Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Q1 FY13 Earnings Presentation
19 slides from Vodafone Qatar Qsc's earnings presentation, Jun 30, 2012
Slide 1: Vodafone Qatar Q.S.C Financial Results Press Presentation
Vodafone Qatar Q.S.C Financial Results Press Presentation For the quarter ended 30 June 2012 1
Slide 2: Disclaimer
2 Disclaimer • The following presentation is made only to, and is directed only at, persons to whom such a presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. • This presentation c
Slide 3: Agenda
3 Agenda • Key highlights • Q1 financial review • Commercial and strategic progress • Q&A 3
Slide 4: Key Highlights
Key For the 3 months ended 30 June 2012 Highlights 878,200 Mobile Customers QR 350m Total Revenue 16% growth 21% growth QR 51m QR (18)m EBITDA Distributable Profits 15% margin 18% improvement 4
Slide 5: Q1 FY13 Financial Review
Q1 FY13 Financial Review Steve Walters Follow this code to view our Investor Relations web page
Slide 6: Mobile Customer Growth
Mobile Customer Growth Year-on-Year Growth in Mobile Customers 26.8% 19.9% 878 761 534 Q1 Jun-10 Q1 Jun-11 Q1 Jun-12 Total Mobile Cus tomers Mobile Customer Market Share • 16% growth in Customer Numbers year-on-year, 117k customers gained • 6.0% growth in population* *Based on data from the Qatar St
Slide 7: Total Revenue
Total Revenue Year-on-Year Total Revenue Comparison 23.2% 350 291 15.2% 176 Q1 Jun-10 Q1 Jun-11 Q1 Jun-12 Quarterly Reven ue (QRm) Quarterly Mobile Revenue Mkt Share • 21% growth in Total Revenue year-on-year • Revenue growth driven by increased customer base and improved ARPUs • ARPU for the Quarte
Slide 8: EBITDA
EBITDA Year-on-Year EBITDA Comparison 51 31 (9) Q1 Jun-10 Q1 Jun-11 Q1 Jun-12 EBITDA Quarterly -9 31 51 EBITDA Margin % (5%) 11% 15% • EBITDA growth continues • 67% increase in EBITDA YoY, 23% growth quarter-on-quarter • EBITDA margin improved to 15% reflecting a more profitable sales mix and strong
Slide 9: Net Loss & Distributable Profits
Net Loss & Distributable Profits Year-on-Year Comparison Q1 Jun-10 Q1 Jun-11 Q1 Jun-12 (21) (18) (47) (122) (118) (148) Distributable Profits (Net Loss plus Amortisation) Amortisation (Annual Amortisation of the QR 7.7bn license fee is QR 404 million) • Lower Net Loss (3.3% YoY) and improvement in D
Slide 10: Capitalised Fixed Asset Additions
Capitalised Fixed Asset Additions 8 30 81 73 34 Q1 Jun-10 Q1 Jun-11 Q1 Jun-12 Fixed - 8 30 Capital MobileIntensity 41% 73 30% 81 18% 34 Total FA Additions 73 89 64 Fixed Line Capital Intensity 41% 30% 18% Mobile • Mobile capital investment predominantly on 3G with a further 10 sites rolled out durin
Slide 11: Net Debt
Net Debt Borrowings less Term Deposits Jun-09 Jun-10 Jun-11 Jun-12 269 (360) (633) (904) • We have borrowing facilities of US$ 330m (QR 1.2 billion) comprising: – US$110m (QR 400m): 1mth US Libor + 1.30% maturing 8 March 2019 – US$120m (QR 437m): 1mth US Libor + 1.55%; maturing 3 May 2014 – US$100m
Slide 12: Commercial and Strategic Progress
Commercial and Strategic Progress Richard Daly 12
Slide 13: Strategic priorities – Moving to the next phase
Strategic priorities – Moving to the next phase • In the last quarter a number of our priorities have been achieved or become Business as usual: – Mobile network coverage, quality and performance – Roaming footprint and quality – Post-paid services launched – I.T. stability • For the coming year our
Slide 14: Appendices
Appendices 14
Slide 15: Condensed Statement of Income – quarter ended 30 June 2012
Condensed Statement of Income – quarter ended 30 June 2012 Three month Threeended period period month Three month Threeended period month 30 June ended 2012 30period ended June 2011 30 June 2012 30 June 2011 (Unaudited) (Unaudited) (Unaudited) (Unaudited) QR ‘000 QR ‘000 QR ‘000 QR ‘000 Revenue 350,
Slide 16: Condensed Statement of Financial Position – as at 30 June 2012
Condensed Statement of Financial Position – as at 30 June 2012 30 June 31 March 30 June 31 March 2012 2012 2012 2012 (Unaudited) (Audited) (Unaudited) (Audited) QR ‘000 QR ‘000 QR ‘000 QR ‘000 Equity Non-current assets Share capital 8,454,000 8,454,000 Property, plant and equipment 1,364,973 1,363,9
Slide 17: Financial Summary
Financial Summary Financial Performance Qtr to Qtr to Qtr to Jun-10 Jun-11 Jun-12 QRm QRm QRm Total Revenue (Fixed & Mobile) 176 291 350 EBITDA (Fixed & Mobile) (9) 31 51 Net Loss (Fixed & Mobile) (148) (122) (118) Capitalised Fixed Asset Additions (Fixed & Mobile) 73 89 64 Free Cash Flow (Fixed & M
Slide 18: Vodafone Qatar Shareholder Structure
18 Vodafone Qatar Shareholder Structure Private institution of public Global Utility founded by Telecommunications HH Sheikh Hamad Bin Khalifa leader Al-Thani 49% 51% Vodafone and Qatar Foundation LLC 45% • Authorized Share Capital: 845,400,000 (Shares) Vodafone Qatar QSC • Paid Up Capital: QAR 8,45
Slide 19: Contact Details
19 Contact Details Jay Odedra Steve Walters Investor Relations Manager Chief Financial Officer M +974 7777 5102 M +974 7777 5464 E jay.odedra@vodafone.com E steve.walters01@vodafone.com Khalid Barzak Address: Vodafone Qatar PO BOX 27727 Investor Relations Manager Doha, Qatar M +974 7777 5413 E khali