Dubai Taxi Co. Pjsc · DFM:DTC
Dubai Taxi Co. Pjsc — Dubai Taxi Company PJSC — 9M 2024 Earnings Presentation
21 slides from Dubai Taxi Co. Pjsc's earnings presentation, Sep 30, 2024
Slide 1: Earnings Presentation
Dubai Taxi Company PJSC Earnings Presentation For the nine-month period ended 30 September 2024
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
Slide 4: Key Highlights – 9M 2024
Key Highlights – 9M 2024 Solid operational and financial performance Revenue EBITDA Profit Before Tax AED 1,597 mn AED 432 mn AED 272 mn 13% YoY 20% YoY 2% YoY Fleet Size (1) Total Drivers (1) Total Trips (2) 8,793 17,731 35.5 mn 19% YoY 17% YoY 5% YoY Note: (1) Across all business lines as of 30 Se
Slide 5: Achieving New Milestones in Q3 2024
Achieving New Milestones in Q3 2024 Unlocking New Revenue Streams and Growing Market Share Growing Adjacent Segments • Awarded 300 new taxi plates by the RTA, • New bus contract awarded with private solidifying its position as Dubai’s largest taxi school as well as well as expansion of service opera
Slide 6: Unlocking Value with Bolt Partnership
Unlocking Value with Bolt Partnership Potential to create the UAE’s Largest e-Hailing Platform Landmark strategic partnership brings together DTC’s position as Dubai’s largest fleet owner with over 6,000 taxis and limousines and Bolt’s position 100% owned subsidiary as a leading global shared mobili
Slide 7: Business Overview & Strategy
Business Overview & Strategy
Slide 8: Dubai’s Flagship Mobility Company
Dubai’s Flagship Mobility Company Comprehensive mobility solutions across four key segments Taxi services through large eco-friendly fleet Limousine with Chauffeur-driven luxury vehicles School and commercial Bus services Last-mile delivery services Exclusive Pick-up locations Exclusive Pick-up loca
Slide 9: Capitalising on Favourable Macro Trends
Capitalising on Favourable Macro Trends Organic growth across all segments underpinned by favourable macro fundamentals Dubai Resident Population Growth Robust Economy and Record Infrastructure Spending (mn) The UAE's real GDP is projected to grow by 4.0% in 2024, rising to 5.1% in 2025, according t
Slide 10: Well-Defined Growth Strategy
Well-Defined Growth Strategy Organic fleet size and market share expansion of core Taxi and Limousine 1 segment Enhanced efficiency through technological adoption (e-hailing), economies 2 of scale, improved utilisation and fuel-efficient vehicles Expansion of Bus and Bike segments leveraging DTC rob
Slide 11: 9M 2024 Financial Review
9M 2024 Financial Review VVVVVVvvvverr
Slide 12: Financial Highlights
Financial Highlights Revenue (AED Million) EBITDA (AED Million) 13.0% EBITDA Margin 25.4% 27.1% 20.4% 25.3% 24.2% 11.0% 6.4% 1,597 1,414 432 359 457 507 116 123 Q3 23 Q3 24 9M 23 9M 24 Q3 23 Q3 24 9M 23 9M 24 Profit Before Tax (AED Million) Net CapEx (AED Million) Profit Before Tax Margin 18.9% 17.0
Slide 13: Growing Revenue Across all Segments
Growing Revenue Across all Segments Taxi (AED Million) Limousine (AED Million) Factors driving Revenue performance 87% of total revenue 6% of total revenue during the period: 2.9% 11.6% Taxi: Revenue increase driven by (3.6%) increased trips and trip lengths, 10.2% 86.6 89.1 supported by an expanded
Slide 14: Delivering Solid Gross Profit
Delivering Solid Gross Profit Taxi (AED Million) Limousine (AED Million) Factors driving Gross Profit performance 25.5% 23.8% 13.1% 18.8% during the period: 4.2% 47.1% Taxi: Higher revenue partially offset by 25.2% 22.5% 17.4% 17.5% increased staff cost, depreciation, insurance (1.4%) and license fe
Slide 15: Disciplined Cost Management
Disciplined Cost Management Total Operating Expenses Breakdown (AED Million) Commentary on operating expenses during the period: 1,304 33 • Staff costs represented the majority of 1,138 172 expenses during the period amounting 20 to 35% of total expenses, and 151 45 47 Other G&A increasing by 21% Yo
Slide 16: Attractive EBITDA Margin and Like-for-Like Net Profit Growth
Attractive EBITDA Margin and Like-for-Like Net Profit Growth EBITDA (AED Million) EBITDA Margin Factors driving EBITDA performance during the period: 27.1% 25.4% 5 2 • EBITDA increased 20% YoY to AED 432 5 million in 9M 2024, driven by strong top-line 24 growth across all segments as well as rationa
Slide 17: Healthy Balance Sheet
Healthy Balance Sheet Balance Sheet – 30 September 24 Net Debt (AED Million) Balance Sheet highlights during the Total: AED 2,098.7 million Net Debt / LTM EBITDA period: Other Assets 4% 3% Due to Related Parties Solid Balance Sheet: Significant cash Cash & Cash 1.1x 1.3x balance of AED 272 million a
Slide 18: Closing Remarks
Closing Remarks
Slide 19: 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 Expanding fleet size, Attractive Dividend growth coupled with the in Dubai by market share financial p
Slide 20: Q&A Session
Q&A Session
Slide 21: For enquiries, please contact Investor Relations
For enquiries, please contact Investor Relations: ir@dtc.gov.ae
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