REPORT SMARTER THE TRADE ANNUAL REPORT & ACCOUNTS 2020 ACCOUNTS & REPORT ANNUAL
التقرير السنوي والحسابات لعام ANNUAL REPORT AND ACCOUNTS 2020 2020 تقرير السنوي والحسابات لعام 2020 التقرير السنوي والحسابات لعام األذكى التجارة األذكى 1
Strategic Report
CONTENTS IN A YEAR WHEN THE Strategic Report Financial Highlights 2 Operational and Strategic Highlights 3 WORLD STOPPED, What We Do and Where We Operate 4 Group Chairman and Chief Executive Officer’s Statement 6 Our COVID-19 Response 9 The Year in Review 10 Market Overview 12 A Business Model for a Sustainable Future 18 Effective Strategy for Smarter Trade 20 WE HELPED TO KEEP Business Review 22 Case Studies 24 Group Chief Financial, Strategy TRADE FLOWING. and Business Officer’s Review 30 Effective Risk Management 32 Key Performance Indicators 44 Engaging with Our Stakeholders 46 DP World is the leading provider of smart logistics solutions, enabling the People 48 smooth flow of trade across the globe. We are more than 53,000 people Sustainability and Impact 52 seeking to make global trade smarter.
Corporate Governance Board of Directors 80 We establish physical infrastructure where it’s most needed and harness Report of the Directors 82 the infinite opportunities offered by digital technology to make the Chairman’s introduction 84 supply chain even better. Corporate Governance 86 Statement of Directors’ Responsibilities 106 We are proud to be in a business where we can make a positive Financial Statements difference to the world and create a better future for all. This means for Independent Auditors’ Report 107 our customers, people and shareholders, but also for our communities Consolidated Statement of Profit or Loss 112 and environments in 61 countries across six continents. Consolidated Statement of Other Comprehensive Income 113 Read What we do on pages 4 and 5 Consolidated Statement of Financial Position 114 Consolidated Statement of Changes in Equity 115 Consolidated Statement of Cash Flows 116 Notes to the Consolidated Financial Statements 117
Adapting trade to Expanding a The spirit
Registered address: the ‘new normal’ global network of sport Office 27, Level 3, Gate Village Building 4 Dubai International Financial Centre See Case study on pages 24 and 25 See Case study on pages 26 and 27 See Case study on pages 28 and 29 PO Box 17000, Dubai, UAE Telephone: +971 4 8811110 www.dpworld.com 2 3
DP World Annual Report and Accounts 2020 Strategic Report
FINANCIAL HIGHLIGHTS OPERATIONAL AND STRATEGIC HIGHLIGHTS
Revenue (US$ million) Adjusted EBITDA (US$ million) US$ 8,533m US$ 3,319m