Orascom Development Egypt (s.a.e) · EGX:ORHD
Orascom Development Egypt (s.a.e) — Orascom Development Egypt — Q1 2018 Earnings Presentation
18 slides from Orascom Development Egypt (s.a.e)'s earnings presentation, 2018
Slide 1: Q1 2018 Results
SLE PLATO f NY ORASC*xM DEVELOPMENT Q1 2018 Results
Slide 2: Agenda
Agenda Q1 2018 Key Highlights & Destination Progress Page 3 Q1 2018 Financials and KPIs Highlights Page 6 Outlook 2018 Page 10 Q1 2018 Financials and KPIs Appendix Page 12 2
Slide 3: Key Highlights Q1 2018
Key Highlights Q1 2018 Orascom Development Egypt; Records the Best Operational Quarter One Ever Across all its Business Segments. Revenues grew by 32.6% to EGP 654.9 million, Adj. EBITDA increased by 46.5% to EGP 261.4 million and Net Profits increased to EGP 83.1 million. ➢ Net real estate sales mo
Slide 4: Destinations Progress during Q1 2018
Destinations Progress during Q1 2018 El Gouna: ▪ Net sales more than doubled to reach EGP 397.3mn in Q1 2018. ▪ In January 2018 we released new inventory in Tawila project. Total Phase III inventory is EGP 776.2mn. Phase III includes town houses and apartments and sold EGP 240.1mn to date. ▪ In Apri
Slide 5: Agenda
Agenda Q1 2018 Key Highlights & Destination Progress Page 3 Q1 2018 Financials and KPIs Highlights Page 6 Outlook 2018 Page 10 Q1 2018 Financials and KPIs Appendix Page 12 5
Slide 6: Business Segments Q1 2018
Business Segments Q1 2018 Revenue EBITDA Adj. EBITDA1 (EGP mn) Q1 2018 Q1 2017 Δ in % Q1 2018 Q1 2017 Q1 2018 Q1 2017 Hotels 296.6 200.9 47.6% 136.3 164.8 132.3 67.6 Real Estate 147.1 126.4 16.4% 94.8 86.3 92.8 80.5 Land - - - - - - - Town Management2 122.3 89.6 36.5% 19.8 13.0 20.1 13.1 Tamweel Gro
Slide 7: Real Estate KPIs Q1 2018 and Deferred Revenue
Real Estate KPIs Q1 2018 and Deferred Revenue Net value of Contracted Number of Contracted Average Selling Price Units (EGPmn) Units (EGP/m2) Destination Q1 2018 Q1 2017 Q1 2018 Q1 2017 Q1 2018 Q1 2017 El Gouna 397.3 178.4 37 37 43,984 28,246 Fayoum - 6.5 - 7 - 10,052 Makadi 0.3 0.4 1 1 5,088 4,979
Slide 8: Hotel KPIs Q1 2018
Hotel KPIs Q1 2018 Total number of hotel Occupancy for TRevPAR* GOP PAR** rooms available rooms (%) (EGP) (EGP) Destination Q1 2018 Q1 2017 Q1 2018 Q1 2017 Q1 2018 Q1 2017 Q1 2018 Q1 2017 El Gouna1 2,478 2,468 80 74 1,125 750 580 327 Taba Heights2 2,365 2,365 17 23 133 128 (57) (65) Fayoum3 53 50 27
Slide 9: Agenda
Agenda Q1 2018 Key Highlights & Destination Progress Page 3 Q1 2018 Financials and KPIs Highlights Page 6 Outlook 2018 Page 10 Q1 2018 Financials and KPIs Appendix Page 12 9
Slide 10: Outlook 2018
Outlook 2018 ➢ Finalizing all necessary documentation and procedures for the sale of our earlier communicated non-core assets and in parallel, we are working diligently on our plan with the banks to reduce our debt by EGP 1.0 billion in 2018. Current Maturity as of Q1 2018 Maturity Profile after ODE
Slide 11: Agenda
Agenda Q1 2018 Key Highlights & Destination Progress Page 3 Q1 2018 Financials and KPIs Highlights Page 6 Outlook 2018 Page 10 Q1 2018 Financials and KPIs Appendix Page 12 11
Slide 12: Destinations KPIs
Destinations KPIs El Gouna Financials & KPIs Q1 2018 Q1 2017 % Chg Hotels Number of rooms 2,478 2,468 0.4% Occ. for available rooms (%) 80 74 8.1% TRevPAR (EGP) 1,125 750 50% GOP PAR (EGP) 580 327 77.4% Total Revenues (EGPmn) 252.7 169.5 49.1% Real Estate Net Contracted Units (EGPmn) 397.3 178.4 122
Slide 13: Destinations KPIs
Destinations KPIs Makadi Heights Financials & KPIs Q1 2018 Q1 2017 % Chg Real Estate Net Contracted Units (EGPmn) 0.3 0.4 (25.0%) No of Contracted Units 1 1 - Avg. Selling Price (EGP/m2) 5,088 4,979 2.2% Total Revenues (EGPmn) 0.6 0.7 (14.3%) Deferred Revenue (EGPmn) 0.1 0.1 - Destination Management
Slide 14: Income Statement
Income Statement (EGP mn) Q1 2018 Q1 2017 Notes Revenue 1 654.9 493.8 1 Revenues and gross profit increased due to the Cost of sales (420.9) (308.3) enhanced operational performance across all business segments. Gross profit 1 234.0 185.5 2 Investment income increased mainly due to: Gross profit mar
Slide 15: Balance Sheet
Balance Sheet (EGP mn) 31.03.18 31.12.17 Notes Property, plant and equipment 1 3,501.6 3,481.0 1 PPE increased mainly due to the increase in Inventory 2 680.5 624.6 construction activities in El Gouna. Receivables 1,534.9 1,578.9 2 Inventory increased mainly due to the Cash and bank balances 1,204.6
Slide 16: Cash Flow Statement
Cash Flow Statement Notes (EGP mn) Q1 2018 Q1 2017 Cash from operations 1 111 15 1 Cash flow from operations and operating cash flow increased due to the enhanced Interest paid (12) (7) operational performance across all Taxes paid (5) (9) business segments during the period. Operating Cash Flow 1 9
Slide 17: IR Dashboard
IR Dashboard Investor Relations Contact: Sara El Gawahergy Head of Investor Relations Tel Dir: +20 (0) 22 461 89 61 Mobile: 010 0218 5651 [email protected] [email protected] www.orascomhd.com 17
Slide 18: Disclaimer
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