Slide 1: Results Presentation Q2 2024
Results Presentation telecomegypt Q2 2024
Slide 2: Disclaimer
Disclaimer This document has been prepared by Telecom Egypt (hereinafter referred to as the “Company” or “TE”) exclusively for informational purposes. The content of this document has not been independently verified. It contains forward-looking statements concerning the Company's future business, fi
Slide 3: H1 2024 Results Highlights
H1 2024 Results Highlights Price-Ups Across Retail Segment Alleviate Inflation Pressures EBITDA cccrim 38.0bn 15.5bn +35% YoY +29% YoY Total revenue climbed 35% YoY, backed by a 46% YoY increase in Data revenue across the Retail segment, contributing 40% to total revenue, followed by International D
Slide 4: Main Events
Main Events Read More Read More Read More Read More
Slide 5: Main Events
Main Events Read More Read More Read More Read More
Slide 6: Main Events
Main Events Read More Read More Read More
Slide 7: Financial Highlights
Financial Highlights Revenue (EGP ma). +44.4% 434.9% r f +17.0% - 37,953 28,136 17,487] 14,177] Q2 2023 Q1 2024 Q2 2024 H1 2023 H1 2024 Operating Profit (EGP enn) +45.4% +18.4% 432.8% 8,417 7,109 4,801 Q2 2023 Q1 2024 Q2 2024 H1 2023 H1 2024 EBITDA {In EGP mn) +39.9% 429.2% r f > +11.4% nd 15,453 11
Slide 8: Customer Base and ARPU
Customer Base and ARPU Fixed Line Fixed Broadband (0008) (0005) +8.3% 47.9% | | ! 9,806 12,480 9,518 oe 12,396 aan 11,816 O88 22 2023 03 2023 24 2023 Q1 2024 Q2 2024 Q2 2023 03 2023 24 2023 Qt 2024 2 2024 Mobile ARPU i000) tmecry +4.4% | aes 8% —o—Fixed Line ARPU ern 407 —o—Fixed Data ARPU ; 13,002
Slide 9: Total Revenues H1 2024 YoY
Total Revenues H1 2024 YoY (EGP mn) +35% 7 2h -656 Transit Ancillary (O&M) Infrastructure & +460 +52 Transmission +83 IDD Capacity +1,437 +1,212 Int'l Voice Services Outgoing Int'l Int'l Customer Calls Support +403 Data Center +312 H1 2023 Total Revenues Home & Consumer Enterprise Solutions Domestic
Slide 10: Total Revenues Q2 2024 YoY
Total Revenues Q2 2024 YoY (EGP mn) | -931 Transit Ancillary (O&M) Infrastructure & +261 +193 Transmission +824 IDD Capacity +1,035 +598 Int'l Voice Services Outgoing Int'l Int'l Customer Calls Support +296 Data Center +312 Q2 2023 Total Revenues Home & Consumer Enterprise Solutions Domestic Wholesa
Slide 11: 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 +44.7% +42.1% +51.4% +33.4% +46.1% 42.2% 472.5% 457.9% 417.3% +28.1% > > | +8.9% I +9.0% i | +52.2% I | +33.2%
Slide 12: Income Statement (H1 2024)
Income Statement (H1 2024) Revenue Top-line witnessed a significant 35% YoY increase, on a 40% increase in Retail revenue anda 28% increase in Wholesale revenue. Data was the largest contributor to revenue growth, with 48%, thanks to the price up across all retail segments in January 2024 and the 8%
Slide 13: Income Statement (Q2 2024)
Income Statement (Q2 2024) Revenue Top-line inflated by 44% YoY, on a 46% YoY increase in Retail revenue and 42% YoY in Wholesale revenue. Data grew 48% YoY, representing 38% of total revenues, thanks to the price up across all of the Retail segment in January 2024, alongside the 8% increase in Data
Slide 14: Operating Profit H1 2024 YoY
Operating Profit H1 2024 YoY (EGP mn) CH18%) H1 2023 Operating Profit Revenue COGS & Call Costs Employee Costs SG&A Provisions D&A Other Income/Expense Hi 2024 Operating Profit, /ECL Reversal 14
Slide 15: Operating Profit Q2 2024 YoY
Operating Profit Q2 2024 YoY (EGP mn) (445%) 2 2023 Operating Profit Revenue COGS & Call Costs Employee Costs SG&A Provisions D&A Other Income/Expense 2 2024 Operating Profit /ECL Reversal 15
Slide 16: Cash, Total Debt, Net Debt
Cash Total Debt Net Debt 1,20 0 50.00 1,00 0 0.00 800 -50.00 600 -100.00 -150.00 -200.00 400 200 -250.00 0 -300.00
Slide 17: CapEx (excluding mobile licenses) and CapEx/Sales
9,000 200 % 180 % 8,000 160 % 7,000 140 % 6,000 120 % 5,000 100 % 4,000 80% 3,000 60% 2,000 40% 1,000 20% - 0% 25,00 0 CapEx (excluding mobile licenses) License CapEx/Sales 200 % 180 % 20,00 0 160 % 140 % 15,00 0 120 % 100 % 10,00 0 80% 60% 55% 5,000 35% 31% 40% 40% 36% 20% - 0%
Slide 18: FCFF / EBITDA
619 1,134 (239) (1,656) (10,440) FCFF / EBITDA FCFF(excl.Mobile Licenses) / EBITDA 53% 5,141 17% 26% 4% 8% -14% -5% -3% -26% 1,097 753 611 -68% (1,203)
Slide 19: Our Performance in Context
Our Performance in Context H1 2024 actual Revenue growth YoY EBITDA margin (%) CapEx/Sales (%) FCFF/EBITDA (%) 1) Revised, excluding the mobile licenses CapEx 2) Excluding the mobile licenses CapEx FY 2024 budget Mid double-digit High 30s In-service: Mid 20s’ Early 40s 19
Slide 20: Thank You
Thank You Investor relations team investor.relations@te.eg Check our website: ir.te.eg