mubadala 2015 - aerospace industries association of...
TRANSCRIPT
-
Mubadala 2015
-
“We must not rely on oil alone as
the main source of our national
income. We have to diversify the
sources of our revenue and
construct economic projects that
will ensure a free, stable and
dignified life for the people of this
country.”
Sheikh Zayed bin Sultan Al Nahyan,
Founder of the UAE
Mubadala Development Company // 2015 2
-
About Mubadala
About Abu Dhabi
The United Arab Emirates (UAE) is
a federation of seven emirates situated on
the Arabian peninsula
The Emirate of Abu Dhabi has a population of
approximately 2.45 million and holds significant
oil and gas reserves
The city of Abu Dhabi is the capital of the UAE
In 2007, the Government of Abu Dhabi
identified a number of priority areas to drive the
diversification of the economy and reduce the
country’s reliance on hydrocarbons
Created to help catalyze Abu Dhabi's
vision of economic diversification and
social development while generating
strong financial returns
Investing globally in areas with
long-term growth potential that align with
the government’s priorities
Driving the establishment of new industry
sectors and vital infrastructure in Abu
Dhabi – including university campuses
and specialized healthcare facilities
Mubadala Development Company // 2015 3
Formation: 2002
Ownership: 100% by the Government
of Abu Dhabi
Chairman of the Board: H.H. Sheikh
Mohamed bin Zayed Al Nahyan, Abu
Dhabi’s Crown Prince
Portfolio value: AED 243.6 billion
(US $66 billion)
Global employee base: 39,000+
-
delivering financial
and socioeconomic
returns to the emirate,
its partners and
its people.
Investment Approach
Our role as an agent of economic diversification for Abu Dhabi means we adopt a holistic, long-term
approach to value creation that goes beyond financial returns and GDP contribution
Mubadala Development Company // 2015 4
A global investor
with long-term focus,
strengthening
Abu Dhabi’s position
across diverse sectors…
Education
Partnership
Governance
Innovation
Agile investment
Active asset management
Career paths
Social
infrastructure
Global
integration
New economic
sectors
Private sector and
downstream opportunities
-
Financial Performance
Our reputation is based on solid performance and transparency. We have one of the highest credit
ratings in the region and have published IFRS audited and consolidated financials since 2006
Mubadala Development Company // 2015 5
Financial Highlights – Full Year 2014
Total Revenues (AED)
32.7 bn US $8.87 bn
15.8
bn
27.5
bn
30.8
bn
31.1
bn
32.7
bn
2010 2011 2012 2013 2014
Total Assets (AED)
243.6 bn US $66.3 bn
102.1
bn
177.1
bn
202.0
bn
223.8
bn
243.6
bn
2010 2011 2012 2013 2014
Total Equity (AED)
175.7 bn US $47.8 bn
62.1
bn
106.4
bn
135.5
bn
157.5
bn
175.7
bn
2010 2011 2012 2013 2014
Moody’s Prime-1
Standard & Poor’s A-1+
Fitch F1+
Credit Ratings: Short-term
Moody’s Aa2
Standard & Poor’s AA
Fitch AA
Credit Ratings: Long-term
Linaburg-Maduell Transparency Index
10/10
Transparency
-
Global Footprint
Aerospace Information &
Communications
Technology
Defense
Services
Aerospace &
Engineering
Services
Energy
Technology
& Industry
Emerging
Sectors
Semiconductors Metals &
Mining
Utilities
Oil & Gas Renewables Healthcare Real Estate &
Infrastructure
Capital
Headquartered in
Abu Dhabi
Active in
11 sectors
Operations in
20+ countries
Mubadala Development Company // 2015 6
-
Aerospace
We are creating a cutting-edge,
internationally integrated aerospace hub
in Abu Dhabi, and developing a highly
skilled local workforce
Our focus is on partnering with leading
original equipment manufacturers (OEMs)
to build world-class manufacturing and
services businesses
Mubadala Development Company // 2015 7
B787 Strata is now supplying
Boeing composite parts on
the B787 aircraft
$1b Sanad’s asset portfolio
at year-end 2014
5km2 Dedicated as an
aerospace freezone within
the multi-faceted Nibras
industrial development in
Al Ain Nibras Al Ain Aerospace Park | Piaggio Aerospace | Sanad Aero Solutions | SR Technics | Strata Manufacturing | Turbine Services &
Solutions | Turbine Services & Solutions Aerospace
Portfolio Highlights
Aero
space &
Engin
eeri
ng S
erv
ices
200+ Aircraft sold worldwide, to
date, by Piaggio
Aerospace
-
Information & Communications Technology
We are playing a key role in bringing high-
tech ICT services, capabilities and job
opportunities to the UAE
Our focus is on positioning Abu Dhabi and
the UAE as a regional ICT hub with the
infrastructure and operations to meet
rising demand for data capacity
Mubadala Development Company // 2015 8
Subscribers with Etisalat
Nigeria at HY 2015 –
a 15%+ market share
18MW Total IT power at Khazna
data facilities
140+ Countries connected by
Yahsat’s two
communications satellites,
Y1A & Y1B
du | Etisalat Nigeria | Injazat Data Systems | Khazna Data Centers |
Al Yah Satellite Communications Company (Yahsat)
Portfolio Highlights
22m+
Aero
space &
Engin
eeri
ng S
erv
ices
40k UAE end users served by
Injazat, our information
technology services
company
-
Defense Services
In partnership with Tawazun Holding, we
are a shareholder in Emirates Defence
Industries Company (EDIC), an integrated
national defense services and
manufacturing platform launched in 2014
EDIC brings together the combined
capabilities of the UAE’s defense industries
to enhance value for clients, shareholders
and partners
Mubadala Development Company // 2015 9
AED3 b
Abu Dhabi Ship Building (ADSB) | Emirates Defence Industries Company (EDIC)
Portfolio Highlights
Abu Dhabi Ship Building’s
build and refit project
portfolio
Aero
space &
Engin
eeri
ng S
erv
ices 16
Number of companies in
the EDIC portfolio when
the integration process is
complete
-
Oil & Gas
Mubadala Petroleum is building on the
UAE’s traditional strengths to develop a
world-class, international exploration and
production business
Mubadala Petroleum explores for,
develops and produces oil and gas that
will contribute to meeting global demand
while working to ensure the security and
diversity of the UAE’s domestic gas
supply
Mubadala Development Company // 2015 10
398k Average barrels of oil
equivalent (working
interest production) per
day during 2014
600+ Employees around the
globe
0 Spills of more
than 1 barrel
Dolphin Energy | Emirates LNG | Jasmine, Manora, Nong Yao and Ruby Fields |
Malaysia gas discoveries
Portfolio Highlights
Energ
y
3 Mubadala Petroleum has
had a presence in
Thailand since 2004,
bringing its third operated
field, Nong Yao, into
production in 2015
-
Through Masdar, our commercially driven
renewable energy company, we are
advancing the development,
commercialization and deployment of
renewable energy solutions and clean
technologies
Masdar has nearly 1.5 GW of clean power
contributing to the grid or under
development worldwide
Mubadala Development Company // 2015 11
630MW Capacity of London Array
offshore wind farm, the
world’s largest
Shams 1 concentrated
solar power plant in Abu
Dhabi produces enough
power for 20,000 homes
14 Clean energy initiatives
delivered by Masdar
Special Projects
London Array | Masdar City | Masdar Institute of Science and Technology
| Shams 1 | Torresol Energy
Portfolio Highlights
Energ
y
Renewable Energy
20k
32k Number of attendees at
Masdar’s global forum,
Abu Dhabi Sustainability
Week, in 2014 – including
eight heads of state
-
Metals & Mining
We are positioning the UAE in fast-growing
resource markets by developing a globally
diversified set of metals and mining
businesses
Through Emirates Global Aluminium (EGA),
jointly owned by Investment Corporation of
Dubai, we are also supporting continued
growth in domestic downstream
manufacturing and the creation of high-
skilled jobs
Mubadala Development Company // 2015 12
2.4 m
50% Mubadala’s share in
MATSA, Trafigura’s
flagship mining operation
in Spain Emirates Global Aluminium (EGA) – incorporating Emirates Aluminium (EMAL), Dubai Aluminium (DUBAL), Guinea Alumina Corporation, and Suyadi | Minesa | Minas de Aguas Teñidas (MATSA)
Portfolio Highlights
75+ Combined production
capacity of EGA (tons/year)
EGA bridges the UAE to
over 75 nations worldwide
Technolo
gy &
In
dustr
y
13m In September 2014, GAC
achieved 13 million man-
hours without a Lost Time
Injury
-
Semiconductors
We are putting Abu Dhabi at the leading edge
of the global semiconductor industry and
establishing a core pillar of the emirate’s
economic diversification through the growth
of GLOBALFOUNDRIES
GLOBALFOUNDRIES is the world’s second-
largest foundry with operations in Singapore,
Germany and the US
Mubadala Development Company // 2015 13
AMD | GLOBALFOUNDRIES
Portfolio Highlights
Technolo
gy &
In
dustr
y
GLOBALFOUNDRIES
offers the most advanced
14 nanometer technology
250+ Global customers,
including 14 of the top 20
chip companies
10 GLOBALFOUNDRIES
operates 10 fabs around the
world: three in the US, six in
Singapore and one in
Germany
14 nm
25k Number of patents and
applications held by
GLOBALFOUNDRIES,
including 16k gained
through the acquisition of
IBM’s Microelectronics
business
-
Utilities
We are helping meet requirements for
sustainable, energy efficient and
innovative district cooling, power
generation and water desalination by
establishing and managing a network of
utilities businesses in the UAE and
broader region
Mubadala Development Company // 2015 14
69 District cooling plants
owned and/or operated by
Tabreed in the GCC
Tabreed | Shariket Kahraba Hadjret En Nous (SKH) |
SMN Holding (Barka 2 and Al Rusail)
Portfolio Highlights
Technolo
gy &
In
dustr
y
2.6GW Gross power capacity
owned by Mubadala
utilities companies
-
Real Estate and Infrastructure
We are an investor, a developer and an
asset manager focusing on real estate
and infrastructure opportunities in the UAE
and globally
Mubadala Development Company // 2015 15
Abu Dhabi Global Market
Square is at the heart of Al
Maryah Island and home
to 50 blue-chip companies
2.3 m ft2 Size of super-regional
shopping center, Al
Maryah Central, upon
completion
100% Percentage of retail space
at The Galleria that is
leased, with the majority
by top global brands Portfolio Highlights
50
Em
erg
ing S
ecto
rs
Abu Dhabi Global Market Square | Al Maryah Island | Four Seasons Abu Dhabi |
Paris-Sorbonne University Abu Dhabi | Rosewood Abu Dhabi | The Galleria | UAE University |
Viceroy Hotel Group | Viceroy Maldives | Zayed Sports City | Zayed University, Abu Dhabi
Places for students
at Mubadala-built
universities
30 k
-
We are supporting the development of a
world-class, commercially sustainable
private healthcare sector in the UAE
Through partnerships with international
medical institutions, our network of
specialized facilities is enhancing regional
healthcare capacity, addressing the UAE’s
most pressing healthcare needs, and
reducing the need for patients to travel
overseas for complex care
Mubadala Development Company // 2015 16
Surgical procedures
performed at Healthpoint
as of year-end 2014
Patients with access to
Abu Dhabi Telemedicine
Centre’s consultation
service
People treated at the
UAE’s two Imperial
College London Diabetes
Centre facilities since 2006 Portfolio Highlights
7 k
Em
erg
ing S
ecto
rs
Abu Dhabi Telemedicine Centre | Capital Health Screening Centre | Cleveland Clinic Abu Dhabi |
Imperial College London Diabetes Centre | Healthpoint | National Reference Laboratory | Tawam Molecular
Imaging Centre
Healthcare
1.2m
300 k Medical and surgical
specializations offered by
Mubadala’s seven
healthcare facilities
60 +
-
Mubadala Capital actively deploys capital in
sectors, geographies and investment vehicles
with long-term value potential
• Long-term focus and a bias towards capital
preservation
• Investing throughout the capital structure in
a diversified portfolio of public and private
securities in the UAE and globally
Mubadala Development Company // 2015 17
UAE and non-UAE public
financial investments and
positions
Public long/short equity
fund managed in-house
Public Equities
Em
erg
ing S
ecto
rs
Capital Investments
Direct positions in non-
public companies in the
UAE and globally
Private equity fund
managed in-house
Private Equity
Limited Partner/Fund and
General Partner ownership
positions
Funds & Investment
Partnerships
Sovereign Wealth Fund
and government-to-
government investment
partnerships
Sovereign Investment
Partnerships
Portfolio Highlights
Abu Dhabi Finance | CDC International Capital (co-investment
partnership) | EMI Music Publishing | First Gulf Bank | GE |
Mubadala Infrastructure Partners | Porto Sudeste | Related |
Russian Direct Investment Fund (co-investment partnership |
The Carlyle Group | The Raine Group
-
19 Mubadala Development Company PJSC 2014
Nibras
Al Ain Aerospace Park
-
20 © Mubadala Development Company PJSC 2015
“We must not rely on oil alone as the main source of
our national income. We have to diversify the
sources of our revenue and construct economic
projects that will ensure a free, stable, and dignified
life for the people of this country.”
Sheikh Zayed bin Sultan Al Nahyan, 1918 – 2004
Founder of the UAE
-
21 Mubadala Development Company PJSC 2014
Al Ain
Overview
Joint
Initiative
5 km²
Aerospace
Initiated
2012
Nibras - Al Ain Aerospace Park - is a joint initiative between
Mubadala and Abu Dhabi Airports, that was initiated in 2012.
Driving the development of a
dedicated Aerospace hub in
Abu Dhabi and a global
benchmark for the industry.
A 5 square kilometers have
been dedicated for Aerospace
activities, including
Manufacturing, Pilot Training
and Maintenance, Repair and
Overhaul.
Strategically located in the city of Al Ain, focusing investments
and efforts in one geographical location.
-
22 Mubadala Development Company PJSC 2014
− Its 2030 plan envisions a technological industry zone and a highly skilled workforce.
− Strategic proximity to 3 major Seaports : Taweela + Jebel Ali + Sohar
− Strategic proximity to 4 major Airports : Al Ain + Abu Dhabi + Dubai + Al Maktoum
− It’s International Airport has one of the longest runways in the UAE.
Why Al Ain ?
Location
Nibras is located in Al Ain city
around 150 km from both Abu Dhabi and Dubai
-
23 © Mubadala Development Company PJSC 2015
Development Envisioned Development
-
24 © Mubadala Development Company PJSC 2015
Balanced Development
Scope
Budget Timeline
Sustainable
Development
Economic Development
Social Development
Environment Protection
-
25 Mubadala Development Company PJSC 2014
Facts and Figures
Total Roads
9 km
406
Peak number of
Workers during
Phase1 construction
138
Peak number of
Equipment during
Phase1 construction
1 sqkm Total Area Levelled
8 million mᶟ Total Earthworks
more than
20
Industrial Plots
-
26 Mubadala Development Company PJSC 2014
Nibras 2014
-
27 © Mubadala Development Company PJSC 2015
Development Nibras 2015
-
28 Mubadala Development Company PJSC 2014
Employee Welfare
Workers Accommodation (Dorms)
Dining Facility
Recreation Facility
HSSE Records
Project Man-Hours
209,602
Project Man-Hours without
LTI
209,602
LTI’s
0