Grameenphone Ltd. · DSEBD:GP
Grameenphone — Q1 2010 Earnings Presentation
11 slides from Grameenphone's earnings presentation, May 4, 2010
Slide 1: Grameenphone Ltd. First Quarter 2010
Grameenphone Ltd. First Quarter 2010 May 4, 2010
Slide 2: Solid Results
Solid Results + 14 % +3% Moderate Subscription Growth • Addition of 645,000 subscriptions • 23.9 million at the end of first quarter, crossed 24 million mark in April 2010 • Serving 44% of the market • SIM Tax, barrier to subscription growth Consistent Revenue Growth • BDT 1,700 crore revenue for th
Slide 3: Continued Innovation
Continued Innovation Continued innovation to keep our customers close • New products targeting various segments • Designed as per their usage needs Diversification of Business • Formation of Grameenphone IT Ltd. • Utilizing the high competences of existing employees Infrastructure Sharing • Complian
Slide 4: Regulatory Environment
Regulatory Environment Amendments in Bangladesh Telecommunication Act 2001 • Heavy fines up to BDT 300 crores • Deviations from Criminal Procedure Code • No provision to appeal against regulatory decisions 2G License Renewal • Four operators’ (including GP) license for 2G will expire in Q4 2011. We
Slide 5: Social Responsibility
Social Responsibility GP to Establish E-Upazilla • Private-public partnership with Government to support Digitalization of Bangladesh • Agreement signed with Social Development Foundation (SDF) • Pilot-project supported by World Bank ‘Duniya Kapano 30 minute’ • In reminiscence of the National Martyr
Slide 6: Consistent Revenue Growth
Consistent Revenue Growth +8% • Subscriber-friendly campaigns and +2% innovative products & services • Growth driven by voice and data revenues from increased subscription base • Partially offset by lower interconnection revenues Revenues (BDT Crore) Slide 6
Slide 7: Strong EBITDA margin
Strong EBITDA margin +1% • Strong EBITDA margin of BDT 944 +7% crores (55%) during the first quarter • Revenue growth and subscription acquisition cost attributed by subsidy related to SIM tax driving the EBITDA margin • Continuous cost optimization initiatives Slide 7
Slide 8: Increased Net Profit
Increased Net Profit + 38% • Higher revenue and EBITDA - 63% • Lower interest expenses due to low debt • Underlying NPAT of fourth quarter 2009 was BDT 235 crores (14% margin) + 37% • Despite lower corporate tax rate, BDT 233 crores was paid as corporate tax 235 during the first quarter of 2010, whi
Slide 9: Continued Investments in Network
Continued Investments in Network • BDT 116 crore investments, mainly in voice & data capacity and network quality enhancements • Investments in line with current traffic demand • Population coverage more than 99% • Geographical coverage 89% • Green BTS deployed, run by solar energy Investments (BDT
Slide 10: Shareholding Structure
Shareholding Structure • Telenor 55.8% • Grameen Telecom 34.2% • General retail and institutional investors 10% • 44.2% Bangladeshi Shareholders Dividend 2009 • 60% cash dividend proposed, subject to Shareholders’ approval • Total of BDT 810 crore dividend for 2009 • AGM to be held on 8th June 2010
Slide 11: Slide 11
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