Slide 1: Ooredoo Group 9M 2016 Results
Ooredoo Group 9M 2016 Results 31 October 2016
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 1. Results Review 2. Operations Review 3. Additional Information 9M 2016 | Ooredoo Group Results Call | 3
Slide 4: Key Highlights – 9M 2016
Results Operations Additional Overview Review Review Information Group Results Key Highlights – 9M 2016 Revenue growth in local currency terms across our main markets Revenue stood at QAR 24 billion: In local currency terms growth in Qatar, Oman, Kuwait, Algeria, Maldives, Indonesia and Myanmar. E
Slide 5: Revenue and EBITDA
Results Operations Additional Overview Review Review Information Group Results Revenue and EBITDA Revenue (QARm) EBITDA (QARm) & EBITDA Margin -3% -9% -2% +1% -3% 0% 11,225 25,477 24,839 10,234 10,012 10,156 24,196 24,266 44% 42% 41% 41% 9M'13 9M'14 9M'15 9M'16 9M'13 9M'14 9M'15 9M'16 Negative Reven
Slide 6: Net Profit and Net Debt
Results Operations Additional Overview Review Review Information Group Results Net Profit and Net Debt Net Profit Attributable to Ooredoo Shareholders Net Debt (QARm) & Net Debt/EBITDA ratio (QARm) Net Foreign Exchange 2,069 +6% 0% -15% -9% +2% 30,530 2,079 1,758 28,805 28,297 +4% 27,789 1,832 2,651
Slide 7: Free Cash Flow and Capital Expenditure
Results Operations Additional Overview Review Review Information Group Results Free Cash Flow and Capital Expenditure Free Cash Flow (QARm) CAPEX (QARm) & CAPEX/Revenue (%) +1% 6,165 6,209 -9% 5,647 +124% 4,780 -36% 3,642 +13% -16% 2,255 24% 25% 2,138 23% 1,893 15% 9M'13 9M'14 9M'15 9M'16 9M'13 9M'1
Slide 8: Total Customers
Results Operations Additional Overview Review Review Information Group Results Total Customers Total Customers (000) +16% +20% 132,987 114,880 +7% 96,005 89,559 9M'13 9M'14 9M'15 9M'16 Solid customer growth continued driven by Indonesia, Myanmar, Iraq, Tunisia, Algeria, Palestine, Maldives and Oman
Slide 9: Total Group Debt Breakdown
Results Operations Additional Overview Review Review Information Group Results Total Group Debt Breakdown Total Group Debt Breakdown Total Group Debt (QARm) (as of September 30, 2016) Short Term Long Term Others 10% 45,346 41,778 42,642 42,781 6,884 Indonesia 2,318 4,916 12% 8,122 33,771 40,463 38,4
Slide 10: Debt Profile – Ooredoo Q.S.C. level
Group Results Results Operations Additional Overview Review Review Information Debt Profile – Ooredoo Q.S.C. level 1,800 1600 Bonds Sukuk 1,600 Loans 1,400 1250 1,200 1000 1000 1000 1000 1,000 750 800 650 600 500 500 500 400 200 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2028 2043 Issu
Slide 11: 2016 9M Performance Summary
Results Operations Additional Overview Review Review Information Group Results 2016 9M Performance Summary % Change Group Guidance 2016 Full Year 9M 2016 9M 2016 / Items Guidance 9M 2015 Revenue (QAR bn) 24.3 0.3% -1% to +2% EBITDA (QAR bn) 10.2 1.4% -3% to 0% Capital Expenditure 3.6 -36% 6.5 bn to
Slide 12: Contents
Contents 1. Results Review 2. Operations Review 3. Additional Information 9M 2016 | Ooredoo Group Results Call | 12
Slide 13: Operations: Qatar
Results Operations Additional Overview Review Review Information Group Operations Qatar QARm Qatar Revenue +1% 5,897 5,982 Market leadership position maintained – Ooredoo’s mobile and fixed line networks ranked among the fastest globally Results approximately in line with previous year, slight g
Slide 14: Operations: Indonesia
Results Operations Additional Overview Review Review Information Group Operations Indonesia QARm Indonesia Revenue EBITDA & Margin +10% +10% 5,890 5,374 2,737 2,491 46% 46% Indosat Ooredoo booked double digit local currency YTD growth both in Revenue and EBITDA for four consecutive quarters Stro
Slide 15: Operations: Iraq
Results Operations Additional Overview Review Review Information Group Operations Iraq QARm Iraq Revenue -15% 3,712 3,161 Asiacell revenue market leadership maintained thanks to its strong 3G network and increased data usage. Revenue and EBITDA declined due to the security situation in 9M'15 9M'
Slide 16: Operations: Oman
Results Operations Additional Overview Review Review Information Group Operations Oman QARm Oman Revenue +8% 1,973 1,834 Ooredoo Oman demonstrating another quarter with growth across all levels: Revenue, EBITDA and Net Profit Growth driven by both mobile and fixed data revenues 9M'15 9M'16 Cus
Slide 17: Operations: Kuwait
Results Operations Additional Overview Review Review Information Group Operations Kuwait QARm Kuwait Revenue EBITDA & Margin +6% 1,795 1,686 +4% 434 418 Ooredoo Kuwait Revenue and EBITDA increased by 6% and 4% respectively despite the backdrop of fierce competition and 25% 24% challenging economic
Slide 18: Operations: Algeria
Results Operations Additional Overview Review Review Information Group Operations Algeria QARm Algeria Revenue EBITDA & Margin -9% 3,103 2,829 -11% 1,166 1,038 Revenue slightly up in Algerian Dinar terms 38% 37% Ooredoo Algeria maintains revenue market share growth despite challenging market con
Slide 19: Operations: Tunisia
Results Operations Additional Overview Review Review Information Group Operations Tunisia QARm Tunisia Revenue EBITDA & Margin -9% 1,414 1,290 -19% 626 504 Ooredoo Tunisia maintained its market leadership position 44% amid still subdued Tunisian economic environment and a new 39% Tunisian Dinar cu
Slide 20: Operations: Myanmar
Results Operations Additional Overview Review Review Information Group Operations Myanmar QARm Myanmar Revenue +41% 1,105 782 Ooredoo Myanmar maintained its growth performance and generated revenue of QAR 1,105 million in 9M 2016 Customer base reached 8.8 million at the end of the period 9M'15 9
Slide 21: Qatar Exchange 2016 IR Excellence Program for Qatar
Qatar Exchange 2016 IR Excellence Program for Qatar Please do vote for Ooredoo QSC, we do appreciate your support ! https://www.surveymonkey.com/r/IRExcellenceArabic https://www.surveymonkey.com/r/IRExcellenceEnglish Thank you 9M 2016 | Ooredoo Group Results Call | 21
Slide 22: Q&A
Q&A 9M 2016 | Ooredoo Group Results Call | 22
Slide 23: Contents
Contents 1. Results Review 2. Operations Review 3. Additional Information 9M 2016 | Ooredoo Group Results Call | 23
Slide 24: Group Revenue and EBITDA Breakdown
Results Operations Additional Overview Review Review Information Additional Information Group Revenue and EBITDA Breakdown Revenue (QARm) EBITDA (QARm) 25,477 24,839 24,196 11,225 24,266 10,234 10,012 10,156 9M'13 9M'14 9M'15 9M'16 9M'13 9M'14 9M'15 9M'16 Qatar 4,860 5,286 5,897 5,982 Qatar 2,368 2,
Slide 25: Group CAPEX and Customers Breakdown
Results Operations Additional Overview Review Review Information Additional Information Group CAPEX and Customers Breakdown CAPEX Breakdown (%) Customers Breakdown (%) Others Tunisia Others Qatar 2% Qatar 6% 1% 3% Myanmar Iraq 16% 17% 8% Myanmar 7% Tunisia 6% Iraq Algeria 9% 10% Kuwait 2% Algeria Om
Slide 26: Group Operations Breakdown: Blended ARPU
Results Strategy Operations Additional Overview Review Review Review Information Group Operations Breakdown Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) 127.6 38.4 36.6 51.2 51.9 52.5 34.5 124.3 126.7 35.4 47.9 49.8 50.3 32.7 118.5 114.3 119.8 32.9 31.4 32.2 64.9 66.
Slide 27: Statutory Corporate Tax Rates
Additional Information Overview Results Review Operations Review Additional Information Statutory Corporate Tax Rates Statutory Losses C/Fwd Notes Tax Rate Allowed Algeria 26% 4 years Indonesia 25% 5 years Iraq 15% 5 years GCC companies (including NMTC)are exempted and are subjected to 4.5% Zakat, K
Slide 28: Thank You
Thank You Website: ooredoo.com Follow us Email: IR@ooredoo.com Twitter: @OoredooIR