Slide 1: Q1 2016 Results
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Slide 2: Disclaimer
Disclaimer • Ooredoo (parent company Ooredoo Q.S.C.) and the group of companies which it forms part of (“Ooredoo Group”) cautions investors that certain statements contained in this document state Ooredoo Group management's intentions, hopes, beliefs, expectations, or predictions of the future and,
Slide 3: Contents
Contents • Results review • Operations review 3
Slide 4: Group Results: Key Highlights
Group Results Key Highlights Global customer base further expanded • Ooredoo Group customer base reached 118 million at the end of the first quarter, a 6% or 7 million year-on-year increase, driven by strong acquisitions in Myanmar, Indonesia, Algeria and Qatar. Solid performance delivered • Group r
Slide 5: Key Highlights – continued
Group Results Key Highlights – continued Strategic investments into networks & data / Further portfolio optimization • Data revenue increased to 38% of Group revenue (Q1 2015: 30%) due to Ooredoo’s focus on network expansion and modernization and its strategy of marketing innovative data services fo
Slide 6: Revenue and EBITDA
Group results Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin -3% -2% -1% -8% 8,384 3,690 - 5% - 1% 8,103 8,037 7,888 3,378 3,205 3,179 44% 42% 40% 40% Q1'13 Q1'14 Q1'15 Q1'16 Q1'13 Q1'14 Q1'15 Q1'16 Healthy Revenue growth in Oman, Indonesia, Myanmar, Kuwait & Maldives Markets rema
Slide 7: Net Profit and Net Debt
Group results Net Profit and Net Debt1 Net Profit attributable to Ooredoo shareholders (QARm) Net Debt1 (QARm) and Net Debt / EBITDA Net Foreign Exchange +1% -2% -2% 31,341 31,614 31,022 +10% +75% 30,547 808 887 -43% 879 501 499 769 862 738 2.5 2.4 2.1 2.2 380 118 (237) (54) Q1'13 Q1'14 Q1'15 Q1'16
Slide 8: Free Cash Flow and Capital Expenditure
Group results Free Cash Flow and Capital Expenditure Free Cash Flow 1(QARm) Capex (QARm) and Capex / Revenue (%) +134% +45% 1,947 1,946 -16% 1,665 1,629 -38% 1,342 -34% 1,034 - 20% 1,070 830 24% 20% 16% 14% Q1'13 Q1'14 Q1'15 Q1'16 Q1'13 Q1'14 Q1'15 Q1'16 Selective investment into network to strength
Slide 9: Total Group Debt breakdown
Group results Total Group Debt breakdown Total Group Debt breakdown Total Group Debt (QARm) (as of March 31, 2016) Short-term Long-term Others 11% 46,107 44,499 42,620 44,277 8,154 Indonesia 7,051 8,383 10,720 14% 35,570 37,953 35,894 33,779 1 Qatar 75% Q1'13 Q1'14 Q1'15 Q1'16 Group debt well balanc
Slide 10: Debt Profile – Ooredoo Q.S.C. level
Group Results Debt Profile – Ooredoo Q.S.C. level 1,800 1600 Loans Bonds Sukuk 1,600 1,400 1250 1,200 1000 1000 1000 1000 1,000 750 800 650 600 500 500 400 200 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2028 2043 Issue Interest/ Loan Type (in USD mn) Amount Usage Rate* Maturity Bonds/Sukuk
Slide 11: Total Customers
Group results Total Customers Total Customers (000) +6% +15% 117,936 +6% 110,969 96,660 90,969 Q1'13 Q1'14 Q1'15 Q1'16 7 million new customers mainly in Myanmar, Indonesia, Algeria and Qatar Q1 2016 Results Presentation 11
Slide 12: 2016 Q1 performance summary
Group results 2016 Q1 performance summary 3 months ended Q1 2016 / 2016 Annual QAR Millions March 2016 Q1 2015 Guidance -1% to +2% Consolidated revenue 7,888 -2% -3% to 0% EBITDA 3,179 -1% Net profit attributable to Ooredoo 879 +75% - shareholders Earnings per share 2.74 +75% - (in Qatari Riyals) Ca
Slide 13: Contents
Contents • Results review • Operations review Q1 Results Presentation 13
Slide 14: Qatar
Group operations Qatar QARm Revenue • Number of customers increased by 6% YoY +0.4% • Gaining further market share 1,986 1,994 • Revenue in line with last year’s Q1, lower pre- and postpaid mobile revenue offset by higher fixed broadband and equipment sales • Launched the new Ooredoo TV service, a Q
Slide 15: Indonesia
Group operations Indonesia QARm Revenue EBITDA & Margin • Local currency revenue and EBITDA growing in +6% double digits YoY driven by stronger consumer - 18% 1,837 +8% segment 1,732 848 786 • EBITDA margin improving driven by higher revenue 45% 46% and lower cost of sales Q1'15 Q1'16 Q1'15 Q1'16 •
Slide 16: Iraq
Group operations Iraq QARm • Revenue down due to security situation, Revenue challenging economic environment (oil price, lower consumer spend) and 20% VAT tax - 15% 1,266 • Strong focus on cost control helped to improve 1,076 margins • Customer number decreased by 4% yoy,; stricter National Securit
Slide 17: Oman
Group operations Oman QARm • Another very strong quarter: Double digit growth in Revenue Revenues, EBITDA and Net profit for Q1 driven by +11% increases in both mobile and fixed data revenue. 646 582 • Total number of customers grew by 3% • Market share stable • Net Profit increased by 18% due to an
Slide 18: Kuwait
Group operations Kuwait QARm • Return to revenue growth in a highly competitive Revenue EBITDA & Margin market, positively impacted by higher non- recurring revenue from handset sales +11% 604 +3% 546 124 • EBITDA impacted by higher handset subsidies 121 • Net Profit impacted by higher taxes on high
Slide 19: Algeria
Group operations Algeria QARm • Revenue and EBITDA growth in local currency Revenue EBITDA & Margin -8% -3% • Sequential revenue growth despite traditionally 1,011 928 365 slower season 353 36% 38% • 13% depreciation of the Algerian Dinar YoY • Ooredoo Algeria defended 3G and data leadership Q1'15 Q
Slide 20: Tunisia
Group operations Tunisia QARm • Maintained leadership position despite intense Revenue EBITDA & Margin competition -9% • Steady customer number at 7.5 million, growth in 446 408 -26% broadband customer 186 137 • In Tunisia, the mobile industry has matured fast, 42% 34% the penetration rate remained
Slide 21: Myanmar
Group Operations Myanmar QARm • OML started 2016 with a solid revenues increase of 18% compared to previous quarter and 42% YoY Revenue +42% • EBITDA improved on the back of strong gross margin 334 • Customer base 7mn, additions especially in March 236 • Solid quarterly ARPU >MMK 5,700 (USD 5) suppo
Slide 22: Save the date: Ooredoo Capital Markets Day
Save the date: Ooredoo Capital Markets Day Monday, May 23, 2016 in Doha, Qatar Details tbc registration via Ooredoo IR team salsayed@ooredoo.com
Slide 23: Vote for Ooredoo at Extel survey
Vote for Ooredoo at Extel survey (last day April 29) Please visit this link to Vote https://www.extelsurveys.com/ 23 Q1 2016 Results Presentation
Slide 24: Thank you
Thank you Website: ooredoo.com Follow us Email: IR@ooredoo.com Twitter: @OoredooIR