Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — H1 2025 Earnings Presentation
25 slides from Vodafone Qatar Qsc's earnings presentation, Jul 31, 2025
Slide 1: Vodafone Qatar Investor Presentation: Financial Performance H1 2025
Vodafone Qatar P.Q.S.C. Investor Presentation Financial Performance: Half year ended 30 June 2025
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 may
Slide 3: Performance Highlights
Performance Highlights Hamad Al-Thani Chief Executive Officer
Slide 4: Key Messages
Key Messages • FY25 H1 Total Revenue QR 1,752m (+10.5% YoY) FY25 H1 Financial performance • FY25 H1 Net Profit QR 329m (+12.1% YoY) • Better 5G experience in indoor and outdoor enabled thru new sites & capacity improvements Improved 5G Coverage & Capacity • > 90% of the 5G outdoor Sites in whole net
Slide 5: Network Infrastructure: Upgrading and Expanding Capabilities
Network Infrastructure ⋮ Upgrading and Expanding Capabilities Further Improving 5G Capability Radio Access Network Coverage 5G Indoor Network Sites +52% YoY Jun-24 Jun-25 5G Outdoor Network Sites +12% YoY Jun-24 Jun-25 FY25 H1 Financial Performance 31 July 2025 5
Slide 6: Customer Experience: 12 months of Intense Digitalization has shown results
Customer Experience ⋮ 12 months of Intense Digitalization has shown results A host of ambitious launches… …delivering exceptional impact …and business value INSTANT SIM ✓ AI/ML model delivering continued improvement in Digital Channel Revenue Growth eKYC success ratio ✓ Digital visits +16% (YoY) +49
Slide 7: Profitability: Realizing gains that outpace overall market momentum
Profitability ⋮ Realizing gains that outpace overall market momentum Indexed Cumulative EBITDA Growth Comments 119.8% • Since FY19 Q1, we have achieved a +119.8% growth in EBITDA on a trailing twelve-month (TTM) basis. • During the same period, the overall market EBITDA increased by only 7.4%, +112.
Slide 8: Sustainability: Highlights from Our Latest ESG Report
Sustainability ⋮ Highlights from Our Latest ESG Report Moving Forward In All Pillars Share of Digitally Paid Invoices • Share of digital invoice payment from Digital total payments reached 89% 84% 88% 89% Enrichment • Once again, we recorded zero data breaches 2022 2023 2024 • 95% of our diesel gene
Slide 9: Financial Performance
Financial Performance Masroor Anjum Chief Financial Officer
Slide 10: Key Highlights
Key Highlights • 10.5% increase in Total Revenue Topline Growth Continues • Growth across all core revenue segments • 1.2% reduction in OPEX Focus on Cost Efficiency • 21.4% OPEX intensity – 2.5 ppts improvement YoY • 9% growth in EBITDA Continuing Profitability Growth • 12.1% increase in Net profit
Slide 11: FY25 H1 Year on Year: Persistent Topline and Profitability Growth
FY25 H1 Year on Year ⋮ Persistent Topline and Profitability Growth Revenue Expenses EBITDA Net Profit • Total revenue increased by QR 167 +10.5% +11.7% +9.0% +12.1% million (+10.5%), driven by growth 1,752 1,020 732 329 across all core revenue segments and 1,585 913 672 293 higher equipment sales. 2
Slide 12: Service Revenue: Continuous growth across all segments
Service Revenue ⋮ Continuous growth across all segments Postpaid Prepaid Managed services, wholesale & Fixed Total service revenue CAGR CAGR +1.6% +4.1% CAGR 289 286 +7.7% +7.9% 1,463 +3.4% 663 +1.4% CAGR 653 654 269 266 1,414 640 262 +20.3% +3.9% 1,375 513 494 564 459 1,230 1,078 301 245 FY21 FY22
Slide 13: Margin Trends: Enhancing cost efficiency and profitability margins
Margin Trends ⋮ Enhancing cost efficiency and profitability margins Underlying Underlying margin* Underlying OPEX Reported EBITDA Reported excl. World Cup & one-offs Net Profit Reported Intensity Margin Reported Margin Margin +2.7ppts +0.4ppts 24.7% 24.5% 48.5% 18.8% 18.8% 24.1% -2.1ppts 18.4% 45.8%
Slide 14: FY25 Q2 Year on Year: Growth momentum continues
FY25 Q2 Year on Year ⋮ Growth momentum continues Revenue Expenses EBITDA Net Profit +15.1% +17.6% +11.8% +16.3% • Service revenue grew 4.4% YoY driven 897 523 374 166 by growth across all segments – prepaid, postpaid, wholesale and fixed 156 334 779 4.4% 445 143 69 • Operating expenses lower YoY des
Slide 15: Capital Expenditure: Investments driving profitable growth
Capital Expenditure ⋮ Investments driving profitable growth Capital expenditure (CAPEX) Return on Equity (ROE)* 21.5% +5.6 ppts +0.8 ppts 16.1% 17.7% 13.8% 8.6% 12.8% 660 12.0% 11.1% 550 10.7% 444 441 358 408 270 343 150 7.2% 216 192 138 98 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 H1 H1 H1
Slide 16: FY25 H1 Year on Year: Generating strong cash flows
FY25 H1 Year on Year ⋮ Generating strong cash flows Free Cash flow 1 Net Debt 2 Net Debt to EBITDA 3 +16.8% -14.8% • Operating cash flow grew by 17%, -0.08x 375 498 driven by robust collections and 0.38x effective working capital 321 424 management. 0.30x • Despite a higher FY24 dividend payout, str
Slide 17: FY25 H1 Year on Year: Statutory results summary
FY25 H1 Year on Year ⋮ Statutory results summary • Total revenue increased by QR 167 million, QR millions (unless otherwise stated) 30 Jun 25 30 Jun 24 * YoY driven by growth across all core revenue segments and higher equipment sales Consumer revenue 939 890 49 Enterprise, equipment and other reven
Slide 18: Key Financial Performance Indicators
Key Financial Performance Indicators Service Revenue Total Revenue EBITDA Net Profit 1,850 1,463 732 329 CAGR 1,800 1,752 +7.9% CAGR CAGR 1,414 1,750 +10.8% CAGR +11.6% +25.1% 1,700 293 1,375 672 1,650 1,585 1,600 1,551 634 260 1,550 1,500 1,436 590 1,230 1,450 216 1,400 1,350 1,300 1,250 1,078 1,16
Slide 19: FY25 Guidance
FY25 Guidance FY24 FY25 Guidance FY25 Financial KPIs Results Previous Revised Total revenue QR 3,190m = / > 4% YoY = / > 7% YoY EBITDA Margin U/L 41.8% ~ 42% ~ 42% Net Profit U/L QR 585m + 8% - 10% YoY >10% YoY CAPEX intensity 13.8% 13% - 14.5% 13% - 14.5% FY25 H1 Financial Performance 31 July 2025
Slide 20: Q&A
Q&A
Slide 21: For more information visit our website
For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.qa
Slide 22: Consolidated Statement of Income
Consolidated Statement of Income Six months ended QR m (unless otherwise stated) 30 Jun 25 30 Jun 24 YoY • Total revenue increased by QR 167 million, driven by Revenues 1,752 1,585 167 growth across all core revenue segments and higher Interconnection and other direct expenses (625) (517) (108) equi
Slide 23: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position QR m (unless otherwise stated) 30 Jun 25 31 Dec 24 Var Assets Property, plant and equipment 1,884 1,958 (74) • Property, plant & equipment and intangible assets decreased by QR Intangible assets 3,825 3,895 (70) 144m due to depreciation and amortization o
Slide 24: Mobility Subscribers
Mobility Subscribers Postpaid Prepaid Total Mobility +3.5% +1.6% +0.9% 577 1,547 1,554 2,108 2,123 2,108 1,517 1,532 2,075 2,067 569 1,511 561 557 556 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 FY25 Q2 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 FY25 Q2 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 FY25 Q2 FY25 H1 Financial Performance
Slide 25: Mobility ARPU
Mobility ARPU Postpaid Prepaid Total Mobility +0.2% +11.1% +3.6% 193.3 195.2 196.9 194.3 193.7 32.0 74.6 75.9 73.2 72.7 73.4 30.0 29.5 28.8 27.9 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 FY25 Q2 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 FY25 Q2 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 FY25 Q2 FY25 H1 Financial Performance ARPU
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