National Central Cooling Co. (p.s.c.) (tabreed) · DFM:TABREED
National Central Cooling Co. (p.s.c.) (tabreed) — National Central Cooling Company PJSC (Tabreed) — Q1 2021 Earnings Presentation
19 slides from National Central Cooling Co. (p.s.c.) (tabreed)'s earnings presentation, May 9, 2021
Slide 1: National Central Cooling Company PJSC Q1 2021 Earnings Presentation
National Central Cooling Company PJSC (DFM: TABREED) Q1 2021 Earnings Presentation 9 May 2021
Slide 2: Disclaimer
Disclaimer • These materials have been prepared by and are the sole responsibility of the National Central • No person is authorized to give any information or to make any representation not contained in and Cooling Company PJSC, ‘Tabreed’ (the “Company”). These materials have been prepared solely f
Slide 3: Agenda
Agenda 1 Tabreed New Branding 4 2 Business Updates and Performance Highlights 6 3 Financial Results 11 4 Conclusion 16 | 3
Slide 4: Tabreed new branding
01 Tabreed new branding Otabreed
Slide 5: Our Brand
Our Brand Our identity Our Purpose To be an essential driver of Our values progress for people, places, societies and environments around the world. Why do we need a new brand now? Progress Partnership Performance Moving forward, Stronger Solid commitments • To tell a story that is reflective of our
Slide 6: Business Updates and Performance Highlights
02 Business Updates and Performance Highlights
Slide 7: Developments
Business Updates and Performance Highlights Tabreed at a Glance Financial Highlights: Q1 2021 vs. Q1 2020 AED 358m AED 339m AED 227m AED 86m +21.5% +22.3% +27.3% +4.0% Total Revenue Chilled Water Revenue EBITDA Net Income Performance Highlights and Other Developments • Total Revenue increased by 21.
Slide 8: Tabreed at a Glance
Business Update and Performance Highlights Tabreed at a Glance One of the world’s largest district cooling companies 86 Environmentally responsible operations reducing green house gas emissions plants in 5 countries 2.26 billion kWh 1.35 million tons annual reduction in energy consumption annual eli
Slide 9: Connected Capacity (kRT)
Business Updates and Performance Highlights Connected Capacity (kRT) Consolidated Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 UAE 875 876 882 928 928 Bahrain 32 32 32 32 32 Oman 32 32 32 32 33 Total Consolidated 940 940 947 992 993 Equity Accounted UAE 71 71 71 71 71 Qatar 224 224 224 230 230 KSA 110 11
Slide 10: Group Connected Capacity and Revenue Headline Performance
Business Updates and Performance Highlights Headline Performance UAE Other 1 Long-term • Providing over 1.40m RT of cooling across GCC – grown at 9% CAGR since 2018 Group Connected Capacity (kRT) 1,134 1,345 1,405 contracts with • Long term contracts (~25 years) mean over 90% of contracted capacity
Slide 11: Financial Results
03 Financial Results Otabreed
Slide 12: Income Statement
Financial Results Income Statement Consolidated Financials (AED m) Q1 2021 Q1 2020 Variance % Key Observations Revenue 358 294 63 21.5% Chilled water revenue (95%) 339 277 62 22.3% • Increase in revenue primarily driven by robust performance of Chilled Water business, offset to Value chain businesse
Slide 13: Financial Position
Financial Results Financial Position Consolidated Financials (AED m) Mar 31, 2021 Dec 31, 2020 Variance % Key Observations Fixed Assets 8,269 8,011 259 3% • Increase in Fixed Assets represent additions of AED 215 million for Saadiyat Island DC assets Intangibles 2,980 2,360 620 26% • Intangible Asse
Slide 14: Cash Flow Statement
Financial Results Cash Flow Statement Consolidated Financials (AED m) Q1 2021 Q1 2020 Variance % Key Observations Profit from Operations 135 105 30 28% • Improved cash flow from operation primarily Finance lease amortization 29 30 0 -1% driven by consolidation of acquisitions, as well 63 43 20 46% a
Slide 15: Debt Portfolio and Return Ratios
Financial Results Debt Portfolio and Return Ratios Investment grade status reaffirmed by both Fitch and Moody’s Net Debt Profile (AED m) Debt Maturity Profile 1 2 5,934 2,622 2,846 2,934 Mar-18 Mar-19 Mar-20 Mar-21 2021 2022 2023 2024 2025 2026 - 31 3 Net Debt to LTM EBITDA 4 Return on Capital Emplo
Slide 16: Conclusion
04 Conclusion Otabreed
Slide 17: Creating sustainable value for stakeholders
Conclusion Creating sustainable value for stakeholders Commitment to SDGs • Tabreed published its first ESG report in March 2021 • ESG is embedded in the Group’s Business model , strategy and culture • In 2020, Tabreed displaced over 1.35m metric tons of CO2 emissions, equivalent to removing 293,192
Slide 18: Key Highlights
Conclusion Key Highlights Partner of choice across GCC for providing environmentally friendly cooling solutions ▪ Operational track record of > 20 years ▪ Established a district energy investment platform in ▪ A utility-like service considering the warm climate of the Singapore with IFC that will in
Slide 19: Contact Us
Contact Us Bijay Sharma Churchgate Partners Email: Tabreed@churchgatepartners.com Richard Rose Salik Malik SVP, Finance Head, Financial Planning & Analysis Tel: +971 2 2020400 Tel: +971 2 2020397 Email: IR@tabreed.ae Email: SMalik@tabreed.ae
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