Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — H1 2023 Earnings Presentation
29 slides from Dubai Investment (p.j.s.c)'s earnings presentation, 2023
Slide 1: Dubai Investments PJSC – H1 2023 Investor Presentation
Dubai Investments PJSC For the six-month period ended 30th June 2023 (“H1 2023”) Investor Presentation 1
Slide 2: Content
CONTENT Page 3 Dubai Investments Overview Page 10 Management Summary – H1 2023 Financial Highlights Page 17 Operational Performance by Business Segment – H1 2023 Page 21 Management Strategy & Outlook Page 23 Portfolio Information – Flagship Assets Page 26 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 20.9 billion with c. 15,500 shareholders A Glance at Dubai Investments Shareholders (June 2023) ESTABLISHMENT 11.5% Investment Corp. of Dubai OWNERSHIP TYPE 6.1% In 1995 as an on-shore Publicly listed
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 AED 20.9 BN 37% 7,838m As at 30th June 2023 Amounts in AED DUBAI INVESTMENTS 19% PARK DEV. COMPANY 23% 4,817m 14.6 2.0 billion 4.2 3,907m TREASURY PORTFOLIO billion billion 10% & OTHER 20% 70% 300m DUBAI INVE
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 of investees – provide the necessary strategic direction along with growth capital; exit businesses which have matured - enhance shareholder value through capital gains National
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) 200 1,200 0.22 0.20 180 160 58.5% 1,000 0.17 140 51.3% 800 0.12 850 120 0.12 0.12 0.12 0.12 100 0.10 0.10 600 0.08 80 0.07 510 510 486 486 60 400 425 425
Slide 10: Management Summary – H1 2023 Financial Highlights
Management Summary – H1 2023 Financial Highlights 10
Slide 11: H1 2023 – Financial Information
H1 2023 – Financial Information SUMMARY OF PROFITS AND LOSSES SUMMARY OF FINANCIAL POSITION (AED’ 000) H1 2023 H1 2022 (AED’ 000) 30th Jun 2023 31st Dec 2022 30th June 2022 6-month period ended 30th Jun Property, plant and equipment 1,494,538 1,693,639 1,557,013 Sales of goods and provision of servi
Slide 12: H1 2023 – Financial Highlights: Well Capitalized and Profitable Company
H1 2023 – Financial Highlights: Well Capitalized and Profitable Company TOTAL INCOME EBITDA PROFIT ATT. TO EPS ROE* SHAREHOLDERS 2,031.5 479.2 580.5 0.14 9.0% AED million AED million AED million AED per share TOTAL ASSETS CASH & CASH NET DEBT *** EQUIT Y ATT. TO NET DEBT / TOTAL EQUIVALENTS** SHAREH
Slide 13: Key Messages: H1 2023
Key Messages: H1 2023 ▪ The Group reported a total income of AED 2,031.5 million for the 6-month period ended 30th June 2023 as compared to AED 1,547.3 million during the same period in the prior year. The increase of AED 484.2 million was mainly on account of strong performance witnessed by the Gro
Slide 14: Evolution by Quarter: Rental Income Portfolio remains key contributor to Total Income
Evolution by Quarter: Rental Income Portfolio remains key contributor to Total Income Total Income and Rental Income (AED Million) EBITDA (AED Million) 701 1,725 211 1,085 983 1,019 1,013 218 845 847 761 786 638 239 225 239 267 283 201 208 234 239 237 209 207 198 170 198 196 195 443 868 644 639 552
Slide 15: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year Total Income Bridge (AED Million) 8.9 ( 11.5 ) 6.9 25.2 172.7 1.1 387.0 2,031.5 134.5 1,547.3 (271.4 ) 47.7 ( 16.9 ) H1 2022 Sale of goods Rental income Contract revenue Sale of Gain on FV of Gain on sale of Gain / (loss) on Gain on sale of Share of profit Dividend
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) 22.0 21.9 21.9 21.8 21.9 21.9 22.0 21.9 21.9 21.8 21.9 21.9 20.8 20.5 21.0 20.9 20.8 20.5 21.0 20.9 5.0 4.9 4.9 5.5 4.4 4.3 4.4 4.2 4.3 4.2 7
Slide 17: Operational Performance by Business Segment – H1 2023
Operational Performance by Business Segment – H1 2023 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 1,211 million in H1 2023 Total Income (AED m) from this segment against AED 608 million reported during the prior 1,211 period. The increase was largely on acco
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 reported a total income of AED 617 million in H1 2023, Total Income (AED m) a decrease of AED 311 million as compared to the prior period, 819 9
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 Investments segment was AED 204 million in H1 Total Income (AED m) 2023 as compared to AED 12 million in the prior period. This increase 204 was largely o
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 ▪ Sale of Mi
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 ~1,100 74% LEASED RESIDENTIAL 98% 14% H1 2023 RENTAL COMMERCIAL INCOME 406 12% 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 Subsidiaries ESTABLISHED 2006 Key Projects (UAE & Global) FACILIT Y ~45,000 Sqm. of Built-up Area PRODUCTION Lusail Marina The Emirates Heydar Ayliv Bahrain World ~7.5Mn Mix 12 (Qatar) Towers (UAE) Cultural Centre (Azerbaijan) Trade Center (Bahrain) S
Slide 26: Investor Relations Contacts and Awards
Investor Relations Contacts and Awards 26
Slide 27: 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 28: Key Events and Awards
Key Events and Awards Dubai Investments Al Mal Capital REIT Globalpharma supports acquired 9% equity announced the acquisition Emirates Red Crescent stake in Monument of the real estate assets of Earthquake Relief for Bank Limited, a UK Wesgreen International Turkey and Syria with Based Digital Bank
Slide 29: 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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