AL MAZAYA FINANCIAL SEPTEMBER 2016 DISCLAIMER 01 Any statement - PowerPoint PPT Presentation

AL MAZAYA FINANCIAL SEPTEMBER 2016

DISCLAIMER 01 Any statement contained in this presentation that refers to activities estimated or anticipated future results or future activities are forward- looking statements which refmect Al Mazaya’s current analysis of existing trends, information and plans.These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially depending on factors such as the availability of resources, the timing and effect of regulatory actions, the success of new projects, the strength of competition, the success of research and development issues, unexpected contract breaches and terminations, exposure to product liability and other lawsuits, the effect of currency fmuctuations and other factors. Al Mazaya does not undertake the obligation to update or alter these forward-looking statements beyond its duties as an issuer of listed securities on the Kuwait Stock Exchange.

LEGAL ESTABLISHMENT 02 MAZAYA HOLDING CAPITAL STRUCTURE 2015 PAID UP CAPITAL KD 68,827,896 NUMBER OF SHARES 688,278,956 NUMBER OF 621,093,185 OUTSTANDING SHARES

03 Mr. Rashid Al Nafjsi Mr. Abdulrahman M. Rashed Vice Chairman Chairman Mrs. Rasha Abdullah Al-Qenaei Mr. Abdul Hamid Mihrez Mr. Mohammad K. Al-Othman Board Member Board Member Board Member

EXECUTIVE MANAGEMENT 04 Eng. Ibrahim A. Al Soqabi Mazaya Holding CEO Eng. Salwa Malhas Mr. Ahmed Harfoush Dr. Abdulaziz Jarkas Mr. Shlash Al Hajraf Eng. Abdulla Al Sultan Mr. Khaled Abdulatif Mr. Cem Yolcu Chief BD & Chief Financial Chief Projects Offjcer Chief Legal Offjcer Chief Property Acting CEO – CEO – Marketing Offjcer Offjce r Management Offjcer Mazaya Dubai Mazaya Turkey

MAZAYA HEADQUARTERS 05 MAZAYA TOWERS KUWAIT Al Murqab Area, Block 3 Al Mutanabi Street CLOVER CENTER KUWAIT Jabriya, 4th Ring Road, Block 1A Next to Champion’s Gym 17th Floor BUSINESS AVENUE DUBAI Jumeirah Lake Towers AA1 Tower, 45th Floor MAZAYA TURKEY TURKEY Eski Büyükdere Cd., İ z Plaza Giz Binası No:9 K:16 D:60, Maslak Sarıyer, TURKEY İ stanbul

LISTED IN DUAL MARKETS 06 IN 2005 IN 2006

MAZAYA VISION & MISSION 07 1. VISION 2. MISSION • To be ONE of the MARKET • DEVELOP LAND MARK Projects. LEADERS in Real Estate • SUSTAIN a value added quality of Development,Working PROJECTS. in Targeted Prospective • DEVELOP HIGH CALIBER human markets with A STRONG Capital. BRAND which provides • DIVERSIFY the Projects to DISTINGUISHABLE Encompass THE WIDE SPECTRUM PRODUCTS. of Real Estate SEGMENTS/SECTORS .

SECTION 1 EXECUTIVE SUMMARY

JUNE 30,2016 FINANCIAL HIGHLIGHTS - KD 08 Operating Rev. Revenue Rental Revenue % of Total Rev 3.6 mn 25.7 mn 90 % (Q2 - 2015 : 3.1 mn) (Q2 - 2015 : 21.9 mn) (Q2 - 2015 : 95%) Operating Profjt Gross Profjt Net Profjt 6.1 mn 5.3 mn 4.14 mn (Q2 - 2015 : 7.0 mn) (Q2 - 2015 : 6.0 mn) (Q2 - 2015 : 4.09 mn) EPS Total Assets Cash 6.66 fjls 234 mn 12 mn (Q2 - 2015 : 6.61 mn) (Q2 - 2015 : 265 mn) (Q2 - 2015 : 16 mn) Bank Facilities Parent Equity Book Value 100 % Islamic 78 mn 107 mn 172 fjls (Q2 - 2015 : 73 mn) (Q2 - 2015 : 100 mn) (Q2 - 2015 : 162 mn) Debt Ratio Current Ratio Dividends (Cash) 33 % 1.8 Times 2015: 7 % (Q2 - 2015 : 27 %) (Q2 - 2015 : 1.3 mn) (2014 : 6 % )

SECTION 2 FINANCIAL POSITION

MAZAYA FINANCIAL POSITION 09 Total Assets Total Equity Capital Attributable KD KD Liabilities KD KD 2008 344,876,259 189,379,581 117,020,387 45,406,980 2009 363,716,816 197,515,653 124,128,472 49,947,652 2010 309,214,683 219,233,963 82,054,291 49,947,675 2011 252,050,012 165,183,416 81,580,034 64,931,977 2012 221,052,974 133,213,146 83,287,548 64,931,977 2013 228,116,141 130,948,803 90,960,221 64,931,977 2014 261,888,635 154,133,185 100,610,295 68,827,896 2015 251,041,687 139,587,344 104,146,575 68,827,896 Q2 -2016 233,948,308 119,656,905 106,556,242 68,827,896 400 350 300 KD Million 250 200 150 100 50 2008 2009 2010 2011 2012 2013 2014 2015 Q2 - 2016 Total Assets Total Liabilities Total Attributable Capital

JUNE 2016 FINANCIAL POSITION 10 8% 1% 4% ASSETS % Q2- 2016 Q2- 2015 5% Cash & Cash Equivalents KD (mn) KD (mn) 5% Investment properties Cash and cash equivalents 5 % 12.12 11.97 Properties Held For Trading Investment properties 49 % 115.22 115.01 2% Investment in joint ventures & Properties held for trading 25 % 57.37 71.65 associates Investment in joint ventures & associates 5 % 12.42 12.17 49% Financial assets available for sale Financial assets available for sale 4 % 9.34 11.12 Advances to purchase properties Advances to purchase properties 2 % 5.26 16.16 25% Accounts receivable Accounts receivable 8 % 19.35 10.02 Others Others 1 % 2.88 2.93 Total Assets 100 % 233.95 251.04 Liabilities % Q2- 2016 Q2- 2015 KD (mn) KD (mn) 10% Tawarruq & Ijara Payable 65% 78.25 80.37 Advance from customers 24% 28.21 42.59 Tawarruq & Ijara Payable Accounts payable and other credit balances 10% 12.42 15.90 Term Loans Others 1% 0.78 0.73 24% Advance from customers Total liabilities 100 % 119.66 139.59 Accounts payable and other credit Equity % Q2- 2016 Q2- 2015 balances KD (mn) KD (mn) Others 65% Share capital 65% 68.83 68.83 Others 25% 26.31 23.40 Retained earnings 11% 11.41 11.92 1% Equity to Parent Company 100 % 106.56 104.15 Non-controlling interests 3% 7.74 7.31 Total Liabilities & Equity 233.95 251.04

GEOGRAPHICAL REAL ESTATE 11 ASSETS DISTRIBUTION JUNE 2016 WEIGHT OF VALUE Country BUSINESS (KD) TURKEY Kuwait 28 % 51,362,503 UAE 94,529,796 51 % Bahrain 2 % 4,611,975 3,273,504 Oman 2 % QATAR KSA 9 % 16,206,043 Lebanon 1 % 2,599,910 1 % 2 % 2 % UAE Turkey 3,006,355 2 % 5 % 2 % KSA 9 % OMAN Qatar 9,417,562 5 % 28 % BAHRAIN KUWAIT Total Assets 100 % 185,007,647 51 % LEBANON TURKEY QATAR

MAZAYA REAL ESTATE ASSETS 12 BY CATEGORIES JUNE 2016 30% 51% 1% 11% 7% PROJECTS INCOME POOL OF LAND INDIRECT UNDER GENERATING ASSETS FOR BANK REAL ESTATE DEVELOPMENT ASSETS SALE KD 20.1 m KD 55.1 m KD 2.7 m KD 94.6 m KD 12.4 m Properties under Ready for Income Indirect Real Captions Land Bank Total Development Sale Generating Estate Investment Properties 12,120,306 7,644,111 838,947 94,612,322 0 115,215,686 62% Properties Held for 8,029,477 47,463,407 1,875,158 - 0 57,368,043 31% trading Associates & Joint 0 0 0 0 12,423,918 12,423,918 7% Venture Total 20,149,783 55,107,519 2,714,105 94,612,322 12,423,918 185,007,647

MAZAYA LAND BANK - KD 20.1 mn 13 AbuDhabi - Morina Sharjah Dubai - DRC Location Abu Dhabi-UAE Location Sharjah-UAE Location Dubai- UAE No. of plots 1 No. of plots 2 No. of plots 2 Total Area 63,572 Sq.Ft Total Area 36,870 Sq.Ft Total Area 47,582 sq. ft BUA 166,538 sq. ft. BUA 382,359 Sq.Ft BUA N.A Type of use Residential Type of use Residential Type of use Residential Book value KD 1.0 mn Book value KD 0.155 mn Book value KD 6.1 mn Lebanon Kuwait - Sharq Land Dubai - Liwan Location Dubai land Location Baalchami- Location Sharq land - Lebanon Kuwait No. of plots 3 No. of plots 12 No. of plots 1 Total Area 129,503 Sq.Ft Total Area 65,390 m2 Total Area 2,903 m2 BUA N.A BUA 467,400 Sq.Ft Type of use Inv. &Residential Type of use Residential Type of use Residential Book value KD 2.6 mn Book value KD 8.5 mn Book value KD 1.7 mn

MAZAYA INCOME GENERATING PROPERTIES 14 TOTAL VALUE : KD 94.6 mn 100% 100% 100% 100% 100% 100% 100% 38% 76% Book Value Rental Revenue Occupancy KD- Millions KD- Millions Indigo 3.0 0.19 99 % Sky Gardens 32.3 1.13 93 % Al Ma ‘ ather 5.5 0.25 93 % Clover Center 6.9 0.56 98 % Mazaya Towers 30.3 1.02 99 % Mazaya Logistics 4.6 0.10 80 % 68 % Olaya Tower 10.8 0.30 Newly Owend

STEADY INCREASE IN RENTAL REVENUE 15 2009 2010 2011 2012 2013 2014 2015 Q2 - 2016 Rental 0 944,213 1,608,759 2,843,665 3,964,882 5,302,786 6,174,264 3,605,615 Revenue (KD) 6.0 6.1m 5.3m 5.0 4.0m 4.0 3.6m KD 3.0 2.8m 2.0 1.6m 0.9m 1.0 - 2009 2010 2011 2012 2013 2014 2015 Q2 2016 Rental Revenue (KD)

MAZAYA ASSETS FOR SALE - KD 2.7 mn 16 Mazaya Business Avenue JLT Retail Units KD 2.33 mn KD 0.389 mn • No. of units Available: 34 • No. of units Available: 1 • Total Area Sq.Ft : 49,779 • Total Area Sq.Ft : 4,132

PROPERTIES UNDER DEVELOPMENT - KD 55.1 mn 17 Kuwait - KD 4.4 mn Oman - KD 3.3 mn • Estimated Development cost (zone 1) KD 6.5 mn • Estimated Development cost KD 7.9 mn • Scheduled completion: Q1- 2018 • Scheduled completion: Q3 2017 Zone 1 (Sales) • leasable area: 8,144 sq m • Residential Sellable Area: 11,444 m2 • Estimated Annual Income KD 852,044 • Commercial Sellable Area : 3,947 m2 • Usage: Medical Clinic center • Estimated Revenue: KD 8.1 mn Total Cost KD 7.9 mn Dubai-Liwan - KD 41.5 mn Dubai-Liwan - KD 6.0 mn • Newly Launched • Total number of building : 29 • Number of Building 4 • Sellable area: 2.4 million sq.ft • Sellable area : 443,525 sq.ft • Area Sold to Date :85% • Estimated Revenue: KD 27 mn • Estimated Revenue: KD 59 mn Total Cost KD 22 mn Total Cost KD 111 mn