Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — Q1 2020 Earnings Presentation
13 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, 2020
Slide 1: Q1 2020 Financial Results
Q1 2020 Financial Results Emirates Integrated Telecommunications Company PJSC Emirates Integrated Telecommunications Company PJSC 1
Slide 2: Disclaimer
Disclaimer This document has been prepared by Emirates Integrated Telecommunications Company PJSC (the “Company”) solely for presentation purposes. The information contained in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, a
Slide 3: Q1 2020: Updates
Q1 2020: Updates During the quarter, EITC executed some of the business initiatives but also faced major challenges as a result of the COVID-19: • Activated crisis and “business continuity” processes – and they worked • Implemented various initiatives to ensure the safety and health of all employees
Slide 4: Key Highlights: Subscriber base
Key Highlights: Subscriber base In ‘000 Mobile Subscriber base(1) -1,160 -1,160 (-13.5%) (-13.5%) -194 (-2.5%) 8,600 8,066 8,600 7,736 7,634 7,440 7,440 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 YTD 2019 YTD 2020 +16 Fixed Consumer Subscriber base(2) (+7.9%) +16 (+7.9%) +5 (+2.2%) 208 224 208 212 215
Slide 5: Key Highlights: Mobile ARPU
Key Highlights: Mobile ARPU In AED +8 +8 (+9.9%) (+9.9%) -3 (-3.7%) 85 88 84 84 77 82 77 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 YTD 2019 YTD 2020 • Improvement in ARPU compared to last year is largely driven by the change in the mix of Prepaid and Postpaid subscribers. • Q1 2020 mobile ARPU decline
Slide 6: Key Financial Highlights: Revenues
Key Financial Highlights: Revenues AED Millions -152 -152 (-4.8%) (-4.8%) -204 (-6.4%) 3,140 3,189 3,067 3,192 3,140 2,988 2,988 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 YTD 2019 YTD 2020 • Total revenue decline compared to last year is mainly influenced by the drop in mobile revenues. The decline co
Slide 7: Key Financial Highlights: Segment Revenues
Key Financial Highlights: Segment Revenues AED Millions -154 -154 Mobile (-9.3%) (-9.3%) Revenues -78 (-4.9%) 1,657 1,694 1,605 1,580 1,657 1,503 1,503 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 YTD 2019 YTD 2020 +30 (+5.0%) +30 Fixed (+5.0%) Revenues -0.3 (-0.1%) 611 617 623 642 641 641 611 Q1 2019 Q2
Slide 8: Key Financial Highlights: EBITDA
Key Financial Highlights: EBITDA AED Millions -153 (-10.8%) -153 1,419 (-10.8%) 1,473 1,460 1,266 1,419 1,332 1,266 45.2% -194 42.4% (-13.3%) 45.2% 46.2% 45.7% 43.4% 42.4% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 YTD 2019 YTD 2020 EBITDA Margin • Compared to last year, the decrease in EBITDA is large
Slide 9: Key Financial Highlights: Net Income
Key Financial Highlights: Net Income AED Millions -94 (-21.0%) -94 449 (-21.0%) 464 449 436 355 381 355 -81 (-18.6%) 14.3% 14.5% 11.9% 14.3% 13.7% 12.4% 11.9% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 YTD 2019 YTD 2020 Net Income Margin • Net Income decline is largely flowing from lower EBITDA compare
Slide 10: Key Financial Highlights: Capex and Free Cash Flow
Key Financial Highlights: Capex and Free Cash Flow AED Millions 709 310 Capex 22.2% 181 10.4% 332 310 286 10.8% 10.4% 5.8% 181 9.0% 5.8% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 YTD 2019 YTD 2020 Capex (% of Revenue) Free cash flow -524 (-53.0%) -524 (-53.0%) 989 1,137 826 464 989 -1,357 464 Q1 2019
Slide 11: 2020 Outlook amid COVID-19 (1/2)
2020 Outlook amid COVID-19 (1/2) Resilient industry but still negative impact: • Reduction of sales due to closing of the shops as a result of the lock down • Shift of mobile traffic to already monetized and non-monetized fixed traffic • Temporary introduction of the VoIP and Video apps • Significan
Slide 12: 2020 Outlook amid COVID-19 (2/2)
2020 Outlook amid COVID-19 (2/2) Short-term: Mitigate and fight • Preparation of various plans to cope with an evolving situation – ensuring availability of “serve and sell” • Proactive cost optimization/reduction measures to manage the erosion of the topline • Acceleration of our digital transforma
Slide 13: Thank you.
Thank you. Emirates Integrated Telecommunications Company PJSC 13
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