National Central Cooling Co. (p.s.c.) (tabreed) · DFM:TABREED
National Central Cooling Co. (p.s.c.) (tabreed) — National Central Cooling Company PJSC (Tabreed) — H1 2016 Earnings Presentation
15 slides from National Central Cooling Co. (p.s.c.) (tabreed)'s earnings presentation, Jul 28, 2016
Slide 1: 2016 H1 Results Presentation
National Central Cooling Company PJSC 28 July 2016 2016 H1 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 H1 2016 4 Tabreed at a glance One of the world’s largest district cooling companies 980kRT Equivalent to cooling 69 plants in the GCC delivered to clients 97 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 and operating across the region
Tabreed Analyst Presentation H1 2016 5 The only listed DC Company in GCC and operating across the region 5 Countries | 69 Plants | 980 kRT • Only listed DC company in GCC markets • Uniform utility infrastructure model implemented across GCC • Long term contracts underpinning stability of earnings an
Slide 6: Headline Performance
Tabreed Analyst Presentation H1 2016 6 Headline Performance Govt Customers • Providing 980kRT of cooling across GCC– growing 7% annually since 2012 Long-term • Long term price certain contracts (~25 years) ensuring stability in earnings 926 953 980 Group Connected 814 Capacity (kRT) contracts with •
Slide 7: Agenda
Agenda A | Introduction and Performance Highlights – Jasim Thabet, CEO B | Financial Results – Steve Ridlington, CEO C | Conclusion – Jasim Thabet, CEO
Slide 8: Financial Highlights
Tabreed Analyst Presentation H1 2016 8 Financial Highlights Income Statement Unaudited Consolidated Financials (AED m) H1 2016 H1 2015 Variance % Revenue 579 555 23 +4% Chilled water revenue (89%) 516 507 9 +2% Value chain businesses (11%) 63 48 15 +30% Operating cost (295) (287) (8) +3% Gross Profi
Slide 9: Financial Highlights
Tabreed Analyst Presentation H1 2016 9 Financial Highlights Financial Position Unaudited Consolidated Financials (AED m) H1 2016 Dec 2015 Variance % Fixed Assets 6,834 6,766 68 +1% Associates and Joint Ventures 785 714 72 +10% Accounts Receivable 467 410 57 +14% Cash and Short Term Deposits 205 177
Slide 10: Financial Highlights
Tabreed Analyst Presentation H1 2016 10 Financial Highlights Cash flow Statement Unaudited Consolidated Financials (AED m) H1 2016 H1 2015 Variance % Profit from Operations 186 178 8 +4% Finance lease amortization 28 25 3 +13% Depreciation 62 61 0 +0% Working capital and other adjustments (17) (2) (
Slide 11: Debt Portfolio
Tabreed Analyst Presentation H1 2016 11 Debt Portfolio • 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 generation profile • Majority of the debt is floati
Slide 12: Agenda
Agenda A | Introduction and Performance Highlights – Jasim Thabet, CEO B | Financial Results – Steve Ridlington, CEO C | Conclusion – Jasim Thabet, CEO
Slide 13: A GCC-wide infrastructure assets company
Tabreed Analyst Presentation H1 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
Wy oa Jn tabreed Questions
Slide 15: Contact Us Upcoming Investor Events
Tabreed Analyst Presentation H1 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 EFG MENA & Frontier Conference, London 7th & 8th S
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