Ooredoo Q.p.s.c · QSE:ORDS
Ooredoo Q.p.s.c — Ooredoo — 9M 2015 Earnings Presentation
31 slides from Ooredoo Q.p.s.c's earnings presentation, 2015
Slide 1: Ooredoo Group 9M 2015 Results
Ooredoo Group 9M 2015 Results
Slide 2: Disclaimer
Disclaimer Ooredoo (parent company Ooredoo Q.S.C.) and the group of companies which it forms part of (“Ooredoo Group”) cautions investors that certain statements contained in this document state Ooredoo Group management's intentions, hopes, beliefs, expectations, or predictions of the future and,
Slide 3: Contents
Contents Results Review Strategy Review Operations Review Additional Information 3 | 9M 2015 | Ooredoo Group Results Call
Slide 4: Key Highlights – 9M 2015
Results Strategy Operations Additional Overview Review Review Review Information Group Results Key Highlights – 9M 2015 Strong revenue growth in local currency terms across our main markets; • Group continued to record revenue growth across its key markets in local currency terms while overall finan
Slide 5: Revenue and EBITDA
Results Strategy Operations Additional Overview Review Review Review Information Group Results Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin -4% +3% -3% 11,685 -9% -2% -3% 11,225 25,477 24,835 24,839 10,234 10,012 24,196 47% 44% 41% 41% 9M'12 9M'13 9M'14 9M'15 9M'12 9M'13 9M'14 9
Slide 6: Net Profit and Net Debt
Results Strategy Operations Additional Overview Review Review Review Information Group Results Net Profit and Net Debt Net Profit Attributable to Ooredoo Shareholders (QARm) Net Debt (QARm) and Net Debt/EBITDA ratio +6% Net Foreign Exchange +43% -9% 30,530 28,805 27,789 -4% -15% 2,069 +0.5% 2,156 20
Slide 7: Free Cash Flow and Capital Expenditure
Results Strategy Operations Additional Overview Review Review Review Information Group Results Free Cash Flow and Capital Expenditure Free Cash Flow (QARm) CAPEX (QARm) and CAPEX/Revenue (%) +46% +1% -9% 6,165 6,209 4,951 5,647 4,229 -54% +13% -16% 2,255 2,138 1,893 24% 25% 23% 17% 9M'12 9M'13 9M'14
Slide 8: Total Group Debt Breakdown
Results Strategy Operations Additional Overview Review Review Review Information Group Results Total Group Debt Breakdown Total Group Debt (QARm) Total Group Debt Breakdown (as of September 30, 2015) Short-term Long-term Others 8% 42,642 42,781 41,778 2,318 Indonesia 4,916 8,122 13% 33,771 6,885 37,
Slide 9: Debt Profile – Ooredoo Q.S.C. only
Results Strategy Operations Additional Overview Review Review Review Information Group Results Debt Profile – Ooredoo Q.S.C. only USD mn Loans Bonds Sukuk 1,800 1600 1,600 1,400 1250 1,200 1000 1000 1000 1000 1,000 750 800 650 500 500 600 400 200 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2
Slide 10: Total Customers
Results Strategy Operations Additional Overview Group Results Review Review Review Information Total Customers Total Customers (000) +20% +7% 114,880 96,005 89,190 89,559 9M'12 9M'13 9M'14 9M'15 Solid customer growth continued driven by Indonesia, Myanmar Algeria, Qatar and Oman Gained almost 19 mil
Slide 11: 2015 9M Performance Summary
Results Strategy Operations Additional Overview Review Review Review Information Group Results 2015 9M Performance Summary % Change 2015 Full Year Group Guidance Items 9M 2015 9M 2015 / Guidance 9M 2014 Revenue (QAR bn) 24.2 -2.6% 0% to -3% EBITDA (QAR bn) 10 -2.2% -1% to -4% Capital Expenditure (QA
Slide 12: Contents
Contents Results Review Strategy Review Operations Review Additional Information 12 | 9M 2015 | Ooredoo Group Results Call
Slide 13: Strategy Update
Results Strategy Operations Additional Overview Review Review Review Information Strategy Update No major changes Lead on Customer Experience Strengthen our • Consistent strategy Foundations Accelerate Growth • Portfolio optimization • Focus on core business 13 | 9M 2015 | Ooredoo Group Results Call
Slide 14: Contents
Contents Results Review Strategy Review Operations Review Additional Information 14 | 9M 2015 | Ooredoo Group Results Call
Slide 15: Group Operations: Qatar
Results Strategy Operations Additional Overview Review Review Review Information Group Operations Qatar QARm Revenue +12% • Strong growth in revenue driven by mobile 5,286 5,897 data, fixed data, and mega projects • Healthy growth in EBITDA achieved with 52% EBITDA margin • Customer base reached 3.5
Slide 16: Group Operations: Indonesia
Results Strategy Operations Additional Overview Review Review Review Information Group Operations Indonesia QARm Revenue EBITDA & Margin • Healthy revenue growth of 11% in local -2% -1% currency driven by higher customer base and 5,501 5,374 2,504 2,491 strong performance in data • EBITDA in local c
Slide 17: Group Operations: Iraq
Results Strategy Operations Additional Overview Review Review Review Information Group Operations Iraq QARm • Revenue and EBITDA declined due to the security situation in parts of Iraq and Revenue competition. 4,804 -23% • Customer base stood at 10.6 million as of 3,712 September 2015. • Overall sec
Slide 18: Group Operations: Oman
Results Strategy Operations Additional Overview Review Review Review Information Group Operations Oman QARm Revenue +12% • Ooredoo Oman revenue increased by 12% 1,834 YoY to QAR 1.8 billion driven by growth in 1,636 both mobile and fixed data revenues • EBITDA grew by 18% with EBITDA margin reaching
Slide 19: Group Operations: Kuwait
Results Strategy Operations Additional Overview Review Review Review Information Group Operations Kuwait QARm Revenue EBITDA & Margin • Ooredoo Kuwait maintained Revenue and EBITDA growth trend in the period +4% 1,615 1,686 • Revenue and EBITDA in local currency +23% terms increased by 11% and 31% 3
Slide 20: Group Operations: Algeria
Results Strategy Operations Additional Overview Review Review Review Information Group Operations Algeria QARm Revenue EBITDA & Margin • Ooredoo Algeria delivered 10% revenue and -12% 6% EBITDA growth in local currency terms 3,507 3,103 -15% • EBITDA margin stabilized at 38% 1,366 1,166 • Depreciati
Slide 21: Group Operations: Tunisia
Results Strategy Operations Additional Overview Review Review Review Information Group Operations Tunisia QARm Revenue EBITDA & Margin • Ooredoo Tunisia maintained its market leadership position amid challenging macro environment in the country. -21% -27% 1,780 854 1,414 626 • Depreciation of the Tu
Slide 22: Group Operations: Myanmar
Results Strategy Operations Additional Overview Review Review Review Information Group Operations Myanmar QARm Revenue • Ooredoo Myanmar maintained its growth performance and generated revenue of QAR 782 782 million in 9M 2015 • Customer base reached 4.8 million at the end of the period across the c
Slide 23: Ooredoo – winner of Best IR in Qatar 2015 Award
Qatar Stock Exchange IR Survey available here (https://www.surveymonkey.com/r/InvestorRelationsExcellenceEN) Ooredoo – winner of Best IR in Qatar 2015 Award by Middle East IR Society
Slide 24: Q&A
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Slide 25: Contents
Contents Results Review Strategy Review Operations Review Additional Information 25 | 9M 2015 | Ooredoo Group Results Call
Slide 26: Group Revenue and EBITDA Breakdown
Results Strategy Operations Additional Overview Review Review Review Information Additional Information Group Revenue and EBITDA Breakdown Revenue (QARm) EBITDA (QARm) 24,835 25,477 24,839 24,196 11,685 11,225 10,234 10,012 9M'12 9M'13 9M'14 9M'15 9M'12 9M'13 9M'14 9M'15 Qatar 4,645 4,860 5,286 5,89
Slide 27: Group CAPEX and Customers Breakdown
Results Strategy Operations Additional Overview Review Review Review Information Additional Information Group CAPEX and Customers Breakdown CAPEX Breakdown (%) Customers Breakdown (%) Others, Others, Myanmar, 1.7% Tunisia, 6.5% 1.2% Qatar, 3.0% 13.6% Qatar, 9.6% Iraq, 9.3% Myanmar, 4.1% Tunisia, 3.9
Slide 28: Blended ARPU
Results Strategy Operations Additional Overview Review Review Review Information Additional Information Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) 47.6 134.0 129.9 128.1 43.5 127.3 127.6 124.3 65.6 66.3 66.8 64.9 66.2 49.8 34.5 40.0 38.4 63.9 46.0 46.5 47.9 32.6 31
Slide 29: Statutory Corporate Tax Rates
Results Strategy Operations Additional Overview Additional Information Review Review Review Information Statutory Corporate Tax Rates Statutory Losses C/Fwd Notes Tax Rate Allowed Algeria 23% 4 years Indonesia 25% 5 years Iraq 15% 5 years GCC companies (including NMTC)are exempted and are subjected
Slide 30: Key Operating Country Statistics
Results Strategy Operations Additional Overview Additional Information Review Review Review Information Key Operating Country Statistics 2014 (est.) Algeria Indonesia Iraq Kuwait Maldives Oman Qatar KSA Tunisia GDP real growth % 3.8 5.2 -2.7 1.4 4.5 3.4 6.5 4.6 2.8 (2013) (2.8) (5.8) (4.2) (-0.4) (3
Slide 31: Thank you
Thank you Follow us Website: ooredoo.com Email: IR@ooredoo.com Twitter: @OoredooIR