Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — 9M 2024 Earnings Presentation
30 slides from Dubai Investment (p.j.s.c)'s earnings presentation, Sep 30, 2024
Slide 1: Dubai Investments PJSC Investor Presentation 9M 2024
DUBAI INVESTMENTS PJSC For the nine-month period ended 30th September 2024 (“9M 2024”) Investor Presentation
Slide 2: Content
CONTENT Page 3 Dubai Investments Overview Page 10 Management Summary – 9M 2024 Financial Highlights Page 17 Operational Performance by Business Segment – 9M 2024 Page 21 Management Strategy & Outlook Page 23 Portfolio Information – Flagship Assets Page 27 Investor Relations Contacts and Awards Page
Slide 3: Dubai Investments Overview
Dubai Investments Overview 3
Slide 4: A Diversified Investment Company Listed on DFM
A Diversified Investment Company Listed on DFM Dubai Investments Overview – Total Assets of c. AED 21.8 billion with c. 15,500 shareholders A Glance at Dubai Investments Shareholders (September 2024) ESTABLISHMENT 11.5% Investment Corp. of Dubai OWNERSHIP TYPE 6.1% In 1995 as an on-shore Publicly li
Slide 5: Board of Directors - A Well Seasoned and Experienced Team
Board of Directors - A Well Seasoned and Experienced Team Chairman – Abdulrahman Ghanem A. Al Mutaiwee Vice Chairman & CEO – Khalid Jassim Bin Kalban Mr. Abdulrahman Ghanem A. Al Mutaiwee is a high-ranking diplomat and has held senior Mr. Khalid Bin Kalban has extensive experience in Manufacturing &
Slide 6: Diversified Portfolio of Assets Across Property, Manufacturing and Investments
Diversified Portfolio of Assets Across Property, Manufacturing and Investments Total Assets 36% 7,889m AED 21.8 BN As at 30th September 2024 DUBAI INVESTMENTS Amounts in AED PARK DEV. COMPANY 19% 23% 5,068m DUBAI INVESTMENTS REAL ESTATE COMPANY 15.6 2.0 billion 4.2 4,009m TREASURY PORTFOLIO billion
Slide 7: Dubai Investments – A Diversified Portfolio of Investments
Dubai Investments – A Diversified Portfolio of Investments 7
Slide 8: 25+ Years of Building Businesses and Creating Shareholder Value
25+ Years of Building Businesses and Creating Shareholder Value Long-term investment approach in building underlying value for investors – provide the necessary strategic direction along with growth capital; exit businesses which have matured - enhance shareholder value through capital gains INVESTM
Slide 9: Consistent Dividend Paying Company
Consistent Dividend Paying Company Annual Dividends Paid (AED million) & Annual Dividend Per Shareholder Returns – DIC vs. DFMGI Index Share (AED) 250 1,200 0.220 0.200 200 1,000 65.9% 0.170 0.120 850 62.1% 800 150 0.120 0.120 0.120 0.125 0.120 0.100 0.100 600 0.080 100 532 0.070 510 510 486 486 400
Slide 10: Management Summary – 9M 2024 Financial Highlights
Management Summary – 9M 2024 Financial Highlights 10
Slide 11: 9M 2024 – Financial Information
9M 2024 – Financial Information SUMMARY OF PROFITS AND LOSSES SUMMARY OF FINANCIAL POSITION (AED’ 000) 9M 2024 9M 2023 (AED’ 000) 30th Sep 2024 31st Dec 2023 30th Sep 2023 for 9-month period ended 30th Sep Property, plant and equipment 1,424,555 1,486,999 1,476,904 Sales of goods and provision of se
Slide 12: 9M 2024 – Financial Highlights: Well Capitalized and Profitable Company
9M 2024 – Financial Highlights: Well Capitalized and Profitable Company TOTAL INCOME EBITDA PROFIT ATT. TO EPS ROE* SHAREHOLDERS 2,962.3 857.1 650.5 0.15 6.4% AED million AED million AED million AED per share TOTAL ASSETS CASH/CASH NET DEBT ** EQUIT Y ATT. TO NET DEBT / TOTAL EQUIVALENTS & SHAREHOLD
Slide 13: Key Messages: 9M 2024
Key Messages: 9M 2024 ▪ The Group reported a total income of AED 2,962.3 million as compared to AED 2,999.2 million during the prior period. The Group recorded a significantly higher gain on FV of investment properties of AED 515.7 million during the prior period (9M 2023) as compared to AED 106.6 m
Slide 14: Evolution by Quarter: Rental Income remains key contributor to Total Income
Evolution by Quarter: Rental Income remains key contributor to Total Income Total Income and Rental Income (AED Million) EBITDA (AED Million) 701 1,725 211 1,238 1,107 983 1,019 1,013 968 258 932 761 786 253 792 283 305 275 312 305 239 225 239 253 272 237 267 241 209 207 246 188 196 552 579 1,514 74
Slide 15: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED Million) 22.1 ( 11.8 ) 31.1 1.8 ( 0.3 ) ( 409.1 ) 258.8 ( 11.3 ) 59.4 22.4 2,999.2 2,962.3 9M 2023 Sale of goods and provision Rental income Contract revenue Sale of properties Gain on FV of investment Gain on FV of investments Gain on sale
Slide 16: Growth in Assets & Liabilities due to Acquisitions & Growth in Real Estate Portfolio
Growth in Assets & Liabilities due to Acquisitions & Growth in Real Estate Portfolio Total Assets (AED Billion) Total Liabilities & Total Equity (AED Billion) 21.9 21.9 21.4 21.5 21.8 21.8 21.9 21.9 20.8 20.5 21.0 20.9 21.1 21.4 21.5 21.8 21.8 20.8 20.5 21.0 20.9 21.1 4.4 4.3 4.4 4.2 4.3 4.2 4.1 4.0
Slide 17: Operational Performance by Business Segment – 9M 2024
Operational Performance by Business Segment – 9M 2024 17
Slide 18: Property Segment – Development of Real Estate for Sale and Leasing
Property Segment – Development of Real Estate for Sale and Leasing Property Financial highlights ▪ The Group reported a total income of AED 1,736.7 million in 9M 2024 from this segment Total Income (AED m) against AED 1,825.9 million reported during the prior period. This decline in total income is
Slide 19: Manufacturing Segment – Manufacturing, District Cooling, Healthcare and Education
Manufacturing Segment – Manufacturing, District Cooling, Healthcare and Education Manufacturing, Contracting & Services Financial highlights ▪ This segment witnessed a marginal increase in total income of AED 6.5 Total Income (AED m) million in 9M 2024 as compared to the prior period to reach AED 94
Slide 20: Financial Inv. Segment – Strategic Interests in Associates & Financial Investments
Financial Inv. Segment – Strategic Interests in Associates & Financial Investments Financial Investments Financial highlights ▪ Total income from this segment was AED 284.5 million during 9M 2024 as Total Income (AED m) compared to AED 238.7 million during the prior period 1,036 ▪ As a result of the
Slide 21: Management Strategy & Outlook
Management Strategy & Outlook 21
Slide 22: Management Strategy & Outlook: Generate Sustainable Cash Flows to Maximize Shareholder Returns
Management Strategy & Outlook: Generate Sustainable Cash Flows to Maximize Shareholder Returns ▪ Continue to generate steady income, backed by recurring cash flow & rental income streams Profitability ▪ Focus on monetizing real estate investment portfolio to deleverage the balance sheet ▪ Acquire su
Slide 23: Portfolio Information – Flagship Assets
Portfolio Information – Flagship Assets 23
Slide 24: Dubai Investment Park - A “City within a City”
Dubai Investment Park - A “City within a City” TOTAL AREA NET LEASE AREA 23 17 million m2 million m2 LEASED PLOTS INDUSTRIAL ~1,200 62% LEASED RESIDENTIAL 97% 31% 9M 2024 TOTAL COMMERCIAL INCOME 657 7% AED million Note: Figures are rounded to the nearest decimal 24
Slide 25: Glass LLC – The Glass Pioneer in the Middle East
Glass LLC – The Glass Pioneer in the Middle East ESTABLISHED Subsidiaries 2006 FACILIT Y Key Projects (UAE & Global) ~45,000 Sqm. of Built-up Area PRODUCTION ~11.7Mn Dubai Airport T3 Abu Dhabi Airport Index Tower Al Ain Stadium Sqm. (9M 24) (UAE) T3 (UAE) (UAE) (UAE) EXPORTS ~40 Countries Nanyang Ly
Slide 26: Danah Bay – “Pearl by the Bay”
Danah Bay – “Pearl by the Bay” TOTAL PROJECT AREA 90,000SQM BEACHES 40,000 SQM HOTEL 4-STAR UPPER SCALE LUXURY TOWNHOUSES & VILLAS 26
Slide 27: Investor Relations Contacts and Awards
Investor Relations Contacts and Awards 27
Slide 28: Investor Relations Contact
Investor Relations Contact Mushtaq Masood Group Chief Financial Officer Dubai Investments PJSC PO Box 28171 Dubai, UAE Phone +971 4 8122 400 Email mushtaq@dubaiinvestments.com www.dubaiinvestments.com Mohammed Al Shamsi Investor Relations Manager Phone +971 4 8122 400 Email mohammed.alshamsi@dubaiin
Slide 29: Key Events and Awards
Key Events and Awards EFG awarded with the DIC launched a new Al Mal Capital REIT prestigious green eco residential project – the successfully raised label award for Violet Tower valued at AED 180 mn through environmental AED 300 mn in the JVC rights issue contributions DIC breaks ground for EBS sec
Slide 30: 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,
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