Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — Q3 2018 Earnings Presentation
12 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, Nov 1, 2018
Slide 1: Q3 2018 Results
Q3 2018 Results Emirates Integrated Telecommunications Company PJSC 1st Nov 2018 1
Slide 2: Q3 2018: Key Highlights
Q3 2018 : Key Highlights • Revenues up 6.4% to AED 3.33 billion in Q3 2018 compared to the same period last year, attributed to solid growth in fixed revenues and robust performance of mobile revenues • Healthy increase in fixed line revenue by 7.8% at Q3 2018 compared to same period last year • EBI
Slide 3: Q3 2018: Revenue Performance
Q3 2018 : Revenue Performance Total Revenue (AED Mn.) Segment Contributions (AED Mn.) +6.4% Mobile Revenues Fixed Revenues Other Revenues +0.3% +18.5% +7.8% 3,331 3,131 1,773 1,779 973 579 821 537 Q3-17 Q3-18 Q3-17 Q3-18 Q3-17 Q3-18 Q3-17 Q3-18 • Revenue growth largely supported by fixed line growth
Slide 4: Profitability
Q3 2018 : Profitability EBITDA (AED Mn.) Net Profit after Royalty (AED Mn.) +2.8% -7.4% • EBITDA growth supported by strong performance of our fixed line revenue, up 2.8% in Q3 2018 compared to the same quarter last year • EBITDA growth is attributed to a solid revenue performance and the efficiency
Slide 5: Capex and Free Cash Flow
Q3 2018 : Capex and Free Cash Flow Capital Expenditure (AED Mn.) Free Cash Flow (AED Mn.) FCF Before Royalty -49.7% +40.4% • FCF has increased as a result of greater profitability and decreased capital expenditure compared to the same period in 1,261 the previous quarter 898 Q3-17 Q3-18 368 FCF Afte
Slide 6: Subscribers and ARPU
Q3 2018 : Subscribers and ARPU Subscribers (In ‘000) Mobile ARPU (In AED) Mobile ( ‘000) Q3-17 Q3-18 -5.1% +3.8% -3.3% • Mobile subscriber base declined by 3.3% compared to previous year as we 9,118 8,650 continued our focus on value rather than 7,975 7,714 volume. This is evident in our ARPU growth
Slide 7: YTD 2018: Revenue Performance
YTD 2018 : Revenue Performance Total Revenue (AED Mn.) Segment Contributions (AED Mn.) +4.8% Mobile Revenues Fixed Revenues Other Revenues -0.3% +13.8% +7.8% 9,553 10,013 5,414 5,398 2,892 2,541 1,723 1,598 YTD 17 YTD 18 YTD 17 YTD 18 YTD 17 YTD 18 YTD 17 YTD 18 • Revenue growth largely supported by
Slide 8: YTD 2018: Profitability
YTD 2018 : Profitability EBITDA (AED Mn.) Net Profit after Royalty (AED Mn.) +8.3% +9.2% One-Off Benefits 4,231 1,406 +4.0% 169 1,287 0.0% 119 • In Q1 2018 EITC recorded a one-off reversal related to 3,906 regulatory costs, which positively impacted company profitability year to date. • Excluding th
Slide 9: YTD 2018: Capex and Free Cash Flow
YTD 2018 : Capex and Free Cash Flow Capital Expenditure (AED Mn.) Free Cash Flow (AED Mn.) FCF Before Royalty -57.7% +33.3% • FCF has increased as a result of greater profitability and decreased capital expenditure compared to the same period in the previous year 2,987 2,241 1,035 YTD-17 YTD-18 FCF
Slide 10: YTD 2018: Subscribers and ARPU
YTD 2018 : Subscribers and ARPU Subscribers (In ‘000) Mobile ARPU (In AED) Mobile ( ‘000) YTD 17 YTD 18 +2.6% -5.1% -3.3% • Mobile subscriber base declined by 3.3% compared to previous year as we continued our focus on value rather than 9,118 8,650 7,975 7,714 volume. This is evident in our ARPU gro
Slide 11: Market overview
Market overview Market share consolidation – sustain competitiveness in the market UAE Mobile Subscribers - Market share quarterly evolution UAE Telecom Market – Revenue share quarterly evolution 60.0% 80.0% 55.2% 50.0% 70.0% 70.1% 44.8% 60.0% 40.0% 50.0% 30.0% 40.0% 30.0% * 20.0% 29.9% 20.0% 10.0%
Slide 12: Thank You
Thank You eitc
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