Dubai Financial Market (DFM) - PJSC · DFM:DFM
Dubai Financial Market (DFM) - PJSC — Dubai Financial Market PJSC — Q1 2024 Earnings Presentation
30 slides from Dubai Financial Market (DFM) - PJSC's earnings presentation, Jun 12, 2024
Slide 1: Investor Presentation Q1 2024
INVESTOR PRESENTATION Q1 2024
Slide 2: Disclaimer
DISCLAIMER THIS INVESTOR PRESENTATION HAS BEEN PREPARED BY DUBAI FINANCIAL MARKET PJSC (“DFM” OR THE “COMPANY”) FOR INVESTORS, SOLELY FOR INFORMATIONAL PURPOSES. The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company and does
Slide 3: Content
CONTENT WELCOME TO DFM 4 DUBAI’S ECONOMIC OUTLOOK 11 BUSINESS HIGHLIGHTS 15 OPERATIONAL & FINANCIAL HIGHLIGHTS 24 INVESTOR PRESENTATION / Q1 2024 3 dfm.ae
Slide 4: Welcome to DFM
WELCOME TO DFM
Slide 5: Dubai Financial Market
Dubai Financial Market (DFM) is the leading financial market in the region, operating as a thriving and powerful multi-asset platform marketplace for raising capital, listing and DUBAI trading across a range of securities and asset classes. DFM leverages integrated operations with its subsidiary Dub
Slide 6: 1st Exchange, 1st Regional Capital Market
1ST EXCHANGE 1ST REGIONAL 1 CAPITAL MARKET in UAE exchange to be publicly listed 2 Exchanges • Dubai Financial Market • Nasdaq Dubai INVESTOR PRESENTATION / Q1 2024 6 dfm.ae
Slide 7: Our Market
OUR MARKET OWNERSHIP STRUCTURE AS OF 31 MARCH 2024 2 EXCHANGES 1 CAPITAL MARKET COMBINED LIQUIDITY POOL Public Float By Nationality 19.34% 94.04% UAE 5.96% International 80.66% 33.3% Borse Dubai 80.66% 66.7% DFM leverages integrated operations with its subsidiary Dubai Central Clearing and Depositor
Slide 8: DFM at a Glance
DFM AT A GLANCE Q1 2024 HIGHLIGHTS PERFORMANCE +4.59% AED 140BN AED 730BN DFMGI CAPITAL RAISED MARKET PERFORMANCE SINCE INCEPTION* CAPITILIZATION TRADING AED 25BN AED 398MN 507k TOTAL TRADED VALUE AVERAGE DAILY TRADED TRADES EXECUTED +34% y-o-y VALUE (ADTV) +36% y-o-y +30% y-o-y LISTINGS 67 152 36 *
Slide 9: DFM Integrated Business Model
DFM INTEGRATED BUSINESS MODEL LISTING OPTIONS ASSET CLASSES POST-TRADE SERVICES Any type of company from anywhere in the Access to a secure, liquid and transparent Wide range of value-added services. Our world. We offer a myriad of solutions to list market. With access to a pool of over 1 continuous
Slide 10: Our Strategic Priorities
OUR STRATEGIC PRIORITIES LISTINGS & • Leveraging the ENHANCE MARKET • Increase the number of PRODUCT exchanges flexible and ACCESSIBILITY members providing diversified listing fintech solutions and DIVERSIFICATION options. Direct Market Access (DMA). • Diversified product offering that includes • At
Slide 11: Dubai's Economic Outlook
DUBAI’S ECONOMIC OUTLOOK OC). )) PIKINOO.D
Slide 12: A Unique Global Financial Hub
A UNIQUE GLOBAL ATTRACTIVE FDI DESTINATION: 880 Total FDI projects announced in Dubai, H1 2023, a 70% y-o-y increase. FINANCIAL HUB #1 GLOBAL DESTINATION: DUBAI WELCOMED 17 MILLION INTERNATIONAL VISITORS IN 2023, A 19.4% Y-O-Y INCREASE. TOP PERFORMING INDEX: DFM GENERAL INDEX RECORDS A 21.7% GROWTH,
Slide 13: Figures at a Glance
FIGURES AT A GLANCE 47 REFORMS AND REGULATIONS 26.07 1173 20.87 NUMBER OF FDI • CORPORATE TAX ROLL OUT: Ministry of Finance implemented a new federal corporate tax 837 880 system in the UAE, effective financial years to commence on or after 1 June 2023. Excluding PROJECTS AND FDI Bahrain, it is the
Slide 14: Macroeconomic Overview
MACROENOMIC OVERVIEW KEY HIGHLIGHTS DUBAI GDP GROWTH (%) 1 • DUBAI’S GROSS DOMESTIC PRODUCT (GDP) GREW 3.3% during the first 9 months of 2023 driven by growth in various sectors such as tourism, transportation, trade 6.2 and financial services. 3.1 3.1 4.4 3.3 2.1 2.7 • In November, the UAE'S NON-OI
Slide 15: Business Highlights
BUSINESS HIGHLIGHTS (CC (COoo02
Slide 16: 2023 Business Highlights
2023 BUSINESS HIGHLIGHTS Our market indices have showcased notable resilience and growth, reflecting the stability and evolution of the Dubai economy. We have steadfastly provided investors with valuable opportunities and ensured a thriving ecosystem. 2 NEW IPOS • Welcomed Al Ansari Financial Servic
Slide 17: IPOs & New Listings
IPOs & NEW LISTINGS KEY HIGHLIGHTS Date 6 Apr 2023 7 Dec 2023 21 Mar 2024 • DFM WELCOMED THREE NEW IPOS from Al Ansari Financial Services, Dubai Taxi Company and Dubai Parkin. Market Sector Financial Services Industrials Industrials • The offerings RAISED AED 3.57 BILLION, marking an outstanding
Slide 18: Successful Oversubscription
SUCCESSFUL OVERSUBSCRIPTION Sample of 17 successful IPOs and the demand they received, showing the liquidity connected to the market 37x 49x 47x 18x 165x Dewa Salik Empower Taaleem Parkin IPO - AED 22.3 billion IPO – AED 3.7 billion IPO – AED 2.7 billion IPO – AED 750 million IPO – AED 1.6 billion D
Slide 19: Regional & International Investors
REGIONAL & INTERNATIONAL INVESTORS 1 MILLION 200+ INSTITUTIONAL INVESTORS’ TRADING SHARE (%) INSTITUTIONAL OWNERSHIP (% OF MARKET CAP) TOTAL MARKET INVESTORS NATIONALITIES 65% 87% 70% 24% +44,259 85% 2013 Q1 2024 NEW INVESTORS Q1 2024 NEW INVESTORS 2013 Q1 2024 FOREIGN FOREIGN INVESTORS’ TRADING SHA
Slide 20: Market Performance
MARKET PERFORMANCE Q1 2024 HIGHLIGHTS MARKET 6% TOTAL TRADED 34% CAPITALIZATION VALUED (AED BN) 730 (AED BN) 688 582 101 90 375 411 72 344 340 60 66 53 19 25 2018 2019 2020 2021 2022 2023 Q1 2024 2018 2019 2020 2021 2022 2023 Q1 2023 Q1 2024 MARKET ADTV (AED MN) 36% NUMBER OF 30% TRADES (000) 403 39
Slide 21: Sector Diversification
SECTOR DIVERSIFICATION DUBAI'S REAL GDP BREAKDOWN1 – 9M 2023 DFM’S SECTOR BREAKDOWN2 – Q1 2024 DUBAI’S GDP Trade Others SPREAD OVER MANY DIFFERENT SECTORS 25% Trade 24% Utilities Real Estate 25% Financial Sector 20% 17% DFM LISTINGS Financials 41% Real Estate Manufacturing FOCUSED PRIMARILY ON 2 SEC
Slide 22: Sustainable Capital Market
SUSTAINABLE CAPITAL MARKET ESG INDEX S&P/HAWKAMAH ESG UAE INDEX The S&P/Hawkamah UAE ESG Index launched in 2020, comprised of 20 listed companies on the UAE exchanges and subject to annual assessment incorporating ESG 1,550 criteria against which the company’s disclosure practices are evaluated. 1,5
Slide 23: Index Inclusion
INDEX INCLUSION THE DRIVERS Amendment to foreign ownership law to operate a business in the UAE without a local sponsor, eligible for key sectors. • MSCI UAE • S&P UAE Price • DFM General Index Removal of minimum free-float for key sectors. • MSCI GCC Countries • S&P UAE Domestic Shari’a • DFM Shari
Slide 24: Operational & Financial Highlights
OPERATIONAL & FINANCIAL HIGHLIGHTS
Slide 25: Performance Highlights
PERFORMANCE HIGHLIGHTS Q1 2024 DFM witnessed a strong start to thew year. With the successful listing of Parkin, the first IPO of 2024, reflects DFM’s commitment to bringing more valuable assets to market and fostering growth and diversification within the marketplace. +171% +64% Increase in net pro
Slide 26: Share Performance
SHARE PERFORMANCE DFM PJSC CLOSING PRICE (AED) AGAINST DFMGI DIVIDENDS PER SHARE (AED) 1.70 DFM DFMGI 1.51 4,500 1.46 4,000 1.40 0.07 1.39 3,500 1.10 0.97 0.05 0.05 0.05 0.93 0.8 0.84 3,000 0.035 0.03 0.025 0.80 0.0168 2,500 0.50 2,000 2018 2019 2020 2021 2022 2023 Q1 2024 2013 2014 2015 2017 2019 2
Slide 27: Financial Highlights
FINANCIAL HIGHLIGHTS TOTAL REVENUE (AED MN) TOTAL REVENUE MIX (%) OPERATING EXPENSE BREAKDOWN (%) 541.6 (AED mn) 198.9 207.1 217.7 52.5 17% 16% 13% 10% 23% 1% 1% 1% 354.6 7% 27% 27% 6% 6% 6% 298.1 47% 57% 36% 12% 11% 10% 11% 148.1 90.1 56% 57% 41% 40% 33% 10% 12% 14% 18% FY 2021 FY 2022 FY 2023 Q1 2
Slide 28: Financial Highlights
FINANCIAL HIGHLIGHTS SELECTED BALANCE SHEET ITEMS (AED MN) MAIN FINANCIAL ASSETS (AED MN) MAIN FINANCIAL ASSETS BREAKDOWN (%) FY 2023 Q1 2024 Q1 2024 Managed Funds 1.4% Investment in Equity 3,101 2,952 Cash & Cash Equivalents 277 Securities Investment Deposits 16.0% Financial Assets Investment Depos
Slide 29: Consolidated P&L
CONSOLIDATED P&L FOR THE QUARTER ENDED (AED’000) 31 Mar 2023 31 Mar 2024 Income Trading commission fees 35,926 48,470 Brokerage fees 3,240 3,077 Clearing settlement and depositary fees 5,081 7,600 Listing and market data fees 2,482 2,592 Other fees 1,287 723 Operating income 48,016 62,462 Investment
Slide 30: Thank You
THANK YOU DUBAI FINANCIAL MARKET +971 4 305 5555 ir@dfm.ae dfm.ae ADDRESS Dubai World Trade Centre (Rashid Tower) Sheikh Zayed Road PO Box 9700 Dubai United Arab Emirates @DFMalerts Dubai Financial Market @dubaifinancialmarket dfm.ae
Dubai Financial Market PJSC — Q1 2024 Earnings Presentation on 6ix