Slide 1: Financial Results FY2015
FINANCIAL RESULTS FY2015 Depa Limited | May 2016
Slide 2: Disclaimer
DISCLAIMER This material contains certain statements that are “forward- looking” including management’s expectations and analysis. These statements are based on management’s current expectations and are naturally subject to uncertainty and changes in circumstances. Actual results may vary materially
Slide 3: Contents
CONTENTS § CEO’s Review § FY2015 Overview King Salman inaugurates KAPSARC § Backlog ▫ Top Projects ▫ New Projects ▫ Segmentation § Financials ▫ Overview Sheikh Khalifa Bin Zayed Al Nahyan Hospital ▫ Balance Sheet ▫ Cash Flow ▫ Revenue: Geographical Segmentation ▫ Revenue: Activity Segmentation Desig
Slide 4: CEO's Review
CEO’S REVIEW FY2015 Depa Limited 4
Slide 5: CEO's Review: Challenges, Strategy, Outlook
CEO’S REVIEW Challenges § Slowdown in Mena economy due to lower oil prices and other macroeconomic factors § Lack of liquidity in the market leading to project delays and collection issues § Clients intentionally delaying approval of variation orders and claims Hamish Tyrwhitt Group CEO / Executive
Slide 6: FY2015 Overview
FY2015 OVERVIEW FY2015 Depa Limited 6
Slide 7: FY2015 Overview: Revenue, Profit, Backlog
FY2015 OVERVIEW Figures in AED million Revenue FY2011 to FY2015 Revenue § Depa generated revenue of AED 1,641m in FY2015, FY2015 FY2014 down from AED 1,940m in FY2014 FY2013 § Decrease in revenue was mainly in Asia and Mena FY2012 region (ex-UAE) FY2011 § Major contributors to revenue in FY2015 were
Slide 8: FY2015 Overview: Balance Sheet and Net Cash Position
FY2015 OVERVIEW Figures in AED million Balance Sheet | Net Cash Position § Total Assets as at 31 Dec 2015 were AED 2,490m Net Cash Position FY2011 to FY2015 compared to AED 2,981m as at 31 Dec 2014 § Total Liabilities decreased from AED 1,492m at the end FY2015 FY2014 of FY2014 to AED 1,317m as at 3
Slide 9: Backlog
BACKLOG FY2015 Depa Limited 9
Slide 10: Backlog | Top Projects
BACKLOG | TOP PROJECTS S.N Project Name* Country Backlog (AED M) § Year end Backlog consists of 171 1 DS projects above AED 10 million [17 projects] Various 441 projects worth AED 2,103m, slightly 2 Private Yacht projects above AED 10 million [7 projects] Germany 374 increased from AED 2,083m at the
Slide 11: Backlog | New Projects
BACKLOG | NEW PROJECTS § In 2015, Depa’s subsidiaries signed 243 contracts worth AED 1,543m § Depa Interiors signed new contracts of AED 610m during the year that include many prestigious projects like the W Hotel and Alef Residences on the Palm Jumeirah in Dubai; the renovation of the historic Novo
Slide 12: Backlog | Segmentation
BACKLOG | SEGMENTATION Rebound of UAE / Hospitality Domination Figures in AED million Geographical Backlog Distribution FY2015 FY2014 UAE 793 559 1% 2% 14% Asia 568 660 23% 27% 1% Europe 418 344 38% FY FY GCC Ex-UAE 290 476 20% 2015 2014 North America 31 1 16% Africa 3 43 27% 32% Total 2,103 2,083 S
Slide 13: Financials
FINANCIALS FY2015 Depa Limited 13
Slide 14: Financials | Overview
FINANCIALS | OVERVIEW Selected Income Statement Figures Gross Profit Margin by Sector AED million FY 2015 FY 2014 FY 2013 FY 2015 Revenue 1,641 1,940 2,318 30% Gross Profit 117 259 187 20% Gross Profit Margin 7% 13% 8% 10% GPM 7% General & admin expenses (211) (194) (195) 0% % of Revenue 13% 10% 8%
Slide 15: Financials | Balance Sheet
FINANCIALS | BALANCE SHEET Selected Figures AED million Dec-15 Dec-14 Dec-13 Quick Ratio Dec-2015 Cash and Bank Balance 383 441 399 Dec-2014 Trade Receivables 449 527 574 Dec-2013 Unbilled Revenue 451 489 662 1.25 1.35 1.45 1.55 Total Current Assets 1,680 1,997 2,155 Current Ratio Total Assets 2,490
Slide 16: Financials | Cash Flow
FINANCIALS | CASH FLOW Selected Figures AED million FY 2015 FY 2014 FY 2013 Net Cash (used in) / generated from Operating Activities Net Cash (used in) / generated from 43 147 58 Operating Activities FY 2015 Net Cash (used in) / generated from (28) (17) (11) Investing Activities FY 2014 Net Cash (us
Slide 17: Financials | Revenue: Geographical Segmentation
FINANCIALS | REVENUE Geographical Segmentation Turnover by geographical segment Region FY2015 FY2014 Variance FY-2015 (AED million) Amount Percentage 2% 18% UAE 651 588 63 11% 40% Mena ex-UAE 215 404 (189) (47%) 13% Asia 435 549 (114) (21% 27% Europe 299 310 (11) (4%) FY-2014 Rest of the world 41 89
Slide 18: Financials | Revenue: Activity Segmentation
FINANCIALS | REVENUE Activity Segmentation Turnover by Activity segment Activity Segment FY 2015 FY 2014 Variance FY-2015 (AED million) Amount Percentage 3% Contracting 796 1,036 (240) (23%) 48% Manufacturing 801 866 (65) (8%) 49% Procurement 44 38 6 16% Total 1,641 1,940 (299) (15%) FY-2014 2% 45%
Slide 19: Thank You… Q & A Session
THANK YOU… Q & A SESSION