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  Market: Dubai Symbol: DPW ISIN: AEDFXA0M6V00 Industry: Transportation


Share Data (12/09/2019) Dubai
Currency USD
Previous Close 14.29
Change (%) -0.76
Volume 130,520
Number of Shares (mil) 830
Market Cap (mil) 11,861

 Key figures 2018 2017 2016
Consolidated Income Statement, USD Mil      
Revenue from operations 5,646.3 4,714.7 4,163.3
Adjusted EBITDA 2,808.0 2,469.0 2,263.1
Net finance costs -435.0 -329.9 -338.1
Profit for the year 1,332.8 1,362.5 1,259.5
Profit attributable to Owners of the Company 1,270.1 1,208.5 1,126.6
Consolidated Statement of Financial Position, USD Mil      
Total assets 26,513.3 26,513.3 23,113.9
Total equity 11,998.9 11,625.4 9,519.7
Total liabilities 14,514.4 11,488.5 11,184.6
Consolidated Statement of Cash Flows, USD Mil      
Net cash from operating activities 1,951.5 2,207.9 1,844.5
Net cash (used in)/from investing activities -2,107.0 -586.0 -1,258.9
Net cash used in financing activities 1,326.9 -1,481.4 -701.3
Cash and cash equivalents as at 31 December 2,614.7 1,483.7 1,299.4
Key indicators      
Basic Earnings Per Share, US cents 156.2 141.8 123.4
Earnings Per Share exc SDI, US cents 153.0 145.6 135.7
Adjusted EBITDA margin, % 49.7 52.4 54.4
Return on Capital Employed, % 8.4 8.8 9.5

 Company presentation

DP World has a portfolio of over 150 operations in over 45 countries across six continents with the Group’s core business in the highly resilient container handling operations which generates approximately 70% of revenues. The Group generates more than 75% of its throughput in faster growing markets and 70% of its volumes in higher margin origin & destination cargo. DP World has an average concession life of approximately 37 years.

Key Capacity Additions
New Developments and major expansions 2019 Year End
Forecast
Consolidated Capacity
  • Posorja (Ecuador) +0.8m TEU
  • Puerto Central (Chile) +1.2m TEU
  • Puerto Lirquen (Chile) +0.6m TEU
  • Fraser Surrey Docks (Canada) +0.4m TEU
  • Australia consolidation
Approx. 56.4m TEU
Gross Capacity
(Consolidated plus equity-accounted investees)
As above:
  • Yantai (China) +0.1m TEU
  • ATI (Philippines) +0.2m TEU
Approx. 90.8m TEU
  • Many of our existing portfolio of terminals have the ability to increase capacity as utilization rates and customer demand increases.
Key Capacity Additions
New Developments and major expansions
Consolidated Capacity
  • Posorja (Ecuador) +0.8m TEU
  • Puerto Central (Chile) +1.2m TEU
  • Puerto Lirquen (Chile) +0.6m TEU
  • Fraser Surrey Docks (Canada) +0.4m TEU
  • Australia consolidation
Gross Capacity
(Consolidated plus equity-accounted investees)
As above:
  • Yantai (China) +0.1m TEU
  • ATI (Philippines) +0.2m TEU
2019 Year End Forecast
Consolidated Capacity Approx. 56.4m TEU
Gross Capacity
(Consolidated plus equity-accounted investees)
Approx. 90.8m TEU
  • Many of our existing portfolio of terminals have the ability to increase capacity as utilization rates and customer demand in cre ases.

EBITDA Margins
$ million 2018 2017 % change Like-forlike at constant currency % change(1)
Share of profit from equity-accounted investees 165 124 33.6% 17.3%
Adjusted EBITDA(2) 2,808 2,469 13.7% 6.6%
Adjusted EBITDA Margin(3) 49.7% 52.4% - 54.1%(4)

1 Like-for-like at constant currency is without the new additions at Berbera (Somaliland), Limassol (Cyprus), Drydocks World (UAE), Dubai Maritime City (UAE), CWC (India), Mina Rashid Marina (UAE), Kigali (Rwanda), Cosmos Agencia Marítima (Peru), Reyser (Spain), Unifeeder (Denmark); the discontinuation of Doraleh (Djibouti), Saigon (Vietnam), ; and normalizes for the consolidation of DP World Santos (Brazil).
2 Adjusted EBITDA is Earnings before Interest, Tax, Depreciation & Amortisation but including share of profit from equity-accounted investees before separately disclosed items.
3 The adjusted EBITDA margin is calculated by dividing adjusted EBITDA by revenue.
4 Like-for-like adjusted EBITDA margin.