Mobile Telecommunications Company K.s.c.p · KSE:ZAIN
Mobile Telecommunications Company K.s.c.p — Mobile Telecommunications Company (MTC) — Q1 2006 Earnings Presentation
26 slides from Mobile Telecommunications Company K.s.c.p's earnings presentation, 2006
Slide 1: Investor Relations Presentation Q1 2006
Go to master slide to type the subtitle Investor Relations Presentation Q1 - 2006
Slide 2: Disclaimer
Disclaimer Certain expectations and projections regarding future performance of the company referenced in this presentation may be “forward-looking” statements within the meaning of applicable securities laws and regulations. These are statements which the management believes are true at the time of
Slide 3: Leading mobile operator in Middle East and Africa
When we look back on our accomplishments, we can’t but feel proud for becoming one of the leading mobile operators in the Middle East and Africa in less than three years. When we look ahead and see all the promising opportunities, we can’t but realize that there is still a lot to be done. In the end
Slide 4: MTC values
MTC values MTC values Excellence • Corporate excellence has led MTC to achieve its market-leading position in MEA • Performing at the highest standards to deliver excellent P&S to customers, returns to shareholders as well as excellent conditions for employees Benevolence Diversity • Promoting toler
Slide 5: MTC Group vision and mission
MTC Group vision and mission Vision MTC Vision/Mission pillars • “MTC will become a global wireless operator by 2010 - through a “3x3x3” profitable expansion plan” Wireless Beyond mobile provider Beyond Mission telecommuni- Entertainment positioning cations • “MTC will become a reference as a succes
Slide 6: Vision of MTC Group
Vision of MTC Group Strategy 2003 – 2005 2006 – 2008 2009 – 2011 Regional International Global 2003 2004 2005 2006 2007 2008 2009 2010 2011
Slide 7: MTC history
MTC history MTC history Awarded GSM license in Iraq Acquisition of Celtel Acquired Fastlink Awarded 2nd – the leading GSM license in Jordanian mobile the Kingdom of 1st 3G nationwide operator Bahrain Coverage in the Gov. of Kuwait Middle East Introduced GSM (Bahrain) reduced its stake in Kuwait – on
Slide 8: MTC Share Price Evolution
MTC Share Price Evolution Dec 2005 USD 750m Murabaha Loan April 2005 Acquired 85% Dec 2005 of Celtel Nov 2005 Acquisition in 100% Capital Madagascar Increase Feb 2006 Acquisition of 61% of Mobitel 2004 2005 Q1 2006 MTC Market Capitalization: $6 b $13.2b $11.8 b
Slide 9: Group Structure
Group Structure 100% MTC 100% International Middle East Kuwait 85% Celtel 96.5% International Jordan 96% 100% Burkina Chad MTC Faso 60% 90% 99% GROUP Bahrain Congo B DRC 84% 60% 30% Gabon Kenya 100% 89% Iraq Malawi Zambia 100% 70% 100% Mgmt Contract Sierra Niger Leone Africa Lebanon 60% 100% Tanzani
Slide 10: Snapshots
Snapshots • Founded in 1983 in Kuwait • Listed on the Kuwait Stock Exchange in 1999 • First to launch EDGE /3G commercially in the Major Middle East milestones • Vodafone co-branding for MTC Kuwait and Bahrain • Acquisition of Celtel in 2005 • With 19 operations in two continents MTC is among the op
Slide 11: MTC Group Overview
MTC Group Overview Group MTC GROUP Customers Net Q1 2005 Revenue EBITDA (000) Income Middle East 7,834 438,124 244,028 165,051 Africa 7,793 312,960 116,437 55,376 Group 15,627 751,084 359,126 199,402 Financials $ (000) Comparative Annual Growth Customers 348% Revenues 144% EBITDA 91% Net Income 42%
Slide 12: Group highlights Q1 2006
Middle East & Africa Q1 2006 Group highlights (Millions) 800 751 700 600 500 438 359 400 313 244 300 199 200 165 116 55 100 0 Middle East Africa Group Revenues (US$) EBITDA (US$) Net Profit (US$) Customers at Q1 2006 Middle Africa East 50% 50% Million Million 7.8 7.8 Africa Subs Middle East Subs
Slide 13: Middle East Overview
Middle East Overview Middle East Middle East (Q1 2006) Operations: 6 Customers (k): 7,834 Employees: 4,000 Revenue (k): 438,124 EBITDA (k): 244,028 Net Profit (k): 165,051 Kuwait Jordan Bahrain Jordan Iraq Sudan
Slide 14: MTC Vodafone – Kuwait
MTC Vodafone – Kuwait 715 359 354 611 333 Thousands 427 393 USD m 353 1,076 1,124 329 929 189 119 98 2004 2005 Q1 2006 2004 2005 Q1 2006 Prepaid Customers Postpaid Customers Revenue EBITDA Net Profit Kuwait MTC-Vodafone Kuwait was established in 1983 is the Group’s flagship and main source of reven
Slide 15: MTC Vodafone – Bahrain
MTC Vodafone – Bahrain 70 30 26 35 Thousands USD m 24 16 8 21 176 197 n/a 1 4 84 (22) 2004 2005 Q1 2006 (34) 2004 2005 Q1 2006 Prepaid Customers Postpaid Customers Revenue EBITDA Net Profit Bahrain Fastest GSM/3G deployment in the Middle East 3-year co-branding agreement with Vodafone Population (
Slide 16: Fastlink – Jordan
Fastlink – Jordan 456 417 209 202 Thousands 193 USD m 242 1,937 1,814 189 145 946 103 112 51 27 2004 2005 Q1 2006 2004 2005 Q1 2006 Prepaid Customers Postpaid Customers Revenue EBITDA Net Profit Fastlink Jordan was first mobile provider in the country and Jordan continues to retain a commanding mar
Slide 17: MTC Atheer – Iraq
MTC Atheer – Iraq 38 38 123 Thousands USD m 1,478 65 69 1,035 3 31 26 241 n/a 6 3 12 2004 2005 Q1 2006 2004 2005 -4 Q1 2006 Prepaid Customers Postpaid Customers Revenue EBITDA Net Profit Iraq Completed first-year requirements set by the Ministry in a record Population (m) 26.1 time and launched it
Slide 18: MTC Touch – Lebanon
MTC Touch – Lebanon 127 127 123 Thousands 54 USD m 382 389 30 318 14 7 7 2 2 2 2 2004 2005 Q1 2006 2004 2005 Q1 2006 Prepaid Customers Postpaid Customers Revenue EBITDA Net Profit Lebanon The Lebanese Government awarded MTC a contract to manage one of the existing two mobile phone networks for a f
Slide 19: Mobitel – Sudan
Mobitel – Sudan 151 Thousands 95 89 58 USD m 1,893 Q1 2006 Q1 2006 Revenue EBITDA Net Profit Prepaid Customers Postpaid Customers Sudan Launched in in 1996. Celtel acquired 39% of Mobitel in March 2001. Population (m) 34.36 After MTC acquired Celtel in March 2005, MTC made the acquisition GDP/
Slide 20: Africa Overview
Africa Overview Africa Africa (Q1 2006) Operations: 13 Customers (k): 7,793 Employees: 4,000 Revenue (k): 312,960 EBITDA (k): 116,437 Net Profit (k): 55,376 Burkina Faso Chad Congo B DRC Gabon Kenya Madagascar Malawi Niger Sierra Leone Tanzania Uganda Zambia
Slide 21: Celtel – Africa Overview
Celtel – Africa Overview Africa headlines Licenses cover a population of 233 mil people 7.8 Strong Growth million managed customers Market Leader in 8 of 13 countries • Invested over USD 1 billion in networks Since the Celtel acquisition in May 2005, MTC’s Market Low penetration Capitalization
Slide 22: Celtel – Africa Q1 2006
Celtel – Africa Q1 2006 Operations Ownership Customers Revenues (000s) (USD 000s) Burkina Faso 96% 345 12,604 Chad 100% 244 13,692 Congo B 90% 413 26,733 DRC 99% 1,285 53,369 Gabon 84% 393 34,342 Kenya 60% 2,013 43,857 Madagascar 100% 228 8,077 Malawi 100% 240 8,474 Niger 70% 265 13,681 Sierra Leone
Slide 23: Contribution from Celtel Operations
Contribution from Celtel Operations Customers (Q1 2006) Revenues (Q1 2006) Burkina Faso Burkina Faso 5% 5% Zambia Zambia C had Chad 4% 3% Uganda 4% Uganda 5% 14% 15% C ongo B 6% Tanzania 4% Congo B Tanzania 10% Sierra Leone 3% 5% Sierra Leone DRC 4% 18% Niger Niger 3% DRC 3% 19% Malawi Malawi 3% 3%
Slide 24: Africa's Future
Africa’s Future Growth Potential Africa is the fastest growing region in the world for mobile services Sub Saharan Africa grew 67% last year compared with Strong Growth 10% in W Europe In 2004, there were more new mobile customers in Africa than in North America or Europe. Today there are over
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Slide 26: Thank you
Go to master slide to type the subtitle Thank you For further information, please contact: Mr. Ibrahim Adel MTC Investor Relations Director PO BOX 22244 Safat, 13083 Kuwait Telephone: +965 484 2000 ext 1973 Fax: +965 481 5036 Email: i.adel@mtc.com.kw
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