Emirates Telecom. Group Company (etisalat Group) Pjsc · ADX:EAND
Emirates Telecom. Group Company (etisalat Group) Pjsc — Etisalat Group — Q1 2018 Earnings Presentation
21 slides from Emirates Telecom. Group Company (etisalat Group) Pjsc's earnings presentation, Apr 25, 2018
Slide 1: Etisalat Group Q1 2018 Results Presentation
ETISALAT GROUP Q1 2018 RESULTS PRESENTATION - ABU DHABI, UAE 25TH APRIL 2018 1
Slide 2: Disclaimer
Etisalat Group | Q1 2018 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 Saleh Al Abdooli Chief Executive Officer Etisalat Group
Slide 4: Etisalat Group Financial Highlights
Etisalat Group | Q1 2018 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS AED Million Q1 2018 Growth YoY% Growth QoQ% Revenue 13,104 +5% -3% EBITDA 6,479 +2% 0% EBITDA Margin 49% -2pp +2pp Net profit 2,112 0% +7% Net profit Margin 16% -1pp +1pp Capex 1,294 -16% -51% Cape
Slide 5: Etisalat Group Financial Highlights
Etisalat Group | Q1 2018 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS • Healthy revenue (+5%) and EBITDA (+2%) growth Y/Y • EBITDA Margin impacted by changes in revenue mix • Improved free cash flow • Results ahead of full year guidance • Maintained subscribers growt
Slide 6: 2. Financial Overview
2. Financial Overview Serkan Okandan Chief Financial Officer Etisalat Group
Slide 7: Etisalat Group Financial Highlights
Etisalat Group | Q1 2018 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS Revenue Breakdown Q1 2018 (AED m) EBITDA Breakdown Q1 2018 (AED m) 13.1 6.5 Bn Bn +5% Y0Y Growth +2% Y0Y Growth UAE +3% UAE -2% MT Group (LC+6%) +15% MT Group (LC+6%) +15% Egypt (LC+20%) +21% Egypt
Slide 8: Int'l Operations Financial Highlights Q1 2018
Etisalat Group | Q1 2018 Results Presentation FINANCIAL HIGHLIGHTS INT’L OPERATIONS FINANCIAL HIGHLIGHTS Q1 2018 Revenue (AED m)/EBITDA (AED m) / EBITDA Revenue & EBITDA (AED m) / EBITDA Margin (%) / Margin (%) YoYGrowth % Maroc Telecom Q1 2018 Growth Growth in AED in MAD Revenue 3,404 +15% +6% EBIT
Slide 9: Group Revenue
Etisalat Group | Q1 2018 Results Presentation REVENUE GROUP REVENUE Revenue (AED m) and YoY growth (%) Sources of Revenue growth Q1 2018 Vs. Q1 2017 (AEDm) 4% 5% -3% Q1’17 UAE MT Group Egypt Pakistan Others Q1’18 Highlights Revenue by Cluster (1Q’18) • In Q1’18 consolidated revenue increased Y/Y by
Slide 10: Group EBITDA
Etisalat Group | Q1 2018 Results Presentation EBITDA GROUP EBITDA EBITDA (AED m) & EBITDA Margin Sources of EBITDA growth – Q1 2018 vs Q1 2017 (AED m) Q1’17 UAE MT Group Egypt Pakistan Others Q1’18 Highlights EBITDA by Cluster (Q1’18) • Q1’18 consolidated EBITDA increased Y/Y by 2% mainly due to Int
Slide 11: Group Capex
Etisalat Group | Q1 2018 Results Presentation CAPEX GROUP CAPEX CAPEX (AED m) & CAPEX/Revenue Ratio (%) Sources of Capex growth – Q1 2018 vs Q1 2017 (AED m) Q1’17 UAE MT Group Egypt Pakistan Others Q1’18 Highlights CAPEX by Cluster (Q1’18) In Q1’18 consolidated capex decreased Y/Y by 16% Domestic
Slide 12: Group Balance Sheet & Cash Flows
Etisalat Group | Q1 2018 Results Presentation BALANCE SHEET & CASHFLOWS GROUP BALANCE SHEET & CASH FLOWS Balance Sheet (AED m) Dec-17 Mar-18 Investment Grade Credit Ratings Cash & bank Balances 27,125 25,748 AA-/Stable Total Assets 128,894 127,180 Total Debt 24,705 24,167 Net Cash / (Debt) 2,420 1,5
Slide 13: Debt Profile: Diversified Debt Portfolio
Etisalat Group | Q1 2018 Results Presentation DEBT PROFILE DEBT PROFILE: DIVERSIFIED DEBT PORTFOLIO Borrowings by Operation Q1 2018 (AED m) Borrowings by Currency Q1 2018 (%) 16,402 4,602 1,726 1,438 Group MT Group Egypt Pakistan Debt by Source Q1 2018 (AED m) Repayment Schedule Q1 2018 (AED m) 15,8
Slide 14: Country by Country Financial Review
COUNTRY BY COUNTRY FINANCIAL REVIEW 14
Slide 15: UAE: Top-line and Bottom-line Growth
Etisalat Group | Q1 2018 Results Presentation UAE UAE: TOP-LINE AND BOTTOM-LINE GROWTH Revenue (AED m) / YoY Growth (%) EBITDA (AED m) / EBITDA % Net Profit (AED m) / Profit Margin (%) CAPEX (AED m) & CAPEX / Revenue Ration (%) (1) Prior period financial figures are restated to reflect IFRS15 adjust
Slide 16: UAE: Revenue Breakdown and Key KPI's
Etisalat Group | Q1 2018 Results Presentation UAE UAE: REVENUE BREAKDOWN AND KEY KPI’S 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 17: Maroc Telecom: Revenue Growth in Domestic & Int'l Operations
Etisalat Group | Q1 2018 Results Presentation MAROC TELECOM GROUP MAROC TELECOM: REVENUE GROWTH IN DOMESTIC & INT’L OPERATIONS Morocco, Benin, Burkina Faso, CAR, CDI, Gab on, Mali, Mauritania, Niger & Togo Subscribers (m) Revenue (AED m) / EBITDA Margin CAPEX (AED m) & CAPEX/Revenue Ratio (%) Revenu
Slide 18: Egypt: Strong Revenue Growth with Improved Margins
Etisalat Group | Q1 2018 Results Presentation EGYPT EGYPT: STRONG REVENUE GROWTH WITH IMPROVED MARGINS CAPEX (AED m) & Subscribers(1) (m) Revenue (AED m) / EBITDA CAPEX/Revenue Ratio (%) HIGHLIGHTS USD / EGP FX Rate (EGP) • Regulatory restriction negatively impacted customer acquisitions 18.2 17.8 1
Slide 19: Pakistan: Strong Growth in Subscribers
Etisalat Group | Q1 2018 Results Presentation PAKISTAN PAKISTAN: STRONG GROWTH IN SUBSCRIBERS CAPEX (AED m) & Subscribers (m) Revenue (AED m) / EBITDA Margin CAPEX/Revenue Ratio (%) REVENUE BREAKDOWN Q1’18 USD / PKR FX Rate (EGP) 115.6 110.5 104.8 111.7 Ufone 106.4 PTCL 104.8 58% 42% Q1'17 Q4'17 Q1'
Slide 20: 2018 Actual Against Guidance
Etisalat Group | Q1 2018 Results Presentation GUIDANCE 2018 ACTUAL AGAINST GUIDANCE: BETTER PERFORMANCE IN REVENUES WHILE IN LINE WITH EBITDA MARGIN Financial Guidance Actual KPI 2018 in AED Q1 2018 in AED Revenue Growth % Slightly lower +5% EBITDA Margin% 49% - 50% 49% CAPEX / Revenue % 18% - 19% 1
Slide 21: Etisalat Group Investor Relations
ETISALAT GROUP INVESTOR RELATIONS Email: ir@etisalat.ae Website: www.etisalat.com/en/ir/index.jspr 21