Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — FY2021 Earnings Presentation
21 slides from Vodafone Qatar Qsc's earnings presentation, Feb 3, 2022
Slide 1: Financial results: Year ended 31 December 2021
Vodafone Qatar P.Q.S.C. Financial results: Year ended 31 December 2021 03 February 2022 C1 Public
Slide 2: Disclaimer
2 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 m
Slide 3: Quarterly
QUARTERLY Hamad Al Thani Chief Executive Officer C1 Public
Slide 4: Executive Summary Key Messages
4 Executive Summary Key Messages Turnaround Strategy Infrastructure Readiness Healthier Empowering Customers is On Track for FIFA 2022 World Cup Revenue Mix by Digitalising Experience ➢ 16 Consecutive Y/Y ➢ Vodafone is Getting Ready ➢ Capturing Quarter of the ➢ Driving Digital Adoption Quarterly Rev
Slide 5: Financial
FINANCIAL Masroor Anjum Chief Financial Officer (Acting) C1 Public
Slide 6: FY 2021 Financial Performance Highlights
6 FY 2021 Financial Performance Highlights Strong Revenue growth YoY Highest ever profitability levels in FY21 • Total Revenue grows Cost control Growing mobility 14.8% led by service • Reported EBITDA Margin subscribers revenue increase of 10.4% • Despite significant of 40.8% expansion in mobile &
Slide 7: FY 2021 Financial Performance Year on Year
7 FY 2021 Financial Performance Year on Year | QRm Total Revenue Expenses EBITDA Net Profit +15% +7% +28% +77% 2,526 1,495 1,031 327 +10% 1,392 -3% 296 2,200 179 808 611 632 185 2,230 2,021 885 759 FY20 FY21 FY20 FY21 FY20 FY21 FY20 FY21 Service revenue Equipment revenue Direct costs OPEX 1 • Total
Slide 8: FY 2021 Service Revenue
8 FY 2021 Financial Performance Service Revenue | QRm Postpaid Revenue Prepaid Revenue Total Service Revenue +7.6% -12% +10.4% 1,148 976 -23% 2,230 1,067 2,021 1,021 855 1,949 1,852 1,904 -14% 846 -2.4% 656 692 563 550 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 1 • Po
Slide 9: EBITDA and EBITDA Margin Trends
9 FY 2021 Financial Performance EBITDA and EBITDA Margin Trends EBITDA (QRm) EBITDA Margin % 43.8% 1,031 CAGR 39.4% +18% 40.8% 808 709 35.6% 36.7% 584 538 28.6% 33.4% 26.9% 27.8% 26.6% FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Reported EBITDA Margin EBITDA Margin excl. Equipment and one-offs
Slide 10: Net Profit and Net Profit Margin Trends
10 FY 2021 Financial Performance Net Profit and Net Profit Margin Trends Net Profit (QRm) Net Profit Margin % +7.4 ppts +4.6 ppts 327 13.0% CAGR +41% 185 8.4% 144 118 6.8% 5.6% (256) (12.8%) FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 1• Net profit has grown at a CAGR of 41% since FY18 2• The
Slide 11: CAPEX
11 FY 2021 Financial Performance CAPEX | QRm Total CAPEX FY2021 CAPEX Mix Capabilities & IT Transformation 30.0% 31 Capacity run and 23.3% 637 18.7% maintenance 16.0% 16.1% 113 489 411 408 321 264 FY17 FY18 FY19 FY20 FY21 Coverage, capacity expansion CAPEX CAPEX Intensity and others CAPEX investment
Slide 12: Return on Capital Employed [ROCE %]
12 FY 2021 Financial Performance Return on Capital Employed* [ROCE %] +4.0 ppts +2.5 ppts 6.7% 4.2% • ROCE improved +10.7 ppts since FY 17 to 6.7% 3.3% • The Company is continuously improving the 2.8% returns to its shareholders led by revenue growth and continued cost control, delivering highest pr
Slide 13: Quarter 4 Year on Year
13 FY 2021 Financial Performance | Quarter 4 Year on Year | QRm Total Revenue Expenses EBITDA Net Profit +33% +26% +43% +118% 780 470 310 127 180 +15% 371 149 588 217 67 161 58 600 521 321 211 FY20 Q4 FY21 Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 Q4 Service revenue Equipment revenue Direct co
Slide 14: Quarter 4 Service Revenue
14 FY 2021 Financial Performance | Quarter 4 Service Revenue | QRm Postpaid Revenue Prepaid Revenue Total Service Revenue +12% +8% +15% 301 150 +15% 600 +9% 139 137 132 131 285 283 +6% 279 552 544 269 534 521 FY20 Q4 FY21 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY20 Q4 FY21 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY20 Q4 FY2
Slide 15: Consolidated Statement of Income
15 Consolidated Statement of Income For the year ended 31 December 2021 Year ended QR m (unless otherwise stated) 31 Dec 21 31 Dec 20 YoY • Total revenue grew 15% (QR 326m) led by service revenue growth of 10% and projects revenue Consumer revenue 1,443 1,375 67 Enterprise, equipments and other reve
Slide 16: FY 2021 Financial Performance Year on Year
16 FY 2021 Financial Performance Year on Year | QRm Total revenue Expenses EBITDA Net profit CAGR +0.6% 2,526 1,517 1,495 1,031 327 1,460 CAGR 1,416 1,392 +6.0% CAGR 296 +17.6% CAGR 808 +40.6% 2,200 2,101 2,125 719 785 709 179 885 805 759 185 1,998 176 197 584 147 538 144 118 2,230 1,852 1,904 1,949
Slide 17: C1 Public
C1 Public
Slide 18: Consolidated Statement of Financial Position
18 Consolidated Statement of Financial Position As at 31 December 2021 QR m (unless otherwise stated) 31 Dec 21 31 Dec 20 Var Property, plant and equipment 1,638 1,647 (9) Assets Intangible assets 4,169 4,280 (111) • Property, plant and equipment and intangibles decreased Right-of-use assets 291 372
Slide 19: Quarter 4 Mobility ARPU
19 FY 2021 Financial Performance | Quarter 4 Mobility ARPU | QR -1.8 87 87 86 84 85 +1% Mobility ARPU decreased QR 1.8 YoY as a result of lower prepaid ARPU and higher mix of prepaid subscribers in overall customer base FY20 Q4 FY21 Q1 FY21 Q2 FY21 Q3 FY21 Q4
Slide 20: Quarter 4 Mobile Customers & Net Debt
20 FY 2021 Financial Performance | Quarter 4 Mobile Customers & Net Debt Mobile Customers Net Debt (‘000) (QRm) +16.3% -QR 122m 1,934 +7.6% 758 743 1,797 644 644 1,697 1,714 1,662 523 FY20 Q4 FY21 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY20 Q4 FY21 Q1 FY21 Q2 FY21 Q3 FY21 Q4
Slide 21: For more information visit our website
For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.com C1 Public
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