Grameenphone Ltd. · DSEBD:GP
Grameenphone — Q1 2023 Earnings Presentation
19 slides from Grameenphone's earnings presentation, May 3, 2023
Slide 1: Grameenphone's Q1 2023 Earnings
Grameenphone’s Q1 2023 Earnings 03 May 2023 Sensitivity: Internal
Slide 2: Q1 2023 Yasir Azman, CEO
Q1 2023 Yasir Azman, CEO 2 Sensitivity: Internal
Slide 3: Disclaimer
Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such 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. Information in the fo
Slide 4: Highlights
Highlights Continuous network investment Revenue portfolio diversification, new streams & increased sub-base Enhanced digital capabilities Continued topline & EBITDA growth Q1 2023 Sensitivity: Internal
Slide 5: Network expansion, portfolio simplification & innovation driving growth
Network expansion, portfolio simplification & innovation driving growth • Continuous spectrum rollout | 35% sites connected through fiber | Over 20K total sites • Simplified product portfolio and strong market execution • Digital adoption resulting in 31% YTD recharge from digital channels | MyGP is
Slide 6: Empowering Societies
Empowering Societies Digital Inclusion for All Online Safety Empowering women in 2000 Enable basic digital skills and unions with digital literacy to provide online safety for 2.3mn enhance their lives of internet vulnerable communities FutureNation Grameenphone Academy Equip individuals in Rangpur
Slide 7: Q1 2023 Jens Becker, CFO
Q1 2023 Jens Becker, CFO 7 Sensitivity: Internal
Slide 8: Continued topline growth with strong EBITDA margin amidst a challenging macroeconomic environment
Continued topline growth with strong EBITDA margin amidst a challenging macroeconomic environment +2.7% YoY Growth 61.0% Subscription & Traffic Revenue* EBITDA Margin ** 13.4% 5.77 CAPEX/Sales*** Earnings Per Share *Revenues generated by own subscription (excludes interconnection) ** EBITDA before o
Slide 9: Subscriber base back to growth crossing 80Mn
Subscriber base back to growth crossing 80Mn Total Subscribers (Mn) Active Data Users and 4G Data Users *(Mn) -2.4% -4.3% 83.7 84.6 44.6 46.2 45.5 43.6 43.5 81.8 79.1 80.1 34.2 31.5 32.0 33.2 28.7 Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Active Data User 4G Data User • Improved 4G
Slide 10: Revenue growth for eight successive quarters
Revenue growth for eight successive quarters Total Revenue (BDT Bn) and Growth (YoY) DSTR* (BDT Mn) and Growth (YoY) +2.8% +2.7% 37.9 38.6 37.5 383 395 399 388 393 36.3 37.3 6.5% 7.0% 6.7% 4.1% 4.6% 5.9% 2.7% 4.4% 3.5% 2.8% Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q3 2021 *Daily s
Slide 11: Continued growth in data revenue driven by usage
Continued growth in data revenue driven by usage Data Revenue* (BDT Bn) Bundle Revenue** (BDT Bn) -7.8% +14.2% 5.1 5.2 5.2 9.8 9.9 10.0 9.5 4.7 4.7 8.8 Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 * Data revenue includes paygo, subscription & outbound roaming ** Bundle revenue include
Slide 12: Network expansion and the deployment of new spectrum contributed to the growth in data usage
Network expansion and the deployment of new spectrum contributed to the growth in data usage Service ARPU and AMPU Data Usage (AMBPU) +7.5% +21.9% 197 198 198 6,348 192 193 152 153 154 5,985 5,987 143 147 5,520 5,208 Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 ARPU (BDT) AMPU Q1 2023
Slide 13: Eight consecutive quarters of EBITDA growth driven by topline growth & efficiency
Eight consecutive quarters of EBITDA growth driven by topline growth & efficiency Opex (BDT Bn) and Margin EBITDA* (BDT Bn) and Margin +4.9% +2.7% 12.0 12.0 12.1 24.1 24.5 11.5 11.0 23.1 22.8 22.2 65.2% 61.0% 62.2% 61.1% 61.0% 31.6% 31.6% 30.9% 32.3% 29.4% Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q1’22 Q2’22 Q
Slide 14: Continued investments to fortify the network experience
Continued investments to fortify the network experience *Capex (BDT Bn) and Capex/Sales% • 20k+ total sites; 20.1K 4G sites at the end of Q1’23 • YoY 1.8k new coverage sites along with 2.5K new 4G site 6.9 5.6 5.0 3.9 99.6% 96.9% 97.9% Population 4G Population 2.8 Geographic Coverage Coverage Covera
Slide 15: YoY Net profit impacted by higher depreciation & finance cost
YoY Net profit impacted by higher depreciation & finance cost NPAT (BDT Bn) and Margin Earnings Per Share (BDT) -3.7% -3.7% 6.82 6.72 9.2 9.1 6.00 5.77 8.1 7.8 3.7 2.75 22.3% 24.3% 23.5% 20.9% 9.9% Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 NPAT (BDT Bn.) Margin % Q1 2023 Sensitivit
Slide 16: Net debt improved by 7.6Bn mainly driven by higher cash balance
Net debt improved by 7.6Bn mainly driven by higher cash balance *OCF (BDT Bn) and OCF/Sales% Net debt (BDT Bn) and Net debt/EBITDA** -13.1% 9.0 21.2 6.3 19.5 0.07 0.10 18.3 17.5 15.9 1.8 0.02 54.9% 51.9% 50.3% 46.3% (0.07) 42.5% (0.06) (6.5) (5.8) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q1’22 Q2’22 Q3’22 Q4’2
Slide 17: Contribution to National Exchequer
Contribution to National Exchequer 1,084.7 102.8 104.3 98.2 • BDT 24.0Bn (equaling 64.1% of total revenues) 86.0 contributed to national exchequer as of Mar’23 • Contribution in the form of taxes, VAT, duties, license/spectrum fees & revenue share 24.0 2019 2020 2021 2022 2023 Total Figures in BDT B
Slide 18: Positive Revenue and EBITDA growth momentum for eight consecutive quarters
Positive Revenue and EBITDA growth momentum for eight consecutive quarters in a challenging macroeconomic environment Enabling growth ambition & enhancing customer experience with continued investment in network, innovation in product and services, using advanced capabilities & partnerships and buil
Slide 19: Q1 2023 Contact
Q1 2023 Contact: Investor.relations@grameenphone.com +8801755552271 https://www.grameenphone.com/about/investor-relations In consideration of local regulations, Grameenphone Ltd. does not provide any forward-looking statements. 19 Sensitivity: Internal