#1المراكز العربية Arabian Centres The Leading Lifestyle Centre Platform in Saudi Arabia Investor Presentation 1Q-FY21 18th August 2020#2Disclaimer The information, statements and opinions contained in this Presentation do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of any offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. Information in this Presentation relating to the price at which investments have been bought or sold in the past, or the yield on such investments, cannot be relied upon as a guide to the future performance of such investments. This Presentation contains forward-looking statements. Such forward-looking statements contain known and unknown risks, uncertainties and other important factors, which may cause actual results, performance or achievements of Arabian Centres Company (the "Company") to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. None of the future projections, expectations, estimates or prospects in this Presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects are based are accurate or exhaustive or, in the case of the assumptions, entirely covered in the Presentation. These forward-looking statements speak only as of the date they are made and, subject to compliance with applicable law and regulation, the Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in the Presentation to reflect actual results, changes in assumptions or changes in factors affecting those statements. The information and opinions contained in this Presentation are provided as of the date of the Presentation, are based on general information gathered at such date and are subject to changes without notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. Subject to compliance with applicable law and regulation, neither the Company, nor any of its respective agents, employees or advisers intends or has any duty or obligation to provide the recipient with access to any additional information, to amend, update or revise this Presentation or any information contained in the Presentation. Certain financial information contained in this presentation has been extracted from the Company's unaudited management accounts and financial statements. The areas in which management accounts might differ from International Financial Reporting Standards and/or U.S. generally accepted accounting principles could be significant and you should consult your own professional advisors and/or conduct your own due diligence for complete and detailed understanding of such differences and any implications they might have on the relevant financial information contained in this presentation. Some numerical figures included in this Presentation have been subject to rounding adjustments. Accordingly, numerical figures shown as totals in certain tables might not be an arithmetic aggregation of the figures that preceded them. Arabian Centres Company • Investor Presentation 2#3Contents 04 ACC at a Glance 08 Key Investment Highlights 18 Financial and Operational Performance 34 Focus Areas and Growth Strategy 39 Appendix#4Leading Developer, Owner and Operator of Shopping Malls Across Saudi Arabia Headline Figures* 21 Malls Arabian Centres Company (ACC) is the leading developer, owner and operator of shopping malls across Saudi Arabia, with a portfolio of 21 malls. 14% Market Share 1.2 mn sqm GLA ACC's malls are spread across key urban areas throughout the Kingdom, including the top 10 cities covering 60% of the population and with a 14% (1) market share by year-end FY2018. ACC operates some of the most iconic malls in the Kingdom, including Mall of Arabia (Jeddah) and Mall of Dhahran, two of the Company's landmark Super-Regional Malls, and Nakheel Mall (Riyadh). 91.4% Occupancy² Its malls are home to more than 1,100 international, regional and local retail brands, including Zara, Debenhams, Coach, H&M, Virgin Megastores, Panda and IKEA. 7 mn 1Q-FY21 Footfall ACC seeks to continuously enhance its overall tenant mix, which includes dining, entertainment, lifestyle and leisure offerings, maximizing returns on its mall portfolio. Fitch - BB+ Moody's - Ba2 ACC made its debut in international debt capital markets, floating a USD 500 million Sukuk and securing a new USD 1.2 billion Islamic facility. The company was assigned a stable rating by international credit agencies. Revenue SAR 475.9 mn 16.9% y-o-y LFL 22.3% y-o-y EBITDA SAR 392.6mn FFO³ Net Profit SAR 234.4 mn SAR 153.1 mn ▼11.9% y-o-y 21.9% y-o-y 32.5% y-o-y Quarter ended 30 June 2020 (1Q-FY21) unless otherwise stated 223 (1) Source: JLL Market Study (2018) (2) Represents period-end like-for-like occupancy (3) Fund from operations: net profit for the year plus depreciation of investment properties and PP&E and write-off of investment properties, if applicable. Arabian Centres Company • Investor Presentation NAV SAR 16,900.5 mn ▲ 9.1% vs. FY2019 4#5Covid-19: Operational Impact March '20 On 16 March, ACC temporarily closed all of its shopping centres in the Kingdom of Saudi Arabia. Pharmacies and supermarkets on ACC premises continued to operate throughout the period given their classification as essential businesses April '20 Except for Makkah Mall, ACC's shopping centres began to reopen on a partial basis on 26 April, with commercial activities permitted from 09:00 to 17:00. Entertainment facilities, cinemas, beauty salons and fitness, and F&B outlets with no takeout access closed for the duration of the period May '20 On 31 May, operating time extended by six hours to 09:00- 21:00, with F&B outlets permitted to receive dine-in orders while taking precautionary measures. Makkah Mall reopens with limited hours. After the extension, ACC malls' operating hours were at 80% compared to the normal, pre- COVID-19 hours of 09:00 to 24:00 GLA Impact (% of GLA impacted during month by category) June '20 On June 21, the government fully removed curfew restrictions throughout all cities and regions and permitted the resumption of all commercial activity. ACC's centres operating according to normal, pre-covid opening schedules, with precautionary measures such limiting visitor capacity, sanitizing stations, and contactless payment. -90% -98% Arabian Centres Company • Investor Presentation -22% -18% Revenue Impact (% of total contracts' value under closure) -18% -11% 0% 0% 5#6Covid-19: Key Measures to Mitigate Impact Health & Safety Comprehensive safety measures at all centres in cooperation with Ministry of Health. Additional social distancing measures enforced at retail units, hallways and capacity limitations at cinemas and elsewhere. Work from home policy rapidly and successfully implemented for all administrative staff. Financial Measures Strong liquidity position after securing SAR 1.9 billion in November refinancing transaction. Debt maturity profile significantly extended, with no obligations coming due over the short term, and significantly enhanced covenant headroom. More than SAR 900 million in cash on hand after drawdown of revolving credit facility. Capital expenditure reduced to maintenance and committed CAPEX, while dividends cut and based on performance. Rent Relief Policy 6-Week Waiver Additional Support Escalations Suspended Case-by-Case On all contractual base rent and service charges beginning 16 March For tenants whose stores were mandatorily closed by government order Lease escalations suspended for 2020 and 2021 Support and further rent-relief to tenants subject to severity of impact on a case-by-case basis Arabian Centres Company • Investor Presentation 6#715+ Years Track Record Achieving Leadership Position Through Sustained Growth GLA Growth FY2014 FY2024f (000s sqm) - No. of malls 12 15 17 19 iii Footfall (mn) 19 23 27 75 88 92 96 109 109 4 Malls +1 Extension 111 4 Malls in Development 19 +1 Extension Revenue (SAR bn) 1.4 1.6 1.9 2.1 2.2 2.2 2.2 FY2024f,... FY2020, 1,214 FY2017, 1,070 FY2018, 1,075 FY2019, 1,086 FY2016, 965 FY2015, 888 FY2014, 790 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2024f BUA of 28,364 sqm Sahara Plaza BUA of 381,281 sqm Mall Of Dhahran Aziz Mall Salaam Mall BUA of 65,800 sqm Al Ahsa Mall 2002 2004 2005 2008 2010 2011 BUA of 109,215 sqm Nakheel Plaza Khurais Mall Arabian Centres Company • Investor Presentation BUA of 341,765 sqm Mall of Arabia Al Noor Mall BUA of 212,825 sqm Salaam Mall BUA of 130,029 sqm Jubail Mall Jouri Mall BUA of 160,482 sqm U-Walk Riyadh Nakheel Mall Dammam 2012 2014 2015 2016 BUA of 106,881 sqm Makkah Mall Haifa Mall BUA of 166,670 sqm Al Nakheel Mall Salma Mall Tala Mall BUA of 179,641 sqm Yasmeen Mall Hamra Mall 2019 7#83 Super Regional Malls GLA ≥ 74,000 sqm 12 Regional Malls Our Assets are Diversified and Strategically Located across Saudi Arabia 37,000 sqm GLA < 74,000 sqm 6 Community Malls GLA < 37,000 sqm Our Malls (1) As of 1Q-FY21, or the quarter ended 30 June 2020 Arabian Centres Company . Investor Presentation 36% Revenue Contribution (1) 58% Revenue Contribution (1) ACC's malls are located in major cities across Saudi Arabia and are anchored by the company's strategic partnerships with major retailers and other tenants. 4,100 stores 1,100 brands 720 customers 1Q-FY21 Geographical Distribution | GLA 1Q-FY21 Brand Split by Origin | No. of brands Central 31% 45% Eastern 68% 24% Western Local 32% International 1Q-FY21 Distribution by Category | GLA 1Q-FY21 Distribution by Store (GLA) 1% Retail 8% 18% Line Stores 6% 14% Grocery Revenue Contribution (1) Entertainment 48% 11% Anchors 66% ■F&B 34% Others ■Junior Anchors 8#9The Leading Lifestyle Centre Platform in Saudi Arabia Arabian Centres Company . Investor Presentation 1 Attractive industry backdrop driven by favorable local demographic and lifestyle trends 2 Largest retail platform in Saudi Arabia with leading positions across key metropolitan areas 3 Strong mall development business with superior returns 4 Fully integrated retail ecosystem 5 Experienced management team with clear roadmap to growth 6 Best-in-Class Corporate Governance Framework 9#10bersika Attractive Industry Backdrop Driven by Favorable Local Demographic and Lifestyle Trends (I/II) Favorable Macro-economic Drivers Favorable Demographic & Lifestyle Trends PANEROON, Strong Population Growth Steadily Increasing A Young Population Workforce c.1.8% in 2017 52% < 30 yrs in 2018 c.3% in 2019 (f) Cultural predisposition towards shopping as a key leisure activity as well as for family outings Strong gift-giving culture Saudi Arabia³ Hot climate supports a high level of demand for indoor, air-conditioned mall environments as a leisure destination Saudi Arabia's modern retail market remains largely underpenetrated with long-term growth prospects 2017A Market Share of GCC Retail Sales 2018A Retail Mall GLA per capita (sqm) (1) UAE Qatar 8.6% Kuwait 1.0% Oman 0.5% Bahrain 0.3% 23.8% 65.9% Dubai Saudi Arabia is the largest retail market in the GCC, almost double the size of the retail market in Abu Dhabi 00 1.2 1.1 International Benchmark (2) 1.1 Oman 0.6 the UAE and is expected to grow by Saudi 123 0.4 Arabia CAGR of 5% between 2019 and 2021 Kuwait 0.3 Bahrain 0.1 Low organized retail supply relative to the GCC and international markets creates significant untapped potential for quality modern retail spaces Source: Oxford Economics, JLL Market Study, Middle East Council of Shopping Centres (2018), International Council of Shopping Centres Retail mall GLA includes shopping centres/malls and quality strip malls but excludes independent standalone stores. (2) As identified by the International Council of Shopping Centres. (3) For only the four major cities i.e. Riyadh, Makkah, Jeddah and DMA 1) Arabian Centres Company • Investor Presentation 10#11Attractive Industry Backdrop Driven by Favorable Local Demographic and Lifestyle Trends (II/II) Retail market is recovering following two years of slowdown, with significant upside driven by the Vision 2030 reforms Store-based Sales 2 Non-Grocery Sales Trough Growth 110 116 105 104 99 103 105 89 60 60 60 60 60 Growth 69 64 61 11.7% 10.7% 5.9% 7.2% 5.9% 4.3% 2.1% (0.6)% (1.0)% 6.9% 5.3% 2.4% 2014A 2015A 2016A 2017A 2018A 2019E 2020E 2021E 2016A Store Based Sales (US$bn) -O-Growth (1.0)% 2017A Non Grocery Sales (US$bn) (0.1)% 2018A 2019E 2020E 2021E Growth Key Focus Areas of VISION 230 Reforms Enriching Quality of Life Women Enablement Promote Saudi Arabia's entertainment industry Enhance Saudi Arabian cities' positioning among top cities Expected Impacts for Retail / ACC Entertainment / leisure including cinemas as incremental footfall generators Recapture retail spending outside of the Kingdom Government drive to increase women mobility Increase the participation of women in the workforce from 22% to 30% by 2030 → 7% increase per year in discretionary spend (1) Enablement of large part of target catchment Boost in total purchasing power Boosting Tourism Focus on tapping the country's underdeveloped tourism industry Foster more balanced and sustainable demand Increase the Umrah visitors from 8 million to 30 million per year by 2030 Infrastructure Improve public transportation infrastructure / connectivity Upcoming ~US$426 billion infrastructure plan Increasing domestic and international tourist flows in Saudi Arabia Improved accessibility / mobility leading to higher footfall Source: Vison 2030, Jadwa Investment, Centre for International Communication, Euromonitor 2018, Saudi Railways Organization, Bloomberg, JLL Market Study, IMF Notes: 1. Additional 770k working women calculated as 8% (30% minus 22%) of current women population in Saudi Arabia between 15-64 years of age. US$2.6bn discretionary spend calculated as 38% of the total disposable income of additional working women Notes: 2 Store-based Sales/Source: JLL Market Study, Euromonitor 2018, IMF Arabian Centres Company . Investor Presentation 11#12Largest Retail Platform in Saudi Arabia with Leading Positions Across Key Metropolitan Areas Diversified portfolio strategically positioned in large catchment areas Key Saudi Arabian Cities Retail Mall Market Share by GLA as of 2018 (1) DMA 17% Market share ⚫ Mall of Dhahran Ahsa Mall Jubail Mall Nakheel Plaza Salma Mall Noor Mall Makkah Mall Jouri Mall Other Cities Top 4 Cities Ha'il Qassim Madinah Jeddah Makkah Taif Jubail DMA Riyadh Hofuf (1) Source: JLL Market Study (2018), Company information - Based on 4 key cities (Riyadh, Jeddah, DMA and Makkah) and only including organized retail space (>3,000 sqm) Arabian Centres Company • Investor Presentation Riyadh 11% Market share Nakheel Mall Dammam ⚫ Sahara Plaza Salaam Mall • Tala Mall Khurais Mall ⚫ Nakheel Mall Hamra Mall • U-Walk Jeddah 28% Market share Aziz Mall •Mall of Arabia Haifa Mall •Salaam Mall Yasmin Mall 12#13RE ACC Has Constructed a Strong Mall Development Business with Superior Returns High Mall Development Capabilities and Expertise Through its partnership with FARE (member of Fawaz Alhokair & Partners Co.), ACC has successfully developed 18 Malls (with the exception of Tala Mall in Riyadh, Salaam Mall in Jeddah and Salma Mall in Hail). ACC has demonstrated its ability to accurately assess changing market requirements which are important for identifying and securing attractive sites for its Malls. Strong Pre-leasing Model ACC has been able to pre-lease approximately 50% of its recent new malls 3-6 months ahead of their launch 75% 91% 70% 50% Superior Returns (YTC) 1-3 Years < 5% Av. deviation Average total delivery time From scheduled budget Favorable Lease Terms 3-4 Yrs 5-6 Yrs Av. Implied payback Av. Implied payback ~5% Escalation Clause for Line Stores 30% Leasehold 18% ~90%+ With Variable Rent Clause Freehold 3-6 months Pre-launch First Year Occupancy Current Occupancy 3-5 Years Typical Tenure for KSA Line Stores YTC-FY2020 Actual EBITDA (Net of lease expense for leasehold) divided by Total Development Cost (including land for freehold) where Total Development Cost defined as the capital expenditure incurred and the land cost Arabian Centres Company • Investor Presentation 13#14Fully Integrated Retail Ecosystem Fashion Alhokair Fashion Retail ALHOKAIR HI Fashion Retail الياء التجزئة Food & Beverage Leisure & Entertainment دين الصباح الريفي يتيمة Food & Entertainment Company (1) F Food & Entertainment Member of Fawaz Alhokair Group 20+ BRANDS AH FAS Entertainment (2) موفي muvi 3 BRANDS Desigual 75+ BRANDS CINNABON ZARA Bershka DUNY V Molten Chocolate Cafe EMIRGAN Monsoon M ESTEE LAUDER Sütis SEATTLE'S BEST COFF Massimo Dutti ALDO La SENZA MANGO Life with CACAO مامایند کافیه Mamma BunCafe Kidzania SKINNYPIZZA Caffé Concerto Large and Attractive Retail Portfolio (1) Includes Food & Entertainment Co., Food Gate Company Commercial, and Coffee Centres (2) Trading Includes Billy Games Company Co, Kids Space Company and Next Generation Company Limited Arabian Centres Company • Investor Presentation 95+ BRANDS الفعاليات الثقافية KIDZ SPACE 14#15Experienced Management Team with Clear Roadmap to Growth Salman Abdulaziz Fahad Alhokair Vice Chairman Managing Director Responsible for overseeing the day-to-day activities of the Company and directing its management team on its shareholders' behalf. He is also founding member of Alhokair Fashion Retail. Faisal Al Jedaie Chief Executive Officer Over 30 years of wide-ranging experience in business administration in the retail and fashion industries. Mr. Al Jedaie is currently chairman of Thobe Al Aseel Company and sits on the Board of ANB's Al Mubarak Real Estate Income Fund. Jabri Maali Chief Financial Officer 25+ years of experience in finance held several executive roles including Finance Manager of Planet Group and External Audit Supervisor at BDO. Ghassan Abu Mutair Chief Development & Project Management Officer Previously held position of Manager of the Supply Chain Group at Fawaz Abdulaziz Alhokair Real Estate Company. He also served in other operations positions at General Electric and the Saudi Binladin Group. Turki Al Zahrani Chief Shared Services Officer 20+ years of experience in financial management and operations including Faisaliah Group and Boston Consulting Group. Francois Kanaan Chief Digital and Marketing Officer 25 years of experience in corporate marketing. His background includes corporate communications, digital transformation, brand development and destinations marketing. Mubarak Al Enazi Operations Sector Director Previously held positions of Tenant Relations Manager, Central Regional Manager, Business Unit Manager (Nakheel Riyadh) and Quality Assurance Manager at Arabian Centres Company. Khalid Al Janahi Leasing Sector Director Prior to joining ACC, was Leasing Director at SHUROOQ (Investment and Development Authority of Sharjah), Manager of Retail Leasing at MERAAS Dubai, and Consultant at Ernst and Young Bahrain. Naji Fayad Director of Internal Audit Department He has over 20 years of experience in audit related functions and holds several academic degrees and professional qualifications including a Chartered Accountant (CA) degree and a Certified Internal Auditor. Faisal Al Wazzab Legal Affairs Director and BoD Secretary Previously held positon of Head of Legal Consultancy/AGM for Legal Affairs at Al Rajhi Bank's Governance & Legal Group, with 15+ years of experience. Abdullah Al Harbi Information Technology Director Broad experience is sectors ranging from government and ICT to banking and manufacturing at leading Saudi organizations, including National Information Centre, SMB, Al Rajhi Bank and Advanced Electronics Company. Faris Al Gahtani Head of Investor Relations Prior to joining ACC, held the positions of Investor Relations Manager at Dur Hospitality Company, Investor Relations Team Leader at Zain Saudi Arabia, and several positions at KPMG Saudi Arabia, including Senior Financial Analyst. Arabian Centres Company . Investor Presentation 15#16• Best-in-Class Corporate Governance Framework (I/II) Fawaz Abdulaziz Alhokair Chairman Co-founder of Al Hokair Group Chairman of the board of FAS Saudi Holding Company • Salman Abdulaziz Alhokair Vice Chairman and MD Co-founder of Al Hokair Group Director on the board of FAS Saudi Holding Company Kamel Al Qalam Remuneration & Compensation Committee Member Consultant to Fawaz Abdulaziz Al Hokair Real Estate Company Omar Almohammady¹ Board Member Group CEO at Fawaz Alhokair Group Mohamed Al Khorayef Remuneration & Compensation Committee Chairman CEO of Al Khorayef Group Independent Omar Al Farisi¹ Corporate Governance Committee Chairman Managing member at Diyala Advisors LLC . Member of the board of the Savola Group . Independent BOARD COMPOSITION Bernard Higgins Audit Committee Chairman Corp. Gov. Committee Member Honorary professor at Edinburgh Business School Previously CEO of retail banking at Royal Bank of Independent Abdulrahman Al Tuwaijri Board Member Previously chairman of Capital Market Authority (CMA) in KSA Independent Ahmed Demerdash Badrawi Board Member Vice Chairman at Marakez Egypt Member of the Board at Arqaam Egypt, Goodsmart Co-Founder of Cairo Angels BOARD COMMITTEES 4 Non-Independent 4 1 Audit Independent Vacancy Arabian Centres Company • Investor Presentation Remuneration & Compensation Corporate Governance (1) Appointed on 26 May 2019 16#17Best-in-Class Corporate Governance Framework (II/II) Key ACC is Committed to Maintaining the Highest Standard of Corporate Governance Documents Company Management Corporate Governance Audit Committee Board of Directors General Assembly (GA) Committee Corporate None Governance Manual Regulatory Required to act as the main resource on governance for the Board Requirements Related Party Transaction Policy (RPTP) Additional Protective Measures Framework Agreements RPTP requires management to conduct review of related party relationships on a quarterly basis and present report to Audit Committee Framework Agreements lay down key parameters to assist management in its dealings with key related parties Supports the Board in the adoption of global best practice in governance standards and frameworks ✓ Oversees board committee evaluations Ensures adequate succession planning for CEO and senior management Required to supervise and review related party dealings Independent members must comprise more than a third of the Board or 3 directors GA to approve related party transactions; conflicted shareholders to abstain from voting Determines need for new Framework Agreements Reviews management report on related party dealings Provides recommendations to the board, including on compliance with Framework Agreements ✓ 4 of the 8 currently appointed directors are independent Review Audit Committee report on related party transactions and provide recommendations to GA Scope of RPTS which require GA approval Arabian Centres Company • Investor Presentation 17#18Financial & Operational Performance#19Key Developments Leasehold Negotiations Lease Renewals Cash Position The Company secured SAR 35.3 million in landlord discounts during 1Q-FY21, representing 13.5% of the total land lease expenses, following successful leasehold negotiations. Despite the impact of Covid-19 on the retail market, ACC renewed 1,017 leases between 01 January 2020 and 30 June 2020, representing 59.5% of leases due to expire in 2020G. With more than SAR 900 million in cash on hand, ACC enjoys a solid liquidity position as the Company successfully controls cash spend in light of the COVID crisis and pursues cost efficiencies. SAR 35.3 mn discounts 59.5% Of expiring leases in 2020G renewed SAR 900 mn Cash on hand Cinemas Reopen Reduced Dividend Payment Pipeline Progress ACC's cinema theaters have resumed operations with enhanced safety and social distancing measures following a temporary hiatus due to COVID-19. Supported by disposal of SAR 122 million noncore investment in Amlak International for Real Estate Finance Co., SAR 35.3 million in leasehold discounts, with net cash use of only SAR 115.5 million. CAPEX and advances of SAR 32.0 million in 1Q-FY21 focused on ACC's near- term pipeline and maintenance CAPEX. 4 Cinemas SAR 237.5 mn Cash dividend paid in July SAR 32.0mn CAPEX Arabian Centres Company • Investor Presentation 19#20Footfall Impacted by Covid-19, Occupancy Remains Strong GLA Progression vs. Average Footfall IGLA (sqm 000s) Footfall (mn) 109 111 109 1,214 1,223 1,075 1,086 1,083 31 7 FY18 FY19 FY20 Occupancy Rates vs. WALT WALT (years) Period-End Occupancy (%) 92.6% 93.4% 93.1% 93.2% 91.4% 6.4 5.2 4.9 1QFY20 1QFY21 FY18 5.2 4.6 FY19 FY20 1QFY20 1QFY21 Total GLA climbed 13% y-o-y to 1.223 million sqm, while average footfall declined from 31.4 million in 1Q-FY20 to 7.1 million in 1Q-FY21 due to the Covid pandemic and the consequent temporary closure of shopping centres during the quarter. WALT increased 13.7% y-o-y to 5.2 years in 1Q-FY21, with LFL occupancy at the end of the quarter decreasing to 91.4% due to the effects of the Covid crisis on certain lessees and the allocation of greater space to cineplexes at ACC centres. Arabian Centres Company . Investor Presentation 20#21Three-Year Historical Footfall Seasonality 31 28 25 25 Quarter-on-Quarter Footfall (mnn) 30 27 27 25 31 28 26 25 7 1Q-FY18 2Q-FY18 3Q-FY18 4Q-FY18 1Q-FY19 2Q-FY19 3Q-FY19 4Q-FY19 1Q-FY20 2Q-FY20 3Q-FY20 4Q-FY20 1Q-FY21 ACC's malls typically witness low seasonality in footfall during the winter months of Jan - Mar (4Q-FY), while peak footfall coincides with the months of Apr-Jun (1Q-FY). With the mall closures during 1Q-FY21, ACC's footfall declined by +70% compared to the season's average. Arabian Centres Company • Investor Presentation 21#22Continued Lease Renewals with a Flat Releasing Spreads Number of Leases Renewed 100% 100% 98% 2,044 53% 1,408 1,183 34% 801 750 9% 267 38.5% Lease Expiry Schedule 31-Mar-20 27.6% 21.4% 26.2% 23.8% 21.1% 12.5% 7.3% 30-Jun-20 >> FY18 FY19 FY20 1QFY20 4QFY20 1QFY21 Leases Renewed -Percent of Expiring Leases in Fiscal Year 1.7% 1.2% 5.4% 3.9% 1.4% 1.8% 2.0% 0.7% 0.6% 3.1% 2020G 2021G 2022G 2023G 2024G 2025G 2026G 2027G 2028G The Company renewed a total of 750 leases during 1Q- FY21 (1,017 calendar YTD), with 34% of leases expiring in FY21 successfully renewed with a flat renewal spread. Management is temporarily renewing leases at a short- term basis to avoid locking a long-term contract at less favorable market rates in a recovering market. Arabian Centres Company . Investor Presentation 22#23Higher Discounts Granted to Tenants Addressing COVID-19 13.1% FY18 Weighted Average Discount Rates COVID-19 Related 5.6% 6.8% 2.3% 3.3% 1.3% FY19 FY20 1QFY20 12.5% 11.3% 7.5% 12.5% 3.8% 4QFY20 1QFY21 ACC's weighted average discount rates between external and internal tenants was 12.5% in 1Q-FY21, with only COVID- related discounts extended during the quarter. When excluding the COVID-19 related discounts, rates continue the company's downward trend in discounts witnessed in the previous periods. Arabian Centres Company . Investor Presentation 23#24Contained Covid-19 Top-Line Effects Revenue | SAR MN (1) Net Rental Revenue Media Sales Utilities & Other Y-o-Y Growth % 1.7% 0.7% 1.0% 2.5% 2,161 2,176 2,197 139 135 124 61 66 67 1,975 2,006 1,961 FY18 FY19 FY20 Like-for-Like Net Rental Revenue Growth -16.9% 0.7% -2.0% 572 476 -6.7% 30 22 19 11 523 443 1QFY20 1QFY21 FY18 2.5% FY19 FY20 1QFY20 -22.3% 1QFY21 1) Total revenue decreased 16.9% y-o-y to SAR 475.9 million for 1Q-FY21. This decline comes on the back of the restriction of activity at ACC's centres for much of the quarter as a result of the COVID-19 pandemic and efforts to stop the spread of the virus. On a like-for-like basis (across 19 malls), net rental revenue was down 22.3% y-o-y in 1Q-FY21, driven by COVID-related disruptions and a temporary decrease in like-for-like occupancy rates on account of space being allocated for cineplexes. This revenue figure for 1QFY21 includes two recently opened malls, U-Walk and Nakheel Mall Dammam, which were launched during 2QFY20 and remain in a ramp-up phase as regards leasing. Arabian Centres Company • Investor Presentation 24#25Fixed Versus Turnover Net Rental Revenue 0.6% Fixed Rent (SAR mn) 0.9% Turnover vs. Fixed Rental Revenue Turnover Rent (SAR mn) 3.1% 62 13 18 1,947 1,957 1,944 FY18 FY19 FY20 1.8% 6 -Turnover % of Total 0.9% 4 514 439 1QFY20 1QFY21 While the percent contribution of turnover rent has been steadily rising, in 1Q-FY21 witnessed a decline to 0.9% owing to lower tenant sales due to COVID-19. Arabian Centres Company • Investor Presentation 25#26Net Rental Revenue Breakdown External vs. Internal Split in Net Rental Revenue Net Rental Revenue by Category Internal Tenants (SAR mn) External Tenants (SAR mn) 1,960 1,975 2,006 1,479 1,494 1,493 6% 12% 4% 3% 75% 523 468 443 386 350 481 481 513 329 137 118 114 Retail Grocery Entertainment F&B Others FY18 FY19 FY20 1QFY20 4QFY20 1QFY21 ACC maintained a profitable tenant mix, with internal tenants constituting c.26% of net rental revenue in 1Q- FY21 Retail tenants generated the bulk of ACC's top line during the period, with the contribution from entertainment and F&B subdued following the application of capacity limits at such locations Arabian Centres Company • Investor Presentation 26#27Growing Revenue Contribution by New Malls New Malls 19% Total Revenue by Mall Others 15% Mall of Dhahran 15% New Malls Revenue Contribution U-Walk - Opened FY2020 I Nakheel Mall Dammam - Opened FY2020 I Hamra Mall - Opened FY2016 Yasmin Mall - Opened FY2016 18.9% 2.6% 15.0% Mall of Arabia 13% 1.4% 3.9% 11.3% 1.6% Salaam Mall 3% Haifa Mall 5.5% 5.8% Salaam Mall 5.2% Jeddah 8% 1% Noor Mall 6% Aziz Mall Nakheel Mall 8% 6.1% 6.5% 6.6% Makkah Mall 6% 6% FY19 FY20 1QFY21 At 15%, Mall of Dhahran remained the largest contributor to total revenues in 1QFY21, followed by Mall of Arabia (13%), Salaam Mall Jeddah (8%) and Nakheel Mall (8%). ACC's new malls continue inaugurated since FY2016 and FY2020 are delivering steady growth in revenue contribution. Arabian Centres Company . Investor Presentation 27#28Core Profitability Margins Safeguarded by Cost Efficiency 1/2 Cost of Revenue Breakdown G&A Breakdown¹ Rent Utilities Maintenance Salaries ■Security Others Cleaning Salaries & Benefits Insurance 527.0 521.2 Dep P&E I Communication Gov. Expenses IA/R Write-Off Professional Fees Others 27.7 30.7 39.8 174.0 182.7 43.2 171.8 74.9 56.9 30.8 30.8 35.4 56.1 14.4 84.8 316.5 10.7 2.7 10.8 8:6 9.8 6.8 36.1 14.5 109.8 10.4 28.7 108.6 52.8 11.8 12.9 8.3 9.6 57.5 12.9 46.7 48.6 38.9 56.9 77.1 70.4 224.5 94.1 96.3 2.2 6.8 8.3 0.8 7.1 2.9 191.3 7.3 2.1 60.4 110.5 12.8 13.5 14.1 29.4 15.8 66.1 3.2 5.2 11.2 0.4 6.3 2.8-3.2 4.3 3.7 11.9 1.9 13.8 8.0 5.0 1.8 9.5 0.5 11.6 17.7 27.1 24.1 1.8 16.8 19.8 FY18 FY19 FY20 1QFY20 4QFY20 1QFY21 FY18 FY19 FY20 1QFY20 4QFY20 1QFY21 ACC's cost of revenue declined by 21.6% y-o-y in 1Q-FY21 thanks to savings on utilities, repairs and maintenance, and salaries and other benefits. General & Administrative expenses declined by 19.5% y- o-y in 1Q-FY21 primarily driven by lower salaries and benefits. Arabian Centres Company . Investor Presentation 28#29Core Profitability Margins Safeguarded by Cost Efficiency 2/2 EBITDA | SAR MN EBITDA Margin 74.0% 68.0% 65.4% 1,626 1,481 1,414 82.5% 77.8% 446 393 FY18 FY19 FY20 1QFY20 1QFY21 EBITDA Before IFRS 16 | SAR MN EBITDA Margin (Before IFRS 16) 68.0% 68.6% 68.9% 65.4% 63.5% 1,481 1,395 1,414 FY18 FY19 FY20 393 328 1QFY20 1QFY21 EBITDA margin increased in 1Q-FY21 on account of IFRS- 16 impact along with cost control measures Despite a reduction in adjusted EBITDA following decreases in the top line and gross profitability, broad cost control measures and a reduction in sales, general & administrative expenses saw ACC's adjusted EBITDA margin inch up 30 basis points in 1Q-FY21 Arabian Centres Company • Investor Presentation 29#30Bottom-Line Pressure From Non-Recurring Items FFO | SAR MN(1) -FFO Margin Net Income | SAR MN Net Income Margin 52.4% 49.8% 50.6% 36.4% 36.9% 39.6% 49.3% 29.2% 32.2% 43.7% 1,075 1,101 960 786 804 643 300 234 FY18 FY19 FY20 1QFY20 1QFY21 FY18 FY19 FY20 227 153 1QFY20 1QFY21 FFO fell by 21.9% y-o-y to book SAR 234.4 million for 1QFY21, yielding a FFO margin of 49.3% against the 52.4% recorded one year previously. Net profit decreased by 32.5% y-o-y in 1Q-FY21 on account of higher depreciation and interest expense on lease liabilities, increased advertising and promotional expenses and an impairment loss on accounts receivable. 1) Fund from operations: net profit for the year plus depreciation of investment properties and PP&E and write-off of investment properties, if applicable. Arabian Centres Company • Investor Presentation 30#31Strong and Liquid Balance Sheet Total Assets | SAR MN 17,961 18,108 ACC's book value of total investment properties, representing its investment in 21 Cash | SAR MN(1) 1,046 921 operating mall 12,475 13,366 developments, malls 458 FY18 FY19 FY20 1QFY21 under construction and raw lands for future developments, was SAR 18,108.2 million at the close of 1QFY21. 80 FY18 FY19 FY20 1QFY21 Equity | SAR MN Net Debt | SAR MN¹ 1.30 3.90 Shareholder equity 1.20 5,984 1.20 6,160 booked SAR 6,160.4 million for 1QFY21, up from SAR 5,984.3 5,748 6,283 3.70 5,970 3.70 6,092 3.60 4,905 5,065 1.10 million at the close of FY2020. FY18 FY19 FY20 1QFY21 - Debt/Equity 1) The increase in Net Debt + Total Lease Liabilities/Equity ratio in FY20 was driven by the implementation of IFRS-16 Arabian Centres Company . Investor Presentation FY18 FY19 FY20 1QFY21 Net Debt/ EBITDAR Following ACC's drawdown of its revolving credit facility, cash and cash equivalents on the Company's balance sheet stood at SAR 920.8 million as of 30 June 2020. Net debt recorded SAR 6,091.6 million, up from 5,970.1 million at the close of the previous quarter. Meanwhile, ACC's net debt to EBITDAR ratio registered 3.9x for 1QFY2021 against 3.7x at the close of FY2020. 31#32Improved Debt Maturity Profile and Stable Outlook ACC's Sukuk Issuance Affords the Company a Smooth Debt Maturity Profile Debt Maturity Profile - Amortizing Facility (SAR Mn) Murabaha Facility Repayment 2,214 Sukuk Repayment 1,875 Net Debt Breakdown as of 30 June 20 | SAR mn 863 4,500 563 529 469 411 344 375 266 119 178 45 339 FY-20 FY-21 FY-22 FY-23 FY-24 FY-25 FY-26 FY-27 FY-28 FY-29 FY-30 FY-31 FY-32 International credit rating agencies both assigned a stable outlook to ACC's Sukuk issuance, with Moody's putting ratings under review... 1,875 (112) 7,013 6,092 (921) 750 Murabaha/ljara Facility Total Value Senior Unsecured Sukuk RCF Unamortized Total Financial Transaction Debt Costs Cash Net Financial Debt 30 Jun 20 Ba2 BB+ Moody's Fitch Longer weighted average debt maturity Reduced share of secured debt in capital structure Arabian Centres Company • Investor Presentation 32#33O Continued Investment in Near-Term Pipeline 1.9 1.4 0.5 Capex Cost Split Total Land Cost Total Construction Cost Near-Term Pipeline 1.9 0.1 1.8 Capex Status Total Capex Incurred Remaining Capex (FY2021) Total Capex for Near-Term pipeline including land cost for Nakheel Mall-Dammam and Khaleej Mall is c.SAR1.9bn Of the total capex, c.SAR 0.1 bn is remaining and budgeted for FY2021, with SAR 32.0 million spent in 1Q-FY21. Arabian Centres Company • Investor Presentation 33#34Focus Areas and Growth Strategy#35ACC's Key Focus Areas Tenants Shopping Experience Pricing Landlords • Arabian Centres Company • Investor Presentation Improve tenant relations and communication. Focus on engaging with tenants to get relevant feedback and support decision making. Improve collections efficiency. Activate unified contracts platform (Ejar) for smaller tenants. Focus on increasing footfall by improving the overall shopping/leisure experience across our Malls. Accelerate the tenant mix shift Optimize pricing for all malls with focus on C malls. Negotiate discount period with landlords. Negotiate new arrangements on expiring properties. 35#36ACC's Growth Initiatives Key Pillars of ACC's Growth Strategy A Unlock Significant Value from Operating Portfolio B Offer Integrated Lifestyle Experiences C Targeted Growth Strategy to Solidify Leadership Position UNLOCK VALUE Improve F&B and Leisure offer and Attract Fashionable Brands SHP იიიიი Yield Food & Beverage Cinema Unique Entertainment 1 Management 2 Space Optimisation Digitization Launch 1st Digital Retail Platform in Saudi Arabia Malls Currently Under Construction ~659K New GLA from Near and Medium- Term Pipeline Projects + ~60% Increase in GLA (c.10% delivered in FY2020) 4+1 Near-term Pipeline (delivered 2 malls in FY2020) 3 Non-GLA Revenue Opportunity Cost 4 Optimization Arabian Centres Company . Investor Presentation Digitization Smartphone App Loyalty Social Media Program Tenant Portal Digital Footfall Counters 4+1 Controlled Medium-term Pipeline 15-20% Target Yield on Cost 36#37Strengthen ACC Malls as Go-To Family Destination Via Cinema Offering Hamra Mall Riyadh Jubail Mall Jubail Aziz Mall Jeddah SAAM L Salaam Mall Riyadh Opened Planned Jouri Mall Mall of Arabia Jeddah U-Walk Riyadh Nakheel Ext. 1 Riyadh Khurais Mall Riyadh Taif Khaleej Mall Riyadh Aug Dec Feb 2019 2019 2020 Mar 2020 Aug 2020 Sep 2020 Oct 2020 Dec 2020 Mar 2021 May 2021 Jun 2021 Jul/Aug 2021 Nakheel Mall Dammam Arabian Centres Company • Investor Presentation Al Ahsa Ma Ahsa Mall Hofuf Haifa Mall Jeddah Mall of Dhahran Dhahran Yasmin Mall Jeddah Nakheel Plaza Qassim Tala Mall Riyadh Salaam Mall Jeddah Jeddah Park Jeddah 37#38Near-Term Pipeline Total c.309k sqm GLA Addition c.70% Pre-let as of June 2020 Location Jeddah Park U Walk Nakheel Mall Dammam Nakheel Extension 1 Khaleej Mall* Ownership Leasehold GLA (sqm) UWALK April 2021* 85% 128,740 c. 52,000 Now Op September 2019 September 2019 100% 97% (1) Leasehold Jeddah Riyadh pen c. 61,000 Freehold Dammam Now Open 100% Pre-lease Status 60% % Completion(2) Target Opening Date Riyadh Riyadh Leasehold c. 52,000+16,000 extension 70% 90% Freehold c. 51,000 50% 67%* KHALEEJ September 2020* September 2021* Expected Yield on Cost(3) 7237 1) 2) Based on heads of terms agreed with tenants Based on billing as of 10-Apr-2019 3) 4) * +500% (cash payback<1 year) 15%-20% Expected Yield on Cost is derived on the basis of stabilized expected EBITDA (Net of lease expense for leasehold) divided by Total Development Cost (including land for freehold) where Total Development Cost defined as the capital expenditure incurred and the land cost Percent of completion of construction works at Khaleej Mall has been revised downwards to reflect an increase in the total project value as a result of an additional parking lot, a redesign of the food court to incorporate additional entertainment areas under an integrated concept, the provision of greater visibility through the mall façade, and the construction of additional terraces on the ground and first floors. Jeddah Park delayed from April 2020 due to uncompleted construction works from the landlord side, while Nakheel Extension1 delayed from January 2020 due to stoppages associated with covid-19 lockdown measures, and Khaleej Mall delayed from December 2019 due to further re-design of the first floor's façade adjacent to a new megaproject. Khaleej Mall delayed from August 2021 due to reasons discusses in [3]. Arabian Centres Company • Investor Presentation 38#39Appendices#40Our Malls GLA (sqm) Company Revenue Contribution (%) Mall City Lease Expiry Year Opened 1QFY21 FY20 BUA (sqm) Occupancy FY19 FY20 1QFY21 Super-Regional 1) Mall of Dhahran Dammam Feb 2025 2005 159,465 159,482 220,550 95.0% 15.80% 15.00% 14.80% 23 2) Salam Mall Jeddah July 2032 2012 121,642 121,642 212,825 85.7% 8.60% 8.50% 8.15% 3) Mall of Arabia Jeddah Freehold 2008 112,711 113,059 247,848 93.5% 12.70% 12.60% 12.62% Regional 4) Aziz Mall Jeddah Nov 2046 2005 73,199 73,237 93,310 93.6% 7.10% 6.20% 6.33% 5) Noor Mall Madinah Freehold 2008 67,017 67,552 93,917 96.8% 6.20% 6.20% 6.40% 6) Nakheel Mall Riyadh July 2034 2014 56,217 56,218 98,000 90.9% 8.7% 9.00% 8.42% 7) Yasmin Mall Jeddah Nov 2034 2016 54,747 54,716 101,672 88.7% 6.1% 6.50% 6.55% 8) Hamra Mall Riyadh Freehold 2016 55,598 55,598 77,969 93.5% 5.20% 5.50% 5.75% 9) Ahsa Mall Hofuf Freehold 2010 49,667 49,987 65,800 63.1% 2.40% 1.70% 1.56% 10) Salaam Mall Riyadh Freehold 2005 52,747 48,423 67,421 97.4% 3.20% 3.20% 3.16% 11) Jouri Mall Taif Mar 2035 2015 52,295 48,077 92,663 96.3% 4.70% 4.90% 5.46% 233 12) Khurais Mall Riyadh Jan 2022 2004 41,618 41,618 60,230 86.6% 2.60% 2.20% 1.98% 13) Makkah Mall Makkah Freehold 2011 37,473 37,473 56,720 94.5% 7.20% 6.90% 6.32% 14) Nakheel Mall Dammam* * Dammam Freehold 2019 62,233 62,452 92,229 85.0% 1.60% 3.87% 15) U-Walk* ** Riyadh July 2046 2019 63,417 63,679 68,254 97.0% 1.40% 2.60% Community 16) Nakheel Plaza Qassim Dec 2029 2004 52,856 50,306 48,985 77.8% 2.3% 1.90% 1.71% 17) Haifa Mall Jeddah Apr 2032 2011 33,698 33,698 50,161 74.5% 3.00% 2.70% 1.08% 18) Tala Mall Riyadh Apr 2029 2014 22,807 22,636 46,292 83.0% 1.80% 1.70% 1.62% 19) Jubail Mall Jubail Freehold 2015 21,437 22,679 37,366 83.0% 1.40% 1.4% 0.80% 20) Salma Mall Hail Mar 2022 2014 16,959 16,959 22,378 65.0% 0.80% 0.70% 0.51% 21) Sahara Plaza Riyadh Freehold 2002 14,722 14,722 28,364 100.0% 0.00% 0.30% 0.31% Total*** 1,222,524 1,214,213 1,882,954 91.4% 100.0% 100.0% 100.0% * Occupancy rate at Nakheel Mall Dammam reflects pre-leasing rates. ** Occupancy rate at U-Walk reflects pre-leasing rates. ***Total occupancy rate reflects like-for-like figures. Arabian Centres Company • Investor Presentation 40#41Income Statement 1Q-FY20 1Q-FY21 Y-O-Y (SAR) Net Rental Revenue Media Sales Utilities Revenue Total Revenue IFRS IFRS Growth 523,291,482 442,553,424 -15.4% 19,326,296 10,781,019 -44.2% 29,885,941 22,518,672 -24.7% 572,503,719 475,853,115 -16.9% Cost of revenue (77,075,424) (60,432,272) -21.6% Depreciation of investment properties (64,769,328) (74,196,671) 14.6% Depreciation of right-of-use of assets (37,879,343) (42,572,574) N/A Write-off of investment properties GROSS PROFIT 392,779,624 298,651,598 -24.0% Gross Profit Margin 68.6% 62.8% -5.8% Other income 232,569 35,276,467 N/A Other expense Advertisement and promotion (1,090,024) (3,691,120) 238.6% Impairment loss on accounts receivable (16,195,695) (25,242,293) 55.9% General and administration (48,380,980) (38,953,373) -19.5% INCOME FROM MAIN OPERATIONS Share in net income of an associate Financial charges Interest expense on lease liabilities INCOME BEFORE ZAKAT Zakat NET INCOME FOR THE YEAR Profit for the year attributable to: Owners of the Company Non-controlling interests Earnings per share: 327,345,494 266,041,279 -18.7% 6,256,114 (73,885,902) 1,652,443 -73.6% (73,752,129) -0.2% (25,032,751) (35,929,185) N/A 234,682,955 158,012,408 -32.7% (7,719,496) (4,916,184) -36.3% 226,963,459 153,096,224 -32.5% 223,009,201 3,954,258 226,963,459 152,758,372 337,852 153,096,224 Basic and diluted earnings per share 0.47 0.32 EBITDA EBITDA Margin EBITDAR EBITDAR Margin FFO FFO Margin Source: Company Audited Financials, Company Information Arabian Centres Company . Investor Presentation 445,534,133 392,553,379 -11.9% 77.8% 445,534,133 82.5% 4.7% 392,553,379 -11.9% 77.8% 82.5% 4.7% 300,052639 234,441,546 -21.9% 52.4% 49.3% -3.1% 41#42Cost Breakdown (SAR) Rental expense Utilities expense Security expense 1Q-FY20 IFRS 1Q-FYO IFRS Y-o-Y Growth N/A 29,399,586 16,833,064 -42.74% 14,082,894 15,071,321 7.02% Cleaning expense 13,494,987 13,791,892 2.20% Repairs and maintenance 12,764,317 8,036,436 -37.04% Employees' salaries and other benefits 7,333,640 6,271,108 -14.49% Other expenses 428,451 N/A Cost of Revenue 77,075,424 60,432,272 -21.59% As % of Revenue Depreciation of Inv. Properties Employee salaries and benefits Communication Professional fees Insurance 13.46% 12.70% 64,769,328 74,196,671 14.56% 27,099,017 19,762,154 -27.07% 3,172,454 1,814,193 -42.81% 2,802,170 5,035,045 79.68% 1,883,509 1,781,164 -5.43% Government expenses Lease rent Maintenance Amortization of right-of-use asset Board expenses Others 2,860,409 471,162 -83.53% N/A 23,341 24,990 N/A 964,002 941,761 N/A 962,500 N/A 1,256,226 1,011,753 -19.46% G&A(1) 40,061,128 31,804,722 -20.61% As % of Revenue Depreciation - P&E Impairment loss on accounts receivable Opex Total Cost (ex. Depreciation) Depreciation (IP and PP&E) As % of Revenue 8,319,852 16,195,691 117,136,552 20.4% 133,332,243 23.3% 73,089,180 12.8% 7,148,651 25,242,293 92,236,994 19.43% 117,479,287 24.7% 81,345,322 14.4% -1.0 pts -11.89% 1.4 pts 11.30% 4.3 pts -14.08% 55.86% -21.26% Source: Company Audited Financials, Company Information Arabian Centres Company • Investor Presentation 42#43Balance Sheet (SAR) Assets Cash and cash equivalents Accounts receivable Amounts due from related parties Advances to a contractor, related party Prepayments and other current assets Accrued revenue (rentals) Total Current Assets Amounts due from related parties Advances to a contractor, related party - non-current portion Prepaid rent- non-current portion Accrued revenue (rentals) - non-current portion Investment in an equity-accounted investee Other investments Right-of-use assets Investment properties Property and equipment Total Non-current Assets Total Assets Liabilities Source: Company Audited Financials, Company Information FY20 1Q-FY21 IFRS IFRS 920,980,784 260,512,993 582,787,286 142,201,418 143,930,135 1,045,680,193 234,254,125 591,222,957 138,790,964 69,362,957 2,079,311,196 -- 614,438,352 99,835,361 53,079,928 104,463,375 3,561,974,788 11,356,912,845 91,474,811 15,882,179,460 17,961,490,656 2,050,412,616 642,013,617 284,402,836 54,732,371 128,664,374 3,505,261,511 11,358,036,071 84,698,915 16,057,809,695 18,108,222,311 Current portion of long-term loans Lease liability on right-of-use assets - current portion Accounts payable Amounts due to related parties Unearned revenue Accrued lease rentals Accruals and other current liabilities Zakat payable Total Current Liabilities Long-term loans Liabilities under finance lease Accrued lease rentals - non-current portion Employees' end-of-service benefits Other non-current liabilities Total Non-current Liabilities Total Liabilities Total Equity Total Liabilities and Equity Arabian Centres Company • Investor Presentation 45,000,000 338,065,081 149,442,700 3,899,682 177,225,232 90,000,000 343,584,436 180,413,209 6,486,583 163,057,508 175,135,919 232,071,497 78,524,952 1,024,229,144 83,441,136 1,042,118,791 6,970,743,077 6,922,581,447 3,899,162,750 3,906,104,863 30,370,714 52,729,339 23,119,807 53,854,295 10,905,660,412 10,953,005,880 11,977,235,024 5,984,255,632 17,961,490,656 11,947,779,203 6,160,443,108 18,108,222,311 43#44140 120 100 80 60 40 40 20 Share Performance 52-Week Share Price Performance - Rebased 100 0 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 ACC ⚫TASI Real Estate Retailing Trading Summary Closing Price Market Cap 30-Day Av. Volume YTD Change (%) 52 Wk Range Arabian Centres Company . Investor Presentation SAR, % 22.10 10.50 BN Free Float, 20% Shareholder Structure Fawaz Alhokair Real Estate Co., 42% 2,085,456 -25.6% 16.78 - 31.95 Others, 14% Eng. Salman Abdulaziz Al Hokair, 8% Mr. Fawaz Abdulaziz Al Hokair, 8% Dr. Abdulmajid Abdulaziz Al Hokair, 8% 44#45Thank You Contacts Investor Relations Department Email: [email protected] Tel: +966 (11) 825 2080