Slide 1: Ooredoo Group Full Year 2015 Results
Ooredoo Group Full Year 2015 Results
Slide 2: Disclaimer
Disclaimer Ooredoo (parent company Ooredoo Q.S.C.) and the group of companies which it forms part of (“Ooredoo Group”) cautions investors that certain statements contained in this document state Ooredoo Group management's intentions, hopes, beliefs, expectations, or predictions of the future and,
Slide 3: Contents
Contents Results Review Strategy Review Operations Review Additional Information 3 | FY 2015 | Ooredoo Group Results Call
Slide 4: Key Highlights
Group Results Key Highlights Global customer base further expanded • Group customers reached 117 million in 2015, 9% YoY growth or 9.5 million net customer add over 2014 • Growth driven by strong performances in Qatar, Indonesia, Myanmar, Oman, Algeria, Maldives and Palestine Solid performance deliv
Slide 5: Key Highlights – continued
Group Results Key Highlights – continued Strategic investments into networks and the Ooredoo brand continued • We now have 4G in Qatar, Oman, Kuwait, Indonesia and Maldives; and advanced 3G in Iraq and Myanmar. Algeria and Tunisia are preparing for 4G and Palestine plans to offer 3G in 2016. • After
Slide 6: Revenue and EBITDA
Group Results Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin +1% -2% -3% 33,851 -6% 33,476 33,207 32,161 15,567 -12% +1% 14,640 12,948 13,018 47% 43% 40% 39% 12M'12 12M'13 12M'14 12M'15 12M'12 12M'13 12M'14 12M'15 Revenue in line with guidance & EBITDA exceeded guidance with impro
Slide 7: Net Profit and Net Debt
Group Results Net Profit and Net Debt Net Profit Attributable to Ooredoo shareholders (QARm) Net Debt (QARm) and Net Debt / EBITDA Net Foreign Exchange Net Profit -12% +2% +4% -3% -17% -1% 28,401 28,784 29,391 28,489 3,171 3,197 2,342 2,474 2.1 2.3 2.2 1.9 (224) (208) (356) (618) 12M'12 12M'13 12M'1
Slide 8: Free Cash Flow and Capital Expenditure
Group Results Free Cash Flow and Capital Expenditure Free Cash Flow (QARm) CAPEX (QARm) and CAPEX/ Revenue (%) +27% -10% +4% 9,298 8,762 4,951 8,391 7,316 -67 % +6% -16% 1,658 1,764 1,477 27% 27% 25% 22% 12M'12 12M'13 12M'14 12M'15 12M'12 12M'13 12M'14 12M'15 Excluding FX impact, FCF up by +1% with
Slide 9: Total Group Debt Breakdown
Group Results Total Group Debt Breakdown Total Group Debt (QARm) Total Group Debt Breakdown (as at December 31, 2015) Short-term Long-term Others 7% 45,769 43,185 43,101 39,765 8,126 Indonesia 7,241 6,714 15% 7,373 37,643 35,944 36,387 32,392 Qatar 78% 12M'12 12M'13 12M'14 12M'15 Stable Group debt m
Slide 10: Debt Profile – Ooredoo Q.S.C. Level
Group Results Debt Profile – Ooredoo Q.S.C. Level 1,800 1600 Bonds Sukuk Loans 1,600 1,400 1250 1,200 1000 1000 1000 1000 1,000 750 800 650 600 500 500 400 200 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2028 2043 Interest/ Loan Type (in USD mn) Amount Usage Rate* Maturity Issue Bonds/Sukuk
Slide 11: Total Customers
Group Results Total Customers Ooredoo Group Customers (000) +9% +12% +4% 116,751 107,254 96,184 92,685 12M'12 12M'13 12M'14 12M'15 Strong organic customer growth driven by Indonesia, Myanmar, Algeria, Qatar and Oman Group added 9.5 million net new customers in 2015 11 | FY 2015 | Ooredoo Group Resul
Slide 12: 2015 Performance & 2016 Guidance
Group Results 2015 Performance & 2016 Guidance 2015 Full Year 2016 Full Year Group Financials 2015 % Change Guidance over Guidance over (QAR bn) Actual 2015 / 2014 2014 2015 Revenue 32.16 -3% 0% to -3% -1% to +2% EBITDA 13.02 +1% -1% to -4% -3% to 0% CAPEX 8.76 +4% 8.5 bn to 9.5 bn 6.5 bn to 7.5 bn
Slide 13: Contents
Contents Results Review Strategy Review Operations Review Additional Information 13 | FY 2015 | Ooredoo Group Results Call
Slide 14: Key 2015 Achievements
Key 2015 Achievements • 8 OpCos rebranded: Qatar, Algeria, Maldives, Tunisia, Myanmar, Kuwait, Oman, Indonesia Brand • Brand strength - significant uplifts in awareness and preference across our footprint • Data revenues growing at double digit rates YoY now represents 37% of total group revenues (u
Slide 15: In 2015, we continued to optimize our footprint
In 2015, we continued to optimize our footprint Tunisia Palestine Iraq Algeria Kuwait Myanmar Qatar Laos Oman Maldives Singapore Indonesia • Divested non-core stake in Wi-tribe Philippines • Portfolio optimization • Focus on core business 15 | FY 2015 | Ooredoo Group Results Call
Slide 16: Our evolving strategy provides the right ambition for our OpCos
Our evolving strategy provides the right ambition for our OpCos while allowing for localization Market Performance Efficient Leader Culture Models Results Growth > Market ROCE > WACC Value Creation (Free Cash Flow + ROCE) 16 | FY 2015 | Ooredoo Group Results Call
Slide 17: Contents
Contents Results Review Strategy Review Operations Review Additional Information 17 | FY 2015 | Ooredoo Group Results Call
Slide 18: Operations: Qatar
Group Operations Qatar QARm Revenue • Double digit growth in Revenue, EBITDA and Net Profit +10% driven by data 7,897 7,148 • EBITDA margin improved to 51% • Reached 3.5 million customers, +11% growth YoY • Maintained market leadership 12M'14 12M'15 • Launch of “Supernet”, world class speed on fiber
Slide 19: Operations: Indonesia
Group Operations Indonesia QARm Revenue EBITDA & Margin • Indosat rebranded to “Indosat Ooredoo”, now the eighth Ooredoo branded operation -2% +1% 7,395 7,274 3,303 • Double digit increase in Revenue and EBITDA in 3,279 local currency terms with improved EBITDA margin 44% 45% amid competitive enviro
Slide 20: Operations: Iraq
Group Operations Iraq QARm Revenue • Overall economic situation remains challenging • Security situation slightly improving in Q4 compared to Q3 6,298 -22% but still impacting business - parts of Tikrit governorate 4,884 returned to operation • Maintaining position as market leader of revenue share
Slide 21: Operations: Oman
Group Operations Oman QARm Revenue +11% • Very strong quarter for revenue in Q4: Double digit 2,475 growth in Revenue, EBITDA and Net Profit driven by 2,231 mobile and fixed data • EBITDA margin improved to 53% • Almost half of the revenue generated by data 12M'14 12M'15 • Reached 2.8 million custom
Slide 22: Operations: Kuwait
Group Operations Kuwait QARm • Aggressive competition in the market with handset Revenue subsidies EBITDA & Margin • Recovery continues resulting in Revenue, EBITDA +6% and Net Profit growth driven by strong data and 2,275 +31% B2B performance 2,150 620 473 • EBITDA margin improved to 27% 27% 22% 12
Slide 23: Operations: Algeria
Group Operations Algeria QARm Revenue EBITDA & Margin • Strong revenue and EBITDA growth in local currency terms thanks to 3G leadership and solid 4,623 -13% -0.5% data revenue uptake 4,023 1,481 1,474 • Depreciation of the Algerian Dinar (19% YoY) negatively impacted Revenue and EBITDA 37% 32% repo
Slide 24: Operations: Tunisia
Group Operations Tunisia QARm • Slow tourism after security incidents earlier in the Revenue EBITDA & Margin year with challenging economic conditions • Customer base steady at 7.5 million -21% 2,288 -30% • Strong customer growth in mobile post-paid / fixed 1,803 1,072 746 line and slight decline in
Slide 25: Operations: Myanmar
Group Operations Myanmar QARm • Number of customers more than doubled YoY in Revenue 2015 and reached 5.8 Million with record performance in Q4 1,065 • Increased customer market share in the second half of 2015 • 3G network coverage reached more than three- 189 quarters of the population offering hi
Slide 26: Thank you for your support – Ooredoo won double awards
Thank you for your support – Ooredoo won double awards Qatar Stock Exchange IR Excellence Awards – February 2016 26 | FY 2015 | Ooredoo Group Results Call
Slide 27: Save the date: Ooredoo Capital Markets Day
Save the date: Ooredoo Capital Markets Day Monday, May 23, 2016 in Doha, Qatar Details tbc registration via Ooredoo IR team salsayed@ooredoo.com 27 | Q1 2015 | Ooredoo Group Results Call
Slide 28: Q&A
Q&A Follow us Website: ooredoo.com Email: IR@ooredoo.com Twitter: @OoredooIR Upcoming Events 2016 Q1 Results – April 27, 2016
Slide 29: Contents
Contents Results Review Strategy Review Operations Review Additional Information 29 | FY 2015 | Ooredoo Group Results Call
Slide 30: Group Revenue and EBITDA Breakdown
Additional Information Group Revenue and EBITDA Breakdown Revenue (QARm) EBITDA (QARm) 15,567 33,475 33,851 14,640 33,207 32,161 12,948 13,018 12M'12 12M'13 12M'14 12M'15 12M'12 12M'13 12M'14 12M'15 Qatar 6,220 6,590 7,148 7,897 Qatar 3,249 3,273 3,448 3,996 Indonesia 8,804 8,371 7,395 7,274 Indones
Slide 31: Group CAPEX and Customers Breakdown
Additional Information Group CAPEX and Customers Breakdown CAPEX Breakdown (%) Customer Breakdown (%) Others Others Tunisia Tunisia 1.2% Qatar 1.5% Qatar Iraq 4.0% Myanmar 6.4% 3.0% 11.2% 9.2% Myanmar 5% 15.2% Algeria Iraq 11.2% 16.2% Kuwait 1.9% Algeria 10.2% Oman 2.4% Kuwait 4.2% Oman 7.3% Indones
Slide 32: Blended ARPU
Results Strategy Operations Additional Overview Additional Information Review Review Review Information Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) 129.9 128.1 127.3 127.6 124.3 43.5 66.3 66.8 66.2 67.0 49.8 50.3 34.5 118.5 40.0 63.9 64.9 46.5 47.9 32.3 32.7 38.4 46
Slide 33: Statutory Corporate Tax Rates
Results Strategy Operations Additional Additional Information Overview Review Review Review Information Statutory Corporate Tax Rates Statutory Losses C/Fwd Notes Tax Rate Allowed Algeria 23% 4 years Indonesia 25% 5 years Iraq 15% 5 years GCC companies (including NMTC)are exempted and are subjected
Slide 34: Thank you
Thank you Follow us Website: ooredoo.com Email: IR@ooredoo.com Twitter: @OoredooIR Upcoming Events 2016 Q1 Results – April 27, 2016