National Central Cooling Co. (p.s.c.) (tabreed) · DFM:TABREED
National Central Cooling Co. (p.s.c.) (tabreed) — National Central Cooling Company (PJSC) — Q1 2017 Earnings Presentation
15 slides from National Central Cooling Co. (p.s.c.) (tabreed)'s earnings presentation, May 9, 2017
Slide 1: Q1 2017 Earnings Call
Q1 2017 Earnings Call 9 May 2017 NATIONAL CENTRAL COOLING COMPANY (PJSC)
Slide 2: Disclaimer
Disclaimer • These materials have been prepared by and are the sole responsibility of the • The merits or suitability of any securities to any investor's particular situation should National Central Cooling Company PJSC, ‘Tabreed’ (the “Company”). These be independently determined by such investor.
Slide 3: Agenda
Agenda A | Introduction and Performance Highlights – Jasim Thabet, CEO B | Financial Results – Steve Ridlington, CFO C | Conclusion – Jasim Thabet, CEO NATIONAL CENTRAL COOLING COMPANY (PJSC)
Slide 4: A positive start to 2017
4 Tabreed – Q1 2017 earnings call A positive start to 2017 New Board, • Shareholders elected a new Board during the Annual General Assembly in March 2017 Chairman and • 4 new Board members with 5 of the previous Board retained Vice Chairman • Khalid Al Qubaisi has been elected by the Board as the Ch
Slide 5: Tabreed at a glance
5 Tabreed – Q1 2017 earnings call Tabreed at a glance One of the world’s largest district cooling companies Over 71 1m RT Equivalent to cooling plants in 5 countries delivered to clients 100 towers the size of Burj Khalifa Environmentally responsible operations reducing green house gas emissions 1.4
Slide 6: The only listed DC Company and operating across the region
6 Tabreed – Q1 2017 earnings call The only listed DC Company and operating across the region 5 GCC Countries | 71 Plants | over 1m tons of cooling • Only listed DC company in GCC markets • Uniform utility infrastructure model implemented across GCC • Long term contracts underpinning stability of ear
Slide 7: Headline Performance
7 Tabreed – Q1 2017 earnings call Headline Performance • Providing over 1m RT of cooling across GCC– growing 8% annually since 2014 UAE Govt +8% p.a. Group Connected Capacity Long-term 950 977 1,068 • Consolidated capacity increase of 3% p.a and equity accounted capacity of 22% p.a. 852 contracts wi
Slide 8: Agenda
Agenda A | Introduction and Performance Highlights – Jasim Thabet, CEO B | Financial Results – Steve Ridlington, CFO C | Conclusion – Jasim Thabet, CEO NATIONAL CENTRAL COOLING COMPANY (PJSC)
Slide 9: Financial Highlights: Income Statement
9 Tabreed – Q1 2017 earnings call Financial Highlights Income Statement Consolidated Financials (AED m) Q1 2017 Q1 2016 Variance % Revenue 270 256 15 +6% Chilled water revenue (96%) 255 222 33 +15% Value chain businesses (4%) 15 33 (18) -55% Operating cost (128) (125) (3) +2% Gross Profit 143 131 12
Slide 10: Financial Highlights: Financial Position
10 Tabreed – Q1 2017 earnings call Financial Highlights Financial Position Consolidated Financials (AED m) 2017 2016 Variance % Fixed Assets 6,954 6,977 (22) -0% Associates and Joint Ventures 836 826 10 +1% Accounts Receivable 478 409 69 +17% Cash and Short Term Deposits 258 390 (132) -34% Other Ass
Slide 11: Financial Highlights: Cash flow Statement
11 Tabreed – Q1 2017 earnings call Financial Highlights Cash flow Statement Consolidated Financials (AED m) Q1 2017 Q1 2016 Variance % Profit from Operations 93 78 15 +20% Finance lease amortization 14 16 (3) -17% Depreciation 34 31 4 +11% Working capital and other adjustments (65) (28) (38) +136% N
Slide 12: Debt portfolio adequately hedged against interest rate increases
12 Tabreed – Q1 2017 earnings call Debt portfolio adequately hedged against interest rate increases • Tabreed’s current gearing is 44% (debt: debt + equity), approaching global utility peers • 95% of debt is denominated in AED, with the balance in USD and OR, in line with cash flow generation profil
Slide 13: Agenda
Agenda A | Introduction and Performance Highlights – Jasim Thabet, CEO B | Financial Results – Steve Ridlington, CFO C | Conclusion – Jasim Thabet, CEO NATIONAL CENTRAL COOLING COMPANY (PJSC)
Slide 14: Unique GCC-wide infrastructure assets company
14 Tabreed – Q1 2017 earnings call Unique GCC-wide infrastructure assets company • District Cooling is a critical part of the growing GCC infrastructure Why District • District Cooling is 50% more efficient in consuming electricity than conventional cooling reducing energy consumption, carbon Coolin
Slide 15: Contact us
Contact us Faisal Tahir Bhatti Ahmed Al Nowais Investor Relations Communications Tel: +971 2 2020336 Tel: +971 2 2020333 Email: FBhatti@tabreed.ae Email: AAlnowais@tabreed.ae Management looks forward to engaging with shareholders and investors at the following 2017 events DFM International Roadshow,
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