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INVESTORRELATIONPRESENTATIONFOR Q3-2019 | MAZAYA REAL ESTATE DEVELOPMENT Q.P.S.C.

INVESTOR RELATION PRESENTATION | Q3-2019

Mazaya Real Estate Development is a “Qatari Public Shareholding Company”, established on 10 January 2008 with a capital of QR 1 Billion. It was established under Article No.68 of the Law No. 5 of 2002 concerning the issuance of commercial companies, and according to the terms and conditions of the Memorandum of Associa-tion of the company and its Articles of Association. The establishment of the company was approved under a de-cision by his Excellence Minister of Business and Commerce No. 22 of 2008. The Articles of Association was fur-ther amended in accordance to Law No. 11 of 2015. The company’s shares were listed on the Qatar Stock Ex-change on the 17 October 2010. On July 17, 2019 the capital was split to become 1,157,625,000 Shares equiva-lent to QR 1,157,625,000 (1 QR per Share) from 115,762,500 Shares equivalent to QR 1,157,625,000 (10 QR per Share).

The company operates in agreement with the provisions of the Islamic law, and specializes in such real estate investment and development as: the establishment of residential, commercial and industrial compounds, real estate studies and consulting, contracting, maintenance, brokerages and commission agencies, property-related commercial and real estate representation, marketing, buildings and facilities management, mechanical and electrical equipment and appliances, import and export related to company purposes, and investment of compa-ny funds as a form of effective management of the company’s liquidity at the discretion of the Board of Directors, and any other activities or purposes as subsequently determined by the General Meeting of the company to the extent permitted under the Qatari regulations and laws in force and effect.

ABOUT MAZAYA


Sidra Housing Village contains 1165 residential units covering an area of 145,000 square meters, developed by Mazaya Real Estate Development for Qatar Foundation for Education and Science under Build-Operate-Transfer scheme (BOT) for a period of twenty-one (21) years.

The contract started on April 1, 2019, and the tenant moved by May 2019. The project is financed through on Islamic facility, where the management is consid-ering restructuring the debt to support the cash flow of the company.

SIDRA VILLAGE


Mazaya Real Estate Development Company developed Tala Residential Com-pound specifically for Qatar National Convention Center staff housing, which was delivered in the fourth quarter of 2012.

The project was completed under a memorandum of understanding between Mazaya Real Estate Development Company and Qatar Foundation for Education, Science and Community Development, including an exclusive lease with the Foundation for 10 years from the date of project completion.

Tala Residential Compound consists of 346 residential units, the compound also includes health club equipped with the latest sports equipment, swimming pool, various sports activities and service facilities.

The project is mortgaged to one of the local Islamic bank, and the company man-agement is currently considering rescheduling to increase cash flow.

TALA RESIDENCE


Due to the steady increase in the construction of shopping malls, the company commenced reassess the project features and structure in order to ensure the highest and most appropriate return for the company and shareholders. We have request Qatari Diar, the main developer of Lusail, to change the concept of the project from a shopping mall to a unique project with various activities such as (Bazaar, a unique health club, hotel services, water games, health center, restau-rants and cafés), and we obtained the initial approval of the idea from Qatari Diar and getting the final approval from Qatar Foundation is in process (as the owner of the land) to start the process of licenses required to proceed with implementa-tion. This idea is unique in Qatar and the region and will create new and distinc-tive content.

MARINA MALLHotel\Serviced Apt.

Market

Nursery

Entertaiment center

Retail

Bazaar\spice market

Theme Park \ Aquarium

Hammam

Restaurants\F&B

Marina

Grand Bazaar


Mazaya Real Estate Development Company owns Gloria Hotel located in the heart of the Qatari Capital (Doha), very close to the Corniche Street. The Four-Star Gloria Hotel consists of 17 floors, two lower grounds, one ground and fourteen floors which contains 167 rooms including suites. The hotel also has a large mul-ti-use ballroom for weddings, parties and conferences that accommodates more than 200 people.

The hotel provides comfort services for guests and visitors through the health club, swimming pool, restaurants and cafés inside the Hotel.

The hotel is currently closed for maintenance, renovation and refurbishment in order to meet the latest requirements in the hotel industry of its category. The Hotel will be inaugurated in its new characteristic at a date that will be an-nounced in due course.

GLORIA HOTEL


The company is currently studying the merger with Al Bandary, a leading company in Doha’s real estate market, to acquire only income generating assets through capital increase, after compliance with the applicable laws.

The Company is currently undertaking the necessary financial and legal studies related to the merger, which are based on the acquisition of income generating properties that contribute to increasing the profitability of the company and increasing the return on capital.

MERGER


INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at September 30, 2019

8,639,443246,213

755,633,899100,820,41050,315,713

1,174,407,1662,090,062,844

20,146,978 4,026,374

25,806,72449,980,076

2,140,042,920

1,157,625,000 67,790,99481,718,175

1,307,134,169

615,301,750 7,705,850

1,883,072624,890,672

166,706,005 2,273,577

39,038,497 208,018,079 832,908,751

2,140,042,920

6,872,284 143,458

755,633,899 101,059,410 50,315,713

1,171,965,8772,085,990,641

27,926,245 2,228,254

102,541,398132,695,897

2,218,686,538

1,157,625,00067,790,99442,140,485

1,267,556,479

609,073,870 5,651,2962,320,883

617,046,049

202,882,3172,634,698

128,566,995334,084,010951,130,059

2,218,686,538

10,995,655 381,951

738,133,446892,971,58150,652,246

--1,693,134,879

-- 1,961,437

16,579,47018,540,907

1,711,675,786

1,157,625,000 66,131,255

(346,740,339)877,015,916

679,772,8129,979,426

2,057,730691,809,968

73,366,8011,801,632

67,681,469142,849,902834,659,870

1,711,675,786

December 31, 2018

(Audited)(Restated)

QR

ASSETSNon-current assetsRights-of-use of assetsProperty and equipmentInvestment propertiesProject in progressInvestment securitiesFinance lease receivable

Current assetsFinance lease receivableReceivables and prepaymentsIslamic bank balances and cash

TOTAL ASSETS

EQUITY AND LIABILITIESEquityShare capitalLegal reserve(Retained earnings/(accumulated lossesTotal equity

Non-current liabilities Islamic finance facilitiesLease liabilitiesEmployees’ end of service benefits

Current liabilitiesIslamic finance facilitiesLease liabilitiesPayables and other liabilities

Total liabilities

TOTAL EQUITY AND LIABILITIES

January 1 2018

(Audited)(Restated)

QR

,


97%

76%Income Generating 4%

Projects in Progress

20%Land Bank

ASSET ALLOCATION % OF REAL ESTATE PORTFOLIO


INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND COMPREHENSIVE INCOME For the Nine month period ended September 30, 2019

55,687,97619,178,125

206,013(5,655,129)69,416,985

------

141,488(13,494,531)

(123,821)(2,519,176)

(35,117,385) 18,303,560

--18,303,560

0.016

-- 17,325,000 2,153,314

(4,880,119) 14,598,195

227,036 4,754,000

40,000,000 407,694

(14,191,970) (179,154)

(2,540,437) (35,411,413)

7,663,951--

7,663,951

0.007

2019(Reviewed)

QR

2018(Reviewed)(Restated)

QR

For the Nine month periodended September 30

Finance incomeRental incomeRevenue from property managementOperating expensesIncome from operations

Net fair value gain on unquoted investment securitiesNet fair value gain on investment propertiesCompensation from claimsOther incomeGeneral and administrative expensesDepreciation Amortisation for rights-of-use of assetsFinance costsProfit for the period Other comprehensive incomeTotal comprehensive income for the period

Basic and diluted earnings per share attributable to shareholders of the parent expressed in QRper share)

(

,

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