Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — H1 2020 Earnings Presentation
30 slides from Dubai Investment (p.j.s.c)'s earnings presentation, 2020
Slide 1: Dubai Investments PJSC H1 2020 Investor Presentation
Dubai Investments PJSC H1 2020 Investor Presentation
Slide 2: Content
CONTENT Page 3 Dubai Investments Overview Page 10 Management Summary – H1 2020 Financial Highlights Page 17 Operational Performance by Business Segment – H1 2020 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 Dubai Investments
Slide 4: A Diversified Investment Company Listed on DFM
A Diversified Investment Company Listed on DFM - Market Cap. of c. AED 4.8 Bn1 Dubai Investments Overview – Total Assets of over AED 21.5 billion with over 16,500 shareholders A Glance at Dubai Investments Shareholders (June 2020) ESTABLISHMENT OWNERSHIP TYPE 11.5% Investment Corporation of Dubai In
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 Mr. Khalid Bin Kalban has extensive experience in Manufacturing & Industrial
Slide 6: Diversified Portfolio of Assets Across Real Estate, Manufacturing and Services
Diversified Portfolio of Assets Across Real Estate, Manufacturing and Services Total Assets AED 21.5 BN 35% 7,497m As at 30th June 2020 Amounts in AED DUBAI INVESTMENTS 8% PARK DEV. COMPANY 1,752m 22% 4,671m 13.8 5.6 2.1 TREASURY PORTFOLIO billion billion billion & OTHER 26% 10% 64% 392m DUBAI INVES
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 of investees – provide the necessary strategic direction along with growth capital; exit businesses which have matured - enhance shareholder value through the capital gains 2019
Slide 9: Consistent Dividend Paying Company
Consistent Dividend Paying Company Shareholder Returns – DIC vs. DFMGI Index Dividends (AED million) and Dividend declared 900 14.0% 140 5% 750 12.0% 12.0% 12.0% 120 2.1% 10.0% 10.0% 10.0% 100 600 10.0% 80 (17.0%) 510 8.0% 450 486 458 60 425 425 6.0% 300 40 4.0% 20 150 2.0% 0 May-19 May-20 Feb-19 Ma
Slide 10: Management Summary – H1 2020 Financial Highlights
Management Summary – H1 2020 Financial Highlights
Slide 11: Key Messages – H1 2020
Key Messages – H1 2020 The Group reported total income of AED 1,137.2 million and net profits of AED 205.0 million (attributable to owners) for the half-year ended 30th June 2020. Total Income and net profit were lower mainly due to loss on FV of investments in H1 2020 and the decline in income fr
Slide 12: H1 2020 – Financial Highlights: Well Capitalized and Profitable Company
H1 2020 – Financial Highlights: Well Capitalized and Profitable Company TOTAL INCOME EBITDA ATTRIBUTABLE EPS ROE* NET PROFIT 1,137.2 462.5 205.0 0.05 3.5% AED million AED million AED million AED per share TOTAL ASSETS CASH & CASH NET DEBT # TOTAL ATT. NET DEBT / TOTAL EQUIVALENTS** EQUITY ATT. EQUIT
Slide 13: H1 2020 KPIs: Resilient performance with a healthy EBITDA despite COVID-19
H1 2020 KPIs: Resilient performance with a healthy EBITDA despite COVID-19 Income and Earnings (AED m) Consolidated Financials H1 2020 H1 2019 y-o-y (%) Total income 1,137.2 1,430.4 -20.50% Total expenses* (1,008) (1,144.1) 12.64% Net profit 205.0 353.2 -41.97% EBITDA 462.5 511.2 -9.53% EPS (AED) 0.
Slide 14: Evolution by Quarter: Rental Income Portfolio remains key contributor to Total Income
Evolution by Quarter: Rental Income Portfolio remains key contributor to Total Income Total Income and Rental Income (AED m) EBITDA (AED m) 927.2 472.0 841.3 215.2 652.8 705.9 724.5 691.3 758.3 672.3 317.6 323.4 316.8 343.4 235.8 625.1 225.4 237.9 217.4 231.7 464.8 211.5 222.5 215.2 249.1 226.6 189.
Slide 15: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED m) 7.5 12.6 (86.6) (31.3) (5.2) (109.8) (2.5) (14.1) (11.5) (52.3) 1,430.4 1,137.2 1H 2019 Sale of goods Rental income Contract Gain/(loss) on Gain/(loss) on Gain on sale of Gain on FV of Gain on FV of Bargain Others* 1H 2020 revenue FV of
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 bn) Total Liabilities & Total Equity (AED bn) 20.6 20.6 21.0 21.5 20.6 20.6 21.0 21.5 19.2 19.0 19.4 19.6 20.1 19.2 19.0 19.4 19.6 20.1 7.0 7.2 2.1 2.2 2.4 2.9 4.3 5.1 5.1 5.1 5.8 5.3 5.0 5.6 6.6 6
Slide 17: Operational Performance by Business Segment – H1 2020
Operational Performance by Business Segment – H1 2020
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 (June 2020) Total Income (AED m) Despite challenging conditions, Total Income from the Property segment remained resilient at AED 529.5 million. The decline of AED 47.2 million 1,158.6 1,143.5 from the
Slide 19: Manufacturing Segment – Manufacturing, District Cooling, Healthcare and Education
Manufacturing Segment – Manufacturing, District Cooling, Healthcare and Education Manufacturing, Contracting & Services Financial highlights (June 2020) Total Income (AED m) Total Income from the Manufacturing, Contracting & Services segment declined to AED 670.2 million in H1 2020 from AED 752.6
Slide 20: Financial Inv. Segment – Strategic Interests in Associates & Financial Investments
Financial Inv. Segment – Strategic Interests in Associates & Financial Investments Financial Investments Financial highlights (June 2020) Total Income (AED m) Total Income from Investments business segment was negative in H1 2020 (AED 62.6 million) as compared to AED 101.2 million in H1 2019 207.5
Slide 21: Management Strategy & Outlook
Management Strategy & Outlook
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 with growth in net profitability Profitability Focus on monetizing available land bank/Real Estate portfolio to gen
Slide 23: Portfolio Information – Flagship Assets
Portfolio Information – Flagship Assets
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 ~1,100 60% LEASED RESIDENTIAL 98% 32% H1 2020 RENTAL COMMERCIAL INCOME 375 8% AED million Note: Figures are rounded to the nearest decimal 24
Slide 25: Emicool – The Leading District Cooling Provider
Emicool – The Leading District Cooling Provider Mirdif ESTABLISHED Dubai Culture Village Jumeirah Bay 2003 Rose Bay CUSTOMERS ~20,000 Dubai Motor City EMPLOYEES Dubai Sports City ~250 Dubai Investment Park ZONES DWTC ~8 Zones Note: Figures are rounded to the nearest decimal 25
Slide 26: Glass LLC – The Glass Pioneer in the Middle East
Glass LLC – The Glass Pioneer in the Middle East ESTABLISHED Subsidiaries 1998 FACILITY Key Projects (UAE & Global) ~60,000 Sqm. PRODUCTION ~1.4 Mn Dubai Airport T3 Fairmont Hotel Index Tower Al Ain Stadium Sqm .Annually (UAE) (UAE) (UAE) (UAE) EXPORTS ~20 Countries Nanyang Lyons Langham Palace Novo
Slide 27: Investor Relations Contacts and Awards
Investor Relations Contacts and Awards
Slide 28: Investor Relations Contact
Investor Relations Contact Mushtaq Masood Maher Rabah Group Chief Financial Officer Investor Relations Dubai Investments PJSC Dubai Investments PJSC PO Box 28171 PO Box 28171 Dubai, UAE Dubai, UAE Phone +971 4 8122 400 Phone +971 4 8122 400 Email mushtaq@dubaiinvestments.com Email maher@dubaiinvestm
Slide 29: Key Financial Events and Awards
Key Financial Events and Awards Al Mal Capital Emicool and Total Dubai Investments PSC voted ‘UAE Solar Distributed won the “Impact of Asset Generation Investment Top Manager of the Inaugurate Solar Choice” at Arab Year’ at MENA System at DIP Investor Award Fund Manager Facility in Dubai Awards Duba
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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