Slide 1: Results presentation Q1 2024
Results presentation 477 telecomegypt Q1 2024
Slide 2: Disclaimer
Disclaimer This document has been prepared by Telecom Egypt (the “Company” or “TE”) solely for the use at the analyst/investor presentation, held in connection with the Company. The information contained in this document has not been independently verified. This document contains statements related
Slide 3: Q1 2024 Results highlights
Q1 2024 Results highlights Strong Growth Momentum Sets the Tone for the Year Revenue cecPbn Q1 2024 17.5bn +25% YoY / +19% QoO. v Total revenue up 25% YoY, mainly driven by data revenues, which amounted to EGP 7.2bn, followed by IC&N and ICA revenues with EGP 2.9bn and EGP 2.6bn, respectively. EBITD
Slide 4: Results versus analyst consensus estimates
Revenue EBITDA EBITDA margin Net profit In EGP millions Analyst 1 16,662 7,491 45.0% 3,207 Analyst 2 16,094 6,683 41.5% 3,405 Analyst 3 16,157 6,705 41.5% 3,907 Analyst 4 15,781 7,128 45.2% 3,704 Analyst 5 17,186 7,332 42.7% 2,242 Average of estimates 16,376 7,068 43.2% 3,293 Median 16,157 7,128 42.
Slide 5: Main events
Main events Read More Read More Read More Read More Read More
Slide 6: Financial highlights
Financial highlights Revenue We EGP mo} +25.3% +18.8% >. 1 17,487 Q1 2023 4 2023 Q1 2024 Operating profit (EGP enn) 5.0% I +118.4% 3,616 1,656 Q1 2023 Q4 2023 Q1 2024 EBITDA (a EGP mn) +19.0% +44.1% 6,142 Q1 2023 Q4 2023 Q1 2024 Net profit {te EGP ma) +1.8% +67.5% 2,317 Q1 2023 Q4 2023 Q1 2024
Slide 7: Customer base and ARPU
Customer base and ARPU Fixed line Fixed broadband (10008) (tr o00s) 12,783 9,639 9,518 12,480 12,396 9,318 9,085 11,727 ous 8,907 i Q1 2023 22 2023 03 2023 24 2023 Q1 2024 Q1 2023 22 2023 23 2023 24 2023 Q1 2024 Mobile ARPU i000) dn EGP) —o-—Fixed line ARPU 13,002 —o—Fixed data ARPU 12,484 12,587 12
Slide 8: Revenue bridge by business unit
+25% 856 305 -737 777 2,327 17,487 13,959 Q1 2023 Home & Consumer Enterprise Solutions Domestic Wholesale ICA IC&N Q1 2024 Total Revenue Total Revenue
Slide 9: Revenue by business unit
Revenue by business unit Steady Retail Segment Performance Continues to Drive Growth Home & Enterprise Domestic International International Customers & Consumer P Carriers Affairs Networks 439.3% +18.0% eee me 8% Ee 8% +42.3% 425.9% | ere 8% crane [ _2m% ? i ae 5% 412.1% Q1 2023 Q4 2023 Q1 2024 Q1 2
Slide 10: Income statement (Q1 2024)
Income statement (Q1 2024) In EGP mn Qt 2024 4 2023 Qi 202300 YoY + Top line witnessed a robust 25% YoY increase, backed by a notable 35% increase in retail Revenue 17,487 14,721 13,959 19% 25% revenue and 14% in wholesale revenue. Home 8,244 6,550 5,917 26% 39% + Data was the largest contributor to
Slide 11: Operating profit bridge Q1 23 to Q1 24
1,377 3,528 703 281 340 3,808 943 3,616 76 Q1 23 Revenue COGS Employee SG&A Provisions \ Depr & Amort. Other Q1 24 Operating Profit Cost ECL Reversal Income/Expense Operating Profit 11
Slide 12: 1,2 50. 0.0 1,0 -50.00 -100.00 -150.00 0 -200.00 200 -250.00 0 -300.00
1,2 00 50. 00 0.0 0 1,0 00 -50.00 800 -100.00 600 -150.00 400 -200.00 200 -250.00 0 -300.00
Slide 13: Capex License Capex/sales
1,80 0 200 % 180 % 1,60 0 160 % 1,40 0 140 % 1,20 0 120 % 1,00 0 100 % 800 80% 600 60% 400 40% 200 20% - 0% Capex License Capex/sales 9,00 0 200 % 180 % 8,00 0 160 % 7,00 0 140 % 6,00 0 120 % 5,00 0 100 % 4,00 0 80% 3,00 0 60% 2,00 0 39% 49% 37% 33% 40% 1,00 0 28% 20% - 0%
Slide 14: FCFE and FCFF/EBITDA
2,643 451 560 1,177 1,634 (1,246) (993) (463) (438) (4,722) FCFF/EBITDA( Excluding Mobile Licenses) FCFE FCFE ( Excluding Mobile Licenses) FCFF/EBITDA 43% 36% 7,603 22% 13% 9% 5,521 5,593 -19% -20% -28% -39% 1,856 2,617 -65% 1,173 (764) (37) (12) (567) Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2020
Slide 15: Our performance in context
Our performance in context Q1 2024 actual Revenue growth YoY EBITDA margin (%) CapEx/sales (%) FCFF/EBITDA (%) Excluding the mobile licenses CapEx FY 2024 budget Mid double-digit High 30s In-service: Early 20s Early 40s 15
Slide 16: Thank You
Thank You Investor relations team investor.relations@te.eg Check our website: ir.te.eg