Emirates Telecom. Group Company (etisalat Group) Pjsc · ADX:EAND
Emirates Telecom. Group Company (etisalat Group) Pjsc — Etisalat Group — Q4 2019 Earnings Presentation
21 slides from Emirates Telecom. Group Company (etisalat Group) Pjsc's earnings presentation, Feb 18, 2020
Slide 1: Etisalat Group Q4 2019 Results Presentation
ETISALAT GROUP Q4 2019 RESULTS PRESENTATION 18 FEBRUARY 2020 - ABU DHABI, UAE
Slide 2: Disclaimer
Etisalat Group | Q4 2019 Results Presentation DISCLAIMER Emirates Telecommunications Group Company PJSC and its subsidiaries (“Etisalat Group” or the “Company”) have prepared this presentation (“Presentation”) in good faith, however, no warranty or representation, express or implied is made as to th
Slide 3: Group Financial Review
GROUP FINANCIAL REVIEW 3 3
Slide 4: Etisalat Group Financial Highlights
Etisalat Group | Q4 2019 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS AED Million Q4 2019 Growth FY 2019 Growth Growth YoY% YoY% Constant Exchange YoY% Rates Revenue 13,341 +2% 52,186 0% +1% EBITDA 6,277 +1% 26,370 +2% +3% EBITDA Margin 47% -1pp 51% +1pp +1pp Net Pro
Slide 5: Etisalat Group Financial Highlights
Etisalat Group | Q4 2019 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS Revenue Breakdown FY 2019 (AED m) EBITDA Breakdown FY 2019 (AED m) 52.2 26.4 Bn Bn Y0Y Growth 0% Y0Y Growth +2% UAE 0% UAE +1% MT Group (LC +1%) -1% MT Group (LC +6%) +3% Egypt (LC +15%) +22% Egypt
Slide 6: Int'l Operations Financial Highlights FY 2019
Etisalat Group | Q4 2019 Results Presentation FINANCIAL HIGHLIGHTS INT’L OPERATIONS FINANCIAL HIGHLIGHTS FY 2019 Revenue (AED m) / EBITDA (AED m) / Revenue & EBITDA (AED m) / EBITDA Margin (%) / EBITDA Margin (%) YoY Growth % MT Group FY 2019 Growth Growth in AED in MAD Revenue 13,221 -1% +1% EBITDA
Slide 7: Group Revenue
Etisalat Group | Q4 2019 Results Presentation REVENUE GROUP REVENUE Revenue (AED m) & YoY Growth (%) Sources of Revenue Growth – FY 2019 vs FY 2018 (AED m) 60,000 52,388 30% 52,186 50,000 25% 40,000 20% 15% 30,000 5% 10% 20,000 4% 13,034 -3% 12,977 13,341 1% 5% 0% 10,000 -3% -1% 2% 0% 0 -5% Constant
Slide 8: Group EBITDA
Etisalat Group | Q4 2019 Results Presentation EBITDA GROUP EBITDA EBITDA (AED m) & EBITDA Margin (%) Sources of EBITDA Growth – FY 2019 vs FY 2018 (AED m) Constant Cu Y/Y % growth -1% +1% +3% +2% +1% Highlights EBITDA by Cluster (FY 2019) • In FY’19 consolidated EBITDA increased Y/Y by 2%; in consta
Slide 9: Group Capex
Etisalat Group | Q4 2019 Results Presentation CAPEX GROUP CAPEX CAPEX (AED m) & CAPEX/Revenue Ratio (%) Sources of Capex Growth – FY 2019 vs FY 2018 (AED m) Highlights CAPEX by Cluster (FY 2019) In FY’19 consolidated capex increased Y/Y by 6% resulting in a Capex / Revenue ratio of 17% Domestic vs
Slide 10: Group Balance Sheet & Cash Flows
Etisalat Group | Q4 2019 Results Presentation BALANCE SHEET / CASHFLOWS GROUP BALANCE SHEET & CASH FLOWS Balance Sheet (AED m) Dec-18 Dec-19 Investment Grade Credit Ratings Cash & bank Balances 28,361 29,657 AA-/Stable Total Assets 125,243 128,266 Total Debt 23,526 23,889 Net Cash / (Debt) 4,835 5,7
Slide 11: Debt Profile: Diversified Debt Portfolio
Etisalat Group | Q4 2019 Results Presentation DEBT PROFILE DEBT PROFILE: DIVERSIFIED DEBT PORTFOLIO Borrowings by Operation Q4 2019 (AED m) Borrowings by Currency Q4 2019 (%) 14,260 6,607 1,813 1,209 Group MT Group Pakistan Egypt Debt by Source Q4 2019 (AED m) Repayment Schedule Q4 2019 (AED m) 6,52
Slide 12: Group Dividends: Proposed DPS of AED 80 Fils for FY 2019
Etisalat Group | Q4 2019 Results Presentation DIVIDENDS GROUP DIVIDENDS: PROPOSED DPS OF AED 80 FILS FOR FY 2019 Cash Dividends (AED m) Dividends Per Share (AED) 6,954 6,954 6,954 0.8 0.8 0.8 3,477 3,477 3,477 3,477 3,477 3,477 2017 2018 2019 2017 2018 2019 Interim Final Dividend Yield(1) (%) Divide
Slide 13: Country by Country Financial Review
COUNTRY BY COUNTRY FINANCIAL REVIEW 13 13
Slide 14: UAE: Maintaining Profitability Margins While Investing in New Technologies
Etisalat Group | Q4 2019 Results Presentation UAE UAE: MAINTAINING PROFITABILITY MARGINS WHILE INVESTING IN NEW TECHNOLOGIES Revenue (AED m) / YoY Growth (%) EBITDA (AED m) / EBITDA Margin (%) Net Profit (AED m) / Profit Margin (%) CAPEX (AED m) & CAPEX / Revenue Ratio (%) 14
Slide 15: UAE: Revenue Breakdown and Key KPIs
Etisalat Group | Q4 2019 Results Presentation UAE UAE: REVENUE BREAKDOWN AND KEY KPIs Mobile Revenues(1) (AED m) Fixed Revenues(2) (AED m) Other Revenues(3) (AED m) Mobile Subs(4) (m) & ARPU(5) (AED) Fixed Broadband(6) Subs (m) & ARPU(7) (AED) (1) Mobile revenues includes mobile voice, data, rental,
Slide 16: Maroc Telecom: Expanding International Footprint
Etisalat Group | Q4 2019 Results Presentation MAROC TELECOM GROUP MAROC TELECOM: EXPANDING INTERNATIONAL FOOTPRINT Morocco, Benin, Burkina Faso, CAR, CDI, Chad, Gabon, Mali, Mauritania, Niger & Togo Subscribers (m) Revenue (AED m) / EBITDA Margin (%) CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % Gro
Slide 17: Egypt: Strong Revenue Growth and Profitability
Etisalat Group | Q4 2019 Results Presentation EGYPT EGYPT: STRONG REVENUE GROWTH AND PROFITABILITY Subscribers (m) Revenue (AED m) / EBITDA Margin (%) CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % Growth (AED) -3% +25% +29% +13% +22% Highlights • Regulatory restrictions continue to negatively impact
Slide 18: Pakistan: Maintained Subscriber Growth and Revenue Growth in Local Currency
Etisalat Group | Q4 2019 Results Presentation PAKISTAN PAKISTAN: MAINTAINED SUBSCRIBER GROWTH AND REVENUE GROWTH IN LOCAL CURRECNY Subscribers (m) Revenue (AED m) / EBITDA Margin (%) CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % Growth (AED) -11% -25% -19% -7% -18% REVENUE BREAKDOWN FY 2019 USD / PK
Slide 19: 2019 Actual Against Guidance: Met Most of 2019 Guidance
Etisalat Group | Q4 2019 Results Presentation GUIDANCE 2019 ACTUAL AGAINST GUIDANCE: MET MOST OF 2019 GUIDANCE Financial Original Guidance Revised Guidance Actual KPI 2019 in AED 2019 in AED 2019 in AED Revenue Growth % Slightly lower Around -0.4% -1.0% EBITDA Margin% 48% - 49% 50% - 51% 50.5% EPS (
Slide 20: 2020 Guidance: Investing in the Future
Etisalat Group | Q4 2019 Results Presentation GUIDANCE 2020 GUIDANCE: INVESTING IN THE FUTURE Financial Actual Guidance KPI 2019 in AED 2020 in AED Revenue Growth % -0.4% Around -1% EBITDA Margin% 50.5% 48% - 49% EPS (1) (AED) 1.00 1.00 - 1.02 CAPEX / Revenue % 17.0% 18% - 19% (1) EPS guidance exclu
Slide 21: Etisalat Group Investor Relations
ETISALAT GROUP INVESTOR RELATIONS Email: ir@etisalat.ae Website: www.etisalat.com/en/ir/index.jspr 21 21