Etihad Etisalat Co. · TADAWUL:7020
Etihad Etisalat — Q1 2025 Earnings Presentation
19 slides from Etihad Etisalat's earnings presentation, Apr 29, 2025
Slide 1: Earnings Presentation Q1 2025
, Etihad Etisalat Investor Relations Mobily April 29, 2025 Earnings Presentation Q1 2025
Slide 2: Disclaimer
Disclaimer This document has been prepared by Mobily (the “Company”) solely for presentation purposes. The information contained in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairne
Slide 3: Content
01 Saudi Regulatory and Telecom Environment 02 Q1-25 in Review 03 Strategy 2023+ 04 Operational Performance Highlights Content 05 Financial Performance Highlights 06 Key Financial Highlights 07 FY-25 Performance Guidance 08 APPENDIX: Sustainability at Mobily
Slide 4: Saudi Regulatory and Telecom Environment
KSA annual inflation 1 TASI and TTSI 2.3% 15,000 1.7% 1.9% 1.6% 1.5% -3.0% and 10,000 2.3% +13.2% YTD 5,000 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 31-Mar-24 30-June-24 30-Sep-24 31-Dec-24 31-Mar-25 TASI TTSI 3M and 6M SAIBAOR Mobily share price performance 5.5% 6.1% 6.3% 5.6% 5.6% 5.5% +16.4% 52.4 51.7 51.4
Slide 5: Q1-25 in Review
30 4 9 10 5 6 JAN FEB FEB FEB MAR MAR Won the Signed Forged Partnered Awarded Disability- multiple key numerous Announced an with Jood the Fastest Friendly Work agreements strategic investment of Eskan to Growing Environment at the partnerships over promote Telecom Award for 2024 Capacity with sever
Slide 6: Evolve into the TMT company of the future
Transform the business to address new opportunities in the TMT industry Achieve total Expand 5G experience rollout and leadership network coverage Evolve into the TMT company of the future Repositioning Increase to be a leader in market share new trends Ensure commitment to achieve ESG performance e
Slide 7: Business
Business ▪ Expanded ICT partnerships to ▪ Optimized product ▪ Signed key agreements with deliver a comprehensive end- positioning during Ramadan, leading players to enhance to-end ICT ecosystem driving strong growth in 5G customer experience and FWA and FTTH subscriptions strengthen Mobily’s role as
Slide 8: Leadership in Enriching your Digital World
Revenue Net Income EBITDA CAPEX 4,777 767 1,775 2,130 Strong achievements in our financial KPI’s: o Accelerated Revenue growth driven by all the Company’s revenue streams o Solid EBITDA level due to revenue growth and operational efficiency o 20.2% YoY growth in Net Income Leadership in Enriching o
Slide 9: Revenues increased 5.1% YoY and 1.7% QoQ
( Million) +5.1% +1.7% 4,697 4,777 4,545 4,465 4,499 Revenues increased 5.1% YoY and 1.7% QoQ to 4,777 million: 2,992 3,028 2,932 2,838 2,829 ▪ Resilient growth across all revenue streams ▪ Healthy growth in overall subscriber base 1,063 1,046 1,085 1,134 1,120 449 480 479 466 513 101 101 105 106 11
Slide 10: Mobile Subscribers and FTTH Subscribers
Mobile Subscribers FTTH Subscribers +5.7% +5.9 -2.6% +1.8% 13.0 0.298 0.298 0.285 0.290 12.3 12.2 11.7 12.3 0.283 2.0 Postpaid 1.9 1.9 2.0 1.9 Prepaid 10.4 10.2 10.3 11.0 9.8 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Mobile subscribers increased 5.7% YoY and 5.9
Slide 11: EBITDA
EBITDA ( Million) +7.5% -13.2% 2,047 1,846 1,775 1,651 1,650 EBITDA increased 7.5% YoY to 1,775 million: ▪ Solid top-line growth, coupled with consistent operational efficiency 43.6% 41.0% 36.3% 37.0% 37.1% ▪ EBITDA Margin reached a strong level at 37.1% EBITDA decreased (13.2%) QoQ, normalizing fro
Slide 12: CAPEX
CAPEX ( Million) +855.2% -17.3% 2,578 2,130 1,080 44.6% CAPEX increased by 855.2% YoY to 2,130 million: 609 14.2% ▪ Investments made in the future of connectivity by 223 expanding 5G network and enhancing frequency spectrums 8.0% ▪ Strategic investment allows Mobily to offer its 6.8% customers the l
Slide 13: Free Cash Flow (EBITDA – CAPEX)
Free Cash Flow (EBITDA – CAPEX) ( Million) -124.9% -164.8% 1,428 1,375 1,264 ▪ Free Cash Flow saw a decline by (124.9%) YoY and (164.8%) QoQ to reach (355) million, reflecting the increase in CAPEX. 549 ▪ Normalizing for the spectrum-related CAPEX impact, FCF would record a growth (355) Q1 2024 Q2 2
Slide 14: Gross Debt and Net Debt
Gross Debt ( Million) Net Debt ( Million) +8.8% +13.4% +3.1% +8.7% 10,885 6,755 6,830 6,884 6,409 6,965 10,006 9,891 9,659 9,595 1.01x 1.01x 0.98x 0.89x 0.95x 3M 2024 6M 2024 9M 2024 12M 2024 3M 2025 3M 2024 6M 2024 9M 2024 12M 2024 3M 2025 Net Debt/EBITDA ▪ Gross Debt increased by 8.8% YoY and 13.4
Slide 15: Net Income
Net Income ( Million) +20.2% -21.7% 979 829 ▪ Net Income increased by 20.2% YoY to reach 767 million, 767 638 661 fueled by robust revenue growth, coupled with a strong EBITDA growth ▪ Net Income decreased by (21.7%) QoQ, as Q4 2024 figure includes a positive WHT reversal of 284 million. Q1 2024 Q2
Slide 16: 3M-25 Actual vs FY-25 Guidance
3M-25 Actual FY-25 Guidance Mid- to high- single 5.1% Revenue Growth digit growth 37.1% EBITDA Margin 37-38% 0.95x Net Debt/EBITDA 1.0x 44.6% CAPEX Intensity 16-18% Earnings Presentation | Q1 2025
Slide 17: Q&A
Q&A Earnings Presentation | Q1 2025
Slide 18: Thank You
Thank You Read more about Mobily through Get in touch with Mobily’s IR team: our recent 2024 IR Email IR Webpage IR App Annual Report IRD@mobily.com.sa IR Phone 0560314099
Slide 19: Earnings Presentation | Q1 2025
Earnings Presentation | Q1 2025
Etihad Etisalat Company (Mobily) — Q1 2025 Earnings Presentation on 6ix