National Central Cooling Co. (p.s.c.) (tabreed) · DFM:TABREED
National Central Cooling Co. (p.s.c.) (tabreed) — National Central Cooling Company PJSC (Tabreed) — Q3 2016 Earnings Presentation
15 slides from National Central Cooling Co. (p.s.c.) (tabreed)'s earnings presentation, Oct 27, 2016
Slide 1: 2016 Q3 Results Presentation
National Central Cooling Company PJSC 27 Oct 2016 2016 Q3 Results Presentation
Slide 2: Disclaimer
• No person shall have any right of action (except in case of fraud) against the Company or any other person in relation to the accuracy or completeness of the information contained herein. Whilst the Company has taken all reasonable steps to ensure the accuracy of all information, the Company canno
Slide 3: Agenda
Agenda A | Introduction and Performance Highlights – Jasim Thabet, CEO B | Financial Results – Steve Ridlington, CFO C | Conclusion – Jasim Thabet, CEO
Slide 4: Tabreed at a glance
Tabreed Analyst Presentation Q3 2016 4 Tabreed at a glance One of the world’s largest district cooling companies Equivalent to cooling 70 1m RT plants in the GCC delivered to clients 100 towers the size of Burj Khalifa Greater reliability compared to conventional cooling and positive environmental i
Slide 5: The only listed DC Company in GCC operating across the region
Tabreed Analyst Presentation Q3 2016 5 The only listed DC Company in GCC operating across the region 5 Countries | 70 Plants | 1,011 kRT • Only listed DC company in GCC markets • Uniform utility infrastructure model implemented across GCC • Long term contracts underpinning stability of earnings and
Slide 6: Headline Performance
Tabreed Analyst Presentation Q3 2016 6 Headline Performance Govt Customers • Providing over 1m RT of cooling across GCC– growing 7% annually since 2012 949 1,011 Long-term • Long term price certain contracts (~25 years) ensuring stability in earnings 829 938 Group Connected 344 Capacity (kRT) 344 34
Slide 7: Agenda
Agenda A | Introduction and Performance Highlights – Jasim Thabet, CEO B | Financial Results – Steve Ridlington, CFO C | Conclusion – Jasim Thabet, CEO
Slide 8: Financial Highlights: Income Statement
Tabreed Analyst Presentation Q3 2016 8 Financial Highlights Income Statement Unaudited Consolidated Financials (AED m) Q3 2016 Q3 2015 Variance % Revenue 960 904 56 +6% Chilled water revenue (90%) 871 834 36 +4% Value chain businesses (10%) 90 70 20 +28% Operating cost -519 -482 -37 +8% Gross Profit
Slide 9: Financial Highlights: Financial Position
Tabreed Analyst Presentation Q3 2016 9 Financial Highlights Financial Position Unaudited Consolidated Financials (AED m) Sep 2016 Dec 2015 Variance % Fixed Assets 6,837 6,766 71 +1% Associates and Joint Ventures 800 714 86 +12% Accounts Receivable 607 410 197 +48% Cash and Short Term Deposits 234 17
Slide 10: Financial Highlights: Cash flow Statement
Tabreed Analyst Presentation Q3 2016 10 Financial Highlights Cash flow Statement Unaudited Consolidated Financials (AED m) Q3 2016 Q3 2015 Variance % Profit from Operations 304 291 13 +4% Finance lease amortization 37 32 5 +15% Depreciation 94 91 3 +4% Working capital and other adjustments (108) 35
Slide 11: Debt portfolio adequately hedged against interest rate increases
Tabreed Analyst Presentation Q3 2016 11 Debt portfolio adequately hedged against interest rate increases • Tabreed’s current gearing is 45% (debt: debt + equity), in line with global utility peers • 96% of Tabreed’s debt is denominated in AED, with the balance in USD and OR, in line with cash flow g
Slide 12: Agenda
Agenda A | Introduction and Performance Highlights – Jasim Thabet, CEO B | Financial Results – Steve Ridlington, CFO C | Conclusion – Jasim Thabet, CEO
Slide 13: A GCC-wide infrastructure assets company
Tabreed Analyst Presentation Q3 2016 13 A GCC-wide infrastructure assets company • District Cooling is a critical part of the growing GCC infrastructure Why District • District Cooling is 50% more efficient in consuming electricity than conventional cooling reducing energy consumption, Cooling carbo
Slide 14: Questions
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Slide 15: Contact Us / Upcoming Investor Events
Tabreed Analyst Presentation Q3 2016 15 Contact Us Faisal Tahir Bhatti Ahmed Al Nowais Investor Relations Corporate Communications Tel: +971 2 2020336 Tel: +971 2 2020333 Email: FBhatti@tabreed.ae Email: AAlnowais@tabreed.ae Upcoming Investor Events BofAML MENA Conference 2016, Dubai 14th November 2
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