TAQAs vision for the future

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TAQAs vision for the future

• Peter Barker Homek

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The Abu Dhabi National Energy Company

• Amongst the strongest growth in wealth in the
  world
• DH1 Trillion in local and foreign capital set
  for Abu Dhabi
• Value of foreign investments approximately Dh420
  billion
• Abu Dhabis companies are playing important role
  on regional and international market
• Some of these companies expected to become global
  players

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TAQA
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An Emerging Global Energy Player

• Established in 2005 to consolidate the
  Governments shareholding in Abu Dhabis domestic
  water and power generation assets
• TAQA is the essential energy and water provider
  in the Emirate of Abu Dhabi, where capacity
  requirements are growing strongly
• TAQA has since grown into an Aa2 rated, publicly
  listed, global energy company and is the
  government's investment conduit in the global
  energy sector

Government of Abu Dhabi
Public Shareholders
25
75
Downstream
Midstream
Upstream
Operational Highlights
Financial Highlights
Production figures as of June 2007. Reserve
figures as of December 2006.
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Global Aspirations Building the Portfolio
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Taqa Today

• An international company with in excess of DH
  68 billion in assets.
• Turnover of over DH 8.3 billion profits of
  over DH 1 billion.
• Operations in Abu Dhabi Ann Arbor, Michigan
  Aberdeen Amsterdam, Calgary and The Hague.
• Alliance partners in the Gulf, Middle East,
  North Africa, Europe, Canada, and the United
  States.
• The USD and EUR bond issue in 2006 was the
  largest bond ever issued by a Middle Eastern
  company at 3.5bn
• Over 2300 employees from 38 different
  nationalities
• Recently completed a further USD bond issue of
  2bn

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Challenges

• Retaining local identity as a global player
• Appropriate acquisitions
• Sovereign wealth funds issue
• Successfully integrate all new entities into the
  TAQA organization
• Facilitate transfer of ownership
• Ensure business continuity
• Ensure synergies are captured
• Ensure streamlining
• Deploy the TAQA way
• Ensure employees feel part of the TAQA family
• Ensure TAQA operational model is implemented
• Support HP team in retaining and recruiting
  talent
• Monitor performance of asset throughout the
  business cycle

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CSR The Big Picture

• TAQA is committed to having a positive impact on
  the countries and communities in which we operate

• Our objective is to be a leader as a responsible
  global energy company, implementing programs of
  ethical, environmental and social benefit to our
  stakeholders
• TAQAs formal CSR policy will provide a framework
  for guiding all our CSR activities and will
  ensure sustainable and responsible corporate
  behavior in the communities where we operate

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Leading in Sustainability

• 3 Cs Initiative
• first GCC company to be invited to join the 3C
  (Combat Climate Change) Initiative
• Reducing Harmful Emissions
• Nitrogen oxides
• Carbon Dioxide
• Solar powered equipment
• Improved fuel performance of machines
• Clean Up the UAE campaign
• Hybrid Cars

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Looking Ahead
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Thank You