Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar — Q1 FY23 Earnings Presentation
18 slides from Vodafone Qatar Qsc's earnings presentation, Apr 19, 2023
Slide 1: Financial Performance: Three months ended 31 March 2023
Financial Performance: Three months ended 31 March 2023
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 may
Slide 3: Performance Highlights
Performance Highlights Hamad Al-Thani Chief Executive Officer
Slide 4: Key Messages
Key Messages Profitable Growth • 21 consecutive quarters of Y/Y • Highest first quarter Net Profit Revenue growth Q1 FY23 Net Profit is QR 133m (+24.2% Y/Y). Continues Q1 FY23 Total Revenue is QR 776m (+6.2% Y/Y). • Recognized as the World’s Fastest • Radio network coverage & capacity Network Invest
Slide 5: Financial Performance
Financial Performance Masroor Anjum Chief Financial Officer
Slide 6: Q1 FY23 Financial Performance Highlights
Q1 FY23 Financial Performance Highlights Strong revenue Cost Continued Strong subscriber growth efficiency growth in growth profitability • Growth momentum • Expenses increase YoY • EBITDA QR 320m, 6.4% • Mobility subscribers grew continues with total remained lower than increase YoY 4.1% YoY revenu
Slide 7: Strong performance across all financial KPIs
Q1 FY23 Year on Year ⋮ Strong performance across all financial KPIs Revenue Expenses EBITDA Net Profit +6.2% +6.0% +6.4% +24.2% • Total revenue grew QR 45m (6.2%) led by 776 456 320 133 731 430 301 service revenue growth (+12.3%) partially 89 12.3% offset by lower projects revenue 119 107 187 170 •
Slide 8: Service revenue growth continues
Service Revenue ⋮ Service revenue growth continues Postpaid Prepaid Managed services, Fixed & Others Total service revenue +12.3% +3.4% +52% 687 327 180 225 317 611 -8.4% 279 149 534 270 147 137 508 134 474 236 148 118 89 58 FY19 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY23 Q1 FY19 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY2
Slide 9: Improving efficiency and margins
Margin Trends ⋮ Improving efficiency and margins Reported Underlying Reported Margin Underlying margin* OPEX EBITDA +0.1 ppts Net Profit +0.8 ppts Intensity Margin Margin 45.2% 45.3% 17.2% 16.4% 43.8% 28.8% 28.7% +1.1 ppts 13.0% 39.4% 41.3% 40.8% 40.2% 24.9% 35.6% 8.4% 24.9% 36.7% 6.8% 24.5% 24.2% 2
Slide 10: Investments driving profitable growth
Capital Expenditure ⋮ Investments driving profitable growth Capital expenditure (CAPEX) Return on capital employed (ROCE*) +6.9 ppts +0.4 ppts 15.0% 7.9% 10.8% 8.3% 10.2% 3.3% 9.8% 110 6.7% 59 49 4.2% 42 3.3% 26 FY19 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY23 Q1 FY19 FY20 FY21 FY22 Mar 2023 Total CAPEX CAPEX I
Slide 11: Generating strong cash flows
Q1 FY23 Year on Year ⋮ Generating strong cash flows Operating Cash flow* Net Debt Net Debt to EBITDA** +175m +38m -0.15x 288 570 0.61x • Strong cash flow generation with 157% 533 growth YoY reflecting strong collections and working capital optimisation initiatives 0.46x 254 • Despite dividend pay ou
Slide 12: Statutory results summary
Q1 FY23 Year on Year ⋮ Statutory results summary 31 Mar 23 31 Mar 22 • Total revenue grew QR 45m primarily driven by enterprise and equipment Consumer revenue 397 395 2 revenue Enterprise, equipment and other revenues 379 336 43 Total revenue 776 731 45 • Higher direct costs resulting from revenue D
Slide 13: Q&A
Q&A
Slide 14: For more information visit our website
For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.com
Slide 15: Consolidated Statement of Income
Consolidated Statement of Income Three months ended QR m (unless otherwise stated) 31 Mar 23 31 Mar 22 YoY Consumer revenue 397 395 2 Enterprise, equipment and other revenues 379 336 43 • Total revenue grew QR 45m primarily driven by Total revenue 776 731 45 enterprise and handset revenue Interconne
Slide 16: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position QR m (unless otherwise stated) 31 Mar 23 31 Dec 22 Var Assets Property, plant and equipment 1,820 1,885 (65) Intangible assets 4,010 4,050 (40) • Property, plant & equipment and intangible assets decreased by QR 105m due to depreciation and amortisation o
Slide 17: Mobility Subscribers
Mobility Subscribers* Postpaid Prepaid Total Mobility +4.4% +3.9% +4.1% 573 1,537 2,106 569 2,094 1,522 567 2,056 1,489 557 1,464 2,015 548 1,459 2,013 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY23 Q1 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY23 Q1 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY23 Q1 Q1 FY23 Financial Performanc
Slide 18: Mobility ARPU
Mobility ARPU* Postpaid Prepaid Total Mobility -2.8% -13.3% -5.8% 196 195 194 195 34 33 78 77 77 77 191 33 32 74 29 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY23 Q1 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY23 Q1 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY23 Q1 Q1 FY23 Financial Performance * Mobility ARPU is excluding FIFA