Slide 1: Ooredoo Group FY 2020 Results
Ooredoo Group FY 2020 Results Feb 2021 1
Slide 2: Disclaimer
Disclaimer • Ooredoo (parent company Ooredoo Q.P.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 3
Slide 4: Group Results: Key Highlights
Overview Results review Operations review Additional information Group Results Key Highlights Solid financial performance in challenging conditions Revenue declined by 4% EBITDA declined by 6% Group Net Profit attributable Data revenues account for Customer number up: +3% year-on-year to QAR 28.9 ye
Slide 5: Revenue and EBITDA
Overview Results review Operations review Additional information Group Results Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin -4% -6% 29,916 12,847 28,867 12,130 -9% -6% 3,183 7,950 2,881 7,453 43% 42% 40% 39% FY-19 FY-20 Q4-19 Q4-20 FY-19 FY-20 Q4-19 Q4-20 • Revenue declined year
Slide 6: Net Profit
Overview Results review Operations review Additional information Group Results Net Profit Net Profit Attributable to Ooredoo shareholders (QARm) 1,725 1,577 -35% 460 Net Profit Net Profit 308 F/X Impact 1,126 1,011 F/X Impact -174% Pre F/X Net Profit Pre F/X Net Profit 152 -109 147 116 (233) FY-19 F
Slide 7: Free Cash Flow and Capital Expenditure
Overview Results review Operations review Additional information Group Results Free Cash Flow and Capital Expenditure CAPEX (QARm) & CAPEX/ Revenue (%) Free Cash Flow (QARm) -1% -30% 5,869 3,958 5,790 -2% -784% 2,426 2,786 134 2,375 20% 20% 32% 31% (917) FY-19 FY-20 Q4-19 Q4-20 FY-19 FY-20 Q4-19 Q4-
Slide 8: Total customers
Overview Results review Operations review Additional information Group Results Total customers Total Customers (millions) -30% +2% 163.9 +3% 115.2 117.2 120.6 FY-17 FY-18 FY-19 FY-20 • More than 120 million customers, growth driven by new customers in Myanmar, Indosat and Iraq 8
Slide 9: Net debt
Overview Results review Operations review Additional information Group Results Net debt Net Debt (QARm) and Net Debt / EBITDA +12% 25,138 -3% 24,975 24,177 -11% 22,260 1.9 1.8 1.8 1.8 FY-17 FY-18 FY-19 FY-20 • Positive trend of Group Net Debt reduction continued; Net Debt to EBITDA ratio slightly hi
Slide 10: 2020 FY performance summary
Overview Results review Operations review Additional information Group Results 2020 FY performance summary Group Financials 2020 % Change 2020 Full Year 2021 Full Year (QAR bn) Actual 2020 / 2019 Guidance over 2019 Guidance over 2020 Revenue 28.9 -3.5% -1.5% to 1.5% -3% to +1% EBITDA 12.1 -5.6% -2%
Slide 11: Contents
Contents 1 Results review 2 Operations review 3 Additional information 11
Slide 12: Qatar
Overview Results review Operations review Additional information Qatar QARm • Covid 19 impact weaker than in most countries, business started to open up, limited travel still impacted roaming business negatively Revenue EBITDA EBITDA Margin • FY20 a slight drop in revenue YoY (-3%) mainly due to the
Slide 13: Indonesia
Overview Results review Operations review Additional information Indonesia QARm 1,882 1,859 6,728 6,983 • Solid revenue growth of 4% in 2020, positive growth in every quarter. 1,768 1,669 1,688 Positive turnaround momentum, driven by mobile and data revenue on the back of enhanced network and simpli
Slide 14: Iraq
Overview Results review Operations review Additional information Iraq QARm Revenue EBITDA EBITDA Margin • Negative impact of Covid 19 / movement restrictions heavily impacted revenue, down by 12% YoY 48% • Covid 19 restrictions from the first half of the years have started to 43% 44% 42% 42% ease of
Slide 15: Oman
Overview Results review Operations review Additional information Oman QARm Revenue EBITDA EBITDA Margin • COVID-19 pandemic related lockdowns and movement restrictions lead to a reduction of FY revenue by 7% 56% 54% 52% 53% 51% • Consequently, EBITDA for the year declined 10% to QAR 1.3 billion comp
Slide 16: Kuwait
Overview Results review Operations review Additional information Kuwait QARm 2,772 739 2,492 656 648 • Revenue (-10%) and EBITDA (-29%) are lower compared to last 578 609 year, due to COVID-19 pandemic related softer macroeconomic conditions as well as intense market competition • Revenue improved c
Slide 17: Algeria
Overview Results review Operations review Additional information Algeria QARm 616 594 571 570 2,501 520 2,256 • Algeria continues to suffer from a weak macroeconomic environment, intensified by the COVID-19 pandemic, strong price competition and a 5% year on year depreciation of the Algerian Dinar 2
Slide 18: Tunisia
Overview Results review Operations review Additional information Tunisia QARm 1,476 1,516 379 382 392 392 349 159 168 147 179 156 682 650 • Despite challenging macroeconomic conditions as a result of the COVID-19 pandemic, Ooredoo Tunisia reported revenue growth of 3%, YoY and 4% Q4-19 Q1-20 Q2-20 Q
Slide 19: Myanmar
Overview Results review Operations review Additional information Myanmar QARm 296 292 300 1,172 284 255 1,062 • Ooredoo Myanmar delivered a robust set of results despite challenging circumstances due to the COVID-19 pandemic 75 73 280 • Revenue is up by 10% YoY mainly driven by an appreciation of th
Slide 20: Make it easy to find, buy and use our services online.
Make it easy to find, buy and use our services online. Digital Marketing Digital Sales Digital Care Digital Enablers Digital analytics and Agile way of work & Digital organization & Technology & CVM cross functional Talents Platforms support | 17 February 2021 | 20
Slide 21: 2021 upcoming events (tbc)
2021 upcoming events (tbc) March 1-2 Third EFG Hermes Virtual Investor Conference Ooredoo Group Q1 2021 results : April 28 (tbc) 2/17/2021 21
Slide 22: Contents
Contents 1 Results review 2 Operations review 3 Additional information 22
Slide 23: Additional Information: Key Operations Importance to Group
Overview Results review Operations review Additional information Additional Information Key Operations Importance to Group Revenue (QARm) EBITDA (QARm) 32,646 29,927 29,916 28,867 13,640 12,202 12,847 12,130 FY-17 FY-18 FY-19 FY-20 % delta FY-17 FY-18 FY-19 FY-20 % delta Qatar 7,791 7,742 7,301 7,07
Slide 24: Group Operations Breakdown: CAPEX & Customers
Group Operations Breakdown Overview Results review Operations review Additional information CAPEX & Customers CAPEX Breakdown (%) Customer Breakdown (%) Others, 2% Myanmar, 12% Myanmar, 3% Others, 1% Qatar , 16% Qatar , 3% Tunisia, 4% Algeria, 9% Tunisia, 7% Kuwait, 6% Algeria, 10% Kuwait, 2% Oman,
Slide 25: Total Group Debt Breakdown
Group Operations Breakdown Overview Results review Operations review Additional information Total Group Debt Breakdown Total Group Debt (QARm) Total Group Debt Breakdown Long Term Short Term 40,144 Others , 36,966 4% 7,292 30,932 Indonesia , 9,321 29,662 14% 5,459 5,220 32,852 27,645 25,474 24,442 Q
Slide 26: Debt Profile – Ooredoo Q.P.S.C.
Group Results Overview Results review Operations review Additional information Debt Profile – Ooredoo 2,000 Q.P.S.C. level 1,500 Undrawn RCF 680 1,000 70 75 220 20 0 500 1,005 1,000 20 1,000 750 390 500 500 500 20 20 0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2043 Issue Loans (in USD m) Amount U
Slide 27: Blended ARPU
Blended ARPU Overview Results review Operations review Additional information Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) 54.4 54.7 54.5 50.5 50.8 50.4 22.8 23.0 22.9 108 107 105 102 101 27.1 29.2 59.0 59.9 59.1 60.5 21.6 90 52.8 56.2 20.9 23.2 23.7 22.3 19.0 19.3 Indonesia (QAR
Slide 28: Service Revenue
Service Revenue Overview Results review Operations review Additional information Service Revenue (QARm) -3% 28,536 27,596 -6% 7,501 7,038 FY-19 FY-20 Q4-19 Q4-20 | 2/17/2021 | 28
Slide 29: Statutory Corporate Tax Rates
Overview Results review Operations review Additional information Statutory Corporate Tax Rates Statutory Statutory Losses Losses C/Fwd C/Fwd Markets Markets Notes Tax Tax Rate Rate Allowed Allowed Algeria 26% 4 years The Tax Rate is 22% for tax years 2020 and 2021, 20% for tax year 2022 onwards Indo
Slide 30: OPCOs Licence General Information
Overview Results review Operations review Additional information OPCOs Licence General Information Country Fixed Licence Mobile Licence Issuance Date Expiry Date Issuance Date Expiry Date Qatar 7 October 2007 6 October 2032 7 October 2007 6 October 2027 Kuwait -- -- 13 October 1997 Indefinite Emiri
Slide 31: Thank You
Thank You