National Central Cooling Co. (P.S.C.) (Tabreed) · DFM:TABREED
National Central Cooling Co. (P.S.C.) (Tabreed) — National Central Cooling Company PJSC (Tabreed) — Q3 2009 Earnings Presentation
14 slides from National Central Cooling Co. (P.S.C.) (Tabreed)'s earnings presentation, Nov 18, 2009
Slide 1: Tabreed Quarterly Update 18th November 2009
Tabreed Quarterly Update 18th November 2009
Slide 2: Disclaimer
Disclaimer • These materials have been prepared by the National Central Cooling Company PJSC, ‘Tabreed’ (the “Company”). • • These materials are for information purposes only and do not constitute a prospectus, offering memorandum or offering circular or an offer to sell any securities and are not i
Slide 3: Agenda
Agenda • Introduction • CEO Report – Sujit Parhar – Overview – Operational Review – Capacity Outlook • Financial Review – Steve Ridlington – Q3 Highlights – Financing Activity • Summary • Question and Answer Session 3
Slide 4: CEO Report & Operational Review
CEO Report & Operational Review Sujit Parhar CEO 4
Slide 5: Overview
Overview • 2009 has been a year of transition with new appointments, revamped governance process and re-positioning of several large projects • New senior management team - 12 of 16 senior management team are new appointments – New CEO & CFO – New Project Director, Commercial Director, IT Director,
Slide 6: Tabreed's Operations
Tabreed’s Operations Overview of Business Segments Key Metrics 9M • Tabreed’s core business is the provision of District Cooling All figures in AED mm 2005 2006 2007 2008 2009 solutions in the UAE and across the GCC region Revenues 401 470 565 735 571 Growth % 66% 17% 20% 30% 15%* EBITDA 127 164 180
Slide 7: Operational Year: UAE Operational Plants – Installed Capacity
UAE Operational Plants – Installed Capacity • In total 111,925 RT of capacity coming online in 2009, increasing year end capacity to 454k RT (gross) from 342k RT (gross) in 2008 • The increase reflects 12 plants expected to complete in 2009 • Of the 12, three new plants commissioned so far in 2009,
Slide 8: Plant Construction
Plant Construction Plant Date Installed Capacity Al Ain University Q2 10,000 Yas Island Q3 35,000 T7 ZMC Q3 8,000 Al Wadi Scheme Q4 2,000 SZR Dubai 2 Q4 7,500 T8 ZMC Q4 10,000 Fujairah Naval Base Q4 4,400 Jebel Ali Industrial Q4/2010 4,400 Al Barchaa Q4/2010 7,500 Al Rigga Q4/2010 10,000 Rashidiya P
Slide 9: Financial Review
Financial Review Steve Ridlington CFO 9
Slide 10: Q3 Financial Overview
Q3 Financial Overview Key Metrics • Sales up 15%. Strong contribution from Figures in AED '000 9m to 2009 9m to 2008 % Change Chilled Water and GES. Increased contribution from Qatar Cool Sales 570,704 498,343 15% • Gross Profits up 9% due to sharp drop in sales revenue at IBA Gross Profit 260,136 2
Slide 11: Financing Activity
Financing Activity • Net Cash balance of AED 384m at 30 September 2009 • New AED 300m facility closed, AED 200m drawn • In advanced stages of securing additional AED 300m facility • Managing payments to contractors in accordance with liquidity availability 11
Slide 12: Summary
Summary • Resilient Q3 results posted • Strengthened management team • Focus remains on cost discipline, improving productivity and delivering pipeline of new projects • Positioning for the future – Grow a stable and long term business • New management focusing on delivering better returns for its s
Slide 13: Question and Answer session
Question and Answer session 13
Slide 14: Contact Details
Contact Details For further information please contact Kalpesh Shah Investor Relations Associate kshah@tabreed.com +971 2 645 5007 14
National Central Cooling Company PJSC (Tabreed) — Q3 2009 Earnings Presentation on 6ix