TAQA FY 2020 Proforma Consolidated Results and Dividend Policy
Key objectives achieved by TAQA - ADPower transaction
Strengthened capital structure, secure cash flow profile and strong growth prospects
Creation of a national
power & energy champion to
lead sector transformation
A
Formation of one of the largest listed integrated utilities in the region holding the rights in
perpetuity for the regulated power and water network concessions in Abu Dhabi
Enhanced capital structure with
a strong balance sheet and
secure cash flow profile
(( Essential infrastructure
☑ company for Abu Dhabi with
strong government support
B
A
B
Enjoys exclusivity rights to participate in all future power and water generation
projects tendered in Abu Dhabi over the next ten years with a minimum 40% stake
Highly predictable and secure cash flow profile underpinned by a transparent regulatory
framework and long term offtake contracts leading to more than 90% of EBITDA being
contracted or regulated
Robust capital structure and immediate deleveraging of TAQA, with further
performance uplift potential from integration
Strong and stable company providing virtually all the critical power and water
A infrastructure for the Abu Dhabi economy and the only vehicle available to invest in
this sector
B
Positioned to capture the infrastructure growth expected in Abu Dhabi and selectively
seeking value-added growth outside the Emirate
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