Grameenphone Ltd. · DSEBD:GP
Grameenphone — Q4 2023 Earnings Presentation
23 slides from Grameenphone's earnings presentation, Feb 6, 2024
Slide 1: Grameenphone's Q4 2023 Earnings
“ Grameenphone’s Q4 2023 Earnings 6 February 2024 grameenphone
Slide 2: Sensitivity: Internal
Sensitivity: Internal
Slide 3: Disclaimer
Disclaimer This presentation is intended only for and directed solely at individuals who are considered "relevant persons" under applicable law. Any individual who is not a relevant person should not rely on or act upon the information presented herein. The information contained in this presentation
Slide 4: Q4 2023
Q4 2023 Sensitivity: Internal
Slide 5: Sensitivity: Internal
• • • • • • Sensitivity: Internal
Slide 6: 17.5M MAU, 400K+ retail outlets, 24+ partners
17.5 M MAU 400K+ Retail Outlet 8 Products 24+ Partners Sensitivity: Internal
Slide 7: Sensitivity: Internal
• • • • • • • Sensitivity: Internal
Slide 8: Sustainability and awards recognition
ry Se fe SUSTAINAS ity “7 ast ‘Sustainabi ity M Topped Bloomberg's sustainability list Recognized for highest tax N Bangladesh C-Suite Awards to CEO, in Bangladesh J contribution by National Board of CMO and CBO Revenue and Large Tax Payers’ Unit ‘t Asia's Top Outstanding Woman Marketeer of the Year
Slide 9: Sensitivity: Internal
Sensitivity: Internal
Slide 10: Financial Highlights
Q4’23 Financial Highlights Improved topline growth, solid results & cash flow Sensitivity: Internal
Slide 11: Subscriber & Data User
Q4’23 Subscriber & Data User YoY 3.4Mn 4G data user addition with 2.8Mn growth in sub-base +3.6% +7.0% 46.1 47.5 46.6 43.6 43.5 • Sensitivity: Internal
Slide 12: ARPU, AMPU & Data Usage
Q4’23 ARPU, AMPU & Data Usage Continued data usage growth supported by enhanced network experience -6.2% +5.5% +12.5% 192 193 196 190 180 163 165 161 153 154 Sensitivity: Internal
Slide 13: Revenue
Q4’23 Revenue Improved topline growth throughout 2023 +7.3% +6.9% 40.0 41.1 40.3 37.9 38.9 38.1 37.5 37.3 35.7 35.4 Revenue (Bn) Revenue Growth YoY STR (Bn) STR Growth YoY Q3 2021 *Daily revenues generated by own subscription (excludes interconnection) Sensitivity: Internal
Slide 14: Data revenue
Q4’23 Data revenue Sustained double-digit growth in data revenue +20.0% 12.3 11.9 11.2 9.9 10.0 Sensitivity: Internal
Slide 15: Opex & EBITDA
Q4’23 Opex & EBITDA EBITDA growth amidst rising inflation & energy price hike +19.2% +0.7% 13.1 13.2 13.2 24.5 25.4 24.7 24.4 12.1 22.8 11.0 Sensitivity: Internal
Slide 16: Investment
Q4’23 Investment Investment continued in new 4G & coverage sites • • 99.6% 96.9% 97.9% Sensitivity: Internal
Slide 17: Net Profit
Q4’23 Net Profit Lower FX loss & legacy litigation verdict impact in Q4’22 +58.2% +58.2% 11.9 8.84 7.8 7.5 5.77 5.53 5.9 4.35 3.7 2.75 Sensitivity: Internal
Slide 18: OCF & Net debt
Q4’23 OCF & Net debt Strong cash flow and solid balance sheet 13.8 +2.0 0.14 22.7 21.5 19.5 17.3 15.9 1.8 0.02 0.6 0.01 55.1% (0.06) 53.4% 51.9% 42.5% 43.4% (5.8) (0.10) (9.6) Sensitivity: Internal
Slide 19: Contribution to National Exchequer
Contribution to National Exchequer 1,183 122 103 104 • 98 86 • Sensitivity: Internal
Slide 20: Final Dividend 2023
Final Dividend 2023 ieee CX) ame BDT 4.35 BDT 12.5 51.03% Earnings Per Share Dividend Per Share Payout Ratio 2023 (Q4) 2023 (Final) ~~ oe d date 29 February 2024 will be entitled a= SS
Slide 21: 2023 Financial Highlights
2023 Financial Highlights Solid growth outpacing macroeconomic challenges Sensitivity: Internal Sensitivity: Internal
Slide 22: Sensitivity: Internal
• • • • • Sensitivity: Internal
Slide 23: Q4 2023
Q4 2023 23 Sensitivity: Internal