Dubai Financial Market (DFM) - PJSC · DFM:DFM
Dubai Financial Market (DFM) - PJSC — Dubai Financial Market PJSC — H1 2023 Earnings Presentation
26 slides from Dubai Financial Market (DFM) - PJSC's earnings presentation, Oct 23, 2023
Slide 1: H1 2023 Investor Presentation
H1 2023 Investor Presentation dfm.ae 1 dfm.ae
Slide 2: Disclaimer
Disclaimer This Investor Presentation has been prepared by Dubai Financial Market PJSC (“DFM” or the “Company”) for investors, solely for informational purposes. The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company and does
Slide 3: Economic Highlights
H1 2023 Investor Presentation Economic Highlights • GCC economies continuing to grow in non-oil sectors against a backdrop of higher borrowing costs, weaker global growth and lower oil prices according to regional PMI data for June. • The S&P Global UAE headline PMI rose to 56.9 in June from 55.5 in
Slide 4: UAE holds strong amidst global turmoil with continued positive momentum
H1 2023 Investor Presentation UAE holds strong amidst global turmoil with continued positive momentum Real GDP Growth (%) - 2022 UAE Population Growth (in millions) – supported by social reforms expats out of total population 2022 7.6 6.8 10.1 9.89 9.99 9.26 9.36 9.48 9.54 9.68 8.54 5 3.6 3.4 3.4 3.
Slide 5: Near-term economic growth supported by rebound in domestic activity
H1 2023 Investor Presentation Near-term economic growth supported by rebound in domestic activity Dubai’s Economy Total FDI Flows into Dubai 1600 50 47 • Dubai’s GDP grew 4.6% year-on-year to AED 307.5bn during the first nine months of 2022 40 1200 compared with the same period last year. 26.07 30 •
Slide 6: Dubai growth driven by a well diversified economy and strong trade activity
H1 2023 Investor Presentation Dubai growth driven by a well diversified economy and strong trade activity Tourism & Hospitality Dubai Average Occupancy (%) out of Total Available Rooms • Dubai received 14.36 million international visitors in 2022, 30% of which visited in 75% 67% 73%% Q4. 2022 record
Slide 7: Sector representation of Dubai’s GDP vs DFM
H1 2023 Investor Presentation Sector representation of Dubai’s GDP vs DFM DFM IPOs pipeline aims to reflect Dubai’s GDP Mix DFM Sector Breakdown by Market Cap – Q3 2022 Services, 1.8% • Unlike the economy, the DFM market is dominated by the Financial, Real Estate and Industrials, 1.3% Consumer Stapl
Slide 8: DFM key highlights
H1 2023 Investor Presentation H1 2023 DFM key highlights Performance 652bn AED +14 % 46bn AED Total market capitalization Increase in DFMGI Total traded value 25,699 1mn+ 57% New Investors Total DFM investor base Institutional investors trading share Investors 74% 20% 48% Of new investors are foreig
Slide 9: DFM at a glance
H1 2023 Investor Presentation DFM at a glance Market Structure • In 2007, became the 1st regional exchange to be publicly listed. 2 Exchanges 1 Capital Market Combined Liquidity Pool • Established in 2000 as a government owned exchange and the first Shari’a-compliant exchange globally providing prim
Slide 10: Our strategic priorities
H1 2023 Investor Presentation Our strategic priorities Listings Enhance market accessibility & product diversification • Leveraging the exchanges flexible and • Increase the number of members diversified listing options. providing fintech solutions, General Clearing Members and Market Makers as • Di
Slide 11: The destination to tap into Dubai’s Capital Market
H1 2023 Investor Presentation The destination to tap into Dubai’s Capital Market Listing Options Asset Classes Any type of company. From anywhere in the world. We offer a myriad of solutions to list and raise capital. Based in a Access to a secure, liquid and transparent market. with access to a poo
Slide 12: Attracting investors through index representation
H1 2023 Investor Presentation Attracting investors through index representation Index Inclusion All major index providers cover stocks listed on DFM in their relevant local, regional and international indices. Inclusion into additional indices can provide a number of benefits for issuers: • MSCI UAE
Slide 13: Paving the path to ESG practices and their role in the capital markets
H1 2023 Investor Presentation Paving the path to ESG practices and their role in the capital markets COP 28 SDGs Global 2022 Ranking The 2023 UN Climate Change Conference will convene from 30 November to 12 Jordan 80 December 2023 in Dubai, at Expo City. The first Global Stock take of the implementa
Slide 14: Record IPO activity & growing pipeline
H1 2023 Investor Presentation Record IPO activity & growing pipeline 2022 Key Highlights H1 2023 Listings Al Ansari Financial Services completed its AED 31 billion AED 670 billion 18x – 49x IPO successfully in March 2023 and listed Capital Raised Demand Received Oversubscription Range on 6 April 202
Slide 15: Bringing together regional & international investors
H1 2023 Investor Presentation Bringing together regional & international investors H1 2023 Key Highlights Institutional Investors’ Trading Share (%) Institutional Ownership (% of Market Cap) + 25,699 74% 1+ million 57% 87% 70% New investors New investors are foreign Total investor base 24% Trading V
Slide 16: DFM market summary
H1 2023 Investor Presentation H1 2023 DFM market summary Market Capitalization (AED bn) Market Total Traded Value (AED bn) 90 652 582 72 66 60 411 53 375 46 344 340 2018 2019 2020 2021 2022 H1 2023 2018 2019 2020 2021 2022 H1 2023 Market ADTV (AED mn) Market Velocity (%) 375 357 291 261 41% 238 38%
Slide 17: DFM’s sustainability strategy pillars
H1 2023 Investor Presentation DFM’s sustainability strategy pillars 01 02 03 Governance Excellence Sustainable Capital Market Positive Social & Environmental Impact • Corporate governance • ESG disclosure • Talent attraction, development, and retention • Stakeholder engagement • Attract new listings
Slide 18: Sustainable capital market
H1 2023 Investor Presentation Sustainable capital market S&P/Hawkamah UAE ESG Index ESG Index 1,800 • The S&P/Hawkamah UAE ESG Index launched in 2020. Comprised of 20 listed companies on the UAE exchanges and subject to annual assessment incorporating ESG criteria against which the company’s disclos
Slide 19: DFM PJSC shareholding & dividends
H1 2023 Investor Presentation DFM PJSC shareholding & dividends Dividend Policy Dividends Payout History (AED millions) *RE stands for Retained Earnings. 1 Calculated as dividend (paid following year) divided by the net profit of the year. • DFM PJSC adopted a new fixed dividend policy, stipulating
Slide 20: DFM PJSC stock trading activity
H1 2023 Investor Presentation DFM PJSC stock trading activity DFM PJSC Trading Activity DFM PJSC Closing Price Against DFMGI 32.4 1.70 DFM DFMGI 4,000 26 Average Daily Traded Volume 1.5 (mn) 1.51 3,500 Average Daily Traded Value 18.5 1.30 (AED mn) 3,000 12.1 13 9 0.90 0.97 6.3 0.93 0.84 2,500 5 0.8
Slide 21: Q2 2023 Key Performance Highlights
H1 2023 Investor Presentation Q2 2023 Key Performance Highlights • 84% upsurge in H1 2023 net profit to AED 112.2 million. • Revenue increased by 32% year-on-year to AED 218.1 million in the first half of 2023, from AED 165.4 million last year. • Total expenses reached AED 105.9 million compared to
Slide 22: Financial Highlights
H1 2023 Investor Presentation Financial Highlights Total Revenue (AED mn) EBITDA (AED mn) and EBITDA Margin (%) 351.8 354.6 64% 61% 63% 62% 69% 298.1 225.7 223.2 181.7 218.1 150.6 165.4 101.8 FY 2020 FY 2021 FY 2022 H1 2022 H1 2023 FY 2020 FY 2021 FY 2022 H1 2022 H1 2023 Total Revenue Mix (%) Net Pr
Slide 23: Financial Highlights
H1 2023 Investor Presentation Financial Highlights Operating Expense Breakdown (%) (AED mn) 198.9 207.1 105.7 1% 1% 6% 6% 6% 11% 10% 12% 10% 13% 15% Interest Expense Maintenance 28% 27% 27% Depreciation General & Administrative Expenses Amortization of Intangible Assets 42% 42% 43% Payroll & Other B
Slide 24: Financial Highlights
H1 2023 Investor Presentation Financial Highlights Selected Balance sheet items (AED mn) Main Financial Assets (AED mn) Main Financial Assets Breakdown (%) Managed Funds, 2% H1 2023 Investment in FY 2022 H1 2023 Equity Securities, 14% Cash and Cash Equivalents 244 Investment Deposits 2,517 3,017 Inv
Slide 25: Consolidated P&L
H1 2023 Investor Presentation Consolidated P&L For the six months ended (AED’000) 30 Jun 2022 30 Jun 2023 Income Trading commission fees 94,404 89,983 Brokerage fees 6,828 6,202 Clearing settlement and depositary fees 13,136 20,515 Listing and market data fees 4,884 5,905 Other fees 3,494 7,596 Oper
Slide 26: Contact Us
CONTACT US Investor Relations T: +971 4 305 5447 Email: ir@dfm.ae @dfmalerts @dubaifinancialmarket www.dfm.ae Dubai Financial Market Access our latest sustainability report and ESG disclosure guide dfm.ae
Dubai Financial Market PJSC — H1 2023 Earnings Presentation on 6ix