Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — FY2016 Earnings Presentation
10 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, Feb 16, 2017
Slide 1: 2016 Results
2016 Results Emirates Integrated Telecommunications Company PJSC 16 February 2017
Slide 2: Full Year Financial Highlights
Full Year Financial Highlights Total Revenue EBITDA Net Profit before Free Cash Flow Mobile subscribers (AED M) (AED M) Royalty (AED M) before Royalty (000s) (AED M) +3.2% -1.0% +0.1% -5.6% +12.0% 8,646 12,727 5,419 5,364 3,862 3,864 3,833 3,620 12,337 7,723 FY 2015 FY 2016 FY 2015 FY 2016 FY 2015 F
Slide 3: Market overview
Market overview Market share consolidation – sustain competitiveness in the market UAE Mobile Subscribers - Market share quarterly evolution UAE Telecom Market – Revenue share quarterly evolution 60.0% 80.0% 70.0% 69.6% 55.0% 60.0% 53.1% 50.0% 50.0% 40.0% 46.9% * 45.0% 30.0% 30.4% 20.0% 40.0% Etisal
Slide 4: Progressive Dividend Payment
Progressive Dividend Payment Proposed dividend payment AED per share 2015 2016 Interim Dividend 0.13 0.13 Final Dividend 0.20 0.21 Total Dividend 0.33 0.34 Total Amount (AED) 1.51 billion 1.55 billion Sustained focus on creating shareholder value • Proposed dividend of AED 914 million Note: A specia
Slide 5: Revenue
Revenue Total Revenue (AED M) Mobile Revenue (AED M) +3.2% +0.3% 12,727 12,337 8,940 8,968 FY 2015 FY 2016 FY 2015 FY 2016 Fixed Revenue (AED M) Mobile Data Revenue (AED M) +4.4% +0.8% 2,555 2,668 2,961 2,985 32.2% 33.2% FY 2015 FY 2016 FY 2015 FY 2016 Mobile Data (AED M) Mobile Data as % of Mobile
Slide 6: Revenue Drivers
Revenue Drivers Declining ARPU in line with industry trend Mobile Subscribers Active 90 Days (‘000) Fixed Lines (‘000) +12.0% +3.8% 8,646 698 7,723 672 FY 2015 FY 2016 FY 2015 FY 2016 Mobile ARPU (AED) -12.5% 94 82 FY 2015 FY 2016 6
Slide 7: Net Profit
Net Profit Increasing royalty – Effective royalty up to 54.6% in 2016 from 49.7% in 2015 Net Profit before Royalty (AED M) Royalty Rates Compared +0.1% 3,862 3,864 31.3% 30.4% FY 2015 FY 2016 Net Profit before Royalty (AED M) Net Profit before Royalty % Royalty (AED M) Net Profit after Royalty (AED
Slide 8: Capital Investments
Capital Investments Full Year Capex Additions (AED M) +4.3% 1,776 1,703 13.8% 14.0% FY 2015 FY 2016 CapEx Additions (AED M) CapEx Additions as % of Revenue Capex deployed 4.3% higher than 2015 • Capex prioritised in areas of fundamental growth including IT, mobile rollout and digitisation of service
Slide 9: Free cash flow
Free cash flow Free Cash Flow before Royalty (AED M) Free Cash Flow after Royalty (AED M) -5.6% 3,833 3,620 -26.2% 2,267 1,672 FY 2015 FY 2016 FY 2015 FY 2016 • Increased share of postpaid revenue which has an impact on the working capital • Process improvements resulted in quicker payments which im
Slide 10: Disclaimer
Disclaimer • Emirates Integrated Telecommunications Company PJSC (hereafter ”du”) is a telecommunication services provider in the UAE. • du cautions investors that certain statements contained within this document state management’s intentions, hopes, beliefs, expectations or predictions of the futu
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