United Development Co. · QSE:UDCD
United Development — Q3 2022 Earnings Presentation
27 slides from United Development's earnings presentation, Sep 30, 2022
Slide 1: United Development Company Financial Results 30th September 2022
UNITED DEVELOPMENT COMPANY - Financial Results - -2022 - - 30th September 2022 -
Slide 2: Table of Contents
INVESTOR PRESENTATION 2 Table of Contents Overview of the Company 3 Board of Directors 4-6 Key Highlights 7 Development Key Highlights 8 Corporate Governance 9 Share Information 10 Dividend Payout 11 Financial Performance 12 - 18 Business Segments Overview 19 Major Operating Assets 20 Major Projects
Slide 3: Overview of United Development Company
OVERVIEW OF UNITED DEVELOPMENT COMPANY 3 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 liste
Slide 4: Board of Directors
BOARD OF DIRECTORS 4 H.E. Mr. Turki bin Mohammed Al- H.E. Sheikh Faisal Bin Fahed Al Thani Mr. Ali Hussain Ibrahim Khater Alfardan Chairman Vice Chairman Board Member
Slide 5: Board of Directors Contd
BOARD OF DIRECTORS CONTD… 5 Mr. Abdulaziz Mohammed Hamad Al Mr. Abdulrahman Saad Al- Mr. Nasser Jaralla Saeed Jaralla Al Mana Shathri Marri Board Member Board Member Board Member
Slide 6: Board of Directors Contd
BOARD OF DIRECTORS CONTD… 6 Mr. Ibrahim Jassim Al Othman Mr. Abdulla Hamad Al-Attiyah Mr. Hassan Abdulla Al-Hammadi President & CEO & Board Member Board Member Board Member
Slide 7: Key Highlights
KEY HIGHLIGHTS 7 ➢ UDC signed a memorandum of understanding (MoU) with The Commercial Bank (CBQ) with an aim to provide financing facilities to its clients at The Pearl and Gewan Islands. ➢ UDC received the Global Sustainability Assessment System (GSAS) Operations Certificate in GOLD rating for its
Slide 8: Development Key Highlights
DEVELOPMENT KEY HIGHLIGHTS 8 ➢ UDC has completed major milestones in the construction of Corinthia Yacht Club in Porto Arabia, and successfully completed the Giardino Mall and United International School buildings, both of which have been handed over to their respective operators. ➢ The Pearl Island
Slide 9: Corporate Governance
CORPORATE GOVERNANCE 9 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 provision
Slide 10: Share Information
SHARE INFORMATION 10 Closing Price (QAR) & Trading Vol. (Mn.) Traded Vol. Traded Value Open Price High Price Low Price Closing Period (Mn.) (QAR Mn) (QAR) * (QAR) * (QAR)* Price (QAR)* Jan'17 - Dec'17 825.59 1,401.05 2.07 2.29 1.25 1.44 Currency Jan'18 - Dec'18 924.61 1,401.90 1.44 1.77 1.36 1.48 QA
Slide 11: Dividend Payout
DIVIDEND PAYOUT 11 Dividend Summary Dividends Payout Ratio (%) Cash Stock Private Year No. of Shares Dividend Dividend Paid Dividend Bonus Shares Right Issue placement % % 2004 50,000,000 - 2005 82,500,000 - 10% 5,000,000 27,500,000 104% 2006 107,250,000 20.0% 214,500,000 30% 24,750,000 77% 82% 78%
Slide 12: Financial Performance
12 Financial Performance
Slide 13: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS 13 Key Figures (QAR Mn.) 9M 2018 9M 2019 9M 2020 9M 2021 9M 2022 Revenue 1,288 1,341 849 1,615 1,238 Net Profit 416 343 123 207 217 Net Finance Cost (103) (88) (46) (33) (58) EBITDA 629 547 293 403 400 Total assets 18,294 18,545 18,924 19,699 20,414 Shareholders' equity 11,0
Slide 14: Financial Results: EBITDA and EPS
Financial Results 14 EBITDA Margin 32% 60% EPS 0.059 800 0.109 49% 0.090 600 41% 629 35% 547 25% 32% 400 0.059 0.051 403 400 200 293 0.027 0 9M 2018 9M 2019 9M 2020 9M 2021 9M 2022 EBITDA (QAR Mn) EBITDA Margin 9M 2018 9M 2019 9M 2020 9M 2021 9M 2022 EBITDA for 9M 2022 decreased by approx. 1% to QAR
Slide 15: Financial Results: Net Debt and Financial Position
Financial Results 15 Net Debt & Net Debt/EBITDA 60% Financial Position (QAR Mn) Total Assets – Allocation (%) 13.06 12.39 11.12 17% 14% 15% 14% 13% 16% 13% 13% 12% 14% 11,186 11,135 11,090 11,074 10,972 2% 3% 7% 8% 11% 6.35 9,323 4,482 6.12 8,726 7,738 20,414 7,410 7,220 51% 19,699 51% 50% 51% 18,92
Slide 16: Financial Results: Debt Profile
Financial Results 16 Debt (QAR Mn.) Interest Coverage Ratio 60% Debt Equity Ratio Debt to Asset Ratio 4.13 2,930 3.86 0.24 3.68 0.45 0.23 3.12 0.41 0.21 0.20 0.35 0.19 2,029 0.34 2.45 0.31 Current Non- Current 9M 2018 9M 2019 9M 2020 9M 2021 9M 2022 9M 2018 9M 2019 9M 2020 9M 2021 9M 2022 9M 2018 9M
Slide 17: Segmental Financial Results (Standalone Basis)
Segmental Financial Results 17 (Standalone Basis) 60% Urban Development Hospitality & Leisure Others Infrastructure & Utilities (QAR Mn.) (QAR Mn.) (QAR Mn.) (QAR Mn.) 1,183 19 212 388 348 15 721 125 209 80 96 124 29 19 (7) (8) 9M 2021 9M 2022 9M 2021 9M 2022 9M 2021 9M 2022 9M 2021 9M 2022 Revenue
Slide 18: Segmental Financial Results (Standalone Basis)
Segmental Financial Results 18 (Standalone Basis) 60% Revenue Breakdown (QAR Mn) Profit Breakdown (QAR Mn) 209 1,183 124 721 80 96 348 388 29 19 212 125 15 19 (7) (8) 9M 2021 9M 2022 9M 2021 9M 2022 Urban Development Hospitality & Leisure Urban Development Hospitality & Leisure Infrastructure & Util
Slide 19: Business Segments Overview
BUSINESS SEGMENTS OVERVIEW 19 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
Slide 20: Major Operating Assets
MAJOR OPERATING ASSETS 20 Porto Arabia Retail & Medina Centrale Retail & Qanat Quartier Retail & UDC Tower Residential Operations Residential Operations Residential Operations The property is ideally placed at the The entire Porto Arabia district forms Medina Centrale is located in the Qanat Quartie
Slide 21: Major Projects
21 Major Projects Investment Value Gewan Island QR 3 Bill UDC currently has an investment of approximately QAR 3.9 Bn in pipeline. Corinthia Gewan Island Hotel, Beach Club, Golf Club & Villas QR 900 Mill Total QR 3.9 Billion The table gives an insight of the major ongoing developments
Slide 22: Additional Information
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Slide 23: Major Subsidiary – Qatar Cool
MAJOR SUBSIDIARY – QATAR COOL 23 Qatar District Cooling Company (Qatar Cool) founding shareholders are the United Development Company PSC (UDC) and Subsidiaries (91.06%) and other local prominent shareholders (8.94%). District cooling reduces the demand for electricity and is a cost effective and en
Slide 24: Major Subsidiary – Madinainova
MAJOR SUBSIDIARY – MADINAINOVA 24 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 registry servi
Slide 25: Major Subsidiary – Ronautica Middle East (RME)
MAJOR SUBSIDIARY – RONAUTICA MIDDLE EAST (RME) 25 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 services
Slide 26: Major Subsidiary – Hospitality Development Company
MAJOR SUBSIDIARY – HOSPITALITY DEVELOPMENT COMPANY 26 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 years, the com
Slide 27: Thank You
27 THANK YOU
United Development Company — Q3 2022 Earnings Presentation on 6ix