Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — H1 2019 Earnings Presentation
38 slides from Dubai Investment (p.j.s.c)'s earnings presentation, 2019
Slide 1: Dubai Investments PJSC 1H 2019 Investor Presentation
Dubai Investments PJSC 1H 2019 Investor Presentation
Slide 2: Content
Content Page 9 1H 2019 Financial Highlights Page 18 Q2 2019 Financial Highlights Page 22 Outlook & Guidance Page 26 Portfolio Information Page 38 Disclaimer – Forward Looking Statements 2
Slide 3: A Diversified Investment Company Listed on DFM
A Diversified Investment Company Listed on DFM - Market Cap. of c. AED 5.4 Bn1 Dubai Investments Overview – Total Assets of over AED 20.6 billion with over 16,700 shareholders A Glance at Dubai Investments Shareholders (June 2019) ESTABLISHMENT OWNERSHIP TYPE 11.5% Investment Corporation of Dubai In
Slide 4: Board of Directors
Board of Directors Chairman – Sohail Bin Fares Al Mazrui Mr. Sohail Al Mazrui has wide experience in Petroleum Engineering and executive experience in the Oil Industry. He is the former CEO of Abu Dhabi National Oil Company (ADNOC) as well as the former CEO and Chairman of Managing Director & CEO –
Slide 5: 22 Years of Building Businesses and Creating Shareholder Value
22 Years of Building Businesses and Creating Shareholder Value Long-term investment approach in building underlying value of investees – provide the necessary strategic direction along with growth capital; Exit businesses which have matured - enhance shareholder value through the capital gains Globa
Slide 6: Diversified Portfolio of Assets, with a Focus on Real Estate
Diversified Portfolio of Assets, with a Focus on Real Estate Total Assets AED 20.6 BN 32% 6,700m As at 30th June 2019 Amounts in AED DUBAI INVESTMENTS 11% PARK DEV. COMPANY 2,195m 21% 4,304m 12.8 5.2 2.6 TREASURY PORTFOLIO billion billion billion & OTHER 25% 13% 62% 436m DUBAI INVESTMENTS REAL ESTAT
Slide 7: Flagship asset: Dubai Investments Park - a City within a City
Flagship asset: Dubai Investments Park - a “City within a City” TOTAL AREA NET LEASE AREA 23 17 million m2 million m2 LEASED PLOTS INDUSTRIAL ~1,100 60% LEASED RESIDENTIAL 98% 32% 1H 2019 COMMERCIAL INCOME * 395 8% AED million *Not including fair valuation gain 7
Slide 8: Management Strategy: Generate Sustainable Cash Flows to Maximize Shareholder Returns
Management Strategy: Generate Sustainable Cash Flows to Maximize Shareholder Returns Investment in a broad range of industrial companies - greenfield to mature businesses Investment in healthcare and education sector funds Diversification Real estate & investment portfolio designed to perform
Slide 9: 1H 2019 Financial Highlights
1H 2019 Financial Highlights
Slide 10: Key Messages – 1H 2019
Key Messages – 1H 2019 Total Income reached AED 1,430.5 million in 1H 2019 as compared to AED 1,579.9 million in 1H 2018. Excluding the overall gains from merger and acquisitions, Total Income increased by 119.8 million in 1H 2019 backed by improved market conditions which lead to better performan
Slide 11: 1H 2019 – Financial Performance: Strong and profitable company
1H 2019 – Financial Performance: Strong and profitable company TOTAL INCOME TOTAL EXPENSES * EBITDA ATTRIBUTABLE EPS NET PROFIT 1,430.5 (1,061.2) 511.2 353.2 0.08 AED million AED million AED million AED million AED per share TOTAL ASSETS CASH TOTAL LIABILITES DEBT / EQUITY # ROE** 20.6 c.1.0 8.6 53.
Slide 12: 1H 2019 – Key Performance Indicators
1H 2019 – Key Performance Indicators: Resilient performance with strong growth in EBITDA Income and earnings (AED m) 1H 2019 1H 2018 y-o-y (%) Total Income 1,430.4 1,579.9 -9.5% Total expenses* -1,144.8 -1,164.5 -1.7% Profit Attributable to Shareholders 334.2 468.3 -28.6% EBITDA 511.2 328.7 55.5% EP
Slide 13: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED m) 52.3 ( 217.4 ) ( 1.0 ) 112.6 ( 15.1 ) 14.1 43.6 ( 71.7 ) ( 51.9 ) ( 15.0 ) 1,579.9 1,430.4 1H 2018 Sale of goods Rental income Contract Gain on fair Gain on sale of Gain on sale of Fair valuation Gain on fair Bargain Others 1H 2019 reven
Slide 14: Evolution by Quarter: Continuous growth on Rental Income
Evolution by Quarter: Continuous growth on Rental Income Total Income (AED m) Continuous growth 927.2 Steady growth in Total Income in Q2 2019 (as compared to Q1 841.3 705.9 724.5 2019), on account of acquisition of GlobalPharma and fair 652.8 596.6 valuation of investment properties. Rental Inc
Slide 15: Rental income from DIP continues to remain robust
Rental income from DIP continues to remain robust Rental income (AED m) 249.1 230.0 235.0 232.1 235.8 237.9 220.4 224.0 219.6 226.6 225.4 217.0 215.2 207.0 214.2 198.0 205.0 190.0 195.0 196.0 191.0 190.0 183.0 179.9 186.0 186.2 181.5 172.0 15.7% 4.8% 6.0% 4.9% 5.5% 1.6% (0.5%) (4.2%) (2.0%) (3.9%) (
Slide 16: Growth in assets and liabilities mainly due consolidation of acquisitions
Growth in assets and liabilities mainly due consolidation of acquisitions made by DI Total Assets (AED bn) Total Liabilities & Total Equity (AED bn) 25.0 25.0 20.1 20.6 19.2 19.4 19.6 20.1 20.6 19.2 19.0 19.4 19.6 19.0 20.0 17.0 20.0 17.0 2.1 2.2 2.4 2.9 4.3 5.1 5.3 5.0 5.6 5.1 6.7 7.2 15.0 2.1 4.4
Slide 17: Balance Sheet Development: 6% growth since 31st December 2018
Balance Sheet Development: 6% growth since 31st December 2018 Total Assets (AED mn) 125 (86) (152) 120 (33) 300 42 151 (41) 170 291 206 19,554 20,645 Non-current Assets Current Assets *Others include trade receivables, due from related parties, and other receivables 17
Slide 18: Q2 2019 Financial Highlights
Q2 2019 Financial Highlights
Slide 19: Q2 2019 – Financial Performance: Strong and profitable company
Q2 2019 – Financial Performance: Strong and profitable company TOTAL INCOME TOTAL EXPENSES * EBITDA ATTRIBUTABLE EPS NET PROFIT 724.5 (606.5) 222.5 151.2 0.04 AED million AED million AED million AED million AED per share TOTAL ASSETS CASH TOTAL LIABILITES DEBT / EQUITY # ROE** 20.6 c.1.0 8.6 53.4% 5
Slide 20: Q2 2019 – Key Performance Indicators
Q2 2019 – Key Performance Indicators Income and earnings (AED m) Q2 2019 Q2 2018 y-o-y (%) Total Income 724.5 652.8 11.0% Total expenses* -606.5 -573.8 5.7% Profit Attributable to Shareholders 151.2 129.1 17.1% EBITDA 222.5 189.8 17.2% EPS (AED) 0.04 0.03 33.3% # ROE % 5.9% 8.0% -26.7% # ROA % 3.42%
Slide 21: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED m) 52.3 8.6 ( 26.3 ) 44.0 ( 11.2 ) ( 51.1 ) 14.1 32.7 8.6 652.8 724.5 Jun-18 Sale of goods Rental income Contract Gain on fair Gain on sale of Gain on sale of Fair valuation of Bargain Others* Jun-19 revenue valuation of investments investm
Slide 22: Outlook & Guidance
Outlook & Guidance Dubai Investments
Slide 23: Outlook and Guidance for FY 2019
Outlook and Guidance for FY 2019 Continue to generate steady income, backed by recurring cash flow & rental income streams with growth in net profitability Total Income & Net Focus on monetizing available land bank to perform through the market cycles and enhance revenues and profitability Profi
Slide 24: Recognitions and Awards
Recognitions and Awards Al Mal Capital PSC Dubai Investments named ‘UAE Asset Real Estate Wins Manager of the Year’ at Global Infrastructure Mena Fund Manager Congress Recognition Performance Awards Award Emirates Float Glass won TechSource won award the Industrial for Top 10 Best IT Development Bur
Slide 25: Investor Relations Contact
Investor Relations Contact Mushtaq Masood Maher Rabah Group Chief Financial Officer Investor Relations Dubai Investments PJSC Dubai Investments PJSC PO Box 28171 PO Box 28171 Dubai, UAE Dubai, UAE Phone +971 4 8122 400 Phone +971 4 8122 400 Email mushtaq@dubaiinvestments.com Email maher@dubaiinvestm
Slide 26: Portfolio Information
Portfolio Information Dubai Investments
Slide 27: Dubai Investments Park – Industrial and Commercial
Dubai Investments Park – Industrial and Commercial Business Overview Dubai Investments Park (DIP) is a self-contained mixed-use industrial, commercial and residential complex. Spread over a total area of 2,300 hectares, DIP is based on a pioneering concept of creating a “city within a city”. Include
Slide 28: Dubai Investments Park - Residential
Dubai Investments Park - Residential Business Overview DIP residential areas offer a variety of options from high-end residential living to staff accommodation. This comprises across several communities: • The Green Community - villas, townhouses, apartments • Ritaj - apartments • Dunes Village - ap
Slide 29: Properties Investment
Properties Investment Business Overview Properties Investments is involved in investment in, and development of, real estate properties and has developed prestigious residential and recreational projects such as the Green Community and Courtyard Marriott in DIP. Properties Investments was formed in
Slide 30: Dubai Investments Real Estate Company - Ritaj
Dubai Investments Real Estate Company - Ritaj Ritaj residential community Location: Dubai Investments Park Size: 2.58 million square feet Objects: 11 residential blocks 1,343 studio apartments 447 one bedroom apartments 194 two bedroom apartments 40 three bedroom apartments The low rise community al
Slide 31: Dubai Investments Real Estate Company – Mirdif Hills
Dubai Investments Real Estate Company – Mirdif Hills Mirdif Hills is a 3.9 million sqft mixed-use residential, commercial, hotel and retail project under development Development Overview • Mushrif Park, Mirdif, Dubai • Freehold plot 949,999 sqft • 993 residential apartments and 66 serviced apartment
Slide 32: Al Taif Investment
Al Taif Investment Business Overview Currently working to develop an AED 460 million mixed-use commercial and residential project in Fujairah. Partnership between Dubai Investments and Government of Fujairah. Business Overview 60% Dubai Investments 40% Government of Fujairah 32
Slide 33: Masharie
Masharie Business Overview Investments in medium and large-sized companies operating in construction materials, contracting, interior design and related activities. During 2012, Masharie divested 5 entities operating in Aluminum sheet Aluminum extrusions for Aluminum design, production construction
Slide 34: Dubai Investments Industries
Dubai Investments Industries Business Overview DII is the greenfield investment arm of Dubai Investments across diversified industry sectors: Steel structure Overhead lifting solutions Polystyrene insulation manufacturing and maintenance board materials • Acquired 26.75% stake in King’s College Hosp
Slide 35: Glass LLC
Glass LLC Business Overview Premium quality glass solutions from float glass manufacturing of high end architectural glass and float laminated glass. Five subsidiaries: Emirates Float Glass UAE’s largest float glass facility with capacity of 600t of glass per day Emirates Glass Architectural glass S
Slide 36: Emicool
Emicool Business Overview Emicool is a B2B and B2C district cooling company that provides clean, efficient and innovative solutions to a number of communities in the UAE. Established in 2003 as joint venture between Dubai Investments and Union Properties (50%:50%). Acquired additional 50% controlled
Slide 37: Al Mal Capital
Al Mal Capital Business Overview Al Mal Capital, founded in 2005, is a diversified, multi- line investment banking firm headquartered in Dubai. Licensed and regulated by the UAE Central Bank, Al Mal Capital offers a wide range of investment products spread across its business lines of investment ban
Slide 38: Disclaimer – Forward Looking Statements
Disclaimer – Forward Looking Statements This presentation has been prepared solely for informational purposes. The presentation may contain forward looking statements, which reflect our beliefs or current expectations and assumptions regarding the future of the business, future plans and strategies,
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