Slide 1: Ooredoo Group 9M 2013 Results
Ooredoo Group 9M 2013 Results
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 3 | 9M 2013 | Ooredoo Group Results Call
Slide 4: Key 2013 9M Highlights
Group Results Overview Results Review Strategy Review Operations Review Additional Information Key 2013 9M Highlights Group revenue growth of 2.6% • Strong performances in Qatar, Algeria and Iraq were partially offset by competitive dynamics and challenging economic environment in Kuwait and Tunisia
Slide 5: Revenue and EBITDA
Group Results1 Overview Results Review Strategy Review Operations Review Additional Information Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin +7% +3% -3% +6% +15% 11,665 11,293 +16% 25,652 10,933 25,006 9,543 23,573 20,217 47% 46% 47% 44% 9M'10 9M'11 9M'12 9M'13 9M'10 9M'11 9M'12
Slide 6: Net Profit and Net Debt
Group Results Overview Results Review Strategy Review Operations Review Additional Information Net Profit and Net Debt1 Net Profit Attributable to Ooredoo Shareholders (QARm) Net Debt1 (QARm) and Net Debt/EBITDA ratio -4% Net Foreign Exchange +43% 0% 2,069 -12% +15% 28,805 2,435 2,156 26,290 2,149 2
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 Flow1 (QARm) Capex (QARm) and Capex/Revenue (%) 21% +46% 6,164 4,951 +22% +12% -9% 4,077 4,668 4,185 4,229 3,346 -53% 2,320 24% 21% 20% 17% 9M'10 9M'11 9M'1
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 September 30, 2013) Short-term Others Long-term 9% 46,200 41,778 Indonesia 37,395 14,747 17% 8,122 2,265 33,771 6,885 1
Slide 9: Debt Profile – Ooredoo Q.S.C. Only (US$ millions)
Group Results Overview Results Review Strategy Review Operations Review Additional Information Debt Profile – Ooredoo Q.S.C. Only (US$ millions) 1,600 1,400 1,200 1,000 1,000 1,000 1,000 750 750 800 600 500 500 400 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2028 2043 Loan Type Iss
Slide 10: Total and Proportional Customers
Group Results Overview Results Review Strategy Review Operations Review Additional Information Total and Proportional Customers Total Customers Proportional Customers +8% +15% +1% +19% 89,588 61,706 89,172 +13% 82,421 +23% 53,552 69,056 47,494 38,609 1 9M'10 9M'11 9M'12 9M'13 9M'10 9M'11 9M'12 9M'13
Slide 11: 2013 9M Performance Summary
Group Results Overview Results Review Strategy Review Operations Review Additional Information 2013 9M Performance Summary 9 months ended 9M 2013 / 2013 Annual QAR Millions September 2013 9M 2012 Guidance Consolidated revenue 25,652 +3% +2 - 6% EBITDA 11,293 -3% +1 - 5% Net profit attributable to Oo
Slide 12: Contents
Contents Results review Strategy review Operations review 12 | 9M 2013 | Ooredoo Group Results Call
Slide 13: Executing on our strategic opportunities
Group Strategy Overview Results Review Strategy Review Operations Review Additional Information Executing on our strategic opportunities Ooredoo Myanmar Post-period appointment of Ross Cormack as CEO (former CEO of Nawras in Oman) in October 2013 License terms not yet finalized, positive discuss
Slide 14: Contents
Contents Results review Strategy review Operations review 14 | 9M 2013 | Ooredoo Group Results Call
Slide 15: Qatar
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Qatar QARm Revenue +5% Record revenue quarter 4,860 EBITDA impacted by brand roll out and sponsoring 4,645 4G services now fully launched Further expansion of Ooredoo fiber to the Home program 9
Slide 16: Iraq
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Iraq QARm Revenue Revenue growth continues and Asiacell remains +5% 5,310 market leader in terms of revenue 5,041 Elevated competition level among all three players increasing leading to higher chur
Slide 17: Indonesia
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Indonesia QARm Revenue EBITDA & Margin YoY local currency revenue increase driven by +0% 6,445 6,459 -5% Cellular data revenue and Fixed Data business 3,217 3,059 EBITDA impacted by competitive pres
Slide 18: Oman
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Oman QARm Revenue Revenue increase is driven by data and fixed +5% revenues, offset partially by SMS 1,470 11% growth in total number of customers 1,401 Fixed business continues to grow rapidly
Slide 19: Kuwait
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Kuwait QARm Revenue EBITDA & Margin Mobile Number Portability implemented before the -15% 2,250 network has been fully modernized, performance 1,916 negatively impacted 848 -38% Aggressive pre and p
Slide 20: Algeria
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Algeria QARm Revenue EBITDA & Margin +13% Revenue increase in line with market growth 2,879 Received provisional 3G license, preparation 2,549 +19% continues for launch in December 2013 1,200 1,013
Slide 21: Tunisia
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Tunisia QARm Revenue EBITDA & Margin Continuing political and economic instability -6% 1,161 -14% impacting overall market growth 2,003 999 1,890 Good results in August as post-Eid activities helped
Slide 22: Contents
Contents Results review Strategy review Operations review Additional information 22 | 9M 2013 | Ooredoo Group Results Call
Slide 23: Key Operations Importance to Group
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Key Operations Importance to Group Revenue (QARm) EBITDA (QARm) 25,651 25,006 23,573 11,665 11,293 10,933 20,218 9,544 9M'10 9M'11 9M'12 9M'13 9M'10 9M'11 9M'12 9M'13 Qatar 4,197 4,244 4,645 4,860
Slide 24: Key Operations Importance to Group
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Key Operations Importance to Group Capex Total Customers Others, 1.5% Others, 1.6% Tunisia, 5.1% Qatar, 6.8% Tunisia, 8.2% Qatar, 3.1% Iraq, 11.8% Algeria, 10.3% Iraq, 13.3% Algeria, 10.4% Kuwait,
Slide 25: Blended ARPU Development (QAR)
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Blended ARPU Development (QAR) Qatar Iraq Oman Maldives KSA Palestine 73.2 46.6 45.5 45.7 154.3 153.2 148.7 61.6 68.2 70.8 44.0 123.9 39.3 59.2 58.8 56.7 65.7 65.1 42.4 36.6 37.4 56.4 56.2 64.1 40
Slide 26: Ooredoo Qatar
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Qatar Key Developments Operator Importance to Group Record revenue quarter Customers: 3.1%; Revenue: 18.9%; EBITDA: 21%; Capex: 6.8% EBITDA impacted by brand roll out and sponsoring 4G servi
Slide 27: Asiacell Iraq
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Iraq Key Developments Operator Importance to Group Revenue growth continues and Asiacell remains market Customers: 11.8%; Revenue: 20.7%; EBITDA: 24.8%; Capex: 13.3% leader in terms of revenue P
Slide 28: Indonesia
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Indonesia Key Developments Operator Importance to Group YoY local currency revenue increase driven by Cellular Customers: 60.2%; Revenue: 25.2%; EBITDA: 27.1%; Capex: 38% data revenue and Fixed
Slide 29: Nawras Oman
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Oman Key Developments Operator Importance to Group Revenue increase is driven by data and fixed revenues, Customers: 2.6%; Revenue: 5.7%; EBITDA: 6.0%; Capex: 7.6% offset partially by SMS 11%
Slide 30: Wataniya Kuwait
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Kuwait Key Developments Operator Importance to Group Mobile Number Portability implemented before the Customers: 2.1%; Revenue: 7.5%; EBITDA: 4.7%; Capex: 17.4% network has been fully modernized
Slide 31: Algeria Nedjma
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Algeria Key Developments Operator Importance to Group Revenue increase in line with market growth Customers: 10.4%; Revenue: 11.2%; EBITDA: 10.6%; Capex: 10.3% Received provisional 3G license,
Slide 32: Tunisiana
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Tunisia Key Developments Operator Importance to Group Continuing political and economic instability impacting Customers: 8.2%; Revenue: 7.4%; EBITDA: 8.8%; Capex: 5.1% overall market growth Go
Slide 33: Palestine Wataniya
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Palestine Key Developments Operator Importance to Group Overall economy slowing Customers: 0.7%; Revenue: 0.9%; EBITDA: 0.2%; Capex: 0.3% Stable performance ARPU and revenue decline market-r
Slide 34: Maldives Wataniya
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Maldives Key Developments Operator Importance to Group Q3 weaker quarter due to off season for roaming business. Customers: 0.3%; Revenue: 0.5%; EBITDA: 0.3%; Capex: 0.4% Sub & revenue growth
Slide 35: Bravo KSA
Additional Information Overview Results Review Strategy Review Operations Review Additional Information KSA Key Developments Operator Importance to Group Waiver of charges related to Build Operate Transfer (BOT) Customers: 0.2%; Revenue: 0.7%; EBITDA: 0.6%; Capex: N/A positively impacting the resu
Slide 36: wi-tribe Pakistan and Philippines
Additional Information Overview Results Review Strategy Review Operations Review Additional Information wi-tribe Pakistan Key Developments Operator Importance to Group Fixed wireless customer base at the end of 9M 2013 at Customers: 0.2%; Revenue: N/A; EBITDA: N/A; Capex: N/A 201K compared to 193K
Slide 37: 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 25% 4 years Indonesia 25% 5 years Iraq 15% 5 years GCC companies (including NMTC)are exempted and are subjected
Slide 38: Key Operating Country Statistics
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Key Operating Country Statistics Algeria Indonesia Iraq Kuwait Maldives Oman Qatar KSA Tunisia 2013 (est.) GDP real growth % 3.4 6.3 14.7 1.9 2.5 3.9 4.9 4.2 3.3 (2012) (2.6) (6.0) (10.2) (6.3) (1
Slide 39: Thank you
Thank you Follow us Website: ooredoo.com Email: IR@ooredoo.com Twitter: @OoredooIR Upcoming events 2013 FY Results – March 2014 TBD