Al Dar Properties · ADX:ALDAR
Al Dar Properties — Investor Day (November 2021)
69 slides from Al Dar Properties's investor day presentation, Nov 21, 2021
Slide 1: Aldar Capital Market's Day
ALDAR CAPITAL MARKET’S DAY 21 NOVEMBER 2021
Slide 2: Agenda
AGENDA Welcome and Introduction 10.00-10.15 Talal Al Dhiyebi, Group CEO Finance and Sustainability update 10.15-10.35 Greg Fewer, Group CFSO Aldar Development 10.35-10.55 Jonathan Emery, CEO Aldar Development Aldar Projects 10.55-11.05 Adel Albreiki, CEO Projects 11.05-11.20 Break Aldar Investment 1
Slide 3: Welcome and Introduction
WELCOME AND INTRODUCTION Talal Al Dhiyebi Group CEO ALDAR CAPITAL MARKET’S DAY 3
Slide 4: Abu Dhabi Positioned for Growth
ABU DHABI POSITIONED FOR GROWTH WORLD-LEADING COVID- STRONG POST- BOLD FISCAL AGENDA ADVANCING PPP / 19 POLICY RESPONSE PANDEMIC RECOVERY AND POLICY REFORMS PRIVATIZATION AGENDA HIGHEST VACCINATION POISED FOR INCREASING LOCAL SIGNIFICANT OPPORTUNITY RATES AND EFFECTIVE SUSTAINABLE GROWTH RESIDENCY,
Slide 5: New Aldar Operating Model to Deliver Next Phase of Growth
NEW ALDAR OPERATING MODEL TO DELIVER NEXT PHASE OF GROWTH Core Business Subsidiaries Strategy ALDAR ALDAR INVESTMENT1 Finance and Sustainability DEVELOPMENT2 People SUBSIDIARIES SUBSIDIARIES Legal Audit Excellence EDUCATION ESTATES HOSPITALITY PROJECTS VENTURES EGYPT & LEISURE Building on Aldar’s ma
Slide 6: Proven Track-Record of Transformative Growth
PROVEN TRACK-RECORD OF TRANSFORMATIVE GROWTH 2005 - 2012 2013 - 2017 2018 - 2019 2020+ 2005 2013 JAN 2018 OCT 2020 JAN 2021 Established as an MERGED WITH SOROUH Changed Operating Model AED 40BN CAPITAL Launch of ALDAR’s Abu Dhabi focused master REAL ESTATE PROJECTS SIGNED new Operating Model develop
Slide 7: Aldar Growth Agenda
ALDAR GROWTH AGENDA DEVELOPMENT INVESTMENT • Structural increase in development sales • Capital deployment for asset and • Growth of Projects fee stream geographic diversification • Geographic diversification (Egypt, UAE) • Scale Education and Principal Investments • Monetize valuable assets ENABLER
Slide 8: Finance and Sustainability Update
FINANCE AND SUSTAINABILITY UPDATE Greg Fewer Group CFSO ALDAR CAPITAL MARKET’S DAY 8
Slide 9: Key Value Drivers
KEY VALUE DRIVERS ALDAR Established and transparent dividend ALDAR INVESTMENT DEVELOPMENT and leverage policies TRANSPARENCY Region’s largest diversified and most efficient Leading primary residential platform for real estate ownership market share of c. 80% Rigorous capital allocation Best land ban
Slide 10: Commitment to Shareholders
COMMITMENT TO SHAREHOLDERS TRANSPARENT DIVIDEND AND LEVERAGE POLICIES SHAREHOLDER RETURNS BALANCE SHEET • 1-yr and 3-yr Total Shareholder Returns of 53% and 201%, respectively • Robust balance sheet with debt well within stipulated LTV policies and ample liquidity • c. AED 7bn in dividends paid to s
Slide 11: Capital Allocation Priorities
CAPITAL ALLOCATION PRIORITIES NEAR/MEDIUM TERM CAPITAL ALLOCATION TO BE FOCUSED ON GROWTH – SIGNIFICANT AMOUNT OF SURPLUS CAPITAL POISED TO DEPLOY (Q3 21: AED 4.8BN ALDAR CASH1) $ TARGETED VALUE SHAREHOLDER BALANCE PROFITABILITY, INVESTMENTS IN ENHANCING M&A RETURNS RISK AND GROWTH CORE BUSINESS • P
Slide 12: Acquisition Case Study
ACQUISITION CASE STUDY ACQUISITION OF MULTI-ASSET PORTFOLIO ACROSS ABU DHABI INVESTMENT DEVELOPMENT ASSETS Initial investment: Initial investment: ACQUIRED AED 1.60BN AED 2.05BN ASSETS Cash from assets sold: Net cash / expected gain from MONETIZED / VALUE AED 1.1BN developments: REMAINING +AED 2.0BN
Slide 13: Sovereign Spreads to Prime Yields in Abu Dhabi
SOVEREIGN SPREADS TO PRIME YIELDS IN ABU DHABI ARE SIGNIFICANTLY HIGHER THAN SIMILAR RATED ECONOMIES 7.5% 5.0% 2.5% 0.0% USA Canada Germany UK France Spain Netherlands Japan Australia Hong Kong Singapore South UAE AD Korea -2.5% 10-Yr Yield * Prime Office Yield Yield Spread Source: CBRE (Prime Offic
Slide 14: Sustainability Agenda
SUSTAINABILITY AGENDA 01 02 03 04 05 REFRESHED ESG AT ALDAR CHOOSING OUR UAE COMMITMENT ALDAR ENERGY SUSTAINABILITY PRIORITIES – TO NET ZERO MANAGEMENT FRAMEWORK CARBON AND HOSTING PROJECT COP28 ALDAR CAPITAL MARKET’S DAY 14
Slide 15: Refreshed Sustainability Framework
REFRESHED SUSTAINABILITY FRAMEWORK VISION SHAPING A BETTER FUTURE SUSTAINABILITY We aim to create a business culture where sustainability is at the heart of everything we PURPOSE do, and where the concept of sustainability informs the way we operate, collaborate, innovate and grow Become a leading r
Slide 16: ESG at Aldar
ESG AT ALDAR OUR LONG-TERM ESG FOCUS IS SUPPORTED BY MEMBERSHIPS, AWARDS AND RATINGS 2021 MEMBERSHIPS ESG INDEX • Signatory to UNGC • UN Sustainability SCORES 2021 Development Goals (SDGs) • Disclosed details of our first climate risk assessment in line • Aldar recently became with TCFD signatory to
Slide 17: ESG at Aldar
ESG AT ALDAR ALDAR YEAR ON YEAR IMPROVEMENT IN RATINGS WAS RECOGNIZED AND ALDAR WAS RANKED AMONG LEADING GLOBAL REAL ESTATE COMPANIES 2021: 58 2020: 38 Aldar scores 58 in the S&P Dow Jones Sustainability Index, placing Aldar in the top 13% of global real estate companies Aldar Rating Aldar improved
Slide 18: ESG at Aldar
ESG AT ALDAR ALDAR ACHIEVED A LOW-RISK RATING AND OUTPERFORMED BOTH NATIONAL AND INTERNATIONAL PEERS ESG RISK RATING ESG RISK RATING RANKING RANK PERCENTILE UNIVERSE (1ST = LOWEST RISK) (1ST = LOWEST RISK) 16.4 Global 1717/14640 13th Universe Updated Oct. 7 2021 Real Estate -6.6 299/1043 29th Indust
Slide 19: ESG at Aldar
ESG AT ALDAR ALDAR ACHIEVED A LOW-RISK RATING AND OUTPERFORMED BOTH NATIONAL AND INTERNATIONAL PEERS EXPOSURE & MANAGEMENT DISTRIBUTION RELATIVE POSITION IN THIS DIMENSION ESG RISK RATING RANK PERCENTILE Aldar Properties 16.4 Low 9 out of 107 8th PJSC Lendlease Group 20.2 Medium 17 out of 107 16th C
Slide 20: ESG at Aldar
ESG AT ALDAR TCFD: PLANNING FOR THE FUTURE TOP RISKS <2030 ALDAR’S RESPONSE TO CLIMATE-RELATED RISKS • Increased building standards and requirements • Increased investment and deployment of renewables • Increased energy demand and cost Reviewing and enhancing 2030-2050 Creating a 5–10-year action pl
Slide 21: ESG at Aldar
ESG AT ALDAR ESG GOVERNANCE AT ALDAR BOARD OF DIRECTORS GROUP SUSTAINABILITY COUNCIL BUSINESS SUSTAINABILITY COUNCIL Purpose Chair: Chief Financial and Sustainability Officer Chair: Directors/heads of sustainability • Reviews sustainability strategy Participants Participants and performance updates
Slide 22: Choosing Our Priorities – Carbon
CHOOSING OUR PRIORITIES – CARBON The CNAP offers a framework for change, will guide the STRATEGIC DIRECTION whole business and will cover all sustainability elements within Aldar The CNAP’s decarbonisation pathway will require Aldar to make informed, practical decisions on the most effective ways to
Slide 23: UAE Commitment to Net Zero and Hosting COP28
UAE COMMITMENT TO NET ZERO AND HOSTING COP28 UAE SETS 2050 NET-ZERO ALDAR IS WELL POSITIONED TO DEMONSTRATE GOAL, FIRST AMONG GULF STATES CONTRIBUTION TO THE UAE’S COMMITMENT, Interim target: reduce GHG by 23.5% by 2030 COLLABORATE WITH THE GOVERNMENT AND (~70MT co2e) SET THE BENCHMARK: Committed to
Slide 24: Aldar Energy Management Project
ALDAR ENERGY MANAGEMENT PROJECT IN-SCOPE ASSETS KEY TARGET METRICS TOTAL 80* PROPERTIES FROM PORTFOLIO INCLUDED IN THE PROJECT ~ AED 35MN ~AED 200MN Targeted Annual Savings Calculated Baseline (p.a) i.e., 20% reduction 36 Residential & Community retail** 14 ~AED350M >AED 140MN NPV Total Investment b
Slide 25: Download the Report
DOWNLOAD THE REPORT WWW.ALDAR.COM/EN/SUSTAINABILITY ALDAR CAPITAL MARKET’S DAY 25
Slide 26: Aldar Development
ALDAR DEVELOPMENT Jonathan Emery CEO Aldar Development ALDAR CAPITAL MARKET’S DAY 26
Slide 27: AED 5bn+ Sustainable Annual Sales
AED 5BN+ SUSTAINABLE ANNUAL SALES MACRO • High Abu Dhabi rankings in key global attractiveness indices • AD Government supportive policies • Availability of affordable mortgages PLACE, PRODUCT AND PRICING CUSTOMER • Most desirable communities and homes • Improving customer experience • Population gr
Slide 28: Abu Dhabi Increasingly Attractive as a Destination
ABU DHABI INCREASINGLY ATTRACTIVE AS A DESTINATION ABU DHABI DEMONSTRATING SIGNIFICANT IMPROVEMENTS IN GLOBAL RANKINGS WHICH CAN TRANSLATE INTO GREAT OPPORTUNITIES FOR ATTRACTING NEW TALENT AND TOURISTS CITIES OF CHOICE, GLOBAL CITIES TALENT ATTRACTIVENESS CITIES RANKING COVID CITY SAFETY RANKING RA
Slide 29: Resident Migratory Trends to Aldar Key Destinations
RESIDENT MIGRATORY TRENDS TO ALDAR KEY DESTINATIONS TENANT DEMAND, DEVELOPMENT ACTIVITY, AND OFF-PLAN SALES ARE FOCUSED WHERE ALDAR IS THE MASTER DEVELOPER AND HOLDS THE MAJORITY OF LANDBANK OCCUPANY RATES ALDAR HAS GFA FOR ~60,000 UNITS ACROSS ITS STRATEGICALLY LOCATED MASTERPLANS, IN ADDITION TO U
Slide 30: Diversified Product-Mix
DIVERSIFIED PRODUCT-MIX PRODUCT-MIX RESPONDING TO INCREASED CUSTOMER DEMAND FOR LARGER FORMAT VILLAS FOR OCCUPATION AND CONTINUED DEMAND FOR INVESTMENT FOCUSED OPTIONS ALL IN KEY GROWTH DESTINATIONS AND OUTSTANDING COMMUNITIES PROPERTY TYPE UNIT TYPE 5% 13% 9% 20% 26% 46% 44% 21% 22% 64% 73% 29% 42%
Slide 31: Price Range
PRICE RANGE DEVELOPMENT OF NEW PRODUCTS AT PRICE POINTS AND POSITIONING TO BROADEN CUSTOMER ATTRACTIVENESS MIN PRICE (AED) 2019 2020 2021 6.1mn DIVERSIFICATION OF PRODUCT OFFERINGS 4.4mn 2.4mn 2.4mn 2.2mn 1.7mn 1.6mn 1.5mn 0.9mn 1.0mn 0.7mn Al Reeman 1 / 2 Waters Edge Saadiyat Lea-Yas Acres Mamsha N
Slide 32: Place, Product and Price
PLACE, PRODUCT AND PRICE PORTFOLIO RESPONDING TO CUSTOMER NEEDS ACROSS OUR KEY DESTINATIONS (2022) LOCATION TICKET PRICE PRODUCT TYPE 56% Yas Island 38% Below AED 2mn 39% Apartments 24% Saadiyat Island 53% AED 2mn – 7mn 46% Villa / townhouse 20% Other Locations 9% Above 7mn 15% Plots ALDAR CAPITAL M
Slide 33: Broadening Customer Segments
BROADENING CUSTOMER SEGMENTS ALDAR APPEALING TO BROADER CUSTOMER BASE THROUGH DIVERSE PRODUCT PORTFOLIO AND FOCUSED MARKETING STRATEGIES GAINING TRACTION ACROSS ALL NATIONALITY GROUPS IN BOTH ABU DHABI AND OVERSEAS (ESP. ME, EUROPE, SOUTH ASIA) 52% SALES VALUE 53% 33% 28% 15% 7% 4% 4% 5% 1% Emirati
Slide 34: Land Bank Value Development – City Scale Destinations
LAND BANK VALUE DEVELOPMENT – CREATION OF CITY SCALE DESTINATIONS ALDAR HAS A LARGE AND HIGHLY VALUE ACCRETIVE LAND BANK WHICH IS MONETIZED THROUGH DESTINATION MASTER PLANNING / DEVELOPMENT AND ONGOING INVESTMENT KEY CURRENT DESTINATIONS INCLUDE YAS AND SAADIYAT AND FUTURE DESTINATIONS INCLUDE MINA
Slide 35: Aldar Communities
ALDAR COMMUNITIES ALDAR COMMUNITIES ARE BEING PLANNED AND RE-PLANNED WITH END-USERS IN MIND, MEETING CHANGING NEEDS OF THE CUSTOMER, DRIVING IMPROVEMENTS TO THE QUALITY OF LIFE AND ULTIMATELY CREATING MORE ATTRACTIVE AND SUSTAINABLE PLACES TO LIVE AND WORK Materials Design 15-Minute Sustainable Prod
Slide 36: Key Sustainability Priority Areas
KEY SUSTAINABILITY PRIORITY AREAS CARBON FOOTPRINT WORKER WELFARE ENVIRONMENT SOCIAL PROSPERITY Accelerating our transition to Aldar’s industry-leading worker IWe are future proofing against We are committed to further net zero carbon by measuring and welfare program reflects our the risks presented
Slide 37: Sustainability Actions
SUSTAINABILITY ACTIONS ENVIRONMENT • Environmental Mgmt. & Governance • Sustainable and Healthy Buildings • Energy Mgmt. and Emissions • Water Conservation Climate risk resilient Baseline environmental Green building Internal Carbon Biodiversity net gain portfolio performance certification pricing a
Slide 38: Innovation
INNOVATION PROP TECH AND DATA DRIVING IMPROVEMENTS THROUGHOUT THE VALUE CHAIN BIM PLANNING DfMA / MMC DESIGN PRODUCT A GENERATIVE COMPONENTS CONNECTED CONSTRUCTION SCALED FOR LIFECYCLE CITY USE ENVIRONMENT DIGITAL TWIN OPERATIONS INDUSTRY 4.0 ALDAR DATA MAINTENANCE LAKE CUSTOMER EXPERIENCE AND FOCUS
Slide 39: Future Growth Areas
FUTURE GROWTH AREAS EGYPT REGIONAL EXPANSION ALDAR VENTURES • Market leader • New markets through M&A / • Incubation of new Proptech • High performing local JVs leveraging G2G business lines platform • Exploring UAE opportunities • Focus on real estate service • Strategic acquisitions and • GCC cust
Slide 40: Strategic Pillars
STRATEGIC PILLARS OUR STRATEGY FOR THE NEXT 5 YEARS IS ANCHORED ON 4 KEY PILLARS 1. GROW 2. ENGAGE Continued backlog growth with Strengthen customer relationships and geographical diversity and with understanding to deliver customer- led new growth asset classes products and industry leading service
Slide 41: Aldar Projects
ALDAR PROJECTS Adel Albreiki CEO Projects ALDAR CAPITAL MARKET’S DAY 41
Slide 42: Aldar Projects Overview
ALDAR PROJECTS OVERVIEW Aldar Projects is the delivery arm of Aldar Properties that Aldar Projects is responsible for the development and will deliver unequivocal communities with excellence, delivery of the government housing and infrastructure sustainability and technology adoption as their core p
Slide 43: Business Model
BUSINESS MODEL Adding Value by finding Partner with the private synergies, capital sector utilizing its restructuring, project efficiencies and providing prioritisation, holistic social, environmental assessment of design and economic solutions / scope Deliver fully serviced Reduce the cost of commu
Slide 44: Aldar Projects – Structural Overview
ALDAR PROJECTS – STRUCTURAL OVERVIEW OUR PEOPLE 141 FTEs PROJECT MANAGEMENT SERVICES PROCUREMENT FINANCE AND TRANSFORMATION QUALITY, SAFETY SUSTAINABILITY EXPECTED TO GROW IN 2022 ALDAR CAPITAL MARKET’S DAY 44
Slide 45: PPP Framework / Relationship with Government of Abu Dhabi
PPP FRAMEWORK / RELATIONSHIP WITH GOVERNMENT OF ABU DHABI CAPITAL PROJECTS FRAMEWORK: Perform capital investment projects relating to housing, community and infrastructure on behalf of Government of AD. Opportunity to contribute to high level strategic discussions on economic development and future
Slide 46: How Business Is Ramping Up
HOW BUSINESS IS RAMPING UP CURRENT PIPELINE – AED 48BN (BACKLOG AED 43BN1) RUN-RATE ANNUAL GROSS PROFIT GUIDANCE OF AED 400-500MN INFRASTRUCTURE HOUSING ROADS OTHERS PROJECTS PROJECTS PROJECTS 22,700 PLOTS 9,650 VILLAS 445KM 10 BUILDINGS in 19 locations in 10 locations in addition to in 6 locations
Slide 47: ICV & Sustainability
ICV & SUSTAINABILITY ICV SUSTAINABILITY • Source local material for repeated • Embed criteria into technical evaluations bulk products in government projects • Inclusion of sustainability elements in supplier contracts • Embed local sourcing capabilities • Close collaboration with Design and Project
Slide 48: Break
BREAK ALDAR CAPITAL MARKET’S DAY 48
Slide 49: Aldar Investment
ALDAR INVESTMENT Jassem Saleh Busaibe CEO Aldar Investment ALDAR CAPITAL MARKET’S DAY 49
Slide 50: Aldar Investment
ALDAR INVESTMENT INVESTMENT STRATEGY TAILORED TO FOUR POOLS OF CAPITAL INVESTMENT ALDAR HOTELS & EDUCATION & PRINCIPAL THIRD PARTY SEP 2021 YTD PROPERTIES (IP) HOSPITALITY (AH&H) INVESTMENTS (E&PI) MANDATES AIP 3rd PM 47% 1% E&PI 43% REVENUE: AED 2.63BN • Constitutes the majority of • Aldar’s hospit
Slide 51: The Pre-eminent Regional Real Estate Platform
THE PRE-EMINENT REGIONAL REAL ESTATE PLATFORM DIVERSIFIED PORTFOLIO WITH AED 16.5 BN ASSETS UNDER MANAGEMENT, GENERATING 7%+ YIELDS COMMERCIAL RESIDENTIAL RETAIL SEP 2021 YTD Commercial Retail 19% 46% AuM: AED 16.5bn • Aldar has developed and acquired • Aldar Investment owns a significant • Aldar ha
Slide 52: Commercial
COMMERCIAL MEGA TRENDS KEY ISSUES ALDAR RESPONSE 1 WORK FROM HOME • WFH/ hybrid model here to stay • Reduced demand for space & corporate • Portfolio flight to quality: strongest survives • 52% of employees want hybrid model downsizing • Facilities & amenities to get people in the • 11% want to work
Slide 53: Commercial
COMMERCIAL EVOLUTION OF THE PORTFOLIO WHERE WE ARE WHERE WE’RE GOING HOW WE GET THERE • Primary player in Abu Dhabi market • Abu Dhabi expansion, Dubai & GCC. • 3rd party acquisitions, BTS, strategic Regional force portfolio acquisitions • Grade A / Grade B / Secondary & tertiary product • Grade A /
Slide 54: Residential
RESIDENTIAL EVOLUTION OF THE PORTFOLIO Shift the perception in unit mix, and re-calibrate the unit mix to meet customer demands Residential branding exercise to be rolled out to ensure each & every asset has the same ‘Aldar’ look & feel Diversification within the UAE and into growth markets across t
Slide 55: Retail – Yas Mall Redevelopment
RETAIL YAS MALL REDEVELOPMENT (YMR) – A CASE STUDY MECHANISMS OF TRANSFORMATION PROJECT OVERVIEW • Repurpose and reposition Yas Mall as a gravitational center of Yas Island and a leading shopping CREATING DESTINATIONS ROTATING BRANDS destination in Abu Dhabi (completion: Q2 2022) • Transformation of
Slide 56: Sector Allocation
SECTOR ALLOCATION ASSESSING ASSET CLASSES SECTOR CURRENT AIP EXPOSURE TARGET GEOGRAPHY • Increase exposure with focus on assets with mid to long-term leases to reputable tenants Office • Explore sale-and-leaseback opportunities of office headquarters UAE / KSA Education & • Long term sale and leaseb
Slide 57: The Capital Management Team
THE CAPITAL MANAGEMENT TEAM THE TALENT POOL HAS EVOLVED TO BECOME A DEEP BENCH OF SENIOR LEADERSHIP SENIOR MANAGEMENT Jassem S. Busaibe Jahed Rahman Faisal Falaknaz Meqdad Almubarak Chief Executive Officer Chief Investment Officer Chief Financial Officer Chief Portfolio Officer Saoud Khoory Fernando
Slide 58: Track Record
TRACK RECORD A DEMONSTRABLE ABILITY TO TRANSACT WHILST ALSO EXTRACTING SIGNIFICANT VALUE A A A A A Acquisition E Exit HOUSE Acquisition of 22,500 sqm commercial Acquisition of 39,000 sqm Grade A Acquisition of TDIC asset portfolio in Buy-out of remaining 40% equity office tower commercial office tow
Slide 59: Hotels & Hospitality / Principal Investments
HOTELS & HOSPITALITY / PRINCIPAL INVESTMENTS ALDAR CAPITAL MARKET’S DAY 59
Slide 60: The Portfolio Today
THE PORTFOLIO TODAY BROAD PORTFOLIO MAKE UP WHICH HAS DEMONSTRATED RESILIENCE HOTELS GOLFS LEISURE 2019 Leisure Golfs 6% 7% REVENUE: AED 651mn • The hotel portfolio consists of assets across 3 to • The golf portfolio features one of the world’s top • The leisure portfolio includes marina and 5 star,
Slide 61: Aldar Education
ALDAR EDUCATION 20 4 50% 26k+ 3k+ 100+ SCHOOLS LEADING OF GRADUATES GO ONTO CURRICULA THE WORLDS TOP 100 UNIVERSITIES STUDENTS ACROSS OUR EDUCATORS FROM EXTRA CURRICULAR NETWORK OF SCHOOLS 100+ NATIONALITIES ACTIVITIES ALDAR CAPITAL MARKET’S DAY 61
Slide 62: The Abu Dhabi Education Market
THE ABU DHABI EDUCATION MARKET DEFINING OUR PLAYGROUND % of Capacity Fee No. of Market utilization Selected Schools range schools share (AY21) • GEMS American Academy • The British International School Super-Premium 14% 58k+ 79% 8 • Cranleigh School • Repton School • Al Yasmina Private School • Al M
Slide 63: Strategic Intent
STRATEGIC INTENT FIVE KEY GROWTH VECTORS FOR ALDAR EDUCATION 01. CONSOLIDATE MARKET SHARE IN ABU DHABI • Expand presence in current segments and enter new price segments • Growth roadmap from ~5% market share to ~10% market share by AY 31 02. GEOGRAPHIC 5. INNOVATIVE LEARNING MODELS DIVERSIFICATION
Slide 64: Provis
PROVIS 2018 2019 2020 2021 Expansion of business to Dubai Transfer of Aldar Retail PM, CX, to diversify portfolio and build Procurement & Finance functions Estate management services Decision to carve out EM additional capabilities to Provis as part of new operating offered under the Khidmah brand o
Slide 65: Provis
PROVIS PROVIS INTENDS TO REACH AED 1 BILLION IN REVENUE THROUGH ENSURING A MARKET LEADING POSITION IN EACH SERVICE SEGMENT PROPERTY MANAGEMENT OWNERS’ VALUATIONS INVESTMENT ASSOCIATION TRANSACTIONS IFM & ADVISORY ADVISORY MANAGEMENT Residential Commercial Retail 16k 432k 572k 19k ABU DHABI 280k 4.5m
Slide 66: Closing Remarks
CLOSING REMARKS SUMMARIZING THE ALDAR INVESTMENT THESIS 01 02 03 04 Extremely high-quality Well formulated allocation Clear and focused Leveraging the Group asset base that cannot be strategy across sectors direction of travel (growth network to drive operational easily replicated and ultimate AuM)
Slide 67: Break
BREAK ALDAR CAPITAL MARKET’S DAY 67
Slide 68: Q&A
Q&A ALDAR CAPITAL MARKET’S DAY 68
Slide 69: Lunch
LUNCH ALDAR CAPITAL MARKET’S DAY 69