National Central Cooling Co. (p.s.c.) (tabreed) · DFM:TABREED
National Central Cooling Co. (p.s.c.) (tabreed) — National Central Cooling Company PJSC (Tabreed) — H1 2021 Earnings Presentation
17 slides from National Central Cooling Co. (p.s.c.) (tabreed)'s earnings presentation, Aug 11, 2021
Slide 1: H1 2021 Earnings Presentation
National Central Cooling Company PJSC (DFM: TABREED) H1 2021 Earnings Presentation 11 August 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: Financial Highlights: H1 2021 vs. H1 2020
Introduction and Performance Highlights Tabreed at a Glance Financial Highlights: H1 2021 vs. H1 2020 AED 869m AED 832m AED 518m AED 233m +22.4% +22.2% +24.6% +4.1% Total Revenue Chilled Water Revenue EBITDA Net Income Performance Highlights and Other Developments • Total Revenue increased by 22.4%.
Slide 6: Tabreed at a Glance
Introduction and Performance Highlights Tabreed at a Glance One of the world’s largest district cooling companies 87 Environmentally responsible operations reducing green house gas emissions plants in 5 countries 2.26 billion kWh 1.35 million tons annual reduction in energy consumption annual elimin
Slide 7: Connected Capacity (kRT)
Introduction and Performance Highlights Connected Capacity (kRT) Consolidated Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 UAE 872 882 928 928 940 Bahrain 32 32 32 32 33 Oman 32 32 32 33 33 Total Consolidated 936 947 992 993 1,006 Equity Accounted UAE 71 71 71 71 71 Qatar 224 224 230 230 230 KSA 110 110
Slide 8: Headline Performance
Introduction and Performance Highlights Headline Performance UAE Other 1 Long-term • Providing over 1.41m RT of cooling across GCC – grown at 8% CAGR since 2018 Group Connected Capacity (kRT) 1,114 1,146 1,343 1,417 contracts with • Long term contracts (~25 years) mean over 90% of contracted capacit
Slide 9: Financial Results
02 Financial Results Otabreed
Slide 10: Income Statement
Financial Results Income Statement Consolidated Financials (AED m) H1 2021 H1 2020 Variance % Key Observations Revenue 869.0 710.0 159.0 22.4% • Increase in revenue primarily driven by robust Chilled water revenue (96%) 832.1 681.2 151.0 22.2% performance of both Chilled Water and Value Chain Value
Slide 11: Financial Position
Financial Results Financial Position Consolidated Financials (AED m) Jun 30, 2021 Dec 31, 2020 Variance % Key Observations Fixed Assets 8,255.4 8,010.9 244.5 3.1% • Increase in Fixed assets and intangibles represent additions due to acquisition of Intangibles 2,966.2 2,360.1 606.0 25.7% Saadiyat Isl
Slide 12: Cash Flow Statement
Financial Results Cash Flow Statement Consolidated Financials (AED m) H1 2021 H1 2020 Variance % Key Observations Profit from Operations 326.0 232.8 93.2 40.0% • Cash flow from operations stronger than last Finance lease amortization 63.2 60.8 2.5 4.1% year same period which mainly represents Deprec
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 6,133 2,740 2,914 Dec-18 Dec-19 Dec-20 Jun-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: Creating sustainable value for stakeholders
Conclusion Creating sustainable value for stakeholders Commitment to SDGs • Tabreed published its first ESG report in March 2021 • ESG is embedded in the Group’s Business model , strategy and culture • In 2020, Tabreed displaced over 1.35m metric tons of CO2 emissions, equivalent to removing 293,192
Slide 16: Key Highlights
Conclusion Key Highlights Partner of choice across GCC for providing environmentally friendly cooling solutions ▪ Operational track record of > 20 years ▪ Established a district energy investment platform in ▪ A utility-like service considering the warm climate of the Singapore with IFC that will in
Slide 17: Contact Us
Contact Us Bijay Sharma Churchgate Partners Email: Tabreed@churchgatepartners.com Richard Rose Salik Malik SVP, Finance Head, Financial Planning & Analysis Tel: +971 2 2020400 Tel: +971 2 2020397 Email: IR@tabreed.ae Email: SMalik@tabreed.ae
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