Dubai Taxi Co. Pjsc · DFM:DTC
Dubai Taxi Co. Pjsc — Dubai Taxi Company PJSC — FY2024 Earnings Presentation
23 slides from Dubai Taxi Co. Pjsc's earnings presentation, February 2025
Slide 1: Earnings Presentation
Dubai Taxi Company PJSC Earnings Presentation For the year ended 31 December 2024
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 Business Overview and Strategy 3 Financial Review 4 Closing Remarks 5 Q&A
Slide 4: Key Highlights in FY 2024
Key Highlights in FY 2024 Expanding Fleet Size Unlocking Value Driving Long-Term and Offering With Partnerships Value Creation • 994 taxi plates awarded during the year, • Strategic partnership with Bolt achieved • Launched new strategy for 2025 to bringing the total operational fleet to impressive
Slide 5: Key Metrics – FY 2024
Key Metrics – FY 2024 Strong operational and financial performance Revenue EBITDA Profit Before Tax AED 2,197 mn AED 584 mn AED 364 mn 12% YoY 19% YoY 6% YoY Fleet Size (1) Total Drivers (1) Total Trips (2) 9,418 18,621 48.9 mn 26% YoY 25% YoY 6% YoY Note: (1) Across all business lines as of 31 Dece
Slide 6: Robust Operational Performance
Robust Operational Performance Fleet Size Number of Trips (Million)1 9,418 8,793 7,838 8,247 13.3 7,385 7,482 1,841 6,847 7,145 1,168 1,544 752 1,008 597 707 1,151 299 1,132 1,152 1,127 466 945 945 1,075 1,127 387 437 437 12.3 387 387 387 387 12.0 11.7 11.8 5,510 5,660 5,960 11.3 11.4 5,216 5,216 5,
Slide 7: Business Overview & Strategy
Business Overview & Strategy
Slide 8: Bold New Strategy Enabling an Ambitious Vision
Bold New 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 1 2 3 4 5 6 Ensure sustainable Create a positive
Slide 9: 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 • Bolt e-hailing (with potential market share platform • Optimise operations • Digital channel restructuring)
Slide 10: Unlocking Value with Bolt Partnership
Unlocking Value with Bolt Partnership More than one million trips between December and mid-January… … with over 200 partners onboarded, including around 18,000 drivers 100% owned subsidiary Potential to create the UAE’s Largest e-Hailing Platform of DTC Landmark strategic partnership brings together
Slide 11: Capitalising on Favourable Macro Trends
Capitalising on Favourable Macro Trends Organic growth across all segments underpinned by favourable macro fundamentals Robust Macroeconomic Outlook Record Infrastructure Spending Dubai’s Government unveiled its largest government budget for 2025-2027 of AED 272 billion, with 46% of 2025’s budget al
Slide 12: FY 2024 Financial Review
FY 2024 Financial Review VVVVVvvvvvvew
Slide 13: Financial Highlights
Financial Highlights Revenue (AED Million) EBITDA (AED Million) EBITDA Margin 25.1% 26.6% 12.4% 19.4% 24.2% 25.4% 11.1% 16.7% 1,954 2,197 584 489 540 600 130 152 Q4 23 Q4 24 FY 23 FY 24 Q4 23 Q4 24 FY 23 FY 24 Profit Before Tax (AED Million) Net CapEx (AED Million) Profit Before Tax Margin 38.3% 17.
Slide 14: Growing Revenue Across all Segments
Growing Revenue Across all Segments Taxi (AED Million) Limousine (AED Million) Factors driving Revenue performance during 87% of total revenue 6% of total revenue the period: 12.0% 8.1% Taxi: Revenue increase driven by increased 23.7% trips, supported by an expanded fleet as well 13.3% as slightly h
Slide 15: Delivering Solid Gross Profit
Delivering Solid Gross Profit Taxi (AED Million) Limousine (AED Million) Factors driving Gross Profit performance 24.7% 24.4% 14.5% 18.4% during the period: 10.5% 37.7% Taxi: Higher revenue partially offset by 25.2% 28.2% 18.8% 17.6% increased staff cost, depreciation, insurance 26.6% and license fe
Slide 16: Disciplined Cost Management
Disciplined Cost Management Total Operating Expenses Breakdown (AED Million) Commentary on operating expenses during the period: 1,792 • Staff costs represented the majority of expenses during the year amounting to 1,566 241 35% of total expenses, and increasing by 208 56 62 Other G&A 17% YoY driven
Slide 17: Attractive EBITDA Margin and Like-for-Like Net Profit Growth
Attractive EBITDA Margin and Like-for-Like Net Profit Growth EBITDA (AED Million) EBITDA Margin Factors driving EBITDA performance during the period: 26.6% 25.1% (146) 9 40 • EBITDA increased 19% YoY to AED 584 243 (44) (8) million in 2024, driven by strong top-line growth across all segments as wel
Slide 18: Healthy Balance Sheet
Healthy Balance Sheet Balance Sheet – 31 December 24 Net Debt (AED Million) Balance Sheet highlights during the Total: AED 2,318.4 million Net Debt / LTM EBITDA period: Other Assets 5% Due to Related Solid Balance Sheet: Significant cash 12% Cash & Cash Parties 1.3x 1.3x 1.1x balance of AED 336 mill
Slide 19: Attractive Dividend Profile
Attractive Dividend Profile Dividends (AED Million) Payout Ratio (% of Net Income) Dividend policy with semi-annual dividend distributions to 91% 85% 85% shareholders Targeting dividend distribution of at least 85% of annual net profit 159.3 122.3 71.0 Q4 2023 H1 2024 H2 2024 Reflects expectation of
Slide 20: Closing Remarks
Closing Remarks
Slide 21: Summary
Summary Positive Macro Clear market Robust Financial Multiple Strategic Attractive Environment Leadership 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 share financial p
Slide 22: Q&A Session
Q&A Session
Slide 23: For enquiries, please contact Investor Relations
For enquiries, please contact Investor Relations: ir@dtc.gov.ae
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