGHTS ▪ Group Q3 21 gross profit +20% y-o-y Strong Group performance in ▪ Strong cash generation from project handovers Q3 21… ▪ Focused on growth / expansion opportunities ▪ Fifth consecutive quarter of AED 1bn+ sales: Q3 21 highest-ever sales quarter with AED 2.69b
Slide 5: Q3 & YTD 2021 Financial Results in Summary
Q3 & YTD 2021 FINANCIAL RESULTS IN SUMMARY Strong Group performance Another record quarter for Development ▪ Q3 21 Revenue flat at AED 2.09bn ▪ Q3 21 Revenue down 2.7% to AED 1.26bn (Sep YTD 21 up 8% to AED 6.32bn) (Sep YTD 21 up 13% to AED 3.79bn) ▪ Q3 21 GP up 20% to AED 0. 83bn ▪ Q3 21 Sales up 1
Slide 6: Development Highlights – Q3 & YTD 2021
DEVELOPMENT HIGHLIGHTS – Q3 & YTD 2021 ▪ Record quarter for Development, driven by several development launches of scale and higher contribution from fee segment AED bn Q3 21 Q3 20 Variance YTD 21 YTD 20 Variance 1▪ Sales ▪ Record sales with several new launches of scale in Q3 (Yas Development Sales
Slide 7: Development Sales Evolution – Customer Profile
DEVELOPMENT SALES EVOLUTION – CUSTOMER PROFILE ▪ Diverse product portfolio offering attracting a broader customer base ▪ Gaining traction across nationality groups (esp. ME, Europe, South Asia) ▪ Opportunity for further growth amongst younger, female audience (starter homes, first investments) # New
Slide 8: Investment Highlights – Q3 & YTD 2021
INVESTMENT HIGHLIGHTS – Q3 & YTD 2021 ▪ Stable NOI performance supported by recovery in covid-impacted sectors and increasing contributions by Education and Principal Investments AED bn Q3 21 Q3 20 Variance Sep YTD 21 Sep YTD 20 Variance 1▪ Investment Properties – Retail recovering and strong leasin
Slide 9: Investment Properties – Key Performance Indicators Sep YTD 2021
INVESTMENT PROPERTIES – KEY PERFORMANCE INDICATORS SEP YTD 2021 No. of Leasable Portfolio WAULT YTD NOI YTD NOI Key Trends properties area (sqm) occupancy (years) (AED)m margin ▪ Residential bulk leases at 54% Residential ▪ Improved in occupancy (strong leasing at 12 0.9m 92% ↑ 3.4 ↑ 352 ↓ 81% Bridg
Slide 10: Aldar Education and Principal Investments
ALDAR EDUCATION AND PRINCIPAL INVESTMENTS ▪ Aldar owns several strategic businesses that work alongside / support the broader offering of Aldar’s two core businesses ▪ These high growth businesses fall under the segments, Aldar Education and Principal Investments (Khidmah / Provis) Business overview
Slide 11: Balance Sheet
BALANCE SHEET Robust balance sheet position… ...supported by prudent capital management and strong governance As at Sep 30 As at 31 Dec Investment Development AEDm 2021 2020 Assets Outstanding Debt ▪ Sukuk: 3.7bn Breakdown (AED bn) ▪ Bank: 0.7bn Property, plant and equipment 2,869 2,962 ▪ Bank: 3.4b
Slide 12: Appendix
Replace with photo APPENDIX Al Muneera, Al Raha Beach
Slide 13: Segmental Breakdown – Q3 2021 vs. Q3 2020 & Q2 2021
SEGMENTAL BREAKDOWN – Q3 2021 vs. Q3 2020 & Q2 2021 Revenue (AEDm) 909 914 982 421 417 414 347 377 367 82 78 133 126 136 156 139 152 74 (1) Investment Properties Hospitality & Leisure Education Principal Investments Property Development & Sales Project Management Services Q3 2021 Q3 2020 Q2 2021 Gro
Slide 14: Segmental Breakdown – Sep YTD 2021 vs. Sep YTD 2020
SEGMENTAL BREAKDOWN – SEP YTD 2021 vs. SEP YTD 2020 Revenue (AEDm) 2,693 2,630 1,254 1,219 1,098 734 400 361 453 393 249 259 (1) Investment Properties Hospitality & Leisure Education Principal Investments Property Development & Sales Project Management Services Sep YTD 2021 Sep YTD 2020 Gross Profit
Slide 15: Development Pipeline Summary
DEVELOPMENT PIPELINE SUMMARY Total as at 30 Sep 21 Net Sales Units Highlights Project Location Launch date Sold units % sold % completion Expected completion value (AEDm) launched Ansam Yas Island 2014 547 960 547 100% 100% Handed over Hadeel Al Raha Beach 2014 232 480 233 100% 100% Handed over ▪ 90
Slide 16: Development Sales Evolution – Product-Mix
DEVELOPMENT SALES EVOLUTION – PRODUCT-MIX ▪ Aldar’s sustained market leadership in Abu Dhabi off-plan product ▪ Deep understanding of local market & customer (absorption trends / product demand) Property Type Unit Type 12% 18% 13% 19% 26% 4-6 BR 8% 28% Units Sold Plot 56% 15% 15% 50% 3 BR 39% 46% 25
Slide 17: Land Bank Overview
LAND BANK OVERVIEW ▪ Aldar owns a sizeable land bank in key investment zones in Abu Dhabi, providing a distinct advantage versus other developers ▪ 65m sqm undeveloped landbank comprised of c.14m sqm with c.12m sqm of approved GFA and c.51m sqm with GFA yet to be confirmed/approved Landbank Summary
Slide 18: UAE Policy Reforms and Energy Strategy
UAE POLICY REFORMS AND ENERGY STRATEGY Federal announcements Energy industry plans ▪ Rapid rollout of a major vaccination campaign underpin economic recovery. As of October 2021, ▪ ADNOC will continue to deliver on its 2030 strategy, including its value maximization the UAE has administered 20.8 mil
Slide 19: Refreshed Sustainability Framework
REFRESHED SUSTAINABILITY FRAMEWORK VISION Become a leading regional real estate developer and manager that creates memorable experiences and value for our customers and shareholders. MISSION Place our customers first by embedding sustainability, quality, technology and innovation in everything we do
Slide 20: Key Sustainability Updates
KEY SUSTAINABILITY UPDATES ▪ Top-rated real estate company in the UAE across ADX and DFM (ESG Invest) as of year end 2020 ▪ First MENA Real Estate company to secure a Sustainability-Linked Loan (AED 300m bilateral facility with HSBC) in Jun-21 ▪ Early TCFD supporter and completed a business-level cl
Slide 21: Contact Us
CONTACT US For any further enquires please contact: Samar Khan Head of Investor Relations Tel: +971 (0)2 810 5624 Email: [email protected] Basma Almheiri Investor Relations Tel: +971 (0)2 810 5992 Email: [email protected] 21
Slide 22: ALDAR.COM
ALDAR.COM