Dubai Taxi Co. Pjsc · DFM:DTC
Dubai Taxi Co. Pjsc — Dubai Taxi Company PJSC — Q2 2025 Earnings Presentation
27 slides from Dubai Taxi Co. Pjsc's earnings presentation, Jun 30, 2025
Slide 1: DTC Earnings Presentation
DTC EARNINGS PRESENTATION For the second quarter ended 30 June 2025 1
Slide 2: Disclaimer
DISCLAIMER Dubai Taxi Company PJSC (“DTC” or the “Company”) has prepared this presentation (“Presentation”). DTC bases its information on sources considered reliable; however, it does not assure its accuracy or completeness. While this presentation may contain projections and forward-looking stateme
Slide 3: Agenda
AGENDA 1 Key Highlights 2 Operational Performance 3 Financial Review 4 Closing Remarks 5 Q&A 3
Slide 4: Key Metrics – H1 2025
KEY METRICS – H1 2025 Strong operational and Revenue EBITDA Net Profit financial performance AED AED AED 1,213 335 189 mn mn mn 11% 12% 8% 17% 1% 15% Reported LFL Reported LFL Reported LFL Fleet Size (1) Total Drivers (1) Total Trips (2) 10,180 18,335 26.4 mn 23% YoY 7% YoY 14% YoY Note: (1) Across
Slide 5: Key Highlights in H1 2025
KEY HIGHLIGHTS IN H1 2025 Exclusive five-year strategic partnership with Dubai Airports to meet the demand Unlocking of the growing influx of tourists and visitors Value With Partnerships talabat and Bolt entered into a strategic partnership, offering exclusive discounts on Bolt rides to talabat pro
Slide 6: Capitalising on Favourable Macro Trends
CAPITALISING ON FAVOURABLE MACRO TRENDS Organic growth across all segments underpinned by favourable macro fundamentals Robust Macroeconomic Outlook Leading Tourist Destination with World’s Busiest Airport Dubai welcomed 8.7 million international visitors from January to May this year, an increase o
Slide 7: Operational Performance
OPERATIONAL PERFORMANCE 7
Slide 8: Robust Operational Performance
ROBUST OPERATIONAL PERFORMANCE Fleet Size Number of Trips (Million)1 10,180 13.6 8,247 2,164 7,145 11.3 11.4 1,168 1,161 597 1,132 645 945 437 387 6,210 5,216 5,510 Q2 23 Q2 24 Q2 25 Q2 23 Q2 24 Q2 25 Taxi Limousine Bus Delivery Bike Strong fleet expansion across all vehicle segments, Consistent gro
Slide 9: Unlocking Value with Bolt Partnership
UNLOCKING VALUE WITH BOLT PARTNERSHIP Ongoing improvement in operational performance App Downloads Cars Registered (1) Fleet Partners 443k 22.3k 272 Significant operational progress in Q2 2025, with a substantial rise in Average ETA app downloads and car registrations during the period DTC’s taxis w
Slide 10: H1 2025 Financial Review
H1 2025 — FINANCIAL REVIEW ==
Slide 11: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue EBITDA AED million AED million % ∆ YoY Margin 17.7% 11.4% % ∆ YoY 26.2% 29.6% 28.4% 27.6% 8.3% 28.9% 16.9% 1,218.6 11.8% 29.6% 29.8% 32.1% 16.7% 360.9 620.9 1,213.4 184.0 1,089.6 309.3 335.0 531.2 625.1 139.3 180.6 Q2 24 Q2 25 H1 24 H1 25 Q2 24 Q2 25 H1 24 H1 25 Net Prof
Slide 12: Growing Revenue Across Segments
GROWING REVENUE ACROSS SEGMENTS Taxi Limousine Factors driving Revenue 87% CONTRIBUTION 5% CONTRIBUTION performance during Q2 2025: AED million AED million 5.1% Taxi 12.5% Revenue increase driven by the expansion of our 8.0% fleet, which enabled higher service capacity, while 17.8% 64.8 maintaining
Slide 13: Delivering Solid Core Gross Profit
DELIVERING SOLID CORE GROSS PROFIT Taxi Limousine Factors driving Gross Profit AED million AED million performance during Q2 2025: 19.2% 26.1% 22.0% 26.4% 12.2% 2.8% 17.9% 6.2% 35.2% -63.6% Taxi Improved profitability resulted primarily from lower 60.5% -74.9% fuel prices during current period 278.2
Slide 14: Disciplined Cost Management
DISCIPLINED COST MANAGEMENT Total Operating Expenses Breakdown Commentary on operating expenses during Q2 2025: 506 Staff costs 448 16 Represented the majority of expenses during the year 8 80 amounting to 35% of total expenses, and increasing by Other G&A 16% YoY driven by higher drivers’ commissio
Slide 15: Robust Improvement in Profitability
ROBUST IMPROVEMENT IN PROFITABILITY Factors driving EBITDA EBITDA performance during the period: EBITDA Margin AED million 94 28.9% EBITDA increased 29.6% YoY to AED 181 million in Q2 2025 26.2% (36) 10 181 driven by a significant increase in trips and revenue, coupled (9) 2 3 (9) with a reduced imp
Slide 16: Healthy Balance Sheet
HEALTHY BALANCE SHEET Balance Sheet – 30 June 2025 Net Debt Balance Sheet highlights: Net Debt / LTM EBITDA AED million Total: AED 2,451.2 million Other 9% Due to Related Solid Balance Sheet 13% Parties Cash & Cash Significant cash balance of AED 236 million as at 30 Equivalents 1.1x 1.2x 1.2x 10% J
Slide 17: Attractive Dividend Profile
ATTRACTIVE DIVIDEND PROFILE Dividends (AED Million) Payout Ratio (% of Net Income) Dividend policy with semi-annual dividend distributions to 85% 85% 85% shareholders Targeting dividend distribution of at least 85% of annual net profit 159.3 160.7 122.3 H1 2024 H2 2024 H1 2025 Reflects expectation o
Slide 18: Closing Remarks
CLOSING REMARKS 18
Slide 19: Summary
SUMMARY Positive Macro Taxi Market Leader, Robust Financial Multiple Strategic Attractive Environment e-hailing Powerhouse Performance Levers Dividend Population and tourism Number 1 Taxi operator Delivering robust New strategy launched Attractive Dividend growth coupled with the in Dubai by market
Slide 20: Q&A Session
Q&A SESSION 20
Slide 21: Appendix
APPENDIX 21
Slide 22: Dubai's Flagship Mobility Company
DUBAI’S FLAGSHIP MOBILITY COMPANY Comprehensive mobility solutions across four key segments Dominant Taxi segment market share #1 27% Cars Taxi Taxi services through Limousine with Chauffeur- School and commercial Last-mile delivery Taxi Operator in Dubai (1) large eco-friendly fleet driven luxury v
Slide 23: Bold Strategy Enabling an Ambitious Vision
BOLD STRATEGY ENABLING AN AMBITIOUS VISION Vision The preferred mobility choice for everyone Mission Leading in digital and safe mobility services that meet communities’ needs for convenience, connectivity, and sustainability Strategic Objectives 01. 02. 03. 04. 05. 06. Ensure sustainable growth Ens
Slide 24: Clearly Defined Opportunities
CLEARLY DEFINED OPPORTUNITIES Business Verticals and Strategic Opportunities Taxi Limousine Bus Delivery Digital Additional plates Fleet increases Optimise operations Double down on market Bolt e-hailing platform (with potential restructuring) share Optimise operations Digital channel growth Loyalty
Slide 25: Delivering Growth Sustainably
DELIVERING GROWTH SUSTAINABLY Largest environmentally RTA’s ESG Strategy friendly fleet in Dubai Hybrid / electric vehicles as a % of Total Fleet (Taxi and limousine) Taxi Fleet Net Zero Environment 100% 0 >88% 100% Environmentally- Emissions in public Current Targeted Friendly transportation by Ahe
Slide 26: Taxi Tariff Trends
TAXI TARIFF TRENDS Per KM fare (AED) +11% since IPO (Airport) Steady Fare Increases Implemented +8% since IPO (City) RTA introduced incremental taxi tariff increases, The RTA has been reviewing taxi tariffs every two months based on including a 7 fils adjustment in July 2025, resulting in prevailing
Slide 27: For enquiries, please contact Investor Relations
For enquiries, please contact Investor Relations ir@dtc.gov.ae 27
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