Investor Presentaiton
Contained 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
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