Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — FY2018 Earnings Presentation
22 slides from Vodafone Qatar Qsc's earnings presentation, Feb 13, 2019
Slide 1: Financial results: year ended 31 December 2018
Vodafone Qatar P.Q.S.C. Financial results: year ended 31 December 2018 13 February 2019
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 Messages | Highlights This Quarter
Key Messages | Highlights This Quarter Overall mobility Delivering market contracted Awarded 3.5 GHz Shareholder Value both in value and in spectrum license to FY18 Net profit of QR volume of operate 5G 118m and 59% connections* driven Vodafone has commercially Fibre access higher QoQ by declining d
Slide 5: Financial review
Brett Goschen Financial review Chief Financial Officer
Slide 6: Key points to note & Highlights
Key points to note & Highlights Highest ever Prior year one-offs Strong Yearly Postpaid net impacting FY18 Q4 Financial additions in a YoY comparisons: Performance Quarter – 31k Highest CAPEX in Quarterly higher publicity and 15 quarters – 1. Network outage QR 270m Msheireb Tetra Total Revenue comme
Slide 7: Quarterly Financial Performance (Year on Year)
Quarterly Financial Performance (Year on Year) (QR m) CY18 Q4 v CY17 Q4 Total revenue Expenses EBITDA Net (loss) / profit (before industry fees) +5.7% +4.5% +71m -12m 566 408 171 42 536 390 159 84 63 38 +19.7% 192 215 * 472 482 133 198* * 193 (29) CY17 Q4 CY18 Q4 CY17 Q4 CY18 Q4 CY17 Q4 CY18 Q4 CY17
Slide 8: Service Revenue (QR m)
Service Revenue (QR m) CY18 Q4 v CY17 Q4 Postpaid Revenue Prepaid Revenue Total Service Revenue +12.8% -10.4% +2.1% 225 227 223 226 487 202 203 482 212 +1% 208 472 473 200 201 +20.9% +5.1% 13 461 13 459 186 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY18 Q4 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY18 Q4 CY17 Q4 CY18
Slide 9: Total Revenue & ARPU
Total Revenue & ARPU CY18 Q4 v CY17 Q4 Total Revenue (QR m) ARPU (QR) +5.7% +0.1% 566 105 105 108 105 103 +2.7% 536 532 13 519 17.1% 484 522 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY18 Q4 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY18 Q4 Total 21.7% 21.2% 21.3% 20.1% N/A RMS • 1 Total revenue increased 17.1% QoQ due
Slide 10: EBITDA & Underlying EBITDA margin
EBITDA & Underlying EBITDA margin CY18 Q4 v CY17 Q4 EBITDA (QR m) EBITDA margin % (before industry fees) (before industry fees) -7.2% 171 159 149 31.9% 38 142 135 14 +19.7% 30.4% 29.1% 28.7% 27.5% 29.3% 27.5% 28.0% 25.4% 133 135 25.3% CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY18 Q4 CY17 Q4 CY18 Q1 CY18 Q2 C
Slide 11: CAPEX (QR m)
CAPEX (QR m) CY18 Q4 v CY17 Q4 Quarterly CAPEX Mix Total CAPEX +93.1% Capacity run and Fixed, Cost maintenance 270 Optimisation Program and others 59 75 140 115 74 30 27 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY18 Q4 110 CAPEX 26.1% 14.0% 5.7% 23.7% 47.8% Capabilities & IT Coverage & capacity Intensity Tra
Slide 12: FY18 Financial performance (Year on Year)
FY18 Financial performance (Year on Year) | FY17 v FY18 (QR m) Total revenue Expenses EBITDA Net (loss) / profit (Before industry fees) +5.1% +2.1% +374m +8.5% 2,101 1,485 1,517 118 1,998 584 197 147 538 719 785 1,852 1,904 766 * 732 (256) FY17 FY18 FY17 FY18 FY17 FY18 FY17 FY18 Equipment revenue Se
Slide 13: Statement of income
Statement of income Year ended 31 December 2018 9 months Year ended Year ended ended 12 Months 31 Dec 18 31 Dec 17 31 Dec 17 YoY Commentary 12 months YoY: QR m (Audited) (Unaudited) (Audited) Revenue 2,101 1,998 1,481 103 •1 Revenue increased QR 103m due to growth in postpaid and Interconnection and
Slide 14: Statement of Financial Position
Statement of Financial Position As at 31 December 2018 QR m Dec-18 Dec-17 Var Assets Property, plant and equipment 1,292 1,202 90 •1 Property, plant and equipment increased by QR 90m due to Intangible assets 4,428 4,461 (33) CAPEX during the year of QR 347m (Noor and 5G) offset by Trade and other re
Slide 15: Accounting for leases
Key changes effective 1 January 2019 Prepaid Customer Definition Change New accounting standard for Leases (IFRS 16) Revising current definition: any 1. Long term leased assets will be recognized at Customer definition Prepaid customer with a recharge in last 30 days to Accounting for leases discoun
Slide 16: We are attending: Annual European & Emerging Markets Telecoms Conference
We are attending: Annual European & Emerging Markets Telecoms Conference When: 19 / 20 March 2019 Where: London Organised by: Citi Group Register with the below link: https://starcite.smarteventscloud.com/Citi/2019/CommunicationServicesConference/Investor Or Contact our Investor Relations Team: Inve
Slide 17: Questions ?
Questions ?
Slide 18: Appendix
Appendix
Slide 19: Mobile Customers ('000s)
Mobile Customers (‘000s) CY18 Q4 v CY17 Q4 Postpaid Prepaid Total Mobile Customers +24.1% -4.6% +2.0% 396 1,071 1,070 1,042 1,417 1,016 1,022 1,410 +1% 365 +8.5% 1,390 1,390 +2.7% 349 1,380 340 319 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY18 Q4 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY18 Q4 CY17 Q4 CY18 Q1 CY18 Q
Slide 20: Free Cash Flow & Net Debt (QR m)
Free Cash Flow & Net Debt (QR m) CY18 Q4 v CY17 Q4 Free Cash Flow Net Debt (QR m) +62m 66 69 -32.4% 620 603 554 49 488 419 17 7 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY18 Q4 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY18 Q4 •1 Free Cash Flow increased QR 62m YoY due to higher EBITDA and timing of CAPEX settlements,
Slide 21: Financial Summary
Financial Summary For Year Ended 31 December 2018 QR m Year ended Year ended YoY (unless otherwise stated) Dec-18 Dec-17 Growth (%) Mobile Customers (000) 1,417 1,390 2% • 1 Customer Base higher, largely due to growing postpaid subs offset by impact of slowing prepaid market and reduction in Total R
Slide 22: Thank You
Thank You The Future Is Exciting For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.com
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