Kuwait Telecommunications Co. · KSE:STC
Kuwait Telecommunications — H1 2015 Earnings Presentation
18 slides from Kuwait Telecommunications's earnings presentation, 2015
Slide 1: Investor Presentation First Half 2015
Investor Presentation First Half - 2015
Slide 2: Table of content
Table of content VIVA’s History in Brief 4 VIVA Key Milestones 5 Vision and Values 6 Shareholders' Structure 7 Population & Penetration 8 Penetration in MENA Region 9 Regulations 10 VIVA Competitive Strengths 11 VIVA’s Market Share 12 Financial Results 13 VIVA's Stock Performance 15 Appendix – Balan
Slide 3: VIVA's History in Brief
VIVA’s History in Brief Emiri decree number 187/2007 was released regarding the license of the incorporation of Kuwait 2007 Telecommunications Company. Jun The incorporation contract and principal law of the company was adopted by the Ministry of Commerce and the Ministry of Industry and Fatwa and L
Slide 4: VIVA Key Milestones
VIVA Key Milestones 2008 2009 2010 2011 Kuwait Telecommunication First to introduce Apple Company (K.S.C) launches iPhone officially in Kuwait. VIVA introduces high speed commercially under the Expand retail network and Mobile Broadband in VIVA launches strategic brand name VIVA the launch joint pro
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 26% Kuwaiti Government 24% Public Shareholders 50% STC, the leading regional telecom operator, The Kuwaiti government holds 24% of Public Share holders consists of won the bid for third mobile license in VIVA through different governmental companies, portf
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 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 spending.
Slide 8: Penetration in MENA Region
Penetration in MENA Region As known, Kuwait is one of the highest GDP per Capita in the world, in addition to Kuwait’s telecom market is one of the most advanced markets and one of the first to adopt any new technology. However, with the minimal population and concentrated nature of market, the coun
Slide 9: Telecom Regulations
Telecom Regulations Telecommunication Regulatory Authority (TRA) May 2014 • The Amiri Decree announcing the creation of telecommunication regulatory authority (TRA) Historically and currently, all July 2015 telecom operators • The ministries council decree to create the framework of the TRA in Kuwai
Slide 10: VIVA Competitive Strengths
VIVA Competitive Strengths VIVA follows a customer-centric strategy, which entails focusing on the communication needs of customers and providing Customer-Centric differentiated service. This strategy positions VIVA as the only telecom provider in Kuwait that targets enhancing customer Strategy ex
Slide 11: VIVA's Market Share
VIVA’s Market Share Total Subscriber Base in Kuwait (Mn) Subscriber Market Share – June 2015 9 8.0 8 7.6 6.7 7 5.9 6 5.2 31% 32% 5 4.5 3.9 4 3.3 2.5 2.8 3 2 1 37% 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 Jun-2015 VIVA Subscribers (Mn) Revenue Market Share – 1H 2015 3.0 2.5 2.4 2.5 2.2 2.0 1.6
Slide 12: Latest Financial Results
Latest Financial Results 1H-2015 Strong and growing client base Key Figures & Ratios 1H-2014 Growth 2.54 witnessing an increase of 9% to Subscribers (Mn) 2.33 +9% 134 reach 2.54 Mn subscribers as of Revenue (KD Mn) 113 +18% 25 30 June 2015, compared to 2.33 Operating Profit (KD Mn) 20 +24% 19% Mn
Slide 13: Historical Financial Highlights
Historical Financial Highlights Revenue (KD Million) Net Profit (KD Million) 300 45 40 239 40 250 35 200 182 30 24 150 137 134 25 22 113 19 20 100 15 10 50 4 5 0 0 2012 2013 2014 H1 2014 H1 2015 2012 2013 2014 H1 2014 H1 2015 Operating Profit (KD Million) CAPEX (KD Million) Operating Profit (KWD Mil
Slide 14: VIVA's Stock Performance
VIVA's Stock Performance Rebased Index Since VIVA’s listing – Stock Performance vs. KSE and Telecom weighted Indices VIVA KSE Weighted Index Telecom Weighted Index 150 Rebased Index 130 VIVA +33.8% 110 KSE Weighted Index -8.5% 90 Telecom Weighted Index -23.4% 70 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 Ma
Slide 15: Appendix
Appendix Balance Sheet (2010 – H1 2015) Income Statement (2010 – H1 2015) 16
Slide 16: Balance Sheet (2010 – H1 2015)
Balance Sheet (2010 – H1 2015) 2010 2011 2012 2013 2014 June 2015 Balance Sheet KD Mn KD Mn KD Mn KD Mn KD Mn KD Mn ASSETS Non-current assets Property and equipment - Net 88.4 101.4 98.9 119.0 113.1 119.0 Intangible assets - Net 0.5 0.4 0.1 30.6 36.3 46.8 Other non-current assets 1.0 0.8 0.7 0.7 0.7
Slide 17: Income Statement (2010 – H1 2015)
Income Statement (2010 – H1 2015) 2010 2011 2012 2013 2014 H1 2015 Income Statement KD Mn KD Mn KD Mn KD Mn KD Mn KD Mn Revenue 60.7 93.6 137.5 182.4 239.0 134.4 Other Operating expenses (70.5) (93.1) (114.6) (116.8) (126.3) (69.7) Depreciation and amortization (12.6) (15.2) (18.0) (39.5) (67.6) (39
Slide 18: Thank you
Thank you Investor Relations: Investor.relations@viva.com.kw Tel: +965 5000 1911 www.viva.com.kw
Kuwait Telecommunications Company (VIVA) — H1 2015 Earnings Presentation on 6ix