Investor Presentation FY2021
FY2021 - KEY HIGHLIGHTS
Excellent Group
performance in FY
2021 across all
businesses...
•
Group net profit +20% y-o-y
•
·
៥
ALDAR
Strong balance sheet with AED 5.4bn of free & subsidiary cash and AED 4.7bn of undrawn committed facilities
Dividend recommendation of 15 fils (+3.4% VS 2020) in-line with existing dividend policy
•
Entering phase of significant capital deployment
•
Development sales ahead of guidance at AED 7.2bn - Sales backlog of AED 6.0bn
Strong ramp-up of Projects segment, with gross profit +105% y-o-y - Projects backlog of AED 41.1bn
•
Acquisition of SODIC completed on 16 December 2021 (Aldar interest of 59.9%) - full consolidation of SODIC in
Aldar's FY2021 financial statements and going forward
...led by record
Development
performance...
•
•
FY2021 Investment NOI +11% y-o-y (l-f-I NOI +5%)¹
...and supported by
growth in Retail
and recovering
H&L segment
•
•
Retail NOI +4% y-o-y mainly due to higher occupancy at Yas Mall (97% occupancy) and Mamsha Al Saadiyat retail
H&L EBITDA +126% y-o-y with strong Q4 driven by Formula One and the holiday season
Education EBITDA +42% y-o-y and Principal Investments (ex Pivot) EBITDA +62%² y-o-y
L-f-l adjusted for certain costs re-classification in 2021.
Note:
1.
2.
L-f-l excluding cooling.
-INVESTOR PRESENTATION FY2021
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