Investor Presentation FY2017
Financial Performance | Income Statement Highlights
Net Revenue
(EGP mn)
400
YOY : 61%
281.1
27%
Revenue
Breakdown
...O
40
29
51
174.1
2012
2013
2014
2015
2016
2017
14%
59%
Land Plot Sales
Real Estate Revenue
Infrastructure
* Based on Total Revenue before Returns
ERC realized revenues of EGP 167.4 mn from land sales during 2017 (vs. EGP
85.4 mn in land sales during 2016). Jamaran Sales totaled EGP 9.2 mn in 2017
vs EGP 2.7 mn in 2016.
Tawaya, ERC's exclusive waterfront apartments in Old Town developed in
cooperation with Palm Hills, recorded revenues EGP 22.8 mn in 2017 vs EGP
5.9 mn in 2016. Meanwhile, recurring revenues from retail activities reached
EGP 7.2 mn in 2017, including maintenance
Revenues from ERC's facility management and infrastructure assets totaled
EGP 75.3 million in 2017, up nearly 54% y-o-y, and contributing c.27% to the
company's top-line. Utilities and services rendered included power
distribution (EGP 35 million), water distribution (EGP 16.9 million) and
facilities management services (EGP 20.8 million) among others.
Gross Profit
(EGP mn)
EBITDA
(EGP mn)
Gross Profit
■GPM%
EBITDA
EBITDA%
-268%
-101%
58%
-42%
-10%
33%
-28%
-80%
-83%
60%
20%
37%
232.3
242
(11)
(23)
(42)
2012
2013
2014
2015
34
103
-29.2
-21.7
-107.1
2016
2017
2012
2013
2014
2015
-17.9
2016
92.2
2017
Gross Profit recorded EGP 103 million (GP margin of 37%) in FY2017 against a gross profit of EGP 34 million
(GP margin of 20%) during FY2016
EBITDA came in at EGP 92.2 million in FY2017 with an EBITDA margin of 33% compared to -10% in FY2016
Investor Presentation FY2017
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