Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — Q1 2018 Earnings Presentation
19 slides from Vodafone Qatar Qsc's earnings presentation, May 1, 2018
Slide 1: Vodafone Qatar P.Q.S.C. Financial results: Three months ended 31 March 2018
Vodafone Qatar P.Q.S.C. Financial results: Three months ended 31 March 2018 1 May 2018
Slide 2: Disclaimer
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 con
Slide 3: Strategic review
Sheikh Hamad Al Thani Chief Executive Officer Strategic review
Slide 4: Key Highlights
Key Highlights Subscriber Growth 1st Quarterly Network Performance driven by postpaid Net Profit Improvement 25% YoY Growth in Ranked #5 in data and voice QR 80m reduction in amortisation Postpaid Subs performance across Vodafone results in quarter net profits Group footprint Company returns to Fixe
Slide 5: Status update: Structural changes
Status update: Structural changes • Mobile telecommunication licence extended by additional 40 years to 2068 • Capital Reduction approved in Extraordinary General Assembly (EGA) on 19 March 2018 and pending regulatory approval from Qatar Financial Markets (QFMA) and Ministry of Economy and Commerce
Slide 6: Financial review
Brett Goschen Financial review Chief Financial Officer
Slide 7: Quarterly Financial performance (Year on Year)
Quarterly Financial performance (Year on Year) CY18 Q1 v CY17 Q1 Total revenue (QR m) Expenses (QR m) EBITDA (QR m) Net (loss) / profit (QR m) +2.8% +2.8% +2.9% +92m 517 532 387 397 131 135 17 188 208 209 178 (74) CY17 Q1 CY18 Q1 CY17 Q1 CY18 Q1 CY17 Q1 CY18 Q1 CY17 Q1 CY18 Q1 Direct costs OPEX • To
Slide 8: Service Revenue (QR m)
Service Revenue (QR m) CY18 Q1 v CY17 Q1 Postpaid Revenue Prepaid Revenue Total Service Revenue +24.9% -17.1% -1.6% 200 201 269 262 481 484 178 13 472 473 161 217 227 223 13 153 415 186 459 CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q
Slide 9: Total Revenue & ARPU
Total Revenue & ARPU CY18 Q1 v CY17 Q1 Total Revenue (QR m) ARPU (QR) +2.8% +3.6% 536 532 102 101 105 105 517 516 13 91 429 522 CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 Total 20.2% 20.5% 19.1% 21.7% 21.2% RMS • Total revenue increased 2.8% due to postpaid growt
Slide 10: EBITDA & Underlying EBITDA margin
EBITDA & Underlying EBITDA margin CY18 Q1 v CY17 Q1 EBITDA (QR m) EBITDA margin % +2.9% 171 131 139 38 135 98 31.9% 28.3% 27.5% 26.9% 133 25.4% 25.4% 26.9% 25.3% 25.3% 22.8% CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 EBITDA One-off Reported EBITDA margin EBITDA m
Slide 11: CAPEX (QR m)
CAPEX (QR m) CY18 Q1 v CY17 Q1 Total CAPEX Quarterly CAPEX Mix CAPEX ARO Provision Customer Capacity run and -50.7% Equipment & others maintenance 151 140 4 47 Capabilities & IT 17 Transformation 18 74 56 103 +53m 21 CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 CAPEX 19.9% 4.1% 13.1% 26.1% 14.0% Intensit
Slide 12: Financial Summary
Financial Summary For Three Months ended 31 March 2018 QR m 3m to 3m to YoY (unless otherwise stated) Mar-18 Mar-17 Growth (%) Mobile Customers (000) 1,410 1,501 (6.1%) • Customer Base lower, largely impacted by network outage and reduction in market sim duality Total Revenue 532 517 2.8% • Total Re
Slide 13: Questions ?
Questions ?
Slide 14: Appendix
Appendix
Slide 15: Mobile Customers ('000s)
Mobile Customers (‘000s) CY18 Q1 v CY17 Q1 Postpaid Prepaid Total Mobile Customers +25.0% -13.0% -6.1% 340 1,229 1,501 1,464 319 1,178 1,410 1,096 1,389 1,390 285 293 1,071 1,070 272 CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18
Slide 16: Net (Loss) / Profit & Distributable Profit (QR m)
Net (Loss) / Profit & Distributable Profit (QR m) CY18 Q1 v CY17 Q1 Net (loss) / profit Distributable profit +92m +45.2% 17 72 38 44 38 -29 26 -57 34 4 -74 CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 -96 One-offs Distributable profits CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 • Net Profit of QR 17m driven
Slide 17: Free Cash Flow (QR m)
Free Cash Flow (QR m) CY18 Q1 v CY17 Q1 Free Cash Flow Three months ended 31 March 2018 Free Cash Flow bridge +23m 96 13 51 135 74 54 17 6 17 7 EBITDA iPhone Other working Capex Wakala FCF (6) 8&X stock capital financing costs & others CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 • Free Cash Flow increas
Slide 18: Financing Position
Financing Position CY18 Q1 v CY17 Q1 Net Debt (QR m) Net Debt to EBITDA Ratio* -22.4% -23.2% 777 1.45 680 626 620 603 1.18 1.17 1.15 1.11 CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 CY17 Q1 CY17 Q2 CY17 Q3 CY17 Q4 CY18 Q1 • Lowest Net Debt in Company history • EBITDA to Net Debt ratio reduced in line wi
Slide 19: Thank you !
Thank you ! For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.com 19
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