Etihad Etisalat Co. · TADAWUL:7020
Etihad Etisalat — FY2024 Earnings Presentation
20 slides from Etihad Etisalat's earnings presentation, 2024
Slide 1: Earnings Presentation
Classification: Mobily TOP SECRET Earnings Presentation TOP SECRET
Slide 2: Disclaimer
Disclaimer This document has been prepared by Mobily (the “Company”) solely for presentation purposes. The information contained in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairne
Slide 3: Agenda
Saudi Regulatory and Telecom Environment 06 Financial Performance Highlights 01 Saudi Regulatory and Telecom Environment Financial Performance Highlights 06 FY-24 in Review 07 Key Financial Highlights 02 FY-24 in Review 07 Key Financial Highlights 03 Strategy 2023+ 08 Future Outlook 03 Strategy 2023
Slide 4: Saudi Regulatory and Telecom Environment
1.7% 1.9% KSA median download speeds2 1.5% 1.6% 1.5% KSA annual inflation 1 1.9% 129.16 Mbps 120.41 Mbps Mobile Fixed broadband 31-Dec-23 31-Mar-24 30-June-24 30-Sep-24 31-Dec-24 Mobily achieved a strong speed in KSA for Q4-24 Mobily achieved the lowest latency in KSA for Q1-233 3M SAIBOR 6M SAIBOR
Slide 5: FY-24 in Review
FEB 4: Mobily Business is the “Digital Partner” in DEC 10: Mobily won the World Defense Show 2024 Best Wholesale Company in the Middle FEB 7: Mobily signed an interconnection East agreement with China Mobile APR 29: Mobily won 3 International Limited at the Capacity customer experience DEC 12: Mobil
Slide 6: Evolve into the TMT company of the future
Expand 5G rollout and Increase market share network coverage Evolve into the Ensure commitment to Achieve total TMT company of achieve ESG performance experience leadership excellence the future Transform the business to Repositioning to be a address new opportunities leader in new trends in the TMT
Slide 7: Capture the largest share of consumer revenue growth
o 4.6% growth in the Consumer revenues Capture the largest o 3.9% growth in mobile subscribers share of consumer o Recognized as the fastest growing telecommunications brand in the region revenue growth o Won the CST Customer Experience Award for the 3rd consecutive year o Mobily Pay excelled beyond
Slide 8: Business, Consumer, Wholesale and Carrier services
Business Consumer Wholesale and Carrier services ▪ Supported Saudi Arabia's giga ▪ Expanded 5G Fixed Wireless ▪ Signed multiple MoUs, including projects with advanced IT Access (FWA) and FTTH China Telecom Middle East, to networks and sustainable services by migrating to partner in offering integrat
Slide 9: Key Financial Highlights
Revenues Net Income EBITDA CAPEX SAR 18,206 SAR 3,107 SAR 7,195 SAR 2,578 Strong achievements in our financial KPI’s: ▪ Generated strong revenue growth, fueled by contributions from all revenue streams ▪ Maintained robust EBITDA level, with a market-leading EBITDA margin ▪ Delivered substantial net
Slide 10: Revenues and EBITDA and EBITDA Margin
Revenues EBITDA and EBITDA Margin (In SAR Million) (In SAR Million) +8.6% +8.6% 18,206 7,195 16,763 6,625 14,834 15,717 6,179 5,581 11,590 11,081 10,895 10,776 39.5% 39.5% 37.6% 39.3% 3,613 4,328 2,581 2,985 1,243 234 1,494 343 1,660 409 1,875 413 2021 2022 2023 2024 2021 2022 2023 2024 Consumer Bus
Slide 11: Mobile Subscribers and FTTH Subscribers
Mobile Subscribers FTTH Subscribers (In Million) (In Million) +3.9% -2.7% 11.8 12.3 0.279 0.293 0.285 11.3 0.278 10.3 1.9 2.0 1.8 1.7 9.5 9.9 10.3 8.6 2021 2022 2023 2024 2021 2022 2023 2024 Postpaid Prepaid Mobile subscribers increased 3.9% YoY to 12.3 million: FTTH subscribers decreased (2.7%) YoY
Slide 12: CAPEX and Free Cash Flow
CAPEX and CAPEX-to-revenues % Free Cash Flow (EBITDA – CAPEX) (In SAR Million) (In SAR Million) +7.2% +11.2% 4,617 2,318 2,578 4,307 2,092 2,093 4,086 3,489 13.8% 14.2% 14.1% 13.3% 2021 2022 2023 2024 2021 2022 2023 2024 CAPEX/Revenues% CAPEX increased by 11.2% YoY to SAR 2,578 million: Robust EBITD
Slide 13: Gross Debt and Net Debt/EBITDA
Gross Debt Net Debt and Net Debt/EBITDA (In SAR Million) (In SAR Million) -19.2% -18.0% -6.9% 11,701 7,932 6,755 6,830 6,884 6,409 10,006 9,891 9,659 9,595 1.20x 1.01x 1.01x 0.98x 0.89x 12M 2023 3M 2024 6M 2024 9M 2024 12M 2024 12M 2023 3M 2024 6M 2024 9M 2024 12M 2024 Net Debt/EBITDA ▪ Gross Debt d
Slide 14: Net Income and Dividends
Net Income Dividends (In SAR Million) (In SAR/share) +39.2% +51.7% 3,107 2.20 2,232 1.45 1.30 1,657 1.15 1,072 0.85 0.90 2021 2022 2023 2024 2021 2022 2023 2024 Annual H2 H1 Net Income grew by 39.2% YoY to reach SAR 3,107 million: Dividends increased by 51.7% YoY to reach SAR 2.20 per ▪ Robust reven
Slide 15: FY-24 Actual vs FY-24 Guidance
FY-24 Actual FY-24 Guidance Mid- to high- single 8.6% Revenue Growth digit growth 39.5% EBITDA Margin 37-38% 0.89x Net Debt/EBITDA 1.1x 14.2% CAPEX Intensity 14-16% Earnings Presentation | FY 2024
Slide 16: Evolve into the TMT company of the future
Be the premier ICT partner for Unlock and pursue new B2B Expand 5G rollout giga projects and and actively digital and adjacent network coverage contribute to their development opportunities Embrace new opportunities that Evolve into the Ensure commitment Maintain leadership toin Achieve total TMT co
Slide 17: FY-25 Performance Guidance
Mid- to high- single Revenue Growth digit growth EBITDA Margin 37-38% Net Debt/EBITDA 1.0x CAPEX Intensity 16-18% Earnings Presentation | FY 2024
Slide 18: Q&A
Q&A Earnings Presentation | FY 2024
Slide 19: Sustainability at Mobily
Upgraded to ‘AA’ in Zero waste to Collaborated to Invested in employee Partnered with MSCI ESG Index – landfill across all expand rural well-being and Jood Eskan to highest-rated Mobily operations telecom access, engagement encourage telecom company in covering over activities, elevating donations a
Slide 20: Thank you
Etihad Etisalat Investor Relations Thank you Mobily IR Webpage Mobily IR App Mobily Investor Mobily Investor Relations Webpage Relations Application E-mail IRD@mobily.com.sa
Etihad Etisalat Co. (Mobily) — FY2024 Earnings Presentation on 6ix