Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — Q1 2016 Earnings Presentation
12 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, April 2016
Slide 1: Q1 2016 Results
Q1 2016 Results Emirates Integrated Telecommunications Company PJSC April 2016
Slide 2: Q1 Financial Highlights
Q1 Financial Highlights Total Revenue Net Profit before Free Cash Flow Mobile subscribers EBITDA (000s) (AED M) (AED M) Royalty (AED M) (AED M) +1.3% +7.0% +10.4% +1.9% +8.1% 3,051 3,090 1,390 1,021 8,089 925 1,299 890 7,485 873 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Q1 2015
Slide 3: Market overview
Market overview Market share consolidation – sustain competitiveness in the market UAE Mobile Subscribers - Market share quarterly evolution UAE Telecom Market – Revenue share quarterly evolution 60.0% 80.0% 70.0% 70.5% 55.0% 53.7% 60.0% 50.0% 50.0% 40.0% 46.3% * 45.0% 30.0% 29.5% 20.0% 40.0% Etisal
Slide 4: Total Revenues
Total Revenues Quarterly Revenue (AED M) Full Year revenue (AED M) +1.3% 3,051 3,091 3,047 3,148 3,090 12,238 12,337 3,051 3,090 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 FY 2014 FY 2015 Q1 2015 Q1 2016 Quarterly Mobile Revenues (AED M) Quarterly Fixed Revenue (AED M) -0.9% +2.3% 2,316 2,231 2,230 2,2
Slide 5: Revenue Drivers
Revenue Drivers Increase in mobile subscribers impacted by MNMI Mobile Subscribers Active 90 Days (‘000) Quarterly Fixed Lines (‘000) +8.1% +5.3% 686 8,089 674 664 7,723 651 655 7,485 7,356 7,275 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Quarterly Mobile ARPU (A
Slide 6: Revenue Drivers – Mobile Data
Revenue Drivers – Mobile Data Data revenues continue to grow steadily Quarterly Mobile Data Revenues (AED M) Full Year Mobile Data Revenues (AED M) +8.9% 40.0% 784 779 716 719 742 35.0% 2,961 2,759 34.2% 34.0% 32.7% 31.2% 30.0% 30.7% 25.0% 779 32.2% 716 29.7% 30.7% 34.0% 20.0% Q1 2015 Q2 2015 Q3 201
Slide 7: EBITDA
EBITDA Quarterly EBITDA (AED M) Full Year EBITDA (AED M) +7.0% 5,419 1,404 5,030 1,390 1,378 1,339 1,299 1,299 1,390 42.6% 45.2% 44.6% 45.0% 43.3% 43.9% 45.0% 41.1% 42.6% Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 FY 2014 FY 2015 Q1 2015 Q1 2016 EBITDA (AED M) EBITDA % EBITDA (AED M) EBITDA % Steady im
Slide 8: Net profit before royalty
Net profit before royalty Solid Net Profit Before Royalty growth Quarterly Net Profit before Royalty (AED M) Full Year Net Profit before Royalty (AED M) +10.4% 1,021 3,702 3,862 987 978 972 925 1,021 925 31.7% 31.9% 31.3% 33.1% 31.3% 33.1% 30.3% 30.2% 30.3% Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 FY
Slide 9: Net Profit after Royalty
Net Profit after Royalty Increasing royalty rates – Effective royalty increasing to 53.0% from 47.3% in Q1 2015 Quarterly Net Profit after Royalty (AED M) Full Year Net Profit after Royalty (AED M) -1.4% 2,109 1,941 487 502 490 480 462 487 480 16.0% 16.2% 16.1% 15.5% 17.2% 14.7% 15.7% 16.0% 15.5% Q1
Slide 10: Capital Investments
Capital Investments Quarterly CapEx Additions (AED M) Full Year CapEx Additions (AED M) -23.4% +2.7% 712 1,659 1,703 422 363 207 159 207 13.6% 13.8% 159 6.8% 5.1% Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 FY 2014 FY 2015 Q1 2015 Q1 2016 CapEx Additions (AED M) CapEx Additions as % of Revenue 10
Slide 11: Free cash flow
Free cash flow Solid free cash flow generation Quarterly Free Cash Flow (AED M) Full Year Free Cash Flow (AED M) +1.9% +3.7% 2,188 2,267 1,133 1,054 873 890 873 890 FY 2014 FY 2015 Q1 2015 Q1 2016 (792) Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Free cash flow is defined as cash from operations less sp
Slide 12: Disclaimer
Disclaimer • Emirates Integrated Telecommunications Company PJSC (hereafter ”du”) is a telecommunication services provider in the UAE. • du cautions investors that certain statements contained within this document state management’s intentions, hopes, beliefs, expectations or predictions of the futu
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