Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — Q2 2010 Earnings Presentation
11 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, Aug 10, 2010
Slide 1: 2010 Second Quarter Results Presentation
2010 Second Quarter Results Presentation Emirates Integrated Telecommunications Company PJSC 10 August 2010
Slide 2: Highlights
Highlights First quarter momentum built upon – another record quarter • Record quarterly revenues of AED 1.7 billion driven by strong mobile performance • Highest ever quarterly net profit before royalty of AED 275m • Sustained double digit growth in fixed line revenues and healthy outlook with rece
Slide 3: Financial Summary – Q2 2010
Financial Summary – Q2 2010 • Record quarterly revenues reaching AED 1.7bn up 30% vs. Q2 09 • Highest mobile revenues in a quarter ever reaching AED1.26bn up 43% vs Q2 09 • Sustained momentum in post-paid mobile subscribers, adding 29,700 in Q2 10, bringing the total to 194,000, equal to 5% of mobil
Slide 4: Revenues & Margins
Revenues & Margins Revenues driven by strong mobile subscriber acquisitions 1,800 Revenue by Segment 1,703 Gross Margin 1,580 1,127 67% 40 1,600 1,530 113 40 1,042 41 108 992 1,400 1,310 1,333 123 290 66% 1,227 1,166 36 36 265 876 115 256 863 1,200 34 150 810 776 1,060 112 32 1,260 65% 30 108 242 1,
Slide 5: Revenue Drivers - Mobile
Revenue Drivers - Mobile Strong subscriber additions and record mobile revenues in Q2 2010 Subscribers - Mobile - Active 90 days Revenue - Mobile 4,500 ('000) 1,400 3,921 3,739 1,167 1,260 4,000 1,200 3,477 1,110 3,500 3,139 882 941 1,000 3,000 2,906 2,750 840 795 2,500 2,466 AED Millions 800 730 2,
Slide 6: Mobile ARPU
Mobile ARPU Strong ARPU maintained ARPU - Mobile 120 112 111 100 108 101 104 104 80 60 40 20 0 Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10 • Mobile ARPU remains steady, standing at AED 111 for the quarter, up from AED 108 in the first quarter and AED 104 during the second quarter of 2009. • Initiatives are
Slide 7: Revenue Drivers – Fixed
Revenue Drivers – Fixed Fixed line take up rises by 52% year on year Revenue - Fixed • Fixed revenues grew by 20% year on year to AED 290m 24 16 9 17 • Total fixed lines increased 10% quarter on quarter and 52% year 12 9 4 on year closing with 499,900 lines 3 – 43,200 lines added during the quarter
Slide 8: Revenue Drivers: Wholesale & Broadcasting
Revenue Drivers Wholesale & Broadcasting Revenue - Wholesale Revenue - Broadcasting 160 45 140 40 150 41 40 40 35 120 36 36 123 34 115 30 32 100 112 113 108 108 30 25 AED Millions AED Millions 80 89 20 60 15 40 10 20 5 0 0 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10 Q3-08 Q4-08 Q1-09 • Wholesale
Slide 9: Profit & Loss
Profit & Loss Net profit before royalty up 138% vs Q2 09 to reach AED 275m Overheads Earnings Before Interest, Tax, Depreciation & Net Profit before Royalty 700 60% 500 30% 300 18% Amortization 680 450 16% 250 275 50% 400 454 25% 660 676 673 14% 640 350 200 12% 366 366 20% 620 300 194 626 10% AED Mi
Slide 10: Capital Investments and Cash Flow
Capital Investments and Cash Flow Continued investment in du’s network and infrastructure to support growth 600 1,200 Cash Flow Capex Additions 400 1,000 452 435 506 200 277 312 310 960 174 177 914 0 800 (164) Millions (AED) (200) Millions (AED) (427) (378) 13 (379) 600 (458) 638 (400) 126.2 (507) (
Slide 11: Q&A
Q&A Mr Osman Sultan Mr Mark Shuttleworth Chief Executive Officer Chief Financial Officer
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