Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — Q2 2015 Earnings Presentation
13 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, August 2015
Slide 1: Q2 2015 Results
Q2 2015 Results Emirates Integrated Telecommunications Company PJSC August 2015
Slide 2: Q2 Financial Highlights
Q2 Financial Highlights EBITDA Net Profit before Net Profit after Mobile subscribers Total Revenue (AED M) (AED M) Royalty (AED M) Royalty (AED M) (000s) +3.1% -8.4% +2.2% +3.5% +2.7% 949 978 3,091 1,339 7,356 3,024 1,293 548 7,161 502 Q2 2014 Q2 2015 Q2 2014 Q2 2015 Q2 2014 Q2 2015 Q2 2014 Q2 2015
Slide 3: Progressive Dividend Payment
Progressive Dividend Payment Proposed dividend payment* AED per share Q2 2014 Q2 2015 Special Dividend - 0.10 Interim Dividend 0.12 0.13 Total 0.12 0.23 Sustained focus on creating shareholder value • Proposed return of AED 1.05 billion to shareholders, subject to OGM approval *An Ordinary General M
Slide 4: Market Overview
Market Overview Market share consolidation – emphasis on growing revenue share UAE Mobile Subscribers - Market share quarterly evolution UAE Telecom Market – Revenue share quarterly evolution 60.0% 80.0% 70.8% 54.5% 70.0% 55.0% 60.0% 50.0% 50.0% 45.0% 40.0% 45.5% 30.0% 40.0% 20.0% * du revenue share
Slide 5: Total Revenues
Total Revenues Healthy growth in fixed business and postpaid mobile Quarterly Revenue (AED M) Year to date revenue (AED M) +2.2% +2.7% 3,225 6,142 3,024 3,034 3,051 3,091 5,979 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 H1 2014 H1 2015 Quarterly Mobile Revenues (AED M) Quarterly Fixed Revenue (AED M) -
Slide 6: Revenue Drivers – Mobile
Revenue Drivers – Mobile Growth in mobile subscribers despite subscriber cleanup Mobile Subscribers Active 90 Days (‘000) Quarterly Mobile ARPU (AED) +2.7% -4.1% 7,513 7,485 7,343 7,356 98 7,161 97 96 95 93 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Quarterly Fix
Slide 7: Revenue Drivers – Mobile Data
Revenue Drivers – Mobile Data Data revenues continue to grow steadily Quarterly Mobile Data Revenues (AED M) Year to Date Mobile Data Revenues (AED M) +4.9% +9.4% 1,000 35.0% 2,000 40.0% 759 35.0% 686 688 716 719 1,435 750 1,312 30.0% 31.2% 30.0% 25.0% 30.7% 31.1% 500 29.4% 29.4% 1,000 20.0% 31.0% 1
Slide 8: EBITDA
EBITDA Increased profitability from EBITDA Year to Date EBITDA (AED M) Quarterly EBITDA (AED M) +3.6% 43.3% +6.5% 1,360 44.0% 42.8% 1,339 42.3% 42.6% 2,800 60.0% 1,340 43.0% 2,638 2,600 2,477 55.0% 1,320 42.0% 2,400 50.0% 1,299 41.0% 1,300 1,293 1,284 39.4% 2,200 45.0% 40.0% 2,000 1,280 1,269 42.9%
Slide 9: Profitability
Profitability Net Profit before Royalty Quarterly Net Profit before Royalty (AED M) Year to date Net Profit before Royalty (AED M) 1,000 +3.1% 40.0% +4.9% 972 978 980 4,000 60.0% 35.0% 1,814 1,903 50.0% 960 949 3,000 925 40.0% 940 32.0% 916 31.7% 30.0% 31.4% 2,000 30.0% 920 30.3% 31.0% 30.3% 20.0% 2
Slide 10: Net Profit after Royalty
Net Profit after Royalty Increasing royalty rates – Effective royalty increasing from 42.2% to 48.7% Quarterly Net Profit after Royalty (AED M) Quarterly Royalty Compared (AED M) -8.4% -18.7% 600 500 48.7% 55.0% 548 24.0% 47.3% 559 480 50.0% 22.0% 44.4% 550 460 42.2% 42.2% 45.0% 513 502 20.0% 476 44
Slide 11: Capital Investments
Capital Investments Substantial investments to provide enhanced network experience to users Quarterly CapEx Additions (AED M) Year to date CapEx Additions (AED M) 500 +5.8% 20.0% 760 450 429 18.0% 405 400 16.0% 350 14.0% 493 300 12.0% 250 7.0% 10.0% 289 6.8% 200 8.0% 207 221 150 6.0% 100 4.0% 50 2.0
Slide 12: Free cash flow
Free cash flow Quarterly Free Cash Flow (AED M) Year to date Free Cash Flow (AED M) 1,125 922 867 141 99 (343) (768) Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 H1 2014 H1 2015 • Royalty paid in Q2 2015 of AED 1.6 billion in comparison with AED 1.1 billion in Q2 2014 Free cash flow is defined as cash fr
Slide 13: Disclaimer
Disclaimer • Emirates Integrated Telecommunications Company PJSC (hereafter ”du”) is a telecommunication services provider in the UAE. • du cautions investors that certain statements contained within this document state management’s intentions, hopes, beliefs, expectations or predictions of the futu
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