Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — Q2 2019 Earnings Presentation
12 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, Jul 23, 2019
Slide 1: Q2 2019 Results
Q2 2019 Results Emirates Integrated Telecommunications Company PJSC 23rd Jul 2019 1
Slide 2: Q2 2019: Key Highlights
Q2 2019 : Key Highlights • In line with previous quarters, Fixed revenue increased by 5.8% to AED 617 million, while Mobile revenue decreased 6.8% to AED 1.69 billion in Q2 2019, due to continued pressure from declining voice revenues compared to Q2 2018 • Continuous growth of Fixed-line base to rea
Slide 3: Q2 2019: Revenue Performance
Q2 2019 : Revenue Performance Total Revenue (AED Mn.) Segment Contributions (AED Mn.) -4.8% Mobile Revenues Fixed Revenues Other Revenues -6.8% -7.6% +5.8% 3,351 3,189 1,818 950 1,694 878 617 583 Q2-18 Q2-19 Q2-18 Q2-19 Q2-18 Q2-19 Q2-18 Q2-19 • Total revenue decline was mainly due to the decrease i
Slide 4: Profitability
Q2 2019 : Profitability EBITDA (AED Mn.) Net Profit after Royalty (AED Mn.) +4.4% +2.5% -1.1% +5.5% 464 1,489 1,473 453 440 1,411 78 13 Q2-18 IFRS16 Impact Adjusted Q2-19 Q2-18 IFRS16 Impact Adjusted Q2-19 Q2-18 Q2-18 • Implementation of IFRS16 positively impacted EBITDA which improved by 4.4% when
Slide 5: Capex and Free Cash Flow
Q2 2019 : Capex and Free Cash Flow Capital Expenditure (AED Mn.) Free Cash Flow (AED Mn.) FCF Before Royalty +92.7% +7.2% • Q2 2019 capital expenditure has increased due to acceleration of investment in upcoming 697 technologies. 650 Q2-18 Q2-19 FCF After Royalty 286 +0.5% 148 -1,364 -1,357 Q2-18 Q2
Slide 6: Subscribers and ARPU
Q2 2019 : Subscribers and ARPU Subscribers (In ‘000) Mobile ARPU (In AED) Mobile (‘000) -8.9% +3.8% -7.6% • Active 90 days Mobile 8,733 7,923 7,220 subscriber base declined by 8,066 8.9% in Q2 2019 compared to the same period last year as we continued our focus on Q2-18 Q2-19 Q2-18 Q2-19 value rathe
Slide 7: H1 2019: Revenue Performance
H1 2019 : Revenue Performance Total Revenue (AED Mn.) Segment Contributions (AED Mn.) -5.3% Mobile Revenues Fixed Revenues Other Revenues -7.4% -8.8% +7.4% 6,682 6,329 3,619 1,919 3,351 1,750 1,228 1,144 H1-18 H1-19 H1-18 H1-19 H1-18 H1-19 H1-18 H1-19 • Total revenue decline was mainly due to the de
Slide 8: H1 2019: Profitability
H1 2019 : Profitability EBITDA (AED Mn.) Net Profit after Royalty (AED Mn.) +1% -5.4% +1.7% +11.3% 2,892 2,862 2,843 965 169 151 913 119 26 820 H1-18 One IFRS16 Adjusted H1-19 H1-18 One IFRS16 Adjusted H1-19 Off Impact H1-18 Off Impact H1-18 Impact Impact • In Q1 2018 eitc received one-off benefit o
Slide 9: H1 2019: Capex and Free Cash Flow
H1 2019 : Capex and Free Cash Flow Capital Expenditure (AED Mn.) Free Cash Flow (AED Mn.) FCF Before Royalty +85.1% -3.0% • H1 2019 capital expenditure has increased due to the acceleration of investment in upcoming 1,741 technologies. 1,689 • H1 2019 Free Cash flow decline slightly by 3.0% as compa
Slide 10: H1 2019: Subscribers and ARPU
H1 2019 : Subscribers and ARPU Subscribers (In ‘000) Mobile ARPU (In AED) Mobile ( ‘000) -8.9% +1.9% -7.6% • Active 90 day Mobile subscriber 8,733 7,923 7,220 base declined by 8.9% in H1 8,066 2019 compared to the same period last year as we continued our focus on value H1-18 H2-18 H1-18 H2-18 rathe
Slide 11: Market overview
Market overview Market share consolidation – sustain competitiveness in the market UAE Mobile Subscribers - Market share quarterly UAE Telecom Market – Revenue share quarterly evolution evolution 60.0% 80.0% 56.5% 50.0% 70.0% 71.4% 43.5% 60.0% 40.0% 50.0% 30.0% 40.0% 30.0% * 20.0% 28.6% 20.0% 10.0%
Slide 12: Thank You
Thank You 12
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