Dubai Taxi Co. Pjsc · DFM:DTC
Dubai Taxi Co. Pjsc — Dubai Taxi Company PJSC — Q1 2025 Earnings Presentation
22 slides from Dubai Taxi Co. Pjsc's earnings presentation, 2025
Slide 1: DTC Earnings Presentation
DTC EARNINGS PRESENTATION For the first quarter ended 31 March 2025 1
Slide 2: Disclaimer
DISCLAIMER Dubai Taxi Company PJSC (“DTC” or the “Company”) has prepared this presentation (“Presentation”). DTC bases its information on sources considered reliable; however, it does not assure its accuracy or completeness. While this presentation may contain projections and forward-looking stateme
Slide 3: Agenda
AGENDA 1 Key Highlights 2 Business Overview and Strategy 3 Financial Review 4 Closing Remarks 5 Q&A 3
Slide 4: Key Highlights in Q1 2025
KEY HIGHLIGHTS IN Q1 2025 250 additional fully electric taxis in Q1, bringing the total operational fleet Expanding to more than 6,200 taxis Fleet Size and Bolt added 700 airport taxis to its platform as part of its partnership Offering with Dubai Taxi Company to serve Dubai Airports Unlocking Exclu
Slide 5: Key Metrics – Q1 2025
KEY METRICS – Q1 2025 Strong operational and Revenue EBITDA Net Profit financial performance AED AED AED 588 154 84 mn mn mn 5% 7% -9% 4% -23% -2% Reported LFL Reported LFL Reported LFL Fleet Size (1) Total Drivers (1) Total Trips (2) 9,872 18,869 12.8 mn 26% YoY 18% YoY 8% YoY Note: (1) Across all
Slide 6: Robust Operational Performance
ROBUST OPERATIONAL PERFORMANCE Fleet Size Number of Trips (Million)1 9,872 12.8 7,838 1,993 6,847 1,008 1,132 299 537 945 1,127 387 387 11.8 6,210 5,216 5,316 10.9 Q1 23 Q1 24 Q1 25 Q1 23 Q1 24 Q1 25 Taxi Limousine Bus Delivery Bike Steady fleet expansion across all vehicle segments, Consistent grow
Slide 7: Business Overview & Strategy
BUSINESS OVERVIEW & STRATEGY 7
Slide 8: Capitalising on Favourable Macro Trends
CAPITALISING ON FAVOURABLE MACRO TRENDS Organic growth across all segments underpinned by favourable macro fundamentals Robust Macroeconomic Outlook Leading Tourist Destination with World’s Busiest Airport Dubai welcomed 5.31 million international tourists in Q1 2025, an increase of 3% YoY. Dubai Ai
Slide 9: Bold New Strategy Enabling an Ambitious Vision
BOLD NEW STRATEGY ENABLING AN AMBITIOUS VISION Vision The preferred mobility choice for everyone Mission Leading in digital and safe mobility services that meet communities’ needs for convenience, connectivity, and sustainability Strategic Objectives 01. 02. 03. 04. 05. 06. Ensure sustainable growth
Slide 10: Clearly Defined Opportunities
CLEARLY DEFINED OPPORTUNITIES Business Verticals and Strategic Opportunities Taxi Limousine Bus Delivery Digital Additional plates Fleet increases Optimise operations Double down on market Bolt e-hailing platform (with potential restructuring) share Optimise operations Digital channel growth Loyalty
Slide 11: Unlocking Value with Bolt Partnership
UNLOCKING VALUE WITH BOLT PARTNERSHIP Ongoing improvement in operational performance App Downloads Cars Registered Fleet Partners 279k 14.6k 267 Bolt completed its first full quarter as DTC strategic partner following the Average ETA December launch, marked by solid execution and progress across key
Slide 12: Q1 2025 Financial Review
Q1 2025 ei FINANCIAL REVIEW ©
Slide 13: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue EBITDA AED million AED million 4.0% 7.1% 30.4% 26.3% 29.6% % ∆ YoY % ∆ YoY Margin 597.7 5.4% 176.8 -9.1% 154.4 558.4 588.3 169.9 Q1 24 Q1 25 Q1 24 Q1 25 Net Profit Net CapEx AED million -1.7% AED million 19.3% 14.2% 17.8% 166.9% % ∆ YoY % ∆ YoY Margin -22.6% 106.2 108.0
Slide 14: Growing Revenue Across Segments
GROWING REVENUE ACROSS SEGMENTS Taxi Limousine Factors driving Revenue 86% CONTRIBUTION 6% CONTRIBUTION performance during the period: AED million AED million 7.5% 2.7% Taxi Revenue increase driven by the expansion of our fleet, which enabled higher service capacity, while maintaining strong utilisa
Slide 15: Delivering Solid Core Gross Profit
DELIVERING SOLID CORE GROSS PROFIT Taxi Limousine Factors driving Gross Profit AED million AED million performance during the period: 26.5% 28.3% 24.1% 13.0% 14.6% -44.5% Taxi Improved profitability resulted primarily from lower fuel prices during current period 127.2 145.7 8.1 4.5 Limousine Q1 24 Q
Slide 16: Disciplined Cost Management
DISCIPLINED COST MANAGEMENT Total Operating Expenses Breakdown Commentary on operating AED million expenses during the period: 482 Staff costs 18 Represented the majority of expenses during the year 433 Other G&A amounting to 36% of total expenses, and increasing by 8 69 Other Direct costs 1% YoY dr
Slide 17: Resilient Operational Fundamentals Despite Short Term Pressure
RESILIENT OPERATIONAL FUNDAMENTALS DESPITE SHORT TERM PRESSURE Factors driving EBITDA EBITDA performance during the period: EBITDA Margin AED million 30.4% 30 EBITDA decreased 9% YoY to AED 154 million in Q1 2025, 26.3% 170 driven by net loss from Connectech’s strategically (26) 11 154 (13) (3) 1 2
Slide 18: Healthy Balance Sheet
HEALTHY BALANCE SHEET Balance Sheet – 31 March 2025 Net Debt Balance Sheet highlights during AED million the period: Total: AED 2,498.0 million Net Debt / LTM EBITDA Other 9% Solid Balance Sheet Due to Related 14% Parties Significant cash balance of AED 287 million as at 31 Cash & Cash 1.1x 1.1x 1.2
Slide 19: Closing Remarks
CLOSING REMARKS 19
Slide 20: Summary
SUMMARY Positive Macro Clear market Robust Financial Multiple Strategic Attractive Environment Leadership Performance Levers Dividend Population and tourism Number 1 Taxi operator Delivering robust New strategy launched Attractive Dividend growth coupled with the in Dubai by market share financial p
Slide 21: Q&A Session
Q&A SESSION 21
Slide 22: For enquiries, please contact Investor Relations
For enquiries, please contact Investor Relations ir@dtc.gov.ae 22
Dubai Taxi Company PJSC — Q1 2025 Earnings Presentation on 6ix