Slide 1: Ooredoo Group 9M 2014 Results
Ooredoo Group 9M 2014 Results
Slide 2: Disclaimer
Disclaimer Ooredoo (parent company Ooredoo Q.S.C.) and the group of companies which it forms part of (“Ooredoo Group”) cautions investors that certain statements contained in this document state Ooredoo Group management's intentions, hopes, beliefs, expectations, or predictions of the future and,
Slide 3: Contents
Contents Results review Operations review 3 | 9M 2014 | Ooredoo Group Results Call
Slide 4: Key 2014 9M Highlights
Group Results Overview Results Review Strategy Review Operations Review Additional Information Key 2014 9M Highlights Group revenue down by 3%, challenges in some key markets continue • Positive performances in Qatar, Oman and Algeria; challenging market environments in Indonesia, Kuwait, Iraq and T
Slide 5: Revenue and EBITDA
Group Results1 Overview Results Review Strategy Review Operations Review Additional Information Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin +7% -4% +3% 11,685 +5% -3% -9% 11,225 25,477 10,933 24,835 24,839 10,234 23,573 46% 47% 44% 41% 9M'11 9M'12 9M'13 9M'14 9M'11 9M'12 9M'13
Slide 6: Net Profit and Net Debt
Group Results Overview Results Review Strategy Review Operations Review Additional Information Net Profit and Net Debt1 Net Profit Attributable to Ooredoo Shareholders (QARm) Net Debt1 (QARm) and Net Debt/EBITDA ratio Net Foreign Exchange -4% +43% +6% +0.3% 30,530 2,069 +0.5% 28,805 2,156 2,149 2,07
Slide 7: IM2 provision
IM2 provision IM2, a subsidiary of Indosat, has been involved in a litigation concerning a 2006 contract between IM2 and Indosat. Under that contract IM2 leased capacity in Indosat's 3G/HSDPA 2.1 GHz network and IM2 offered a mobile internet dongle service to its customers. The Indonesian author
Slide 8: Free Cash Flow and Capital Expenditure
Group Results Overview Results Review Strategy Review Operations Review Additional Information Free Cash Flow and Capital Expenditure Free Cash Flow1 (QARm) Capex (QARm) and Capex/Revenue (%) +46% +1% +21% 6,165 6,209 4,951 -9% 4,077 4,668 4,229 -54% -16% 2,255 1,893 24% 25% 20% 17% 9M'11 9M'12 9M'1
Slide 9: Total Group Debt Breakdown
Group Results Overview Results Review Strategy Review Operations Review Additional Information Total Group Debt Breakdown Total Group Debt (QARm) Total Group Debt Breakdown (as of September 30, 2014) Short-term Others Long-term 7% 46,200 41,778 42,642 Indonesia 15% 4,916 14,747 8,122 33,771 6,885 1
Slide 10: Debt Profile – Ooredoo Q.S.C. Only
Group Results Overview Results Review Strategy Review Operations Review Additional Information Debt Profile – Ooredoo Q.S.C. Only (US$ millions) 2,000 Loans 1600 Bonds Sukuk 1,500 1250 1000 1000 1000 1000 1,000 750 498 500 500 500 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2028 2043 Lo
Slide 11: Total and Proportional Customers
Group Results Overview Results Review Strategy Review Operations Review Additional Information Total and Proportional Customers Total Customers Proportional Customers +7% +8% +8% +0% +15% 95,656 66,391 89,190 89,559 61,706 +13% 82,422 53,552 47,494 1 9M'11 9M'12 9M'13 9M'14 9M'11 9M'12 9M'13 9M'14 C
Slide 12: 2014 9M Performance Summary
Group Results Overview Results Review Strategy Review Operations Review Additional Information 2014 9M Performance Summary 9 months ended 9M 2014 / 2014 Annual QAR Millions September 2014 9M 2013 Guidance Consolidated revenue 24,839 -3% 0 - 3% EBITDA 10,234 -9% (-1%) – (-3%) Net profit attributable
Slide 13: Contents
Contents Results review Operations review 13 | 9M 2014 | Ooredoo Group Results Call
Slide 14: Qatar
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Qatar QARm Revenue +9% • Growth in revenue driven by mobile services, 5,286 broadband (home BB and mobile BB), TV and 4,860 mega projects (Hamad International Airport, Lusail City). • Healthy growth in
Slide 15: Indonesia
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Indonesia QARm Revenue EBITDA & Margin • Revenue flat in local currency -15% -18% 6,459 3,060 5,501 2,504 • Network modernization progress phase 2 for Ex- Java area is on track. Currently, 13 out of 14
Slide 16: Iraq
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Iraq QARm • Negative impact on revenues continues reasoned by competition and lack of security across Iraq Revenue • Impact of violence more visible in Q3‟14: 5,310 -10% o Partial loss of data business
Slide 17: Oman
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Oman QARm Revenue • Strong revenue growth is driven by increases in +11% mobile data revenue, international voice revenue 1,636 partially offset by a decrease in SMS revenue. 1,470 • Higher revenue posi
Slide 18: Kuwait
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Kuwait QARm • Customer number up 26% to 2.4 mill, Revenue EBITDA & Margin • Successful rebranding - momentum in gross additions (Gross addition market share 1,916 -16% estimated at 38% in Q3). 1,615 -35
Slide 19: Algeria
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Algeria QARm Revenue EBITDA & Margin • Strong revenue and EBITDA growth driven by 3G leadership and successful rebranding +22% 3,507 • Q3 2014 EBITDA impacted by higher 2,879 +14% 1,366 advertising cost
Slide 20: Tunisia
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Tunisia QARm • Market leadership maintained despite challenging macroeconomic environment and increasing level of Revenue EBITDA & Margin competition. Rebranding impacting EBITDA margin -6% • Stable cus
Slide 21: Myanmar
Group Operations Overview Results Review Strategy Review Operations Review Additional Information Myanmar QARm • Mid August launch of commercial service – Revenue reached 12 million people in 68 cities and towns including the three largest cities Yangon, 54 Mandalay and the capital Nay Pyi Taw • Cel
Slide 22: Contents
Contents Results review Operations review Additional information 22 | 9M 2014 | Ooredoo Group Results Call
Slide 23: Key Operations Importance to Group
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Key Operations Importance to Group Revenue (QARm) EBITDA (QARm) 24,835 25,477 24,839 23,573 11,685 11,225 10,933 10,234 9M'11 9M'12 9M'13 9M'14 9M'11 9M'12 9M'13 9M'14 Qatar 4,244 4,645 4,860 5,28
Slide 24: Key Operations Importance to Group
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Key Operations Importance to Group Capex Total Customers Myanmar, Tunisia, 7.8% Others, 1.2% 10.9% Others, 2.0% Qatar, 12.7% Qatar, 3.2% Myanmar, 1.1% Iraq, 12.9% Tunisia, 3.8% Algeria, 12.0% Iraq
Slide 25: Blended ARPU development
Results Strategy Operations Additional Additional information Review Review Review Information Blended ARPU development (QAR) Qatar Iraq Oman Maldives Palestine 142.3 56.2 56.7 37.4 133.0 133.0 129.5 134.0 129.9 54.8 44.0 41.9 43.4 43.1 34.7 34.7 50.1 65.7 65.1 63.8 64.8 65.6 66.3 40.3 41.5 47.6 32.
Slide 26: Qatar – Ooredoo
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Qatar Key Developments Operator Importance to Group Growth in revenue driven by mobile services, broadband Customers: 3.2%; Revenue: 21.3%; EBITDA: 25.7%; Capex: 12.7% (home BB and mobile BB), T
Slide 27: Iraq – Asiacell
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Iraq Key Developments Operator Importance to Group Negative impact on revenues continues reasoned by competition and Customers: 12.9%; Revenue: 19.3%; EBITDA: 22.2%; Capex: 16.8% lack of securit
Slide 28: Myanmar
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Myanmar Key Developments Operator Importance to Group Mid August launch of commercial service –reached 12 million Pop: 51.4M (2014 est.) Myanmar people in 68 cities and towns including the three
Slide 29: Indonesia
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Indonesia Key Developments Operator Importance to Group Revenue flat in local currency Customers: 56.7%; Revenue: 22.1%; EBITDA: 24.5%; Capex: 27.4% Network modernization progress phase 2 for
Slide 30: Oman – Nawras
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Oman Key Developments Operator Importance to Group Strong revenue growth is driven by increases in mobile data Customers: 2.6%; Revenue: 6.6%; EBITDA: 8.2%; Capex: 7.4% revenue, international vo
Slide 31: Kuwait – Wataniya
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Kuwait Key Developments Operator Importance to Group Customer number up 26% to 2.4 mill, Customers: 2.5%; Revenue: 6.5%; EBITDA: 3.3%; Capex: 5.7% Successful rebranding - momentum in gross add
Slide 32: Algeria – Nedjma
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Algeria Key Developments Operator Importance to Group Strong revenue and EBITDA growth driven by 3G Customers: 12.0%; Revenue: 14.1%; EBITDA: 13.4%; Capex: 13.3% leadership and successful rebran
Slide 33: Tunisia – Tunisiana
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Tunisia Key Developments Operator Importance to Group Market leadership maintained despite challenging macroeconomic Customers: 7.8%; Revenue: 7.2%; EBITDA: 8.3%; Capex: 3.8% environment and inc
Slide 34: Palestine – Wataniya
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Palestine Key Developments Operator Importance to Group Continued overall slow economy impacted by political Customers: 0.7%; Revenue: 1.0%; EBITDA: 0.4%; Capex: 0.9% escalations. Q3'14 revenu
Slide 35: Maldives – Wataniya
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Maldives Key Developments Operator Importance to Group Q3 Revenue improved due to higher subscriber base . Customers: 0.3%; Revenue: 0.6%; EBITDA: 0.4%; Capex: 0.4% Sub & revenue growth mainta
Slide 36: Pakistan and Philippines – wi-tribe
Additional Information Overview Results Review Strategy Review Operations Review Additional Information wi-tribe Pakistan Key Developments Operator Importance to Group Fixed wireless customer base at the end of Sep 2014 at Customers: 0.2%; Revenue: N/A; EBITDA: N/A; Capex: N/A 176K compared to 202
Slide 37: Statutory Corporate Tax Rates
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Statutory Corporate Tax Rates Statutory Losses C/Fwd Notes Tax Rate Allowed Algeria 25% 4 years Indonesia 25% 5 years Iraq 15% 5 years GCC companies (including NMTC)are exempted and are subjected
Slide 38: Key Operating Country Statistics
Additional Information Overview Results Review Strategy Review Operations Review Additional Information Key Operating Country Statistics Algeria Indonesia Iraq Kuwait Maldives Myanmar Oman Qatar KSA Tunisia 2014 (est.) GDP real growth % 3.8 5.2 -2.7 1.4 4.5 8.5 3.4 6.5 4.6 2.8 (2013) (2.8) (5.8) (4.
Slide 39: Thank you
Thank you Follow us Website: ooredoo.com Email: IR@ooredoo.com Twitter: @OoredooIR