Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — 9M 2018 Earnings Presentation
19 slides from Vodafone Qatar Qsc's earnings presentation, Oct 23, 2018
Slide 1: Financial results: nine months ended 30 September 2018
Vodafone Qatar P.Q.S.C. Financial results: nine months ended 30 September 2018 23 October 2018
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: Strategic review
Sheikh Hamad Al Thani Chief Executive Officer Strategic review
Slide 4: Key Messages | Highlights This Quarter
Key Messages | Highlights This Quarter Building the Fixed Acceleration Foundation for on Track Long-term Key enablers in place / Sustainability Switched on first fiber rollout underway / OPEX & CAPEX commercial value rationalization and live 5G Network propositions on track simplifying the way we an
Slide 5: Financial review
Brett Goschen Financial review Chief Financial Officer
Slide 6: Key points to note
Key points to note EBITDA margin Q3 is a seasonally excluding Prior year network low Quarter due to equipment above outage impacting holiday period and Continued focus on 30% for first time YoY comparisons timing of Eid rightsizing cost ever driven by Cost One-off OPEX base and CAPEX Optimisation be
Slide 7: Quarterly Financial Performance (Year on Year)
Quarterly Financial Performance (Year on Year) CY18 Q3 v CY17 Q3 Total revenue (QR m) Expenses (QR m) EBITDA (QR m) Net (loss) / profit (QR m) +12.6% -2.1% +45.1% +123m 484 349 342 142 27 23 429 15 183* 172 98 415 461 166 170 (96) CY17 Q3 CY18 Q3 CY17 Q3 CY18 Q3 CY17 Q3 CY18 Q3 CY17 Q3 CY18 Q3 Servi
Slide 8: Service Revenue (QR m)
Service Revenue (QR m) CY18 Q3 v CY17 Q3 Postpaid Revenue Prepaid Revenue Total Service Revenue +36.0% -6.9% +11.2% 212 208 227 223 226 487 200 201 217 202 472 473 13 13 461 153 415 186 459 CY17 Q3 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY17 Q3 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY17 Q3 CY17 Q4 CY18 Q1 CY18 Q
Slide 9: Total Revenue & ARPU
Total Revenue & ARPU CY18 Q3 v CY17 Q3 Total Revenue (QR m) ARPU (QR) +12.6% +12.5% 536 532 105 105 108 103 13 519 91 484 429 522 CY17 Q3 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY17 Q3 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 Total 19.1% 21.7% 21.2% 21.3% N/A RMS • Total revenue increased 12.6% YoY due to postpaid
Slide 10: EBITDA & Underlying EBITDA margin
EBITDA & Underlying EBITDA margin CY18 Q3 v CY17 Q3 EBITDA (QR m) EBITDA margin % +45% 171 149 30.4% 38 142 31.9% 135 14 28.7% 27.5% 29.3% 98 25.4% 25.4% 27.5% 133 135 25.3% 22.8% CY17 Q3 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY17 Q3 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 Underlying EBITDA One-off’s Reported EBI
Slide 11: CAPEX (QR m)
CAPEX (QR m) CY18 Q3 v CY17 Q3 Quarterly CAPEX Mix Total CAPEX +103.4% Capacity run and Fixed, Cost maintenance 140 Optimisation 115 Program and others 74 39 56 46 30 CY17 Q3 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CAPEX 13.1% 26.1% 14.0% 5.7% 23.7% Capabilities & IT 22 8 Coverage & capacity Intensity Trans
Slide 12: Nine months ended: Financial performance (Year on Year)
Nine months ended: Financial performance (Year on Year) YTD CY18 v YTD CY17 Total revenue (QR m) Expenses (QR m) EBITDA (QR m) Net (loss) / profit (QR m) +4.9% +1.3% +303m +15.8% 1,535 1,095 1,109 75 1,463 425 113 83 367 568 539 1,380 1,421 527 570 (228) Sep-17 Sep-18 Sep-17 Sep-18 Sep-17 Sep-18 Sep
Slide 13: Financial Summary
Financial Summary For Nine Months ended 30 September 2018 QR m 9m to 9m to YoY (unless otherwise stated) Sep-18 Sep-17 Growth (%) Mobile Customers (000) 1,380 1,389 (0.6%) • Customer Base lower, largely impacted by slowing prepaid market and reduction in market sim duality Total Revenue 1,535 1,463
Slide 14: Statement of Financial Position
Statement of Financial Position As at 30 September 2018 QR m Sep-18 Dec-17 Var Assets Property, plant and equipment 1,176 1,202 (26) • Property, plant and equipment reduced by QR 26m due to depreciation of QR Intangible assets 4,386 4,461 (75) 192m offset by CAPEX during the period of QR 166m Trade
Slide 15: Questions ?
Questions ?
Slide 16: Appendix
Appendix
Slide 17: Mobile Customers ('000s)
Mobile Customers (‘000s) CY18 Q3 v CY17 Q3 Postpaid Prepaid Total Mobile Customers +24.3% -7.3% -0.6% 365 1,096 1,071 1,070 1,389 1,390 1,410 1,390 1,380 340 349 1,042 1,016 319 293 CY17 Q3 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY17 Q3 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY17 Q3 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q
Slide 18: Free Cash Flow & Net Debt (QR m)
Free Cash Flow & Net Debt (QR m) CY18 Q3 v CY17 Q3 Free Cash Flow Net Debt (QR m) +12m -22.1% 66 626 620 603 54 554 49 488 17 7 CY17 Q3 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 CY17 Q3 CY17 Q4 CY18 Q1 CY18 Q2 CY18 Q3 • Free Cash Flow increased QR 12m YoY due to higher EBITDA • Lower Net Debt due to continued
Slide 19: Thank You
Thank You The Future Is Exciting For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.com
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