Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — Q1 FY19 Earnings Presentation
19 slides from Vodafone Qatar Qsc's earnings presentation, May 1, 2019
Slide 1: Financial results: three months ended 31 March 2019
Vodafone Qatar P.Q.S.C. Financial results: three months ended 31 March 2019 1 May 2019
Slide 2: Disclaimer
Disclaimer • The following presentation is made only to, and is directed only at, persons to whom such a presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. • This presentation con
Slide 3: Strategic review
Sheikh Hamad Al Thani Chief Executive Officer Strategic review
Slide 4: CEO Update | Highlights This Quarter
CEO Update | Highlights This Quarter Total revenue for Launch of Vodafone Delivering the quarter grew vs. Giganet – the Shareholder Value previous year’s network for the Cash dividend of 5% quarter for the fifth future is our promise approved at the AGA consecutive quarter to pioneer the latest on 4
Slide 5: Financial review
Brett Goschen Financial review Chief Financial Officer
Slide 6: Q1 FY19 Key points to note & Highlights
Q1 FY19 Key points to note & Highlights Key items impacting FY19 Q1 YoY Strong Quarterly Financial Performance comparisons: led by 27% postpaid subscriber growth and cost optimisation 1. Change to Prepaid subscriber definition to align to ITU resulting in 303k higher EBITDA margin (excluding equipme
Slide 7: Quarterly Financial Performance (Year on Year)
Quarterly Financial Performance (Year on Year) (QR m) FY19 Q1 v FY18 Q1 Total revenue Expenses EBITDA* Net profit +0.6% +46m -5.3% +26m 532 535 181 397 59 61 376 22 44 22 135 +17.9% 188 * 154 473 474 159 17 209 * 200 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 Equipment revenue S
Slide 8: Service Revenue
Service Revenue (QR m) FY19 Q1 v FY18 Q1 Postpaid Revenue Prepaid Revenue Total Service Revenue +17.2% -19.3% 0.2% 223 226 473 487 482 474 236 461 202 203 225 180 212 208 201 FY18 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY18 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY18 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 Servi
Slide 9: Total Revenue & ARPU
Total Revenue & ARPU FY19 Q1 v FY18 Q1 Total Revenue (QR m) ARPU (QR) +0.6% -2.5% 566 105 108 105 103 103 -5.5% 17 535 18 532 519 484 88 84 FY18 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY18 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 Total ARPU Subscribers defintion change impact 21.2% 21.3% 20.1% 22.8% n/a RMS •
Slide 10: EBITDA & Underlying EBITDA margin
EBITDA & Underlying EBITDA margin FY19 Q1 v FY18 Q1 EBITDA* (QR m) EBITDA margin % * +34.2% 181 33.8% 159 22 149 142 +17.9% 135 14 30.4% 28.7% 29.1% 31.2% 27.5% 29.3% 28.0% 159 135 27.5% 25.3% FY18 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY18 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 Normalised EBITDA IFRS 16 i
Slide 11: CAPEX
CAPEX (QR m) FY19 Q1 v FY18 Q1 Quarterly CAPEX Mix Total CAPEX -43.4% Capacity run and 270 Capabilities & IT maintenance Transformation 8 14 115 74 42 30 FY18 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 Coverage & 20 CAPEX capacity expansion 14.0% 5.7% 23.7% 47.8% 7.9% Intensity and others CAPEX investment Q
Slide 12: Statement of income
Statement of income Period ended 31 March 2019 Three months ended Commentary YoY: QR m 31 Mar 19 31 Mar 18 YoY • Revenue increased by QR 3m driven by postpaid and Revenue 535 532 3 equipment revenue offset by impact of a declining prepaid Interconnection and other direct expenses (200) (209) 9 marke
Slide 13: Statement of Financial Position
Statement of Financial Position As at 31 March 2019 Assets QR m Mar-19 Dec-18 Var Property, plant and equipment 1,259 1,292 (34) • Property, plant and equipment decreased by QR 34m due to Intangible assets 4,404 4,428 (24) depreciation QR 59m offset by CAPEX QR 25m Right of use assets 380 - 380 • In
Slide 14: Questions ?
Questions ?
Slide 15: Appendix
Appendix
Slide 16: Mobile Customers ('000s)
Mobile Customers (‘000s) FY19 Q1 v FY18 Q1 Postpaid Customers Prepaid Customers Total Mobile Customers +27.1% -1.0% 23.7% 433 1,324 1,311 1,720 1,743 396 +9.2% 1,070 303 294 303 294 1,042 1,016 -4.9% 1,410 1,390 365 1,380 +2.8% 349 340 1,417 1,449 1,022 1,017 FY18 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1
Slide 17: Accounting for leases
Statement of income (impact of IFRS 16) Period ended 31 March 2019 New accounting standard for Leases (IFRS 16) Three months ended Reported IFRS 16 U/L U/L QR m 31 Mar 19 impact 31 Mar 19 YoY 1. Long term leased assets are recognised at discounted Revenue 535 535 3 Accounting for leases Interconnect
Slide 18: Rationale Customer definition
Customer definition change effective 1 January 2019 Prepaid Customer Definition Change Impact on Customers & ARPU 1,324 1,311 1,070 1,042 Customers 1,016 303 294 Prepaid Revised current definition: any Customer definition Prepaid customer with a recharge in last 30 days to 1,022 1,017 any chargeable
Slide 19: Thank You
Thank You The Future Is Exciting For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.com
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