VEON Ltd. · NASDAQ:VEON
VEON — Q4 2021 Earnings Presentation
10 slides from VEON's earnings presentation, Feb 28, 2022
Slide 1: Average and closing rates of functional currencies to USD
VEON Average and closing rates of functional currencies to USD Index sheet Consolidated VEON 4Q21 4Q20 YoY 4Q21 4Q20 YoY Consolidated VEON Russian Ruble RUB 72.61 76.22 4.7% 74.29 73.88 -0.6% Customers Euro EUR 0.87 0.84 -4.3% 0.88 0.82 -7.4% Russia Algerian Dinar DZD 138.16 129.72 -6.5% 138.81 132.
Slide 2: VEON index page: consolidated financials
VEON index page (in USD millions, unless stated otherwise, unaudited) Consolidated* 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 FY16 Pro-forma Warid FY17 FY18 FY19 IFRS 16 FY19** FY20 FY21 Total revenue 1,912 1,731 1,820 1,828 1,830 1,902 2,005 2,052 9,040 9,474 9,086 8,089 8,089 7,291 7,788 Service rev
Slide 3: VEON index page: mobile and fixed line customers
VEON index page (in millions) Mobile customers 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 FY16 FY17 FY18 FY19 FY20 FY21 Russia 53.5 49.8 49.7 49.9 50.0 50.1 50.6 49.4 58.3 58.2 55.3 54.6 49.9 49.4 Algeria 14.2 13.9 14.2 14.1 14.1 13.9 14.1 14.3 16.3 15.0 15.8 14.6 14.1 14.3 Pakistan 62.0 62.8 64.2 66.4
Slide 4: Russia index page
Russia index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 FY21 Total revenue 1,020 907 946 945 920 939 1,025 1,067 4,097 4,728 4,654 4,481 4,481 3,819 3,950 EBITDA 427 357 377 343 361 355 384 3
Slide 5: Pakistan index page
Pakistan index page (in USD millions, unless stated otherwise, unaudited) MOBILE 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 FY21 Total revenue 316 288 303 325 347 370 349 341 1,450 1,525 1,494 1,320 1,320 1,233 1,408 Service revenue 293 266 278 297 318 340 320 30
Slide 6: Algeria index page
Algeria index page (in USD millions, unless stated otherwise, unaudited) MOBILE 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 FY21 Total revenue 185 160 173 170 159 163 170 165 1,040 915 813 775 775 689 658 Service revenue 184 159 172 169 159 163 170 164 1,031 898 8
Slide 7: Bangladesh index page
Bangladesh index page (in USD millions, unless stated otherwise, unaudited) MOBILE 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 FY21 Total revenue 137 130 136 134 135 140 145 143 621 574 521 537 537 537 564 Service revenue 134 128 133 131 132 137 143 141 606 557 50
Slide 8: Ukraine index page
Ukraine index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 FY21 Total revenue 238 223 236 237 245 257 270 282 586 622 688 870 870 933 1,055 EBITDA 161 151 160 157 167 173 183 181 306 347 387 57
Slide 9: Uzbekistan index page
Uzbekistan index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 FY21 Total revenue 55 48 48 47 45 47 51 51 663 513 315 258 258 198 194 EBITDA 25.4 20.1 5.7 17.0 22.3 18.0 26.4 22.4 395 261 136 13
Slide 10: Kazakhstan index page
Kazakhstan index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 FY21 Total revenue 118 111 122 128 128 137 150 154 364 416 441 486 486 479 569 EBITDA 63 61 64 76 66 72 86 83 161 180 206 270 17 25