Emirates Telecom. Group Company (etisalat Group) Pjsc · ADX:EAND
Emirates Telecom. Group Company (etisalat Group) Pjsc — e& (Emirates Telecommunications Group Company PJSC) — Q1 2022 Earnings Presentation
20 slides from Emirates Telecom. Group Company (etisalat Group) Pjsc's earnings presentation, Apr 26, 2022
Slide 1: Q1 2022 Results Presentation
Q1 2022 Results Presentation 26 April 2022
Slide 2: Disclaimer
Disclaimer Emirates Telecommunications Group Company PJSC (“e&” or the “Company”) and its subsidiaries have prepared this presentation (“Presentation”) in good faith, however, no warranty or representation, express or implied is made as to the adequacy, correctness, completeness or accuracy of any n
Slide 3: Business Overview
Business Overview Hatem Dowidar Group Chief Executive Officer
Slide 4: Q1 2022 Financial Highlights
Q1 2022 Financial Highlights Constant Currency Q1’22 Q1’21 Y/Y% Y/Y% Revenue growth momentum continued in Q1’22 on higher demand Revenue (AED m) 13,331 13,220 +0.8% +3.5% for digital and data services EBITDA growth supported by higher revenue and effective EBITDA (AED m) 6,801 6,765 +0.5% +2.8% cost
Slide 5: Q1 2022: Key developments & operational highlights
Q1 2022: Key developments & operational highlights Group Telecom UAE Telecom International • Named the world’s strongest • Continued positive subscriber • FX impacted performance in telecom brand, the first in the development reported currency, though Middle East to achieve this global strong growth
Slide 6: Financial Overview
Financial Overview Karim Bennis Group Chief Financial Officer
Slide 7: Strong revenue growth despite currency headwinds
Strong revenue Group Revenue growth despite Sources of Revenue Growth (AED m) currency headwinds Revenue Growth (AED m) & YoY Growth (%) Q1 2022 vs Q1 2021 +3.5% Robust revenue growth 13,220 13,613 13,331 322 attributed to strong contribution 167 from UAE and Egypt operations 13,331 13,220 -65 -24
Slide 8: Sustained strong EBITDA growth and margins
Sustained strong Group EBITDA EBITDA growth and Sources of EBITDA Growth (AED m) margins EBITDA Growth (AED m) & Margin (%) Q1 2022 vs Q1 2021 +2.8% 99 133 EBITDA in constant currency 6,765 6,573 6,801 6,801 increased Y/Y by 2.8% 6,765 -48 -28 EBITDA margin is stable at 51% 51% 48% 51% -121 EB
Slide 9: Disciplined approach to capex
Disciplined Group CAPEX approach to capex Sources of CAPEX Growth (AED m) CAPEX (AED m) & Intensity Ratio (%) Q1 2022 vs Q1 2021 Consolidated capex excluding 126 34 1,644 spectrum costs increased Y/Y by 382 2,937 25%, resulting in intensity ratio of 1,078 269 10% 1,644 Spectrum 22% -244 acquisitio
Slide 10: Solid balance sheet & strong cash generation
Solid balance sheet Group Balance Sheet and Cash Flow & strong cash generation Balance Sheet (AED m) Dec-21 Mar-22 Cash Flow (AED m) Mar-21 Mar-22 Cash & Bank Balances 28,575 29,184 Operating 3,925 6,100 Maintained strong liquidity Total Assets 128,197 129,521 Investing (729) (3,875) position of A
Slide 11: Diversified and efficient debt profile
Diversified and Group Debt efficient debt profile Borrowings by Operations (AED m) Borrowings by Currency (%) Optimised borrowing costs and 15,840 debt profile Euro Others 29% 36% 65% of debt is at Group level 4,940 Bonds represent 44% of total 2,095 1,369 MAD USD debt 11% 24% Group MT Group P
Slide 12: Financial Highlights Country Performance
Financial Highlights Country Performance
Slide 13: Steady revenue growth with strong profitability
Steady revenue Etisalat UAE growth with strong EBITDA (AED m) and EBITDA Margin (%) Revenue (AED m) and YoY Growth (%) profitability 3,941 4,039 7,807 7,800 3,826 Revenue growth supported by 7,478 growth in mobile, fixed data and 53% 52% 5% 49% digital services 4% EBITDA growth in absolute terms
Slide 14: UAE Breakdown & Key KPIs: Strong revenue and subscriber gains
UAE Breakdown & Key KPIs: Strong revenue and subscriber gains Mobile Revenue(1) (AED m) & YoY Growth (%) Fixed Revenue(2) (AED m) & YoY Growth (%) Other Revenue(3) (AED m) & YoY Growth (%) 2,794 2,841 2,783 2,811 2,792 2,202 2,167 2,638 2,057 6% 8% 1% 12% 0% 5% -8% 3% 0% Q1’21 Q4’21 Q1’22 Q1’21 Q4’2
Slide 15: Maintaining exceptional EBITDA margin despite top line pressure
Maintaining Maroc Telecom Group(1) exceptional EBITDA Revenue (AED m) and YoY Growth (%) Subscribers (m) margin despite top line pressure 73.2 74.2 75.8 3,480 3,440 3,232 Subscriber growth is driven by 4% domestic and international -2% operations -7% MT Group’s domestic market revenue is under r
Slide 16: Sustaining double digit growth in revenue and profitability
Sustaining double Etisalat Misr digit growth in Revenue (AED m) and YoY Growth (%) Subscribers (m) revenue and profitability 27.8 28.1 1,367 +18.2% 26.5 1,298 1,131 Maintained subscriber growth 22% Demand for connectivity drives 13% 15% revenue growth; in constant currency, revenue increased 18.
Slide 17: Strong growth in local currency contributed by all business segments
Strong growth in PTCL Group local currency Revenue (AED m) and YoY Growth (%) Subscribers (m) contributed by all business segments 26.0 25.2 25.5 789 +3.2% 747 724 6% Growth in fixed broadband and 4G data subscribers Revenue growth in LC driven -3% -8% by data in mobile and fixed; in addition to
Slide 18: Financial Highlights Q1 2022: Improved revenue and profitability
Financial Highlights Q1 2022: Improved revenue and profitability and sustaining strong cash flow Revenue EBITDA Net Profit CAPEX(1) AED Billion AED Billion AED Billion AED Billion 13.3 6.8 2.4 1.3 YOY Growth YOY Growth YOY Growth YOY Growth +0.8% +3.5% +0.5% +2.8% +3.6% +24.8% Free Cash Flow(2) EBIT
Slide 19: 2022 Guidance: Firmly on track to meet 2022 financial guidance
2022 Guidance: Firmly on track to meet 2022 financial guidance Guidance Actual Financial KPI FY 2022 3M 2022 Low single +0.8% Revenue Growth % digit growth EBITDA Margin % ~49% 51.0% EPS (AED) ~1.08 0.28 CAPEX / Revenue % 16.5%-17.5% 12.3% 19
Slide 20: we are
we are
e& (Emirates Telecommunications Group Company PJSC) — Q1 2022 Earnings Presentation on 6ix