Emirates Telecom. Group Company (etisalat Group) Pjsc · ADX:EAND
Emirates Telecom. Group Company (etisalat Group) Pjsc — Etisalat Group — Q3 2018 Earnings Presentation
21 slides from Emirates Telecom. Group Company (etisalat Group) Pjsc's earnings presentation, Oct 25, 2018
Slide 1: Etisalat Group Q3 2018 Results Presentation
ETISALAT GROUP Q3 2018 RESULTS PRESENTATION - ABU DHABI, UAE 25TH OCTOBER 2018 1
Slide 2: Disclaimer
Etisalat Group | Q3 2018 Results Presentation DISCLAIMER Emirates Telecommunications Group Company PJSC and its subsidiaries (“Etisalat Group” or the “Company”) have prepared this presentation (“Presentation”) in good faith, however, no warranty or representation, express or implied is made as to th
Slide 3: 1. Business Overview
1. Business Overview Saleh Al Abdooli Chief Executive Officer Etisalat Group
Slide 4: Etisalat Group Financial Highlights
Etisalat Group | Q3 2018 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS AED Million Q3 2018 Growth Growth 9M 2018 Growth YoY% (1) QoQ% YoY% (1) Revenue 13,150 +2% 0% 39,354 +3% EBITDA 6,579 +1% 0% 19,658 +1% EBITDA Margin 50% -1pp 0pp 50% -1pp Net profit 2,282 -4% +4%
Slide 5: Etisalat Group Q3'18 Financial Highlights
Etisalat Group | Q3 2018 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP Q3’18 FINANCIAL HIGHLIGHTS • Expanding the Group customer base by +3% • Maintaining revenue and EBITDA growth momentum • Profitable growth masked by forex losses • Performing against our revised guidance • Revising ful
Slide 6: 2. Financial Overview
2. Financial Overview Serkan Okandan Chief Financial Officer Etisalat Group
Slide 7: Etisalat Group Financial Highlights
Etisalat Group | Q3 2018 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS Revenue Breakdown Q3 2018 (AED m) EBITDA Breakdown Q3 2018 (AED m) 13.2 6.6 Bn Bn Y0Y Growth +2% Y0Y Growth +1% UAE +2% UAE -1% MT Group (LC +3%) +3% MT Group (LC +4%) +4% Egypt (LC+18%) +18% Egypt
Slide 8: Int'l Operations Financial Highlights Q3 2018
Etisalat Group | Q3 2018 Results Presentation FINANCIAL HIGHLIGHTS INT’L OPERATIONS FINANCIAL HIGHLIGHTS Q3 2018 Revenue (AED m)/EBITDA (AED m) / EBITDA Revenue & EBITDA (AED m) / EBITDA Margin (%) / Margin (%) YoY Growth % Maroc Telecom Q3 2018 Growth Growth in AED in MAD Revenue 3,398 +3% +3% 64%
Slide 9: Group Revenue
Etisalat Group | Q3 2018 Results Presentation REVENUE GROUP REVENUE Revenue (AED m) and YoY growth (%) Sources of Revenue growth Q3 2018 Vs. Q3 2017 (AEDm) 4% 5% -3% Q3’17 UAE MT Group Egypt Pakistan Others Q3’18 Highlights Revenue by Cluster (Q3 2018) • In Q3’18 consolidated revenue increased Y/Y b
Slide 10: Group EBITDA
Etisalat Group | Q3 2018 Results Presentation EBITDA GROUP EBITDA EBITDA (AED m) & EBITDA Margin Sources of EBITDA growth – Q3 2018 vs Q3 2017 (AED m) Q3’17 UAE MT Group Egypt Pakistan Others Q3’18 Highlights EBITDA by Cluster (Q3 2018) • In Q3’18 consolidated EBITDA increased Y/Y by 1% to AED 6.6 b
Slide 11: Group Capex
Etisalat Group | Q3 2018 Results Presentation CAPEX GROUP CAPEX CAPEX (AED m) & CAPEX/Revenue Ratio (%) Sources of Capex growth – Q3 2018 vs Q3 2017 (AED m) Q3’17 UAE MT Group Egypt Pakistan Others Q3’18 Highlights CAPEX by Cluster (Q3 2018) In Q3’18 consolidated capex increased Y/Y by 2% Domestic
Slide 12: Group Balance Sheet & Cash Flows
Etisalat Group | Q3 2018 Results Presentation BALANCE SHEET / CASHFLOWS GROUP BALANCE SHEET & CASH FLOWS Balance Sheet (AED m) Dec-17 Sep-18 Investment Grade Credit Ratings Cash & bank Balances 27,125 24,254 AA-/Stable Total Assets 128,894 124,212 Total Debt 24,705 24,348 Net Cash / (Debt) 2,420 (95
Slide 13: Debt Profile: Diversified Debt Portfolio
Etisalat Group | Q3 2018 Results Presentation DEBT PROFILE DEBT PROFILE: DIVERSIFIED DEBT PORTFOLIO Borrowings by Operation Q3 2018 (AED m) Borrowings by Currency Q3 2018 (%) 15,774 5,560 1,578 1,436 Group MT Group Egypt Pakistan Debt by Source Q3 2018 (AED m) Repayment Schedule Q3 2018 (AED m) 15,2
Slide 14: Country by Country Financial Review
COUNTRY BY COUNTRY FINANCIAL REVIEW 14
Slide 15: UAE: Resilient Financial Performance
Etisalat Group | Q3 2018 Results Presentation UAE UAE: RESILIENT FINANCIAL PERFORMANCE WHILE SUMMER SEASONAILTY IMPACTING SEQUENTIAL RESULTS Revenue (AED m) / YoY Growth (%) EBITDA (AED m) / EBITDA % Net Profit (AED m) / Profit Margin (%) CAPEX (AED m) & CAPEX / Revenue Ration (%) (1) Prior period f
Slide 16: UAE: Revenue Breakdown and Key KPI's
Etisalat Group | Q3 2018 Results Presentation UAE UAE: REVENUE BREAKDOWN AND KEY KPI’S Mobile Revenues(1) (AED m) Fixed Revenues(2) (AED m) Other Revenues(3) (AED m) Mobile Subs(4) (m) & ARPU(5) (AED) Fixed Broadband(6) Subs (m) & ARPU(7) (AED) (1) Mobile revenues includes mobile voice, data, rental
Slide 17: Maroc Telecom: Profitable Growth Fueled by Monetization of Data
Etisalat Group | Q3 2018 Results Presentation MAROC TELECOM GROUP MAROC TELECOM: PROFITABLE GROWTH FUELED BY MONETIZATION OF DATA Morocco, Benin, Burkina Faso, CAR, CDI, Gabon, Mali, Mauritania, Niger & Togo Subscribers (m) Revenue (AED m) / EBITDA Margin CAPEX (AED m) & CAPEX/Revenue Ratio (%) 27%
Slide 18: Egypt: Maintaining Growth Momentum with Improved Margins
Etisalat Group | Q3 2018 Results Presentation EGYPT EGYPT: MAINTAINING GROWTH MOMENTUM WITH IMPROVED MARGINS Subscribers(1) (m) Revenue (AED m) / EBITDA CAPEX (AED m) & CAPEX/Revenue Ratio (%) HIGHLIGHTS USD / EGP FX Rate (EGP) • Regulatory restriction negatively impacted customer acquisitions 17.6
Slide 19: Pakistan: Growth in Local Currency with Stable Margins
Etisalat Group | Q3 2018 Results Presentation PAKISTAN PAKISTAN: GROWTH IN LOCAL CURRECNY WITH STABLE MARGINS Subscribers (m) Revenue (AED m) / EBITDA Margin CAPEX (AED m) & CAPEX/Revenue Ratio (%) REVENUE BREAKDOWN Q3’18 USD / PKR FX Rate (EGP) 124.3 121.5 124.4 105.4 116.7 Ufone 105.4 PTCL 47% 53%
Slide 20: 2018 Actual Against Guidance: Improving Full Year Capex Guidance
Etisalat Group | Q3 2018 Results Presentation GUIDANCE 2018 ACTUAL AGAINST GUIDANCE: IMPROVING THE FULL YEAR CAPEX GUIDANCE Financial Original Guidance Revised Guidance Actual KPI 2018 in AED 2018 in AED 9M 2018 in AED Revenue Growth % Slightly lower Slightly higher +3.1% EBITDA Margin% 49% - 50% 49
Slide 21: Etisalat Group Investor Relations
ETISALAT GROUP INVESTOR RELATIONS Email: ir@etisalat.ae Website: www.etisalat.com/en/ir/index.jspr 21