Blu Label Unlimited Group Ltd · JSE:BLU
Blu Label Unlimited — H1 2025 Earnings Presentation
29 slides from Blu Label Unlimited's earnings presentation, Feb 20, 2025
Slide 1: Interim Results Presentation – February 2025
Interim Results Presentation – February 2025
Slide 2: Welcome
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 2 WELCOME
Slide 3: Our Strategy and Vision
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 3 OUR STRATEGY AND VISION 8 1 OUR VISION Cell C Technology Driving financial inclusion, opportunities and convenience that orchestrates digital distribution and e-tech ecosystems. 7 2 CEC and Post-Paid Product Our strategy is anchored in eight 6 business
Slide 4: Technology
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 4 TECHNOLOGY Transaction AEON BLU Nova Mobi iCrypto Junction
Slide 5: Product
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 5 PRODUCT BLU Voucher BLU BLU Blu Label Data Ringas Ticket Pro Marketing Technov8 Sim Cards Advance Communications Solutions Unipin
Slide 6: Distribution
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 6 DISTRIBUTION Blue Label Distribution BLU Train
Slide 7: Energy
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 7 ENERGY CigiCell BLU Energy
Slide 8: Treasury and Procurement
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 8 TREASURY AND PROCUREMENT
Slide 9: Special Projects
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 9 SPECIAL PROJECTS We are establishing a special We will look at value-accretive and Our focus will include local and projects office with a future-focus synergistic opportunities for Blue Label international opportunities
Slide 10: CEC and Post-Paid Strategy
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 10 CEC AND POST-PAID STRATEGY Handset revenue Service revenue Subscriber base ARPU R1,038.30 million R859.70 million 829,600 R220.32
Slide 11: Cell C
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 11 CELL C
Slide 12: Financial Highlights
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 12 FINANCIAL HIGHLIGHTS For the period ended 30 November 2024 Core headline Increase in gross Increase in gross Revenue of profit of 2% to earnings per profit of 2% to share of R7.2 billion* R1.63 billion 22.44% 47.20cents per share *On inclusion of the g
Slide 13: Thank You
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 13 THANK YOU Thank you to our SHAREHOLDERS MERCHANTS valued stakeholders: BUSINESS PARTNERS SUPPLIERS AND MOST IMPORTANTLY – OUR DEDICATED BLUE LABEL EMPLOYEES FOR THEIR INCREDIBLE COMMITMENT DURING THE YEAR.
Slide 14: Blue Label Telecoms Half Year Results – Cell C Performance
Blue Label Telecoms Half Year Results Cell C Performance Unaudited financial results for the 6 months ended 30 November 2024 (FY24/25) Date: 20 February 2025
Slide 15: FY24/25 H1 Key highlights
FY24/25 H1 Key highlights Executing on strategic priorities drove double digit growth Robust financial performance CAPEX light model yielding positive results Stellar performance in the MVNO Business Brand performance showing significant momentum Awarded best overall Video Experience in South Africa
Slide 16: Executing on our strategic priorities driving double-digit growth YoY
Executing on our strategic priorities driving double-digit growth YoY Total Revenue EBITDA Address Network Quality & Perception +13% +87% Service Revenue Gross Margin Reinforce Value Perception to Drive Growth +7% +23% Broadband Revenue Cash Balance Leverage Partnerships to Boost Revenue +26% +111%
Slide 17: Robust financial performance leading to sustainable growth and profitability YoY
Robust financial performance leading to sustainable growth and profitability YoY IFR Nov’23 Nov’24 Nov’23 Nov’24 Nov’23 Nov’24 Revenue R'm YoY Gross Margin R'm YoY EBITDA R'm ▪ Total Revenue +13% ▪ Gross Margin +23% ▪ Improved profitability +87% ▪ Service Revenue +7% ▪ Optimised commercials in capac
Slide 18: Performance remains solid with IFRS adjustments included
Performance remains solid with IFRS adjustments included IFR Nov’23 Nov’24 Nov’23 Nov’24 Nov’23 Nov’24 Revenue R'm YoY Gross Margin R'm YoY EBITDA R'm ▪ Service Revenue +8% ▪ Gross Margin +27% ▪ Improved profitability +79% on IFRS ▪ Prepaid revenue +4% ▪ Gross Margin as a % +7% ▪ EBITDA margin at 13
Slide 19: Solid performance in the MVNO Business
Solid performance in the MVNO Business MVNO Revenue contribution to overall business MVNO Voice 10,20% +10% MVNO Data 8,90% +92% Nov'23 Nov'24 MVNO Customer (HLR) +20% Note: Unaudited Non-IFRS Financial Results
Slide 20: Balance sheet continues to show improvements
Balance sheet continues to show improvements R ’m % change Total assets 3 851 +71% Total Liabilities 14 452 +4% Equity -10 600 +9% • Total Assets: Continuing with asset-light model. • Total Liabilities: Increase in line with loan movements. Total Shareholder debt (secured and unsecured) makes up 50%
Slide 21: Brand performance showing significant momentum
Brand performance showing significant momentum
Slide 22: Key opportunities to further fuel growth
Key opportunities to further fuel growth 1. Continue to execute on our Strategic Priorities 2. Full Postpaid Business integration 3. Investment in digital platforms & capabilities 4. Continue driving high-performance & values-driven culture 5. Further accelerate growth in MVNO & scale B2B 6. Leverag
Slide 23: Thank You!
4 Thank You!
Slide 24: Financial Highlights
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 14 FINANCIAL HIGHLIGHTS For the period ended *On inclusion of the gross amount R7.2 billion* 30 November 2024 generated on “PINless top-ups”, prepaid electricity, ticketing and Revenue of universal vouchers, the effective increase equated to 8% from R43.8
Slide 25: Revenue
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 15 Group Group REVENUE Nov 2024 R'000 Nov 2023 R'000 Growth R'000 Growth % Prepaid airtime, data and related revenue 15,068,641 15,565,395 (496,755) (3%) For the period ended - Prepaid airtime and data 4,502,231 4,752,000 (249,768) (5%) - "PINless" airtim
Slide 26: Group Income Statement
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 16 GROUP INCOME STATEMENT Group Nov 2024 R'000 Group Nov 2023 R'000 Growth R'000 Growth % For the period ended Revenue 7,245,092 7,581,356 (336,264) (4%) 30 November 2024 Gross Profit 1,625,720 1,597,881 27,839 2% EBITDA 653,155 697,003 (43,848) (6%) Fina
Slide 27: Balance Sheet
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 Group Group 17 Nov 2024 Nov 2023 R'000 R'000 BALANCE SHEET Non- current assets Intangible assets and goodwill 5,734,729 2,257,278 5,330,783 2,183,199 Loans to associates and joint ventures 2,359,374 1,967,246 Advances to customers 487,556 485,323 As at Ot
Slide 28: Cash Flow
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 18 CASH FLOW For the period ended 30 November 2024 Group Group Cash generated from trading operations amounted to R424 million. Working capital Nov 2024 Nov 2023 movements included a decrease in inventory of R183 million and advances to customers R'000 R'
Slide 29: Thank You – Questions?
INTERIM RESULTS PRESENTATION – FEBRUARY 2025 19 THANK YOU QUESTIONS?
Blu Label Unlimited Group — H1 2025 Earnings Presentation on 6ix