Emirates Telecom. Group Company (etisalat Group) Pjsc · ADX:EAND
Emirates Telecom. Group Company (etisalat Group) Pjsc — Etisalat Group — Q1 2020 Earnings Presentation
22 slides from Emirates Telecom. Group Company (etisalat Group) Pjsc's earnings presentation, Apr 22, 2020
Slide 1: Etisalat Group Q1 2020 Results Presentation
ETISALAT GROUP Q1 2020 RESULTS PRESENTATION 22 APRIL 2020 - ABU DHABI, UAE
Slide 2: Disclaimer
Etisalat Group | Q1 2020 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 Hatem Dowidar Chief Executive Officer Etisalat International
Slide 4: Etisalat Group Financial Highlights
Etisalat Group | Q1 2020 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS AED Million Q1 2020 Growth Growth YoY% QoQ% Revenue 13,113 +1% -2% EBITDA 6,715 +1% +7% EBITDA Margin 51% 0pp +4pp Net Profit 2,179 -2% +11% Net Profit Margin 17% 0pp +2pp Capex 1,078 -32% -73% Cap
Slide 5: Etisalat Group Q1 2020 Financial Highlights
Etisalat Group | Q1 2020 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP Q1 2020 FINANCIAL HIGHLIGHTS • Expanding Etisalat Group customer base by +5% • Maintaining EBITDA Margin at 51% • Improving operating Free Cash Flow • Interim dividends of 25 fils per share • Withdrawing our guidance f
Slide 6: 2. Financial Overview
2. Financial Overview Serkan Okandan Chief Financial Officer Etisalat Group
Slide 7: Etisalat Group Financial Highlights
Etisalat Group | Q1 2020 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS Revenue Breakdown Q1 2020 (AED m) EBITDA Breakdown Q1 2020 (AED m) 13.1 6.7 Bn Bn Y0Y Growth 1% Y0Y Growth 1% UAE -3% UAE -2% MT Group (LC +4%) +2% MT Group (LC +4%) +3% Egypt (LC +19%) +33% Egypt
Slide 8: Int'l Operations Financial Highlights Q1 2020
Etisalat Group | Q1 2020 Results Presentation FINANCIAL HIGHLIGHTS INT’L OPERATIONS FINANCIAL HIGHLIGHTS Q1 2020 Revenue (AED m) / EBITDA (AED m) / Revenue & EBITDA (AED m) / EBITDA Margin (%) / EBITDA Margin (%) YoY Growth % MT Group Q1 2020 Growth Growth in AED in MAD Revenue 3,353 +2% +4% EBITDA
Slide 9: Group Revenue
Etisalat Group | Q1 2020 Results Presentation REVENUE GROUP REVENUE Revenue (AED m) & YoY Growth (%) Sources of Revenue Growth – Q1 2020 vs Q1 2019 (AED m) 4% 5% -3% Constant Cu Y/Y % growth +2% +3% +1% Highlights Revenue by Cluster (Q1 2020) • In Q1’20 consolidated revenue increased Y/Y by 1% attri
Slide 10: Group EBITDA
Etisalat Group | Q1 2020 Results Presentation EBITDA GROUP EBITDA EBITDA (AED m) & EBITDA Margin (%) Sources of EBITDA Growth – Q1 2020 vs Q1 2019 (AED m) Constant Cu Y/Y % growth +4% +3% +1% Highlights EBITDA by Cluster (Q1 2020) • In Q1’20 consolidated EBITDA increased Y/Y by 1% attributed to high
Slide 11: Group Capex
Etisalat Group | Q1 2020 Results Presentation CAPEX GROUP CAPEX CAPEX (AED m) & CAPEX/Revenue Ratio (%) Sources of Capex Growth – Q1 2020 vs Q1 2019 (AED m) Highlights CAPEX by Cluster (Q1 2020) In Q1’20 consolidated capex decreased Y/Y by 32% resulting in a Capex / Revenue ratio of 8% Domestic vs
Slide 12: Group Balance Sheet & Cash Flows
Etisalat Group | Q1 2020 Results Presentation BALANCE SHEET / CASHFLOWS GROUP BALANCE SHEET & CASH FLOWS Balance Sheet (AED m) Dec-19 Mar-20 Investment Grade Credit Ratings Cash & bank Balances 29,657 33,574 AA-/Stable Total Assets 128,266 130,053 Total Debt 23,889 24,353 Net Cash / (Debt) 5,768 9,2
Slide 13: Debt Profile: Diversified Debt Portfolio
Etisalat Group | Q1 2020 Results Presentation DEBT PROFILE DEBT PROFILE: DIVERSIFIED DEBT PORTFOLIO Borrowings by Operation Q1 2020 (AED m) Borrowings by Currency Q1 2020 (%) 14,661 7,219 1,279 1,193 Group MT Group Egypt Pakistan Debt by Source Q1 2020 (AED m) Repayment Schedule Q1 2020 (AED m) 7,11
Slide 14: Group Dividends: Proposed Interim DPS of AED 25 Fils
Etisalat Group | Q1 2020 Results Presentation DIVIDENDS GROUP DIVIDENDS: PROPOSED INTERIM DPS OF AED 25 FILS Interim Dividends and Dividends Per Share Interim Dividend Payout Ratio 3.48 3.48 3.48 3.48 99.8% 85.6% 80.6% 80.7% 78.3% 2.17 0.40 0.40 0.40 0.40 0.25 2016 2017 2018 2019 2020 H1'16 H1'17 H1
Slide 15: Country by Country Financial Review
COUNTRY BY COUNTRY FINANCIAL REVIEW 15 15
Slide 16: UAE: Maintaining Strong Profitability Margins
Etisalat Group | Q1 2020 Results Presentation UAE UAE: MAINTAINING STRONG PROFITABILITY MARGINS Revenue (AED m) / YoY Growth (%) EBITDA (AED m) / EBITDA Margin (%) Net Profit (AED m) / Profit Margin (%) CAPEX (AED m) & CAPEX / Revenue Ratio (%) 16
Slide 17: UAE: Revenue Breakdown and Key KPIs
Etisalat Group | Q1 2020 Results Presentation UAE UAE: REVENUE BREAKDOWN AND KEY KPIs 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 18: Maroc Telecom: Maintained Growth and Profitability
Etisalat Group | Q1 2020 Results Presentation MAROC TELECOM GROUP MAROC TELECOM: MAINTAINED GROWTH AND PROFITABILITY 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 (%) 10% (1)
Slide 19: Egypt: Strong Revenue Growth and Profitability
Etisalat Group | Q1 2020 Results Presentation EGYPT EGYPT: STRONG REVENUE GROWTH AND PROFITABILITY Subscribers (m) Revenue (AED m) / EBITDA Margin (%) CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % Growth (AED) +14% +29% +33% Highlights • Regulatory restrictions continue to negatively impact customer
Slide 20: Pakistan: Currency Devaluation & Reinstatement of Telecom Taxes
Etisalat Group | Q1 2020 Results Presentation PAKISTAN PAKISTAN: CURRENCY DEVALUATION & REINSTATEMENT OF TELECOM TAXES ON MOBILE SERVICES IMPACTED PERFORMANCE Subscribers (m) Revenue (AED m) / EBITDA Margin (%) CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % Growth (AED) -12% -17% -15% REVENUE BREAKDO
Slide 21: 2020 Actual Against Guidance: Withdrawing Management Guidance
Etisalat Group | Q1 2020 Results Presentation GUIDANCE 2020 ACTUAL AGAINST GUIDANCE: WITHDRAWING MANAGEMENT GUIDANCE DUE TO COVID-19 PANDEMIC AND ITS POTENTIAL IMPACTS ON OUR FINANCIAL RESULTS UNTIL JULY 2020 21
Slide 22: Etisalat Group Investor Relations
ETISALAT GROUP INVESTOR RELATIONS Email: ir@etisalat.ae Website: www.etisalat.com/en/ir/index.jspr 22 22