Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — Q2 2018 Earnings Presentation
12 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, Jul 19, 2018
Slide 1: Q2 2018 Results
Q2 2018 Results Emirates Integrated Telecommunications Company PJSC July 19, 2018 1 Restricted circulation, privileged & confidential
Slide 2: Q2 2018: Key Highlights
Q2 2018 : Key Highlights • Revenues up 2.9% to AED 3.35 billion in Q2 2018 compared to the same period last year, attributed to solid growth in fixed revenues and robust performance of mobile revenues • Fixed line subscriber base increased 5.7% in Q2 2018, compared to the same period last year and m
Slide 3: Q2 2018: Revenue Performance
Q2 2018 : Revenue Performance Total Revenue (AED Mn.) Segment Contributions (AED Mn.) Mobile Revenues -1.6% +2.9% • Revenue growth supported by a growth in our fixed line revenue, up 9.4% in Q2 2018 1,847 1,818 compared to the same quarter last year • Mobile revenues were impacted by seasonality, bu
Slide 4: Profitability
Q2 2018 : Profitability EBITDA (AED Mn.) Net Profit after Royalty (AED Mn.) +4.7% +1.3% • EBITDA growth of 4.7% is ahead of reported Revenue growth of 2.9% in Q2 2018, compared to Q2 2017. • EBITDA growth is attributed to a solid revenue performance and the RESET efficiency programme 1,411 447 453 1
Slide 5: Capex and Free Cash flow
Q2 2018 : Capex and Free Cash flow Capital Expenditure (AED Mn.) Free Cash Flows (AED Mn.) FCF Before Royalty -68.8% +18.5% • FCF has increased as a result of greater profitability and decreased capital expenditure compared to the same period in the previous quarter 650 548 • Capital expenditure is
Slide 6: Subscribers and ARPU
Q2 2018 : Subscribers and ARPU Subscriber (In ‘000) Mobile ARPU (In AED) Mobile ( ‘000) Q2-17 Q2-18 -4.8% +1.6% -3.7% 8,228 7,923 9,172 8,733 • Mobile subscriber base declined by 3.7% compared to previous year as we continued our focus on the value rather than volume. This is evident in our ARPU gro
Slide 7: H1 2018: Revenue Performance
H1 2018 : Revenue Performance Total Revenue (AED Mn.) Segment Contributions (AED Mn.) Mobile Revenues -0.6% +4.0% • In line with Q2 2018 results, growth for H1 2018 has mainly come from our fixed business, including managed services and data mena. Implementation of IFRS 15 marginally impacted 3,640
Slide 8: H1 2018: Profitability
H1 2018 : Profitability EBITDA (AED Mn.) Net Profit after Royalty (AED Mn.) One-Off Benefits 965 2,862 2,574 +4.6% +4.4% 119 169 812 • H1 2018 EBITDA and Net Profit was impacted by a one off benefit received from the reversal of regulatory charges in Q1 2018, Excluding the impact of the one- off ben
Slide 9: H1 2018: Capex and Free Cash flow
H1 2018 : Capex and Free Cash flow Capital Expenditure (AED Mn.) Free Cash Flows (AED Mn.) FCF Before Royalty -62.2% +29.6% • FCF has increased as a result of greater profitability and decreased capital expenditure compared to the same period in the previous year 1,741 1,343 • Capital expenditure is
Slide 10: H1 2018: Subscribers and ARPU
H1 2018 : Subscribers and ARPU Subscriber (In ‘000) Mobile ARPU (In AED) Mobile ( ‘000) Q2-17 Q2-18 +0.8% -4.8% -3.7% • Mobile subscriber base declined by 3.7% compared to previous year as we continued our focus on the value rather 8,228 7,923 9,172 8,733 than volume. This is evident in our ARPU gro
Slide 11: Market overview: Market share consolidation
Market overview Market share consolidation – sustain competitiveness in the market UAE Mobile Subscribers - Market share quarterly evolution UAE Telecom Market – Revenue share quarterly evolution 80.0% 60.0% 70.0% 70.1% 60.0% 55.0% 54.0% 50.0% 50.0% 40.0% * 30.0% 29.9% 45.0% 46.0% 20.0% 10.0% etisal
Slide 12: Thank You
Thank You eitc
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