United Development Co. · QSE:UDCD
United Development — Q1 2021 Earnings Presentation
27 slides from United Development's earnings presentation, March 2021
Slide 1: United Development Company Financial Results 2021
UNITED DEVELOPMENT Financial COMPANY Results 2021 March 2021
Slide 2: Table of Contents
Table of Contents Overview of the Company Key Highlights 03 07 04 - 06 08 Board of Development Key Directors Highlights Financial Share Performance Information 12 -18 10 11 09 Dividends Payout Corporate Governance Business Segments Overview Major Projects 19 21 22 - 26 20 Additional Major Operating
Slide 3: Overview of United Development Company
Overview of United Development Company United Development Company (UDC) is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to Qatar’s growth and providing good shareholder value. Established in 1999, the Company was first listed o
Slide 4: Board of Directors
Board of Directors H.E. Mr. Turki bin Mohammed Al-Khater Chairman Mr. Abdulrahman Abdullah Al – Abdulghani Vice Chairman Mr. Ali Hussain Ibrahim Alfardan Board Member 4
Slide 5: Board of Directors Contd…
Board of Directors Contd… Mr. Abdulaziz Mohammed Hamad Al Mana Board Member Mr. Abdulrahman Saad Al-Shathri Board Member Mr. Nasser Jaralla Saeed Jaralla Al Marri Board Member 5
Slide 6: Board of Directors Contd…
Board of Directors Contd… H.E. Mr. Mubarak Ali Mubarak Al-Nuaimi Board Member H.E. Sheikh Faisal Bin Fahed Al Thani Board Member Mr. Ibrahim Jassim Al Othman President & CEO & Board Member 6
Slide 7: Key Highlights
Key Highlights 09thMarch 2021 UDC has won the 2020 International Property Award for Corinthia Gewan Island Qatar hotel in the category of Best New Hotel Construction & Design. 03rd March 2021 UDC’s General Assembly approved the distribution of cash dividends of QR 177 million, equivalent to 5% of sh
Slide 8: Development Key Highlights
Development Key Highlights ➢ UDC announced a major safety milestone of exceeding five million safe working-hours without any Lost Time Injury (LTI) across its operations in Gewan Island and the completion of two building’s Structural Works. ➢ UDC was able to maintain development activities at The Pe
Slide 9: Corporate Governance
Corporate Governance As part of the compliance requirement of the Corporate Governance code for listed companies issued by Qatar Financial Markets Authority, UDC as a Qatari shareholding company listed on the Qatar Exchange is required to disclose the extent to which it complies with the provisions
Slide 10: Share Information
Share Information Traded Vol. Traded Value Open Price High Price Low Price Closing Period (Mn.) (QAR Mn) (QAR) (QAR) (QAR) Price (QAR) Share Data: Jan'14 - Dec'14 3,168.19 7,995.57 2.24 3.08 1.97 2.36 Jan'15 - Dec'15 709.10 1,663.52 2.36 2.64 1.90 2.08 Currency QAR Jan'16 - Dec'16 572.48 1,147.55 2.
Slide 11: Dividend Payout
Dividend Payout Cash Stock Private Year No. of Shares Dividend Dividend Paid Bonus Shares Right Issue Dividend % placement % 2004 50,000,000 - 2005 82,500,000 - 10% 5,000,000 27,500,000 2006 107,250,000 20.0% 214,500,000 30% 24,750,000 2007 107,250,000 25.0% 268,125,000 2008 107,250,000 35.0% 375,37
Slide 12: Financial Performance
Financial Performance 12
Slide 13: Key Financial Highlights
Key Financial Highlights QAR Millions Q1 2017 Q1 2018 Q1 2019 Q1 2020 Q1 2021 Revenue 769 528 530 296 351 Net Profit 244 220 176 57 57 Net Finance Cost (31) (33) (32) (22) (12) EBITDA 315 295 249 117 112 Total assets 18,324 17,962 18,319 18,111 19,902 Shareholders' equity 11,086 10,871 10,971 11,119
Slide 14: Financial Results
Financial Results EBITDA (QAR Mn) & EBITDA Margin 800 56% 60% 47% 50% 600 41% 40% 40% 32% 400 30% 20% 200 315 295 • EBITDA for Q1 2021 decreased by 10% 249 117 112 approx. 4% to QAR 112 Mn as 0 0% compared to Q1 2020. Q1 2017 Q1 2018 Q1 2019 Q1 2020 Q1 2021 • Q1 2021 EPS decreased to QAR 0.013 EBITD
Slide 15: Financial Results
Financial Results • The net debt for Q1 2021 has Financial Position (QAR Mn) increased by approx. 31% to 25,000 QAR 4.4 billion as compared to Q1 2020; 20,000 11,201 11,119 11,086 10,971 10,871 15,000 8,701 • The Debt Equity Ratio for Q1 7,348 7,238 7,091 6,992 19,902 18,324 18,319 18,111 17,962 202
Slide 16: Financial Results
Financial Results Debt (QAR Mn) Interest Coverage Ratio 3,500 3,259 7.00 6.42 6.00 3,000 6.00 5.00 2,500 5.00 Debt Profile 2,000 4.00 3.07 1,500 3.00 2.78 1,128 • The debt for Q1 2021 1,000 2.00 amounts to QAR 4,387 Mn . 500 1.00 • The Interest Coverage - 0.00 Non-Current Current Q1 2017 Q1 2018 Q1
Slide 17: Segmental Financial Results
Segmental Financial Results Urban Development (QAR Mn) Infrastructure & Utilities (QAR Mn) 250 225 120 96 200 100 85 173 80 150 60 100 40 22 50 37 28 16 20 - - Q1 2020 Q1 2021 Q1 2020 Q1 2021 Revenue Profit Revenue Profit Hospitality & Leisure (QAR Mn) Others (QAR Mn) 7 40 8 34 34 6 35 6 30 4 25 2 2
Slide 18: Segmental Financial Results
Segmental Financial Results Revenue Breakdown (QAR Mn) Profit Breakdown (QAR Mn) 225 250 40 37 173 200 28 30 22 16 150 20 12 96 8 85 100 10 50 34 34 - (1) 7 (2) 6 - (10) Q1 2020 Q1 2021 Q1 2020 Q1 2021 Urban Development Hospitality & Leisure Urban Development Hospitality & Leisure Infrastructure & U
Slide 19: Business Segments Overview
Business Segments Overview UDC business segment is driven by existing and ongoing real estate developments. Currently United Development Company (UDC) has different projects lined up which would ensure to maintain profitability targets and profit growth going forward. UDC’s main business strategy is
Slide 20: Major Operating Assets
Major Operating Assets Porto Arabia Retail & Residential Operations: The entire Porto Arabia district forms a single, mixed-use property development comprising residential apartments and townhouses, ample retail space, private marinas and ample parking. Income is generated from leasing of the variou
Slide 21: Major Projects
Major Projects Project Investment Value UDC currently has an investment of Gewan Island QR 3 Bill approximately QAR 5.5 Bn in Giardino Mall & Marina Workshop QR 100 Mill pipeline. Giardino Village – United School International QR 350 Mill The table gives an insight of the major Giardino Village – In
Slide 22: Additional Information
Additional Information 22
Slide 23: Major Subsidiary – Qatar Cool
Major Subsidiary – Qatar Cool ➢ Qatar District Cooling Company (Qatar Cool) founding shareholders are the United Development Company PSC (UDC) and its subsidiaries (51%) and the National District Cooling Company (Tabreed) of the United Arab Emirates and its subsidiaries (44%) and other local promine
Slide 24: Major Subsidiary – Madinainova
Major Subsidiary – Madinainova ➢ Madinainova is as a single hub to attend to the needs of property owners and residents of The Pearl-Qatar and ensure that a superior quality lifestyle is delivered and experienced in terms of community management, facilities management and real estate registry servic
Slide 25: Major Subsidiary – Ronautica Middle East (RME)
Major Subsidiary – Ronautica Middle East (RME) ➢ Ronautica Middle East (RME) is well known in the region for providing dependable marina management and nautical services. ➢ In addition to developing and operating The Pearl- Qatar’s marina infrastructure, Ronautica expanded its water shuttle services
Slide 26: Major Subsidiary – Hospitality Development Company
Major Subsidiary – Hospitality Development Company ➢ Hospitality Development Company is specialized in owning, developing & operating hospitality projects. ➢ HDC have managed to transform the Island into one of the most exclusive hospitality destinations in the region. Over the past 10 years, the co
Slide 27: Thank You
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United Development Company — Q1 2021 Earnings Presentation on 6ix