Slide 1: Semi-Annual Results H1 2013
Semi-Annual Results H1 2013 Depa Limited Dubai, UAE
Slide 2: Disclaimer
Disclaimer This material contains certain statements that are “forward-looking” including management’s expectations and analysis. These statements are based on management’s current expectations and are naturally subject to uncertainty and changes in circumstances. Actual results may vary materially
Slide 3: Contents
Contents H1 2013 Overview Backlog Geographical Update Financials Outlook 3
Slide 4: Overview
Overview 4
Slide 5: H1 2013 Overview: Revenue reaches highest level since 2009
H1 2013 Overview Revenue reaches highest level since 2009 (AED Million) Revenue Revenue H1 2008 741 H1 2009 1,108 • Revenue at AED 1,010m, a 22% increase YoY (H1 2012: AED 825m), and H1 2010 846 H1 2011 749 highest level since 2009. H1 2012 • Subsidiaries that achieved revenue of more than AED 100 m
Slide 6: H1 2013 Overview: Over AED 1 billion of new contracts signed
H1 2013 Overview Over AED 1 billion of new contracts signed in H1 2013 Cash Generation (AED Million) Balance 174 Sheet/Cash Generation 100 • Total assets as of 30 June 2013 were AED 3.16 billion compared to AED 2.95 47 38 billion as of 30 June 2012. -7 • Total liabilities increased from AED 1.3 bill
Slide 7: Backlog
Backlog 7
Slide 8: Backlog has grown since year-end, currently AED 3 billion
Backlog Backlog has grown since year-end, currently standing at AED 3 billion • All projects are in the advanced stage of construction. • Depa continues to have healthy contracted backlog which stood at approximately AED 3 billion. • Backlog consists of 243 projects where we are already working on s
Slide 9: Backlog: Geographical Distribution
Backlog: Geographical Distribution GCC and Saudi Arabia providing most backlog growth Geographical Backlog Distribution H1 2013 H1 2012 9
Slide 10: Backlog: Sector Distribution
Backlog: Sector Distribution Infrastructure portion of backlog increasing from 21% to 38% Sector Backlog Distribution H1 2013 H1 2012 10
Slide 11: Backlog Geographical Distribution
Backlog Geographical Distribution Significant increase in GCC and Europe-driven backlog 0.3% 0.1% 0.5% 1.8% 2.0% 0.9% 0.3% 2.0% 5.0% 7.0% 6.2% 13.6% 14.9% 14.3% 19.4% 0.1% USA 9.8% 25.0% 7.6% 0.1% 24.3% CIS 35.0% 32.0% 5.8% 6.1% 2.6% 1.5% 25.4% Europe 2.1% 0.1% 10.0% Asia 16.2% 13.5% Value of Backlo
Slide 12: Geographical Update
Geographical Update fot | ae
Slide 13: Geographical Overview
Geographical Overview GCC playing a key role in driving revenues GCC Lindner Middle East Revenues Increase in GCC revenues, backlog and profits. Saudi Arabia playing a key role in driving revenues upwards, with revenue increasing on 126 major projects such as the Shamiyah Expansion and KAPSARC.
Slide 14: Financials
Financials 14
Slide 15: Financials: Overview
Financials: Overview AED Million H1 2013 H1 2012 H1 2011 Ratio Analysis Quick Ratio Current Ratio Debt to Equity Ratio Revenue 1,010 825 749 H1 2013 1.46 H1 2013 1.53 H1 2013 0.14 Contract Profit 131 34 153 FY 2012 1.42 FY 2012 1.50 FY 2012 0.19 Contract Profit Margin 13% 4% 20% H1 2012 1.38 H1 2012
Slide 16: Financials: Selected Balance Sheet Figures
Financials: Selected Balance Sheet Figures AED Million Jun-13 Dec-12 Jun-12 Cash in Hand 240 307 238 Trade Receivables 429 511 429 Unbilled Revenue 665 562 484 Total Current Assets 2,093 2,056 1,757 Total Assets 3,158 3,144 2,945 Total Bank Debt (Short & Long Term) 235 299 236 Total Current Liabilit
Slide 17: Financials: Selected Cash Flow Figures
Financials: Selected Cash Flow Figures AED Million H1 2013 H1 2012 H1 2011 Net Cash (used in) / generated from Operating Activities (7) (43) 110 Net Cash (used in) / generated from Investing Activities 43 (28) (10) Net Cash (used in) / generated from Financing Activities (71) (27) (29) Net (decrease
Slide 18: Financials: Geographic Segmentation
Financials: Geographic Segmentation AED Million Variance Regional Office Geographies included H1 2013 H1 2012 Amount Percentage Dubai Dubai, India, Azerbaijan, Jordan 311 275 36 13% Abu Dhabi Abu Dhabi, Qatar, Saudi Arabia, Morocco 257 157 100 64% Asia Singapore, Malaysia, China 231 201 30 15% Europ
Slide 19: Financials: Activity Segmentation
Financials: Activity Segmentation AED Million Variance Activity Segment H1 2013 H1 2012 Amount Percentage Contracting 581 431 150 35% Manufacturing 411 380 31 8% Procurement 18 14 4 29% Total 1,010 825 185 22% H1 2013 H1 2012 2% 2% 41% 46% 57% 52% Contracting Manufacturing Procurement Contracting Ma
Slide 20: Outlook
Outlook 20
Slide 21: Outlook
Outlook • Strong growth prospects from GCC markets • Infrastructure and medical center projects coming strongly into backlog • African and Asian markets providing moderate growth opportunities 21