Dubai Financial Market (DFM) - PJSC · DFM:DFM
Dubai Financial Market (DFM) - PJSC — Dubai Financial Market PJSC — Investor Presentation (2016)
24 slides from Dubai Financial Market (DFM) - PJSC's investor presentation, 2016
Slide 1: Investor Presentation 2016
Dubai Financial Market Investor a Presentation 2 0 1 6 www.dfm.ae
Slide 2: 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 not purport
Slide 3: DFM at a Glance
Leading Exchange in the MENA Region Established in 2000 as a 90 government owned Listings AED 339bn 61 Bonds/Sukuks Listed exchange (31-Dec-2016) Companies Listed on Market Capitalization on the DFM / Nasdaq the DFM Dubai Provides investors and market participants with the best in class internat
Slide 4: UAE Benefits from Strong Demographic and Macroeconomic Fundamentals
1 Second Largest Economy in the MENA 2 …With High GDP Growth… 3 …And a Growing Population… Region… 2015 Nominal GDP ($bn)1 2015E-2020E Real GDP Growth (%) 2015E-2020E Population Growth (%)2 2,615 2.8% 4.4% 2.2% 3.5%3.5% 1.9% 1.7% The UAE 1,112 3.0%2.9%2.7% 2.0%1.7% 1.5% 1.0% Benefits from 487 653 40
Slide 5: Strong Dubai GDP Growth Driven by a Well-Diversified Economy
Strong Dubai GDP Growth… 4.4% 4.6% 3.8% 3.3% 3.5% 2.7% Commentary • Well diversified economy based on international trade, banking and finance, 2011 2012 2013 2014 2015 2016 tourism, information technology and infrastructure Dubai Real GDP Growth (%) • Dubai Growth …Driven by a Diversified Economy…
Slide 6: DFM Diversified Product Offering
Diversified product offering including trading of equity and debt instruments, and financial services to investors and market participants Listing Trading Post Trading Equities REITs Membership (Access and use of DFM trading platform) Settlement Sukuks / Bonds Equity Instruments (Primary
Slide 7: Operational Highlights
Market Capitalization (AEDbn) Total Traded Value (AEDbn) 323 339 308 382 260 201 182 184 160 151 133 70 Operational 32 49 a Highlights 2010 2011 2012 2013 2014 2015 2016 2010 2011 2012 2013 2014 2015 2016 ADTV (AEDm) Market Velocity1 (%) 1,520 118.2% 61.6% 642 49.1% 603 533 39.2% 34.7% 26.5% 278 194
Slide 8: DFM Presents Significant Growth Opportunities
Equity Market Capitalisation to GDP Number of Listed Companies 145% 3,525 4,000 126% 3,500 121% 2,622 3,000 2,322 2,500 84% 1,926 79% 1,831 1,806 74% 72% 2,000 68% 59% 1,500 1,124 767 1,000 37% 34% 599 29% 377 352 246 175 500 68 60 44 0 NYSE DFM ADX Singapore Deutsche Johannesburg LSE Shenzhen SE Qa
Slide 9: Foreign Investor Base Strong and Growing
Foreign Investors’ Trading Share – DFM continues its efforts, in co-operation with issuers and investment banks, to attract 45.3% foreign investors’ interest in DFM listed AED 2.23bn companies 43.8% Net buying by foreign investors (excluding Arab and Strong and – UAE was classified as a global emerg
Slide 10: Increasing Institutional Investor Base
Commentary Share Ownership Split – The DFM has attracted increasing institutions investor base, in light of the sound national economy and the continuous Retail improvement of listed companies’ performance 23.2% – Institutional investors own 77.% of the stock listed on the DFM as Institutional 2016.
Slide 11: DFM is Not Yet Reflecting the Diversity in Dubai's Economy
Trade, manufacturing, construction, transport and real estate are the biggest contributors of Dubai’s economy Unlike the economy, the DFM market is concentrated, on financials, real estate and construction. These sectors collectively represent c. 34% of the economy but over 80% of the market cap
Slide 12: DFM Stock Trading Activity
DFM is One of the Most Liquid Stocks on the Exchange 82.8 DFM Stock a Trading Activity 52.3 29.0 26.3 21.1 12.2 13.1 13.8 11.4 11.0 2012 2013 2014 2015 2016 Average Traded Volume (m) Average Traded Value (AEDm) Source : DFM Analytics
Slide 13: Financial Highlights
DFM continues to provide advanced and innovative products/services as part of its strategy targeting the diversification of revenue streams and increase in non-trading commission income Total Revenue (AEDm) Total Revenue Mix (%) 947.3 9.2% 5.7% 14.8% 20.1% 12.5% Financial 15.1% a Highlights 461.3
Slide 14: Stable Expense Base
Breakdown in AED Cost to Income Ratio1 38.7% 19.8% 43.2% 43.8% 199.5 187.4 177.6 62.4 62.4 Amortization of Intangible Assets 62.4 62.4 1.1 Stable 1.1 a Expense Base 1.0 9.4 5.8 9.4 8.1 13.4 Interest Expense 1.0 6.5 Depreciation 7.9 12.4 7.0 Rent 7.6 13.3 38.9 Maintenance Expenses 11.2 24.5 17.7 Othe
Slide 15: Dividend Payout History
Dividends (AEDm) Selected Balance Sheet Items Dividend 0.05 0.07 0.05 (AEDm) 2014 2015 2016 AED Per Share 560 Investment Deposits 2,780 2,303 2,200 400 400 Dividend a Payout History Financial Assets Measured at Fair Value 718 702 836 Goodwill 2,879 2,879 2,879 2013 2014 2015 Other Intangible Assets
Slide 16: Strong Balance Sheet with Significant Financial Assets
Financial Assets Financial Assets Breakdown (AEDm) 2016 Sukuk Cash and Cash Equivalents 370 Cash & Cash 6% Equivalents 11% Investment Deposits 2200 Strong Balance Managed Funds 8% Sheet with Less than 3 Months 510 Investment Deposits Equity a 64% Significant 11% Financial Up to 1 Year but More than
Slide 17: DFM Strategic Programs 2021
VISION: THE WORLD-CLASS REGIONAL MARKETPACE MISSION: TO PROVIDE STAKEHOLDERS WITH INNOVATIVE SERVICES IN CONDUCTING TRADING, SETTLEMENT AND DEPOSITORY OF SECURITIES, IN AN EFFICIENT, TRANSPARENT AND LIQUID ENVIRONMENT. DFM a Strategic FIVE STRATEGIC PROGRAMS programs 2021 MAXIMISING INVESTOR ADVANCE
Slide 18: Allowing Us to Play a Leading Local, Regional & Global Role
This will enable us to truly embrace a new mission for 2021 that will allow us to be a leader in our industry … Bringing the highest possible value to the UAE’s DFMa2021 economic ecosystem, our stakeholders & our shareholders Strengthening the core offerings Developing new capabilities Innovating th
Slide 19: Appendix
a APPENDIX www.dfm.ae
Slide 20: DFM Consolidated P&L
(AEDm) 2014 2015 2016 Trading Commission Fees 806.0 335.2 294.6 Brokerage Fees 15.0 19.4 20.6 Clearing, Settlement and Depositary Fees 55.9 34.8 39.7 Listing and Market Data Fees 8.8 9.3 9 Other Fees 3.3 4.5 5.1 DFM Operating Income 889.0 403.2 369.4 Consolidated a Investment Income 54.4 57.7 68.4 O
Slide 21: Relationship with Nasdaq Dubai & Stock Exchanges
Regulatory SCA DFSA Authorities (UAE Regulations) (International Regulations) Relationship with Nasdaq ADX DFM Nasdaq Dubai Dubai & Stock a Exchanges Regulatory Authority 33.33% Ownership 79.62% Structure 100% 66.67% 20.38% Public Stake
Slide 22: New Company Law Supporting IPO Market
Requirements Old New Not be less than AED 10 million Not be less than AED 30 million Offer Size Minimum 10 founding shareholders Minimum 5 founding shareholders Founders Founders hold not less than 20% and not more Founders hold not less than 30% and not more than 70% of the Founders Hol
Slide 23: Investor Relations Contacts
For Additional Investor Relations Information Investor Investor Relations Website: Relations a www.dfm.ae/dfm-investor-relations Contacts Investor Relations Contacts: Racha El Hassan Chamut Areej Al Saeed Head of Investor Relations Manager Chairman's Office Tel: +971 4 305 5650 Tel: +971 4 305 5607
Slide 24: Disclaimer
Disclaimer: The information provided in this document (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in Contact Us: producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Infor
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