Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — Q2 2017 Earnings Presentation
42 slides from Dubai Investment (p.j.s.c)'s earnings presentation, 2017
Slide 1: Dubai Investments PJSC Q2 2017 Investor Presentation
Dubai Investments PJSC Q2 2017 Investor Presentation
Slide 2: Content
Content Page 3 Management Summary Page 11 1H 2017 Financial Highlights Page 21 Q2 2017 Financial Highlights Page 25 Outlook & Guidance Page 29 Portfolio Information Page 42 Disclaimer – Forward Looking Statements 2
Slide 3: Management Summary
Management Summary tae MENTS DUBAI INVESTMENTS
Slide 4: Largest Listed Investment Company on DFM with Market Cap. of c. AED 10 Bn
Largest Listed Investment Company on DFM with Market Cap. of c. AED 10 Bn Dubai Investments Overview – Total Assets of over AED 16 billion with 17,500 shareholders DI was established in 1995 as an onshore investment company; Shareholders Business Segments by Assets (Q2 2017) paid-in capital of appro
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 2016
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 600 Acquisition of 59.66% Stake in Al Mal ISIN AED000601016 Capital PSC Sector Investments & Financial Services Acquisition of Emirates Float Issue
Slide 7: Board of Directors
Board of Directors Chairman – Suhail Bin Fares Al Mazrui Director – Mohamed Saif Darwhish Ahmed Al Ketbi Suhail Bin Fares Al Mazrui holds a University Degree in Petroleum Engineering. Mohamed Al Ketbi has a degree in Business Administration majoring in Business He has a wide experience in Petroleum
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 16.4 BN 34.3% 5,631m As at 30th June 2017 Amounts in AED DUBAI INVESTMENTS 12.2% PARK DEV. COMPANY 21.8% 3,581m 10.8 3.0 2.6 2,003m TREASURY PORTFOLIO billion billion billion & OTHER 17.8% 16.3% 65.9% 655m 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 ~1,000 60% LEASED RESIDENTIAL 98% 32% 1H 2017 INCOME COMMERCIAL 381 8% AED million 9
Slide 10: 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 Diversification Real estate & investment portfolio designed to perform through market cycles and generate a steady and sustainabl
Slide 11: 1H 2017 - Financial Highlights
1H 2017 - Financial Highlights
Slide 12: Key Messages – 1H 2017
Key Messages – 1H 2017 Total income reach AED 1283.4 million backed by continued growth in rental income as well as gain in fair valuation of investment properties Group Result Inspite of the challenging economic environment, the company recorded good revenues from manufacturing and contracting busi
Slide 13: 1H 2017 – Financial Performance: Strong and profitable company
1H 2017 – Financial Performance: Strong and profitable company TOTAL INCOME TOTAL EXPENSES * EBITDA ATTRIBUTABLE EPS NET PROFIT 1,283.5 (894.5) 330.3 479.9 0.11 AED million AED million AED million AED million AED per share TOTAL ASSETS CASH TOTAL LIABILITES DEBT / EQUITY # ROE 16.4 0.9 4.6 25.8% 8.5
Slide 14: 1H 2017 – Key Performance Indicators: No exits during 1H 2017
1H 2017 – Key Performance Indicators: No exits during 1H 2017 Income and earnings (AED m) 1H 2017 1H 2016 y-o-y (%) Total income 1,283.5 1,371.6 (6.4%) Total expenses* 894.5 944.1 (5.3%) Profit for the period 454.9 502.9 (9.5%) Attributable profit 479.9 515.9 (7.0%) EBITDA 330.3 517.4 (36.2%) EPS (A
Slide 15: Evolution by Quarter: Continuous growth on Rental Income
Evolution by Quarter: Continuous growth on Rental Income Total Income (AED m) Continuous growth 814.3 864.9 Rental Income represented 40.1% of Total Income during 714.7 657.0 697.2 586.3 Q2 2017 while it represented a 33.1% during Q2 2016 Rental income represented a 35.8% of Total Income in 1H 2017,
Slide 16: Rental income from DIP continues to remain robust
Rental income from DIP continues to remain robust Rental income (AED m) 230 235 220 224 217 207 199 187 188 173 195 165 190 186 183 180 151 145 172 141 143 164 162 130 134 154 159 122 150 139 124 130 121 123 109 115 15.6% 13.8% 13.3% 6.7% 5.6% 14.6% 5.9% 6.0% 4.0% 4.8% 4.9% 0.5% 1.6% (6.2%) (5.0%) (
Slide 17: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED m) 136.1 1.0 34.7 1.6 2.7 23.5 (27.1) (64.4) (5.2) (4.4) (186.6) 1,371.6 1,283.5 1H 2016 Sale of goods Rental income Contract Sale of Sale of Fair valuation Sale of Fair valuation Dividend Share of profit Disposal of 1H 2017 revenue propert
Slide 18: Evolution by Quarter: Continuous growth on Rental Income
Evolution by Quarter: Continuous growth on Rental Income Total Assets (AED bn) Total Liabilities & Equity (AED bn) 2.7 2.5 2.7 2.6 5.2 5.2 5.2 5.7 5.0 2.6 2.8 5.8 1.7 1.7 1.9 2.0 1.6 1.6 10.5 10.9 10.9 11.1 11.4 11.0 10.7 11.0 11.4 11.7 11.3 9.7 Q1 2016 Q2 2016 Q3 2016 2016A Q1 2017 Q2 2017 Q1 2016
Slide 19: DIC has maintained a disciplined approach to Asset Growth
DIC has maintained a disciplined approach to Asset Growth Total Assets (AED bn) 16.8 16.4 15.7 16.1 16.1 15.0 15.3 15.5 14.2 14.5 14.7 14.7 13.2 13.5 5.7 5.0 5.2 5.2 5.2 5.6 5.8 5.7 5.6 5.7 4.5 5.2 5.7 4.3 10.9 10.9 11.1 11.4 9.7 9.7 10.5 8.9 9.0 9.0 8.8 9.0 9.1 9.3 1Q 14 2Q 14 3Q 14 4Q 14 1Q 15 2Q
Slide 20: Balance Sheet Development since 31st December 2016
Balance Sheet Development since 31st December 2016 Total Assets (AED bn) 16,114.8 496.7 1.7 92.8 167.8 79.3 137.3 16,421.2 (36.8) (0.8) (1.7) (11.0) (2.6) (17.7) (0.6) (141.9) (456.1) Non-current Assets Current Assets Dec-16 PP&E Goodwill & Investment Investments Equity Rent Finance Inventories Trad
Slide 21: Q2 2017 - Financial Highlights
Q2 2017 - Financial Highlights
Slide 22: Q2 2017 – Financial Performance at a glance
Q2 2017 – Financial Performance at a glance TOTAL INCOME TOTAL EXPENSES * EBITDA ATTRIBUTABLE EPS NET PROFIT 586.3 (441.7) 180.4 190.9 0.04 AED million AED million AED million AED million AED per share TOTAL ASSETS CASH TOTAL LIABILITES DEBT / EQUITY # ROE 16.4 0.9 4.6 25.8% 6.4% AED billion AED bil
Slide 23: Q2 2017 – Key Performance Indicators
Q2 2017 – Key Performance Indicators Income and earnings (AED m) Q1-Q2 Q2 2017 Q1 2017 Q2 2016 y-o-y (%) 2017(%) Total income 586.3 697.2 656.9 (15.9%) (10.8%) Total expenses (441.7) (452.8) (496.2) (2.5%) (11.0)% Profit for the period 179.4 275.5 211.3 (34.9%) (15.1%) Attributable profit 190.9 288.
Slide 24: Q2 2017 Total Income Movement Year-on-Year
Q2 2017 Total Income Movement Year-on-Year Total Income Bridge (AED m) 17.8 26.6 0.0 0.3 0.0 (11.1) (53.8) (6.2) (38.6) (1.2) (4.6) 657.0 586.3 Q2 2016 Sale of goods Rental income Contract Sale of Sale of Fair valuation Sale of Fair valuation Dividend Share of profit Disposal of Q2 2017 revenue prop
Slide 25: Outlook & Guidance
Outlook & Guidance tae MENTS DUBAI INVESTMENTS
Slide 26: Outlook and Guidance for FY 2017
Outlook and Guidance for FY 2017 Continue to generate sustainable growth, backed by recurring cash flow streams with a high single to low double digit growth in net profitability Total Income & Focus on monetizing available land bank to perform through the market cycles and Net Profit enhance revenu
Slide 27: Financial Calendar
Financial Calendar Upcoming Events: 30 October 2017* Board Meeting for approval of Q3 2017 Financials * Tentative 27
Slide 28: 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 29: Portfolio Information
Portfolio Information tae MENTS DUBAI INVESTMENTS
Slide 30: 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 31: 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 32: 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 33: 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 34: 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 35: 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 35
Slide 36: Masharie
Masharie Business Overview Investments in medium and large-sized companies operating in construction materials, contracting, interior design and related activities. Aluminum sheet Aluminum extrusions for Aluminum design, production construction and manufacturing and Ownership industrial sector insta
Slide 37: 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 • Acquired 26.75% stake in King’s College Hospital manufacturing and maintenance board materi
Slide 38: 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 39: 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 Sa
Slide 40: 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. Ownership 50% Dubai Investments 50% Union Pr
Slide 41: 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 bank
Slide 42: 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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