Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — FY2013 Earnings Presentation
20 slides from Vodafone Qatar Qsc's earnings presentation, Mar 31, 2013
Slide 1: Vodafone Qatar Q.S.C Financial Results
Vodafone Qatar Q.S.C Financial Results Year ended 31 March 2013 Press Presentation 1 FY13 Financial Results Presentation
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 con
Slide 3: Financial Highlights
Financial Highlights For the Year ended 31 March 2013 Mobile Customers Total Revenue 1,084,000 QR 1.53bn 30% 25% EBITDA Distributable Profits QR 284m 19% margin QR 2m 97% First Full Year of Distributable Profits Achieved 3 FY13 Financial Results Presentation
Slide 4: FY13 Full-Year Financial Review
FY13 Full-Year Financial Review Steve Walters Chief Financial Officer 4 FY13 Financial Results Presentation
Slide 5: Mobile Customers
Mobile Customers Year-on-Year Comparison 31.8% 28.5% 26.7% 1,084,000 17.8% 837,000 757,000 465,000 n/a FY09 FY10 FY11 FY12 FY13 Total Mobile Customers Mobile Customer Market Share (%) • 30% growth in customers (YoY) – 247k new customers • 8% increase in population • 3.3pts growth in closing market s
Slide 6: Total Revenue
Total Revenue Year-on-Year Comparison 27.4% 24.5% 20.0% 1.53 1.22 0.93 8.6% 0.36 FY09 FY10 FY11 FY12 FY13 Revenue (QR bn) Mobile Revenue Market Share ARPU n/a 134 113 112 121 • 25% improvement in revenue (YoY) as a result of increased customer base and ARPU growth • Continued strong growth in market
Slide 7: EBITDA
EBITDA Year-on-Year Comparison 284 144 (27) (124) (225) FY09 FY10 FY11 FY12 FY13 EBITDA (QRm) -124 -225 -27 144 284 EBITDA Margin % n/a -62% -2.9% 12% 19% • EBITDA growth continues with a 97% improvement YoY • EBITDA margin improves to 19% reflecting improved sales mix, scale benefits and cost contr
Slide 8: Distributable Profits
Distributable Profits Year-on-Year Comparison Year to Mar-13 by Quarter * 27 14 FY09 FY10 FY11 FY12 FY13 2 (18) (82) (21) (133) Q1 Jun-12 Q2 Sep-12 Q3 Dec-12 Q4 Mar-13 (198) (304) Distributable Profit is defined in Company Articles as Net Profit for the Financial Year plus licence amortization for t
Slide 9: Capitalised Fixed Asset Additions
Capitalised Fixed Asset Additions Year-on-Year Comparison * 524 475 389 399 395 138 108 92 524 389 337 303 292 FY 09 FY 10 FY 11 FY 12 FY 13 Fixed 138 108 92 Mobile 389 524 337 292 303 Total FA Additions 389 524 475 399 395 Fixed Line Capital Intensity n/a 145% 51% 33% 26% Mobile • Mobile – invested
Slide 10: FY13 Full-Year CEO Review
FY13 Full-Year CEO Review Richard Daly Chief Executive Officer 10 FY13 Financial Results Presentation
Slide 11: A year of strong growth and of consolidating our market position
A year of strong growth and of consolidating our market position Qtel . Vodafone taking good share VFQContinued strong population growth Growth in revenue Launch of postpaid – accelerating growth in second half and market share Leadership in value Network coverage expansion and data speed / quality
Slide 12: Leadership in value based tariffs
Leadership in value based tariffs 12 FY13 Financial Results Presentation
Slide 13: Increasing network coverage and availability
Increasing network coverage and availability Network Availability 2G Coverage 3G Coverage 100% 99% 98% 97% 96% 95% 94% Apr-11 Jun-11 Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 % 2G Network Availability % 3G Network Availability Great Limited • 58 sites, 7% increase in netw
Slide 14: Al Safwa Centre
Al Safwa Centre 14 FY13 Financial Results Presentation
Slide 15: Connecting with our local customers
Connecting with our local customers http://www.youtube.com/watch?v=U_EaZX9vEmU 15 FY13 Financial Results Presentation
Slide 16: Share holding structure
Share holding structure Ownership Structure Share Price Performance 12.00 11.00 10.00 27% 10.00 9.50 23% 9.00 4% 8.00 51% 7.00 7.31 Qatari 22% 6.00 QF 73% Foreign Qatari Ownership 5.00 Apr-10 Jul-09 Oct-09 Jan-10 Jul-10 Oct-10 Jan-11 Apr-11 Apr-13 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 VF
Slide 17: Challenges and opportunities ahead
Challenges and opportunities ahead • Continued strong population and market growth • Entry into Enterprise and Fixed will drive further growth • 4G / LTE at the end of the year , when the market is ready • VOIP remains a threat • Qnbn partnership progressing • And introducing our new CEO Kyle Whiteh
Slide 18: Appendices
Appendices 18 FY13 Financial Results Presentation
Slide 19: Financial Summary
Financial Summary Financial Performance Year to Year to Year to Year to Year to Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 QRm QRm QRm QRm QRm Total Revenue 0 362 935 1,222 1,527 EBITDA (124) (225) (27) 144 284 Net Loss (133) (673) (601) (486) (401) Distributable Profit (133) (304) (197) (82) 2 Capitalised
Slide 20: Contact Details
Contact Details Khalid Barzak Steve Walters Head of Investor & Shareholder Relations Chief Financial Officer M +974 7777 5413 M +974 7777 5464 E khalid.barzak@vodafone.com E steve.walters01@vodafone.com Address: Vodafone Qatar PO BOX 27727 Doha, Qatar Website: www.vodafone.com.qa 20 FY13 Financial R