Kuwait Telecommunications Co. · KSE:STC
Kuwait Telecommunications — Kuwait Telecommunications Company K.S.C.P (VIVA) — FY2017 Earnings Presentation
18 slides from Kuwait Telecommunications's earnings presentation, 2018
Slide 1: Investors Presentation
Investors Presentation Kuwait Telecommunications Company K.S.C.P
Slide 2: Table of content
Table of content VIVA’s History in Brief 3 Key Milestones 4 Vision and Values 5 Shareholders' Structure 6 Population & Penetration 7 Competitive Strengths 8 Market Share 9 Financial Results 10 Financial Highlights 11 Stock Performance 13 Appendix – Balance Sheet & Income Statement 14 21
Slide 3: VIVA's History in Brief
VIVA’s History in Brief 2007 Jun 2008 Sep 2008 Dec 2008 Dec 2014 Jun 2015 VIVA’s Stock under KSE15 Index VIVA Stock was listed on Kuwait Stock Exchange Commercial Launch of VIVA Operations in Kuwait Public placement of VIVA shares which was 2.4x oversubscribed. distributed among c. 1 million Kuwaiti
Slide 4: Key Milestones
Key Milestones 2008 2010 2012 2014 2016 VIVA launches Elite Program for Partnership with Real Madrid. Best Telecom Company by Arabian loyal, VIP and high value customers. Business. Expand retail network and Listing on KSE launch joint promotions VIVA turns into profitability Member of
Slide 5: Vision and Values
Vision and Values Our vision is to provide unique services and products that satisfy the aspirations of our clients and accommodate their needs, which in turn will earn us their trust. This is through presenting our customers with numerous telecommunications opportunities with the goal of boosting o
Slide 6: Shareholders' Structure
Shareholders' Structure Saudi Telecom 52% Kuwaiti Government 24% Public Shareholders 24% STC, the leading regional telecom The Kuwaiti government holds 24% Public Share holders consists of operator, won the bid for third mobile of VIVA through different companies, portfolios, funds and license
Slide 7: Population & Penetration
Population & Penetration Kuwait population since 2010 is growing at the same level of 2.8% yearly and the growth is forecasted by IMF at 2.8% over the next 5 years compared to almost 1% for the global population growth. This growth coupled with rising income levels will propel growth in consumer spe
Slide 8: Competitive Strengths
Competitive Strengths STC (the largest telecom company in the region) will continue to be a major shareholder and VIVA will continue to benefit from being a member of the STC group. Through this relationship, VIVA has access to technical support, industry best practice for provision of telecom servi
Slide 9: Market Share
Market Share Total Subscriber Base in Kuwait (Mn) Subscriber Market Share – Dec 2017 10 Total Subscirbers in kuwait (Mn) VIVA Subscribers (Mn) 7.6 7.7 7.7 7.2 VIVA 6.41 5.9 Ooredoo 32% 5.2 31% 5 4.5 0.8 1.1 1.6 2.2 2.4 2.5 2.4 2.3 0 Zain 2010 2011 2012 2013 2014 2015 2016 2017 38% Telecom Sector Rev
Slide 10: Financial Results
Financial Results VIVA’s revenue marginally declined by Key Figures & Ratios FY- 2016 FY - 2017 Change 0.5% in 2017 to reach KD 278 million . On Subscribers (Mn) 2.4 2.3 -4.1% quarterly basis VIVA recorded a remarkable performance with revenues Revenue (KD Mn) 279.1 277.6 -0.5% rising by 7.2% to r
Slide 11: Financial Highlights
Financial Highlights Revenue (KD Million) Net Profit (KD Million) 300 50 43 277 279 278 40 40 40 280 40 260 30 239 240 20 220 10 200 0 2014 2015 2016 2017 2014 2015 2016 2017 Operating Profit (KD Million) CAPEX (KD Million) Operating Profit (KWD Million) Operating Profit Margin (%) Capex (KWD Millio
Slide 12: Financial Highlights
Financial Highlights Total Assets (KD Million) Total Debt / Equity (KD Million) Total Debt (KWD Million) Debt to Equity Ratio (x) 300 263 267 284 100 6.9 86 8.00 250 214 7.00 80 72 200 179 66 6.00 60 5.00 150 47 4.00 100 40 1.7 3.00 50 20 0.8 2.00 0.4 9 0.1 1.00 0 0 - 2013 2014 2015 2016 2017 2013 2
Slide 13: Stock Performance
Stock Performance Closing Price (KD) 0.799 PE (X) 10 Market Cap (KD Million) 399 PB (X) 2.4 Data as of 31 Dec 2017 Rebased Index Since VIVA’s Listing Date 14 Dec 2014 – Stock Performance vs. KSE and Telecom weighted Indices VIVA's Stock Price (KWD) KSE Weighted Index Telecom Weighted Index 180 160 R
Slide 14: Appendix
Appendix Balance Sheet (2014 - 2017) Income Statement (2014 - 2017) 14 12
Slide 15: Balance Sheet (2014 –2017)
Balance Sheet (2014 –2017) 2014 2015 2016 2017 Balance Sheet KD Mn KD Mn KD Mn KD Mn ASSETS Property and equipment 113.1 125.4 137.7 145.0 Intangible assets 36.3 50.6 47.5 49.1 Other non-current assets 0.7 - - - Non-current assets 150.1 175.9 185.2 194.1 Inventories 5.8 7.1 4.4 12.9 Prepayments and
Slide 16: Income Statement (2014–2017)
Income Statement (2014–2017) 2014 2015 2016 2017 Income Statement KD Mn KD Mn KD Mn KD Mn Revenue 239.0 276.9 279.1 277.6 Operating expenses (126.3) (145.8) (147.0) (147.5) Depreciation and amortization (67.6) (82.2) (88.4) (87.5) Finance cost (2.2) (2.6) (1.6) (0.7) Other income / (expense) (1.8) (
Slide 17: VIVA IR
VIVA IR Awarded best IR Corporate in Kuwait for the year 2016 and nominated to be best IR Corporate in Kuwait for the year 2017 Proud to Serve our Investors and the Investment Community. First company in Kuwait to launch a mobile application for investor relations During December 2016. Revam
Slide 18: Thank you
Thank you Investor Relations Department: E-mail: Investor.relations@viva.com.kw Tel : +965 5000 1911 www.viva.com.kw
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