Mtn Nigeria Communications Plc · NSENG:MTNN
Mtn Nigeria Communications — Investor Day (June 2026)
23 slides from Mtn Nigeria Communications's investor day presentation, June 2026
Slide 1: Unlocking growth, Delivering returns.
Connectivity | Fintech | Digital Infrastructure One MTN – Three Platforms Unlocking growth, Delivering returns. Karl Toriola CEO: MTN Nigeria and VP: Francophone Africa
Slide 2: Agenda
Agenda 01 Operating Context 02 Strategy 03 Financial and Capital Allocation Framework 04 Key Takeaways 2
Slide 3: MTN Nigeria at a glance
MTN Nigeria at a glance Africa's most compelling telecom growth story - scale, momentum and a clear path to value 01 02 03 04 05 Nigeria’s …in a high - …with …well - Attractive leading growth multiple positioned shareholder operator… market… growth for the long returns engines… term A committed retu
Slide 4: Management team
Management team A strong management team, with rich and diverse experience and a track record of execution Karl Toriola Modupe Kadri Ayham Moussa Tobechukwu Okigbo Oby Ugboma Ibe Etea Chief Executive Officer Chief Financial Officer Chief Operating Officer Chief Corporate Services Chief Risk and Chie
Slide 5: Market leadership at scale
Market leadership at scale Leading mobile operator in Nigeria Subscribers 1 (m) Leading market share and NPS Data metrics 89.5 87.3 1.7m 80.9 Home Broadband subscribers 79.7 53.2 55.0 51.4% 2 66.2% Smartphone Penetration 44.6 47.7 market share FY 23 FY 24 FY 25 Q1 26 #1 2.3m (+38%) 3 Mobile Subscrib
Slide 6: Service revenue evolution
Service revenue evolution Consistent multi - year growth across all key revenue segments Step - change in revenue growth trajectory following Q1 2025 pricing adjustments Growth normalising post pricing reset in line with guidance | Usage intensity and subscriber expansion underpin medium - term mome
Slide 7: Operating Context
Operating Context 7
Slide 8: Macro stabilisation supporting digital growth
Macro stabilisation supporting digital growth Improving macroeconomic conditions, supported by an exciting demographic opportunity GDP growth & inflation Exchange rate & reserves Smartphone penetration (US$ bn) 3.9% 3.9% 1,535.0 50% 1,435.8 48% 1,386.7 45% 3.4% 34.8% 39% 45.5 49.2 2.7% 28.9% 907.1 4
Slide 9: Navigating the regulatory landscape
Navigating the regulatory landscape Regulation supporting industry sustainability • Strengthens subscriber data integrity and KYC compliance NIN - SIM registration • Enhances ecosystem security and regulatory oversight • Supports industry sustainability amid elevated cost environmentt Tariff adjustm
Slide 10: Market structure and competitive landscape
Market structure and competitive landscape Leading operator by market share and quality of experience Market share by mobile subscribers 1 Fastest 5G - West Africa 6.2% 2.0% 1.8% 1.9% 12.2% 12.4% 12.2% Best Mobile Network - Nigeria 27.5% 34.4% 33.9% 34.3% Best Video Experience - Nigeria 27.6% 51.4%
Slide 11: Strategic Positioning
Strategic Positioning 11
Slide 12: Our Ambition 2030 priorities
Our Ambition 2030 priorities Driving growth through connectivity, fintech and digital infrastructure Digital Connectivity Fintech Infrastructure 1 2 3 4 5 6 Deliver strong Accelerate Re - position Accelerate new Drive fintech Capture growth in owning enterprise business and growth strategy data cent
Slide 13: Accelerate Home | Capturing Nigeria's next growth frontier
Accelerate Home | Capturing Nigeria’s next growth frontier Leveraging infrastructure leadership, nationwide scale and converged broadband capabilities to accelerate market leadership 1.7m HOMES CONNECTED >4 - 5x HOMES CONNECTED Q1 2026 Ambition 2030 Market Opportunity Competitive Advantage Approach
Slide 14: MoMo | Powering Nigeria's financial inclusion at scale
MoMo | Powering Nigeria’s financial inclusion at scale Deepening access, driving adoption and building Nigeria's digital financial backbone 3.3m WALLETS 20 - 25m WALLETS Q1 2026 2030 Ambition Market Opportunity Competitive Edge Q1 2026 Performance Telco distribution $5.2B Large subscriber base (+89
Slide 15: Fintech: How we execute for growth
Fintech How we execute for growth Strategic Themes Grow Reposition Institutionalise Partner sustainably the brand compliance for scale Quality over volume From wallet to platform Sustain compliance culture Win through ecosystems Strategic Priorities 1. Drive qualitative acquisition 2. Stabilise the
Slide 16: Financial framework
Financial framework 16
Slide 17: Evolution of revenue segment contribution
Evolution of revenue segment contribution Service revenue mix tilting towards high - growth segments 5% - 3% <5% >3% N5.2bn >5% N3.3bn 2% 5% N2.5bn 2% 4% 8% 2% 3% >60% 5% 4% 2025 54% 2024 48% 2023 44% 39% 36% 46% <25% 2030 Ambition Data Voice Fintech Digital Other service rev enue 17
Slide 18: Financial framework and medium-term guidance
Financial framework and medium - term guidance … underpinning our Ambition 2030 strategy Service Margin Value - based Attractive revenue growth expansion capital allocation FCF At least low - 20% service EBITDA margin of Improve cash flow Stable capital intensity revenue growth mid - high 50% Well -
Slide 19: Actively mitigating diesel cost inflation
Actively mitigating diesel cost inflation Diesel costs remain elevated, but margin risk is being contained Diesel cost sensitivity • Energy component of tower lease costs is indexed to the prior quarter’s average Lagos ex - depot diesel price. N2,000 1.8 - 2.0pp • Assuming average Lagos ex - depot d
Slide 20: Key takeaways
Key takeaways 20
Slide 21: Key takeaways
Key takeaways 1 Clear market leadership, anchored by network quality, brand trust and distribution scale. 2 Early - stage demand curve, with structural tailwinds from rising data and digital adoption. 3 Well - positioned fintech and home segments unlocking new growth vectors. 4 Strong balance sheet
Slide 22: Medium-term guidance
Medium - term guidance Medium - term KPI guidance (FY 26 - 28) Service revenue At least low - 20% growth EBITDA margin Mid - high 50% Capex intensity Stable Our medium - term guidance is based on current macro economic assumptions, including average inflation remaining within the mid - teens and exc
Slide 23: One MTN – Three Platforms
Connectivity | Fintech | Digital Infrastructure One MTN – Three Platforms
MTN Nigeria Communications — Investor Day (June 2026) on 6ix