Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — Q1 2019 Earnings Presentation
37 slides from Dubai Investment (p.j.s.c)'s earnings presentation, May 19, 2019
Slide 1: Dubai Investments PJSC Q1 2019 Investor Presentation
Dubai D Investments Dubai Investments PJSC Q1 2019 Investor Presentation
Slide 2: Content
Content Page 3 Management Summary Page 11 Q1 2019 Financial Highlights Page 21 Outlook & Guidance Page 25 Portfolio Information Page 37 Disclaimer – Forward Looking Statements 2
Slide 3: Management Summary
Management Summary Dubai Investments
Slide 4: A Diversified Investment Company Listed on DFM
A Diversified Investment Company Listed on DFM - Market Cap. of c. AED 6.4 Bn1 Dubai Investments Overview – Total Assets of over AED 20.1 billion with over 16,700 shareholders A Glance at Dubai Investments Shareholders (March 2019) ESTABLISHMENT OWNERSHIP TYPE 11.5% Investment Corporation of Dubai I
Slide 5: 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 6: 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 7: Significantly Outperformed the DFM Real Estate Index
Significantly Outperformed the DFM Real Estate Index Exchange Dubai Financial Market DI has been enhancing shareholder returns Symbol DFM:DIC ISIN AED000601016 500 Sector Investments & Financial Services Acquisition of 59.66% Issued capital AED 4,252,019,585 450 Acquisition of Stake in Al Mal Emirat
Slide 8: Diversified Portfolio of Assets, with a Focus on Real Estate
Diversified Portfolio of Assets, with a Focus on Real Estate Total Assets AED 20.1 BN 32.5% 6,532m As at 31st March 2019 Amounts in AED DUBAI INVESTMENTS 9.8% PARK DEV. COMPANY 1,975m 21.1% 4,244m 12.5 5.2 2.4 TREASURY PORTFOLIO billion billion billion & OTHER 23.8% 14.0% 62.1% 430m DUBAI INVESTMENT
Slide 9: 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% Q1 2019 INCOME COMMERCIAL 190 8% AED million Note: Figures are rounded to the nearest decimal 9
Slide 10: 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 11: Q1 2019 - Financial Highlights
Q1 2019 - Financial Highlights
Slide 12: Key Messages – Q1 2019
Key Messages – Q1 2019 (Three month period ended 31st March 2019) Total Income for Q1 2019 amounted to AED 705.9 million as compared to AED 927.2 million in Q1 2018. Included in total income are gains of AED 333 million in Q1 2018 and AED 55 million in Q1 2019 related to M&A transactions The Gro
Slide 13: Q1 2019 – Financial Performance: Strong and profitable company
Q1 2019 – Financial Performance: Strong and profitable company TOTAL INCOME TOTAL EXPENSES * EBITDA ATTRIBUTABLE EPS NET PROFIT 705.9 (538.4) 288.6 202.0 0.05 AED million AED million AED million AED million AED per share TOTAL ASSETS CASH TOTAL LIABILITES DEBT / EQUITY # ROE** 20.1 0.8 7.8 46.0% 6.8
Slide 14: Q1 2019 – Key Performance Indicators
Q1 2019– Key Performance Indicators: Decline in revenues impacting overall profitability margins/ratios Income and earnings (AED m) Q1 2019 Q1 2018 y-o-y (%) Total income 705.9 927.2 (23.9%) Total expenses* (538.3) (590.7) (8.9%) Profit for the period 196.1 357.9 (45.2%) Attributable profit 202.0 36
Slide 15: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED m) 79.9 10.2 (23.7) (0.4) (20.6) (217.4) 11.3 (60.6) 927.2 705.9 Mar-18 Sale of goods Rental income Contract revenue Fair valuation of (Loss)/gain on sale Gain on fair valuation Bargain Purchase Others* Mar-19 investments of investments upo
Slide 16: Evolution by Quarter: Rental Income Portfolio remains key contributor
Evolution by Quarter: Rental Income Portfolio remains key contributor Total Income (AED m) Resilient Performance 927.2 Healthy growth in Total Income by 18.3% from Q4 2018. The decline 841.3 697.2 749.2 751.6 705.9 on an annual basis from Q1 2018 to Q1 2019 is mainly due to 586.3 652.8 596.6 reaso
Slide 17: Rental income from DIP continues to remain robust
Rental income from DIP continues to remain robust Rental income (AED m) 249.1 230.0 235.0 232.1 235.8 220.4 224.0 219.6 226.6 225.4 217.0 215.2 207.0 214.2 190.0 195.0 196.0 198.0 191.0 190.0 183.0 179.9 186.0 186.2 181.5 172.0 15.7% 4.8% 6.0% 4.9% 1.6% (0.5%) (4.2%) (2.0%) (3.9%) (1.2%) (5.4%) (5.3
Slide 18: 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 & Equity (AED bn) 19.2 19.0 19.4 19.6 20.1 19.2 19.0 19.4 19.6 20.1 16.8 16.4 16.7 17.0 16.8 16.4 16.7 17.0 2.1 2.4 2.9 5.1 2.2 4.3 5.3 5.0 5.6 6.7 1.9 2.0 2.1 4.9 2.0 4.4 4.6
Slide 19: DIC has maintained a disciplined approach to Asset Growth
DIC has maintained a disciplined approach to Asset Growth Total Assets (AED bn) 19.6 20.1 19.2 19.0 19.4 16.8 16.4 16.7 17.0 5.3 5.0 5.6 5.1 6.7 5.0 4.9 5.7 5.0 13.9 14.1 13.8 14.4 13.4 11.1 11.4 11.7 12.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019 Total non-current assets Total current assets Note:
Slide 20: Balance Sheet Development: 3% growth over previous quarter
Balance Sheet Development: 3% growth over previous quarter Total Assets (AED mn) 54.2 36.8 10.8 110.6 290.3 211.6 110.6 4.1 (7.1) (15.4) (97.0) (38.8) (30.1) (85.8) 19,554.2 20,108.9 Non-current Assets Current Assets Note: Figures are rounded to the nearest decimal Others include investments at fair
Slide 21: Outlook & Guidance
Outlook & Guidance Dubai Investments
Slide 22: 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 23: 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 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: Portfolio Information
Portfolio Information Dubai Investments
Slide 26: 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 27: 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 28: 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 29: 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 30: 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 31: 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 31
Slide 32: 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 33: 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 34: 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 35: 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 36: 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 37: 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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