Dubai Investment (p.j.s.c) · DFM:DIC
Dubai Investment (p.j.s.c) — Dubai Investments PJSC — FY2021 Earnings Presentation
29 slides from Dubai Investment (p.j.s.c)'s earnings presentation, March 2022
Slide 1: Dubai Investments PJSC Investor Presentation FY2021
Dubai Investments PJSC Financial Year end 31st December 2021 Investor Presentation 1
Slide 2: Content
CONTENT Page 3 Dubai Investments Overview Page 10 Management Summary – FY 2021 Financial Highlights Page 16 Operational Performance by Business Segment – FY 2021 Page 20 Management Strategy & Outlook Page 22 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 21.8 billion with c. 16,000 shareholders A Glance at Dubai Investments Shareholders for FY2021 11.5% ESTABLISHMENT OWNERSHIP TYPE Investment Corporation of Dubai 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 Mr. Khalid Bin Kalban has extensive experience in Manufacturing & Industrial
Slide 6: Diversified Portfolio of Assets Across Real Estate, Manufacturing and Investments
Diversified Portfolio of Assets Across Real Estate, Manufacturing and Investments Total Assets AED 21.8 BN 36% 7,667m As at 31st December 2021 Amounts in AED DUBAI INVESTMENTS 11% PARK DEV. COMPANY 2,375m 21% 4,612m 13.9 5.2 2.7 TREASURY PORTFOLIO billion billion billion 12% & OTHER 24% 64% 296m DUB
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 EEP(100%
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) 180 750 0.14 57.8% 160 0.12 0.12 0.12 0.12 0.12 600 140 0.10 0.10 35.4% 510 510 0.10 120 486 486 0.08 450 425 425 0.08 100 340 80 0.06 300 60 0.04 40 150
Slide 10: Management Summary – FY 2021 Financial Highlights
Management Summary – FY 2021 Financial Highlights 10
Slide 11: Key Messages: FY 2021
Key Messages: FY 2021 ▪ The UAE real estate market witnessed strong recovery in 2021, as a result of which the Group reported a sale of properties of AED 508.5 million in FY 2021 as compared to AED 293.1 million in the prior year. This was largely related to sale of properties in the Mirdif Hills pr
Slide 12: FY 2021 – Financial Highlights: Well Capitalized and Profitable Company
FY 2021 – Financial Highlights: Well Capitalized and Profitable Company TOTAL INCOME EBITDA PROFIT ATT. TO EPS ROE* SHAREHOLDERS 3,415.3 841.1 619.5 0.15 5.1% 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: 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) 1,085 330 323 218 845 847 706 725 691 758 768 771 672 638 201 208 242 236 236 234 239 212 213 223 215 228 225 238 217 232 465 211 198 195 170 868 22
Slide 14: Total Income Movement Year-on-Year
Total Income Movement Year-on-Year – To be updated Total Income Bridge (AED Million) 6.9 9.5 33.8 146.8 14.3 ( 32.2 ) 109.7 215.4 ( 35.3 ) 29.3 240.8 3,415.3 2,676.3 2020 Sale of goods Rental income Contract Sale of Gain/(loss) on Gain on sale of Gain on sale of Gain/(loss) on Dividend Share of loss
Slide 15: 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) 21.8 22.0 21.9 21.9 21.8 21.8 22.0 21.9 21.9 21.8 20.1 20.6 20.6 21.0 21.2 21.5 21.5 20.1 20.6 20.6 21.0 21.2 21.5 21.5 7.3 7.5 7.7 7.5 7.3 6
Slide 16: Operational Performance by Business Segment – FY 2021
Operational Performance by Business Segment – FY 2021 16
Slide 17: Property Segment – Development of Real Estate for Sale and Leasing
Property Segment – Development of Real Estate for Sale and Leasing Property Financial highlights Total Income (AED m) ▪ The Group recorded AED 1,412.6 million in Total Income from this 1,413 segment in 2021, significantly higher than AED 1,114.4 million recorded in 1,144 1,114 the prior year. The in
Slide 18: Manufacturing Segment – Manufacturing, District Cooling, Healthcare and Education
Manufacturing Segment – Manufacturing, District Cooling, Healthcare and Education Manufacturing, Contracting & Services Financial highlights ▪ Total Income from the Manufacturing, Contracting & Services segment Total Income (AED m) increased to AED 1,804.7 million in 2021 from AED 1,549.7 million in
Slide 19: 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 198.0 million in 2021 Total Income (AED m) as compared to AED 12.2 million in the prior year. This was mainly as a 198 result
Slide 20: Management Strategy & Outlook
Management Strategy & Outlook 20
Slide 21: 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 ▪ Focus on monetizing real estate investment portfolio to deleverage the balance sheet Profitability ▪ Sale of al
Slide 22: Portfolio Information – Flagship Assets
Portfolio Information – Flagship Assets 22
Slide 23: 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 60% LEASED RESIDENTIAL 98% 32% FY 2021 RENTAL COMMERCIAL INCOME 757 8% AED million Note: Figures are rounded to the nearest decimal 23
Slide 24: Emicool – The Leading District Cooling Provider
Emicool – The Leading District Cooling Provider Mirdif ESTABLISHED Dubai Culture Village Jumeirah Bay 2003 Al Warqa’a Rose Bay CUSTOMERS ~22,000 Dubai Motor City EMPLOYEES Dubai Sports City ~250 Dubai Investment Park ZONES DWTC ~10 Zones Note: Figures are rounded to the nearest decimal One additiona
Slide 25: Glass LLC – The Glass Pioneer in the Middle East
Glass LLC – The Glass Pioneer in the Middle East ESTABLISHED Subsidiaries 1998 FACILIT Y Key Projects (UAE & Global) ~60,000 Sqm. PRODUCTION ~1.4 Mn Dubai Airport T3 Fairmont Hotel Index Tower Al Ain Stadium Sqm .Annually (UAE) (UAE) (UAE) (UAE) EXPORTS ~20 Countries Nanyang Lyons Langham Palace Nov
Slide 26: Investor Relations Contacts and Awards
Investor Relations Contacts and Awards 26
Slide 27: Investor Relations Contact
Investor Relations Contact Mushtaq Masood Maher Rabah Group Chief Financial Officer Investor Relations Dubai Investments PJSC Dubai Investments PJSC PO Box 28171 PO Box 28171 Dubai, UAE Dubai, UAE Phone +971 4 8122 400 Phone +971 4 8122 400 Email mushtaq@dubaiinvestments.com Email maher@dubaiinvestm
Slide 28: Key Events and Awards
Key Events and Awards Al Mal Capital REIT Emicool enters R&D Al Mal Capital voted ‘UAE acquires first collaboration with Asset Manager of the Year’ educational asset in Siemens at MENA Fund Manager 2021 Awards for the second year in a row Emicool powered AI- Emirates Insolaire’s Development of Al Ta
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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