Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — Q2 2017 Earnings Presentation
13 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, Jul 25, 2017
Slide 1: Q2 2017 Results
Q2 2017 Results Emirates Integrated Telecommunications Company PJSC 25 July 2017
Slide 2: Quarterly Financial Highlights
Quarterly Financial Highlights Total Revenue EBITDA Net Profit before Free Cash Flow Mobile subscribers (AED M) (AED M) Royalty (AED M) before Royalty (000s) (AED M) +6.2% -0.3% +0.4% -15.3% +1.5% 2
Slide 3: Market overview
Market overview Market share consolidation – sustained competitiveness in the market UAE Mobile Subscribers - Market share quarterly evolution UAE Telecom Market – Revenue share quarterly evolution 60.0% 80.0% 70.0% 71.3% 55.0% 53.6% 60.0% 50.0% 50.0% 40.0% 45.0% 46.4% * 30.0% 28.7% 40.0% 20.0% Etis
Slide 4: Progressive Dividend Payment
Progressive Dividend Payment Proposed dividend payment *An Ordinary General Meeting will be held on 13th September to approve the proposed dividend payment. The company will send an official notification to shareholders prior to the OGM date 4
Slide 5: Revenue – Quarter
Revenue – Quarter Total Revenue (AED M) Mobile Revenue (AED M) +6.2% +5.2% 3,255 2,298 3,066 2,184 Q2 2016 Q2 2017 Q2 2016 Q2 2017 Fixed Revenue (AED M) +9.3% 707 647 Q2 2016 Q2 2017 5
Slide 6: Revenue – Year To Date
Revenue – Year To Date Total Revenue (AED M) Mobile Revenue (AED M) +4.3% +2.6% 6,422 4,532 6,156 4,419 H1 2016 H1 2017 H1 2016 H1 2017 Fixed Revenue (AED M) +8.6% 1,387 1,277 H1 2016 H1 2017 6
Slide 7: Revenue Drivers
Revenue Drivers Mobile Subscribers Active 90 Days (‘000) Fixed Lines (‘000) +1.5% +4.0% 8,096 8,220 714 686 Q2 2016 Q2 2017 Q2 2016 Q2 2017 Mobile ARPU (AED) -5.1% 82 78 Q2 2016 Q2 2017 7
Slide 8: Net Profit after Royalty – Quarter
Net Profit after Royalty – Quarter Net Profit before Royalty (AED M) Royalty Rates Compared +0.4% 970 974 31.6% 29.9% Q2 2016 Q2 2017 Net Profit before Royalty (AED M) Net Profit before Royalty % Royalty (AED M) Net Profit after Royalty (AED M) +0.6% +0.3% 445 447 524 527 54.1% 54.1% 14.5% 13.7% Q2
Slide 9: Net Profit after Royalty – Year to Date
Net Profit after Royalty – Year to Date Net Profit before Royalty (AED M) Royalty Rates Compared -8.3% 1,991 1,825 32.3% 28.4% H1 2016 H1 2017 Net Profit before Royalty (AED M) Net Profit before Royalty % Royalty (AED M) Net Profit after Royalty (AED M) -4.9% -12.3% 1,065 1,014 926 812 15.0% 12.6% 5
Slide 10: Capital Investments
Capital Investments Quarterly Capex Additions (AED M) Year to Date Capex Additions (AED M) -3.5% +2.4% 651 667 492 475 Q2 2016 Q2 2017 H1 2016 H1 2017 10
Slide 11: Free cash flow – Quarter
Free cash flow – Quarter Robust despite declines Free Cash Flow before Royalty (AED M) Free Cash Flow after Royalty (AED M) -15.3% -19.5% Free cash flow is defined as cash from operations less spending on tangible and intangible assets and investments in subsidiaries and associates 11
Slide 12: Free cash flow – Year to Date
Free cash flow – Year to Date Free Cash Flow before Royalty (AED M) Free Cash Flow after Royalty (AED M) -13.2% -86.7% Free cash flow is defined as cash from operations less spending on tangible and intangible assets and investments in subsidiaries and associates 12
Slide 13: Disclaimer
Disclaimer • Emirates Integrated Telecommunications Company PJSC (hereafter ”du”) is a telecommunication services provider in the UAE. • du cautions investors that certain statements contained within this document state management’s intentions, hopes, beliefs, expectations or predictions of the futu
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