Emirates Telecom. Group Company (etisalat Group) Pjsc · ADX:EAND
Emirates Telecom. Group Company (etisalat Group) Pjsc — Emirates Telecommunications Group Company PJSC (e&) — Q4 2022 Earnings Presentation
19 slides from Emirates Telecom. Group Company (etisalat Group) Pjsc's earnings presentation, Mar 7, 2023
Slide 1: Q4 2022 Results Presentation
Q4 2022 Results Presentation 07 March 2023
Slide 2: Disclaimer
Disclaimer Emirates Telecommunications Group Company PJSC (“e&” or the “Company”) and its subsidiaries have prepared this presentation (“Presentation”) in good faith, however, no warranty or representation, express or implied is made as to the adequacy, correctness, completeness or accuracy of any n
Slide 3: FY 2022 Financial Highlights
FY 2022 Financial Highlights Constant Currency FY’22 FY’21 Y/Y% Y/Y% Strong revenue growth in constant currency driven by strong Revenue (AED m) 52,434 53,342 -1.7% +4.7% performance in key markets Strong growth in constant currency despite inflationary pressure EBITDA (AED m) 26,202 26,721 -1.9% +3
Slide 4: Q4 2022 Key Developments
Q4 2022 Key Developments Group etisalat by e& e& international • e& was named the most valuable • Strong revenue and EBITDA growth • Delivered strong growth in portfolio of telecom brands in the supported by ongoing improvement in constant currency across key MEA region by the Brand Finance business
Slide 5: 2022 Guidance
2022 Guidance Key Metrics FY 2022 Guidance Status Reported Figures Achieved all guided figures reflecting profound resilience in times of turbulent macro- economic headwinds Low-to-mid single-digit Revenue Y-o-Y Growth in +4.7% Constant Currency (%) growth EBITDA Margin (%) 50%-51% 50.0% EPS (AED) ~
Slide 6: Group Revenue
Group Revenue Revenue (AED m) & YoY Growth (%) Sources of Revenue Variance (AED m) Strong revenue growth at constant currency +5.8% 972 +4.7% 13,613 12,973 13,135 53,342 52,434 53,342 • Strong performance in UAE attributed to 269 52,434 4% 3% -1,633 -127 population growth and -389 strong business ac
Slide 7: Group EBITDA
Group EBITDA EBITDA (AED m) & Margin (%) Sources of EBITDA Variance (AED m) Robust EBITDA margin despite inflationary pressure +3.7% 719 -0.4% 6,573 6,714 26,721 26,202 • EBITDA in constant 6,042 26,721 52% 97 currency increased yoy by -913 -192 26,202 3.7% 48% 50% 50% -230 46% • Steady margin at 50
Slide 8: Group CAPEX
Group CAPEX CAPEX (AED m) & Intensity Ratio (%) Sources of CAPEX Variance (AED m) Invest in building premium networks 438 11 8,362 2,937 2,950 8,362 44 • Lower CAPEX spend (-4%) 8,037 with relatively stable 16% 15% 167 8,037 capex intensity ratio 22% 1,613 22% -986 • Capital spend in the UAE 12% foc
Slide 9: Sound Financial Position
Sound Financial Position Cash & Cash Equivalents (AED m) Total Debt (AED m) The Group maintained a position of balance sheet 47,954 strength, despite robust 31,345 32,839 expansionary measures 28,575 26,701 25,732 • Increase in cash balance supported by growth in operating cash flow and efficient wo
Slide 10: Group Debt Profile
Group Debt Profile Borrowings by Operations (AED m) Borrowings by Currency (%) Diversified debt profile 37,309 • Total debt of AED 48.0 Euro 18% AED 16% billion PKR 7% • 78% of debt is at Group Others level mostly in bank 7% MAD borrowings 5,893 6% 3,467 USD 1,284 46% • 61% of debt is in USD/AED Gro
Slide 11: Dividends
Dividends Cash Dividends (AED m) Dividends per Share (AED) Balanced shareholders remuneration with consistent 6,954 6,954 6,954 0.80 0.80 0.80 history of dividend payment 3,477 3,477 3,477 • Proposed final dividends of 40 fils per share bringing the full year 3,477 3,477 3,477 dividends to 80 fils p
Slide 12: Country Performance
Financial Highlights Country Performance
Slide 13: etisalat by e& UAE
etisalat by e& UAE Revenue (AED m) & YoY Growth (%) EBITDA (AED m) & EBITDA Margin (%) Strong business & tourism momentum supporting growth 30,185 31,157 7,968 4,104 3,968 15,471 16,190 7,807 7,683 3,826 • Revenue growth 50% 51% 52% supported by subscriber 49% 53% growth, strong recovery in 5% 3% mo
Slide 14: Key KPIs: Strong revenue and subscriber gain
Key KPIs Strong revenue and subscriber gain Mobile Revenue(1) (AED m) & YoY Growth (%) Fixed Revenue(2) (AED m) & YoY Growth (%) Other Revenue(3) (AED m) & YoY Growth (%) 2,865 2,885 11,406 2,913 11,270 2,202 2,169 8,481 2,794 10,764 2,811 2,791 11,151 2,027 8,269 12% 6% 6% 6% 4% 3% 4% 1% 0% 1% 5% 0
Slide 15: Maroc Telecom Group
Maroc Telecom Group Subscribers (m) Revenue (AED m) & YoY Growth (%) Maintained exceptional EBITDA margin despite -0.9% -0.2% 74 76 75 13,922 pressure in domestic 3,440 3,077 12,289 market 2,886 3% • Subscriber growth YoY is driven by international -2% -12% operations -16% -13% • Stable revenue grow
Slide 16: etisalat by e& Egypt
etisalat by e& Egypt Subscribers (m) Revenue (AED m) & YoY Growth (%) Strong growth momentum +19% 30 30 +21% 1,367 5,027 28 1,279 4,900 • Subscriber growth YoY 1,098 22% backed by spectrum 21% acquisition • High double-digit -2% revenue growth in local -3% -20% currency attributed to data, voice and
Slide 17: PTCL Group
PTCL Group Subscribers (m) Revenue (AED m) & YoY Growth (%) Improved performance in local currency despite +17% +10% 25 26 26 3,116 challenging 747 macroeconomic 671 2,727 632 conditions -10% 6% -3% Subscriber growth in high value segments -18% -12% Strong revenue growth in Q4’21 Q3’22 Q4’22 Q4’21 Q
Slide 18: FY 2023 Guidance: Positive Outlook for 2023
FY 2023 Guidance Positive Outlook for 2023 FY 2022 Actual FY 2023 Guidance Revenue Growth Y-o-Y Low to mid single digit In Constant Currency +4.7% (%) growth EBITDA Margin (%) 50.0% ~ 49.0% EPS (AED) 1.15 1.13 – 1.15 Intensity Ratio (%) 15.3% 15% - 17% Dividend (AED) 0.80 0.80 18
Slide 19: we are
we are
Emirates Telecommunications Group Company PJSC (e&) — Q4 2022 Earnings Presentation on 6ix