Slide 1: Ooredoo Group Q1 2017 Results
Ooredoo Group Q1 2017 Results 27 Apr 2017 Ooredoo Group Q1 2017 Results 1
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 1. Results review 2. Operations review 3. Additional Information Ooredoo Group Q1 2017 Results 3
Slide 4: Key Highlights
Results Operations Additional Group Results Overview Review Review Information Key Highlights Global customer base further expanded • Strong customer growth by 26% to reach 149 million driven by solid growth across major markets • Ooredoo continues to be a data leader in its markets: 4G roll-out con
Slide 5: Revenue and EBITDA
Results Operations Additional Group Results Overview Review Review Information Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin 8,103 -1% +2% +8% 8,037 8,044 3,427 3,378 -2% 7,888 -5% -1% 3,205 42% 3,179 43% 40% 40% Q1'14 Q1'15 Q1'16 Q1'17 Q1'14 Q1'15 Q1'16 Q1'17 Healthy Revenue gro
Slide 6: Net Profit and Net Debt
Results Operations Additional Group Results Overview Review Review Information Net Profit and Net Debt1 Net Profit Attributable to Ooredoo Net Debt1 (QARm) and Net Debt / shareholders (QARm) EBITDA Net Foreign Exchange -2% -2% -6% 31,614 31,022 30,547 28,825 +75% 887 -43% 879 501 -34% 499 584 769 73
Slide 7: Free Cash Flow and Capital Expenditure
Results Operations Additional Group Results Overview Review Review Information Free Cash Flow and Capital Expenditure Free Cash Flow 1(QARm) CAPEX (QARm) & CAPEX/ Revenue (%) +4% +134% 2,031 1,947 1,946 -16% 1,629 -34% 1,034 -20% 1,070 -32% 830 732 24% 20% 14% 9% Q1'14 Q1'15 Q1'16 Q1'17 Q1'14 Q1'15
Slide 8: Total Group Debt Breakdown
Results Operations Additional Group Results Overview Review Review Information Total Group Debt Breakdown Total Group Debt Breakdown Total Group Debt (QARm) (as at March 31, 2017) Short Term Others Long Term 10% 46,107 44,277 44,499 41,634 Indonesia 8,154 13% 8,383 10,720 3,771 37,953 35,894 37,863
Slide 9: Debt Profile – Ooredoo Q.S.C. level
Group Results Debt Profile – Ooredoo Q.S.C. level 2,000 Loans Bonds Sukuk 1600 1,500 1250 1000 1000 1000 1,000 750 650 500 500 500 500 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2028 2043 Interest/ Issue Loan Type (in USD mn) Amount Usage Rate* Maturity Bonds/Sukuk (in USD mn) Profit Maturi
Slide 10: Total Customers
Results Operations Additional Group Results Overview Review Review Information Total Customers Total Group Customers (000) +26% 149,057 +6% +15% 117,936 110,969 96,660 Q1'14 Q1'15 Q1'16 Q1'17 31 million new customers added, mainly in Indonesia, Myanmar, Iraq, Oman, Algeria and Tunisia Ooredoo Group
Slide 11: 2017 Q1 performance summary
Results Operations Additional Group Results Overview Review Review Information 2017 Q1 performance summary 3 months Q1 2017 / 2017 Annual QAR Millions ended Q1 2016 Guidance March 2017 Consolidated revenue 8,044 +2% -1% to +2% EBITDA 3,427 +8% 0% to +3% Capital expenditure 732 -32% 5.5 bn to 6.5 bn
Slide 12: Ooredoo Maldives IPO
Ooredoo Maldives IPO For further information regarding the Ooredoo Maldives IPO please visit the website via: http://www.ooredoo.mv/investors Ooredoo Group Q1 2017 Results 12
Slide 13: Contents
Contents 1. Results Review 2. Operations Review 3. Additional Information Ooredoo Group Q1 2017 Results 13
Slide 14: Operations: Qatar
Results Operations Additional Group Operations Overview Review Review Information Qatar QARm Qatar Revenue +2% 1,994 2,039 Number of customers increased by 1% YoY Positive results in terms of Revenue, EBITDA and Net Profit Revenue increase driven by fixed line business (dual to triple Q1'16 Q1
Slide 15: Operations: Indonesia
Results Operations Additional Group Operations Overview Review Review Information Indonesia QARm Indonesia Revenue EBITDA & Margin +8% +6% 1,989 1,837 848 902 More than 95 million customers, up 37% compared to March last year 46% 45% Very healthy Revenue growth YoY driven by MIDI (Multimedia Dat
Slide 16: Operations: Iraq
Results Operations Additional Group Operations Overview Review Review Information Iraq QARm Iraq Revenue -1% 1,076 1,061 Customer numbers reaching 12 million, an increase of 13% supported by liberated areas (Mosul, Salahadden and Anbar). Revenue adversely impacted by reduction of interconnect ra
Slide 17: Operations: Oman
Results Operations Additional Group Operations Overview Review Review Information Oman QARm Oman Revenue +2% 646 662 Growth in Revenue driven by mobile and fixed data Customers grew by 9%, first time to exceed 3 million Higher customer acquisition cost, slight drop in EBITDA (-1%) Q1'16 Q1'17
Slide 18: Operations: Kuwait
Results Operations Additional Group Operations Overview Review Review Information Kuwait QARm Kuwait Revenue EBITDA & Margin -6% +20% 604 570 148 124 Weak economic situation and aggressive competition in the market (especially post paid small screen segment) negatively impacting Revenues 26% 20%
Slide 19: Operations: Algeria
Results Operations Additional Group Operations Overview Review Review Information Algeria QARm Algeria Revenue EBITDA & Margin -5% +13% 928 880 398 353 Ooredoo Algeria maintains revenue market share growth 45% 38% despite challenging market conditions and fierce price competition Q1'16 Q1'17 Q1'16
Slide 20: Operations: Tunisia
Results Operations Additional Group Operations Overview Review Review Information Tunisia QARm Tunisia Revenue EBITDA & Margin -7% +5% 408 379 137 144 Healthy Revenue increase in Tunisian Dinar terms despite intense competition 34% 38% Ooredoo managed to improve its margins and maintain market l
Slide 21: Operations: Myanmar
Results Operations Additional Group Operations Overview Review Review Information Myanmar QARm Myanmar Revenue EBITDA & Margin +128% -3% 20 334 323 6% 5% top line increase in local currency driven by growth in data, 9 B2B and VAS offset by depreciation of the Myanmar Kyat 3% Customer number reac
Slide 22: Vote for Ooredoo at Extel survey
Vote for Ooredoo at Extel survey (last day April 29) The EXTEL survey for the Middle Eastern IR society awards is now open. We value your feedback (positive or negative) and on this occasion especially your vote https://app.extelsurveys.com/quickvote Ooredoo Group Q1 2017 Results 22
Slide 23: Contents
Contents 1. Results Review 2. Operations Review 3. Additional Information Ooredoo Group Q1 2017 Results 23
Slide 24: Group CAPEX and Customers Breakdown
Results Operations Additional Additional Information Overview Review Review Information Group CAPEX and Customers Breakdown CAPEX Breakdown (%) Customer Breakdown (%) Others Qatar Others Tunisia Myanmar 1.5% 0.7% 2.4% Iraq 10.7% Qatar 5.4% 8.1% 22.0% Tunisia Myanmar 5.7% 6.3% Algeria 9.3% Algeria 4.
Slide 25: Operations Breakdown: Blended ARPU
Results Operations Additional Group Operations Breakdown Overview Review Review Information Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) 36.6 52.5 54.9 30.6 118.5 50.3 51.2 51.9 29.2 29.5 30.2 126.7 120.9 32.9 31.4 32.2 48.6 116.6 30.3 27.2 26.7 114.3 119.8 29.0 67.0
Slide 26: Statutory Corporate Tax Rates
Results Operations Additional Additional Information Overview Review Review Information Statutory Corporate Tax Rates Statutory Losses C/Fwd Notes Tax Rate Allowed Algeria 26% 4 years Indonesia 25% 5 years Iraq 15% 5 years GCC companies (including NMTC)are exempted and are subjected to 4.5% Zakat, K
Slide 27: Thank You
Thank You Website: ooredoo.com Follow us Email: IR@ooredoo.com Twitter: @OoredooIR Upcoming 2017 Q2 Results – July 28, 2017 Events Ooredoo Group Q1 2017 Results 27