Why invest in TAQA?

TAQA is 72.5% indirectly owned by the Government of Abu Dhabi.

TAQA' main shareholders are: ADWEA (Abu Dhabi Water and Electricity Authority) (51.0%) and The Financial Support Fund of the Farmers of Abu Dhabi (21.1%). Both sharholders are 100% owned by the Abu Dhabi government.

The remaining 27.5% is traded publicly on the Abu Dhabi Securities Exchange (ADX) under the symbol TAQA.

Currently, only UAE nationals may own shares in the company.

We believe that the company has excellent investment potential for the following reasons:

Status
  • We are one of the largest independent power producers in the world
  • We have been listed on the Abu Dhabi Securities Exchange (ADX) since August 2005
  • The Abu Dhabi Government's majority shareholding guarantees long-term stability for our shareholders
  • We have an experienced Board and management team
  • Our total assets amount to US$ 31billion
  • We have over US$ 4 billion of liquidity available (as of 31 December 2011)
  • We enjoy the explicit support and backing from the Abu Dhabi Government with unique links at Government level within the UAE and beyond
  • We have a strong relationship with key financial institutions (strong support from relationship banks)
Business model
  • Complementary business streams: Power & Water provides stability and reliable cash flow, while Oil & Gas involves higher risk and exposure to price volatility, but has the potential for higher profits
  • Significant power generation and water desalination capacity across seven countries
  • Significant levels of Oil & Gas production output and reserves]; extensive provable and probable reserves
  • Focus on geographic areas with significant business expansion potential - especially the Greater MENA region.
  • Projects and investments protected by long-term hedging and off-take agreements
Strategy
  • We are focused on integration and optimisation:
    • achieving organic growth within our existing Oil & Gas and Power & Water businesses
    • exploiting assets with significant unrealised value
    • selective acquisitions that complement core assets
  • Building on our gas storage business in Europe; evaluating further storage opportunities
  • Managing our finances prudently:
    • planning of capital expenditure
    • debt-reduction programme
  • Enhancing the recovery potential of our crude oil and natural gas reserves by utilising new technologies
  • Developing synergies between our business streams
  • Investing in people to build in-house knowledge, experience and expertise
  • Focusing on operational and execution excellence

 Strategy for 2012 and beyond

Performance
  • Healthy growth in turnover and profits year on year
  • Improving debt coverage ratios
  • Strengthening gross margin
  • Strong credit ratings:
    • Standard & Poor's A+/A-1
    • Moody's Aa3

Key financial information