In a comprehensive overview of Talaat Moustafa Group Holding (TMGH), we have come across an intriguing presentation highlighting the company's notable past events (presentation title: IR Presentation March 2024 Update). While we recommend reviewing the complete presentation, we have extracted some of the key points below. For the full presentation, please download it from TMGH's Investor Relations Page using the provided link.
Highlighted Points from TMGH Presentation:
Hospitality
ICON used some of the capital increase proceeds for early repayment of its FX debt, making the hospitality arm even more robust in the long-term.
The transaction will increase direct USD inflows to the owner to some USD82mn in 2024, from USD51mn in 2023 (+60%). Repayment of FX debt happened in early 2024, will make all of this amount available to the Company, in the absence of any FX liabilities
Saudi Arabia
TMG’s management secures an unmatched growth opportunity with a new 10mn sqm mixed-use project in the nearby market of Saudi Arabia in 2023, further strengthening the Group’s future FX sources while diversifying its development operations with access to new, young, and high-spending populations and providing new sources of long-term
recurring income.
The project will generate between SAR3.5-4.5bn of additional FX
denominated income for the Group and is expected to generate some
SAR600-800mn per annum in recurring income within the next 10
years.
Real Estate Sales - Egypt
The best year in terms of sales volume and value in the history of the
company and the market, thanks to brand equity and well-diversified
portfolio of products, with sales reaching EGP143bn in FY2023 while sales prices increase by 50-70% during the year.
Sports Clubs
TMGH sold 4,685 standalone memberships in 2023
Revenues increased 27% y-o-y reaching EGP 856 mn in 2023
Presentation link: https://talaatmoustafa.com/upload/TMGH%20IR%20Presentation%20FY2023.pdf
Investors Relation Page - IR presenations:https://talaatmoustafa.com/investor-relations/
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