Mobile Telecommunications Company K.S.C.P · KSE:ZAIN
Mobile Telecommunications Company K.S.C.P — Zain — 9M 2011 Earnings Presentation
26 slides from Mobile Telecommunications Company K.S.C.P's earnings presentation, 2011
Slide 1: Investor Presentation 9 Months 2011
Investor Presentation 9 Months 2011 A wonderful world
Slide 2: Disclaimer
Zain Disclaimer Certain expectations and projections regarding future performance of the company referenced in this presentation may be “forward-looking” statements within the meaning of applicable securities laws and regulations. These are statements which the management believes are true at the ti
Slide 3: To Consolidate its Position in the Middle East
To Consolidate its Position in the Middle East Who we are now • Zain is an emerging telecoms player operating in 8 countries in the Middle East, serving over 41.4 million active customers • The company is the leading mobile telecom operator in 6 of its markets • Revenues: US$ 3.58 billion; EBITDA: U
Slide 4: Zain's Historical Growth
Zain’s Historical Growth From a National Player to an Emerging Markets Leader * MTC Atheer & Iraqna jointly operate under the Zain brand 4 | Zain | IR Presentation 9 Months – 2011
Slide 5: Zain Group's Footprint
Zain Group’s Footprint 5 | Zain | IR Presentation 9 Months – 2011 % reflects ownership
Slide 6: Zain's Key Performance Indicators
Zain’s Key Performance Indicators *Net Profit excluding capital gain of KD770.4 million (USD2,653 million) from the sale of Zain Africa 6 | Zain | IR Presentation 9 Months – 2011
Slide 7: Penetration Rates
Penetration Rates 221% 7 | Zain | IR Presentation 9 Months – 2011 Source: Informa
Slide 8: Top 10 Companies in Middle East
Top 10 Companies in Middle East Market Cap (Billion) Company Market Cap $b 1 Saudi Basic Industries Corp 74.4 2 Alrajhi Bank & Investment Corp 27.1 3 Qatar National Bank 25.9 4 Etisalat 21.0 5 Qatar Industries 19.9 6 Saudi Telecom Co (STC) 17.7 7 Ezdan Real Estate 16.3 8 NBK 16.0 9 Saudi Electricity
Slide 9: Top Telecom Companies in Middle East & Africa
Top Telecom Companies in Middle East & Africa Market Cap (Billion) Company Market Cap $b 1 MTN 31.3 2 Emirates Telecom (Etisalat) 21.0 4 Saudi Telecom Co (STC) 17.7 3 Vodacom 15.7 5 Maroc Telecom 14.6 6 ZAIN 14.3 7 Millicom 10.2 8 Etihad Etisalat (Mobily) 9.4 9 Qatar Telecom (Qtel) 7.1 10 Wataniya T
Slide 10: Zain's Mobile Operations
Zain’s Mobile Operations 9 | Zain Limited © |
Slide 11: Zain Group Country Breakdown 9 Months 2011
Zain Group Country Breakdown 9 Months-2011 Zain Group Customers Zain Group Revenues 11 | Zain | IR Presentation 9 Months – 2011
Slide 12: Zain Group Customer Growth 9 Months 2011 vs. 9 Months 2010
Zain Group Customer Growth 9 Months 2011 vs. 9 Months 2010 Bahrain -25% Iraq 5% Jordan 8% Kuwait 10% Lebanon 16% Group Customer Growth: +17% Sudan 23% KSA 36% 156 12 | Zain | IR Presentation 9 Months – 2011
Slide 13: Blended ARPUs
Blended ARPUs September 30, 2011 US$ 13 | Zain | IR Presentation 9 Months – 2011 Note: Lebanon’s ARPU not included due to Management Contract
Slide 14: EBITDA Margins 9 Months 2011
EBITDA Margins 9 Months-2011 Q3-2011 Q3-2010 Group EBITDA Margin: 45% 14 | Zain | IR Presentation 9 Months – 2011
Slide 15: Kuwait
. Kuwait Contribution to Group total - Population: 2.5% Customers: 5% Revenues: 26% - Customer YoY Growth: 10% • Zain Kuwait, the Group’s flagship stayed ahead of its competitors and was able to maintain its leading position with a 42% customer market share. • The launch of new iPhone packages and o
Slide 16: Sudan
Sudan Contribution to Group total - Population: 37% Customers: 29% Revenues: 23% - Customer YoY Growth: 23% • Zain entered Sudan through its 2005 acquisition of Celtel which had a minority 31% stake in Mobitel, Sudan’s first mobile operator. In February 2006, the remaining 61% was fully acquired by
Slide 17: Iraq
Iraq Contribution to Group total - Population: 27% Customers: 30% Revenues: 34% - Customer YoY Growth: 5% • After acquiring a 15-year nationwide license for US$ 1.25 billion in August 2007 and its acquisition of a rival operator Iraqna for US$1.2 billion in December 2007, Zain became the largest mob
Slide 18: Jordan
Jordan Contribution to Group Total - Population: 5.5% Customers: 7% Revenues: 11% Customer YoY Growth: 8% • In January 2003, Zain Jordan was the Group’s first acquired operation for a value of US$ 418.9 million. • Despite the heightening of price competition and the pressure on lowering voice prices
Slide 19: Bahrain
Bahrain Contribution to Group Total - Population: 1% Customers: 1% Revenues: 4% - Customer YoY Growth: (14%) • A Greenfield operation, Zain Bahrain launched its commercial services in December 2003. • Bahrain has the highest mobile penetration in the GCC region with 221%. • Despite the entrant of th
Slide 20: Kingdom of Saudi Arabia
Kingdom of Saudi Arabia Contribution to Group Total - Population: 23% Customers: 24% - Customer YoY Growth: 36% • Zain KSA launched commercial services in late August 2008, a year after it was rewarded its mobile license. • The operation’s customer base represented 24% of Zain Group’s customer base,
Slide 21: Lebanon
Lebanon Contribution to Group Total - Population: 4% Customers: 4% Revenues: 2% - Customer YoY Growth: 16% • Zain operates in Lebanon under a management contract since June 2004, when it was rebranded to mtc-touch. The Network Management Agreement (NMA) which had expired January 2011, was further re
Slide 22: Financial Performance: Financial Statements
Financial Performance Financial Statements 22 | Zain | IR Presentation H1-2010
Slide 23: Balance Sheet
Balance Sheet Unaudited Audited Unaudited Unaudited Audited Unaudited 30 31 30 30 31 30 Liabilities and Equity September December September September December September 2011 2010 2010 2011 2010 2010 Current liabilities Assets KD ‘000 Trade and other payables 570,730 593,221 587,900 Current assets Du
Slide 24: Income Statement
Income Statement Three months ended Nine months ended 30 September 30 September 2011 2010 2011 2010 (Restated (Restated ) ) KD’000 KD’000 Continuing operations Revenue 328,669 337,243 988,109 1,009,816 Cost of sales (89,264) (89,092) (266,363) (267,434) Gross profit 239,405 248,151 721,746 742,382 D
Slide 25: Cash Flow Statement
Cash Flow Statement Three months Nine months ended ended 30 September 30 September 2011 2010 2011 2010 KD’000 KD’000 Profit for the period 78,491 89,509 233,489 990,752 Other comprehensive income On continuing operations: Exchange differences on translating foreign operations 19,239 (48,001) (81,461
Slide 26: Thank you
Thank you For more information please contact Investor Relation Team at: investor.relations@zain.com A wonderful world