Al Dar Properties · ADX:ALDAR
Al Dar Properties — Investor Presentation (August 2010)
23 slides from Al Dar Properties's investor presentation, August 2010
Slide 1: Investor Presentation August 2010
Investor Presentation August 2010
Slide 2: Table of Contents
Table of Contents I Aldar Overview Aldar’s Relationship with the Government of Abu Dhabi and Role in II Strategic Vision III Aldar’s Business Description IV Financial Overview 1
Slide 3: Table of Contents
Table of Contents I Aldar Overview Aldar’s Relationship with the Government of Abu Dhabi and Role in II Strategic Vision III Aldar’s Business Description IV Financial Overview 2
Slide 4: ALDAR – "Building the Nation"
ALDAR – “Building the Nation” Aldar is a leading real estate and infrastructure developer in Abu Dhabi Created in 2004 by Emiri decree to develop Abu Aldar at a glance (2010) Dhabi’s infrastructure and real estate Ba3(Moody’s)/ Credit Rating BB-(S&P) − IPO in 2005, to provide Abu Dhabi citizens th
Slide 5: Key Highlights
Key Highlights Aldar is a leading Abu Dhabi corporate closely aligned with the Government’s long term vision Enabling the Government’s Vision for Abu Dhabi – Aldar’s mandate to develop Abu Dhabi’s real estate and infrastructure is closely aligned with the Government’s long term strategic vision for
Slide 6: Table of Contents
Table of Contents I Aldar Overview Aldar’s Relationship with the Government of Abu Dhabi and Role in II Strategic Vision III Aldar’s Business Description IV Financial Overview 5
Slide 7: Abu Dhabi Economic Overview
Abu Dhabi Economic Overview Economic engine of the UAE and one of the highest GDP per capita in the World The largest and the wealthiest of the seven Emirates forming the United Arab Emirates (UAE) − Highest rated Middle Eastern sovereign The hydrocarbon sector accounted for 64% of GDP in 2008
Slide 8: Abu Dhabi's Development Strategy
Abu Dhabi’s Development Strategy Vision 2030: In 2007 the Government of Abu Dhabi established a comprehensive plan for the development of the Emirate, guiding planning decisions for the next quarter of a century Policy Agenda Establishes long term agenda for Abu Dhabi 1 2 Social and Economic Develop
Slide 9: Aldar's Role Within the Abu Dhabi Development Strategy
Aldar’s Role Within the Abu Dhabi Development Strategy How Aldar Fits into Abu Dhabi’s Policy Agenda Infrastructure Social and Development & 1 Economic 2 Human Resource 3 Environment 4 Optimisation of Development Development Sustainability Role of Government Economic Efficiency Education Urban
Slide 10: Key Government Relationship Milestones
Key Government Relationship Milestones The Abu Dhabi Government is Aldar’s largest shareholder, customer and financier Established by emiri Government granted decree No. 808 of 2004 additional 1 Mn sqm of and incorporated in 2005 land to Aldar Launch of Al Falah project, fully funded by Government g
Slide 11: Active Government Involvement at Board & Shareholder Level
Active Government Involvement at Board & Shareholder Level Strong Government Shareholder Support Ownership Structure(1) Mubadala 38% indirect shareholding by the Government(1) Develelopment Comp., 18.96% ADIC, 7.18% Board members include two members of Abu Dhabi Executive Council and Chief Execu
Slide 12: Table of Contents
Table of Contents I Aldar Overview Aldar’s Relationship with the Government of Abu Dhabi and Role in II Strategic Vision III Aldar’s Business Description IV Financial Overview 11
Slide 13: Overview of Real Estate Market in Abu Dhabi
Overview of Real Estate Market in Abu Dhabi Abu Dhabi real estate market expected to be the best performing market in the Middle East and North Africa according to an April 2009 JLL survey(1) The Abu Dhabi real estate sector has experienced tremendous growth over the last 5 years − Recent global m
Slide 14: Aldar Operates Across the Value Chain
Aldar Operates Across the Value Chain Diversified portfolio of operations integrated across real estate and infrastructure verticals Master Investment Asset Construction Operator Developer Manager Manager Master planning Construction phase Hold and manage Property asset Income from other
Slide 15: Key Aldar Projects – Completed
Key Aldar Projects Completed Project Type Completion Date & Comments April 2006 Medical centre Diabetes Centre 100% rented to Mubadala Acquired as a completed asset in 2005 Shopping mall Jimi Mall and expansion of the east wing was completed in Q1-2006 Total of 1,400 residential villas and A
Slide 16: Key Aldar Projects – Completed (continued)
Key Aldar Projects Completed (continued) Project Type Completion Date & Comments Completed in Q3 2009. Most of the Baniyas Tower Offices Baniyas towers has been pre-leased to the Government(1) Completed in Q4 2009. Located in the Hala Arjaan Hotel Apartments central business district, it offers
Slide 17: Key Aldar Projects – Construction Stage
Key Aldar Projects Other Projects at the Construction Stage Start Development Plan / Project Type Date/Expected Comments Completion Date Development planned to include beaches, marinas, Mixed use (leisure, Q2 2007/ Q2 Yas Island entertainment and retail residential & resort) 2017 facilities, hotel
Slide 18: Key Aldar Projects – Construction Stage
Key Aldar Projects Other Projects at the Construction Stage Start Development Plan / Project Type Date/Expected Comments Completion Date Al-Bateen Scondary School is the 4th project of ALDAR Al Bateen School School 2009/Q3 2011 Academies School to provide high quality education and shall cater for
Slide 19: Table of Contents
Table of Contents I Aldar Overview Aldar’s Relationship with the Government of Abu Dhabi and Role in II Strategic Vision III Aldar’s Business Description IV Financial Overview 18
Slide 20: Financials
Financials Key Attributes Diversified portfolio of strategic projects Operational Absence of speculative land acquisitions and alignment with Strength government strategy Significant cost flexibility, including ability to defer development spend Enhanced cash flow profile due to minimal init
Slide 21: Strong Liquidity
Strong Liquidity Financial Policy Progression of Net Debt (USD Mn equiv.) Balance between long term and short term financing 2007 2008 2009 2010 Maintain strong liquidity position. As of 30 June 2010 Debt to Abu Dhabi 183 680 2,634 1,471 Gov(2) − USD 2.2 Bn in cash Other Debt 1,000 4,265 6,741 6
Slide 22: Operational Strength
Operational Strength Substantial Increase in Total Assets Strong Net Asset Value Performance (USD Mn equiv.) (USD Mn equiv.) 18,045 16,588 13,551 4,366 4,537 4,276 9,736 7,258 6,161 6,763 2,094 1,391 526 3,808 8,309 9,330 891 6,788 865 2,353 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 Current
Slide 23: Building the Nation – Major Developments Map
Building the Nation Major Developments – Map Aldar owns over 52 Mn square meters of land located at key strategic locations across the city of Abu Dhabi (1) Notes: (1) Not all of Aldar's projects are depicted on this map and the CB Richard Ellis December 2009 Valuation Report excludes some of the pr
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