United Development Co. · QSE:UDCD
United Development — Q3 2019 Earnings Presentation
27 slides from United Development's earnings presentation, September 2019
Slide 1: United Development Company Q3 2019 Results
UNITED DEVELOPMENT COMPANY Q3 2019 Results September 2019
Slide 2: Table of Contents
Table of Contents Contents Page No. ▪ Overview of the Company 3 ▪ Board Members 4-6 ▪ Key Highlights 7 ▪ Share Information 8 ▪ Dividend Payout 9 ▪ Corporate Governance 10 ▪ Financial Performance 11 - 18 ▪ Business Segments Overview 19 ▪ Major Operating Assets 20 ▪ Key Projects 21 ▪ Additional Inform
Slide 3: Overview of United Development Company
Overview of United Development Company United Development Company (UDC) is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to Qatar’s growth and providing good shareholder value. Established in 1999, the Company was first listed o
Slide 4: Board of Directors
Board of Directors H.E. Mr. Turki bin Mohammed Al-Khater Chairman Mr. Abdulrahman Abdullah Al – Abdulghani Vice Chairman Mr. Ali Hussain Ibrahim Alfardan Board Member 4
Slide 5: Board of Directors Contd…
Board of Directors Contd… Mr. Abdulaziz Mohammed Hamad Al Mana Board Member Mr. Abdulrahman Saad Al-Shathri Board Member Mr. Nasser Jaralla Saeed Jaralla Al Marri Board Member 5
Slide 6: Board of Directors Contd…
Board of Directors Contd… H.E. Mr. Mubarak Ali Mubarak Al-Nuaimi Board Member H.E. Sheikh Faisal Bin Fahed Al Thani Board Member Mr. Ibrahim Jassim Al Othman Board Member & President & CEO 6
Slide 7: Key Highlights
Key Highlights 15th August 2019 24th July 2019 24th July 2019 UDC was presented with the United Development Company United Development Company “Best Employer Brand Award” signs agreement with QNB and announces financial results for The Commercial Bank to finance and the award for “Best HR the first
Slide 8: Share Information
Share Information Traded Vol. Traded Value Open Price High Price Low Price Closing Period @ (Mn.) (QAR Mn) (QAR) * (QAR) * (QAR) * Price (QAR)* Jan 2014 to Dec 2014 3,168.19 7,995.57 2.24 3.08 1.97 2.36 Share Data: Jan 2015 to Dec 2015 709.10 1,663.52 2.36 2.64 1.90 2.08 Jan 2016 to Dec 2016 572.48
Slide 9: Dividend Payout
Dividend Payout Cash Stock Private Year No. of Shares Dividend Cash Dividend Bonus Shares Right Issue Dividend % placement % 2004 50,000,000 - 2005 82,500,000 - 10% 5,000,000 27,500,000 2006 107,250,000 20.0% 214,500,000 30% 24,750,000 2007 107,250,000 25.0% 268,125,000 2008 107,250,000 35.0% 375,37
Slide 10: Corporate Governance
Corporate Governance As part of the compliance requirement of the Corporate Governance code for listed companies issued by Qatar Financial Markets Authority, UDC as a Qatari shareholding company listed on the Qatar Exchange is required to disclose the extent to which it complies with the provisions
Slide 11: Financial Performance
▪ Financial Results Financial Performance
Slide 12: Summary of Financials
Summary of Financials QAR Millions Key Figures 9M 2015 9M 2016 9M 2017 9M 2018 9M 2019 Revenue 1,230 1,312 1,543 1,288 1,332 Net Profit 620 484 482 416 343 Net Finance Cost 74 65 98 103 88 EBITDA 778 631 687 629 546 Total assets 19,036 18,636 18,229 18,294 18,545 Shareholders' equity 11,265 11,118 1
Slide 13: Financial Results
Financial Results Revenue for 9 Months (QAR Mn) Revenue for the Quarter (QAR Mn) 1,800 600 1,543 501 1,600 500 469 1,400 1,312 1,288 1,332 1,230 420 399 1,200 400 • The revenue from operating activities for 1,000 300 9M 2019 increased by 3% to QAR 1,332 Mn, 800 219 as compared to 9M 2018. The increa
Slide 14: Financial Results
Financial Results 9 Months EBITDA & Margin (QAR Mn) EBITDA & Margin for the Quarter (QAR Mn) 800 70% 300 60% 51% 53% 63% • EBITDA for 9M 2019 declined by 13% to 60% 250 50% 43% QAR 546 Mn as compared to 9M 2018 QAR 600 49% 36% 41% 50% 629 Mn. QoQ EBITDA declined by 18%. 48% 200 40% 45% 41% 40% • 9M
Slide 15: Financial Results
Financial Results Net Debt & Net Debt/Profit Financial Position Total Assets 6,000 7.35 20,000 6.36 18,000 25% 19% 20% 17% 14% 6.16 6.12 5,000 16,000 11,330 11,265 11,118 11,135 11,074 10% 13% 16% 6.13 8% 13% 14,000 2% 3% 4,000 12,000 7,771 7,518 7,410 7,220 19,036 6,899 18,636 18,545 18,294 18,229
Slide 16: Financial Results
Financial Results 2000 1800 1600 1400 Consolidated Debt Maturity Profile 1200 2,255 ➢ The debt for 9M 2019 amounts to QAR 3,474 Mn (Net of arrangement fees). 1000 ➢ Short Term Loans of QAR 1,219 Mn includes a debt of QAR 728 Mn to be 800 matured on 31st March 2020 which would be renewed. 600 1,219 4
Slide 17: Segmental Financial Results
Segmental Financial Results Urban Development Infrastructure & Utilities 1,000 905 350 324 319 833 300 800 250 600 200 400 343 150 282 100 73 62 200 50 - - 9M 2018 9M 2019 9M 2018 9M 2019 Revenue Profit Revenue Profit Hospitality & Leisure Others 20 17 18 160 135 15 140 128 10 120 5 100 - 80 (5) 60
Slide 18: Segmental Financial Results
Segmental Financial Results Revenue Breakdown (QAR Mn) % of Revenue Breakdown 905 1,000 833 900 800 10% 700 600 500 24% 324 319 400 300 200 135 128 68% 18 17 100 1% - 9M 2018 9M 2019 Urban Development Hospitality & Leisure Urban Development Hospitality & Leisure Infrastructure & Utilities Others Inf
Slide 19: Business Segments Overview
Business Segments Overview UDC business segment is driven by existing and ongoing real estate developments. Currently United Development Company (UDC) has different projects lined up which would ensure to maintain profitability targets and profit growth going forward. UDC’s main business strategy is
Slide 20: Major Operating Assets
Major Operating Assets Porto Arabia Retail & Residential Operations: The entire Porto Arabia district forms a single, mixed-use property development comprising residential apartments and townhouses, ample retail space, private marinas and ample parking. Income is generated from leasing of the variou
Slide 21: Key Projects
Key Projects Project Investment Value Gewan Island QR 2.9 Bill Giardino Mall QR 140 Mill UDC currently has an investment of Giardino Village – United School International QR 350 Mill approximately QAR 5.5 Bn in pipeline. Giardino Village – Infrastructure & Residential Development QR 340 Mill The tab
Slide 22: Additional Information
▪ Financial Results Additional Information
Slide 23: Major Subsidiaries: Qatar Cool
Major Subsidiaries Qatar Cool ➢ Qatar District Cooling Company (Qatar Cool) founding shareholders are the United Development Company PSC (UDC) (51%) and the National District Cooling Company (Tabreed) of the United Arab Emirates (44%) and other local prominent shareholders (5%). ➢ District cooling r
Slide 24: Major Subsidiaries: Madinainova
Major Subsidiaries Contd.. Madinainova ➢ Madinainova is as a single hub to attend to the needs of property owners and residents of The Pearl-Qatar and ensure that a superior quality lifestyle is delivered and experienced in terms of community management, facilities management and real estate registr
Slide 25: Major Subsidiaries: Ronautica Middle East (RME)
Major Subsidiaries Contd.. Ronautica Middle East (RME) ➢ Ronautica Middle East (RME) is well known in the region for providing dependable marina management and nautical services. ➢ In addition to developing and operating The Pearl- Qatar’s marina infrastructure, Ronautica expanded its water shuttle
Slide 26: Major Subsidiaries: Hospitality & Development Company
Major Subsidiaries Contd.. Hospitality & Development Company ➢ Hospitality Development Company is specialized in owning, developing & operating hospitality projects. ➢ HDC have managed to transform the Island into one of the most exclusive hospitality destinations in the region. Over the past 10 yea
Slide 27: Thank You
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