Slide 1: Ooredoo Group Full Year 2016 Results
Ooredoo Group Full Year 2016 Results 23 Feb 2017 Ooredoo Group Full Year 2016 Results 1
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 1. Results & Strategy Review 2. Operations Review 3. Additional Information Ooredoo Group Full Year 2016 Results 3
Slide 4: Key Highlights
Results Operations Additional Overview Review Review Information Group Results Key Highlights Solid top and bottom line performance delivered in 2016 2016 Revenue guidance target achieved – QAR 32 billion Revenue, growth in local currency terms across all markets except Iraq 2016 EBITDA guidance
Slide 5: Revenue and EBITDA
Results Operations Additional Overview Review Review Information Group Results Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin -2% -3% +1% 33 851 33 207 32 161 32 503 -12% +1% +3% 14 640 13 018 13 379 12 948 43% 40% 41% 39% 12M'13 12M'14 12M'15 12M'16 12M'13 12M'14 12M'15 12M'16 Gr
Slide 6: Net Profit and Net Debt
Results Operations Additional Overview Review Review Information Group Results Net Profit and Net Debt Net Profit Attributable to Ooredoo Net Debt (QARm) and Net Debt / shareholders (QARm) EBITDA Net Foreign Exchange +2% -3% -3% 2,579 28 784 29 391 28 489 27 715 -17% -1% +4% 2,134 2,118 2,193 3 197
Slide 7: Free Cash Flow and Capital Expenditure
Results Operations Additional Overview Review Review Information Group Results Free Cash Flow and Capital Expenditure Free Cash Flow (QARm) CAPEX (QARm) & CAPEX/ Revenue (%) +247% +4% 5 129 9 298 -10% 8 762 8 391 -32% 5 982 27% 27% +6% 25% -16% 1 658 1 764 1 477 18% 12M'13 12M'14 12M'15 12M'16 12M'1
Slide 8: Total Group Debt Breakdown
Results Operations Additional Overview Review Review Information Group Results Total Group Debt Breakdown Total Group Debt Breakdown (as at Total Group Debt (QARm) December 31, 2016) Short Term Long Term Others 9% 45,769 43,185 43,101 Indonesia 41,778 41,100 13% 8 126 7 241 6 714 3 361 37 643 35 944
Slide 9: Debt Profile – Ooredoo Q.S.C. level
Group Results Debt Profile – Ooredoo Q.S.C. level 2 000 Loans Bonds Sukuk 1600 1 500 1250 1000 1000 1000 1 000 750 650 500 500 500 500 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2028 2043 Interest/ Issue Loan Type (in USD mn) Amount Usage Rate* Maturity Bonds/Sukuk (in USD mn) Profit Maturi
Slide 10: Total Customers
Results Operations Additional Overview Review Review Information Group Results Total Customers Total Group Customers (000) +19% 138 422 +9% +12% 116 751 107 254 96 184 12M'13 12M'14 12M'15 12M'16 Strong organic customer growth driven by Indonesia, Myanmar, Oman, Iraq, Tunisia, Kuwait, Algeria, Maldi
Slide 11: 2016 Performance & 2017 Guidance
Results Operations Additional Overview Review Review Information Group Results 2016 Performance & 2017 Guidance % Change 2016 Full Year 2017 Full Year Group Financials 2016 2016 / 2015 Guidance over Guidance over (QAR bn) Actual 2015 2016 Revenue 32.50 1% -1% to +2% -1% to +2% EBITDA 13.38 3% -3% to
Slide 12: LEAD Strategy Progress
Results Operations Additional Overview Review Review Information Group Results LEAD Strategy Progress Ooredoo Group Full Year 2016 Results 12
Slide 13: Strategic Priorities Progress
Results Operations Additional Overview Review Review Information Group Results Strategic Priorities Progress Data Monetization Best Network 4G+ (LTE-Advanced) in Qatar, Continued strong data growth Oman and Kuwait; 4G launched in from consumer and enterprise Indonesia, Maldives, Tunisia, custome
Slide 14: Contents
Contents 1. Results Review 2. Operations Review 3. Additional Information Ooredoo Group Full Year 2016 Results 14
Slide 15: Operations: Qatar
Results Operations Additional Overview Review Review Information Group Operations Qatar QARm Qatar Revenue +1% 7 897 8 007 Positive results in Revenue, EBITDA and Net Profit driven by data experience leadership Stable EBITDA margin 12M'15 12M'16 Customer number sustained at 3.5 million Maint
Slide 16: Operations: Indonesia
Results Operations Additional Overview Review Review Information Group Operations Indonesia QARm Indonesia Revenue EBITDA & Margin +10% +13% 7 994 7 274 3 724 3 303 Double digit increase in Revenue and EBITDA terms with 45% 47% improved EBITDA margin supported by strong growth in cellular business
Slide 17: Operations: Iraq
Results Operations Additional Overview Review Review Information Group Operations Iraq QARm Iraq Revenue -14% 4 884 4 217 Slight improvement in the overall Iraqi situation, but security and economic environment remains challenging. Asiacell started to reactivate network in parts of Mosul Maintai
Slide 18: Operations: Oman
Results Operations Additional Overview Review Review Information Group Operations Oman QARm Oman Revenue +7% 2 639 2 475 Healthy growth in Revenue continued in Q4 driven by increases in both mobile and fixed data revenue. Higher revenues and cost optimization program supported growth in EBITDA
Slide 19: Operations: Kuwait
Results Operations Additional Overview Review Review Information Group Operations Kuwait QARm Kuwait Revenue EBITDA & Margin +5% 2 275 2 382 -1% 620 614 Ooredoo Kuwait’s Revenue increased by 5% driven by post paid segment and Fast telco consolidation 27% 26% Highly aggressive market environment
Slide 20: Operations: Algeria
Results Operations Additional Overview Review Review Information Group Operations Algeria QARm Algeria Revenue EBITDA & Margin -7% 4 023 3 732 -11% 1 474 1 308 Revenue increased slightly in Algerian Dinar terms, negative 37% 35% FX trend impacting reported results though Weak market trend in sec
Slide 21: Operations: Tunisia
Results Operations Additional Overview Review Review Information Group Operations Tunisia QARm Tunisia Revenue EBITDA & Margin -5% -8% 1 803 1 714 746 686 Ooredoo Tunisia maintained its market leadership position amid still subdued Tunisian economic environment and a weak 41% Tunisian Dinar 40%
Slide 22: Operations: Myanmar
Results Operations Additional Overview Review Review Information Group Operations Myanmar QARm Myanmar Revenue +38% 1 470 1 065 Ooredoo Myanmar maintained its growth performance reaching 9 million customers, 55% more than last year 38% Revenue increase driven by data services and further network
Slide 23: Contents
Contents 1. Results Review 2. Operations Review 3. Additional Information Ooredoo Group Full Year 2016 Results 23
Slide 24: Group Revenue and EBITDA Breakdown
Results Operations Additional Overview Review Review Information Additional Information Group Revenue and EBITDA Breakdown Revenue (QARm) EBITDA (QARm) 33,851 14,640 33,207 32,161 32,503 12,948 13,018 13,379 12M'13 12M'14 12M'15 12M'16 12M'13 12M'14 12M'15 12M'16 Qatar 3 273 3 448 3 996 4 050 Qatar
Slide 25: Group CAPEX and Customers Breakdown
Results Operations Additional Overview Review Review Information Additional Information Group CAPEX and Customers Breakdown CAPEX Breakdown (%) Customer Breakdown (%) Others Tunisia Others Qatar Qatar 1% 2% Iraq Myanmar 2% 6% 14% 16% 9% Myanmar Tunisia 6% 5% Iraq Algeria 7% 10% Algeria Kuwait 11% 2%
Slide 26: Operations Breakdown: Blended ARPU
Results Operations Additional Overview Review Review Information Group Operations Breakdown Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) 124,3 126,7 120,9 38,4 36,6 49,8 50,3 51,2 51,9 52,5 48,6 34,5 118,5 114,3 119,8 32,9 31,4 32,2 66,2 67,0 67,0 67,0 66,8 66,6 29,2
Slide 27: Forthcoming events: Ooredoo Maldives IPO
Additional Information Results Operations Additional Overview Review Review Information Forthcoming events Ooredoo Maldives IPO Ooredoo Maldives Plc. plans to offer its equity through an Initial Public Offering (IPO) under the terms of its licence obligations. The IPO will be opened to the gener
Slide 28: Statutory Corporate Tax Rates
Results Operations Additional Overview Review Review Information Additional Information Statutory Corporate Tax Rates Statutory Losses C/Fwd Notes Tax Rate Allowed Algeria 26% 4 years Indonesia 25% 5 years Iraq 15% 5 years GCC companies (including NMTC)are exempted and are subjected to 4.5% Zakat, K
Slide 29: Thank You
Thank You Website: ooredoo.com Follow us Email: IR@ooredoo.com Twitter: @OoredooIR Upcoming 2016 Q1 Results – April 27, 2016 Events Ooredoo Group Full Year 2016 Results 29