Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — FY2014 Earnings Presentation
18 slides from Vodafone Qatar Qsc's earnings presentation, May 27, 2014
Slide 1: Vodafone Qatar Q.S.C Financial Results
Vodafone Qatar Q.S.C Financial Results Year ended 31 March 2014 Tuesday 27th May 2014
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: Financial Highlights
Financial Highlights For the Year ended 31 March 2014 Mobile Customers Total Revenue EBITDA QR 496m 1,327,000 QR 1.98bn 25% margin 22% 30% 75% Free Cash Flow Distributable Profits Proposed Dividend QR 144Mn QR 157m QR 144m n/a 17dhs/share 3 FY13 Financial Results Presentation
Slide 4: Financial Highlights
Financial Highlights Steve Walters Chief Financial Officer
Slide 5: Mobile Customers ('000s)
Mobile Customers (’000s) 1,327 128 1,084 82 837 757 1,002 1,199 Prepay 465 Postpay FY10 FY11 FY12 FY13 FY14 Mobile Customer 17.8% 26.7% 28.5% 31.8% 33.8% Market Share • 22% growth in Customers (YoY) – 243k customers added • 11.6% increase in population • Continued strong Postpaid performance – 55% g
Slide 6: Total Revenue (QR bn)
Total Revenue (QR bn) 1.98 1.53 1.22 0.94 0.36 FY10 FY11 FY12 FY13 FY14 Closing Mobile Revenue Market 13.3% 23.2% 24.5% 30.4% 33.6% Share (Q4) Total ARPU 134 113 112 121 126 • 30% improvement YoY – continued customer base growth and higher ARPU • ARPU improves 4% (YoY) driven by increased contributi
Slide 7: EBITDA (QRm)
EBITDA (QRm) 496 284 144 (27) (225) FY10 FY11 FY12 FY13 FY14 EBITDA (62%) (3%) 12% 19% 25% Margin • 75% growth in EBITDA (YoY) – benefiting from revenue increase and cost focus • Continuous EBITDA margin improvement reflecting better sales mix, scale benefits and cost control 7 FY13 Financial Result
Slide 8: Distributable Profit (QRm)
Distributable Profit (QRm) Distributable Profit is defined as the net profit for financial year plus license amortization for that year. 157 * 2 (82) (197) (304) FY10 FY11 FY12 FY13 FY14 Net Loss (673) (601) (486) (401) (246) • EBITDA drives strong growth in Distributable Profit and 39% YoY improvem
Slide 9: Capitalised Fixed Asset Additions (QRm)
Capitalised Fixed Asset Additions (QRm) 524 475 * 138 399 395 344 107 92 24 524 Fixed Line Mobile 337 320 292 303 FY 10 FY 11 FY 12 FY 13 FY 14 Capital Intensity 145% 51% 33% 26% 17% • Mobile – additional 54 sites on air and improved transmission capacity • Continuous improvement in Capital Intensit
Slide 10: Free Cash Flow (QRm)
Free Cash Flow (QRm) * 144 ( 61 ) ( 259 ) ( 293 ) ( 351 ) FY10 FY11 FY12 FY13 FY14 Net Debt (294) (644) (937) (998) (854) • First year of positive free cash flow - higher EBITDA and working capital management • Reduction in Net Debt • Overall borrowing capacity of QR1.2bn 10 FY13 Financial Results P
Slide 11: FY14 Full-Year
FY14 Full-Year Kyle Whitehill Chief Executive Officer
Slide 12: Our Shareholding structure
Our Shareholding structure Ownership Structure Share Price Performance 20.00 18.73 19.00 18.00 27% 17.00 23% 16.00 15.00 14.00 4% 13.00 51% 12.00 11.00 Qatari 22% 10.00 8.62 QF 73% 9.00 Foreign Qatari Ownership 8.00 31-Mar-13 30-Apr-13 31-May-13 30-Jun-13 31-Aug-13 31-Jul-13 30-Sep-13 31-Oct-13 30-N
Slide 13: Vision and Strategic Pillars
Vision and Strategic Pillars “To be the most admired brand in Qatar” Differentiated Grow Revenue Connect with Great place to Reward Customer Share Qatar work Shareholders Experience Business Priorities High Value Customers Win in Enterprise Future of Fixed Network Evolution Lead in Innovation Strate
Slide 14: Continued growth momentum
Continued growth momentum • Population growth continues, with Vodafone taking strong share Growth in all Market • Solid Postpaid base with a healthy continuous growth Segments Continuous growth in Prepaid Qtel • VFQ • Enterprise expanding and more opportunities for Enterprise business solutions. • R
Slide 15: Questions
Questions
Slide 16: Appendices
Appendices
Slide 17: Financial Summary
Financial Summary Financial Performance Year to Year to Year to Year to Year to Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 QRm QRm QRm QRm QRm Total Revenue ('000) 362 935 1,222 1,527 1,982 EBITDA (QRm) (225) (27) 144 284 496 Net Loss (QRm) (673) (601) (486) (401) (246) Distributable Profit (QRm) (304) (197
Slide 18: Contact Details
Contact Details Steve Walters Chief Financial Officer M +974 7777 5464 E steve.walters01@vodafone.com Address: Vodafone Qatar PO BOX 27727 Doha, Qatar Website: www.vodafone.com.qa 18 FY13 Financial Results Presentation