Etihad Etisalat Co. · TADAWUL:7020
Etihad Etisalat — Q1 2024 Earnings Presentation
19 slides from Etihad Etisalat's earnings presentation, 2024
Slide 1: Earnings Presentation
Classification: Mobily TOP SECRET Earnings Presentation TOP SECRET
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: Saudi Regulatory and Telecom Environment Financial Performance Highlights Q1-24 in Review
01 Saudi Regulatory and Telecom Environment 05 Financial Performance Highlights 02 Q1-24 in Review 06 Key Financial Highlights 03 Strategy 2023+ 07 FY-24 Performance Guidance 04 Operational Performance Highlights 08 APPENDIX: Sustainability at Mobily Earnings Presentation | Q1 2024
Slide 4: Saudi regulatory and telecom environment
2.7% 2.7% KSA median download speeds2 1.7% 1.5% 1.6% KSA annual inflation 1 1.6% 124.93 Mbps 111.86 Mbps YoY Mobile Fixed broadband 31-Mar-23 30-June-23 30-Sep-23 31-Dec-23 31-Mar-24 Mobily achieved a strong latency in KSA for Q1-243 3 Mobily achieved the lowest latency in KSA for Q1-23 3M SAIBOR 6M
Slide 5: Q1-24 in review
Mobily ranked fastest-growing firm in the Mobily have been awarded "Legal telecom sector in the Middle East by Tech Advocate of the Year” and " Brand Finance. Brand Finance also placed Legal Tech Collaboration of the Mobily achieved the “Best the firm’s CEO, Eng. Salman Al Badran, Mobily Business is
Slide 6: Evolve into the TMT company of the future
Expand 5G rollout and Increase market share network coverage Evolve into the Ensure commitment to Achieve total TMT company of achieve ESG performance experience leadership excellence the future Transform the business to Repositioning to be a address new opportunities leader in new trends in the TMT
Slide 7: Business, Consumer, Wholesale and Carrier services
Business Consumer Wholesale and Carrier services ▪ Expanded major connectivity ▪ Enhanced partner ▪ Concluded connectivity services and projects in line engagement, and service deals with national with Vision 2030 expanded market reach and international customers ▪ Progressed towards the ▪ Enhanced
Slide 8: Key financial KPIs
Revenues Net Income EBITDA CAPEX SAR 4,545 SAR 638 SAR 1,651 SAR 223 Strong achievements in our financial KPI’s: ▪ Achieved the highest quarterly Revenue in the past decade, driven by growth across all Revenue streams ▪ Strong EBITDA level, supporting a remarkable EBITDA margin ▪ Consistent Net Inco
Slide 9: Revenues
+11.7% +5.6% 4,545 4,268 4,306 4,070 4,118 Revenues increased 11.7% YoY and 5.6% QoQ to SAR 4,545 2,932 million: 2,786 2,677 2,847 2,770 ▪ Resilient growth in Business, Wholesale, and Consumer units revenues 1,063 ▪ Healthy growth in overall subscriber base 822 932 919 939 367 436 436 422 449 111 11
Slide 10: Mobile and FTTH subscribers
Mobile Subscribers FTTH Subscribers (In Million) (In Million) +6.4% +4.2% +7.2% +1.8% 11.9 11.8 12.3 0.293 0.298 11.6 11.6 0.278 0.276 0.282 1.9 1.9 1.9 Postpaid 1.8 1.9 Prepaid 9.7 10.0 9.7 9.9 10.4 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Mobile subscribers i
Slide 11: EBITDA and EBITDA margin
(SAR Million) +5.7% -11.5% 1,867 1,596 1,600 1,651 1,562 EBITDA increased 5.7% YoY to SAR 1,651 million: ▪ EBITDA growth is driven by strong topline performance 43.3% ▪ EBITDA Margin reached a strong level at 36.3% 38.4% 37.4% 38.9% 36.3% EBITDA decreased (11.5%) QoQ as Q4 2023 figure includes a pos
Slide 12: CAPEX and CAPEX-to-revenues
CAPEX and CAPEX-to-revenues % (SAR Million) -0.5% -83.7% 1,370 CAPEX decreased by (0.5%) YoY to SAR 223 million: 31.8% 350 375 ▪ Investments made in the future of connectivity by 224 223 expanding 5G network, IoT infrastructure, and data centers ▪ Strategic investment allows Mobily to offer its 9.1%
Slide 13: Free Cash Flow (EBITDA – CAPEX)
Free Cash Flow (EBITDA – CAPEX) (SAR Million) +6.7% +187.3% 1,428 1,338 1,246 1,225 Free Cash Flow continued to exhibit solid growth, increasing by 6.7% YoY and 187.3% QoQ to reach SAR 1,428 million due to strong EBITDA performance. 497 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Earnings Presentation |
Slide 14: Gross Debt, Net Debt and Net Debt/EBITDA
Gross Debt Net Debt and Net Debt/EBITDA (SAR Million) (SAR Million) -19.1% -14.5% -28.1% -14.7% 12,374 12,329 11,839 9,394 9,809 8,813 7,918 6,755 11,701 10,006 1.50x 1.54x 1.36x 1.20x 1.01x Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Net Debt/EBITDA ▪ Gross Debt
Slide 15: Net Income
Net Income (SAR Million) +37.2% -14.5% 746 638 Net Income increased by 37.2% YoY to reach SAR 638 million: 497 524 ▪ Robust revenue growth of 11.7% YoY, coupled with a strong 465 EBITDA growth of 5.7% YoY Net Income decreased by (14.5%) QoQ as Q4 2023 figure includes a positive contingent liability
Slide 16: 3M-24 Actual vs FY-24 Guidance
3M-24 Actual FY-24 Guidance Mid- to high- single 11.7% Revenue Growth digit growth 36.3% EBITDA Margin 37-38% 1.0x Net Debt/EBITDA 1.1x 4.9% CAPEX Intensity 14-16% Earnings Presentation | Q1 2024
Slide 17: Q&A
Q&A Earnings Earnings Presentation Presentation | Q1 2023 | Q1 2024
Slide 18: Sustainability at Mobily
Saudi Vision Saudi ICT Saudi Green UN Global Global Reporting SDG’s 2030 Strategy 2023 Initiative Compact Initiative Upgraded to ‘A’ in Launched Mobily Launched Mobily’s +59,000 hours of Sponsored MSCI ESG Index –first Recycling Initiative new ‘RISILIENT’ structured employee Monsha’at’s Saudi Teleco
Slide 19: Thank you
Etihad Etisalat Investor Relations Thank you Mobily IR Webpage Mobily IR App Mobily Investor Mobily Investor Relations Webpage Relations Application E-mail IRD@mobily.com.sa
Etihad Etisalat Co. (Mobily) — Q1 2024 Earnings Presentation on 6ix