Mtn Nigeria Communications Plc · NSENG:MTNN
Mtn Nigeria Communications — H1 2026 Earnings Presentation
18 slides from Mtn Nigeria Communications's earnings presentation, Jun 30, 2026
Slide 1: MTN Nigeria results presentation for the half year ended 30 June 2026
MTN Nigeria results presentation for the half year ended 30 June 2026
Slide 2: Disclaimer
Disclaimer The information contained in this document (presentation) has not been verified independently. No representation or warranty, ex press or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or op ini ons conta
Slide 3: Agenda
Agenda 01 Business Overview 02 Financial Review 03 Looking Ahead 04 Q&A 3
Slide 4: Business Overview
Business Overview Karl Toriola CEO
Slide 5: Key Messages
Key Messages 1 A more stable operating environment, supporting stronger execution and sustainable growth 2 Data remains the core growth engine, supported by rising usage intensity and smartphone adoption 3 Strong operating leverage, driving margin expansion, cash generation and shareholder returns 4
Slide 6: Operating Context
Operating Context Improving macro economic fundamentals provide a supportive backdrop for growth Exchange rate (N) and FX Reserves Inflation & Interest Rates Economic Growth 2 (US$’bn ) 27.5% 26.5% 9.2% 9.2% 7.7% 8.1% 51.5 1,530 49.2 45.5 1,475 4.2% 4.1% 4.0% 3.9% 42.4 1,436 37.2 1,387 1,380 15.1% 1
Slide 7: Key Financial Highlights
Key Financial Highlights Sustained growth momentum translates into strong financial performance Growth Earnings Capex & Cash Flow Service +39.2% Capex +1.2% Revenue +25.9% EBITDA (ex - leases) N620.5bn N1.7tn Data EBITDA +5.3pp Capex - 5.1pp Revenue +38.4% Margin 55.9% intensity 20.7% Voice +75.4% +
Slide 8: Connectivity | Solid Commercial Momentum
Connectivity | Solid Commercial Momentum Growing digital adoption continues to drive data demand +9.3% +15.2% Smartphone +3.8pp Active Usage/ data Users 55.7m Active User 14.8GB Penetration 66.4% +8.9% - 11.3% Blended +17.9% Subscribers 1 MOU/subscriber ARPU 92.2m 133.3 N5,101 Key Highlight Data dem
Slide 9: Data Growth remains a Structural Growth Engine
Data Growth remains a Structural Growth Engine Growth Drivers Rising Digital Consumption Smartphone adoption Higher usage intensity Streaming, social media, gaming and Broader device penetration expands the Increasing GB per active user supports digital services continue to lift demand active data b
Slide 10: Capturing the Home Broadband Opportunity
Capturing the Home Broadband Opportunity Expanding home connectivity demand creates a significant growth runway Market Opportunity Execution model Key growth levers FTTH targets high - value locations Scale serviceable household footprint Underpenetrated fixed broadband 5G FWA expands serviceability
Slide 11: Fintech Progress
Fintech Progress Underlying fintech momentum remained strong Core fintech Revenue 1 Active MoMo wallets Customer deposits +132.0% N8.7bn +88.8% 5.0m +42.6% N14.0bn Key Priorities Enhance platform Advance licensing and Scale wallet Expand distribution Deepen ecosystem reliability and structural separ
Slide 12: Financial Review
Financial Review Modupe Kadri CFO
Slide 13: Revenue, Expense Profile & Cash Flow Generation
Revenue, Expense Profile & Ca sh F low Generation Strong operating leverage drives margin expansion and cash generation Revenue ( N’bn ) Expenses ( N’bn ) EBITDA and capex (ex - leases) + 25.9% +12.1% 50.6% 55.9% EBITDA margin 25.8% 20.7 % Capex intensity 2,99 3.1 +39.2% 1,673.5 2,377.8 1,202.2 EBIT
Slide 14: Capital Structure
Capital Structure Stronger balance sheet and funding profile enhance financial flexibility Net Debt ( N’bn ) Tenor mix Financial strength recognised 719.5 18% Agusto: GCR: 20% 32% Aaa AAA 82% 80% Stable outlook 68% - 107.5 - 116.3 Dec-24 Dec-25 H1 26 Dec - 24 Dec - 25 H1 26 Long Term Short Term - 0.
Slide 15: Looking Ahead
Looking Ahead Karl Toriola CEO
Slide 16: Our Ambition 2030 priorities
Our Ambition 2030 priorities Executing against multiple growth platforms to drive long - term value creation Digital Connectivity Fintech Infrastructure 1 2 3 4 5 6 Deliver strong Accelerate Re - position Accelerate new Drive fintech Capture growth in owning enterprise business and growth strategy d
Slide 17: Medium Term guidance
Medium Term guidance Strong demand and disciplined execution support guidance Medium - term H1 2026 KPI guidance (FY 26 - 28) Performance Service revenue At least low 20% 25.9% growth EBITDA margin Mid - high 50% 55.9 % Capex intensity Stable 20.7% Our medium - term guidance is based on current macr
Slide 18: Thank you
Thank you
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