Mtn Group Limited · JSE:MTN
Mtn — Q1 2025 Earnings Presentation
16 slides from Mtn's earnings presentation, May 2025
Slide 1: MTN Group Quarterly update for the period ended 31 March 2025
MTN Group Quarterly update for the period ended 31 March 2025 Leading digital solutions for Africa’s progress
Slide 2: Disclaimer
Disclaimer The information contained in this document (presentation) has not been verified independently. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained
Slide 3: Agenda
Agenda 01 | Operational overview 02 | Financial overview 03 | Conclusion 3
Slide 4: Operational overview
01 Operational overview Ralph Mupita Group President and CEO 4
Slide 5: Key messages
Operational overview Financial overview Conclusion Key messages 1 Encouraging acceleration in operational momentum 2 Service revenue +19.8%* | Strong growth in MTN Nigeria and MTN Ghana 3 Fintech sustained robust performance, in line with medium-term guidance 4 Pleasing expansion in Group EBITDA mar
Slide 6: Operational highlights | strong commercial momentum
Operational overview Financial overview Conclusion Operational highlights | strong commercial momentum Service revenue +19.8%* | Data revenue +28.7%* | Fintech revenue +25.2%* Subscribers (m) Active data subscribers (m) Data traffic (PB) 4.7% YoY 9.1% YoY 30.2% YoY 296.8 5 677 161.6 4 360 283.5 148.
Slide 7: Strategic initiatives and partnerships | accelerating digital inclusion
Operational overview Financial overview Conclusion Strategic initiatives and partnerships | accelerating digital inclusion Network sharing LEO partnerships Fintech structural separation • Network cost efficiencies • Efficient expansion of consumer and • Focus on Ghana, Uganda and Nigeria enterprise
Slide 8: Financial overview
03 Financial overview Tsholofelo Molefe Group CFO 8
Slide 9: Financial highlights | Group service revenue and EBITDA margin
Operational overview Financial overview Conclusion Financial highlights | Group service revenue and EBITDA margin Strong topline performance, +19.8%* | Driven by data and fintech growth Constant currency Service revenue (R’bn) Data revenue (R’bn) Fintech revenue (R’bn) EBITDA margin 19.8% YoY 28.7%
Slide 10: Financial highlights | MTN SA and MTN Nigeria
Operational overview Financial overview Conclusion Financial highlights | MTN SA and MTN Nigeria MTN SA continued to navigate competitive pressures | Acceleration in MTN Nigeria performance Constant currency MTN SA MTN Nigeria Service revenue (R’bn) EBITDA margin Service revenue (R’bn) EBITDA margin
Slide 11: Financial highlights | Markets portfolio
Operational overview Financial overview Conclusion Financial highlights | Markets portfolio Markets portfolio delivered robust overall results, with strong growth from MTN Uganda and MTN Ghana Constant currency SEA MTN Uganda WECA MTN Ghana Service revenue (R’bn) Service revenue (R’bn) Service reven
Slide 12: Financial highlights | healthy financial profile
Operational overview Financial overview Conclusion Financial highlights | healthy financial profile Continued network investments within intensity target | Healthy leverage ratios | R1.9bn upstreamed from Opcos Capex (ex-leases) Group Net debt/EBITDA R(bn) Capex intensity 7.5 0.7x 15.2% 5.4 0.5x 11.
Slide 13: Conclusion
03 Conclusion Ralph Mupita Group President and CEO 13
Slide 14: FY 2025 priorities
Operational overview Financial review Conclusion FY 2025 priorities Focus on continued operational and strategic execution Sustain Accelerate Drive expense and Strengthen operational momentum fintech strategy capital efficiencies balance sheet • Accelerate MTN SA growth • Fintech ecosystem growth, •
Slide 15: Medium-term guidance maintained
Operational overview Financial review Conclusion Medium-term guidance maintained KPI Target MTN Nigeria FY 25 Group: ‘at least mid-teens’ guidance South Africa: ‘mid-single-digit’ Service revenue growth Nigeria: ‘at least 20%’ • ‘at least mid-40%’ service revenue growth Fintech: ‘high-20% to low-30%
Slide 16: Thank you
Thank you Contact: Thato Motlanthe Group executive – Investor Relations Investor.relations@mtn.com 16