Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — H1 2024 Earnings Presentation
30 slides from Dubai Investment (p.j.s.c)'s earnings presentation, 2024
Slide 1: Dubai Investments PJSC H1 2024 Investor Presentation
DUBAI INVESTMENTS PJSC For the six-month period ended 30th June 2024 (“H1 2024”) Investor Presentation
Slide 2: Content
CONTENT Page 3 Dubai Investments Overview Page 10 Management Summary – H1 2024 Financial Highlights Page 17 Operational Performance by Business Segment – H1 2024 Page 21 Management Strategy & Outlook Page 23 Portfolio Information – Flagship Assets Page 27 Investor Relations Contacts and Awards Page
Slide 3: Dubai Investments Overview
Dubai Investments Overview 3
Slide 4: A Diversified Investment Company Listed on DFM
A Diversified Investment Company Listed on DFM Dubai Investments Overview – Total Assets of c. AED 21.8 billion with c. 15,500 shareholders A Glance at Dubai Investments Shareholders (June 2024) ESTABLISHMENT 11.5% Investment Corp. of Dubai OWNERSHIP TYPE 6.1% In 1995 as an on-shore Publicly listed
Slide 5: Board of Directors - A Well Seasoned and Experienced Team
Board of Directors - A Well Seasoned and Experienced Team Chairman – Abdulrahman Ghanem A. Al Mutaiwee Vice Chairman & CEO – Khalid Jassim Bin Kalban Mr. Abdulrahman Ghanem A. Al Mutaiwee is a high-ranking diplomat and has held senior Mr. Khalid Bin Kalban has extensive experience in Manufacturing &
Slide 6: Diversified Portfolio of Assets Across Property, Manufacturing and Investments
Diversified Portfolio of Assets Across Property, Manufacturing and Investments Total Assets 37% 8,018m AED 21.8 BN As at 30th June 2024 DUBAI INVESTMENTS Amounts in AED PARK DEV. COMPANY 18% 23% 5,091m DUBAI INVESTMENTS REAL ESTATE COMPANY 15.7 1.9 billion 4.2 3,935m TREASURY PORTFOLIO billion billi
Slide 7: Dubai Investments – A Diversified Portfolio of Investments
Dubai Investments – A Diversified Portfolio of Investments 7
Slide 8: 25+ Years of Building Businesses and Creating Shareholder Value
25+ Years of Building Businesses and Creating Shareholder Value Long-term investment approach in building underlying value for investors – provide the necessary strategic direction along with growth capital; exit businesses which have matured - enhance shareholder value through capital gains INVESTM
Slide 9: Consistent Dividend Paying Company
Consistent Dividend Paying Company Annual Dividends Paid (AED million) & Annual Dividend Per Shareholder Returns – DIC vs. DFMGI Index Share (AED) 250 1,200 0.220 0.200 200 1,000 0.170 75.6% 0.120 850 150 800 0.120 0.120 0.120 53.3% 0.125 0.120 0.100 0.100 0.080 600 100 532 510 510 0.070 486 486 425
Slide 10: Management Summary – H1 2024 Financial Highlights
Management Summary – H1 2024 Financial Highlights 10
Slide 11: H1 2024 – Financial Information
H1 2024 – Financial Information SUMMARY OF PROFITS AND LOSSES SUMMARY OF FINANCIAL POSITION (AED’ 000) H1 2024 H1 2023 (AED’ 000) 30th Jun 2024 31st Dec 2023 30th Jun 2023 for 6-month period ended 30th Jun Property, plant and equipment 1,429,971 1,486,999 1,494,538 Sales of goods and provision of se
Slide 12: H1 2024 – Financial Highlights: Well Capitalized and Profitable Company
H1 2024 – Financial Highlights: Well Capitalized and Profitable Company TOTAL INCOME EBITDA PROFIT ATT. TO EPS ROE* SHAREHOLDERS 2,030.0 552.6 409.2 0.10 6.1% AED million AED million AED million AED per share TOTAL ASSETS CASH/CASH NET DEBT *** EQUIT Y ATT. TO NET DEBT / TOTAL EQUIVALENTS & SHAREHOL
Slide 13: Key Messages: H1 2024
Key Messages: H1 2024 The Group reported a total income of AED 2,030.0 million as compared to AED 2,031.5 million for the same period during the prior year. The Group witnessed good demand for its real estate projects, resulting in an increase in sale of properties by AED 333.0 million in H1 2024
Slide 14: Evolution by Quarter: Rental Income remains key contributor to Total Income
Evolution by Quarter: Rental Income remains key contributor to Total Income Total Income and Rental Income (AED Million) EBITDA (AED Million) 701 1,725 211 1,238 1,019 1,013 1,107 983 968 258 761 786 253 792 283 305 275 312 239 225 239 253 237 267 241 209 207 246 188 196 552 579 1,514 744 794 774 71
Slide 15: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED Million) ( 47.5 ) ( 20.1 ) 27.2 3.2 ( 1.1 ) ( 308.3 ) 333.0 ( 19.2 ) 40.3 ( 9.0 ) 2,031.5 2,030.0 H1 2023 Sale of goods and Rental income Contract revenue Sale of properties Gain on FV of Gain/loss on FV of Gain on sale of Share of profit /
Slide 16: Growth in Assets & Liabilities due to Acquisitions & Growth in Real Estate Portfolio
Growth in Assets & Liabilities due to Acquisitions & Growth in Real Estate Portfolio Total Assets (AED Billion) Total Liabilities & Total Equity (AED Billion) 21.9 21.9 21.4 21.5 21.8 21.9 21.9 20.8 20.5 21.0 20.9 21.1 21.4 21.5 21.8 20.8 20.5 21.0 20.9 21.1 4.4 4.3 4.4 4.2 4.3 4.2 4.1 4.0 3.7 4.0 9
Slide 17: Operational Performance by Business Segment – H1 2024
Operational Performance by Business Segment – H1 2024 17
Slide 18: Property Segment – Development of Real Estate for Sale and Leasing
Property Segment – Development of Real Estate for Sale and Leasing Property Financial highlights The Group reported a total income of AED 1,278.5 million in H1 2024 Total Income (AED m) from this segment against AED 1,210.9 million reported during the 1,211 1,279 prior period. The increase was lar
Slide 19: Manufacturing Segment – Manufacturing, District Cooling, Healthcare and Education
Manufacturing Segment – Manufacturing, District Cooling, Healthcare and Education Manufacturing, Contracting & Services Financial highlights This segment witnessed a decline in total income of AED 37.3 in H1 Total Income (AED m) 928 2024 as compared to the prior period. As a result, total income d
Slide 20: Financial Inv. Segment – Strategic Interests in Associates & Financial Investments
Financial Inv. Segment – Strategic Interests in Associates & Financial Investments Financial Investments Financial highlights Total income from Investments segment declined marginally from Total Income (AED m) AED 204.1 million in H1 2023 to AED 172.2 million during H1 2024 204 172 As a result o
Slide 21: Management Strategy & Outlook
Management Strategy & Outlook 21
Slide 22: Management Strategy & Outlook: Generate Sustainable Cash Flows to Maximize Shareholder Returns
Management Strategy & Outlook: Generate Sustainable Cash Flows to Maximize Shareholder Returns Continue to generate steady income, backed by recurring cash flow & rental income streams Profitability Focus on monetizing real estate investment portfolio to deleverage the balance sheet Acquire su
Slide 23: Portfolio Information – Flagship Assets
Portfolio Information – Flagship Assets 23
Slide 24: Dubai Investment Park - A "City within a City"
Dubai Investment Park - A “City within a City” TOTAL AREA NET LEASE AREA 23 17 million m2 million m2 LEASED PLOTS INDUSTRIAL ~1,200 64% LEASED RESIDENTIAL 97% 29% H1 2024 TOTAL COMMERCIAL INCOME 433 7% AED million Note: Figures are rounded to the nearest decimal 24
Slide 25: Glass LLC – The Glass Pioneer in the Middle East
Glass LLC – The Glass Pioneer in the Middle East ESTABLISHED Subsidiaries 2006 FACILIT Y Key Projects (UAE & Global) ~45,000 Sqm. of Built-up Area PRODUCTION ~7.3Mn Dubai Airport T3 Abu Dhabi Index Tower Al Ain Stadium Sqm. (H1 24) (UAE) Airport (UAE) (UAE) T3 (UAE) EXPORTS ~40 Countries Nanyang Lyo
Slide 26: Danah Bay – "Pearl by the Bay"
Danah Bay – “Pearl by the Bay” TOTAL PROJECT AREA 90,000SQM BEACHES 40,000 SQM HOTEL 4-STAR UPPER SCALE LUXURY TOWNHOUSES & VILLAS 26
Slide 27: Investor Relations Contacts and Awards
Investor Relations Contacts and Awards 27
Slide 28: Investor Relations Contact
Investor Relations Contact Mushtaq Masood Group Chief Financial Officer Dubai Investments PJSC PO Box 28171 Dubai, UAE Phone +971 4 8122 400 Email mushtaq@dubaiinvestments.com www.dubaiinvestments.com Mohammed Al Shamsi Investor Relations Manager Phone +971 4 8122 400 Email mohammed.alshamsi@dubaiin
Slide 29: Key Events and Awards
Key Events and Awards EFG awarded with the Al Mal Capital REIT DIC launched a new prestigious green eco successfully raised residential project – the label award for AED 180 mn through Violet Tower valued at environmental rights issue AED 300 mn in the JVC contributions DIC breaks ground for Emirate
Slide 30: 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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