Abu Dhabi National Energy Company · ADX:TAQA
Abu Dhabi National Energy — Q1 2021 Earnings Presentation
16 slides from Abu Dhabi National Energy's earnings presentation, May 5, 2021
Slide 1: Q1 2021 Financial Results Analyst Presentation
Q1 2021 Financial Results Analyst Presentation Abu Dhabi National Energy Company (TAQA) 5 May 2021 POWERING A THRIVING FUTURE
Slide 2: Disclaimer
Disclaimer These materials have been prepared by Abu Dhabi National Energy Company (“TAQA” or the “Company”). The information contained in this presentation may not have been reviewed or reported on by the Company’s auditors. The Company relies on information obtained from sources believed to be rel
Slide 3: Q1 2021 results – summary
Q1 2021 results – summary Stable utilities businesses boosted by oil price recovery Strong operational performance amidst continuing COVID-19 circumstances Group financial highlights (AED million) Revenues ● High technical availability levels maintained for power and water businesses Q1 2020PF 9,984
Slide 4: Highly predictable and secure cash flow profile
Highly predictable and secure cash flow profile 90% or more of revenues and EBITDA derived from regulated and contracted businesses P Pro forma LTM Revenue Pro forma LTM EBITDA Regulated and long-term contracted earnings Regulated Contracted Other Regulated Contracted Other represent over 90% of rev
Slide 5: Transmission & Distribution highlights
Transmission & Distribution highlights Stable EBITDA margins and net income contribution T&D highlights (AED million) High network availability and security of supply during the quarter Regulated asset base (RAB) ● 97.8% for power and water transmission (98.2% Q1 2020) YE 2019 82,678 YE 2020 80,135
Slide 6: Generation highlights
Generation highlights Continues to be underpinned by contracted power and water generation Generation highlights (AED million) Solid operational performance throughout the quarter Global technical availability (%) ● Global technical availability at 88.7% (vs. 89.2% for Q1 2020) Q1 2020PF 89.2% ● Ref
Slide 7: Oil & Gas highlights
Oil & Gas highlights Significant increase in profitability on commodity price rebound and stable volumes Global production slightly lower at 120.7 mboepd (-1% Q1 y/y) Oil & Gas highlights (AED million) Stronger financial performance on significantly higher commodity prices Production (mboepd) Q1 202
Slide 8: Liquidity and debt profile
Liquidity and debt profile Strong liquidity levels and stable debt levels Key credit metrics Robust liquidity position ● Total liquidity of AED 17.1 billion consisting of: Dec-2020 Mar-2021 − Cash and cash equivalents of AED 8.0 billion Net debt-to-capital ratio1 49% 48% − Undrawn credit facilities
Slide 9: Delivering on our quarterly dividend policy
Delivering on our quarterly dividend policy Board approves first interim cash dividend for 2021 Board has approved first interim cash dividend for financial year 2021 of AED 618 million (0.55 fils/share), in line with shareholder- approved dividend policy ● Last day to participate: Sunday, 9 May 202
Slide 10: Other recent developments
Other recent developments TrNQaN
Slide 11: TAQA's 2030 growth strategy
TAQA’s 2030 growth strategy 2030 TAQA targets1 TAQA has introduced a new strategy with ESG at its heart AED 40 billion (US$ 11 billion) RAV2 additions through substantial UAE-based infrastructure and networks growth projects Strategy focused on TAQA becoming a low carbon power and water champion for
Slide 12: Current growth projects
Current growth projects Significant generation capacity and network additions to meet demand and energy transition Generation Distribution Group Taweelah RO Al Dhafra PV Fujairah F3 Recycled Water Distribution Country ● World’s largest sea-water ● World’s largest solar ● UAE’s largest gas-fired (CCG
Slide 13: Generation energy and technology mix
Generation energy and technology mix Clear and rapid transition to clean technologies Old TAQA (pre-transaction) New TAQA (current, Q1 2021) New TAQA (proforma end-2023) Thermal (natural gas) Thermal (natural gas) Thermal (natural gas) Thermal (coal) 1% renewables Thermal (coal) 5% renewables Therma
Slide 14: TAQA US$1.5 Billion 7 and 30-year dual-tranche bond offering
TAQA US$1.5 Billion 7 and 30-year dual-tranche bond offering Priced inside secondaries to produce TAQA’s lowest ever coupon First refinancing exercise post ADPower transaction and resulting credit rating upgrades Summary new issue terms Successfully priced US$ 1.5 billion dual-tranche offering, via
Slide 15: Q&A session
Q&A session TrNQaN
Slide 16: For investor enquiries, please contact Investor Relations
For investor enquiries, please contact Investor Relations: Shadi Salman, CFA (ir@taqa.com)
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