Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — Q3 2024 Earnings Presentation
22 slides from Vodafone Qatar Qsc's earnings presentation, Oct 24, 2024
Slide 1: Vodafone Qatar Investor Presentation: Financial Performance, Nine months ended 30 September 2024
Vodafone Qatar P.Q.S.C. Investor Presentation Financial Performance: Nine months ended 30 September 2024 C2 General
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
Slide 3: Performance Highlights
Performance Highlights Hamad Al-Thani Chief Executive Officer
Slide 4: Key Messages
Key Messages Robust Financial Yielding results despite Series of Innovative Planning for the Results in FY24 Q3 YTD market challenges Launches Future • FY24 Q3 YTD Revenue QR • Market value remained stable • Instant SIM • Diversification is on track 2,387m (+3.9% Y/Y) Y/Y E2E digital self-activation
Slide 5: New Launches: Wide range of Products and CX Upgrades in a Single Quarter
New Launches ⋮ Wide range of Products and CX Upgrades in a Single Quarter Telecom Features Value Added Services Channel/Distribution iPass provides exclusive experiences First time in the world with our Exclusive Unlimited Social and deals in five categories for our new Instant SIM that you can Medi
Slide 6: Financial Performance
Financial Performance Masroor Anjum Chief Financial Officer
Slide 7: Key Highlights: Nine months ended September 2024
Key Highlights ⋮ Nine months ended 30 September 2024 Revenue growth Focus on cost Continuing Robust underlying continues efficiency profitability growth in cash growth flows • Total revenue expanded • OPEX intensity further • EBITDA crossed QR 1 • 20% underlying increase in by 3.9% reduced to 23.3%
Slide 8: FY24 Q3 YTD Year on Year: Persistent Topline and Profitability Growth
FY24 Q3 YTD Year on Year ⋮ Persistent Topline and Profitability Growth Revenue Expenses EBITDA Net Profit +3.9% +2.1% +6.4% +11.5% • Total revenue grew QR 89m (+3.9%) 2,387 1,348 1,376 1,011 437 driven by growth across mobility and 2,298 278 2.8% 950 392 fixed coupled with higher handset sales 248 •
Slide 9: FY24 Q3 Year on Year: Growth momentum continues
FY24 Q3 Year on Year ⋮ Growth momentum continues Revenue Expenses EBITDA Net Profit +7.3% +7.2% +7.3% +8.8% • Service revenue grew 2.8% YoY driven by 802 463 339 144 growth across all segments – prepaid, 747 107 431 316 132 postpaid and fixed 2.8% 71 • Higher equipment revenue YoY mainly driven by p
Slide 10: Service Revenue: Continuous growth across all segments
Service Revenue ⋮ Continuous growth across all segments Postpaid Prepaid Managed services, wholesale & Fixed Total service revenue +0.8% +6.2% +2.8% +2.0% 965 972 979 434 737 2,109 425 2,051 694 400 392 847 384 1,862 797 1,630 1,500 462 383 278 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20
Slide 11: Margin Trends: Enhancing cost efficiency and profitability margins
Margin Trends ⋮ Enhancing cost efficiency and profitability margins Reported Margin Underlying margin** +0.95 ppts OPEX EBITDA Net Profit Intensity* Margin +1.6ppts Margin 18.3% 46.7% 17.4% 28.6% 45.2% 45.1% 16.4% 43.8% +1.0ppts 42.3% 13.0% 41.3% 39.4% 40.8% 40.2% 24.5% 24.0% 8.4% 23.7% 36.7% 23.3%
Slide 12: Capital Expenditure: Investments driving profitable growth
Capital Expenditure ⋮ Investments driving profitable growth Capital expenditure (CAPEX) Return on capital employed (ROCE*) +7.1 ppts +0.68 ppts 18.7% 21.5% 16.1% 17.7% 11.3% 7.4% 660 10.7% 9.8% 194 550 411 408 260 6.7% 222 182 465 178 290 189 226 4.2% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY2
Slide 13: FY24 Q3 YTD Year on Year: Driving robust cash flows
FY24 Q3 YTD Year on Year ⋮ Driving robust cash flows Operating Cash flow* Net Debt Net Debt to EBITDA ** -31.3% -0.13x 483 499 0.38x 453 +20.0% •1 Underlying operating cash flow increased 106 20% reflecting strong collections and working capital optimization initiatives 343 0.25x •2 Despite higher d
Slide 14: FY24 Q3 YTD Year on Year: Statutory results summary
FY24 Q3 YTD Year on Year ⋮ Statutory results summary 30 Sep 24 30 Sep 23 YoY QR millions (unless otherwise stated) • Total revenue grew QR 89m (+3.9%) driven Consumer revenue 1,219 1,187 32 by growth across mobility and fixed Enterprise, equipment and other revenues 1,168 1,111 56 coupled with hands
Slide 15: Key Financial Performance Indicators
Key Financial Performance Indicators Service Revenue Total Revenue EBITDA Net Profit 437 1,011 2,150 2,109 440 2,387 2,100 2,051 2,400 CAGR 1,000 CAGR 420 CAGR 392 CAGR +10.3% 2,298 +14.3% 950 400 2,050 +8.9% 2,350 +36.3% 2,300 950 380 2,000 2,250 360 1,950 2,200 2,176 900 879 334 340 1,900 1,862 2,
Slide 16: FY24 Guidance
FY24 Guidance FY23 FY24 Financial KPIs Results Guidance Total revenue QR 3,111m + YoY % EBITDA Margin 41.3% + 0.5 to 1 ppts Earnings Per Share (EPS) 0.128 + 8% - 12% CAPEX intensity 17.7% 12% - 14% FY24 Q3 YTD Financial Performance C2 General 24 October 2024 16
Slide 17: Q&A
Q&A
Slide 18: For more information visit our website
For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.qa
Slide 19: Consolidated Statement of Income
Consolidated Statement of Income Nine months ended QR m (unless otherwise stated) 30 Sep 24 30 Sep 23 YoY Consumer revenue 1,219 1,187 32 Enterprise, equipment and other revenues 1,168 1,111 56 • Total revenue grew QR 89m (+3.9%) driven by Total revenue 2,387 2,298 89 growth across mobility and fixe
Slide 20: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position QR m (unless otherwise stated) 30 Sep 24 31 Dec 23 Var Assets Property, plant and equipment 1,826 1,934 (109) Intangible assets 3,917 4,037 (120) • Property, plant & equipment and intangible assets decreased by Right-of-use assets 376 429 (52) QR 229m due
Slide 21: Mobility ARPU
Mobility ARPU Postpaid Prepaid Total Mobility +3.9% +3.5% +4.5% 191.3 193.3 195.2 28.9 28.8 72.1 73.2 72.7 187.8 190.7 28.2 27.9 70.3 71.5 26.7 FY23 Q3 FY23 Q4 FY24 Q1 FY24 Q2 FY24 Q3 FY23 Q3 FY23 Q4 FY24 Q1 FY24 Q2 FY24 Q3 FY23 Q3 FY23 Q4 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q3 YTD Financial Performance AR
Slide 22: Mobility Subscribers
Mobility Subscribers Postpaid Prepaid Total Mobility -0.3% -0.4% -0.4% 566 567 569 1,582 2,149 2,114 1,531 1,545 1,517 1,511 2,097 2,075 2,067 557 556 FY23 Q3 FY23 Q4 FY24 Q1 FY24 Q2 FY24 Q3 FY23 Q3 FY23 Q4 FY24 Q1 FY24 Q2 FY24 Q3 FY23 Q3 FY23 Q4 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q3 YTD Financial Perform
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