Pakistan Telecommunication Co. Ltd. Class A · PSX:PTC
Pakistan Telecommunication Co. Ltd. Class A — Q1 2022 Earnings Presentation
23 slides from Pakistan Telecommunication Co. Ltd. Class A's earnings presentation, Apr 21, 2022
Slide 1: PTCL Investor Call Financial Results – Q1 2022
PTCL Investor Call Financial Results – Q1 2022 21st April, 2022
Slide 2: Disclaimer
Disclaimer Pakistan Telecommunications Company Limited (PTCL) and its subsidiaries have prepared this presentation in good faith, however, no warranty or representation, express or implied is made as to the adequacy, correctness, completeness or accuracy of any numbers, statements, opinions or estim
Slide 3: Business Overview
Business Overview Hatem Bamatraf President & Chief Executive Officer PTCL Group
Slide 4: PTCL Group
Consumer Business BPO SME Enterprise Solution PTCL GROUP RETAIL SERVICES Cloud & Digital Managed Connectivity Services Services MICROFINANCE BANKING • Lending & Deposits • Home remittances • Islamic banking IT solutions Security Solutions INTERNATIONAL DVCom & SmartSky
Slide 5: Key Highlights – Q1 2022
Key Highlights – Q1 2022 Top line growth of 3.2% with contribution from all OPCOs PTCL EBITDA of PKR 10 B Group Net loss of PKR 1.56 B Revenue increased by 4% YoY which is mainly contributed by growth of 10% in wireline data and corporate & wholesale services. PTCL EBITDA of PKR 5 B Net
Slide 6: Key Operational Highlights – Q1 2022
Key Operational Highlights – Q1 2022 Leading the FBB market with highest market Revenue growth of 1% YoY despite MTR and 13% revenue growth in comparison to last share (74%) and highest net adds AIT. Normalized growth – 5.3% year supported by increase in deposit base by contribution. 9 B and l
Slide 7: Financial Highlights
Financial Highlights Nadeem Khan Chief Financial Officer PTCL Group
Slide 8: PTCL Group Key Financials – Q1 2022
PTCL Group Key Financials – Q1 2022 3% YoY growth in Revenue PKR Million Revenue EBITDA & Margin % Net Profit & Margin % +3% +5% -9% 0% 35,662 11,015 11,044 35,051 -197% -77% 10,073 33,960 1,607 369 32% 5% 31% 29% 1% -4% -1,558 Q1 2021 Q1 2022 Q1 2022 Q1 2021 Q1 2022 Q1 2022 Q1 2021 Q1 2022 Q1 2022
Slide 9: PTCL Group – YoY Revenue Evolution Q1 2022
PTCL Group – YoY Revenue Evolution Q1 2022 3.2% increase in top line contributed by all OPCOs PKR Million % YoY Growth 35,662 +3.2% 35,051 52 352 121 +5.0% 670 33,960 +4% +1% +13% Q1 2021 PTCL Ufone Ubank Eliminations Q1 2022 Q1 2022 Adjusted Investor Presentation Q1 2022 www.ptcl.com.pk 9
Slide 10: PTCL Group – YoY EBITDA Evolution Q1 2022
PTCL Group – YoY EBITDA Evolution Q1 2022 EBITDA remained under pressure due to increase in fuel and power rates and inflation, normalized for these factors PKR Million EBITDA remained stable -9% 11,015 11,044 +0.3% 427 290 225 10,073 0 32% 29% 31% -8% -6% -32% Q1 2021 PTCL Ufone Ubank Eliminations
Slide 11: PTCL Group – YoY Net Profit Evolution Q1 2022
PTCL Group – YoY Net Profit Evolution Q1 2022 Group’s bottom line is affected by External factors including energy price hikes, AIT imposed by GoP, Mobile Termination PKR M Rates, PKR devaluation and interest rates – Normalized for these factors Group profit stands at PKR 369M for Q1 2022 -197% 1,60
Slide 12: PTCL Key Financials – Q1 2022
PTCL Key Financials – Q1 2022 4% YoY growth in revenue with 10% YoY growth in net profit PKR Million Revenue EBITDA & Margin % Net Profit & Margin % +4% 19,602 -8% 18,932 5,555 5,128 +10% 1,906 1,727 29% 10% 9% 26% Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Investor Presentation Q1 2022 www.ptc
Slide 13: Growth in Fixed Broadband subscribers
Continuous improvement in customer experience and aggressive sales strategy helped growth in Fixed Broadband subscribers leading to double digit revenue growth xDSL (‘000) FTTH (‘000) FBB (‘000) +2% +103% +6% 1,427 1,451 124 1,575 24 K 63 K 87 K 1,488 61 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 20
Slide 14: PTCL Revenue
PTCL Revenue Wireline data and corporate & wholesale segment is main driver for revenue growth in Q1 2022 Change % PKR Million Q1 2022 YoY Wireline Data 8,403 10% Wireless Data 577 -7% Voice 2,299 -11% Retail 11,280 4% Corporate & Wholesale 5,754 10% International 2,568 -10% Total 19,602 4% Investor
Slide 15: PTCL – EBITDA YoY Evolution Q1 2022
PTCL – EBITDA YoY Evolution Q1 2022 PKR Million EBITDA decreased by 7.7% -7.7% 100 5,555 670 1,197 5,128 29% 26% Q1 2021 Revenue Cost of Sales OPEX Q1 2022 % EBITDA Margin Investor Presentation Q1 2022 www.ptcl.com.pk 15
Slide 16: PTCL – Net Profit YoY Evolution Q1 2022
PTCL – Net Profit YoY Evolution Q1 2022 10% YoY increase in Net Profit PKR Million +10% 73 1,906 1,727 427 858 180 Q1 2021 EBITDA D&A Non Operating Taxation Q1 2022 Investor Presentation Q1 2022 www.ptcl.com.pk 16
Slide 17: Balance Sheet
PTCL Balance Sheet Strong Unleveraged Balance Sheet Balance Sheet PKR Million Dec-21 Mar-22 Property, Plant and Equipment 121,508 122,356 Long term loans and advances 9,077 8,484 Other Non Current Assets 35,269 35,166 Non Current Assets 165,854 166,007 Trade debts 27,937 31,077 Stores and spares 5,5
Slide 18: Cash Flow Statement
PTCL Cash Flow Statement Cash Flow Statement PKR Million Mar-21 Mar-22 Cash Flows from operating activities 6,328 4,267 Cash Flows from investing activities (2,974) (3,665) Cash Flows from financing activities (89) (119) Net Inc/(Dec) in Cash & Cash Equivalents 3,265 484 Opening Cash & Cash Equivale
Slide 19: Summary & Conclusion
Summary & Conclusion
Slide 20: Summary & Conclusion
Summary & Conclusion PTCL Group reported 3.2% YoY growth in topline, with positive contribution by all OPCOs. Fastest growing FTTH operator, with more than 100% growth in subscriber base, along with healthy growth in Business Services, with continued focus on data and cloud services. Ufone has shown
Slide 21: Questions & Answers
Questions & Answers
Slide 22: Investor Relations
Investor Relations PTCL Investor Relations Email: amir.siddiqi@ptclgroup.com
Slide 23: Thank You
THANK YOU
Pakistan Telecommunication Company — Q1 2022 Earnings Presentation on 6ix