Ooredoo Q.p.s.c · QSE:ORDS
Ooredoo Q.p.s.c — Ooredoo — H1 2015 Earnings Presentation
31 slides from Ooredoo Q.p.s.c's earnings presentation, Jul 30, 2015
Slide 1: Ooredoo Group 1H 2015 Results
Ooredoo Group 1H 2015 Results 30 July 2015
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 | 1H 2015 | Ooredoo Group Results Call
Slide 4: Key 2015 1H Highlights
Group Results Overview Results Review Strategy Review Operations Review Additional Information Key 2015 1H Highlights Strong revenue growth in local currency terms across our main markets; • Group generated revenue of QAR 16 billion in 1H 2015 driven by local currency growth in Qatar, Oman, Indonesi
Slide 5: Revenue and EBITDA
Group Results Overview Results Review Strategy Review Operations Review Additional Information Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin +4% -3% -3% 17,026 -2% 16,377 16,504 16,042 7,798 7,612 -10% -6% 6,870 6,456 48% 45% 42% 40% 1H'12 1H'13 1H'14 1H'15 1H'12 1H'13 1H'14 1H'1
Slide 6: Net Profit and Net Debt
Group Results Overview Results Review Strategy Review Operations Review Additional Information Net Profit and Net Debt Net Profit Attributable to Ooredoo Shareholders (QARm) Net Debt (QARm) and Net Debt/EBITDA Net Foreign Exchange +4% +32% -6% 31,443 30,248 29,672 +28% -2% 1,731 1,704 22,911 -41% 1,
Slide 7: Free Cash Flow and Capital Expenditure
Group Results Overview Results Review Strategy Review Operations Review Additional Information Free Cash Flow and Capital Expenditure Free Cash Flow (QARm) CAPEX (QARm) and CAPEX/Revenue (%) +6% -3% +24% 3,952 3,847 3,739 3,019 2,910 -18% 2,377 -22% 1,859 -39% 24% 24% 22% 1,138 18% 1H'12 1H'13 1H'14
Slide 8: Total Group Debt Breakdown
Group Results Overview Results Review Strategy Review Operations Review Additional Information Total Group Debt Breakdown Total Group Debt (QARm) Total Group Debt Breakdown (as of June 30, 2015) Short-term Long-term 46,843 Others 43,989 7% 42,029 42,193 4,204 4,756 Indonesia 18,960 8,133 18% 38,989
Slide 9: Debt Profile – Ooredoo Q.S.C. Only
Group Results Overview Results Review Strategy Review Operations Review Additional Information Debt Profile – Ooredoo Q.S.C. Only 1,800 1600 Bonds Sukuk Loans 1,600 1,400 1250 1,200 1000 1000 1000 1000 1,000 750 800 600 500 500 500 400 200 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 202
Slide 10: Total Customers
Group Results Overview Results Review Strategy Review Operations Review Additional Information Total Customers Total Customers (000) +21% 114,216 +2% +10% 92,339 94,331 83,697 1H'12 1H'13 1H'14 1H'15 Solid customer growth year on year, mainly from Indonesia, Algeria and Myanmar Gained almost 20 mill
Slide 11: 2015 1H Performance Summary
Group Results Overview Results Review Strategy Review Operations Review Additional Information 2015 1H Performance Summary % Change 2015 Annual 1H 2015 1H 2015 / 1H 2014 Guidance Consolidated Revenue (QAR bn) 16 -3% 0% to -3% EBITDA (QAR bn) 6.5 -6% -1% to -4% Capital Expenditure (QAR bn) 3.8 -2.6%
Slide 12: Contents
Contents Results Review Strategy Review Operations Review Additional Information 12 | 1H 2015 | Ooredoo Group Results Call
Slide 13: Our portfolio focus remains unchanged
Strategy Review Overview Results Review Strategy Review Operations Review Additional Information Our portfolio focus remains unchanged 3 Business Lines 3 Geographies Middle East North Africa Consumer Mobile Consumer Broadband South-East Asia Enterprise 13 | 1H 2015 | Ooredoo Group Results Call
Slide 14: 3 strategic priorities – no fundamental change
Strategy Review Overview Results Review Strategy Review Operations Review Additional Information 3 strategic priorities – no fundamental change • Bundling, churn reduction, upselling/cross-selling • Cost benefits: common infrastructure, leveraged brand and marketing Convergence • Stronger B2B offeri
Slide 15: Contents
Contents Results Review Strategy Review Operations Review Additional Information 15 | 1H 2015 | Ooredoo Group Results Call
Slide 16: Qatar
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Qatar QARm Revenue +14% • Strong growth in revenue and EBITDA continued 4,003 driven by increasing demand for mobile data 3,502 • Good customer growth trend in all segments continued; customers up by 14
Slide 17: Indonesia
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Indonesia QARm Revenue EBITDA & Margin • Healthy revenue growth of 9% in local currency in -2% 1H 2015 driven by higher customer base and 3,609 3,543 -4% strong performance in data compared to 1H 2014 1
Slide 18: Iraq
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Iraq QARm Revenue • Revenue and EBITDA declined due to the security situation in parts of Iraq and intense competition 3,220 -24% 2,457 • Day to day operations continue on a normal level amidst service
Slide 19: Oman
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Oman QARm Revenue • Ooredoo Oman revenue increased by 12% YoY to +12% QAR 1.2 billion driven by growth in both mobile 1,194 1,066 and fixed data revenues • EBITDA grew by 18% with EBITDA margin reaching
Slide 20: Kuwait
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Kuwait QARm Revenue EBITDA & Margin • Ooredoo Kuwait’s turnaround strategy generated customer, revenue and EBITDA growth in the +2% period 1,092 1,111 +6% • Local currency revenue and EBITDA increased b
Slide 21: Algeria
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Algeria QARm • Ooredoo Algeria is the fastest growing operator in the Revenue EBITDA & Margin period by delivering 6% revenue growth in local currency -13% 946 -22% 2,359 2,055 • EBITDA margin stabilize
Slide 22: Tunisia
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Tunisia QARm Revenue EBITDA & Margin • Ooredoo Tunisia maintained its market leadership position with a total customer base of 7.3 million 1,198 -23% • Recent terrorist attacks impacting economic 920 -2
Slide 23: Myanmar
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Myanmar QARm • Ooredoo Myanmar continued its growth Revenue performance and generated revenue of QAR 510 510 million in 1H 2015 • First ever positive EBITDA performance in Q2 2015, less than one year af
Slide 24: Q&A
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Slide 25: Contents
Contents Results Review Strategy Review Operations Review Additional Information 25 | 1H 2015 | Ooredoo Group Results Call
Slide 26: Breakdown Revenue & EBITDA
Group Operations Breakdown Overview Results Review Strategy Review Operations Review Additional Information Revenue & EBITDA Revenue (QARm) EBITDA (QARm) 17,026 7,798 7,612 16,377 16,504 16,042 6,870 6,456 1H'12 1H'13 1H'14 1H'15 1H'12 1H'13 1H'14 1H'15 Qatar 3,068 3,215 3,502 4,003 Qatar 1,645 1,60
Slide 27: Breakdown CAPEX & Customers
Group Operations Breakdown Overview Results Review Strategy Review Operations Review Additional Information CAPEX & Customers CAPEX Breakdown Customers Breakdown Tunisia Others Others 3.9% Qatar Tunisia Qatar 1.7% 1.1% Mynamar 7.7% Myanmar 6.4% 3.0% Iraq 11.7% 3.7% 9.6% Algeria Iraq 11.6% 22.1% Kuwa
Slide 28: Breakdown Blended ARPU
Group Operations Breakdown Overview Results Review Strategy Review Operations Review Additional Information Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) 32.5 32.6 32.3 32.7 129.2 134.0 129.9 128.1 127.3 127.6 50.1 66.3 66.8 31.7 30.5 47.6 64.8 65.6 63.9 64.9 47.9 46.
Slide 29: Statutory Corporate Tax Rates
Additional Information Overview Results Review Strategy Review Operations Review Additional 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 30: Key Operating Country Statistics
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Key Operating Country Statistics 2014 (est.) Algeria Indonesia Iraq Kuwait Maldives Oman Qatar KSA Tunisia GDP real growth % 3.8 5.2 -2.7 1.4 4.5 3.4 6.5 4.6 2.8 (2013) (2.8) (5.8) (4.2) (-0.4) (3
Slide 31: Website: ooredoo.com
Website: ooredoo.com Follow us Email: IR@ooredoo.com Twitter: @OoredooIR