Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — FY2012 Earnings Presentation
20 slides from Vodafone Qatar Qsc's earnings presentation, Mar 31, 2012
Slide 1: Vodafone Qatar Q.S.C Financial Results Press Presentation
Vodafone Qatar Q.S.C Financial Results Press Presentation For the 12 months ended 31 March 2012 1 FY Financial Results | 31 March 2012
Slide 2: Disclaimer
2 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 c
Slide 3: Agenda
3 Agenda • Key highlights • FY12 financial review • Commercial and strategic progress • Q&A 3 FY Financial Results | 31 March 2012
Slide 4: Key Highlights
Key For the Year ended 31 March 2012 Highlights 837,233 Mobile Customers 28.5% Mobile customer 11% growth market share 1.8pp growth QR 1.2bn 24.5% Total Revenue Mobile revenue 31% growth market share for the year 4.5pp growth QR 144m QR (82)m EBITDA Distributable Profits 12% EBITDA margin 58% improv
Slide 5: FY12 Financial Review
FY12 Financial Review Steve Walters Follow this code to view our Investor Relations web page Q3 Financial Results | 31 March 2012
Slide 6: Mobile Customer Growth
Mobile Customer Growth Year-on-Year Growth in Mobile Customers and Mobile Customer Market Share 28.5% 26.7% 837 17.8% 757 465 FY10 FY11 FY12 Total Mobile Customers (000's) Mobile Customer Market Share (%) • 11% growth in Customer Numbers year-on-year, 80k customers gained • 5.6% growth in population
Slide 7: Total Revenue
Total Revenue Year-on-Year Total Revenue Comparison 24.5% 20.0% 1222 935 8.6% 362 FY10 FY11 FY12 12mth Revenue (QRm) 12 mth Mobile Revenue Market Share • 31% growth in Total Revenue year-on-year delivering a 4.5pt improvement in market share • Results ahead of external guidance • Revenue growth driv
Slide 8: EBITDA
EBITDA Year-on-Year EBITDA Comparison 144 (27) (225) FY10 FY11 FY12 EBITDA % -62% 3% 12% • Results ahead of external guidance • Positive quarterly EBITDA since December 2010 • First full year of positive earnings • 13.5% increase in Quarterly EBITDA quarter-on-quarter • EBITDA margin improved to 12%
Slide 9: Net Loss & Distributable Profits
Net Loss & Distributable Profits Year-on-Year Comparison FY10 FY11 FY12 (82) (197) (304) (486) (601) (673) Distributable Profits (Net Loss plus Amortisation) • 19% improvement in Net Loss year-on-year Amortisation • Full year Distributable Profits improve 58% to a loss of QR82m (Annual Amortisation
Slide 10: Capitalised Fixed Asset Additions
Capitalised Fixed Asset Additions 524 - 475 399 138 108 FY 10 FY 11 FY 12 Fixed - 138 108 Mobile 524 337 292 Capital Intensity Total FA Additions 145% 524 51% 475 33% 399 Capital Intensity 145% 51% 33% Fixed Line Mobile • QR 1.79 billion capital invested since incorporation • 117 additional sites we
Slide 11: Net Debt
Net Debt Borrowings less Term Deposits FY 10 FY 11 FY 12 (294) (644) (937) • We have borrowing facilities of US$ 330m (QR 1.2 billion) comprising: – US$110m (QR 400m): 1mth US Libor + 1.30% maturing 8 March 2019 (replaced the previous 1mth US Libor + 3.55% loan for the same amount which expired 2 Ap
Slide 12: Commercial and Strategic Progress
Commercial and Strategic Progress Richard Daly 12 FY Financial Results Results - 31 March 2012
Slide 13: Strategic Priorities Key achievements
Strategic Priorities Key achievements 13 VFQA further 45 new sites (542) and Qtel 11 indoor solutions (132) Network Significant improvement in call quality with 99.8% network availability Excellent data speeds – and incredible data usage Postpaid Preparing to launch Post paid Mobile Number Mobile Nu
Slide 14: Qatari customers are appreciating the improvements in our service
Qatari customers are appreciating the improvements in our service • Localisation of our brand is one of the key priorities for the future • Significant improvement in our Qatari customer satisfaction – Network Performance – Brand Campaign – Value offers – Community relevance • Qatari call centre and
Slide 15: Appendices
Appendices 15
Slide 16: Condensed Statement of Income – year ended 31 March 2012
Condensed Statement of Income – year ended 31 March 2012 Year ended 31 March 2012 Year ended 31 March 2011 QR ‘000 QR ‘000 Revenue 1,221,724 934,899 Direct costs (560,743) (475,042) Other expenses (516,914) (486,939) Earnings before interest, tax, depreciation, and amortisation 144,067 (27,082) Depr
Slide 17: Condensed Statement of Financial Position – as at 31 March 2012
Condensed Statement of Financial Position – as at 31 March 2012 31 March 31 March 31 March 31 March 2012 2011 2012 2011 QR ‘000 QR ‘000 QR ‘000 QR ‘000 Non-current assets Equity Property, plant and equipment 1,363,974 1,161,201 Share capital 8,454,000 8,454,000 Intangible assets 6,550,258 6,954,098
Slide 18: Financial Summary
Financial Summary Fixed and Mobile Year to Year to Year to YoY Mar-10 Mar-11 Mar-12 Growth QRm QRm QRm % Total Revenue 362 935 1,222 31% EBITDA (225) (27) 144 n/a Net Loss (673) (601) (486) 19% Capitalised Fixed Asset Additions 524 475 399 (16%) Free Cash Flow (566) (341) (293) 14% Key Performance I
Slide 19: Vodafone Qatar Shareholder Structure
19 Vodafone Qatar Shareholder Structure Private institution of public Global Utility founded by Telecommunications HH Sheikh Hamad Bin Khalifa leader Al-Thani 49% 51% Vodafone and Qatar Foundation LLC 45% • Authorized Share Capital: 845,400,000 (Shares) Vodafone Qatar QSC • Paid Up Capital: QAR 8,45
Slide 20: Contact Details
20 Contact Details Jay Odedra Steve Walters Investor Relations Manager Chief Financial Officer M +974 7777 5102 M +974 7777 5464 E jay.odedra@vodafone.com E steve.walters01@vodafone.com Khalid Barzak Address: Vodafone Qatar PO BOX 27727 Investor Relations Manager Doha, Qatar M +974 7777 5413 E khali