TAQA H1 2021 Results - Energy Transition and Financial Performance
5 Strong ties to Abu Dhabi Inc. & fully aligned with Abu Dhabi
Economic Vision 2030
A key strategic asset for Abu Dhabi ...
98.6% indirect ownership by the Government of Abu Dhabi (GOAD)
Board members include executives of ADQ and other GoAD entities
...given TAQA's essential contribution to Abu Dhabi's economy
حكومة أبوظبي
GOVERNMENT OF ABU DHABI
AQ
القابضة
Strategically important, providing over 90%¹ of Abu Dhabi's power and water needs
Long track record of government support including equity contributions and grants
TAQA was specifically established
through an Emiri decree
TAQA is the largest holding in the
ADQ Portfolio
...with full alignment with Abu Dhabi Economic Vision 2030
UAE
Goals
TAQA's
Contribution
Economic Development
Increased contribution of non-
hydrocarbon GDP
⚫ Future energy & water security
• Key enabler in diversification of the
economy
• Key contributor to Abu Dhabi's
economy (~3% of 2019 GDP²)
Environmental Development
Human Capital Development
• Environmental sustainability
• Emiratisation, especially in highly
skilled niche roles
• Accredited HS&E standards with
improving KPIs
• 6% renewable contribution in
TAQA's proforma energy mix³
Social Development
• Effective management of labor
resources
• Improvements in education
• One of the highest Emiratization
rate among UAE-listed companies
● Improving living standards in local
communities through social
investments with a meaningful
impact
Source: TAQA corporate disclosures, Government of Abu Dhabi bond prospectus & supplement
Notes: 1. Excluding captive power generation, e.g. EGA, ADNOC; 2. Calculated using TAQA's 2019A PF revenues for the T&D segment in the UAE of AED 24.7bn and Abu Dhabi's GDP at constant prices in 2019 of AED 804bn; 3. As at YE2020
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