Dubai Financial Market (dfm) - Pjsc · DFM:DFM
Dubai Financial Market (dfm) - Pjsc — Dubai Financial Market PJSC — 9M 2024 Earnings Presentation
25 slides from Dubai Financial Market (dfm) - Pjsc's earnings presentation
Slide 1: Investor Presentation 9M 2024
INVESTOR PRESENTATION 9M 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 10 BUSINESS HIGHLIGHTS 13 OPERATIONAL & FINANCIAL HIGHLIGHTS 20 INVESTOR PRESENTATION / 9M 2024 3 dfm.ae
Slide 4: Welcome to DFM
WELCOME TO DFM
Slide 5: 1st Exchange, 1st Regional, 1 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 / 9M 2024 5 dfm.ae
Slide 6: Our Market
OUR MARKET OWNERSHIP STRUCTURE AS OF 30 SEPT 2024 2 EXCHANGES 1 CAPITAL MARKET COMBINED LIQUIDITY POOL Public Float By Nationality 19.34% 93.98% UAE 6.02% International 80.66% 33.3% Borse Dubai 80.66% 66.7% DFM leverages integrated operations with its subsidiary Dubai Central Clearing and Depository
Slide 7: DFM at a Glance
DFM AT A GLANCE 9M 2024 HIGHLIGHTS PERFORMANCE +10.9% AED 142BN AED 757BN DFMGI CAPITAL RAISED MARKET PERFORMANCE SINCE INCEPTION* CAPITALIZATION TRADING AED 73BN AED 387MN 1.7MN TOTAL TRADED VALUE AVERAGE DAILY TRADED TRADES EXECUTED -6% y-o-y VALUE (ADTV) -7% y-o-y +19% y-o-y LISTINGS 68 158 37 *
Slide 8: 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 9: 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 10: Dubai's Economic Outlook
DUBAI’S ECONOMIC OUTLOOK OC). )) PIKINOO.D
Slide 11: Macroeconomic Overview
MACROENOMIC OVERVIEW KEY HIGHLIGHTS NUMBER OF FDI PROJECTS AND FDI INFLOWS (AED)1 • Dubai remains the No. 1 global ranking for Greenfield FDI projects in 2023, marking its 36.18 third consecutive year. 1650 44.78 • Dubai welcomed 11.93 million international overnight visitors during the first eight
Slide 12: Macroeconomic Overview
MACROENOMIC OVERVIEW KEY HIGHLIGHTS DUBAI GDP GROWTH (%) 1 • Dubai’s gross domestic product (GDP) grew 3.2% in Q1 2024 compared to the same period last year. 6.2 4.4 3.1 3.1 2.7 3.3 3.2 • In September the UAE’s PMI non-oil sector dropped to 53.8 from 54.2 in August, 2.1 overall staying well above th
Slide 13: Business Highlights
BUSINESS HIGHLIGHTS (CC (COOoN2
Slide 14: IPOs & New Listings
IPOs & NEW LISTINGS KEY HIGHLIGHTS Date 21 Mar 2024 9 May 2024 • DFM WELCOMED TWO NEW IPOS from Parkin and Spinneys. • The offerings RAISED AED 2.95 BILLION, marking an Market Sector Industrials Consumer Staples outstanding achievement. The overwhelming investor demand led to an oversubscribed val
Slide 15: Successful Oversubscription
SUCCESSFUL OVERSUBSCRIPTION Sample of 18 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 1.57 billion
Slide 16: Regional & International Investors
REGIONAL & INTERNATIONAL INVESTORS 1.1+ MN 200+ INSTITUTIONAL INVESTORS’ TRADING SHARE (%) INSTITUTIONAL OWNERSHIP (% OF MARKET CAP) TOTAL MARKET INVESTORS NATIONALITIES 65% 86% 70% 24% +91,151 85% 2013 9M 2024 NEW INVESTORS 9M 2024 NEW INVESTORS 2013 9M 2024 FOREIGN FOREIGN INVESTORS’ TRADING SHARE
Slide 17: Market Performance
MARKET PERFORMANCE 9M 2024 HIGHLIGHTS MARKET 10% TOTAL TRADED -6% CAPITALIZATION 757 VALUED (AED BN) (AED BN) 688 582 101 90 411 72 78 73 344 375 340 66 60 53 2018 2019 2020 2021 2022 2023 9M 2024 2018 2019 2020 2021 2022 2023 9M 2023 9M 2024 MARKET ADTV (AED MN) -7% NUMBER OF 20% TRADES (000) 403 4
Slide 18: Sector Diversification
SECTOR DIVERSIFICATION DUBAI'S REAL GDP BREAKDOWN1 – Q1 2024 DFM’S SECTOR BREAKDOWN2 – 9M 2024 DUBAI’S GDP Others Trade SPREAD OVER MANY DIFFERENT SECTORS 25% Trade 23% Utilities Real Estate 25% Financial Sector 20% 18% DFM LISTINGS Financials 41% Real Estate Manufacturing FOCUSED PRIMARILY ON 2 SEC
Slide 19: 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 1600 companies on the UAE exchanges and subject to annual assessment incorporating ESG 1500 criteria against which the company’s disclosure practices are evaluated.
Slide 20: Operational & Financial Highlights
OPERATIONAL & FINANCIAL HIGHLIGHTS
Slide 21: Share Performance
SHARE PERFORMANCE DFM PJSC CLOSING PRICE (AED) AGAINST DFMGI DIVIDENDS PER SHARE (AED) 1.70 DFM DFMGI 1.51 5,000 4,500 1.40 1.31 4,000 0.07 1.39 0.05 0.05 0.05 1.10 0.97 0.93 0.84 3,500 0.8 0.035 3,000 0.03 0.025 0.80 0.0168 2,500 0.50 2,000 2018 2019 2020 2021 2022 2023 9M 2024 2013 2014 2015 2017
Slide 22: Financial Highlights
FINANCIAL HIGHLIGHTS TOTAL REVENUE (AED MN) TOTAL REVENUE MIX (%) OPERATING EXPENSE (PRE-TAX) BREAKDOWN (%) 547.4 (AED mn) 198.9 207.1 217.7 161.6 460.3 17% 16% 16% 23% 24% 1% 1% 0.1% 1% 354.6 356.0 27% 27% 6% 6% 7% 7% 298.1 39% 36% 46% 12% 11% 10% 9% 56% 57% 41% 45% 30% Interest Expense 10% 12% 14%
Slide 23: Financial Highlights
FINANCIAL HIGHLIGHTS SELECTED BALANCE SHEET ITEMS (AED MN) MAIN FINANCIAL ASSETS (AED MN) MAIN FINANCIAL ASSETS BREAKDOWN (%) FY 2023 9M 2024 9M 2024 Managed Funds 1% Investment in Equity 3,101 3,515 Cash & Cash Equivalents 249 Securities Investment Deposits 15% Financial Assets Investment Deposits
Slide 24: Consolidated P&L
CONSOLIDATED P&L FOR THE NINE MONTHS ENDED (AED’000) 31-Dec-22 31-Dec-23 9M 2023 9M 2024 Income Trading commission fees 200,493 226,064 160,030 138,179 Brokerage fees 13,646 12,108 9,591 9,280 Clearing settlement and depositary fees 25,679 88,905 28,911 76,345 Listing and market data fees 9,981 11,2
Slide 25: 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 — 9M 2024 Earnings Presentation on 6ix