Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — FY2016 Earnings Presentation
41 slides from Dubai Investment (p.j.s.c)'s earnings presentation, 2017
Slide 1: Dubai Investments PJSC Fiscal Year 2016 Investor Presentation
Dubai Investments PJSC Fiscal Year 2016 Investor Presentation
Slide 2: Content
Content Page 3 Management Summary Page 11 Fiscal Year 2016 Financial Highlights Page 18 4Q 2016 Financial Highlights Page 25 Outlook & Guidance Page 29 Portfolio Information Page 42 Disclaimer – Forward Looking Statements 2
Slide 3: Management Summary
Management Summary ) jlo aw Ww COD DUBAI INVESTMENTS.
Slide 4: Diversified Investment Company with over AED 16 billion in Total Assets
Diversified Investment Company with over AED 16 billion in Total Assets Three core business segments (Asset mix %) (at 31 December 2016) Manufacturing Property & Contracting 62% 19% 16.1 AED billion Investments 19% DIC was established in 1995 as an onshore Consistently growing Asset Base (AED bn)
Slide 5: Company History & Milestone
Company History & Milestone 2016 1999 2006 KCH Healthcare Masharie MODUL 1998 Emirates Float Glass Globalpharma Palisades Development Dubai Real Estate Investments Mirdif Hills Dubai Investments Park 1997 2003 2015 Emirates Glass EMICOOL 2008 Al Mal Capital Emirates Building Systems Lumiglass Techso
Slide 6: Share Information
Share Information Fundamental Information Share Price Development vs Book Value Per Share (AED) Exchange Dubai Financial Market 3.50 Symbol: DFM:DIC 3.00 ISIN AED000601016 2.50 Sector Investments & Financial Services 2.00 2016 Dividend 12% Cash and 5% Bonus shares Issued capital AED 4,049,452,642,00
Slide 7: Board of Directors
Board of Directors Chairman – Suhail Bin Fares Al Mazrui Director – Mohamed Saif Darwhish Ahmed Al Ketbi Suhail Bin Fares Al Mazrui holds a University Degree in Petroleum Engineering. Mohamed Al Ketbi has a degree in Business Administration majoring in Business He has a wide experience in Petroleum
Slide 8: Dubai Investments – Portfolio Snapshot
Dubai Investments – Portfolio Snapshot As of 31st Dec 2016 33.5% 5,393m DUBAI INVESTMENTS PARK 447m 2.78% AL MAL CAPITAL 21.21% 3,418m 10.1 3.0 3.0 billion billion DUBAI INVESTMENTS billion 18.8% 18.7% REAL ESTATE COMPANY 62.5% 2,555m 15.9% 2.30% 371m MANUFACTURING & INVESTMENTS CONTRACTING Equity &
Slide 9: Flagship asset: Dubai Investments Park - a “City within a City”
Flagship asset: Dubai Investments Park - a “City within a City” TOTAL AREA NET LEASE AREA 23 17 million m2 million m2 TENANTS INDUSTRIAL ~1,000 65% LEASED RESIDENTIAL 97% 25% 2016 INCOME COMMERCIAL 732 10% AED million 9
Slide 10: Management Strategy
Management Strategy Investment in a broad range of industrial companies - greenfield to mature businesses Diversification Real estate & investment portfolio designed to perform through market cycles and generate a steady and sustainable cash flow stream Launch healthcare and education sector f
Slide 11: Fiscal Year 2016 - Financial Highlights
Fiscal Year 2016 - Financial Highlights
Slide 12: Key Messages – Fiscal Year 2016
Key Messages – Fiscal Year 2016 Another strong year of financial and operating performance with an increase in total income by Group Result 14% over prior year in spite of challenging market conditions Total assets in excess of AED16 billion with healthy cash balance Robust growth in rental in
Slide 13: FY 2016 Key Performance Indicators
FY 2016 Key Performance Indicators Income and earnings (AED m) FY 2016 FY 2015 y-o-y (%) Total income 3,051 2,672 14.2% Total expenses (1,844) (1,566) 17.7% Profit for the period 1,207 1,105 9.2% Attributable profit 1,218 1,110 9.8% EBITDA 836.89 694.36 20.5% EPS (AED) 0.3 0.27 11.11% Total assets 1
Slide 14: FY 2016 Total Income Movement Year-on-year
FY 2016 Total Income Movement Year-on-year Total Income Bridge (AED m) 191 (6) (22) 102 (30) 1 (9) 67 (21) 134 3,051 (42) 2,672 FY 2015 Sale of goods Rental income Contract Sale of Gain on fair Gain on fair Gain on sale of Loss on sale of Share of profit Dividend Gain on FY 2016 and services revenue
Slide 15: Balance Sheet Development
Balance Sheet Development Total Assets (AED bn) Total Liabilities & Equity (AED bn) 5.2 5.2 5.6 5.6 11.0 11.3 10.1 10.7 10.9 10.9 9.1 9.7 1.6 1.6 1.7 1.7 2.5 2.5 2.7 2.5 30-Jun-15 31-Dec-15 30-Jun-16 31-Dec-16 30-Jun-15 31-Dec-15 30-Jun-16 31-Dec-16 Non-current assets Current assets Current liabilit
Slide 16: Balance Sheet Development since 31 December 2015
Balance Sheet Development since 31 December 2015 Total Non-Current Assets (AED m) (141) 210 (5) 146 (122) (76) (43) 1,741 10,902 (47) (3) 9,661 31-Dec-15 PP&E Goodwill & Investment Investments at Investment in Rent receivable Finance lease Inventories Trade Other 31-Dec-16 intangibles properties fai
Slide 17: Balance Sheet Development since 31 December 2015
Balance Sheet Development since 31 December 2015 Total Current Assets (AED m) (133) 20 (92) (6) 5,593 (169) 5,213 31-Dec-15 Inventories Investments at fair value Trade receivables Due from related parties Cash 31-Dec-16 through profit or loss 17
Slide 18: 4Q 2016 - Financial Highlights
4Q 2016 - Financial Highlights
Slide 19: 4Q 2016 Financial Performance at a Glance
4Q 2016 Financial Performance at a Glance INCOME EXPENSES EBITDA NET PROFIT EPS 864.9 (501) 198 364 0.09 AED million AED million AED million AED million AED per share TOTAL ASSETS CASH TOTAL LIABILITES DEBT / EQUITY ROE 16.1 1.3 4.2 23.5% 10.7% AED billion AED billion AED billion 19
Slide 20: 4Q 2016 Key Performance Indicators
4Q 2016 Key Performance Indicators Income and earnings (AED m) 4Q 16 3Q 16 4Q 15 q-o-q (%) y-o-y (%) Total income 865.0 814.3 810.5 6.2% 6.7% Total expenses (501.4) (474.1) (472.2) 5.8% 6.2% Profit for the period 363.6 340.2 338.3 6.9% 7.5% Attributable profit 368.0 334.4 358.1 10.1% 2.8% EBITDA 193
Slide 21: Q4 2016 Total Income Growth of 6.2% from Previous Quarter
Q4 2016 Total Income Growth of 6.2% from Previous Quarter Total Income (AED m) Total Expenses (AED m) 810.5 814.3 865.0 472.2 474.1 501.4 714.7 657 423.1 445.7 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 … of which Rental Income (AED m) Attributable Profit (AED m)
Slide 22: Continued Strong Growth in Rental Income
Continued Strong Growth in Rental Income Rental income (AED m) 230 217 220 207 199 187 188 173 165 190 151 183 180 141 143 145 172 130 134 164 159 162 122 154 150 139 124 123 130 121 115 109 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 2
Slide 23: DIC has maintained a disciplined approach to asset growth
DIC has maintained a disciplined approach to asset growth Total Assets Growth (AED bn) 5.2 5.2 5.2 5.7 5.6 5.8 5.2 5.7 5.7 5.6 4.3 4.5 10.5 10.9 10.9 8.9 9.0 9.0 8.8 9.0 9.1 9.3 9.7 9.7 1Q 14 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 3Q 16 4Q 16 Total non-current assets Total current ass
Slide 24: Low Leverage Structure
Low Leverage Structure Total debt (AED bn) Debt/equity (%) 27.5% 2.9 2.9 2.8 2.8 2.8 2.7 2.7 2.6 2.6 2.5 25.9% 2.3 25.7% 25.7% 2.2 2.2 2.1 2.1 2.0 24.9% 24.4% 24.6% 24.1% 23.9% 23.8% 23.4% 23.2% 23.5% 22.4% 20.9% 20.9% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Slide 25: Outlook & Guidance
Outlook & Guidance ) slow CUD DUBAI INVESTMENTS.
Slide 26: Outlook & Guidance for FY 2017
Dubai Investments to provide outlook for 2017 Outlook & Guidance for FY 2017 Total Income & Continue to generate sustainable growth backed by recurring cash flow streams Net Profit with a high single to low double digit growth in net profitability Diversify geographical footprint with expansion
Slide 27: Investor Relations Contact
Investor Relations Contact Mushtaq Masood Maher Rabah Group Chief Financial Officer Investor Relations Dubai Investments PJSC Dubai Investments PJSC PO Box 28171 PO Box 28171 Dubai, UAE Dubai, UAE Phone +971 4 8122 400 Phone +971 4 8122 400 Email mushtaq@dubaiinvestments.com Email maher@dubaiinvestm
Slide 28: Portfolio Information
Portfolio Information ) jlo aw Ww COD DUBAI INVESTMENTS.
Slide 29: Dubai Investments Park - Industrial & Commercial
Dubai Investments Park - Industrial & Commercial Business Overview Dubai Investments Park (DIP) is a self-contained mixed-use industrial, commercial and residential complex. Spread over a total area of 2,300 hectares, DIP is based on a pioneering concept of creating a “city within a city”. Includes
Slide 30: Dubai Investments Park – Residential
Dubai Investments Park – Residential Business Overview DIP residential areas offer a variety of options from high-end residential living to staff accommodation. This comprises across several communities: • The Green Community - villas, townhouses, apartments • Ritaj - apartments • Dunes Village - ap
Slide 31: Properties Investment
Properties Investment Business Overview Properties Investments is involved in investment in, and development of, real estate properties and has developed prestigious residential and recreational projects such as the Green Community and Courtyard Marriott in DIP. Properties Investments was formed in
Slide 32: Dubai Investments Real Estate Company – Ritaj
Dubai Investments Real Estate Company – Ritaj Ritaj residential community Location: Dubai Investments Park Size: 2.58 million square feet Objects: 11 residential blocks 1,343 studio apartments 447 one bedroom apartments 194 two bedroom apartments 40 three bedroom apartments The low rise community al
Slide 33: Dubai Investments Real Estate Company – Mirdif Hills
Dubai Investments Real Estate Company – Mirdif Hills Mirdif Hills is a 3.9 million sqft mixed-use residential, commercial, hotel and retail project under development Development Overview • Mushrif Park, Mirdif, Dubai • Freehold plot 949,999 sqft • 993 residential apartments and 66 serviced apartment
Slide 34: Al Taif Investment
Al Taif Investment Business Overview Currently working to develop an AED 460 million mixed-use commercial and residential project in Fujairah Partnership between Dubai Investments and Government of Fujairah Business Overview 60% Dubai Investments 40% Government of Fujairah 34
Slide 35: Masharie
Masharie Business Overview Investments in medium and large-sized companies operating in construction materials, contracting, interior design and related activities. Aluminum sheet Aluminum extrusions for Aluminum design, production construction and manufacturing and Ownership industrial sector insta
Slide 36: Dubai Investments Industries
Dubai Investments Industries Business Overview DII is the greenfield investment arm of Dubai Investments across diversified industry sectors Steel structure Overhead lifting solutions Polystyrene insulation • Acquired 26.75% stake in King’s College Hospital manufacturing and maintenance board materi
Slide 37: Emirates Building Systems
Emirates Building Systems Business Overview Leading manufacturer of steel structures in the UAE with offices in other GCC countries, Pakistan, Bangladesh and United States. Manufactures hot rolled structures, pre-engineered buildings, aluminum and steel sheeting, insulated panels, building accessori
Slide 38: Glass
Glass Business Overview Premium quality glass solutions from float glass manufacturing of high end architectural glass and float laminated glass Five subsidiaries: Emirates Float Glass UAE’s largest float glass facility with capacity of 600t of glass per day Emirates Glass Architectural glass Saudi
Slide 39: Emicool
Emicool Business Overview Emicool is a B2B and B2C district cooling company that provides clean, efficient and innovative solutions to a number of communities in the UAE. Established in 2003 as joint venture between Dubai Investments and Union Properties. Ownership 50% Dubai Investments 50% Union Pr
Slide 40: Al Mal Capital
Al Mal Capital Business Overview Al Mal Capital, founded in 2005, is a diversified, multi-line investment banking firm headquartered in Dubai. Licensed and regulated by the UAE Central Bank, Al Mal Capital offers a wide range of investment products spread across its business lines of investment bank
Slide 41: Disclaimer – Forward Looking Statements
Disclaimer – Forward Looking Statements This presentation has been prepared solely for informational purposes. The presentation may contain forward looking statements, which reflect our beliefs or current expectations and assumptions regarding the future of the business, future plans and strategies,
Dubai Investments PJSC — FY2016 Earnings Presentation on 6ix