Slide 1: Ooredoo Group Results Presentation
05 May 2025 OOREDOO GROUP RESULTS PRESENTATION For the quarter ended 31 March 2025
Slide 2: Disclaimer
Disclaimer • Ooredoo (parent company Ooredoo Q.P.S.C.) and the group of companies which it forms part of (“Ooredoo Group”) cautions investors that certain statements contained in this document state Ooredoo Group management's intentions, hopes, beliefs, expectations, or predictions of the future and
Slide 3: Presenters
Presenters Strategic & results review Operations review Aziz Abdulla Aluthman Ahmed Fakhroo Al-Zaman Group CEO Group CFO | 5 May 2025 |
Slide 4: Strategy update
01 Strategy update Aziz Aluthman Fakhroo | Group CEO | |
Slide 5: Strategy update: making strong progress
Strategy update Making strong progress Towers Data centres Sea cable and fibre Fintech • Launched Syntys, newly established carrier- • Building international submarine cable with • Fully operational in 3 markets— Qatar, • Advancing toward the creation of region’s largest independent TowerCo, consoli
Slide 6: Syntys
SYNTYS Dedicated data center platform well positioned to accelerate MENA’s Digital Transformation Data center Medium/Long term targets: Active # of countries with IT capacity 13 data centers 1 under 3 Syntys presence 19 (MW) • USD 1 Billion planned investment construction • Scale to 120 MW capacity
Slide 7: Fintech
Fintech Creating an integrated marketplace, unlocking the untapped potential of the MENA digital payment market Long term Q1 2025 Markets ` ambition QAR -1.5 million QAR 22.1 million EBITDA Operating in 3 markets ~ 3 – 4 million Revenue QAR 16.1 million Qatar Oman Maldives Active users Capex to ente
Slide 8: Results review
02 Results review Aziz Aluthman Fakhroo | Group CEO | |
Slide 9: Group Q1 2025 YoY highlights
Group Q1 2025 YoY highlights Consistently delivering solid financial performance Growth Profitability Balance sheet Returns Capex Flat (+3%*) Flat (+2%*) +3pp to 9% Free -8% Revenue EBITDA intensity QAR 5.8 billion QAR 2.5 billion cash flow QAR 2.0 billion Capex QAR 538 million Customers -11% (+5%*)
Slide 10: Revenue
Revenue Supported by operational strength Group revenue Quarterly YoY change QAR mn QAR mn and % Quarterly 0% 0% -13 5,863 5,850 10 6 61 82 3% 1% -1% -3% -3% 102 >100% -4% 12% (2) (3) (20) 5,863 (64) -100% 5,850 8% (185) Q1-24 Q1-25 Group Iraq Algeria Others Tunisia Kuwait Maldives Palestine Oman Qa
Slide 11: EBITDA
EBITDA Delivered a resilient EBITDA margin Group EBITDA and margin Quarterly YoY change QAR mn QAR mn and % - Quarterly 0% 2,546 2,539 0% -7 30 1 33 5% 1% 0% -4% -2% 87 12% (1) -7% (2) (20) -100% (21) 43% 43% 2,546 51% 2,539 (55) -100% (60) Q1-24 Q1-25 Group Kuwait Algeria Iraq Maldives Tunisia Pale
Slide 12: Net Profit | Q1 2025 Reported and Normalised
Net Profit | Q1 2025 Reported and Normalised Healthy reported Net profit growth Net profit attributable to Ooredoo shareholders (QAR mn) Reported Normalised +5% -4% 913 960 1,004 962 Q1-24 Q1-25 Q1-24 Q1-25 Net profit now accounts for the initial impact of Pillar 2 (QAR 59 million), in line with new
Slide 13: Capex
Capex Prioritising strategic capex to drive long-term growth Group Capex (QAR mn) | Capex / Revenue % Q1 2025 (YoY change QAR mn) Iraq 109 +41% Oman 23 538 Kuwait 22 Algeria 15 382 Tunisia 14 Others 5 Maldives -1 7% 9% Palestine -3 Qatar -28 Q1-24 Q1-25 Capex breakdown per opco Capex breakdown per s
Slide 14: Free cash flow
Free cash flow (FCF: EBITDA – Capex ) Robust FCF driven by financial discipline Group FCF Quarterly YoY change QAR mn QAR mn -8% -8% -163 2,164 2 1 2,001 19 8 65 2,164 (14) >100% (44) (47) (73) 2,001 (80) Q1-24 Q1-25 Group Kuwait Algeria Qatar Maldives Palestine Tunisia Oman Myanmar Others Iraq Grou
Slide 15: Customers
Customers Focus on enhancing customer service and boosting retention Consolidated customers YoY change mn ‘000 -11% -11% 58.5 -6,534 52.0 58,545 1,672 979 94 57 22 (83) (85) 52,011 >100% (243) (8,947) Q1-24 Q1-25 Group Iraq Algeria Palestine Kuwait Maldives Qatar Oman Tunisia Myanmar Group Q1-24 Q1-
Slide 16: Debt Profile
Debt Profile Strong liquidity position, low leverage and investment-grade rating sustained QAR’mn Repayment schedule Fixed vsvs Fixed Floating Floatingrate ratedebt debt portion portion Summary 1,349 • Net Debt/EBITDA ratio of 0.6x, below current Board guidance 5,459 9% of 1.5x to 2.5x 14,683 • Stro
Slide 17: Q1 2025 actual vs FY 2025 guidance
Q1 2025 actual vs FY 2025 guidance On track to meet guidance Actual Q1 2025 Change YoY (%) FY 2025 Guidance Actual Q1 2025 Revenue QAR 5.8 billion Flat 2% – 3% +3% excluding impact of Myanmar EBITDA margin 43% Flat Low 40%’s Capex QAR 538 million +41% QAR 4.5 – 5.0 billion || | | 17
Slide 18: Operations review
03 Operations review Abdulla Ahmed A Al-Zaman | Group CFO | |
Slide 19: Qatar
Qatar Maintaining a strong EBITDA margin amid competitive market conditions Q1 2025 Quarterly Trend (QAR mn, % YoY) (QAR mn) -4% -64 1,751 928 53% 54 1,848 1,816 1,763 1,697 1,751 -4% -2% 1pp -34% EBITDA 52% 54% 53% 53% Revenue EBITDA Capex 48% margin 948 952 904 879 928 Q1-24 Q2-24 Q3-24 Q4-24 Q1-2
Slide 20: Kuwait
Kuwait Healthy performance overall, underpinned by higher service revenue Q1 2025 Quarterly Trend (QAR mn, % YoY) (KWD mn) +1% +1 766 259 34% 62 68 68 64 64 65 1% 51% 11pp 56% EBITDA Revenue EBITDA Capex 34% margin 29% 27% 29% 23% 20 17 20 22 15 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Revenue EBITDA EBITDA ma
Slide 21: Oman
Oman Sustained Mobile service revenue in a highly competitive market Q1 2025 Quarterly Trend (QAR mn, % YoY) (OMR mn) -3% -2 64 62 62 63 62 587 259 44% 59 -3% -7% -2pp 64% EBITDA 46% 47% 46% 44% 44% Revenue EBITDA Capex margin 30 29 28 27 27 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Revenue EBITDA EBITDA margin
Slide 22: Iraq
Iraq Maintaining strong growth driven by an expanding customer base and uptick of data usage Q1 2025 Quarterly Trend (QAR mn, % YoY) (IQD bn) +8% +37 493 477 475 438 463 1,312 591 45% 163 8% 5% -1pp 203% 46% 48% 48% 45% EBITDA 42% Revenue EBITDA Capex margin 203 223 235 199 214 Q1-24 Q2-24 Q3-24 Q4-
Slide 23: Algeria
Algeria Continued strong double-digit growth enabled by strategic investments in network expansion and digitalisation Q1 2025 Quarterly Trend (QAR mn, % YoY) (DZD mn) +12% +3 - 27,597 27,270 27,482 87 24,446 25,271 743 316 42% 12% 12% - 20% EBITDA 43% 41% 46% 42% Revenue EBITDA Capex 39% margin 10,4
Slide 24: Tunisia
Tunisia Good performance supported by mobile and fixed segments | Successful launch of 5G products and services Q1 2025 Quarterly Trend (QAR mn, % YoY) (TND mn) +4% +13 - 347 345 91 319 321 370 143 39% 308 3% - -1pp 17% 40% 41% 42% 43% 39% EBITDA Revenue EBITDA Capex margin 122 132 146 148 124 Q1-24
Slide 25: Maldives
Maldives Maintaining cost discipline; sustaining a strong EBITDA margin Q1 2025 Quarterly Trend (QAR mn, % YoY) (MVR mn) -1% -7 2 554 544 564 547 129 70 55% 541 -1% 1% 1pp -33% EBITDA 53% 54% 54% 57% 55% Revenue EBITDA Capex margin 296 290 292 324 298 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Revenue EBITDA EBI
Slide 26: Palestine
Palestine Restored coverage across most densely populated areas in Gaza Q1 2025 Quarterly Trend (QAR mn, % YoY) (USD mn) -3% -1 27 28 28 27 94 38% 2 26 35 -3% -4% -1pp -52% 38% 40% 38% 38% EBITDA 31% Revenue EBITDA Capex margin 10 11 10 10 8 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Revenue EBITDA EBITDA Margin
Slide 27: IOH
IOH Impacted by increasing competition in the market Q1 2025 Revenue (IDR tn) EBITDA (IDR tn) & margin -2% -1% 13.8 13.6 6.5 6.4 46.7% 47.2% Q1-24 Q1-25 Q1-24 Q1-25 Net Profit (IDR tn) Customers (mn) +1% -5% 1.4 1.4 100.8 95.4 Q1-24 Q1-25 Q1-24 Q1-25 Share in Net profit of IOH of 32.8% is reported b
Slide 28: Appendices
04 Appendices | |
Slide 29: KPIs Technology: Q1 2025
KPIs Technology: Q1 2025 4G Sites as % of 4G Population 5G Population Total Data Volume 4G Contribution in 5G Contribution in Data Volume Country Total Sites total towers Coverage % coverage % GB total traffic % total traffic % Grow YoY % Algeria 8,641 99.98% 94.50% 457,331,679 96.13% 19.02% Iraq 8,
Slide 30: KPIs Commercial: Q1 2025
KPIs Commercial: Q1 2025 Number of MyOoredoo Post paid as Churn Churn Data users Digital complaints Country NPS App users RMS (*) % of total Mobile Fixed (‘000) recharge per 1000 (‘000) subs subs Algeria 5% - 36 8,278 1,140 97% 48% 1 11% Iraq 7% NA 45 10,464 4,979 58% 57% 1 2% Kuwait 2% 2% 47 2,057
Slide 31: Blended ARPU
Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) 103 101 102 102 101 22.6 22.8 23.4 22.6 40.2 41.2 38.5 70.8 70.3 68.3 69.7 21.6 36.3 38.1 64.1 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Palestine (QAR) Kuwait
Slide 32: Opcos licence general information
Opcos licence general information Fixed Licence Mobile Licence Country Issuance date Expiry date Issuance date Expiry date Qatar 7 October 2007 6 October 2032 7 October 2007 6 October 2027 13 October 1997 Kuwait -- -- Indefinite Emiri Decree Iraq -- -- 30 August 2007 29 August 2030 Oman 8 June 2009
Slide 33: Statutory corporate income tax (CIT) rates
Statutory corporate income tax (CIT) rates Statutory Losses Carry Forward Country Comments CIT rate Allowed . No CIT is levied on a corporate entity that is wholly owned by Qatari nationals and GCC nationals that are resident in Qatar and companies listed on Qatar Stock Exchange. Listed companies ar
Slide 34: Thank you
THANK YOU @OoredooIR • IR@ooredoo.com • www.ooredoo.com Download our IR app | |