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 2021 Earnings Presentation
18 slides from National Central Cooling Co. (p.s.c.) (tabreed)'s earnings presentation, Nov 14, 2021
Slide 1: Q3 2021 Earnings Presentation
National Central Cooling Company PJSC (DFM: TABREED) Q3 2021 Earnings Presentation 14 November 2021
Slide 2: Disclaimer
Disclaimer • These materials have been prepared by and are the sole responsibility of the National Central • No person is authorized to give any information or to make any representation not contained in and Cooling Company PJSC, ‘Tabreed’ (the “Company”). These materials have been prepared solely f
Slide 3: Agenda
Agenda 1 Introduction and Performance Highlights 4 2 Financial Results 9 3 Conclusion 14 | 3
Slide 4: Introduction and Performance Highlights
01 Introduction and Performance Highlights
Slide 5: Developments
Introduction and Performance Highlights Tabreed at a Glance Financial Highlights: 9M 2021 vs. 9M 2020 AED 1,465m AED 1,413m AED 776m AED 388m +16.4% +15.9% +14.6% +4.8% Total Revenue Chilled Water Revenue EBITDA Net Income Performance Highlights and Other Developments • Total Revenue increased by 16
Slide 6: Tabreed at a Glance
Introduction and Performance Highlights Tabreed at a Glance One of the world’s largest district cooling companies 84 Environmentally responsible operations reducing green house gas emissions plants in 4 countries 1.88 billion kWh 1.12 million tons year to date reduction in energy elimination consump
Slide 7: Connected Capacity (kRT)
Introduction and Performance Highlights Connected Capacity (kRT) Consolidated Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 UAE 882 928 928 940 954 Bahrain 32 32 32 33 33 Oman 32 32 33 33 33 Total Consolidated 947 992 993 1,006 1,019 Equity Accounted UAE 71 71 71 71 74 KSA 110 110 110 110 110 Total Equity
Slide 8: Headline Performance
Introduction and Performance Highlights Headline Performance UAE Other 1 Long-term • Providing over 1.20m RT of cooling across GCC – grown at 10% CAGR since 2018 Group Connected Capacity (kRT) 1,128 1,203 contracts with • Long term contracts (~25 years) mean over 90% of contracted capacity locked in
Slide 9: Financial Results
02 Financial Results Otabreed
Slide 10: Income Statement
Financial Results Income Statement Consolidated Financials (AED m) 9M 2021 9M 2020 Variance % Key Observations Revenue 1,464.7 1,257.9 206.8 16.4% • Robust performance of both Chilled Water and Chilled water revenue (96%) 1,412.9 1,219.1 193.8 15.9% Value Chain businesses driving topline growth Valu
Slide 11: Financial Position
Financial Results Financial Position Consolidated Financials (AED m) Sep 30, 2021 Dec 31, 2020 Variance % Key Observations Fixed Assets 8,208.7 8,010.9 197.8 2.5% • Increase in Fixed assets and intangibles represent additions due to acquisition of Intangibles 2,954.2 2,360.1 594.1 25.2% Saadiyat Isl
Slide 12: Cash Flow Statement
Financial Results Cash Flow Statement Consolidated Financials (AED m) 9M 2021 9M 2020 Variance % Key Observations Profit from Operations 483.4 406.4 77.1 19.0% • Cash flow from operations stronger than last Finance lease amortization 99.6 89.0 10.6 11.9% year, mainly reflecting significantly higher
Slide 13: Debt Portfolio and Return Ratios
Financial Results Debt Portfolio and Return Ratios Investment grade status reaffirmed by both Fitch and Moody’s 1 Net Debt Profile (AED m) 2 Debt Maturity Profile 5,378 5,533 2,740 2,914 Dec-18 Dec-19 Dec-20 Sep-21 2021 2022 2023 2024 2025 2026 - 31 3 Net Debt to LTM EBITDA 4 Return on Capital Emplo
Slide 14: Conclusion
03 Conclusion Otabreed
Slide 15: Contribution to the Sustainable Development Goals ("SDGs")
Conclusion Contribution to the Sustainable Development Goals (“SDGs”) Sustainability is at the core of Tabreed’s operations. It reflects the company’s commitment to energy efficiency and to the environment, and to the sustainable socio-economic development of the region. Tabreed as a partner in prog
Slide 16: Environmental Impact
Conclusion Environmental Impact Tabreed has set its own targets to support energy consumption reduction and emission prevention, through innovative technology solutions and environmentally-friendly practices. Pioneered various innovations Demonstrated environmental impact (YTD 2021) Utilization of T
Slide 17: Partner of choice across GCC for providing environmentally friendly cooling solutions
Conclusion Partner of choice across GCC for providing environmentally friendly cooling solutions Listed on the DFM with strong corporate ▪ A utility-like service considering the warm climate of the Middle East governance driven by Mubadala and ENGIE ▪ Long-term partnerships ensures better revenue an
Slide 18: Contact Us
Contact Us Bijay Sharma Churchgate Partners Email: Tabreed@churchgatepartners.com Richard Rose Salik Malik Riyad Hammad SVP, Finance Head, Financial Planning & Head, Head of Treasury and IR Analysis Tel: +971 2 2020400 Tel: +971 2 2020397 Tel: +971 2 2020367 Email: IR@tabreed.ae Email: smalik@tabree
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