Vodafone Qatar Qsc · QSE:VFQS

Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — H1 2021 Earnings Presentation

17 slides from Vodafone Qatar Qsc's earnings presentation, Jul 15, 2021

  1. Slide 1: Vodafone Qatar P.Q.S.C. Financial results: Half year ended 30 June 2021

    Vodafone Qatar P.Q.S.C. Financial results: Half year ended 30 June 2021 15 July 2021

  2. 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 may

  3. Slide 3: Quarterly Highlights

    Quarterly Highlights Hamad Al Thani Chief Executive Officer 3

  4. Slide 4: Executive Summary | Key Messages

    Executive Summary | Key Messages Strengthening Profitable Challenging Critical Growth Revenue Mix Growth Market Drivers leading to RMS Continues Environment gains FY21 H1 Total Revenue Enhanced Coverage & RMS +1.3pts Y/Y Population +8.5% Y/Y Capacity RMS reached 24.1% in FY21 Q1 Population declined

  5. Slide 5: Financial Review

    Financial Review Masroor Anjum Chief Financial Officer (Acting) 5

  6. Slide 6: H1 Financial Performance | Highlights

    FY21 H1 Financial Performance | Highlights Strong Revenue growth YoY Highest ever profitability • Total Revenue grows levels 8.5% led by service revenue increase of 7.8% Cost control • Reported EBITDA Margin Growing mobility and higher handset sales • Expenses stable YoY of 40.6% subscribers • FY21

  7. Slide 7: H1 Financial Performance

    FY21 H1 Financial Performance Year on Year (QRm) Total revenue Expenses EBITDA Net profit +8.5% +1.3% +21.1% +65.5% 1,163 683 691 472 134 1,072 +7.8% 85 72 389 317 313 81 1,078 1,000 366 379 FY20 H1 FY21 H1 FY20 H1 FY21 H1 FY20 H1 FY21 H1 FY20 H1 FY21 H1 Service revenue Equipment revenue Direct cost

  8. Slide 8: Q2 Financial Performance

    FY21 Q2 Financial Performance Year on Year (QRm) Total revenue Expenses EBITDA Net profit +8.7% -0.4% +25% +105% 578 342 340 237 68 +10.6% 531 33 40 190 161 159 33 544 492 180 181 FY20 Q2 FY21 Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 Q2 Service revenue Equipment revenue Direct costs OPEX 1• T

  9. Slide 9: Q2 Financial Performance: Service revenue

    FY21 Q2 Financial Performance Service revenue (QRm) Postpaid Revenue Prepaid Revenue Total Service Revenue +8.6% -5.6% +10.6% 285 +1.9% 139 139 544 +1.9% 136 137 279 132 534 -3.8% 521 269 265 500 262 492 FY20 Q2 FY20 Q3 FY20 Q4 FY21 Q1 FY21 Q2 FY20 Q2 FY20 Q3 FY20 Q4 FY21 Q1 FY21 Q2 FY20 Q2 FY20 Q3

  10. Slide 10: Q2 Financial Performance: Mobility ARPU

    FY21 Q2 Financial Performance Mobility ARPU (QR) +2.4 (+3%) 87 87 86 83 82 Mobility ARPU increases QR 2.4 YoY driven by growth in postpaid ARPU FY20 Q2 FY20 Q3 FY20 Q4 FY21 Q1 FY21 Q2 10 10

  11. Slide 11: Q2 Financial Performance: EBITDA Margin

    FY21 Q2 Financial Performance EBITDA Margin 43.1% 43.0% 40.6% 39.8% 41.1% • Underlying EBITDA margin of 43% 37.9% 40.0% (growth of 5.1 ppts YoY) led by growth in service revenue and continued cost 37.4% optimisation initiatives 36.9% 35.7% • Reported Margin at 41.1% grows 5.4 ppts YoY, highest ever

  12. Slide 12: Q2 Financial Performance: CAPEX

    FY21 Q2 Financial Performance CAPEX (QRm) Total CAPEX Quarterly CAPEX Mix +45m Capacity run and maintenance 222 21 85 90 Coverage, capacity expansion and others 45 49 Capabilities & 7 IT Transformation 61 FY20 Q2 FY20 Q3 FY20 Q4 FY21 Q1 FY21 Q2 CAPEX 8.5% 15.8% 37.7% 8.3% 15.5% Intensity CAPEX inves

  13. Slide 13: Consolidated Statement of Income

    Consolidated Statement of Income Six months ended 30 June 2021 COMMENTARY Six months ended QR m (unless otherwise stated) 30 Jun 21 30 Jun 20 YoY • Total revenue 8.5% (QR 91m) higher led by 7.8% growth in service revenue Consumer revenue 707 684 22 Enterprise, equipments and other revenue 456 388 68

  14. Slide 14: Appendix

    Appendix 14

  15. Slide 15: Consolidated Statement of Financial Position

    Consolidated Statement of Financial Position As at 30 June 2021 COMMENTARY QR m (unless otherwise stated) 30 Jun 21 31 Dec 20 Var Assets Property, plant and equipment 1,590 1,647 (57) • Property, plant and equipment and intangibles Intangible assets 4,224 4,280 (56) decreased QR 113m due to deprecia

  16. Slide 16: Mobile Customers & Net Debt

    Mobile Customers & Net Debt Mobile Customers Net Debt (‘000) (QRm) +3.9% -3.5% 1,697 1,714 785 775 1,678 743 758 1,650 1,662 645 FY20 Q2 FY20 Q3 FY20 Q4 FY21 Q1 FY21 Q2 FY20 Q2 FY20 Q3 FY20 Q4 FY21 Q1 FY21 Q2 16 16

  17. Slide 17: For more information visit our website

    For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.com

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