Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — Emirates Integrated Telecommunications Company (du) — Q4 2008 Earnings Presentation
10 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, Feb 9, 2009
Slide 1: Qtr 4 and 2008 Overview
Qtr 4 and 2008 Overview Earnings Conference Call 9 February 2009 Osman Sultan- CEO Mark Shuttleworth- CFO Company Confidential 1
Slide 2: Highlights - In brief
Highlights- In brief First profitable year achieved in less than 2 years of operation Continued Strong Quarter on Quarter Performance in 2008 Highlights for the fourth quarter: Highlights for the full year 2008: • 628,000 mobile customers added during the • 1,881,000 mobile customers acquired; quart
Slide 3: Revenue & Margins
Revenue & Margins Strong Revenue growth and increasing Gross Margins Total Revenue 1,400 92% ▲ 1,200 1,227 • CAGR of 92% Revenue growth over 4 quarters 1,000 1,060 908 • Driven by CAGR of 207% in mobile revenue AED Millions 800 756 600 640 400 412 200 900 Gross Margin 70% 0 Q3-07 Q4-07 Q1-08 Q2-08 Q
Slide 4: Revenue Drivers - Mobile
Revenue Drivers - Mobile Strong mobile growth driven by 2.5m active mobile subscribers Revenue - Mobile 900 207% ▲ • CAGR of 207% Revenue growth over 4 quarters 800 840 • Driven by CAGR of 104% in active subscribers 700 730 • Critical mass now achieved to sustain profitable growth 600 595 • Challeng
Slide 5: Revenue Drivers - Fixed
Revenue Drivers - Fixed 160,000 Lines - Telephony Fixed Strong Uptake in Services 140,000 141,611 40% ▲ 120,000 129,029 116,702 100,000 103,960 80,000 Revenue - Fixed 60,000 300 40,000 20,000 72% ▲ 250 0 Q1-08 Q2-08 Q3-08 Q4-08 242 200 208 212 Lines - TV AED Millions 70,000 168 82% ▲ 150 60,000 58,3
Slide 6: Revenue Drivers - Wholesale & Broadcasting
Revenue Drivers - Wholesale & Broadcasting Steady contribution Revenue - Wholesale • International & Wholesale suffered from significant disruption due to cable cuts in Qtr 1 and Qtr 2 of 4% ▲ 120 2008 112 • Rebuilding of partnerships continues 108 100 96 89 80 AED Millions 75 60 Revenue - Broadcast
Slide 7: Profit & Loss
Profit & Loss Growth in Revenues translated into sustainable returns 300 EBITDA 30% • EBITDA for 2008 of 368m compared with loss AED706m 250 for 2007 20% 236 200 • EBITDA quarterly growth through operating efficiency 10% 150 • Growth will slow down due to economic environment 100 0% 101 • Financial
Slide 8: Capital Investments and Cash flow
Capital Investments and Cash flow Operation cash flow positive by Qtr2 Loan facility of AED 3Bn in place before economic slowdown on favorable terms Capex Additions • Capital investment in network continued 1,000 • Qtr4 profile represents significant catch up from Qtr 3 900 929 800 • Guidance given
Slide 9: 2009 Macro Economic Challenges
2009 Macro Economic Challenges 9
Slide 10: Q&A
Q&A 10
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