Investor Presentation FY2021
COMMITMENT TO SHAREHOLDERS
៥
ALDAR
BOARD RECOMMENDS FY 2021 DIVIDEND OF 15 FILS PER SHARE IN-LINE WITH EXISTING DIVIDEND
POLICY AND ALLOWING FOR DEPLOYMENT TOWARDS GROWTH
SHAREHOLDER RETURNS
DIVIDEND POLICY
•
1-yr and 3-yr Total Shareholder Returns 1 of 20% and 187%, respectively
• 11% dividend CAGR growth between 2012-2021
Policy
Pay-out
factor
Range
Sustainable Dividend
11% CAGR (2012-2021)
Methodology / key
drivers
Investment
Distributable
free cash flow
65-80%
Net operating income
Less: Interest expense,
Maintenance capex,
Overheads
Development
Realized profit
20-40%
Upon completion and
handover of
developments
14.0
14.5
14.5
15.0
12.0
65%
11.0
10.0
9.0
2021 dividend:
Payout (%)
7.0
6.0
80%
20%
40%
65%
80%
20%
40%
2020 dividend:
Payout (%)
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Note:
1.
As of close on 2 March 2022.
INVESTOR PRESENTATION FY2021.
12View entire presentation