Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — H1 FY13 Earnings Presentation
19 slides from Vodafone Qatar Qsc's earnings presentation, November 2012
Slide 1: Vodafone Qatar Q.S.C Financial Results Press Presentation
Vodafone Qatar Q.S.C Financial Results Press Presentation For the half-year ended 30 September 2012 1 H1 Financial Results – 30 September 2012
Slide 2: Disclaimer
2 Disclaimer • The following presentation is made only to, and is directed only at, persons to whom such a presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. • This presentation c
Slide 3: Agenda
3 Agenda • Key highlights • H1 FY13 Financial review • Commercial and strategic progress • Q&A 3 H1 Financial Results - 30 September 2012
Slide 4: Key Highlights
Key For the 6 months ended 30 September 2012 Highlights 936,300 Mobile Customers 30.5% Mobile customer 15% growth market share 2.5pp growth QR 696m 25.4% Mobile revenue Total Revenue market share for 18% growth % the half-year 1.4pp growth QR 102m QR (39)m EBITDA Distributable Profits 15% margin, 57
Slide 5: H1 FY13 Financial Review
H1 FY13 Financial Review Steve Walters Follow this code to view our Investor Relations web page 5 H1 Financial Results – 30 September 2012
Slide 6: Mobile Customer Growth
Mobile Customer Growth Year-on-Year Growth in Mobile Customers 30.5% 28.0% 22.0% 936 814 601 Sep-10 Sep-11 Sep-12 Total Mobile Customers Mobile Customer Market Share • 15% growth in Customer Numbers year-on-year, 122k customers gained • 8.4% growth in population* • Successful Postpaid launch *Based
Slide 7: Total Revenue
Total Revenue Year-on-Year Total Revenue Comparison 25.4% 24.0% 696 590 16.8% 385 6mths to Sep-10 6mths to Sep-11 6mths to Sep-12 6mt h Revenue (QRm) Ha lf-Yea rly Mobile Revenue Mk t Sha re • 18% growth in Total Revenue year-on-year, delivering 1.4pts improvement in market share • Revenue growth dr
Slide 8: EBITDA
EBITDA Year-on-Year EBITDA Comparison 102 65 * (32) 6mths to Sep-10 6mths to Sep-11 6mths to Sep-12 * Benefitted from one-off EBITDA half-year -32 65 102 QR25m accounting EBITDA Margin % -8% 11% 15% adjustment for Star numbers • EBITDA growth continues • 57% increase in EBITDA year-on-year • EBITDA
Slide 9: Net Loss & Distributable Profits
Net Loss & Distributable Profits Year-on-Year Comparison 6mths to Sep-09 6mths to Sep-10 6mths to Sep-11 6mths to Sep-12 * (60) * (39) * Adjusted for benefit of (110) one-off QR25m (189) accounting adjustment for Star number (Reported Net Loss: QR237m, Distributable Profit (35)m) (240) Distributable
Slide 10: Capitalised Fixed Asset Additions
Capitalised Fixed Asset Additions 189 146 122 60 6mths to Sep-10 6mths to Sep-11 6mths to Sep-12 Fixed 21 21 60 Capital Mobile Intensity 49% 21% 21% 168 101 86 Total FA Additions 189 122 146 Fixed Line Capital Intensity 49% 21% 21% Mobile • Mobile capital investment predominantly on 3G with 26 sites
Slide 11: Commercial and Strategic Progress
Commercial and Strategic Progress Richard Daly 11 H1 Financial Results – 30 September 2012
Slide 12: Strategic Priorities Key achievements
Strategic Priorities Key achievements • Total market growing +14% YoY Fast Growing Market • 936,300 customers – 51% of population • Revenue & EBITDA growth continues Post-paid • Strong customer numbers and high value profile • Mostly Qatari and Indian Nationals Launch Mobile Number • Scheduled for S
Slide 13: Vodafone Qatar: Ready for Business
Vodafone Qatar: Ready for Business Strong Serving more than Network half of the population every month Post-paid Now available Fixed Line Now available 13 H1 Financial Results – 30 September 2012
Slide 14: Appendices
Appendices 14
Slide 15: Condensed Statement of Income – half-year ended 30 September 2012
Condensed Statement of Income – half-year ended 30 September 2012 Six months ended 30 September 2012 2011 (Reviewed) (Reviewed) QR’000 QR’000 Revenue 695,897 590,310 Direct costs (308,042) (275,925) Other expenses (285,421) (249,208) Earnings before interest, tax, depreciation and amortisation 102,4
Slide 16: Condensed Statement of Financial Position – as at 30 September 2012
Condensed Statement of Financial Position – as at 30 September 2012 30 September 31 March 30 September 31 March 2012 2012 2012 2012 (Reviewed) (Audited) (Reviewed) (Audited) QR’000 QR’000 QR’000 QR’000 Non-current assets Property, plant and equipment 1,361,356 1,363,974 Intangible assets 6,369,575 6
Slide 17: Financial Summary
Financial Summary Financial Performance 6mths to 6mths to 6mths to Sep-10 Sep-11 Sep-12 QRm QRm QRm Total Revenue (Fixed & Mobile) 385 590 696 EBITDA (Fixed & Mobile) (32) 65 102 Net Loss (Fixed & Mobile) (312) (237) (240) Capitalised Fixed Asset Additions (Fixed & Mobile) 189 122 146 Free Cash Flow
Slide 18: Vodafone Qatar Shareholder Structure
18 Vodafone Qatar Shareholder Structure Private institution of public Global Utility founded by Telecommunications HH Sheikh Hamad Bin Khalifa leader Al-Thani 49% 51% Vodafone and Qatar Foundation LLC 45% • Authorized Share Capital: 845,400,000 (Shares) Vodafone Qatar QSC • Paid Up Capital: QAR 8,45
Slide 19: Contact Details
19 Contact Details Rachael Mayo-Smith Steve Walters Head of Investor Relations Chief Financial Officer M +974 7777 5642 M +974 7777 5464 E rachael.mayo-smith@vodafone.com E steve.walters01@vodafone.com Khalid Barzak Address: Vodafone Qatar PO BOX 27727 Investor Relations Manager Doha, Qatar M +974 7