Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — Q3 2019 Earnings Presentation
31 slides from Dubai Investment (p.j.s.c)'s earnings presentation, 2019
Slide 1: Dubai Investments PJSC Q3 2019 Investor Presentation
Dubai Investments PJSC Q3 2019 Investor Presentation
Slide 2: Content
CONTENT Page 3 Dubai Investments Overview Page 13 9M 2019 Financial Highlights Page 20 Q3 2019 Financial Highlights Page 23 Outlook & Guidance Page 27 Portfolio Information Page 31 Disclaimer – Forward Looking Statements 2
Slide 3: Dubai Investments Overview
Dubai Investments Overview Dubai Investments
Slide 4: A Diversified Investment Company Listed on DFM
A Diversified Investment Company Listed on DFM - Market Cap. of c. AED 5.5 Bn1 Dubai Investments Overview – Total Assets of over AED 20.6 billion with over 16,700 shareholders A Glance at Dubai Investments Shareholders (September 2019) ESTABLISHMENT OWNERSHIP TYPE 11.5% Investment Corporation of Dub
Slide 5: Board of Directors - A Well Seasoned and Experienced Team
Board of Directors - A Well Seasoned and Experienced Team Chairman – Sohail Bin Fares Al Mazrui Managing Director & CEO – Khalid Jassim Bin Kalban Mr. Sohail Al Mazrui has wide experience in Petroleum Engineering and Mr. Khalid Bin Kalban has extensive experience in Manufacturing & Industrial sector
Slide 6: Diversified Portfolio of Assets Across Real Estate, Manufacturing and Services
Diversified Portfolio of Assets Across Real Estate, Manufacturing and Services Total Assets AED 20.6 BN 32% 6,705m As at 30th September 2019 Amounts in AED DUBAI INVESTMENTS 10% PARK DEV. COMPANY 2,039m 21% 4,410m 12.9 5.3 2.4 TREASURY PORTFOLIO billion billion billion & OTHER 25% 13% 62% 408m DUBAI
Slide 7: Property Segment – Development of Real Estate For Sales and Leasing
Property Segment – Development of Real Estate For Sales and Leasing Property Financial highlights (September, 2019) Dubai Investment Park ▪ A self-contained mixed-use industrial, commercial and Total Income (AED’000) residential complex. ▪ Total area of 2,300 hectares – 98% leased 1,594 ▪ Includes s
Slide 8: Manufacturing Segment – Manufacturing, District Cooling, Healthcare and Education
Manufacturing Segment – Manufacturing, District Cooling, Healthcare and Education Manufacturing, Contracting & Services Financial highlights (September, 2019) Emicool ▪ District cooling company that provides clean, efficient Total Income (AED’000) and innovative solutions to a number of communities
Slide 9: Financial Inv. Segment – Strategic Interests in Associates & Financial Investments
Financial Inv. Segment – Strategic Interests in Associates & Financial Investments Financial Investments Financial highlights (September, 2019) Al Mal Capital ▪ A diversified, multi-line investment company offering a Total Income (AED’000) wide range of investment products and services 255 encompass
Slide 10: 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 2019
Slide 11: Consistent Dividend Paying Company
Consistent Dividend Paying Company 2014 to date – DI share price vs. DFM Index Dividends (AED million) and Dividend declared 900 20.0% 140 750 6% 6% 15.0% 120 12.0% 12.0% 12.0% 10.0% 10.0% 600 10.0% 100 80 510 450 486 486 5.0% 458 60 300 0.0% 40 250 150 -5.0% 20 0 YM: Confirm if this is still requir
Slide 12: 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 to generate a steady
Slide 13: Management Summary – 9M 2019 Financial Highlights
Management Summary – 9M 2019 Financial Highlights
Slide 14: 9M 2019 – Financial Performance: Strong and profitable company
9M 2019 – Financial Performance: Strong and profitable company TOTAL INCOME EBITDA ATTRIBUTABLE NET EPS ROE* PROFIT 2,121.7 710.3 458.7 0.11 5.1% AED million AED million AED million AED per share TOTAL ASSETS CASH & CASH TOTAL DEBT TOTAL EQUIT Y TOTAL DEBT / TOTAL EQUIVALENTS** ATT. EQUIT Y* 20.6 c.
Slide 15: Key Messages – 9M 2019
Key Messages – 9M 2019 (Nine month period ended 30th September 2019) ▪ Total Income reached AED 2,121.7million for 9M 2019 as compared to AED 2,421.2 million for 9M 2018. Excluding the one- time gains from acquisitions and FV of Investment Properties, Total Income increased by 69.8 million mainly on
Slide 16: 9M 2019 KPIs: Resilient performance with strong growth in EBITDA
9M 2019 KPIs: Resilient performance with strong growth in EBITDA Income and Earnings (AED m) Consolidated Financials 9M 2019 9M 2018 y-o-y (%) Total income 2,121.7 2,421.2 -12.4% Total expenses* (1,757.0) (1,828.6) -3.9% Attributable profit 458.7 724.3 -36.7% EBITDA 710.3 879.9 -19.3% EPS (AED) 0.11
Slide 17: Evolution by Quarter: Rental Income Portfolio remains key contributor to Total Income
Evolution by Quarter: Rental Income Portfolio remains key contributor to Total Income Total Income and Rental Income (AED m) EBITDA (AED m) 927.2 489.3 841.3 215.2 652.8 705.9 724.5 691.3 235.8 249.1 225.4 237.9 217.4 288.7 363.0 712.0 605.5 213.2 222.5 199.1 403.7 210.7 480.5 486.7 473.9 177.4 160.
Slide 18: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED m) 140.7 45.7 2,421.2 2,121.7 (19.4) (67.7) (13.5) (1.3) (99.9) (217.4) (51.9) (14.7) 9M 2018 Sale of goods Rental income Contract revenue Sale of properties Gain on sale of Gain on fair Gain on FV of Gain on FV of Bargain Others* 9M 2019 i
Slide 19: Growth in assets and liabilities mainly due to acquisitions made by DI
Growth in assets and liabilities mainly due to acquisitions made by DI Total Assets (AED bn) Total Liabilities & Total Equity (AED bn) 19.4 19.6 20.1 20.6 20.6 19.4 19.6 20.1 20.6 20.6 19.2 19.0 19.2 19.0 2.1 2.2 2.4 2.9 4.3 5.1 5.1 5.3 5.0 5.6 6.6 6.7 7.2 7.0 4.4 4.6 4.6 4.3 3.5 3.5 3.4 13.9 14.1 1
Slide 20: Management Summary – Q3 2019 Financial Highlights
Management Summary – Q3 2019 Financial Highlights
Slide 21: Q3 2019 – Financial Performance: Strong and profitable company
Q3 2019 – Financial Performance: Strong and profitable company TOTAL INCOME EBITDA ATTRIBUTABLE NET EPS ROE* PROFIT 691.3 199.1 105.5 0.03 5.1% AED million AED million AED million AED per share AED per share TOTAL ASSETS CASH & CASH TOTAL DEBT TOTAL EQUIT Y TOTAL DEBT / TOTAL EQUIVALENTS** ATT. EQUI
Slide 22: Q3 2019 KPIs: Growth in core segments & cost efficiencies driving the increase in EBITDA
Q3 2019 KPIs: Growth in core segments & cost efficiencies driving the increase in EBITDA Income and Earnings (AED m) Consolidated Financials Q3 2019 Q3 2018 y-o-y (%) Total income 691.3 841.3 -17.8% Total expenses* -612.2 -664.1 -7.8% Attributable profit 105.5 233.3 -54.8% EBITDA 199.1 177.4 12.2% E
Slide 23: Outlook & Guidance
Outlook & Guidance Dubai Investments
Slide 24: 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 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: Recognitions and Awards
Recognitions and Awards Al Mal Capital PSC Emicool receives two named ‘UAE Asset Idea District Energy Manager of the Year’ at Awards marking 9th Mena Fund Manager consecutive year win Performance Awards Dubai Investments Emirates Float Glass won Real Estate Wins the Industrial Global Infrastructure
Slide 27: Portfolio Information – Flagship Assets
Portfolio Information – Flagship Assets
Slide 28: Dubai Investment Park - A "City within a City"
Dubai Investment 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% 9M 2019 INCOME COMMERCIAL 584 8% AED million Note: Figures are rounded to the nearest decimal 28
Slide 29: Emicool – The Leading District Cooling Provider
Emicool – The Leading District Cooling Provider Mirdif ESTABLISHED Dubai Culture Village Jumeirah Bay 2003 Rose Bay CUSTOMERS ~20,000 Dubai Motor City EMPLOYEES Dubai Sports City ~250 Dubai Investment Park ZONES DWTC ~8 Zones Note: Figures are rounded to the nearest decimal 29
Slide 30: Glass LLC – The Glass Pioneer in the Middle East
Glass LLC – The Glass Pioneer in the Middle East ESTABLISHED Subsidiaries 1998 FACILIT Y Key Projects (UAE & Global) ~60,000 Sqm. PRODUCTION ~1.4 Mn Dubai Airport T3 Fairmont Hotel Index Tower Al Ain Stadium Sqm .Annually (UAE) (UAE) (UAE) (UAE) EXPORTS ~20 Countries Nanyang Lyons Langham Palace Nov
Slide 31: 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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