United Development Co. · QSE:UDCD
United Development — H1 2020 Earnings Presentation
27 slides from United Development's earnings presentation, June 2020
Slide 1: United Development Company Financial Results 2020
UNITED DEVELOPMENT COMPANY Financial Results 2020 June 2020
Slide 2: Table of Contents
Table of Contents 03 Overview of the Company 04 – 06 Board Members 07 Key Highlights 08 Corporate Governance 09 Share Information 10 Dividend Payout 11 – 18 Financial Performance 19 Business Segments Overview 20 Major Operating Assets 21 Key Projects 22 – 26 Additional Information
Slide 3: Overview of United Development Company
Overview of United Development Company 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 o
Slide 4: Board of Directors
Board of Directors H.E. Mr. Turki bin Mohammed Al-Khater Chairman Mr. Abdulrahman Abdullah Al – Abdulghani Vice Chairman Mr. Ali Hussain Ibrahim Alfardan Board Member 4
Slide 5: Board of Directors Contd…
Board of Directors Contd… Mr. Abdulaziz Mohammed Hamad Al Mana Board Member Mr. Abdulrahman Saad Al-Shathri Board Member Mr. Nasser Jaralla Saeed Jaralla Al Marri Board Member 5
Slide 6: Board of Directors Contd…
Board of Directors Contd… H.E. Mr. Mubarak Ali Mubarak Al-Nuaimi Board Member H.E. Sheikh Faisal Bin Fahed Al Thani Board Member Mr. Ibrahim Jassim Al Othman President & CEO & Board Member 6
Slide 7: Key Highlights
Key Highlights 18th June 2020 UDC launches construction works in Gewan Island starting with Crystal Residence’s 15 mixed-use buildings and the climatized outdoor Crystal Walkway, the Island’s retail hub 14th June 2020 UDC awards QR 1.5 billion contracts for Gewan Island’s building & landscape and In
Slide 8: Corporate Governance
Corporate Governance 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
Slide 9: Share Information
Share Information Traded Vol. Traded Value Open Price High Price Low Price Closing Period Share Data: (Mn.) @ (QAR Mn) (QAR) * (QAR) * (QAR)* Price (QAR)* Jan'14 - Dec'14 3,168.19 7,995.57 2.24 3.08 1.97 2.36 Currency QAR Jan'15 - Dec'15 709.10 1,663.52 2.36 2.64 1.90 2.08 Jan'16 - Dec'16 572.48 1,1
Slide 10: Dividend Payout
Dividend Payout Cash Stock Private Year No. of Shares Dividend Cash Dividend Bonus Shares Right Issue Dividend % placement % 2004 50,000,000 - 2005 82,500,000 - 10% 5,000,000 27,500,000 2006 107,250,000 20.0% 214,500,000 30% 24,750,000 2007 107,250,000 25.0% 268,125,000 2008 107,250,000 35.0% 375,37
Slide 11: Financial Performance
Financial Performance 11
Slide 12: Key Highlights
Key Highlights QAR Millions Key Figures 1H 2016 1H 2017 1H 2018 1H 2019 1H 2020 Revenue 811 1,074 889 912 563 Net Profit 353 318 279 238 101 Net Finance Cost (44) (62) (69) (60) (27) EBITDA 450 447 419 375 216 Total assets 18,661 18,403 18,250 18,113 18,445 Shareholders' equity 10,987 11,159 10,937
Slide 13: Financial Results
Financial Results Revenue for 1H (QAR Mn) 1,200 1,074 1,000 889 912 811 800 563 600 400 • The revenue from operating activities 200 for 1H 2020 decreased by approx. 38% to QAR 563 Mn, as compared to 1H 0 1H 2016 1H 2017 1H 2018 1H 2019 1H 2020 2019. • Net Profit for 1H 2020 has declined by approx. 5
Slide 14: Financial Results
Financial Results 1H EBITDA & Margin (QAR Mn) 800 60% 56% 47% 50% 41% 600 38% 42% 40% 400 30% 20% 450 447 419 200 375 • EBITDA for 1H 2020 declined by 10% 216 approx. 42% to QAR 216 Mn as compared to 1H 2019. 0 0% 1H 2016 1H 2017 1H 2018 1H 2019 1H 2020 • 1H 2020 EPS declined to QAR 0.025 per share
Slide 15: Financial Results: Financial Position
Financial Results Financial Position • The net debt for 1H 2020 has 20,000 decreased by approx. 4% to QAR 18,000 16,000 11,164 11,159 11,030 10,987 10,937 3,485 Mn as compared to 1H 14,000 2019; 12,000 7,674 7,313 7,281 7,244 7,083 18,661 18,403 18,445 18,250 18,113 10,000 8,000 • The Debt Equity Ra
Slide 16: Consolidated Debt Maturity Profile
Financial Results 2,500 2,019 2,000 1,466 Consolidated Debt Maturity 1,500 Profile 1,000 The debt for 1H 2020 amounts to QAR 3,485 Mn (Net of unamortised cost). 500 - Current - Interest bearing Loans & Borrowings Non - Current - Interest Bearing Loans & Borrowings Past performance shall not be relie
Slide 17: Segmental Financial Results
Segmental Financial Results Urban Development Infrastructure & Utilities 700 640 188 200 179 600 500 150 400 318 300 100 191 200 50 35 30 100 50 - - 1H 2019 1H 2020 1H 2019 1H 2020 Revenue Profit Revenue Profit Hospitality & Leisure Others 14 15 100 85 9 10 80 66 5 60 - 40 20 16 (5) 20 (4) (5) (10)
Slide 18: Segmental Financial Results
Segmental Financial Results Revenue Breakdown (QAR Mn) % of Revenue Breakdown 640 700 600 12% 500 318 400 300 188 179 32% 56% 200 85 66 100 14 9 - 1H 2019 1H 2020 2% Urban Development Hospitality & Leisure Urban Development Hospitality & Leisure Infrastructure & Utilities Others Infrastructure & Uti
Slide 19: Business Segments Overview
Business Segments Overview UDC business segment is driven by existing and ongoing real estate developments. Currently United Development Company (UDC) has different projects lined up which would ensure to maintain profitability targets and profit growth going forward. UDC’s main business strategy is
Slide 20: Major Operating Assets
Major Operating Assets Porto Arabia Retail & Residential Operations: The entire Porto Arabia district forms a single, mixed-use property development comprising residential apartments and townhouses, ample retail space, private marinas and ample parking. Income is generated from leasing of the variou
Slide 21: Key Projects
Key Projects Project Investment Value Gewan Island QR 2.9 Bill UDC currently has an investment of approximately QAR 5.5 Bn in Giardino Mall QR 140 Mill pipeline. Giardino Village – United School International QR 350 Mill The table gives an insight of the major ongoing developments: Giardino Village
Slide 22: Additional Information
Additional Information 22
Slide 23: Major Subsidiary – Qatar Cool
Major Subsidiary – Qatar Cool ➢ Qatar District Cooling Company (Qatar Cool) founding shareholders are the United Development Company PSC (UDC) and its subsidiaries (51%) and the National District Cooling Company (Tabreed) of the United Arab Emirates and its subsidiaries (44%) and other local promine
Slide 24: Major Subsidiary – Madinainova
Major Subsidiary – Madinainova ➢ Madinainova is as a single hub to attend to the needs of property owners and residents of The Pearl-Qatar and ensure that a superior quality lifestyle is delivered and experienced in terms of community management, facilities management and real estate registry servic
Slide 25: Major Subsidiary – Ronautica Middle East (RME)
Major Subsidiary – Ronautica Middle East (RME) ➢ Ronautica Middle East (RME) is well known in the region for providing dependable marina management and nautical services. ➢ In addition to developing and operating The Pearl- Qatar’s marina infrastructure, Ronautica expanded its water shuttle services
Slide 26: Major Subsidiary – Hospitality Development Company
Major Subsidiary – Hospitality Development Company ➢ Hospitality Development Company is specialized in owning, developing & operating hospitality projects. ➢ HDC have managed to transform the Island into one of the most exclusive hospitality destinations in the region. Over the past 10 years, the co
Slide 27: Thank You
THANK YOU ' iT |
United Development Company — H1 2020 Earnings Presentation on 6ix