National Central Cooling Co. (p.s.c.) (tabreed) · DFM:TABREED
National Central Cooling Co. (p.s.c.) (tabreed) — National Central Cooling Company PJSC (Tabreed) — Q1 2016 Earnings Presentation
15 slides from National Central Cooling Co. (p.s.c.) (tabreed)'s earnings presentation, Apr 28, 2016
Slide 1: 2016 Q1 Results Presentation
National Central Cooling Company PJSC 28 April 2016 2016 Q1 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 2015 4 Tabreed at a glance One of the world’s largest district cooling companies 977kRT 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 impa
Slide 5: The only listed DC Company in GCC and operating across the region
Tabreed Investor Presentation 2016 5 The only listed DC Company in GCC and operating across the region 5 Countries | 69 Plants | 977 kRT • Only listed DC company in GCC markets • Uniform utility infrastructure model implemented across GCC • Long term contracts underpinning stability of earnings and
Slide 6: Headline Performance
Tabreed Analyst Presentation 2015 6 Headline Performance Government • Providing 977kRT of cooling across GCC– growing 7% annually since 2012 Long-term 950 977 • Long term price certain contracts (~25 years) ensuring stability in earnings Group Connected 801 852 Capacity (kRT) contracts with • 50% of
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: Income Statement
Tabreed Analyst Presentation 2015 8 Financial Highlights Income Statement Unaudited Consolidated Financials (AED m) March 2016 March 2015 Variance % Revenue 256 239 16 +7% Chilled water revenue (87%) 222 214 8 +4% Value chain businesses (13%) 33 25 8 +33% Operating cost (125) (117) (8) +7% Gross Pro
Slide 9: Financial Highlights: Financial Position
Tabreed Analyst Presentation 2015 9 Financial Highlights Financial Position Unaudited Consolidated Financials (AED m) March 2016 Dec 2015 Variance % Fixed Assets 6,833 6,766 66 +1% Associates and Joint Ventures 724 714 11 +1% Accounts Receivable 407 410 (3) -1% Cash and Short Term Deposits 296 177 1
Slide 10: Financial Highlights: Cash flow Statement
Tabreed Analyst Presentation 2015 10 Financial Highlights Cash flow Statement Unaudited Consolidated Financials (AED m) March 2016 March 2015 Variance % Profit from Operations 78 73 4 +6% Finance lease amortization 16 15 2 +11% Depreciation 31 31 (0) -0% Working capital and other adjustments (28) (1
Slide 11: Debt Portfolio
Tabreed Analyst Presentation 2015 11 Debt Portfolio • Tabreed’s current gearing is 45% (debt: debt + equity), approaching global utility peers • 95% of Tabreed’s debt is denominated in AED, with the balance in USD and OR, in line with cash flow generation profile • Virtually all the debt is floating
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 Investor Presentation 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 carbon
Slide 14: Questions
Wy oa Jn tabreed Questions
Slide 15: Contact Us / Upcoming Investor Events
Tabreed Analyst Presentation 2015 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 HSBC MENAT Conference, Dubai 9 & 10 May 2016 DFM Road
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