Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — H1 2020 Earnings Presentation
18 slides from Vodafone Qatar Qsc's earnings presentation, Jul 29, 2020
Slide 1: Vodafone Qatar P.Q.S.C. Financial results: Half year ended 30 June 2020
Vodafone Qatar P.Q.S.C. Financial results: Half year ended 30 June 2020 29 July 2020
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 con
Slide 3: Quarterly highlights
Quarterly highlights Hamad Al Thani Chief Executive Officer
Slide 4: Executive Summary | Quarterly Highlights
Executive Summary | Quarterly Highlights Capturing Profitable Strong Strengthening Market Share in Growth Commercial Business Competitive Continues Rebound Resilience Environment** 10 Quarters Subscriber Rebound Digital Adoption RMS +1.1pts YoY Consecutive YoY quarterly Despite initial shock, active
Slide 5: Financial review
Financial review Brett Goschen Chief Financial Officer
Slide 6: FY 2020 H1 | Key points to note and highlights
FY 2020 H1 | Key points to note and highlights Items impacting YoY Strong Financial Growth comparisons Performance in net profit • One-off project revenue recognized • FY20 H1 service revenue grows • Net profit grows 4% YoY in FY20 in FY19 Q1 and related margin 3.4% YoY to reach QR 1 Billion H1 to Q
Slide 7: Half year ended: Financial performance (Year on Year) (QR m)
Half year ended: Financial performance (Year on Year) (QR m) FY20 H1 v FY19 H1 Total revenue Expenses EBITDA Net profit +1% -3.1% +11.6% +17% 1,072 704 390 +8.9% 81 +3.9% 1,062 +3.4% 683 69 95 72 349 307 317 78 967 1,000 358 398 366 -9 -9 FY19 H1 FY20 H1 FY19 H1 FY20 H1 FY19 H1 FY20 H1 FY19 H1 FY20
Slide 8: Quarterly Financial Performance (Year on Year) (QR m)
Quarterly Financial Performance (Year on Year) (QR m) FY20 Q2 v FY19 Q2 Total revenue Expenses EBITDA Net profit +1% -2.3% +7.0% -4.1% 527 531 350 342 190 35 177 33 34 40 155 161 494 492 195 180 FY19 Q2 FY20 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 Q2 Service revenue Equipment revenue Direct
Slide 9: Service Revenue (QR m)
Service Revenue (QR m) FY20 Q2 v FY19 Q2 Postpaid Revenue Prepaid Revenue Total Service Revenue +3.8% FLAT -18.4% 274 171 494 505 508 492 270 155 476 150 149 262 139 259 253 FY19 Q2 FY19 Q3 FY19 Q4 FY20 Q1 FY20 Q2 FY19 Q2 FY19 Q3 FY19 Q4 FY20 Q1 FY20 Q2 FY19 Q2 FY19 Q3 FY19 Q4 FY20 Q1 FY20 Q2 • 1 Po
Slide 10: Total Revenue & ARPU
Total Revenue & ARPU TOTAL REVENUE ARPU (QR) FY20 H1 -2.5% -0.8% 85 86 84 82 83 36.2% FY19 H1 Consumer Revenue 35.9% Enterprise, Equipment & others revenue 64.1% 63.8% FY19 Q2 FY19 Q3 FY19 Q4 FY20 Q1 FY20 Q2 • 1 Revenue mix is fairly stable YoY between consumer segment and Enterprise & others • 2 AR
Slide 11: Underlying EBITDA margin
Underlying EBITDA margin FY20 Q2 v FY19 Q2 EBITDA margin % FY20 H1 Underlying EBITDA Margin growth YoY +2.8 ppts 3.7 38.6% (0.4) (0.5) 35.8% FY19 H1 Net service License fee Bad debt and FY20 H1 U/L EBITDA revenue mix increase collection U/L EBITDA charges •1 EBITDA margin of 37.9% excluding equipmen
Slide 12: CAPEX (QR m)
CAPEX (QR m) Total CAPEX Quarterly CAPEX Mix Capabilities & IT Transformation Capacity run and -38m maintenance 241 213 Coverage & 8 13 capacity 141 expansion 103 and others 59 63 40 83 FY19 Q2 FY19 Q3 FY19 Q4 FY20 Q1 FY20 Q2 CAPEX 26.8% 43.4% 42.2% 10.8% 7.5% Intensity Reported CAPEX Asset Retireme
Slide 13: Consolidated statement of income
Consolidated statement of income Half year ended 30 June 2020 Six months ended Commentary YoY: QR m 30 Jun 20 30 Jun 19 YoY • Revenue increased QR 10m led by Service revenue growth Revenue 1,072 1,062 10 of 3.4% driven by growing fixed broadband and postpaid. Interconnection and other direct expense
Slide 14: Consolidated statement of financial position
Consolidated statement of financial position As at 30 June 2020 QR m Jun-20 Dec-19 Var Assets Property, plant and equipment 1,433 1,484 (51) • Property, plant and equipment decreased by QR 51m driven by Intangible assets 4,407 4,471 (64) depreciation QR 122m and adjustment of asset retirement Right-
Slide 15: Questions ?
Questions ?
Slide 16: Thank You The Future Is Exciting
Thank You The Future Is Exciting For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.com
Slide 17: Appendix
Appendix
Slide 18: Mobile Customers ('000s)
Mobile Customers (‘000s) FY20 Q2 v FY19 Q2 Total Mobile Customers -6.4% 1,763 1,737 1,734 1,721 1,650 FY19 Q2 FY19 Q3 FY19 Q4 FY20 Q1 FY20 Q2 18
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