Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — FY2017 Earnings Presentation
42 slides from Dubai Investment (p.j.s.c)'s earnings presentation, March 2018
Slide 1: Dubai Investments PJSC Fiscal Year 2017 Investor Presentation
Dubai Investments PJSC Fiscal Year 2017 Investor Presentation
Slide 2: Content
Content Page 3 Management Summary Page 12 Fiscal Year 2017 Financial Highlights Page 20 Q4 2017 Financial Highlights Page 25 Outlook & Guidance Page 29 Portfolio Information Page 42 Disclaimer – Forward Looking Statements 2
Slide 3: Management Summary
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Slide 4: Largest Listed Investment Company on DFM with Market Cap. of c. AED 10.3 Bn
Largest Listed Investment Company on DFM with Market Cap. of c. AED 10.3 Bn1 Dubai Investments Overview – Total Assets of over AED 17 billion with 16,900 shareholders Business Segments by Assets DI was established in 1995 as Shareholders (Q4 2017) an onshore investment Investment company; paid-in
Slide 5: 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 2018
Slide 6: Significantly Outperformed both DFM Index and Real Estate Index
Significantly Outperformed both DFM Index and Real Estate Index Exchange Dubai Financial Market DI has been enhancing shareholder returns Symbol DFM:DIC Acquisition of 59.66% ISIN AED000601016 600 Acquisition of Stake in Al Mal Sector Investments & Financial Services Emirates Float Capital PSC Glass
Slide 7: Board of Directors
Board of Directors Chairman – Suhail Bin Fares Al Mazrui Suhail Bin Fares Al Mazrui holds a University Degree in Petroleum Engineering. He has a 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 we
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 17.0 BN 35.3% 6,004m As at 31th December 2017 Amounts in AED DUBAI INVESTMENTS 11.8% PARK DEV. COMPANY 2,003m 22.4% 3,807m 11.5 2.8 2.7 TREASURY PORTFOLIO billion billion billion & OTHER 16.8% 15.7% 67.5% 655m DUBAI INVEST
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 ~1,000 60% LEASED RESIDENTIAL 98% 32% YTD INCOME COMMERCIAL 763 8% AED million 9
Slide 10: Recognitions and Awards
Recognitions and Awards Khalid Bin Kalban received Top CEO Award Emicool won Emirates 2017 by Trends Energy Awards 2017 Magazine Emirates Float Glass won TechSource won award the Industrial for Top 10 Best IT Development Bureau companies to work in the Award UAE Mushtaq Masood, Group Chief Financial
Slide 11: 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 Real estate & investment portfolio designed to perform through market cycles and generate a Diversification steady and sustai
Slide 12: Fiscal Year 2017 - Financial Highlights
Fiscal Year 2017 - Financial Highlights
Slide 13: Key Messages – FY 2017
Key Messages – FY 2017 Profit attributable to shareholders of AED 1,001.6 million for FY2017 as compared to FY2016 figure of AED 1,218.3 million. Inspite of the challenging economic environment the profitability is in Group Result line with previous year excluding the one-off gain from divestments
Slide 14: FY2017 – Financial Performance: Strong and profitable company
FY2017 – Financial Performance: Strong and profitable company TOTAL INCOME TOTAL EXPENSES * EBITDA ATTRIBUTABLE EPS NET PROFIT 2,784.3 (1,996.1) 650.2 1,001.6 0.24 AED million AED million AED million AED million AED per share TOTAL ASSETS CASH TOTAL LIABILITES DEBT / EQUITY # ROE** 17.0 0.9 4.7 26.8
Slide 15: FY 2017 – Key Performance Indicators
FY 2017 – Key Performance Indicators: Strong performance despite no exits during 2017 Income and earnings (AED m) FY 2017 FY 2016 y-o-y (%) Total income 2,784.3 3,050.9 (8.7%) Total expenses* (1,996.1) (2,005.9) (0.5%) Profit for the period 931.3 1,206.7 (22.8%) Attributable profit 1001.6 1218.3 (22
Slide 16: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED m) 3.3 35.9 85.1 21.6 2.9 (159.2) (2.2) (50.4) (5.2) (11.9) (186.6) 3,050.9 2,784.3 Dec-16 Sale of goods Rental income Contract Sale of Sale of Fair valuation Sale of Fair valuation Dividend Share of profit Disposal of Dec-17 revenue proper
Slide 17: Evolution by Quarter: Continuous growth on Rental Income
Evolution by Quarter: Continuous growth on Rental Income Total Assets (AED bn) Total Liabilities & Equity (AED bn) 1.7 1.9 2.0 2.0 2.1 5.7 5.0 5.0 4.9 1.6 1.6 1.7 5.2 5.2 5.2 2.7 2.5 2.6 5.8 2.6 2.8 2.7 2.5 2.6 10.5 10.9 10.9 11.1 11.4 11.7 12.1 11.0 10.7 11.0 11.4 11.7 11.3 11.7 11.9 9.7 Q1 2016Q2
Slide 18: DIC has maintained a disciplined approach to Asset Growth
DIC has maintained a disciplined approach to Asset Growth Total Assets (AED bn) 17.0 16.8 16.4 16.7 15.7 16.1 16.1 15.0 15.3 15.5 14.2 14.5 14.7 14.7 13.5 5.0 4.9 13.2 5.7 5.0 5.2 5.2 5.2 5.6 5.8 5.7 5.6 5.7 4.5 5.2 5.7 4.3 11.4 11.7 12.1 10.5 10.9 10.9 11.1 8.9 9.0 9.0 9.0 9.1 9.3 9.7 9.7 8.8 Q1 Q2
Slide 19: Balance Sheet Development: 5% growth over previous year
Balance Sheet Development: 5% growth over previous year Total Assets (AED mn) 16,114.8 256.3 17,005.0 280.2 86.4 22.6 177.4 973.3 (78.5) (0.9) (36.4) (57.6) (3.6) (3.9) (46.3) (314.0) (365.0) Non-current Assets Current Assets Dec-16 PP&E Goodwill & Investment Investments Equity Rent Finance lease In
Slide 20: Q4 2017 - Financial Highlights
Q4 2017 - Financial Highlights
Slide 21: Q4 2017 – Financial Performance: Strong and profitable company
Q4 2017 – Financial Performance: Strong and profitable company TOTAL INCOME TOTAL EXPENSES * EBITDA ATTRIBUTABLE EPS NET PROFIT 751.6 672.3 152.2 171.3 0.04 AED million AED million AED million AED million AED per share TOTAL ASSETS CASH TOTAL LIABILITES DEBT / EQUITY # ROE** 17.0 0.9 4.7 26.8% 5.6%
Slide 22: Q4 2017 – Key Performance Indicators: No exits during 2017
Q4 2017 – Key Performance Indicators: No exits during 2017 Income and earnings (AED m) Q4 2017 Q3 2017 Q4 2016 q-o-q (%) y-o-y (%) Total income 751.6 749.2 864.9 0.3% (13.1%) Total expenses* (672.3) (429.2) (563.6) 56.6% 19.3% Profit for the period 136.6 339.8 363.5 (59.8%) (62.8%) Attributable prof
Slide 23: Evolution by Quarter: Continuous growth on Rental Income
Evolution by Quarter: Continuous growth on Rental Income Total Income (AED m) Continuous growth 814.3 864.9 A slight improve in Total Income during Q4 2017 714.7 657.0 697.2 749.2 751.6 586.3 compared to Q3 2017 Rental income represented a 29.2% of Total Income in Q4 2017, a slight decrease comp
Slide 24: Rental income from DIP continues to remain robust
Rental income from DIP continues to remain robust Rental income (AED m) 230 235 232 220 224 220 217 207 199 187 188 173 195 196 165 190 186 186 183 180 151 145 172 141 143 164 162 130 134 154 159 122 150 139 124 130 121 123 109 115 15.6% 13.8% 13.3% 6.7% 5.6% 14.6% 5.9% 6.0% 4.0% 4.8% 4.9% 0.5% 1.6%
Slide 25: Outlook & Guidance
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Slide 26: Outlook and Guidance for FY 2018
Outlook and Guidance for FY 2018 Continue to generate steady income, backed by recurring cash flow streams with a high single to low double digit growth in net profitability Focus on monetizing available land bank to perform through the market cycles and enhance Total Income & revenues and profi
Slide 27: Financial Calendar
Financial Calendar Upcoming Events: 18 April 2018 Annual General Meeting 27
Slide 28: 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 29: Portfolio Information
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Slide 30: 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 31: 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 32: 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 33: 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 34: 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 35: 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 35
Slide 36: 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 37: 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 38: Emirates Building Systems
Emirates Building Systems Business Overview Leading manufacturer of steel structures in the UAE with offices in other GCC countries, Pakistan, Bangladesh and United States. Manufactures hot rolled structures, pre-engineered buildings, aluminum and steel sheeting, insulated panels, building accessori
Slide 39: 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 40: 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 41: 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 42: 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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