Investor Presentaiton
Consolidated
Results
UAE Development
International
Development
Emaar Malls
Emaar Hospitality
EMAAR
International Development - Key Highlights
Emaar Misr - Development¹
Key Highlights
AED Million
EGP Million
•
Delivered 241 units in Q1'21
Q1 2021 Q1 2020 % Change Q1 2021 Q1 2020 % Change
•
Property sales grew by 32% to AED 0.8 Bn
•
Emaar Misr's revenue backlog² was
Units Delivered
241
46
424%
241
46
424%
AED 13.4 Bn at the end of 31 Mar 2021
Net Sales
800
606
32%
3,420
2,600
32%
Revenue
363
58
530%
1,551
247
527%
Q1 2021 Revenue Breakup
EBITDA
128
(13)
(1119%)
546
(54)
(1114%)
15%
Villas/Townhouses
Apartment
Margin (%)
35%
(22%)
(259%)
35%
(22%)
(259%)
Net Profit
124
57
116%
529
246
115%
Margin (%)
34%
99%
(66%)
34%
99%
(66%)
Note: In Q1'21 revenue recognition policy of Emaar Egypt has been changed retrospectively from over a period of time to point in time method
due to recent contract enforcement trends, legal opinions and industry practice. Accordingly, the comparative numbers have been restated.
85%
Emaar Misr Positioned Itself As Local Market Leader Delivering Superior Growth
33 |
EMAAR PROPERTIES
1) Emaar Misr for Development is an EGX-listed company developing residential & commercial projects in Egypt. Emaar Misr financial information provided above is based on
the updated accounting policies adopted by the Group. Exchange rates used for Mar 2021 is AED 0.2340 per EGP. 2) Sales value of units sold but not yet recognised as
revenue under IFRSView entire presentation