Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — H1 2018 Earnings Presentation
43 slides from Dubai Investment (p.j.s.c)'s earnings presentation, 2018
Slide 1: Dubai Investments PJSC 1H 2018 Investor Presentation
Dubai Investments PJSC 1H 2018 Investor Presentation
Slide 2: Content
Content Page 3 Management Summary Page 12 1H 2018 Financial Highlights Page 22 Q2 2018 Financial Highlights Page 26 Outlook & Guidance Page 30 Portfolio Information Page 43 Disclaimer – Forward Looking Statements 2
Slide 3: Management Summary
Management Summary Dubai Investments
Slide 4: Largest Listed Investment Company on DFM with Market Cap. of c. AED 8.6 Bn
Largest Listed Investment Company on DFM with Market Cap. of c. AED 8.6 Bn1 Dubai Investments Overview – Total Assets of over AED 19 billion with 16,900 shareholders Business Segments by Assets DI was established in 1995 as Shareholders (1H 2018) an onshore investment company; paid-in capital of I
Slide 5: 22 Years of Building Businesses and Creating Shareholder Value
22 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 2018
Slide 6: Significantly Outperformed both DFM Index and Real Estate Index
Significantly Outperformed both DFM Index and Real Estate Index Exchange Dubai Financial Market DI has been enhancing shareholder returns Symbol DFM:DIC ISIN AED000601016 600 Acquisition of Sector Investments & Financial Services Emirates Float Glass Acquisition of 59.66% Issued capital AED 4,252,01
Slide 7: Board of Directors
Board of Directors Chairman – Suhail Bin Fares Al Mazrui Suhail Bin Fares Al Mazrui holds a University Degree in Petroleum Engineering. He has a wide experience in Petroleum Engineering and executive experience in the Oil Industry. He is the former CEO of Abu Dhabi National Oil Company (ADNOC) as we
Slide 8: Diversified Portfolio of Assets, with a Focus on Real Estate
Diversified Portfolio of Assets, with a Focus on Real Estate Total Assets AED 19.0 BN 31.8% 6,101m As at 30th June 2018 Amounts in AED DUBAI INVESTMENTS 11.6% PARK DEV. COMPANY 2,237m 21.7% 4,163m 11.9 4.6 2.6 TREASURY PORTFOLIO billion billion billion & OTHER 24.2% 13.5% 62.3% 488m DUBAI INVESTMENT
Slide 9: 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 LEASED PLOTS INDUSTRIAL ~1,100 60% LEASED RESIDENTIAL 98% 32% 1H 2018 INCOME COMMERCIAL 396 8% AED million 9
Slide 10: Recognitions and Awards
Recognitions and Awards Khalid Bin Kalban received Top CEO Award Emicool won Emirates 2017 by Trends Energy Awards 2017 Magazine Emirates Float Glass won TechSource won award the Industrial for Top 10 Best IT Development Bureau companies to work in the Award UAE 10
Slide 11: Management Strategy: Generate Sustainable Cash Flows to Maximize Shareholder Returns
Management Strategy: Generate Sustainable Cash Flows to Maximize Shareholder Returns Investment in a broad range of industrial companies - greenfield to mature businesses Real estate & investment portfolio designed to perform through market cycles and generate a Diversification steady and sustai
Slide 12: 1H 2018 - Financial Highlights
1H 2018 - Financial Highlights
Slide 13: Key Messages – 1H 2018
Key Messages – 1H 2018 Total Income reached AED 1,579.9 million with a profit attributable to shareholders of AED 491.0 million for 1H 2018 as compared to 1H 2017 figure of AED 479.9 million. Inspite of the challenging Group Result economic environment the profitability has increased a 2.3% Tota
Slide 14: 1H 2018 – Financial Performance: Strong and profitable company
1H 2018 – Financial Performance: Strong and profitable company TOTAL INCOME TOTAL EXPENSES * EBITDA ATTRIBUTABLE EPS NET PROFIT 1,579.9 (1,164.5) 396.6 491.0 0.11 AED million AED million AED million AED million AED per share TOTAL ASSETS CASH TOTAL LIABILITES DEBT / EQUITY # ROE** 19.0 0.8 6.8 41.1%
Slide 15: 1H 2018 – Key Performance Indicators
1H 2018– Key Performance Indicators: Strong performance and profitability rations Income and earnings (AED m) 1H 2018 1H 2017 y-o-y (%) Total income 1,579.9 1,283.5 23.1% Total expenses* (1,164.5) (894.5) 30.2% Profit for the period 491.0 479.9 2.3% Attributable profit 468.3 454.9 3.0% EBITDA 396.6
Slide 16: Evolution by Quarter: Continuous growth on Rental Income
Evolution by Quarter: Continuous growth on Rental Income Total Income (AED m) Continuous growth 927.2 697.2 749.2 751.6 Rental Income represented 38.2% of Total Income during 586.3 652.8 Q2 2018 while it represented a 23.2% during Q1 2018 Rental Income represented 29.4% of Total Income during 1H
Slide 17: Rental income from DIP continues to remain robust
Rental income from DIP continues to remain robust Rental income (AED m) 249 230 235 232 217 220 224 220 207 215 199 187 188 214 173 165 195 196 183 190 186 186 151 145 180 181 143 172 164 159 162 154 150 139 123 130 13.8% 13.3% 15.7% 14.6% 5.6% 5.9% 4.0% 4.8% 6.0% 4.9% 1.6% (1.2%) (4.2%) (2.0%) 0.5%
Slide 18: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED m) 31.8 104.3 219.7 5.3 17.6 228.9 (4.8) (66.4) 1.7 (1.0) (222.3) (18.3) 1,579.9 1,283.5 1H 2017 Sale of goods Rental income Contract Sale of Fair valuation Sale of Sale of Fair valuation Dividend Share of profit Gain on fair Bargain 1H 201
Slide 19: Emicool additional 50% acquisition is adding AED 2.2 BN to total assets
Emicool additional 50% acquisition is adding AED 2.2 BN to total assets as well as AED 1.5 BN of debt Total Assets (AED bn) Total Liabilities & Equity (AED bn) 2.1 2.2 1.9 2.0 2.0 2.1 4.4 4.6 5.3 5.0 2.7 2.6 2.5 2.6 5.7 5.0 5.0 4.9 13.9 14.1 11.7 11.3 11.7 11.9 12.2 11.8 11.1 11.4 11.7 12.1 Q1 2017
Slide 20: DIC has maintained a disciplined approach to Asset Growth
DIC has maintained a disciplined approach to Asset Growth Total Assets (AED bn) 19.2 19.0 16.8 16.7 17.0 15.7 16.1 16.1 16.4 15.0 15.3 15.5 5.3 5.0 14.2 14.5 14.7 14.7 13.2 13.5 5.0 4.9 5.2 5.2 5.7 5.0 5.8 5.2 5.7 5.6 5.2 5.7 5.7 5.6 4.3 4.5 13.9 14.1 11.1 11.4 11.7 12.1 10.5 10.9 10.9 8.9 9.0 9.0 8
Slide 21: Balance Sheet Development since 31st December 2017
Balance Sheet Development since 31st December 2017 Total Assets (AED mn) 19,037.8 17,005.0 1,946.9 232.6 99.2 214.4 62.4 245.7 (39.0) (424.0) (2.0) (0.5) (40.5) (20.1) (47.1) (12.1) (183.2) Non-current Assets Current Assets Dec-17 PP&E Goodwill & Investment Investments Equity Rent Finance Inventorie
Slide 22: Q2 2018 - Financial Highlights
Q2 2018 - Financial Highlights
Slide 23: Q2 2018 – Financial Performance: Strong and profitable company
Q2 2018 – Financial Performance: Strong and profitable company TOTAL INCOME TOTAL EXPENSES * EBITDA ATTRIBUTABLE EPS NET PROFIT 652.8 (573.8) 212.9 129.1 0.03 AED million AED million AED million AED million AED per share TOTAL ASSETS CASH TOTAL LIABILITES DEBT / EQUITY # ROE** 19.0 0.8 6.8 41.1% 4.2
Slide 24: Q2 2018 – Key Performance Indicators
Q2 2018– Key Performance Indicators Income and earnings (AED m) Q2 2018 Q1 2018 Q2 2017 y-o-y (%) Total income 652.8 927.2 586.3 11.3% Total expenses* (573.8) (590.7) (441.7) Profit for the period 110.5 357.9 179.4 (38.4%) Attributable profit 129.1 361.9 190.9 (32.4%) EBITDA 212.9 183.7 180.4 18.1%
Slide 25: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED m) 18.3 14.1 7.2 110.8 - - - (22.9) (3.4) (47.5) (2.8) (7.3) 586.3 652.8 Jun-17 Sale of goods Rental income Contract Sale of Fair valuation Sale of Sale of Fair valuation Dividend Share of profit Gain on fair Bargain Jun-18 revenue properti
Slide 26: Outlook & Guidance
Outlook & Guidance Dubai Investments
Slide 27: Outlook and Guidance for FY 2018
Outlook and Guidance for FY 2018 Continue to generate steady income, backed by recurring cash flow streams with a high single to low double digit growth in net profitability Focus on monetizing available land bank to perform through the market cycles and enhance Total Income & revenues and profi
Slide 28: Financial Calendar
Financial Calendar Upcoming Events: 24-25 September 2018 Arqaam Conference 30 July 2018 BOD Meeting – (Q2 2018 results) 28
Slide 29: 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 30: Portfolio Information
Portfolio Information Dubai Investments
Slide 31: Dubai Investments Park – Industrial and Commercial
Dubai Investments Park – Industrial and 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”. Include
Slide 32: 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 accommodation. This comprises across several communities: • The Green Community - villas, townhouses, apartments • Ritaj - apartments • Dunes Village - ap
Slide 33: 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 34: 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 35: 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 36: 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 36
Slide 37: Masharie
Masharie Business Overview Investments in medium and large-sized companies operating in construction materials, contracting, interior design and related activities. During 2012, Masharie divested 5 entities operating in Aluminum sheet Aluminum extrusions for Aluminum design, production construction
Slide 38: Dubai Investments Industries
Dubai Investments Industries Business Overview DII is the greenfield investment arm of Dubai Investments across diversified industry sectors: Steel structure Overhead lifting solutions Polystyrene insulation manufacturing and maintenance board materials • Acquired 26.75% stake in King’s College Hosp
Slide 39: 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 40: Glass LLC
Glass LLC 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 S
Slide 41: 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 (50%:50%). Acquired additional 50% controlled
Slide 42: 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 ban
Slide 43: 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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