Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Q2 2014 Earnings Presentation
13 slides from Vodafone Qatar Qsc's earnings presentation, Jul 22, 2014
Slide 1: Vodafone Qatar Q.S.C Financial Results
Vodafone Qatar Q.S.C Financial Results Quarter ended 30 June 2014 Tuesday 22nd July 2014
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: Financial Highlights
Financial Highlights For the Quarter ended 30 June 2014 Mobile Customers Total Revenue 1,354,000 QR 585m 18% 27% EBITDA Distributable Profits QR 159m 27% margin QR 73m 61% 363% 3 FY15 Financial Results Presentation
Slide 4: Financial Highlights
Financial Highlights
Slide 5: Mobile Customers ('000s)
Mobile Customers (’000s) 1,354 1,146 125 98 878 761 534 1,229 1,199 1,002 Prepay 1,049 Postpay Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Mobile Customer 19.9% 26.8% 29.3% 32.2% n/a Market Share • 18% growth in Customers (YoY) – 208k customers added − 12% increase in population • Strong Postpaid performance
Slide 6: Total Revenue (QR bn)
Total Revenue (QR bn) 585 459 350 291 176 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Closing Mobile Revenue Market 15.2% 23.2% 25.6% 30.2% n/a Share Total ARPU 104 116 122 123 131 • 27% improvement YoY – continued customer base growth and higher ARPU • ARPU improves 7% (YoY) driven by increased contribution
Slide 7: EBITDA (QRm)
EBITDA (QRm) 159 99 51 31 -9 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 EBITDA -5% 11% 15% 22% 27% Margin % • 61% growth in EBITDA (YoY) – benefiting from revenue increase and scale • EBITDA margin improvement reflects better sales mix and scale benefits 7 FY15 Financial Results Presentation
Slide 8: Distributable Profit (QRm)
Distributable Profit (QRm) Distributable Profit is defined as the net profit for financial year plus license amortization for that year. 73 * 16 -21 -18 -47 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Net Loss (148) (122) (118) (85) (27) • EBITDA drives strong growth in Distributable Profit and 68% YoY impro
Slide 9: Capitalised Fixed Asset Additions (QRm)
Capitalised Fixed Asset Additions (QRm) 146 2 * 89 73 8 64 144 Fixed Line Mobile 29 81 31 73 10 35 21 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Capital Intensity 41% 30% 18% 7% 25% • Investments in network modernisation and transmission augmenting capacity for LTE • Continued site roll-out, in particular f
Slide 10: Free Cash Flow (QRm)
Free Cash Flow (QRm) 34 39 * 11 13 -63 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Net Debt (360) (633) (904) (985) (815) • Reduction in Net Debt despite dividend payment − Good working capital management • Overall borrowing capacity of QR1.2bn 10 FY15 Financial Results Presentation
Slide 11: Appendices
Appendices
Slide 12: Financial Summary
Financial Summary Financial Performance 3 months to 3 months to 3 months to 3 months to 3 months to 3 months to Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 QRm QRm QRm QRm QRm QRm Total Revenue 3 176 291 350 459 585 EBITDA (73) (9) 31 51 99 159 Net Loss (152) (148) (122) (118) (85) (27) Distributable
Slide 13: Contact Details
Contact Details Steve Walters Chief Financial Officer M +974 7777 5464 E steve.walters01@vodafone.com Address: Vodafone Qatar PO BOX 27727 Doha, Qatar Website: www.vodafone.com.qa 13 FY15 Financial Results Presentation