Q2 2017 RESULTS PRESENTATION - Aldar Properties Uploads/Aldar Q2 17... · Q2 2017 RESULTS...

Q2 2017 RESULTS PRESENTATION

3 August 2017

Q2 2017 RESULTS PRESENTATION

3 August 2017

DISCLAIMER

2

This disclaimer governs the use of this presentation You must not rely on the information in the presentations and

alternatively we recommend you to seek advice from an appropriately qualified professional If you have any

specific questions about any matter in this presentation you should consult an appropriately qualified

professional

The statements made in this presentation are only forward thinking statements Such statements are based on

expectations and are subject to a number of risks and uncertainties that could differ materially from any expected

outcome or results expressed or implied in these statements

Without prejudice to the generality of the foregoing paragraph we do not represent warrant undertake or

guarantee that the information in the presentation is accurate or use of guidance in the presentation will lead to

any particular outcome or result

We will not be liable to you in respect of any business losses including without limitation loss of or damage to

profits income revenue use production anticipated savings business contracts commercial opportunities

reputation or goodwill

Q2 2017 AT A GLANCE

3

Development Management

bull Successful launch of The Bridges ndash sold out

bull AED 813 million development sales value during quarter

Asset Management

bull Resilient asset performance ndash AED 357 million recurring revenue gross profit

New announcements

bull AED 1 billion project award ndash part of new AED 12 billion Yas Island project

bull Aldar Academies ndash appointed to operate four ADNOC schools across Abu

Dhabi

Financial

bull Revenue of AED 14 billion (Q2 2016 AED 17 billion)

bull Gross profit of AED 542 million (Q2 2016 AED 693 million)

bull Net profit of AED 620 million (Q2 2016 AED 654 million)

DEVELOPMENT MANAGEMENT

Talal Al Dhiyebi Chief Development Officer

Q2 2017 DEVELOPMENT HIGHLIGHTS

5

Sales activity

bull Launch of The Bridges during the quarter sold out in three weeks

bull Q2 development sales value of AED 813 million across 616 units driven by The Bridges West Yas and other

developments (H1 2017 AED 18 billion development sales value)

bull 84 sold across all Aldar units launched as at 30 June 2017

Contract awards

bull AED 22 billion main contract awards across Yas Acres and Mayan during first half of 2017

Development management

bull Key projects on track West Yas to commence handovers from Q1 2018

bull Aldar awarded AED 1 billion contract to develop the new twofour54 media free-zone on Yas Island

Q2 2017 DEVELOPMENT PROGRESS

6

Ansam

bull Entering final stages of construction

bull On track for a phased handover to conclude by year-

end

Al Hadeel


bull Handovers to commence from Q4 2017

Nareel Island


bull Land plots on track for completion from Q4 2017

Al Merief

bull Earthworks substantially completed

bull On track for Q1 2018 handover

Ansam progress as at Jun 2017

Al Hadeel progress as at Jun 2017


7

Meera

bull Construction well under way

bull Casting works on track ndash reached 20th floor

Mayan

bull Early works complete

bull Main contract awarded and mobilized on-site

Yas Acres


bull Main contract awarded and contractor mobilized on-site

West Yas

bull Infrastructure and non-residential work substantially

complete

bull Majority of villas structurally complete

Meera progress as at Jun 2017

West Yas progress as at Jun 2017

SUCCESSFUL LAUNCH OF THE BRIDGES

8

bull Successful launch and sale of The Bridges ndash first three towers sold out in 3 weeks

bull Underserviced segment of the market ndash high-quality mid-market residential

bull Development strategy to focus on mid-market opportunities in near term

DESTINATION YAS ISLAND

9

New development announcements

bull During the quarter AED 12 billion Yas South development

announcement by Government of Abu Dhabi

bull Aldar awarded contract to develop new AED 1 billion

first phase of twofour54 media and entertainment free-

zone that will relocate close to 5000 workers onto Yas

island

Existing and ongoing investment

bull Warner Bros and Sea World projects currently under

development ndash Warner Bros set for completion in 2018

bull 3000 residential units currently under construction between

Ansam Mayan Yas Acres and West Yas that will increase

local population by c10000 people by end of 2020

bull New midfield terminal will support tourism growth from 2019

Schematic images of Yas Bay part of Yas South development

ASSET MANAGEMENT

Jassem Busaibe Chief Asset Management Officer

Q2 2017 ASSET MANAGEMENT HIGHLIGHTS

11

Residential

bull Occupancy maintained at 90

bull Bulk lease demand

Retail

bull Yas Mall 94 trading occupancy

bull First renewals process underway

bull Successful Eid Al Fitr sales event ndash 250000 visitors to Yas Mall over 24 hour period

Office

bull Occupancy stands at 92 as at 30 June 2017

Hotels

bull 78 occupancy YTD (2016 YTD 76) versus wider Abu Dhabi market at 70 sup1

sup1 Source ADTCA June 2017 YTD hospitality sector occupancy

INVESTMENT PLAN FULLY COMMITTED

12

26

2327

12

11

Diverse investment across all key asset classes

Hotels Retail Residential Office Schools

bull AED 3 billion investment plan fully committed

bull To produce a stabilized AED 300 million NOI

bull Continue to monitor opportunities in the market

Daman House acquired in Dec 2015

Al Jimi Mall extension and renovation

FINANCIAL HIGHLIGHTS

Greg Fewer Chief Financial Officer

Q2 2017 FINANCIAL HIGHLIGHTS ndash INCOME STATEMENT

14

Key highlights

bull Excluding significant land transaction in Q2 2016 underlying revenue and gross profit growth driven by

bull increased revenue recognition on off-plan property development ndash property development revenue

recognition up 64 to AED 429 million

bull modest decrease in recurring revenues ndash defensive qualities of investment property portfolio saw gross

profit fall by only 3 year-on-year

bull Other income supported by infrastructure recoverable writebacks during the quarter

bull Additional submissions for infrastructure reimbursements ndash AED 300-600 million left to be recognize

Q2 2017 FINANCIAL HIGHLIGHTS ndash BALANCE SHEET

15

Strong cash position

bull AED 59 billion gross cash including AED 13 billion in restricted and AED 09 billion escrow accounts

respectively

Prudent debt position

bull AED 55 billion gross debt at 30 June 2017

bull Next debt maturity in December 2018 - $750 million sukuk

Government receivables

bull Remaining AED 13 billion to receive over H2 2017-2018 ndash AED 95 million collected during the quarter

bull Further AED 300 million on-balance sheet infrastructure receivables as at 30 Jun 2017

bull Additional infrastructure submissions could lead to further receivables

SUMMARY

16


bull Strong activity on the ground

bull Success of The Bridges ndash focus around high-quality mid-market

bull Destination Yas Island ndash new investments underway

bull 1500 unit guidance remains

Asset Management

bull Resilient operational performance remain well positioned in all key sectors

bull Maintain AED 16 billion NOI guidance ndash Q4 hospitality performance key

Financial

bull Strong balance sheet position

APPENDIX

Now follow us on

18

sup1 Sold units and sold units sales value includes all units where a sales purchase agreement (ldquocontractrdquo) has been signed This does not include sales reservations and pending sales contracts Total units and values as at period end are net of fully cancellations

DEVELOPMENT SUMMARY TABLE ndash 30 JUN 17

Project Location Recognition Launch Q2 2017 Total as at 30 Jun 2017 Expected

completion date Sold

units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog

Ansam Yas Island Over-time 2014 2 5 506 845 547 93 80 676 168 2017

Hadeel Al Raha Beach Over-time 2014 - - 214 426 233 92 82 349 77 2017

Nareel Abu Dhabi Island Over-time 2015 - - 86 1097 148 58 72 785 312 2017

Merief Khalifa City Over-time 2015 - - 281 609 281 100 26 161 448 2018

Meera Shams Abu Dhabi Over-time 2015 - - 371 461 408 91 47 216 246 2018

Mayan Yas Island Over-time 2015 8 17 411 739 512 80 0 - 739 2019

Yas AcresYas Island Over-time 2016 11 46 432 1605 652 66 4 70 1535 2020

The

Bridges Shams Abu Dhabi Over-time 2017 556 562 556 562 636 87 0 - 562 2020

Aldar developments 577 630 2857 6344 3417 84 2257 4087

West Yas Yas Island na 2015 31 141 598 2674 1017 59 2018

Total developments 608 771 3455 9018 4434 78

FINANCIAL STATEMENTS ndash PROFIT AND LOSS

19

NB

Q2 2016 included a

significant Shams land

transaction (Revenue

AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y

AED millions Q2 2017 Q2 20162017

YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234

Gross profit Margin 40 41 44 42

SGampA expenses (94) (90) (180) (192)

Depreciation and Amortization (48) (52) (98) (101)

Gain on disposals - 1 - 15

Share of profit from associates JVs 12 16 28 34

Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)

Finance income 27 30 59 58

Fair value gains (losses) provision reversal

for impairments(45) (56) (92) (49)

Net Profit for the period 620 654 1261 1308

Attributable to

Owners of the Company 620 657 1256 1306

Non-controlling interests - (3) 5 2

Profit for the period 620 654 1261 1308

Basic and diluted earnings per share (fils) 79 84 160 166

FINANCIAL STATEMENTS ndash BALANCE SHEET

20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015

Property plant and equipment 2909 2951 2986 2936

Investment properties 15829 15770 15773 15570

Development work in progress 1470 1391 1298 2745

Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947

Payables Advances and Other Liabilities 7079 8363 7911 9906

Total Liabilities and Equity 35029 35747 35561 36141

sup1 Recurring revenues assets include Investment Properties Hospitality amp Leisure Operative Villages Schools (Aldar Academies) and Property amp Facilities Management (PFM) (Khidmah)

Q2 2017 recurring revenues excludes Pivot revenue of AED217m (Q2 2016 revenue AED179m Q1 2017 revenue AED262m)

Q2 2017 recurring revenues gross profit excludes Pivot gross loss of AED1m (Q2 2016 gross loss AED19m Q1 2017 gross profit AED5m)

Q2 2017 recurring revenues gross profit of AED 357 million (Q2 2016 AED381 million Q1 2017 AED 402 million) sup1

21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534

Investment Properties Hospitality amp Leisure Operative Villages Adjacent Businesses Development Management Property Development

Q2 2017 Segmental Revenue Performance

Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns

Q2 2017 recurring revenues of AED 666 million (Q2 2016 AED 706 million Q1 2017 AED 723 million) sup1

(1)

QUARTERLY SEGMENTAL ANALYSIS

Q2 2016 property development revenue

includes AED 524 million Shams land sale

338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289


Q2 2017 Segmental Gross Profit Performance

Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns

Q2 2016 property development gross profit



H1 2017 recurring revenues excludes Pivot revenue of AED479m (H1 2016 revenue AED347m)

H1 2017 recurring revenue gross profit excludes Pivot gross profit of AED3m (H1 2016 gross loss AED11m) 22

848

232 9

779

101

963 866

258 66

611

64

1063


2017 YTD Segmental Revenue Performance

2017 YTD 2016 YTD

AE

D M

illio

ns

H1 2017 recurring revenues of AED 1389 million (H1 2016 AED 1455 million) sup1

693

34 9 26 90

443

705

47 14 22 53

394


2017 YTD Segmental Gross Profit Performance

2017 YTD 2016 YTD

AE

D M

illio

ns

H1 2017 recurring revenues gross profit of AED 759 million (H1 2016 AED 799 million) sup1

HALF YEARLY SEGMENTAL ANALYSIS

23

sup1 Al Raha Beach land plot handed over in Q3 2016

sup2 Cash flow timing depends on handover of related assets

sup3 On-balance sheet infrastructure recoverables outstanding as at 30 Jun 17

⁴ Additional infrastructure reimbursement submissions made to Government of Abu Dhabi subject to approval

Remaining cash inflows Remaining

PampL events

Transaction (AEDm) H2 2017 2018 Total Other income

Sale of F1 Race Track 348 - 348 -

Sale of Al Raha Beach Land sup1 190 475 665 -

Shams Infrastructure Reimbursement sup2 300 - 300 300

838 475 1313 300

Infrastructure recoverables na na 500sup3-800 300⁴

1813-2113 600

GOVERNMENT TRANSACTIONS

THANK YOU

Now follow us on

DISCLAIMER

2

This disclaimer governs the use of this presentation You must not rely on the information in the presentations and

alternatively we recommend you to seek advice from an appropriately qualified professional If you have any

specific questions about any matter in this presentation you should consult an appropriately qualified

professional

The statements made in this presentation are only forward thinking statements Such statements are based on

expectations and are subject to a number of risks and uncertainties that could differ materially from any expected

outcome or results expressed or implied in these statements

Without prejudice to the generality of the foregoing paragraph we do not represent warrant undertake or

guarantee that the information in the presentation is accurate or use of guidance in the presentation will lead to

any particular outcome or result

We will not be liable to you in respect of any business losses including without limitation loss of or damage to

profits income revenue use production anticipated savings business contracts commercial opportunities

reputation or goodwill

Q2 2017 AT A GLANCE

3




Asset Management


New announcements



Dhabi

Financial







5

Sales activity





Contract awards






6

Ansam



end

Al Hadeel



Nareel Island



Al Merief






7

Meera



Mayan



Yas Acres



West Yas


complete





8





9







island









ASSET MANAGEMENT



11

Residential



Retail




Office


Hotels




12

26

2327

12

11











14

Key highlights









15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on

Q2 2017 AT A GLANCE

3




Asset Management


New announcements



Dhabi

Financial







5

Sales activity





Contract awards






6

Ansam



end

Al Hadeel



Nareel Island



Al Merief






7

Meera



Mayan



Yas Acres



West Yas


complete





8





9







island









ASSET MANAGEMENT



11

Residential



Retail




Office


Hotels




12

26

2327

12

11











14

Key highlights









15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on




5

Sales activity





Contract awards






6

Ansam



end

Al Hadeel



Nareel Island



Al Merief






7

Meera



Mayan



Yas Acres



West Yas


complete





8





9







island









ASSET MANAGEMENT



11

Residential



Retail




Office


Hotels




12

26

2327

12

11











14

Key highlights









15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on


5

Sales activity





Contract awards






6

Ansam



end

Al Hadeel



Nareel Island



Al Merief






7

Meera



Mayan



Yas Acres



West Yas


complete





8





9







island









ASSET MANAGEMENT



11

Residential



Retail




Office


Hotels




12

26

2327

12

11











14

Key highlights









15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on


6

Ansam



end

Al Hadeel



Nareel Island



Al Merief






7

Meera



Mayan



Yas Acres



West Yas


complete





8





9







island









ASSET MANAGEMENT



11

Residential



Retail




Office


Hotels




12

26

2327

12

11











14

Key highlights









15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on


7

Meera



Mayan



Yas Acres



West Yas


complete





8





9







island









ASSET MANAGEMENT



11

Residential



Retail




Office


Hotels




12

26

2327

12

11











14

Key highlights









15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on


8





9







island









ASSET MANAGEMENT



11

Residential



Retail




Office


Hotels




12

26

2327

12

11











14

Key highlights









15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on


9







island









ASSET MANAGEMENT



11

Residential



Retail




Office


Hotels




12

26

2327

12

11











14

Key highlights









15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on

ASSET MANAGEMENT



11

Residential



Retail




Office


Hotels




12

26

2327

12

11











14

Key highlights









15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on


11

Residential



Retail




Office


Hotels




12

26

2327

12

11











14

Key highlights









15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on


12

26

2327

12

11











14

Key highlights









15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on




14

Key highlights









15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on


14

Key highlights









15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on


15



respectively








SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on

SUMMARY

16






Asset Management



Financial


APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on

APPENDIX

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on

18





units sup1

Sold unit sales

value (AEDm)

sup1

Sold

units sup1

Sold unit

sales value

(AEDm) sup1

Units

launched

sold Revenue

recognition

Revenue

recognised

Revenue

backlog








The






19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on


19

NB

Q2 2016 included a



AED 524 million and

gross profit of AED

196 million)

Q-o-Q Y-o-Y


YTD

2016

YTD

Revenues 1354 1696 2932 2928

Direct costs (812) (1003) (1637) (1694)

Gross profit 542 693 1295 1234


SGampA expenses (94) (90) (180) (192)




Other Income 289 172 372 426

Finance expense (62) (59) (123) (118)





Attributable to






20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on


20

Q-o-Q Y-o-Y

AED millions As at

30 Jun 2017

As at

31 Mar 2017

As at

31 Dec 2016

As at

31 Dec 2015




Inventory 2512 2519 2449 2030

Receivables 5279 5057 5263 5535

Cash 5944 6975 6696 6260

Other Assets 1084 1084 1096 1065

Total Assets 35029 35747 35561 36141

Equity 22455 21865 22086 20288

Debt 5495 5519 5564 5947







21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on





21

419

101

5

360

41

429 425

112

28

320

27

783

429

131

4

419

60

534



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns


(1)




338

6 5 7 32

154

349

11 4 21

309 355

29 4 19

58

289



Q2 2017 Q2 2016 Q1 2017

AE

D M

illio

ns






848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on




848

232 9

779

101

963 866

258 66

611

64

1063



2017 YTD 2016 YTD

AE

D M

illio

ns


693

34 9 26 90

443

705

47 14 22 53

394



2017 YTD 2016 YTD

AE

D M

illio

ns



23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on

23






PampL events





838 475 1313 300


1813-2113 600


THANK YOU

Now follow us on

THANK YOU

Now follow us on

Date post:	30-Mar-2018
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