Q2-16 Financial Results Highlights
Appendix
Strategy
Financial & Operating Performance
Operating Environment
Dubai Economic Update (2/3)
Highlights
Passenger traffic at the Dubai International Airport (DXB) rose
to 40.5 million in H1 2016, up by 5.8% y/y
Passenger traffic is expected to exceed 85 million at DXB by
the end of 2016, according to Dubai Airports
Dubai's hotel occupancy averaged 77.0% in H1 2016 down
from 79.9% in the same period a year ago
The supply of hotel rooms in Dubai increased by 6.6% y/y in
H1 2016 to 83,896 rooms. The Department of Tourism and
Commerce Marketing (DTCM) is targeting 140,000 to
160,000 hotel rooms by the end of the decade
Emirates NBD Profile
Hotel occupancy and RevPAR
100
%
90
80
70
60
50
40
30
y/y growth
15
10
May-12 Nov-12 May-13 Nov-13 May-14 Nov-14 May-15 Nov-15 May-16
Average hotel occupancy rates, % (LHS)
Average revenue per available room, y/y growth, 3M MA (RHS)
Source: STR Global, Emirates NBD Research
-5
-10
-15
22525057722
Dubai Airports passenger traffic
Emirates NBD
5
45
mn people
40
35
1400
thousand tons
1300
1200
30
1100
40.5
38.3
25
1000
32.7
27.9
29.6
20
24.6
900
15
800
Jan-Jun
2011
Jan-Jun
2012
Jan-Jun
2013
Jan-Jun
2014
Passenger traffic (LHS)
Jan-Jun Jan-Jun
2015
2016
Freight volumes (RHS)
Source: Dubai Airports, Emirates NBD Research
Composition of Dubai GDP
Dubai GDP by Sector (%) - 2015
Other
Hosp.
5%
6%
Financial
servcs
12%
Manuf.
11%
Transport &
Source: Dubai Statistics Centre
Storage
15%
Trade
29%
Constr. & RE
22%View entire presentation