Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — Q3 2020 Earnings Presentation
33 slides from Dubai Investment (p.j.s.c)'s earnings presentation, Sep 30, 2020
Slide 1: Dubai Investments PJSC Investor Presentation
Dubai Investments PJSC 30th September 2020 Investor Presentation
Slide 2: Content
CONTENT Page 3 Dubai Investments Overview Page 10 Management Summary – 9M 2020 Financial Highlights Page 17 Operational Performance by Business Segment – 9M 2020 Page 21 Management Summary – Q3 2020 Financial Highlights Page 24 Management Strategy & Outlook Page 26 Portfolio Information – Flagship A
Slide 3: Dubai Investments Overview
Dubai Investments Overview Dubai Investments
Slide 4: A Diversified Investment Company Listed on DFM
A Diversified Investment Company Listed on DFM - Market Cap. of c. AED 4.9 Bn1 Dubai Investments Overview – Total Assets of over AED 21.5 billion with over 16,500 shareholders A Glance at Dubai Investments Shareholders (September 2020) ESTABLISHMENT OWNERSHIP TYPE 11.5% Investment Corporation of Dub
Slide 5: Board of Directors - A Well Seasoned and Experienced Team
Board of Directors - A Well Seasoned and Experienced Team Chairman – Abdulrahman Ghanem A. Al Mutaiwee Vice Chairman & CEO – Khalid Jassim Bin Kalban Mr. Abdulrahman Ghanem A. Al Mutaiwee is a high-ranking diplomat and has Mr. Khalid Bin Kalban has extensive experience in Manufacturing & Industrial
Slide 6: Diversified Portfolio of Assets Across Real Estate, Manufacturing and Services
Diversified Portfolio of Assets Across Real Estate, Manufacturing and Services Total Assets AED 21.5 BN 35% 7,532m As at 30th September 2020 Amounts in AED DUBAI INVESTMENTS 8% PARK DEV. COMPANY 1,743m 22% 4,678m 13.9 5.5 2.1 TREASURY PORTFOLIO billion billion billion & OTHER 26% 10% 64% 362m DUBAI
Slide 7: Dubai Investments – A Diversified Portfolio of Investments
Dubai Investments – A Diversified Portfolio of Investments 77
Slide 8: 25 Years of Building Businesses and Creating Shareholder Value
25 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 EEP(1
Slide 9: Consistent Dividend Paying Company
Consistent Dividend Paying Company Shareholder Returns – DIC vs. DFMGI Index Dividends (AED million) and Dividend declared 5.0% 1,050 13.0% 140 12.0% 12.0% 12.0% 900 120 11.0% 769 10.0% 10.0% 750 100 (10.4)% 9.0% 600 283 80 510 (13.7%) 486 7.0% 450 425 425 60 5.0% 40 300 486 486 510 425 425 3.0% 20
Slide 10: Management Summary – 9M 2020 Financial Highlights
Management Summary – 9M 2020 Financial Highlights
Slide 11: Key Messages – 9M 2020
Key Messages – 9M 2020 ▪ For 9M 2020, the Group recorded Total Income of AED 1,905.5 million as compared to AED 2,121.7 million in 9M 2019. Total Income was lower due to loss on fair valuation of investments given the volatility in global financial markets in the 9M 2020, and one-off gain from the a
Slide 12: 9M 2020 – Financial Highlights: Well Capitalized and Profitable Company
9M 2020 – Financial Highlights: Well Capitalized and Profitable Company TOTAL INCOME EBITDA PROFIT ATT. TO EPS ROE* SHAREHOLDERS 1,905.5 826.7 418.1 0.10 4.7% AED million AED million AED million AED per share TOTAL ASSETS CASH & CASH NET DEBT # TOTAL ATT. EQUIT Y NET DEBT / TOTAL EQUIVALENTS** ATT.
Slide 13: 9M 2020 KPIs: Resilient performance with a healthy EBITDA despite COVID-19
9M 2020 KPIs: Resilient performance with a healthy EBITDA despite COVID-19 Income and Earnings (AED m) Consolidated Financials 9M 2020 9M 2019 y-o-y (%) Total income 1,905.5 2,121.7 -10.2% Total expenses* (1,649.5) (1,756.3) 6.1% Attributable profit 418.1 458.7 -8.9% EBITDA 826.7 822.7 0.5% EPS (AED
Slide 14: Evolution by Quarter: Rental Income Portfolio remains key contributor
Evolution by Quarter: Rental Income Portfolio remains key contributor to Total Income Total Income and Rental Income (AED m) EBITDA (AED m) 927.2 472.0 841.3 705.9 724.5 691.3 758.3 768.3 343.4 364.2 215.2 652.8 672.3 317.6 323.4 316.8 235.8 625.1 212.0 249.1 225.4 237.9 217.4 231.7 464.8 211.5 189.
Slide 15: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED m) 13.0 1.8 7.5 14.2 (62.0) (36.7) (6.0) (84.3) (11.5) (52.3) 2,121.7 1,905.5 9M 2019 Sale of goods Rental income Contract Gain on FV of Gain on sale Gain on sale Gain on FV of Gain on FV of Bargain Others* 9M 2020 revenue investments of in
Slide 16: Growth in Assets & Liabilities due to Acquisitions & Growth in Real Estate Portfolio
Growth in Assets & Liabilities due to Acquisitions & Growth in Real Estate Portfolio Total Assets (AED bn) Total Liabilities & Total Equity (AED bn) 20.6 20.6 21.0 21.5 21.5 20.6 20.6 21.0 21.5 21.5 19.2 19.0 19.4 19.6 20.1 19.2 19.0 19.4 19.6 20.1 7.0 7.2 7.3 2.1 2.2 2.4 2.9 4.3 5.1 5.1 5.1 5.8 5.7
Slide 17: Operational Performance by Business Segment – 9M 2020
Operational Performance by Business Segment – 9M 2020
Slide 18: Property Segment – Development of Real Estate for Sale and Leasing
Property Segment – Development of Real Estate for Sale and Leasing Property Financial highlights (September 2020) Total Income (AED m) ▪ Total Income from the Property segment remained resilient at AED 774.0 million. The decline of AED 37.5 million from the prior period was largely 1,158.6 1,143.5 o
Slide 19: Manufacturing Segment – Manufacturing, District Cooling, Healthcare and Education
Manufacturing Segment – Manufacturing, District Cooling, Healthcare and Education Manufacturing, Contracting & Services Financial highlights (September 2020) Total Income (AED m) ▪ Total Income from the Manufacturing, Contracting & Services segment declined to AED 1,137.8 million in 9M 2020 from AED
Slide 20: Financial Inv. Segment – Strategic Interests in Associates & Financial Investments
Financial Inv. Segment – Strategic Interests in Associates & Financial Investments Financial Investments Financial highlights (September 2020) Total Income (AED m) ▪ Total Income from Investments segment was negative in 9M 2020 (AED 6.3 million) as compared to AED 117.3 million in 9M 2019 which was
Slide 21: Management Summary – Q3 2020 Financial Highlights
Management Summary – Q3 2020 Financial Highlights
Slide 22: Q3 2020 – Financial Performance: Strong and profitable company
Q3 2020 – Financial Performance: Strong and profitable company TOTAL INCOME EBITDA PROFIT ATT. TO EPS ROE* SHAREHOLDERS 768.3 364.2 213.1 0.05 7.0% AED million AED million AED million AED per share TOTAL ASSETS CASH & CASH NET DEBT # TOTAL ATT. EQUIT Y NET DEBT / TOTAL EQUIVALENTS** ATT. EQUIT Y* 21
Slide 23: Q3 2020 KPIs: Resilient performance with a healthy EBITDA despite COVID-19
Q3 2020 KPIs: Resilient performance with a healthy EBITDA despite COVID-19 Income and Earnings (AED m) Consolidated Financials Q3 2020 Q3 2019 y-o-y (%) Total income 768.3 691.3 11.1% Total expenses* (650.0) (612.2) 6.2% Attributable profit 213.1 105.5 -102.0% EBITDA 364.2 215.2 69.2% EPS (AED) 0.05
Slide 24: Management Strategy & Outlook
Management Strategy & Outlook
Slide 25: Management Strategy & Outlook: Generate Sustainable Cash Flows to Maximize Shareholder Returns
Management Strategy & Outlook: Generate Sustainable Cash Flows to Maximize Shareholder Returns Continue to generate steady income, backed by recurring cash flow & rental income streams with growth in net profitability Profitability Focus on monetizing available land bank/Real Estate portfolio to gen
Slide 26: Portfolio Information – Flagship Assets
Portfolio Information – Flagship Assets
Slide 27: Dubai Investment Park - A "City within a City"
Dubai Investment 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% 9M 2020 RENTAL COMMERCIAL INCOME 560 8% AED million Note: Figures are rounded to the nearest decimal 27
Slide 28: Emicool – The Leading District Cooling Provider
Emicool – The Leading District Cooling Provider Mirdif ESTABLISHED Dubai Culture Village Jumeirah Bay 2003 Rose Bay CUSTOMERS ~20,000 Dubai Motor City EMPLOYEES Dubai Sports City ~250 Dubai Investment Park ZONES DWTC ~8 Zones Note: Figures are rounded to the nearest decimal 28
Slide 29: Glass LLC – The Glass Pioneer in the Middle East
Glass LLC – The Glass Pioneer in the Middle East ESTABLISHED Subsidiaries 1998 FACILIT Y Key Projects (UAE & Global) ~60,000 Sqm. PRODUCTION ~1.4 Mn Dubai Airport T3 Fairmont Hotel Index Tower Al Ain Stadium Sqm .Annually (UAE) (UAE) (UAE) (UAE) EXPORTS ~20 Countries Nanyang Lyons Langham Palace Nov
Slide 30: Investor Relations Contacts and Awards
Investor Relations Contacts and Awards
Slide 31: 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 32: Key Financial Events and Awards
Key Financial Events and Awards Al Mal Capital Emicool and Total Dubai Investments PSC voted ‘UAE Solar Distributed won the “Impact of Asset Generation Investment Top Manager of the Inaugurate Solar Choice” at Arab Year’ at MENA System at DIP Investor Award Fund Manager Facility in Dubai Awards Duba
Slide 33: 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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