EZDAN HOLDING GROUP Q.P.S.C. INVESTOR PRESENTATION
March 2024
Disclaimer
The information contained herein has been prepared by Ezdan Holding Group Q.P.S.C ("Ezdan"). Ezdan relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness.
This presentation has been prepared for information purposes only and is not and does not form part of any offer for sale or solicitation of any offer to subscribe for or purchase or sell any securities nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever.
Some of the information in this presentation and related conference call may contain projections or other forward-looking statements regarding future events or the future financial performance of Ezdan. These forward-looking statements include all matters that are not historical facts. The inclusion of such forward-looking information shall not be regarded as a representation by Ezdan or any other person that the objectives or plans of Ezdan will be achieved. any forward-looking statement speaks only as of the date on which it is made. New risks and uncertainties arise from time-to-time, and it is impossible to predict these events or how they may affect Ezdan. Ezdan undertakes no obligation to publicly update or publicly revise any forward-looking statement, whether as a result of new information, future events or otherwise. Figures are being rounded, and that rounding differences may appear throughout the presentation.
3
HIGHLIGHTS Q1 2024
RENTAL | OPERATING | TOTAL | BORROWINGS | TOTAL | NET | EPS |
INCOME | PROFIT | ASSETS | EQUITY | PROFIT |
435 MM | 375 MM | 46,874 MM 11,504 MM 33,424 MM | 95 MM | QR 0.004 |
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Financial Performance Overview
CONSOLIDATED STATEMENT OF PROFIT OR LOSS | 31/03/2024 | 31/03/2023 | Changes | Changes |
31 March 2024 | QR"000 | QR"000 | QR"000 | % |
Rental income | 435,014 | 466,539 | (31,525) | -6.8% |
Other operating revenues | 25,388 | 22,510 | 2,878 | +12.8% |
Operating expenses | (85,202) | (88,734) | 3,532 | -4.0% |
Operating profit for the period | 375,200 | 400,315 | (25,115) | -6.3% |
Other income | 3,466 | 6,604 | (3,138) | -47.5% |
General and administrative expenses | (22,659) | (44,252) | 21,593 | -48.8% |
Depreciation | (5,432) | (5,180) | (252) | +4.9% |
Finance costs | (252,503) | (259,136) | 6,633 | -2.6% |
Impairment of doubtful receivables | (780) | (11,441) | 10,661 | -93.2% |
Gain/ (Loss) from foreign currency exchange | (1,840) | 4,129 | (5,969) | -144.6% |
Net Profit | 95,452 | 91,039 | 4,413 | +4.8% |
Shareholders of the Group | 95,453 | 91,042 | 4,411 | +4.8% |
Non Controlling Interest | (1) | (3) | 2 | -66.7% |
EPS (QR) | 0.004 | 0.003 | 0.0002 | +5.9% |
5
Overview
Rental Revenue by Segment | 31/03/2024 | 31/03/2023 | Changes | |
QR"000 | QR"000 | QR"000 | % | |
Residential and commercial properties | 364,656 | 411,395 | -46,739 | -11.36% |
Hotel and Suites | 51,286 | 36,830 | 14,456 | +39.25% |
Malls | 19,072 | 18,314 | 758 | +4.14% |
435,014 | 466,539 | -31,525 | -6.76% |
Financial Performance
411,395
364,656
51,286
36,830
31/03/2024
19,072
31/03/2023
18,314
Residential and commercial | Hotel and Suites | Malls |
properties |
6
Overview
Operating expenses by Segment | 31/03/2024 | 31/03/2023 | Changes | |
QR"000 | QR"000 | QR"000 | % | |
Residential and commercial properties | 60,041 | 66,806 | (6,765) | -10.13% |
Hotel and Suites | 18,088 | 15,063 | 3,025 | +20.08% |
Malls | 7,073 | 6,865 | 208 | +3.03% |
85,202 | 88,734 | (3,532) | -3.98% |
Financial Performance
66,806
60,041
18,088 15,063
31/03/2024
7,073
31/03/2023
6,865
Residential and commercial | Hotel and Suites | Malls |
properties |
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Performance Overview
Operating profit by Segment
Residential and commercial properties (QR"000)
Residential & commercial property(%)
Hotel and Suites (QR"000)
Hotel & Suites (%)
Malls (QR"000)
Malls (%)
Total Operating Margin (QR"000)
Total Operating Margin (%)
31/03/2024 | 31/03/2023 | Changes | |
QR | % | ||
312,753 | 354,108 | (41,355) | -11.7% |
+84% | +84% | ||
44,338 | 28,761 | 15,577 | +54.2% |
+71% | +66% | ||
18,109 | 17,446 | 663 | +3.8% |
+72% | +72% | ||
375,200 | 400,315 | (25,115) | -6.27% |
+81% | +82% |
Financial
Residential and Commercial | Hotels and Suites | Malls | Total |
Properties | Gross Profit (QR'000 & %) | Gross Profit (QR'000 & %) | Gross Profit (QR'000 & %) |
Gross Profit (QR'000 & %) |
354,108 | 44,338 | 18,109 | 17,446 | ||||
400,315 | |||||||
312,753 | 375,200 | ||||||
28,761 | |||||||
+84% | +84% | +71% | +66% | +72% | +72% | +81% | +82% |
31/03/2024 | 31/03/2023 | 31/03/2024 | 31/03/2023 | 31/03/2024 | 31/03/2023 | 31/03/2024 | 31/03/2023 |
8 |
Consolidated Statement Of Financial Position | 31/03/2024 | 31/12/2023 | Changes | Changes | ||
31 March 2024 | QR"000 | QR"000 | QR"000 | % | ||
Overviewe | Cash and bank balances | 423,000 | 371,574 | 51,426 | +14% | |
Property and equipment | 666,307 | 670,977 | (4,670) | -1% | ||
Receivables and prepayments | 96,544 | 99,960 | (3,416) | -3% | ||
Inventory | 14,260 | 14,592 | (332) | -2% | ||
Due from related parties | 467 | 473 | (6) | -1% | ||
Investment properties | 45,673,477 | 45,643,861 | 29,616 | +0% | ||
Position | ||||||
TOTAL ASSETS | 46,874,055 | 46,801,437 | 72,618 | +0% | ||
Payables and other liabilities | 387,342 | 889,175 | (501,833) | -56% | ||
Due to related parties | 1,559,017 | 1,589,257 | (30,240) | -2% | ||
Islamic financing borrowings | 11,503,739 | 10,995,266 | 508,473 | +5% | ||
Financial | TOTAL LIABILITIES | 13,450,098 | 13,473,698 | (23,600) | -0% | |
Retained earnings | 5,366,353 | 5,270,900 | 95,453 | +2% | ||
Share capital | 26,524,967 | 26,524,967 | - | 0% | ||
Legal reserve | 1,706,526 | 1,706,526 | - | 0% | ||
Foreign currency translation reserve | 1,495 | 729 | 766 | +105% | ||
Equity Holders of the Parent | 33,599,341 | 33,503,122 | 96,219 | +0% | ||
Non-controlling interest | (175,384) | (175,383) | (1) | +0% | ||
Total Equity | 33,423,957 | 33,327,739 | 96,218 | +0% | ||
TOTAL LIABILITIES AND EQUITY | 46,874,055 | 46,801,437 | 72,618 | +0% | ||
9
Overview
Consolidated Statement Of Cash Flows | 31/03/2024 | 31/03/2023 | Changes | Changes |
31 March 2024 | QR"000 | QR"000 | QR"000 | % |
Net cash flows from operating activities | 329,183 | 350,071 | (20,888) | -6% |
Net cash flows (used in) investing activities | (28,184) | (18,885) | (9,299) | +49% |
Net cash flows (used in) financing activities | (251,516) | (339,562) | 88,046 | -26% |
Increase/(Decrease) in cash and cash equivalents | 49,483 | (8,376) | 57,859 | -691% |
Financial Cash Flow
Netcash flows | fromoperating | activities |
Net cash flowsNet cash flows (used in) (used in) | financing investing | activities activities |
(251,516)
(339,562)
(28,184)
(18,885)
31/03/2024 31/03/2023
329,183
350,071
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Disclaimer
Ezdan Holding Group QSC published this content on 28 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2024 10:56:03 UTC.
