Ooredoo Q.p.s.c · QSE:ORDS
Ooredoo Q.p.s.c — Ooredoo — Investor Day (September 2016)
12 slides from Ooredoo Q.p.s.c's investor day presentation, Sep 26, 2016
Slide 1: Ooredoo Group Capital Markets Day 2016
Ooredoo Group Capital Markets Day 2016 Group CFO – Ajay Bahri 26 Sept 2016 Doha, Qatar
Slide 2: Group Results 2016 1H Highlights
Group Results 2016 1H Highlights Global customer Customer base increased by 14% to 130m; driven by strong growth in Indonesia and Myanmar base expanded Revenue at QAR 16Bn: local currency growth in Qatar, Oman, Indonesia, Myanmar, Algeria, Solid Kuwait, Palestine and Maldives. performance Grou
Slide 3: Successful group performance
Successful group performance Customers Revenues EBITDA and Net profit attributable (‘000) (QAR m) EBITDA margin to Ooredoo (QAR m, % of Revenue ) Shareholders +14% - 3% - 1% (QAR m) 130,424 -6% +21% 16,504 0% 16,042 15,914 6,870 1,704 +46% 113,913 6,456 6,478 1,462 +2% excl. 94,331 FX impact +3% exc
Slide 4: Group Results 2016 1H Performance Summary
Group Results 2016 1H Performance Summary % Change 2016 Annual (Results in QAR Bn) 1H 2016 1H 2016 / 1H 2015 Guidance Consolidated Revenue 15.9 -1% -1% to +2% EBITDA 6.4 0% -3% to 0% Capital Expenditure 2.4 -37% 6.5Bn to 7.5Bn 1H results in line with guidance given for 2016 Ooredoo Capital Markets D
Slide 5: Efficient Models: An integral part of our strategy
Efficient Models : An integral part of our strategy • Previous cost saving target from 2013 (USD 550M) achieved • 2015 new AT Kearney OpCo benchmarking exercise identified an addressable gap of USD 390m with USD 125m target for 2016 Cost CAPEX • Ooredoo Group and OpCos identified specific initiative
Slide 6: Group June cost optimization: 63% favorable vs. YTD target
Group June cost optimization: 63% favorable vs. YTD target EBITDA margin 3% favorable Group Cost Savings USD m Group EBITDA Margin 125 41% 40% 38% +3% 101.7 62.5 +63% 2016 Target YTD Target YTD Reported 2016 Annual YTD Target YTD Reported Savings Savings Target => Cost Optimization on track for all
Slide 7: Capital expenditures: Network modernization mainly complete
Capital expenditures: Network modernization mainly complete Total Group CAPEX (QAR m) and CAPEX/Revenue (%) +27% +4% -10% 9,298 8,391 8,762 7,316 2,411 27.0% 25.0% 27.0% 21.7% 15.0% FY'12 FY'13 FY'14 FY'15 H1'16 H2 CAPEX will accelerate due to project phasing FY 2016 Guidance remains unchanged at QA
Slide 8: Technology initiatives across Ooredoo Group 2016
Technology initiatives across Ooredoo Group 2016 Ooredoo - Kuwait Ooredoo - Oman Indosat Ooredoo - Indonesia Asiacell - Iraq 4G LTE Advanced 4G LTE Expansion 4G LTE Launched 3G UMTS Launched launched 4G LTE-A Launched RAN Sharing discussions underway RAN Sharing Converged Fixed NW
Slide 9: Long-term debt profile further improved
Long-term debt profile further improved… Debt Profile – Ooredoo Q.S.C. Level In USD m 1,800 Loans Bonds Sukuk 1600 1,600 1,400 1250 1,200 1000 1000 1000 1000 1,000 750 800 650 600 500 500 500 400 200 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2028 2043 Total Loans USD 2,650m Total Bond
Slide 10: Key financial risk management issues are addressed
Key financial risk management issues are addressed… Debt refinancing / liquidity risk / rating No imminent refinancing requirements until Dec 2018 Current cash levels adequate, smooth long term debt profile. Investment grade credit rating maintained Moody’s “A2”, outlook: stable; S&P “A-”, o
Slide 11: FX transactional risks are mitigated to extent practical
…FX transactional risks are mitigated to extent practical ...via funding in local currency at OpCos • Medium term transformation of USD/IDR debt mix completed Indonesia • More than 85% local currency debt achieved • Over the last 2 years, IDR 10t of new local currency bonds issued Tunisia • 100% loc
Slide 12: Thank you
Thank you ًشكرا ً جزيل Website: ooredoo.com Follow us Email: IR@ooredoo.com Twitter: @OoredooIR