TAQA H1 2021 Results - Energy Transition and Financial Performance
2 Vertically integrated across the utilities value chain.
TAQA segmental overview and financial highlights
UAE Value Chain
Transmission
International Assets
Generation²
Oil & Gas
Countries
Generation1
fully contracted
C
LTM
(end-Q2 2021)
EBITDA
(US$ bn)
and % of total
1.8
Operational
highlights
Segment
Overview
37%
Distribution
regulated networks
C
44%
2.2
C
largely contracted
6%
0.3
海辉的
*
11%
الله اكبر
Group1
0.5
US$ 4.9
· 17.4 GWac / 913 MIGD
gross power/water
capacity³
• 3.9 GWac / 200 MIGD of
new power/water capacity
under development
11 I(W)PPs in UAE
Exclusive rights to min.
40% stake in Abu Dhabi
power and water generation
projects over next 10 years
⚫ Supplies >90% of Abu
Dhabi's power & water
10.4k km of electricity
transmission networks,
3.6k km of water pipelines
• 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 end-user
connections
74.6k km of electricity
networks and 14.1k km
of water pipelines
• Sole distributors of water
and electricity to end users
in Abu Dhabi emirate
(ADDC, AADC)
4.9 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
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
22.3 GWac /
913 MIGD
capacity², 3
.~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 proforma 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 include Corporate segment and operational highlights exclude Taweelah RO, Fujairah F3 and Al Dhafra Solar growth projects; 2. EBITDA figures exclude JV investment (Lakefield) and operational highlights include TAQA's
minority stake in Sohar Aluminium (Oman), a smelter with a 1GW captive power generation plant; 3. Installed gross alternating current capacities at PCOD. 4. Capacities at Bergermeer Gas Station & Peak Gas Installation in The Netherlands;
5. Excluding captive power generation in UAE, e.g. ADNOC, EGA; 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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