Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Q1 FY2012 Earnings Presentation
23 slides from Vodafone Qatar Qsc's earnings presentation, Jun 30, 2011
Slide 1: Vodafone Qatar Q1 Financial Results Presentation
Q1 FY12 Results Presentation | 30 June 2011 Vodafone Qatar Q.S.C. Q1 Financial Results Presentation Quarter ended 30 June 2011 Confidentiality level on slide master Version number on slide master
Slide 2: Disclaimer
2 Q1 FY12 Results Presentation | 30 June 2011 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 o
Slide 3: Our Purpose Based Organisation is:
3 Q1 FY12 Results Presentation | 30 June 2011 Our Purpose Based Organisation is: Confidentiality level on slide master Version number on slide master
Slide 4: Priorities for the Year
4 Q1 FY12 Results Presentation | 30 June 2011 Priorities for the Year • Qatarisation • Mobile network growth • Differentiation of products and services • Implementation of consumer postpay • Launch of Fixed Line services • Expansion of Vodafone Money Transfer • Launch of Number Portability (mobile &
Slide 5: Key Highlights
5 Q1 FY12 Results Presentation | 30 June 2011 Key Highlights • 761,000 Mobile Customers at 30 June 2011 Customer Numbers • Mobile Customers grew 43% over the year • 26.8% Mobile Customer Market Share at 30 June Market Share • 23.4% Mobile Revenue Market Share for the June quarter • Total Revenue inc
Slide 6: Mobile Customer Growth
6 Q1 FY12 Results Presentation | 30 June 2011 Mobile Customer Growth Year-on-Year Growth in Mobile Customers & Mobile Customer Market Share 900,000 26.8%* 28% 800,000 761,000 Quarterly Customer Market Share Quarterly Customer Numbers 23% 700,000 19.9% 600,000 534,000 18% 500,000 13% 400,000 300,000
Slide 7: Total Revenue (Fixed Line & Mobile)
7 Q1 FY12 Results Presentation | 30 June 2011 Total Revenue (Fixed Line & Mobile) Year-on-Year Total Revenue Comparison 350 23.4%* 25% 300 291 Mobile Revenue Market Share 20% 250 15.9% QAR (millions) 200 15% 176 150 10% 100 5% 50 3 - 0% Q1 Jun-09 Q1 Jun-10 Q1 Jun-11 * estimated; Qtel’s H1 results re
Slide 8: Total Mobile ARPU
8 Q1 FY12 Results Presentation | 30 June 2011 Total Mobile ARPU Year-on-Year Total Mobile ARPU 120 116 Quarterly ARPU (QAR) 115 110 104 105 100 95 Jun-10 Jun-11 • 11% growth in ARPU year-on-year Confidentiality level on slide master Version number on slide master
Slide 9: EBITDA
9 Q1 FY12 Results Presentation | 30 June 2011 EBITDA Year-on-Year EBITDA Comparison 40 31 20 - QAR (millions) -9 -20 -40 -60 -80 -73 Q1 Jun-09 Q1 Jun-10 Q1 Jun-11 Confidentiality level on slide master Version number on slide master
Slide 10: Distributable Profits
10 Q1 FY12 Results Presentation | 30 June 2011 Distributable Profits Year-on-Year Distributable Profits Comparison 10 -10 QAR (millions) -30 -21 -50 -47 -70 -90 -110 -91 Q1 Jun-09 Q1 Jun-10 Q1 Jun-11 • 55% improvement in Quarterly Distributable Profits year-on-year • This is the measure on which div
Slide 11: Net Loss
11 Q1 FY12 Results Presentation | 30 June 2011 Net Loss Year-on-Year Net Loss Comparison - - -20 -20 -40 -40 -60 -60 -80 -80 -100 -100 -120 -120 -140 -122 -160 -140 -148 -152 -180 -160 Q1 Jun-09 Q1 Jun-10 Q1 Jun-11 Amortisation • 17% improvement in Quarterly Net Loss year-on-year • Quarterly Amortis
Slide 12: Capitalised Fixed Asset Additions (Fixed Line & Mobile)
12 Q1 FY12 Results Presentation | 30 June 2011 Capitalised Fixed Asset Additions (Fixed Line & Mobile) Full Year Capex spend Capital Expenditure from FY09-FY12 QR 1.52bn Mobile capex QR 0.26bn Fixed line capex Year 1 Year 2 Year 3 600 QR 1.78bn Total capex over 4 years 524 QR 7.72bn Cost of mobile l
Slide 13: Net Debt
13 Q1 FY12 Results Presentation | 30 June 2011 Net Debt Borrowings less Term Deposits 400 269 300 200 100 QAR (millions) - -100 -200 -300 -400 -360 -500 -600 -700 -633 Q1 Jun-09 Q1 Jun-10 Q1 Jun-11 • We have a borrowing facility of US$ 330m (QAR 1.2 billion) comprising: • US$110m (QAR 400m) at 1mth
Slide 14: Dividends
14 Q1 FY12 Results Presentation | 30 June 2011 Dividends IPO Prospectus “Based on the Business Plan, in particular the Company’s projected cash flow and profit before amortisation, the Company does not anticipate that it will declare a dividend before the financial results for the year ended 31 Marc
Slide 15: Outlook for September Quarter
15 Q1 FY12 Results Presentation | 30 June 2011 Outlook for September Quarter • Delivering greater breadth of products & services to the market • Continue to focus on our customers to ensure they have the best experience in the market • Further expansion to the mobile network • Increasing the number
Slide 16: Future Guidance
16 Q1 FY12 Results Presentation | 30 June 2011 Future Guidance FY11 Actual FY12 Target FY16 Target Total Revenue QR 935m QR 1.1bn QR 2.6bn Mobile Revenue Market Share 23% 27% 40% Fixed Revenue Market Share 0.1% 0.4% 22% EBITDA QR (27.1)m QR 120m QR 920m Capital Expenditure QR 475m QR 390m QR 290m Di
Slide 17: Contact Details
17 Q1 FY12 Results Presentation | 30 June 2011 Contact Details Rachael Mayo-Smith John Tombleson Head of Investor Relations Acting CEO M +974 7777 5642 M +974 7777 5835 E rachael.mayo-smith@vodafone.com E john.tombleson@vodafone.com Khalid Barzak Wade Kirkland Investor Relations Manager Acting CFO M
Slide 18: Appendices
18 Q1 FY12 Results Presentation | 30 June 2011 Appendices Confidentiality level on slide master Version number on slide master
Slide 19: Condensed Statement of Income – Quarter ended 30 June 2011
19 Q1 FY12 Results Presentation | 30 June 2011 Condensed Statement of Income – Quarter ended 30 June 2011 Three month Three month period ended period ended June 30, 2011 June 30, 2010 (Unaudited) (Unaudited) QAR ‘000 QAR ‘000 Revenue 290,633 175,777 Direct costs (132,804) (81,620) Other expenses (12
Slide 20: Condensed Statement of Financial Position – as at 30 June 2011
20 Q1 FY12 Results Presentation | 30 June 2011 Condensed Statement of Financial Position – as at 30 June 2011 30 June 2011 31 March 2011 30 June 2011 31 March 2011 (Unaudited) (Audited) (Unaudited) (Audited) QAR ‘000 QAR ‘000 QAR ‘000 QAR ‘000 Non-current assets Equity Property, plant and equipment
Slide 21: Financial Highlights
21 Q1 FY12 Results Presentation | 30 June 2011 Financial Highlights Financial Performance Q1 FY10 Q1 FY11 Q1 FY12 Jun-09 Jun-10 Jun-11 QARm QARm QARm Total Revenue (Fixed & Mobile) 3.1 175.8 290.6 EBITDA (Fixed & Mobile) (73.1) (8.8) 30.9 Net Loss (Fixed & Mobile) (152.3) (148.1) (122.3) 1 Operating
Slide 22: Fixed Line Rollout Plan
22 Q1 FY12 Results Presentation | 30 June 2011 Fixed Line Rollout Plan VFQ is proceeding with plans to: • Turn on converged fixed & mobile core switch • Lay fibre from QSTP data centre to its international cable landing station near Al Khor • Landing station is finished. Administrative approvals req
Slide 23: Vodafone Qatar Shareholder Structure
23 Q1 FY12 Results Presentation | 30 June 2011 Vodafone Qatar Shareholder Structure Private institution of public Global Utility founded by Telecommunications HH Sheikh Hamad Bin Khalifa leader Al-Thani 51% 49% Founding Vodafone and Qatari Governmental Free float on Qatar Foundation Institutional Qa
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