TAQA FY 2020 Proforma Consolidated Results and Dividend Policy
1b Vertically integrated across the utilities value chain
TAQA segmental overview and financial highlights
Countries
Generation1
fully contracted
C
UAE Value Chain
Transmission
C
International Assets
Distribution
Generation²
Oil & Gas
regulated networks
largely contracted
N
#03
5%
الله اكبر
Group1
FY 2020
proforma
EBITDA
(AED bn)
and % of total
Operational
highlights
6.6
41%
17.7 GW / 913 MIGD gross
power/water capacity³
.4.4 GW / 350 MIGD of new
power/water capacity
under development
49%
7.9
9.4k km of electricity
transmission networks,
3.6k km of water pipelines
Segment
Overview
.
12 I(W)PPs in UAE
Exclusive rights to min.
40% stake in Abu Dhabi
power and water generation
projects over next 10 years
•Supplies >95% 5 of Abu
Dhabi's power & water
• Regulated by Abu Dhabi
Department of Energy
Sole transmission
company in Abu Dhabi
• Also supplies Northern
Emirates and connects to
GCCIA grid (KSA, Oman)
•
~1 million customers
71.3k km of electricity
networks and 14.7k km
of water pipelines
• Sole distributors of water
and electricity to end users
in Abu Dhabi emirate
(ADDC, AADC)
6%
1.0
3.9 GW2, 3 gross power
generation capacity
Includes power generation
facilities in 5 countries
• TAQA Morocco is listed on
the Casablanca stock
exchange and provides
>40% of Morocco's base-
load power needs
0.7
AED 16.0
118.0k boepd FY 2020A
average net production
320mn boe 2020A
2P reserves
4.7 BCM gas storage
capacity4
International oil and gas
assets in the UK,
Netherlands, Canada
and Iraq
21.6 GW/913
MIGD capacity³
.~80k/ 20k km
electricity /
water networks
• Fully integrated
utility with
upstream and
midstream oil
and gas assets
and operations
in 11 countries.
Source: TAQA FY 2020 pro-forma financials (disclosed in MD&A); figures may not show corporate segment or eliminations; percentages may not add to 100% due to rounding.
1. EBITDA figures and operational highlights exclude Taweelah RO, Fujairah F3 and Al Dhafra Solar Project; 2. EBITDA figures exclude JV investment (Lakefield) and operational highlights exclude TAQA's minority stake in Sohar Aluminium
(Oman), a smelter with a 1GW captive power generation plant; 3. Installed gross capacities at PCOD. 4. Capacities at Bergermeer Gas Station & Peak Gas Installation in The Netherlands; 5. Excluding captive power generation, e.g. EGA,
ADNOC; 6. In early 2020, TAQA North exited all its oil and gas activities in the United States (a non-core region with mature assets and production of less than 1,000 boepd).
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