Mobile Telecommunications Company K.s.c.p · KSE:ZAIN
Mobile Telecommunications Company K.s.c.p — Zain — Investor Presentation (2012)
26 slides from Mobile Telecommunications Company K.s.c.p's investor presentation, 2012
Slide 1: IR Presentation 2011
IR Presentation 2011 A wonderful world
Slide 2: Disclaimer
Zain Disclaimer Certain expectations and projections regarding future performance of the company referenced in this presentation may be forward-looking statements within the meaning of applicable securities laws and regulations. These are statements which the management believes are true at the time
Slide 3: To Consolidate its position in the Middle East
To Consolidate its position in the Middle East Who we are now: • Zain is an emerging telecoms player operating in 8 countries across the region, serving over 40.3 million active customers • The company is the leading mobile telecom operator in 6 of its markets • Revenues: US$ 4.79 billion; EBITDA: U
Slide 4: Zain's Historical Growth
Zain s Historical Growth From a National Player to an Emerging Markets Leader * MTC Atheer & Iraqna jointly operate under the Zain brand 4 | Zain | IR Presentation 2011
Slide 5: Zain Group's Footprint
Zain Group s Footprint 5 | Zain | IR Presentation 2011 % reflects ownership
Slide 6: Zain's Key Performance Indicators
Zain s Key Performance Indicators *Net Profit excluding capital gain of KD770.4 million (USD2,653 million) from the sale of Zain Africa 6 | Zain | IR Presentation 2011
Slide 7: Penetration Rates
Penetration Rates 221% 7 | Zain | IR Presentation 2011 Source: Informa
Slide 8: Top Companies in Middle East
Top 10 Companies in Middle East Market Cap (Billion) Company Market Cap $b 1 Saudi Basic Industries Corp 75.6 2 Alrajhi Bank & Investment Corp 29.3 3 Qatar NaDonal Bank 25.7 4 Qatar Industries 19.9 5 EDsalat 19.4 6 Saudi Telecom Co (STC) 18.2 7 NBK 16.2 8 Ezdan Real Estate 16.0 9 Saudi Electricity 1
Slide 9: Top Telecom Companies in Middle East & Africa
Top Telecom Companies in Middle East & Africa Market Cap (Billion) Company Market Cap $b 1 MTN 29.9 2 Emirates Telecom (EDsalat) 19.4 4 Saudi Telecom Co (STC) 18.2 3 Vodacom 16.6 5 Maroc Telecom 14.0 6 ZAIN 13.4 7 Millicom 10.5 8 EDhad EDsalat (Mobily) 10.1 9 Qatar Telecom (Qtel) 6.9 10 Wataniya Tel
Slide 10: Zain Group Country Breakdown
Zain Group Country Breakdown 2011 Zain Group Customers Zain Group Revenues Kuwait Kuwait 5% 27% KSA 19% Sudan 23% Sudan 32% Bahrain 1% Bahrain 5% Jordan 11% Lebanon Iraq 5% 31% Iraq Jordan 7% 35% 10 | Zain | IR Presentation 2011
Slide 11: Zain Group Customer Growth 2011 vs. 2010
Zain Group Customer Growth 2011 vs. 2010 KSA -10% Group Customer Growth: +8% Bahrain 2% Iraq 3% Jordan 11% Kuwait 12% Lebanon 23% 156 Sudan 11 | Zain | IR Presentation 2011 25%
Slide 12: Blended ARPUs
Blended ARPUs December 31, 2011 US$ 12 | Zain | IR Presentation 2011 Note: Lebanon s ARPU not included due to Management Contract
Slide 13: EBITDA Margins
EBITDA Margins 2011 2011 2010 60% 54% 49% 49% 50% 47% 46% 48% 46% Group EBITDA Margin: 45% 44% 40% 34% 29% 30% 20% 13% 10% 6% 0% 13 | Zain | IR Presentation 2011
Slide 14: Zain's Mobile Operations
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Slide 15: Kuwait
. Kuwait Contribution to Group total - Population: 3% Customers: 5% Revenues: 27% - Customer YoY Growth: 13% • Zain Kuwait, the Group s flagship stayed ahead of its competitors and was able to maintain its leading position with a 41% market share. • The launch of new iPhone packages and other exciti
Slide 16: Iraq
Iraq Contribution to Group total - Population: 27% Customers: 31% Revenues: 34% - Customer YoY Growth: 3% • After acquiring a 15-year nationwide license for US$ 1.25 billion in August 2007 and its acquisition of a rival operator Iraqna for US$1.2 billion in December 2007, Zain became the largest mob
Slide 17: Sudan
Sudan Contribution to Group total - Population: 37% Customers: 32% Revenues: 23% - Customer YoY Growth: 25% • Zain entered Sudan through its 2005 acquisition of Celtel which had a minority 31% stake in Mobitel, Sudan s first mobile operator. In February 2006, the remaining 61% was fully acquired by
Slide 18: Jordan
Jordan Contribution to Group Total - Population: 6% Customers: 7% Revenues: 11% Customer YoY Growth: 9% • In January 2003, Zain Jordan was the Group s first acquired operation for a value of US$ 418.9 million. • Despite the heightening of price competition and the pressure on lowering voice prices,
Slide 19: Bahrain
Bahrain Contribution to Group Total - Population: 1% Customers: 1% Revenues: 5% - Customer YoY Growth: 2% • A Greenfield operation, Zain Bahrain launched its commercial services in December 2003. • Bahrain has the highest mobile penetration in the GCC region with 221%. • Despite the entrant of the t
Slide 20: Kingdom of Saudi Arabia
Kingdom of Saudi Arabia Contribution to Group Total - Population: 23% Customers: 19% - Customer YoY Growth: (10%) • Zain KSA launched commercial services in late August 2008, a year after it was rewarded its mobile license. • Due to the clean-up of customer base of dormant subscribers, in 2011 the o
Slide 21: Lebanon
Lebanon Contribution to Group Total - Population: 4% Customers: 5% - Customer YoY Growth: 23% • Zain operates in Lebanon under a management contract since June 2004, when it was rebranded to mtc-touch. The Network Management Agreement (NMA) which had expired January 2011, was further renewed on Febr
Slide 22: Financial Statements
Financial Statements 22 | Zain | IR Presentation H1-2010
Slide 23: Balance Sheet
Balance Sheet 2011 2010 2011 2010 ASSETS KD 000 LIABILITIES AND EQUITY KD 000 Current liabilities Current assets Trade and other payables 506,541 593,221 Cash and bank balances 404,764 644,215 Due to banks 313,823 124,933 820,364 718,154 Trade and other receivables 332,843 431,965 Non-current liabil
Slide 24: Income Statement
Income Statement 2011 2010 KD 000 Continuing operations Revenue 1,321,921 1,351,681 Cost of sales (353,914) (354,836) Gross profit 968,007 996,845 Distribution, marketing and operating expenses (283,125) (266,956) General and administrative expenses (74,868) (107,947) Depreciation and amortization (
Slide 25: Cash Flow Statement
Cash Flow Statement 2011 2010 2011 2010 KD 000 KD 000 Cash flows from operating activities Deposits under lien and those maturing after three months 162,249 -180,866 Profit for the year before income tax 364,737 1,119,796 Proceeds from sale of investment securities 17,049 312 Adjustments for: Invest
Slide 26: Thank you
Thank you For more information please contact Investor Relation Team at: investor.relations@zain.com A wonderful world