Emirates Telecom. Group Company (etisalat Group) Pjsc · ADX:EAND
Emirates Telecom. Group Company (etisalat Group) Pjsc — Etisalat Group — Q3 2020 Earnings Presentation
22 slides from Emirates Telecom. Group Company (etisalat Group) Pjsc's earnings presentation, Oct 22, 2020
Slide 1: Etisalat Group Q3 2020 Results Presentation
ETISALAT GROUP Q3 2020 RESULTS PRESENTATION 22 OCTOBER 2020 - ABU DHABI, UAE
Slide 2: Disclaimer
Etisalat Group | Q3 2020 Results Presentation DISCLAIMER Emirates Telecommunications Group Company PJSC and its subsidiaries (“Etisalat Group” or the “Company”) have prepared this presentation (“Presentation”) in good faith, however, no warranty or representation, express or implied is made as to th
Slide 3: 1. Business Overview
1. Business Overview Hatem Dowidar Chief Executive Officer (Interim) Etisalat Group
Slide 4: COVID-19: Supporting Our Stakeholders
Etisalat Group | Q3 2020 Results Presentation TOGETHER MATTERS COVID-19: SUPPORTING OUR STAKEHOLDERS Safety Commercial & Network Accelerated digitalisation Continued to prioritize initiatives and innovative employee and customer Resilient Businesssafety Continuity Health Reliable Network Matters off
Slide 5: Etisalat Group Financial Highlights
Etisalat Group | Q3 2020 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS AED Million Q3 2020 Growth Growth 9M 2020 Growth YoY% YoY% QoQ% Revenue 13,039 +0% +4% 38,644 -1% EBITDA 6,904 +2% +6% 20,142 +0% EBITDA Margin 53% +1pp +1pp 52% +0pp Net profit 2,412 +6% +1% 6,979
Slide 6: Etisalat Group Financial Highlights
Etisalat Group | Q3 2020 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS • Expanding Etisalat Group customer base by +1% • COVID-19 driving revenue slowdown • Improved EBITDA Margin to 53% • Maintaining profitable growth and improving operating free cash flow • Subscrib
Slide 7: 2. Financial Overview
2. Financial Overview Karim Bennis Chief Financial Officer Etisalat Group
Slide 8: Etisalat Group Financial Highlights
Etisalat Group | Q3 2020 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS Revenue Breakdown Q3 2020 (AED m) EBITDA Breakdown Q3 2020 (AED m) 13.0 6.9 Bn Bn YoY Growth 0.5% YoY Growth +2.2% UAE -3% UAE -4% MT Group (LC -3%) +1% MT Group (LC +4%) +7% Egypt (LC +14%) +18% E
Slide 9: Int'l Operations Financial Highlights Q3 2020
Etisalat Group | Q3 2020 Results Presentation FINANCIAL HIGHLIGHTS INT’L OPERATIONS FINANCIAL HIGHLIGHTS Q3 2020 Revenue (AED m) / EBITDA (AED m) / Revenue & EBITDA (AED m) / EBITDA Margin (%) / EBITDA Margin (%) YoY Growth % MT Group Q3 2020 Growth Growth in AED in MAD Revenue 3,449 +1% -3% EBITDA
Slide 10: Group Revenue
Etisalat Group | Q3 2020 Results Presentation REVENUE GROUP REVENUE Revenue (AED m) & YoY Growth (%) Sources of Revenue Growth – Q3 2020 vs Q3 2019 (AED m) 4% 5% -3% Constant Cu Y/Y % growth +1% +1% -0.4% Highlights Revenue by Cluster (Q3 2020) • In Q3’20 consolidated revenue increased by 0.5% as CO
Slide 11: Group EBITDA
Etisalat Group | Q3 2020 Results Presentation EBITDA GROUP EBITDA EBITDA (AED m) & EBITDA Margin (%) Sources of EBITDA Growth – Q3 2020 vs Q3 2019 (AED m) Constant Cu Y/Y % growth +1% +1% +1.1% Highlights EBITDA by Cluster (Q3 2020) • In Q3’20 consolidated EBITDA increased Y/Y by 2% attributed to on
Slide 12: Group Capex
Etisalat Group | Q3 2020 Results Presentation CAPEX GROUP CAPEX CAPEX (AED m) & CAPEX/Revenue Ratio (%) Sources of Capex Growth – Q3 2020 vs Q3 2019 (AED m) 1,853 40% 104 1,800 1,545 1,527 35% 1,600 1,853 1,400 30% 33 1,545 1,200 25% 193 49 1,000 203 14% 20% 800 12% 12% 15% 600 400 10% 200 5% 0 0% Q
Slide 13: Group Balance Sheet & Cash Flows
Etisalat Group | Q3 2020 Results Presentation BALANCE SHEET / CASHFLOWS GROUP BALANCE SHEET & CASH FLOWS Balance Sheet (AED m) Dec-19 Sep-20 Investment Grade Credit Ratings Cash & bank Balances 29,657 26,952 Total Assets AA-/Stable 128,266 126,343 Total Debt 23,889 26,028 Net Cash / (Debt) 5,768 924
Slide 14: Debt Profile: Diversified Debt Portfolio
Etisalat Group | Q3 2020 Results Presentation DEBT PROFILE DEBT PROFILE: DIVERSIFIED DEBT PORTFOLIO Borrowings by Operation Q3 2020 (AED m) Borrowings by Currency Q3 2020 (%) 15,259 8,557 1,262 949 Group MT Group Pakistan Egypt Debt by Source Q3 2020 (AED m) Repayment Schedule Q3 2020 (AED m) 13,050
Slide 15: Country by Country Financial Review
COUNTRY BY COUNTRY FINANCIAL REVIEW 15 15
Slide 16: UAE: COVID-19 Driving Revenue Slowdown
Etisalat Group | Q3 2020 Results Presentation UAE UAE: COVID-19 DRIVING REVENUE SLOWDOWN COST OPTIMISATION INITIATIVES SUPPORTED PROFITABILITY MARGINS Revenue (AED m) / YoY Growth (%) EBITDA (AED m) / EBITDA Margin (%) Net Profit (AED m) / Profit Margin (%) CAPEX (AED m) & CAPEX / Revenue Ratio (%)
Slide 17: UAE: Revenue Breakdown and Key KPIs
Etisalat Group | Q3 2020 Results Presentation UAE UAE: REVENUE BREAKDOWN AND KEY KPIs Mobile Revenues(1) (AED m) Fixed Revenues(2) (AED m) Other Revenues(3) (AED m) Mobile Subs(4) (m) & ARPU(5) (AED) Fixed Broadband(6) Subs (m) & ARPU(7) (AED) (1) Mobile revenues includes mobile voice, data, rental,
Slide 18: Maroc Telecom: Revenue Impacted by COVID-19
Etisalat Group | Q3 2020 Results Presentation MAROC TELECOM GROUP MAROC TELECOM: REVENUE IMPACTED BY COVID-19 Morocco, Benin, Burkina Faso, CAR, CDI, Chad, Gabon, Mali, Mauritania, Niger & Togo Subscribers (m) Revenue (AED m) / EBITDA Margin (%) CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % Growth (
Slide 19: Egypt: Strong Revenue Growth and Profitability
Etisalat Group | Q3 2020 Results Presentation EGYPT EGYPT: STRONG REVENUE GROWTH AND PROFITABILITY Subscribers (m) Revenue (AED m) / EBITDA Margin (%) CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % Growth (AED) +25% +18% +18% Highlights • Y/Y revenue growth attributed to data and wholesale segments •
Slide 20: Pakistan: Stabilizing Revenue and EBITDA Margin
Etisalat Group | Q3 2020 Results Presentation PAKISTAN PAKISTAN: STABALIZING REVENUE AND EBITDA MARGIN Subscribers (m) Revenue (AED m) / EBITDA Margin (%) CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % Growth (AED) -25% -15% -1% REVENUE BREAKDOWN Q3 2020 USD / PKR FX Rate (PKR) 167.9 165.7 YoY 156.4
Slide 21: 9M 2020: Agility on Cost Optimization Initiatives
Etisalat Group | Q3 2020 Results Presentation YTD 2020 HIGHLIGHTS 9M 2020: AGILITY ON COST OPTIMIZATION INITIATIVES SUPPORTS PROFITABILITY RESILIENCE Revenue EBITDA Net Profit CAPEX 38.6 20.1 7.0 4.2 AED Billion AED Billion AED Billion AED Billion YOY Growth YOY Growth YOY Growth YOY Growth -0.5%
Slide 22: Etisalat Group Investor Relations
ETISALAT GROUP INVESTOR RELATIONS Email: ir@etisalat.ae Website: www.etisalat.com 22 22