Emirates Telecom. Group Company (etisalat Group) Pjsc · ADX:EAND
Emirates Telecom. Group Company (etisalat Group) Pjsc — Etisalat Group — Q3 2019 Earnings Presentation
21 slides from Emirates Telecom. Group Company (etisalat Group) Pjsc's earnings presentation, Oct 23, 2019
Slide 1: Etisalat Group Q3 2019 Results Presentation
ETISALAT GROUP Q3 2019 RESULTS PRESENTATION 23 OCTOBER 2019 - ABU DHABI, UAE
Slide 2: Disclaimer
Etisalat Group | Q3 2019 Results Presentation DISCLAIMER Emirates Telecommunications Group Company PJSC and its subsidiaries (“Etisalat Group” or the “Company”) have prepared this presentation (“Presentation”) in good faith, however, no warranty or representation, express or implied is made as to th
Slide 3: 1. Business Overview
1. Business Overview Saleh Al Abdooli Chief Executive Officer Etisalat Group
Slide 4: Etisalat Group Financial Highlights
Etisalat Group | Q3 2019 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS AED Million Q3 2019 Growth Growth 9M 2019 Growth Growth YoY% YoY% Constant YoY% QoQ% Exchange Rates (1) Revenue 12,977 -1% +1% 38,846 -1% +1% EBITDA 6,754 +3% +0% 20,093 +2% +4% EBITDA Margin 52% +
Slide 5: Etisalat Group Q3'19 Financial Highlights
Etisalat Group | Q3 2019 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP Q3’19 FINANCIAL HIGHLIGHTS • Increased Etisalat Group subscriber base by +5% • Maintained revenue growth in constant currency • Improved EBITDA Margin and maintained operating free cashflow margin • Improving full year
Slide 6: 2. Financial Overview
2. Financial Overview Serkan Okandan Chief Financial Officer Etisalat Group
Slide 7: Financial Highlights: Revenue and EBITDA Breakdown
Etisalat Group | Q3 2019 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS Revenue Breakdown Q3 2019 (AED m) EBITDA Breakdown Q3 2019 (AED m) 13.0 6.8 Bn Bn Y0Y Growth -1% Y0Y Growth +3% UAE -1% UAE +4% MT Group (LC +3%) +1% MT Group (LC +8%) +6% Egypt (LC +16%) +25% Egyp
Slide 8: Int'l Operations Financial Highlights Q3 2019
Etisalat Group | Q3 2019 Results Presentation FINANCIAL HIGHLIGHTS INT’L OPERATIONS FINANCIAL HIGHLIGHTS Q3 2019 Revenue (AED m) / EBITDA (AED m) / Revenue & EBITDA (AED m) / EBITDA Margin (%) / EBITDA Margin (%) YoY Growth % Maroc Telecom Q3 2019 Growth Growth in AED in MAD Revenue 3,422 +1% +3% EB
Slide 9: Group Revenue
Etisalat Group | Q3 2019 Results Presentation REVENUE GROUP REVENUE Revenue (AED m) and YoY growth (%) Sources of Revenue growth Q3 2019 Vs. Q3 2018 (AEDm) 4% 5% -3% Constant Cu Y/Y % growth +3% -1% +1% Highlights Revenue by Cluster (Q3 2019) • In Q3’19 consolidated revenue decreased Y/Y by 1% attri
Slide 10: Group EBITDA
Etisalat Group | Q3 2019 Results Presentation EBITDA GROUP EBITDA EBITDA (AED m) & EBITDA Margin Sources of EBITDA growth – Q3 2019 vs Q3 2018 (AED m) Highlights EBITDA by Cluster (Q3 2019) • In Q3’19 consolidated EBITDA increased Y/Y by 3% to AED 6.8 billion. Domestic vs. Int’l International • EBIT
Slide 11: Group Capex
Etisalat Group | Q3 2019 Results Presentation CAPEX GROUP CAPEX CAPEX (AED m) & CAPEX/Revenue Ratio (%) Sources of Capex growth – Q3 2019 vs Q3 2018 (AED m) Highlights CAPEX by Cluster (Q3 2019) In Q3’19 consolidated capex increased Y/Y by 16% Domestic vs. Int’l International resulting in a Capex
Slide 12: Group Balance Sheet & Cash Flows
Etisalat Group | Q3 2019 Results Presentation BALANCE SHEET / CASHFLOWS GROUP BALANCE SHEET & CASH FLOWS Balance Sheet (AED m) Dec-18 Sep-19 Investment Grade Credit Ratings Cash & bank Balances 28,361 26,429 AA-/Stable Total Assets 125,243 124,329 Total Debt 23,526 24,124 Net Cash / (Debt) 4,835 2,3
Slide 13: Debt Profile: Diversified Debt Portfolio
Etisalat Group | Q3 2019 Results Presentation DEBT PROFILE DEBT PROFILE: DIVERSIFIED DEBT PORTFOLIO Borrowings by Operation Q3 2019 (AED m) Borrowings by Currency Q3 2019 (%) 14,577 7,192 1,112 1,244 Group MT Group Egypt Pakistan Debt by Source Q3 2019 (AED m) Repayment Schedule Q3 2019 (AED m) 8,23
Slide 14: Country by Country Financial Review
COUNTRY BY COUNTRY FINANCIAL REVIEW 14
Slide 15: UAE: Improving Profitability Margins While Investing in New Technologies
Etisalat Group | Q3 2019 Results Presentation UAE UAE: IMPROVING PROFITABILITY MARGINS WHILE INVESTING IN NEW TECHNOLOGIES Revenue (AED m) / YoY Growth (%) EBITDA (AED m) / EBITDA % Net Profit (AED m) / Profit Margin (%) CAPEX (AED m) & CAPEX / Revenue Ratio (%) 15
Slide 16: UAE: Revenue Breakdown and Key KPIs
Etisalat Group | Q3 2019 Results Presentation UAE UAE: REVENUE BREAKDOWN AND KEY KPI’s Mobile Revenues(1) (AED m) Fixed Revenues(2) (AED m) Other Revenues(3) (AED m) Mobile Subs(4) (m) & ARPU(5) (AED) Fixed Broadband(6) Subs (m) & ARPU(7) (AED) (1) Mobile revenues includes mobile voice, data, rental
Slide 17: Maroc Telecom: Expanding International Footprint
Etisalat Group | Q3 2019 Results Presentation MAROC TELECOM GROUP MAROC TELECOM: EXPANDING INTERNATIONAL FOOTPRINT Morocco, Benin, Burkina Faso, CAR, CDI, Chad, Gabon, Mali, Mauritania, Niger & Togo Subscribers (m) Revenue (AED m) / EBITDA Margin CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % growth
Slide 18: Egypt: Double Digit Growth in Revenue & EBITDA
Etisalat Group | Q3 2019 Results Presentation EGYPT EGYPT: DOUBLE DIGIT GROWTH IN REVENUE & EBITDA Subscribers(1) (m) Revenue (AED m) / EBITDA CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % growth +18% +21% +25% HIGHLIGHTS • Regulatory restrictions continue to negatively impact customer acquisitions
Slide 19: Pakistan: Investing in Fixed Broadband and Mobile Networks
Etisalat Group | Q3 2019 Results Presentation PAKISTAN PAKISTAN: INVESTING IN FIXED BROADBAND AND MOBILE NETWORKS Subscribers (m) Revenue (AED m) / EBITDA Margin CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % growth -6% -16% -25% REVENUE BREAKDOWN Q3 2019 USD / PKR FX Rate (PKR) 160.0 156.4 124.3 158
Slide 20: 2019 Actual Against Guidance
Etisalat Group | Q3 2019 Results Presentation GUIDANCE 2019 ACTUAL AGAINST GUIDANCE: IMPROVING PROFITABILITY AND FREE CASHFLOW GUDIANCE Financial Guidance 1st Guidance Revision 2nd Guidance Revision Actual KPI 2019 in AED 2019 in AED 2019 in AED 9M 2019 in AED Revenue Growth % Slightly lower Around
Slide 21: Etisalat Group Investor Relations
ETISALAT GROUP INVESTOR RELATIONS Email: ir@etisalat.ae Website: www.etisalat.com/en/ir/index.jspr 21