United Development Co. · QSE:UDCD
United Development — Q1 2020 Earnings Presentation
27 slides from United Development's earnings presentation, April 2020
Slide 1: United Development Company Financial Results 2020
UNITED DEVELOPMENT COMPANY Financial Results 2020 March 2020
Slide 2: Table of Contents
Table of Contents 03 Overview of the Company 04 – 06 Board Members 07 Key Highlights 08 Corporate Governance 09 Share Information 10 Dividend Payout 11 – 18 Financial Performance 19 Business Segments Overview 20 Major Operating Assets 21 Key Projects 22 – 26 Additional Information
Slide 3: Overview of United Development Company
Overview of United Development Company United Development Company (UDC) is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to Qatar’s growth and providing good shareholder value. Established in 1999, the Company was first listed o
Slide 4: Board of Directors
Board of Directors H.E. Mr. Turki bin Mohammed Al-Khater Chairman Mr. Abdulrahman Abdullah Al – Abdulghani Vice Chairman Mr. Ali Hussain Ibrahim Alfardan Board Member 4
Slide 5: Board of Directors Contd…
Board of Directors Contd… Mr. Abdulaziz Mohammed Hamad Al Mana Board Member Mr. Abdulrahman Saad Al-Shathri Board Member Mr. Nasser Jaralla Saeed Jaralla Al Marri Board Member 5
Slide 6: Board of Directors Contd…
Board of Directors Contd… H.E. Mr. Mubarak Ali Mubarak Al-Nuaimi Board Member H.E. Sheikh Faisal Bin Fahed Al Thani Board Member Mr. Ibrahim Jassim Al Othman President & CEO & Board Member 6
Slide 7: Key Highlights
Key Highlights 22nd April 2020 UDC announces financial results for the first quarter of 2020, reporting net profit of QR 57 million on revenues of QR 296 million. The net profit attributable to the equity shareholders stood at QR 49 million and basic earnings per share was QR .014. 03rd March 2020 U
Slide 8: Corporate Governance
Corporate Governance As part of the compliance requirement of the Corporate Governance code for listed companies issued by Qatar Financial Markets Authority, UDC as a Qatari shareholding company listed on the Qatar Exchange is required to disclose the extent to which it complies with the provisions
Slide 9: Share Information
Share Information Traded Vol. Traded Value Open Price High Price Low Price Closing Price Period Share Data: (Mn.) @ (QAR Mn) (QAR) * (QAR) * (QAR)* (QAR)* Jan'14 - Dec'14 3,168.19 7,995.57 2.24 3.08 1.97 2.36 Currency QAR Jan'15 - Dec'15 709.10 1,663.52 2.36 2.64 1.90 2.08 Jan'16 - Dec'16 572.48 1,1
Slide 10: Dividend Payout
Dividend Payout Cash Stock Private Year No. of Shares Dividend Cash Dividend Bonus Shares Right Issue Dividend % placement % 2004 50,000,000 - 2005 82,500,000 - 10% 5,000,000 27,500,000 2006 107,250,000 20.0% 214,500,000 30% 24,750,000 2007 107,250,000 25.0% 268,125,000 2008 107,250,000 35.0% 375,37
Slide 11: Financial Performance
Financial Performance 11
Slide 12: Key Highlights
Key Highlights QAR Millions Key Figures Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Revenue 458 769 528 530 296 Net Profit 271 244 220 176 57 Net Finance Cost (22) (31) (33) (32) (22) EBITDA 320 315 295 249 117 Total assets 18,669 18,324 17,962 18,319 18,111 Shareholders' equity 10,933 11,086 10,871 10,
Slide 13: Financial Results
Financial Results Revenue for Q1 (QAR Mn) 900 769 800 700 600 528 530 500 458 400 296 300 • The revenue from 200 operating activities for Q1 100 2020 decreased by 44% to 0 QAR 296 Mn, as compared Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 to Q1 2019. Q1 Net Profit & Margin (QAR Mn) • The Net Profit for
Slide 14: Financial Results
Financial Results Q1 EBITDA & Margin (QAR Mn) 800 80% 70% 70% 600 56% 60% 47% 40% 50% 400 41% 40% 30% • EBITDA for Q1 2020 declined by 53% to QAR 200 20% 320 315 295 249 117 Mn as compared to Q1 10% 117 2019 QAR 249 Mn. 0 0% Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 • Q1 2020 EPS declined to QAR 0.014
Slide 15: Financial Results
Financial Results Financial Position • The net debt for Q1 2020 has 20,000 decreased by 9% to QAR 3,345 18,000 16,000 11,119 11,086 10,971 10,933 Mn as compared to Q1 2019; 10,871 14,000 12,000 7,736 7,348 7,238 7,091 6,992 18,669 18,324 18,319 The Debt Equity Ratio for Q1 18,111 17,962 • 10,000 8,0
Slide 16: Financial Results
Financial Results 2,000 1,867 1,800 1,600 1,478 1,400 Consolidated Debt Maturity 1,200 Profile 1,000 800 The debt for Q1 2020 amounts to QAR 3,345 Mn 600 (Net of unamortised cost). 400 200 - Current - Interest bearing Loans & Borrowings Non - Current - Interest Bearing Loans & Borrowings Past perfor
Slide 17: Segmental Financial Results
Segmental Financial Results Urban Development Infrastructure & Utilities 500 100 406 85 85 400 80 300 60 200 157 173 40 100 37 15 16 20 - - Q1 2019 Q1 2020 Q1 2019 Q1 2020 Revenue Profit Revenue Profit Hospitality & Leisure Others 10 40 38 8 34 8 35 6 6 30 25 4 20 2 15 - 10 8 8 (2) 5 (4) (2) (2) - Q
Slide 18: Segmental Financial Results
Segmental Financial Results Revenue Breakdown (QAR Mn) % of Revenue Breakdown 406 450 400 350 11% 300 250 173 200 29% 150 58% 85 85 100 38 34 50 8 6 - 2% Q1 2019 Q1 2020 Urban Development Hospitality & Leisure Urban Development Hospitality & Leisure Infrastructure & Utilities Others Infrastructure &
Slide 19: Business Segments Overview
Business Segments Overview UDC business segment is driven by existing and ongoing real estate developments. Currently United Development Company (UDC) has different projects lined up which would ensure to maintain profitability targets and profit growth going forward. UDC’s main business strategy is
Slide 20: Major Operating Assets
Major Operating Assets Porto Arabia Retail & Residential Operations: The entire Porto Arabia district forms a single, mixed-use property development comprising residential apartments and townhouses, ample retail space, private marinas and ample parking. Income is generated from leasing of the variou
Slide 21: Key Projects
Key Projects Project Investment Value Gewan Island QR 2.9 Bill UDC currently has an investment of approximately QAR 5.5 Bn in Giardino Mall QR 140 Mill pipeline. Giardino Village – United School International QR 350 Mill The table gives an insight of the major ongoing developments: Giardino Village
Slide 22: Additional Information
Additional Information 22
Slide 23: Major Subsidiary – Qatar Cool
Major Subsidiary – Qatar Cool ➢ Qatar District Cooling Company (Qatar Cool) founding shareholders are the United Development Company PSC (UDC) and its subsidiaries (51%) and the National District Cooling Company (Tabreed) of the United Arab Emirates and its subsidiaries (44%) and other local promine
Slide 24: Major Subsidiary – Madinainova
Major Subsidiary – Madinainova ➢ Madinainova is as a single hub to attend to the needs of property owners and residents of The Pearl-Qatar and ensure that a superior quality lifestyle is delivered and experienced in terms of community management, facilities management and real estate registry servic
Slide 25: Major Subsidiary – Ronautica Middle East (RME)
Major Subsidiary – Ronautica Middle East (RME) ➢ Ronautica Middle East (RME) is well known in the region for providing dependable marina management and nautical services. ➢ In addition to developing and operating The Pearl- Qatar’s marina infrastructure, Ronautica expanded its water shuttle services
Slide 26: Major Subsidiary – Hospitality Development Company
Major Subsidiary – Hospitality Development Company ➢ Hospitality Development Company is specialized in owning, developing & operating hospitality projects. ➢ HDC have managed to transform the Island into one of the most exclusive hospitality destinations in the region. Over the past 10 years, the co
Slide 27: Thank You
THANK YOU ' iT |
United Development Company — Q1 2020 Earnings Presentation on 6ix