Delivering Robust Growth

Strong Balance Sheet Solid Credit Profile with very Comfortable Net Debt-to-Equity and Debt Coverage AED Million 2022 Debt 14,498 Cash 18,289 Net Debt (3,791) Equity 75,426 Total Assets 132,364 1,457 Key Ratios 2022 Debt/Equity 0.2 2023 Debt/ Total Assets 0.1 Net Debt/ EBITDA (0.4) EBITDA / Interest 12.2* Credit Rating BBB- / Baa3 (With Stable Outlook) * Excluding finance cost related to discounting/unwinding of long-term payments & leases 7 | EMAAR Comfortable Debt Maturity Profile - Dec 2022 AED Million 3,219 2,942 1,804 2024 2025 5,077 2026 2027 & Beyond Emaar Development & International Emaar Malls Sukuk & International Emaar Development, Emaar Properties & International Emaar Properties Sukuk 3 & International Emaar Properties Sukuk 4, 5 & International Note: Majority short/medium term working capital type facilities are rolled over on annual basis or on the respective facility expiry dates

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