Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — Q3 2016 Earnings Presentation
41 slides from Dubai Investment (p.j.s.c)'s earnings presentation, 2016
Slide 1: Dubai Investments PJSC 3Q 2016 Investor Presentation
Dubai Investments PJSC 3Q 2016 Investor Presentation
Slide 2: Content
Content Page 3 Management Summary Page 10 Third Quarter 2016 Financial Highlights Page 23 Outlook & Guidance Page 28 Portfolio Information Page 38 Disclaimer – Forward Looking Statements 2
Slide 3: Management Summary
Management Summary y Jlohik_w i CUD DUBAI INVESTMENTS.
Slide 4: Dubai Investments is a real estate and investment company
Dubai Investments is a real estate and investment company Three core business segments (Asset mix %) (at 30 September 2016) Investments Manufacturing 20% & Contracting 19% 16 AED billion Property 61% Consistently growing Asset Base (AED bn) § DIC was established in 1995 as an onshore 15.6 15.7 16.1
Slide 5: Dubai Investments Company History & Milestone
Dubai Investments Company History & Milestone 2016 1999 2006 KCH Healthcare Masharie MODUL 1998 Emirates Float Glass Globalpharma Palisades Development Dubai Real Estate Investments 2015 Dubai Investments Park Al Mal Capital 1997 2003 Emirates Glass EMICOOL 2008 Emirates Building Systems Lumiglass T
Slide 6: Dubai Investments - Share Information
Dubai Investments - Share Information Fundamental Information Share Price Development vs Book Value Per Share (AED) Exchange Dubai Financial Market 3.50 Symbol: DFM:DIC 3.00 ISIN AED000601016 2.50 Sector Investments & Financial Services 2.00 2015 Dividend 12% Cash Authorized capital AED 4,049,452,64
Slide 7: Flagship asset: Dubai Investments Park - a “City within a City”
Flagship asset: Dubai Investments Park - a “City within a City” TOTAL AREA NET LEASE AREA 23 17 million m2 million m2 TENANTS INDUSTRIAL ~1,000 65% LEASED RESIDENTIAL 97% 25% YTD INCOME COMMERCIAL 552 10% AED million 7
Slide 8: Dubai Investments – Portfolio Snapshot
Dubai Investments – Portfolio Snapshot As of 30 Sept 2016 33.0% 5,294m DUBAI INVESTMENTS PARK 399m 2.5% AL MAL CAPITAL 20.7% 3,325m 9.7 3.1 3.2 billion billion DUBAI INVESTMENTS billion 20.7% 17.5% REAL ESTATE COMPANY 61.8% 2,417m 15.1% 3.0% 485m MANUFACTURING & INVESTMENTS CONTRACTING Equity & Fixe
Slide 9: Management Strategy
Management Strategy § Investment in a broad range of companies (greenfield to mature businesses) Diversification § Real estate & investment portfolio designed to perform through market cycles § Launch healthcare and education sector funds § Synergistic investment portfolio across industry value chai
Slide 10: Third Quarter 2016 - Financial Highlights
Third Quarter 2016 - Financial Highlights
Slide 11: Key Messages – 3Q 2016
Key Messages – 3Q 2016 § Another strong set of results in the third quarter 2016. Group Result § Assets have reached AED 16 billion § Assets continue to perform well Portfolio § Consistent growth in rental income § Improved performance in the manufacturing and contracting sectors § We began to inves
Slide 12: 9M 2016 Key Performance Indicators
9M 2016 Key Performance Indicators Income and earnings (AED m) 9M 16 9M 15 y-o-y (%) Total income 2,186.0 1,861.2 17.5% Total expenses (1,342.9) (1,094.3) 22.7% Profit for the period 843.1 766.9 9.9% Attributable profit 850.3 751.7 13.1% EBITDA 945.7 865.9 9.2% EPS (AED) 0.210 0.186 13.1% 12
Slide 13: 3Q 2016 Financial Performance at a glance
3Q 2016 Financial Performance at a glance REVENUES EXPENSES EBITDA NET PROFIT EPS 814 (474) 376 334 0.08 AED million AED million AED million AED million AED per share TOTAL ASSETS CASH TOTAL LIABILITES DEBT / EQUITY ROE 16 1.1 4.4 24.9% 11.7% AED billion AED billion AED billion 13
Slide 14: 3Q 2016 Key Performance Indicators
3Q 2016 Key Performance Indicators Income and earnings (AED m) 3Q 16 2Q 16 3Q15 q-o-q (%) y-o-y (%) Total income 814.3 657.0 701.1 24% 16% Total expenses (474.1) (445.7) (435.7) -6% -9% Profit for the period 340.2 211.3 265.4 61% 28% Attributable profit 334.4 218.4 246.1 53% 36% EBITDA 376.0 251.2 3
Slide 15: Strong performance driven mainly by rental income
Strong performance driven mainly by rental income Total income (AED m) Total Expenses (AED m) -472.2 -474.1 810.5 814.3 701.1 714.7 657.0 -445.7 -435.7 -423.1 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 …of which Rental Income (AED m) Attributable profit (AED m) 2
Slide 16: 9M 2016 Total Income Movement Year-on-year
9M 2016 Total Income Movement Year-on-year Total Income Bridge (AED m) 191 2,186 22 67 52 (7) ( 25 ) 113 ( 28 ) ( 11 ) ( 20 ) 1,861 ( 30 ) 9M 2015 Sale of Rental Contract Sale of Gain on FV Loss on FV Gain on Gain on Profit Share Dividend Gain on 9M 2016 goods and income revenue properties investmen
Slide 17: Continued Strong Growth in Rental Income
Continued Strong Growth in Rental Income Rental income (AED m) 230 217 199 207 187 188 173 165 151 145 141 143 130 134 122 183 190 164 159 162 172 154 150 124 139 130 121 109 115 123 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 20
Slide 18: Balance Sheet development
Balance Sheet development Total Assets (AED m) Total Liabilities & Equity (AED m) 5.2 5.6 5.6 11.0 10.7 10.1 10.9 9.1 9.7 1.7 1.6 1.6 2.7 2.5 2.5 30 Jun 15 31 Dec 15 30 Jun 16 30 Jun 16 31 Dec 15 30 Jun 15 Non-current assets Current assets Current liabilities Non-current liabilities Shareholders' eq
Slide 19: Balance Sheet Development since 31 December 2015
Balance Sheet Development since 31 December 2015 Total Non-Current Assets (AED m) 10,893 1,275 401 1 ( 19 ) ( 98 ) ( 229 ) 5 ( 54 ) 9,661 (1) ( 39 ) 31-Dec-15 Property, plant Goodwill and Investment Investments at Investment in Rent receivable Finance lease Inventories Trade Other 30-Sep and equipme
Slide 20: Balance Sheet Development since 31 December 2015
Balance Sheet Development since 31 December 2015 Total Current Assets (AED m) 5,593 196 38 ( 303 87 5,158 ( 58 ) ( 396 ) 31-Dec-15 Inventories Investments at fair Trade receivables Due from related Cash at bank and in Assets held for sale 30-Sep-16 value through profit or parties and other hand loss
Slide 21: DIC has maintained a disciplined approach to asset growth
DIC has maintained a disciplined approach to asset growth Total Assets Growth (AED bn) 5.2 5.2 5.6 5.8 5.7 5.7 5.6 5.7 4.5 5.2 4.3 10.5 10.9 8.9 9.0 9.0 8.8 9.0 9.1 9.3 9.7 9.7 1Q 14 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 3Q 16 Total non-current assets Total current assets 21
Slide 22: Low Leverage Structure
Low Leverage Structure Total debt (AED bn) Debt/equity (%) 2.9 2.9 2.8 2.7 2.8 2.7 27.5% 2.5 2.6 2.6 2.3 2.1 2.2 2.2 2.1 25.7% 25.7% 25.9% 2.0 24.9% 24.1% 24.4% 24.6% 23.9% 23.8% 23.4% 23.2% 22.4% 20.9% 20.9% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 1
Slide 23: Outlook & Guidance
Outlook & Guidance ) Jlohik_w i CUD DUBAI INVESTMENTS.
Slide 24: Outlook & Guidance for FY 2016
Outlook & Guidance for FY 2016 Total Income § Generate double digit growth Total Expenses § Maintain single digit expense growth in line with income growth Net Profit § High single digit to low double digit growth ROE § Target: ROE of 10% Dividend § Maintain attractive return profile for shareholder
Slide 25: Financial Calendar
Financial Calendar Upcoming Events: 14 November 2016 Bank of America Merrill Lynch Conference, Dubai ? 21 December 2016 Board Meeting (tentative) 25
Slide 26: 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 26
Slide 27: Investor Relations Contact
Investor Relations Contact Maher Rabah Investor Relations Dubai Investments PJSC PO Box 28171 Dubai, UAE Phone +971 4 8122 400 Email maher@dubaiinvestments.com www.dubaiinvestments.com 27
Slide 28: Portfolio Information
Portfolio Information y Jlohik_w i CUD DUBAI INVESTMENTS.
Slide 29: Dubai Investments Park - Industrial & Commercial
Dubai Investments Park - Industrial & Commercial Business Overview Dubai Investments Park (DIP) is a self-contained mixed-use industrial, commercial and residential complex. Spread over a total area of 2,300 hectares, DIP is based on a pioneering concept of creating a “city within a city”. Includes
Slide 30: Dubai Investments Park – Residential
Dubai Investments Park – Residential Business Overview DIP residential areas offer a variety of options from high-end residential living to staff accomodation. This comprises across several communities: • The Green Community - villas, townhouses, apartments • Ritaj - apartments • Dunes Village - apa
Slide 31: Properties Investment
Properties Investment Business Overview Properties Investments is involved in investment in, and development of, real estate properties and has developed prestigious residential and recreational projects such as the Green Community and Courtyard Marriott in DIP. Properties Investments was formed in
Slide 32: Dubai Investments Real Estate Company – Ritaj
Dubai Investments Real Estate Company – Ritaj Ritaj residential community Location: Dubai Investments Park Size: 2.58 million square feet Objects: 11 residential blocks 1,343 studio apartments 447 one bedroom apartments 194 two bedroom apartments 40 three bedroom apartments The low rise community al
Slide 33: Dubai Investments Real Estate Company – Mirdif Hills
Dubai Investments Real Estate Company – Mirdif Hills Mirdif Hills is a 3.9 million sqft mixed-use residential, commercial, hotel and retail project under development Development Overview • Mushrif Park, Mirdif, Dubai • Freehold plot 949,999 sqft • 993 residential apartments and 66 serviced apartment
Slide 34: Al Taif Investment
Al Taif Investment Business Overview Currently working to develop an AED 460 million mixed-use commercial and residential project in Fujairah Partnership between Dubai Investments and Government of Fujairah Business Overview 60% Dubai Investments 40% Government of Fujairah 34
Slide 35: Masharie
Masharie Business Overview Investments in medium and large-sized companies operating in construction materials, contracting, interior design and related activities. Aluminum sheet Aluminum extrusions for Aluminum design, production construction and manufacturing and Ownership industrial sector insta
Slide 36: Dubai Investments Industries
Dubai Investments Industries Business Overview DII is the greenfield investment arm of Dubai Investments across diversified industry sectors • Divested 66% of Global Pharma in 2015 Steel structure Overhead lifting Polystyrene insulation manufacturing solutions and board materials • In the process of
Slide 37: Emirates Building Systems
Emirates Building Systems Business Overview Leading manufacturer of steel structures in the UAE with offices in other GCC countries, Pakistan, Bangladesh and United States. Manufactures hot rolled structures, pre-engineered buildings, aluminum and steel sheeting, insulated panels, building accessori
Slide 38: Glass
Glass Business Overview Premium quality glass solutions from float glass manufacturing of high end architectural glass and float laminated glass Five subsidiaries: Emirates Float Glass UAE’s largest float glass facility with capacity of 600t of glass per day Emirates Glass Architectural glass Saudi
Slide 39: Emicool
Emicool Business Overview Emicool is a B2B and B2C district cooling company that provides clean, efficient and innovative solutions to a number of communities in the UAE. Established in 2003 as joint venture between Dubai Investments and Union Properties. Ownership 50% Dubai Investments 50% Union Pr
Slide 40: Al Mal Capital
Al Mal Capital Business Overview Al Mal Capital, founded in 2005, is a diversified, multi-line investment banking firm headquartered in Dubai. Licensed and regulated by the UAE Central Bank, Al Mal Capital offers a wide range of investment products spread across its business lines of investment bank
Slide 41: 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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