National Central Cooling Co. (p.s.c.) (tabreed) · DFM:TABREED
National Central Cooling Co. (p.s.c.) (tabreed) — National Central Cooling Company PJSC (Tabreed) — Q3 2015 Earnings Presentation
18 slides from National Central Cooling Co. (p.s.c.) (tabreed)'s earnings presentation, Oct 29, 2015
Slide 1: Q3 Results Presentation
National Central Cooling Company PJSC 29 October 2015 Q3 Results Presentation
Slide 2: Disclaimer
• No person shall have any right of action (except in case of fraud) against the Company or any other person in relation to the accuracy or completeness of the information contained herein. Whilst the Company has taken all reasonable steps to ensure the accuracy of all information, the Company canno
Slide 3: Agenda
Agenda A | Introduction and Performance Highlights – Jasim Thabet, CEO B | Financial Results – Steve Ridlington, CEO C | Conclusion – Jasim Thabet, CEO
Slide 4: Three-pillar strategy
Tabreed Investor Presentation 2015 Three-pillar strategy As an integral part of the region's growth, Tabreed will be the leading utility company, delivering and operating district cooling infrastructure, while creating sustainable value for our shareholders as we maintain the comfort of the communit
Slide 5: Tabreed at a glance
Tabreed Investor Presentation 2015 5 Tabreed at a glance One of the world’s largest district cooling companies Equivalent to cooling 69 954 kRT plants in the GCC delivered to clients 96 towers the size of Burj Khalifa Greater reliability compared to conventional cooling and positive environmental im
Slide 6: Regional Footprint
Tabreed Investor Presentation 2015 6 Regional Footprint 5 Countries | 69 Plants | 954,000 RT National Central Cooling Company and its UAE investments Bahrain Qatar • 52 wholly owned plants, 9 held through associates and joint ventures Diplomatic Area 3 plants • Plants in 6 emirates of the UAE - Abu
Slide 7: Headline Performance
Tabreed Investor Presentation 2015 7 Headline Performance Government Long-term 939 954 • Providing 954 kRT to our customers – 9% annual growth since 2012 Group Connected 829 Capacity (kRT) 745 contracts with • Long term price certain contracts (~25 years) 269 275 347 354 credit worthy • Over 50% of
Slide 8: Key Developments over the past 12 months
Tabreed Investor Presentation 2015 8 Key Developments over the past 12 months Repurchased 28% of MCBs 5 fils dividend financed with paid for 3rd new bank loan 30-year consecutive contract year Re-financing of renewed with AED 2.6 bn of Aldar and Concession loans with framework set signed with increa
Slide 9: Agenda
Agenda A | Introduction and Performance Highlights – Jasim Thabet, CEO B | Financial Results – Steve Ridlington, CEO C | Conclusion – Jasim Thabet, CEO
Slide 10: Financial Highlights
Tabreed Investor Presentation 2015 10 Financial Highlights Income Statement Unaudited Consolidated Financials (AED m) Sep 2015 Sep 2014 Variance % Revenue 891.0 870.7 20.3 +2% Chilled water revenue (94%) 834.2 804.9 29.3 +4% Value chain businesses (6%) 56.8 65.8 (9.0) -14% Operating cost (468.8) (45
Slide 11: Financial Highlights
Tabreed Investor Presentation 2015 11 Financial Highlights Financial Position Unaudited Consolidated Financials (AED m) Sep 2015 Dec 2014 Variance % Fixed Assets 6,786.3 6,679.4 106.9 +2% Associates and Joint Ventures 675.1 650.9 24.2 +4% Accounts Receivable 411.6 466.8 (55.2) -12% Cash and Short Te
Slide 12: Financial Highlights
Tabreed Investor Presentation 2015 12 Financial Highlights Cash flow Statement Unaudited Consolidated Financials (AED m) Sep 2015 Sep 2014 Variance % Profit from Operations 291.2 291.6 (0.4) -0% Finance lease amortisation 31.9 24.4 7.5 +31% Depreciation 90.9 95.7 (4.8) -5% Working capital and other
Slide 13: Chilled Water Performance (YTD)
Tabreed Investor Presentation 2015 13 Chilled Water Performance (YTD) Gross Capacity (kRT) Chilled Water Revenue (AED m) GCC UAE CAGR +9% CAGR +4% 954 805 834 929 776 748 829 745 239 264 194 149 635 690 690 597 2012 2013 2014 2015 2012 2013 2014 2015 Profit From Operations (AED m) Geographical Break
Slide 14: Debt Portfolio
Tabreed Investor Presentation 2015 14 Debt Portfolio • Tabreed’s current gearing is 46% (debt: debt + equity), in line with global utility peers • 95% of Tabreed’s debt is denominated in AED, with the balance in USD and OR • Virtually all the debt is floating rate, but 51% of total debt is hedged in
Slide 15: Agenda
Agenda A | Introduction and Performance Highlights – Jasim Thabet, CEO B | Financial Results – Steve Ridlington, CEO C | Conclusion – Jasim Thabet, CEO
Slide 16: In Conclusion
Tabreed Investor Presentation 2015 16 In Conclusion • Air conditioning is a critical part of the GCC infrastructure Why District • District Cooling enables a 50% reduction in energy consumption and carbon footprint Cooling • District Cooling is 16% cheaper than conventional cooling • Tabreed is the
Slide 17: Questions
Ales anne Questions
Slide 18: IR Contacts
Tabreed Investor Presentation 2015 18 IR Contacts Faisal Tahir Bhatti Ahmed Al Nowais Senior Analyst Senior Manager Tel: +971 2 2020336 Tel: +971 2 2020333 Email: FBhatti@tabreed.ae Email: AAlnowais@tabreed.ae
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