United Development Q P S C : Investor Relations Presentation Q1 2024

UNITED

DEVELOPMENT

COMPANY

- Financial Results -

-2024-

- 31 March 2024 -

INVESTOR PRESENTATION

	Table of Contents
	Overview of the Company	3
	Board of Directors	4 ‐ 6
	Key Highlights	7
	Development Key Highlights	8
	Corporate Governance	9
	Share Information	10
	Dividend Payout	11
	Financial Performance	12 ‐ 18
	Business Segments Overview	19
	Major Operating Assets	20 ‐ 24
	Major Projects	25
	Additional Information	26 ‐ 31

2

OVERVIEW OF UNITED DEVELOPMENT COMPANY

3

United Development Company (UDC) is a leading Qatari public shareholding company with a mission to identify and invest in long- term projects contributing to Qatar's growth and providing good shareholder value. Established in 1999, the Company was first listed on the Qatar Exchange in June of 2003. It has an authorized share capital of QR 3.5 billion and total assets of QR 19.5 billion on 31st March 2024.

From day one, the Company actively contributed in the development of the State of Qatar, rapidly evolving into a leading Qatari

Public Shareholding Company and has successfully established a group of various good performing investments.

Through a combination of project activities and commercial enterprise, UDC and its subsidiaries have accumulated a large amount of specific experience including detailed knowledge of real-estate development, property management, hospitality and maritime, infrastructure and utilities.

UDC's flagship project is The Pearl-Qatar, an urban mixed-use,man-made island development. Located 350 meters offshore of

Doha's prestigious West Bay District, The Pearl-Qatar is one of the largest real estate developments in the Gulf.

UDC is also developing Gewan Island located adjacent to The Pearl-Qatar Island, into the Company's latest world class residential, commercial, hospitality and entertainment project. This development has the potential of becoming a magnificent destination that will maintain UDC's future growth.

UDC established a business model for synergistic growth, creating and operating a diverse portfolio of substantial related businesses that leverage off one another and generate sustainable earnings.

BOARD OF DIRECTORS

4

H.E. Mr. Ahmed Ali Al‐Hammadi	H.E. Sheikh Faisal Bin Fahed	Mr. Ali Hussain Ibrahim
	Al Thani	Alfardan
Chairman	Vice Chairman	Board Member

BOARD OF DIRECTORS CONTD…

5

Mr. Abdulaziz Mohammed Hamad Al	Mr. Abdulrahman Saad Al‐	Mr. Nasser Jaralla Saeed Jaralla Al
Mana	Shathri	Marri
Board Member	Board Member	Board Member

BOARD OF DIRECTORS CONTD…

6

Mr. Ibrahim Jassim Al Othman	H.E. Abdulla Hamad Al‐Attiyah	Mr. Hassan Abdulla Al‐Hammadi
President & CEO & Board	Board Member	Board Member
Member

KEY HIGHLIGHTS
7

• UDC announced its financial results for the year 2023, reporting a net profit of QR 401.7 million on revenues of QR 2.1 billion. The net profit attributable to the equity shareholders stood at QR 402 million and basic earnings per share amounting to QR 0.114.
• UDC, held its annual ordinary and extraordinary general assembly meeting on Sunday, March 31 at United School International School at The Pearl Island.
• UDC's Annual General Assembly approves 5.5% cash dividend distribution equivalent to QR 194.7 million;
• The Extraordinary General Assembly approved the amendment of Article (5) of the Company's Articles of Association, extending the Company's duration by another 25 Gregorian years.

4/23/2024 Annual Review	7

DEVELOPMENT KEY HIGHLIGHTS
8

• Gewan Island witnessed significant progress in the completion of development and infrastructure works as well as utility networks;
• Commercial spaces in Gewan Island have been handed over to tenants for the commencement of interior fit-out works;
• The developmental works at the Crystal Residence and Crystal Walkway are progressing significantly;
• Other project development components are being executed as planned.

4/23/2024 Annual Review	8

CORPORATE GOVERNANCE

9

As part of the compliance requirement of the Corporate Governance code for listed companies issued by Qatar Financial Markets Authority, UDC as a Qatari shareholding company listed on the Qatar Exchange is required to disclose the extent to which it complies with the provisions of the code. UDC applies a proper corporate governance framework and principles essential to assist the company in achieving its goals with a high-performance level in addition to improving its internal and external working environment, protecting stakeholders' interests and distributing roles and responsibilities in an ideal way.

UDC has a well-developed corporate governance system in place and continuously works on maintaining the highest standard and common practice.

BOARD OF DIRECTORS & BOARD COMMITTEES

The Board of Directors is responsible for the stewardship of the Company and for providing effective leadership and supervision of UDC's business, whilst owing value in a profitable and sustainable manner. The roles and responsibilities of the Board are defined in the Board Charter. The Board Charter has been published to the public through the Company's website. The Board's roles and responsibilities are compliant with the requirements of the Governance Code of QFMA.

Board Composition

The Board currently consists of nine members, i.e., 3 non-independent, 3 independent and 3 by appointment. The current term of the Board of Directors started on 09th March 2022 and continues for a period of three years.

Board Committees

Board Committees are established to assist the Board of Directors in conducting their duties. Each committee has developed "Terms of Reference" that define the committee's roles responsibilities in accordance with QFMA regulations and leading governance practices.

CONTROL, COMPLIANCE, RISK MANAGEMENT AND INTERNAL AUDIT

general objective of the internal control's procedures of UDC is to safeguard assets and capital and to ensure the reliability of UDC and its subsidiaries' financial recordkeeping. adopted a process of internal controls that allow Management to detect errors in procedures or financial recordkeeping. UDC's internal control framework includes, risk

internal audit which support in establishing a strong internal control framework.

SHARE INFORMATION

Closing Price (QAR) & Trading Vol. (Mn.)

Period	Traded Vol.	Traded Value	Open Price	High Price	Low Price	Closing Price
(Mn.)	(QAR Mn)	(QAR) *	(QAR) *	(QAR)*	(QAR)*
Jan'18 - Dec'18	924.61	1,401.90	1.44	1.77	1.36	1.48
Jan'19 - Dec'19	379.88	2,026.31	1.48	1.69	1.31	1.52
Jan'20 - Dec'20	3,795.71	5,472.68	1.52	1.99	0.82	1.66
Jan'21 - Dec'21	783.86	1,227.61	1.66	1.72	1.42	1.54

Currency

10

QAR

Jan'22 -Dec'22	607.63	932.20	1.58	1.78	1.26	1.30
Jan'23 -Dec'23	1,094.75	1,200.43	1.29	1.37	0.90	1.07
Jan'24 -Mar'24	671.14	712.09	1.06	1.15	0.99	1.15

* Share prices have been divided by 10 due to compulsory stock split by Qatar Exchange. UDC implemented stock split from 3rd July 19.

Ticker code

ISIN code

UDCD

@ Share volume has been multiplied by 10 due to compulsory stock split by Qatar Exchange.

	1.66				Closing Price (QAR)*
1.52	1.54	1.30	1.07

QA000A0KD6M9

Number of Shares

3,540,862,500

Jan'19 - Dec'19 Jan'20 - Dec'20 Jan'21 - Dec'21 Jan'22 -Dec'22 Jan'23 -Dec'23

* Share prices have been divided by 10 due to compulsory stock split by Qatar Exchange. UDC implemented stock split from 3rd July 19.

Historical performance shall not be relied on as a guide to future performance.