Slide 1: Semi-Annual Results H1 2012
Confidential Semi-Annual Results H1 2012 Depa Limited Dubai, UAE
Slide 2: Disclaimer
Disclaimer This material contains certain statements that are “forward-looking” forward looking including management’s expectations and analysis. These statements are based on management’s current expectations and are naturally subject to uncertainty and g in circumstances. Actual results mayy varyy
Slide 3: Contents
Contents Overview Backlog Geographical Update Financials Outlook 3
Slide 4: Overview
Overview 4
Slide 5: H1 2012 Overview
H1 2012 Overview Revenue growth across the board (AED Million) Revenue Revenue H1 2008 741 H1 2009 1,108 • Revenues at AED 825m, a 10% increase YoY (H1 2011: AED 749m). H1 2010 846 • All regional subsidiaries experienced uplift in revenues. H1 2011 749 • Highest revenue growth came from European yac
Slide 6: H1 2012 Overview
H1 2012 Overview Over AED 940 million of new contracts signed in H1 2012 Cash Generation (AED Million) Balance 174 Sheet/Cash 100 Generation 47 38 • Total assets as at 30 June 2012 were AED 2.95 billion compared to AED 3.03 billion as at 31 December 2011. Total liabilities increased from AED 1.29 bi
Slide 7: Backlog
Backlog g 7
Slide 8: Backlog
Backlog Backlog diversification has increased, with 11% infrastructure value growth Project Name (Projects above 10 million) Country Value (AED) Singapore Projects ( 20 Projects)* KAPSARC- King Abdullah Petroleum Studies and Research Center Singapore Saudi Arabia 417,150,954 204,184,214 • All projec
Slide 9: Backlog: Geographical Distribution
Backlog: Geographical Distribution Africa backlog growing Geographical Backlog Distribution H1 2012 H1 2011 H1 2012 9
Slide 10: Backlog: Sector Distribution
Backlog: Sector Distribution Hospitality shrinking as a portion of growing backlog Sector Backlog Distribution H1 2012 H1 2011 10
Slide 11: Backlog Geographical Distribution
Backlog Geographical Distribution Significant increase in African backlog portion 0.3% 1.8% 0.1% 2.0% 5.0% 3.6% 2.0% 2 0% 7 0% 7.0% 13.6% 14.9% 6.8% 19.4% 0.1% CIS 9.8% 25.0% 7.6% 0.1% Europe 35.0% 32.0% 5.8% 6.1% % 2.6% 30.4% 1.5% Asia 2.1% 0.1% 10.0% Africa 16.2% D billion) 25.4% 0.9% Rest of GCC
Slide 12: Geographical Update
Geographical Update | ete | Pe
Slide 13: Geographical Overview
Geographical Overview Highest revenue growth from Vedder and Depa Design Studio. GCC Vedder Revenues In the GCC, the termination of the New Doha International Airport contract has caused red ced re reduced revenue en e e expectations pectations for the Compan Company in 2012 and 2013. 2013 101 159
Slide 14: Financials
Financials 14
Slide 15: Financials: Overview
Financials: Overview Ratio Analysis Actual Actual Actual Quick Ratio Current Ratio AED Million Debt to Equity Ratio H1 2012 H1 2011 H1 2010 H1 2012 1.38 H1 2012 1.47 H1 2012 0 14 0.14 Revenue 825 749 845 H1 2011 1.74 H1 2011 1.81 H1 2011 0.17 H1 2010 1.70 H1 2010 1.73 Contract Profit 34 153 (28) H1
Slide 16: Financials: Selected Balance Sheet Figures
Financials: Selected Balance Sheet Figures H1 2012 H1 2011 H1 2010 AED Million Cash in Hand 238 526 402 Trade Receivables 429 420 396 Unbilled Revenue 483 416 734 Total Current Assets 1,758 1,794 2,037 Total Assets 2,946 2,943 3,178 Total Bank Debt (Short & Long Term) 236 303 334 Total Current Liabi
Slide 17: Financials: Selected Cash Flow Figures
Financials: Selected Cash Flow Figures AED Million H1 2012 H1 2011 H1 2010 Net Cash ((used in)) / g generated from Operating p g Activities -43 110 36 Net Cash (used in) / generated from Investing Activities -28 -10 -176 Net Cash (used in) / generated from Financing Activities -27 -29 -7 Net (decrea
Slide 18: Financials: Geographic Segmentation
Financials: Geographic Segmentation AED Million Revenue H1 2012 Variance Regional Office H1 2012 H1 2011 Amount Percentage 192, 23% 275, 33% Dubai 275 221 54 24% Abu Dhabi 157 155 2 1% 201, 25% Asia 201 241 (40) (17%) 157, 19% Europe 192 132 60 45% Total 825 749 76 10% H1 2011 Regional Offices have
Slide 19: Financials: Activity Segmentation
Financials: Activity Segmentation Revenue AED Million Variance Activity Segment H1 2012 H1 2011 Amount Percentage Contracting 507 456 51 11% Manufacturing 304 283 21 7% Procurement 14 10 4 40% Total 825 749 76 10% H1 2012 H1 2011 14, 2% 10, 1% 304, 37% 283, 38% 507, 61% 456, 61% Contracting Manufact
Slide 20: Outlook
Outlook 20
Slide 21: Outlook
Outlook • Slow growth prospects from GCC markets • Infrastructure and medical center projects coming strongly into backlog • African and Asian (including Chinese) markets providing growth opportunities 21