Al Meera Consumer Goods Q P S C : Q4 2020 IR Presentation

Financial Results for the year ended 31 December 2020

IR Presentation 01 March 2021

GROUP FINANCIAL HIGHLIGHTS - FOR YEAR ENDED 31 DECEMBER 2020

A. COVID-19 IMPACT

• • Al Meera's financial results for the year ended 31 December 2020 have been positively impacted by COVID-19 related activities.

• B. SALES

  • • Group sales for the year 2020 was QAR 3.4b, an increase of QAR 422.6m or 14.2%, compared to 2019.

• C. GROSS PROFIT

  • • Gross profit amounted to QAR 592.1m, an increase of QAR 73.5m or 14.2%, at gross profit margin of 17.4%, which is the same as 2019 margin.

• D. RENT INCOME

  • • Rental income amounted to QAR 65.1m, a decrease of QAR 9.7m or 12.9% decline, compared to 2019.

  • • Al Meera provided a 1 to 4 month free rent plus rescheduling of rent payments to its retail tenants, which reduced the rental income by QAR 10.6m.

• D. GENERAL AND ADMINISTRATIVE EXPENSES

  Group's general and administrative expenses amounted to QAR 331.0m, an increase of QAR 37.2m or 12.7%, mainly due to the following:

  • • Increase in staff cost as a result of new stores and COVID-19 related staff cost.

  • • Increase in safety measures, cleaning, sanitation costs, etc. and COVID-19 related Corporate Social Responsibility (CSR) expenses.

• E. NET PROFIT ATTRIBUTABLE TO AL MEERA SHAREHOLDERS

  Net profit attributable to Al Meera shareholders amounted to QAR 209.0m, an increase of QAR 22.5m or 12.1%,compared to 2019.

Al Meera Group's Transformation 2012

2020

Al Meera - projects, new developments and renovation plans - 31 December 2020

The Group has 57 stores operating throughout the State of Qatar, and 6 stores in the Sultanate of Oman with consolidated net selling area of more than 100,000 sqm.

Project updates:

• • Fit-out work of Al Meera's leased store in Al Asmakh Mall (also known as Centrepoint Asmakh Mall) is now completed. This new store is expected to open mid-March 2021 after obtaining all necessary approvals. The store, which is in Al Saad Area, Doha, is approximately 1,200 square meter and is fitted out with Al Meera's latest design concept. This new store will have areas dedicated for fresh produce.

• • The fit-out work in both Al Sailiya and Al Wakra Central Markets are in progress. Al Meera store in each Central Market is approximately 1,200 square meter and will operate as Cash and Carry Store. The fit-out in Al Sailiya and Al Wakra Central Markets is expected to complete by first week of March 2021 and first week of April 2021, respectively. Al Meera store in Sailiya Central Market is anticipated to open end of March 2021, while the store in Al Wakra Central Market in the later part of 2021.

• • The construction of Al Meera's new store and mall in Jeryan Jenaihat is completed. This mall and store will be operational by mid-March 2021.

• • Al Meera opened its third "MAAR" convenience store at Umm Ghwuailina metro station in September 2020.

New development and renovation plan updates:

• • Al Meera have started preliminary construction preparatory work on three sites located outside of Doha. These new stores are being built at the request of the local communities who do not have easy access to a properly managed community supermarket that can cater to their daily grocery needs. In additional to these three sites, Al Meera have another five sites, three are in Doha and two are outside of Doha, where detailed design work is in progress. These five new developments will each house a typical Al Meera Mall and Store and will be larger in size, compared to the three other stores outside of Doha.

• • There are plans to carry out eight major and four minor renovation works on 12 older stores during 2021 to bring them to the same high standard of look and feel as the new stores so that our customers living in these catchment areas can enjoy the same kind of shopping experience as those who

have easy access to our newer malls and stores.