TAQA FY 2020 Proforma Consolidated Results and Dividend Policy
3a Strong ties to Abu Dhabi Inc. & fully aligned with Abu Dhabi
Economic Vision 2030
A key 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
AQ
حكومة أبوظبي
GOVERNMENT OF ABU DHABI
القابضة
Strategically important, providing over 95%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
Economic Development
Environmental Development
Human Development
Social Development
UAE
Goals
TAQA'S
Contribution
Increased contribution of non-
hydrocarbon GDP
Future energy & water security
Key enabler in diversification of the
economy
Key contributor to Abu Dhabi's
economy, representing ~5% of
2019 GDP2
Environmental sustainability
Accredited HS&E standards with
improving KPIs
12% renewable contribution in
TAQA's pro forma energy mix
Emiratisation, especially in highly
skilled niches
One of the highest Emiratization
rate among UAE-listed companies
Effective management of labor
resources
Improvements in education
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 capitve power generation, e.g. EGA, ADNOC; 2. Calculated using TAQA's 2019A PF revenues in the UAE of AED 40bn and Abu Dhabi's GDP at constant prices in 2019 of AED 804bn.
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