Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Q2 FY17 Earnings Presentation
15 slides from Vodafone Qatar Qsc's earnings presentation, Nov 8, 2016
Slide 1: Vodafone Qatar Q.S.C Financial Results
Vodafone Qatar Q.S.C Financial Results Quarter ended 30 September 2016 8 November 2016
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 con
Slide 3: Introduction
Introduction Ian Gray Chief Executive Officer 3
Slide 4: Realising the Turnaround
Realising the Turnaround New Strategic Recent Longer Term / Previous Actions Objectives Improvements Outlook • No dividend • Higher quality services • Market rates increases • Exciting new Board recommendation and products • Service Revenue • Fixed roadmap • Staff Redundancies • Brand / Network grow
Slide 5: Financial Summary
Financial Summary Chief Financial Officer 5
Slide 6: Financial Summary
Financial Summary For the six months ended 30 September 2016 QR m 6m to YoY (unless otherwise stated) Sep-16 Growth Mobile Customers (000) 1,457 (2%) • Customer Base decline – completion of one-time base clean-up. Postpaid customers up 3.9% to 16.7% of base Total Revenue 1,000 (6%) • Service Revenue
Slide 7: Mobile Customers (000's)
Mobile Customers (000’s) Customer Growth vs. Population Growth 0% 1,486 1,501 1,548 1,458 1,457 Customer 190 220 237 Postpaid 4.4% Growth 236 243 Prepaid 3.1% 3.1% Population 4.6% Growth 0.1% 3.1% 0.0% 1,296 1,281 1,311 1,222 1,214 1.0% -2.0% Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 -5.8% Mobile 32.3% 32.
Slide 8: Service Revenue (QR m)
Service Revenue (QR m) -0.2% 503 498 485 484 472 50 43 35 37 36 120 128 Prepaid 136 142 145 Postpaid Other • Prepaid revenue 1.6% lower in seasonally weak quarter − Impact of one-time customer base clean up − Continued migration of international voice to VOIP − Offset improvement in pricing 333 327
Slide 9: EBITDA & Distributable Profits (QR m)
EBITDA & Distributable Profits (QR m) +37% EBITDA Margin % 27.4% 132 137 EBITDA 101 100 20.0% 27.4% EBITDA Margin 24.5% 20.0% Distributable 19.1% 58 Profit 29 11.3% 37 1 (13) Q1 FY17 Product Mix Terminals Publicity Network Q2 FY17 (79) & Pricing Timing Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Underlying 1
Slide 10: CAPEX and Financing Position (QR m)
CAPEX and Financing Position (QR m) Net Financing Position (QR m) 913 896 892 917 125 CAPEX 851 +7% 119 Intensity 100 52 40 22% 24% 19% 8% 10% Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 • Increase Capex investment → Network upgrade & new sites • Decrease in Net Financing d
Slide 11: FY17 Guidance
FY17 Guidance Qatari Riyals Actual FY16 Guidance FY17 Total Revenue 2,119m 2,030m – 2,070m Service Revenue 1,966m 1,940m – 1,980m EBITDA Margin % 18.9% 24.5% - 25% Capital Intensity % 18.7% 12.7% Free Cash Flow (134.4m) 90m to 110m Disclaimer: The above table contains forward-looking statements that
Slide 12: Questions
Questions 12
Slide 13: Appendices
Appendices 13
Slide 14: Financial Summary
Financial Summary Q2 Q3 Q4 Q1 Q2 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 QRm QRm QRm QRm QRm Total Revenue 528 537 516 501 499 Service Revenue 503 498 472 485 484 EBITDA 101 132 58 100 137 Net Loss (114) (72) (180) (100) (64) Distributable Profit (13) 29 (79) 1 37 Capital Expenditure 100 119 125 40 52 Fr
Slide 15: Contact Details
Contact Details Visit our website for more information or send an email to InvestorRelationsQatar@vodafone.com www.vodafone.qa/en/investor-relations 15 Q2 FY17 Financial Results Presentation