Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — Q1 2024 Earnings Presentation
30 slides from Dubai Investment (p.j.s.c)'s earnings presentation, 2024
Slide 1: Dubai Investments PJSC
Dubai Investments PJSC For the three-month period ended 31st March 2024 (“Q1 2024”) Investor Presentation 1
Slide 2: Content
CONTENT Page 3 Dubai Investments Overview Page 10 Management Summary – Q1 2024 Financial Highlights Page 17 Operational Performance by Business Segment – Q1 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 21.5 billion with c. 15,500 shareholders A Glance at Dubai Investments Shareholders (March 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 36% 7,814m AED 21.5 BN As at 31st March 2024 DUBAI INVESTMENTS Amounts in AED PARK DEV. COMPANY 19% 23% 4,933m DUBAI INVESTMENTS REAL ESTATE COMPANY 15.3 1.9 billion 4.3 4,000m TREASURY PORTFOLIO billion bill
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 Monumen
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 75.6% 0.170 850 53.3% 0.120 800 150 0.120 0.120 0.120 0.125 0.120 0.100 0.100 600 0.080 100 532 0.070 510 510 486 486 400
Slide 10: Management Summary – Q1 2024 Financial Highlights
Management Summary – Q1 2024 Financial Highlights 10
Slide 11: Q1 2024 – Financial Information
Q1 2024 – Financial Information SUMMARY OF PROFITS AND LOSSES SUMMARY OF FINANCIAL POSITION (AED’ 000) Q1 2024 Q1 2023 (AED’ 000) 31st Mar 2024 31st Dec 2023 31st Mar 2023 for 3-month period ended 31st Mar Property, plant and equipment 1,463,421 1,486,999 1,557,437 Sales of goods and provision of se
Slide 12: Q1 2024 – Financial Highlights: Well Capitalized and Profitable Company
Q1 2024 – Financial Highlights: Well Capitalized and Profitable Company TOTAL INCOME EBITDA PROFIT ATT. TO EPS ROE* SHAREHOLDERS 791.9 240.5 120.0 0.028 3.5% AED million AED million AED million AED per share TOTAL ASSETS CASH/CASH NET DEBT *** EQUIT Y ATT. TO NET DEBT / TOTAL EQUIVALENTS & SHAREHOLD
Slide 13: Key Messages: Q1 2024
Key Messages: Q1 2024 ▪ The Group reported a total income of AED 791.9 million in Q1 2024 as compared to AED 1,018.8 million for the same period during the prior year. The Group recorded a one-off gain on fair valuation of investment properties of AED 251.4 million during the prior period. It should
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 1,019 1,013 1,107 983 968 761 786 225 253 792 267 283 305 275 239 239 253 237 241 209 207 246 188 196 552 579 1,514 744 794 774 715 854 546 Q1 Q
Slide 15: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED Million) ( 10.9 ) 21.0 ( 11.9 ) 32.4 ( 251.4 ) ( 14.6 ) ( 11.4 ) 15.9 5.1 ( 1.1 ) 1,018.8 791.9 Q1 2023 Sale of goods and provision Rental income Contract revenue Sale of properties Gain on FV of investment Gain/loss on FV of Gain on sale o
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 21.9 21.9 20.8 20.5 21.0 20.9 21.1 21.4 21.5 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 9.6 9.6 7.2 6.3
Slide 17: Operational Performance by Business Segment – Q1 2024
Operational Performance by Business Segment – Q1 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 439.5 million in Q1 2024 Total Income (AED m) from this segment against AED 635.7 million reported during the prior 636 period. The decrease in total income was
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 25.6 in Q1 Total Income (AED m) 2024 as compared to the prior period. As a result, total income 438 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 68.3 million in Q1 2023 to AED 63.1 million during Q1 2024 68 63 ▪ As a result of th
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 61% LEASED RESIDENTIAL 97% 31% Q1 2024 TOTAL COMMERCIAL INCOME 210 8% 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 ~3.7Mn Dubai Airport T3 Abu Dhabi Index Tower Al Ain Stadium Sqm. (Q1 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 Globalpharma launches DIC invested an equity Al Mal Capital REIT two new medicines at stake of 34.3% in Global successfully raised DUPHAT 2024 Fertility Partners (GFP), AED 180 mn through leading network of fertility rights issue & reproductive genetics centers EFG awarded with
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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