Emirates Integrated Telecommunications Company Pjsc · DFM:DU

Emirates Integrated Telecommunications Company Pjsc — Emirates Integrated Telecommunications Company (EITC) — Q1 2009 Earnings Presentation

9 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, Apr 29, 2009

  1. Slide 1: Emirates Integrated Telecommunications Company (EITC) Q1 2009 results

    Emirates Integrated Telecommunications Company (EITC) Q1 2009 results Earnings Conference Call 29 April 2009 This document is confidential and is intended solely for the use and information of du 1

  2. Slide 2: Q1 2009 Highlights

    Q1 2009 Highlights Solid results and strong momentum • Revenues increased 54% to AED 1,166 million compared to AED 756 million in Q1 08 driven by strong mobile subscriber growth over the past 12 months – Marginal 5% decline in revenues versus Q4 08 (AED 1,227 million) due to seasonality, decreased b

  3. Slide 3: Revenue & Margins

    Revenue & Margins 54% revenue growth year on year; ongoing gross margin improvement Revenue Gross Margin By Segment 900 67% 1,400 800 66% 1,227 810 34 1,166 776 1,200 700 65% 1,060 112 32 108 30 600 669 64% 1,000 908 89 242 AED Million 30 230 568 AED Millions 756 75 212 500 63% 800 26 840 795 465 97

  4. Slide 4: Revenue Drivers - Mobile

    Revenue Drivers - Mobile 71% increase in mobile revenues year on year; subscribers almost doubled Revenue - Mobile Subcribers - Mobile ('000) 900 840 3,000 795 800 730 2,750 700 2,500 595 2,498 600 2,000 AED Millions 2,077 500 464 1,850 400 1,500 1,404 300 1,000 200 100 500 0 Q1-08 Q2-08 Q3-08 Q4-08

  5. Slide 5: Revenue Drivers - Fixed

    Revenue Drivers - Fixed Service Expansion in Dubai Revenue - Fixed • Fixed revenues grew 37% to AED 230 million from AED168 million in Q1 08 300 250 4 33 • Total fixed lines increased 69% to 311,000 compared to 200 18 22 184,000 in Q1 08 AED Millions 20 150 • Fixed telephony lines rose 43% to 148,96

  6. Slide 6: Revenue Drivers - Wholesale & Broadcasting

    Revenue Drivers - Wholesale & Broadcasting Steady contribution Revenue - Wholesale Revenue - Wholesale 120 120 112 112 100 100 97 108 97 108 89 89 80 80 AED Millions AED Millions 75 75 60 60 40 40 20 20 0 0 Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 • Strong year on year growth for

  7. Slide 7: Profit & Loss

    Profit & Loss Continued profitability despite challenging market conditions Earnings Before Interest, Tax & Depreciation of Net Profit before Royalty Ammortization 100 8% 250 25% 80 6% 236 82 200 20% 60 4% 40 47 2% AED Million AED Million 150 159 15% 20 31 0% - -2% 100 10% 102 (20) -4% (44) (40) -6%

  8. Slide 8: Capital Investments and Cash Flow

    Capital Investments and Cash Flow CAPEX Program for ongoing growth based on high quality services Capex Additions Cash Flow (AED million) Net cash Ops Net cash Invest. FCF 1,000 600 900 914 400 800 200 452 277 305 700 141 0 AED Millions 600 638 (150) 586 (362) 500 (200) (333) 491 (366) 400 (427) (49

  9. Slide 9: Q&A

    Q&A © 2009. Proprietary and Confidential 99

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