Slide 1: Ooredoo Group Q4 2021 Results
Ooredoo Group Q4 2021 Results February 2022
Slide 2: Disclaimer
Disclaimer • Ooredoo (parent company Ooredoo Q.P.S.C.) and the group of companies which it forms part of (“Ooredoo Group”) cautions investors that certain statements contained in this document state Ooredoo Group management's intentions, hopes, beliefs, expectations, or predictions of the future and
Slide 3: Contents
Contents 1 Results review 2 Operations review 3 Additional information 3
Slide 4: Group Results: Key Highlights
Group Results Key Highlights Positive financial performance driven by operational momentum Revenue for 2021 reached Group EBITDA for 2021 Free cash flow reached Group Net Profit for 2021 In January 2022, Ooredoo QAR 29.9 bn, an increase was QAR 13.1 bn with a QAR 8.2 bn up 30% from decreased by 96%.
Slide 5: Group Results: Key Highlights 2021
Group Results Key Highlights 2021 “We accelerated commercial momentum, resulting in a positive financial performance with higher revenues, an expanded customer base, healthy cash reserves and improved EBITDA. EXCELLENCE IN VALUE FOCUSED CUSTOMER EXPERIENCE PORTFOLIO • 5G services are now available i
Slide 6: Merger of Indosat and H3I
Merger of Indosat and H3I Creating a stronger No. 2 telco in Indonesia Indosat Ooredoo Hutchison • Strategic partnership between Ooredoo Q.P.S.C. (“OG”) and CK Hutchison (“CKH”) with combined pre- synergy implied enterprise value of c.US$6.0bn • Building a new Indonesian world class digital telco co
Slide 7: Positive Impact for Indonesia & IOH
Positive Impact for Indonesia & IOH ◼ Merged entity - Indosat Ooredoo Hutchison – remains listed on the Indonesian Stock Market, with Indosat Ooredoo Hutchison Commitment to issuing new shares to H3I shareholders with a five-year lock-in period Indonesia and ◼ OG and CKH are joint controlling shareh
Slide 8: Revenue and EBITDA
Overview Results review Operations review Additional information Group Results Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin +4% +8% 29,900 28,867 +4% 13,050 +11% 12,088 7,782 3,147 7,453 2,841 44% 42% 40% 38% FY-20 FY-21 Q4-20 Q4-21 FY-20 FY-21 Q4-20 Q4-21 • 4% Revenue growth, i
Slide 9: Net Profit
Overview Results review Operations review Additional information Group Results Net Profit Net Profit Attributable to Ooredoo shareholders (QARm) Q4 Net Profit (QARm) FY Net Profit (QARm) +61% 806 +143% 2,223 643 1,384 1,126 264 47 FY 2020 FY 2021 FY 2020 FY 2021 Reported Reported Normalized Normaliz
Slide 10: Free Cash Flow and Capital Expenditure
Overview Results review Operations review Additional information Group Results Free Cash Flow and Capital Expenditure Capex (QARm) & Capex/ Revenue (%) Free Cash Flow (QARm) +30% 5,790 -16% 8205 4,845 6298 +184% 1,323 2,375 -23% 20% 16% 1,823 32% 23% 466 FY-20 FY-21 Q4-20 Q4-21 FY-20 FY-21 Q4-20 Q4-
Slide 11: Total customers
Overview Results review Operations review Additional information Group Results Total customers Total Customers (Millions) +3% +1% +2% 117.2 120.4 121.4 115.2 FY-18 FY-19 FY-20 FY-21 • Growing customer numbers in Indonesia, Iraq, Algeria, Qatar, Oman and Maldives. 11
Slide 12: Net debt
Overview Results review Operations review Additional information Group Results Net debt Net Debt (QARm) and Net Debt / EBITDA +12% -3% -6% 24,975 24,177 22,771 22,260 1.9 1.8 1.8 1.5 FY-18 FY-19 FY-20 FY-21 • Positive trend of Group Net Debt reduction continued; Net Debt to EBITDA ratio 1.5x • Lower
Slide 13: 2021 performance summary & Guidance for 2022
Overview Results review Operations review Additional information Group Results 2021 performance summary & Guidance for 2022 Group Financials FY 2021 % Change 2021 Full Year 2022 Full Year 2021 Proforma* (QAR bn) Actual FY 2021 / 2020 Guidance over 2020 Guidance over 2021 Revenue 29.9 4% -3% to +1% 2
Slide 14: Contents
Contents 1 Results review 2 Operations review 3 Additional information 14
Slide 15: Qatar
Overview Results review Operations review Additional information Qatar QARm Revenue EBITDA EBITDA Margin • Strong No.1 position maintained - Ooredoo’ s fixed line and mobile networks in Qatar ranked among fastest globally • Revenue grew by 6% compared to YTD 2020 mainly due to growth in 52% 52% Post
Slide 16: Kuwait
Overview Results review Operations review Additional information Kuwait QARm 648 641 660 607 632 2,492 2,540 • COVID-19 pandemic continued to have a negative impact on Kuwait economy. Revenue pressure to continue for mid-term due to COVID 19, low pricing and economy slowdown 135 169 189 200 179 617
Slide 17: Algeria
Overview Results review Operations review Additional information Algeria QARm 570 566 585 573 2,275 551 2,256 • Economic activity in Algeria is showing signs of a slow recovery, despite the continued deprecation of the Algerian Dinar (-7% yoy) • While revenues stood flat at QAR 2.3 billion, in local
Slide 18: Tunisia
Overview Results review Operations review Additional information Tunisia QARm 422 392 394 399 403 1,516 1,617 • Robust results despite many COVID-19 cases, with revenue increase of 7% compared to the same period last year 156 162 167 182 115 650 625 • EBITDA down 4% mainly due a transformation progr
Slide 19: Indonesia
Overview Results review Operations review Additional information Indonesia QARm 2,129 7,994 • Indosat Ooredoo continues to deliver strong growth, reporting a 14% 2,045 1,933 6,983 1,859 1,887 increase in revenue to QAR 7.9 billion • EBITDA increased by 22% to QAR 3.9 billion mainly driven by solid t
Slide 20: Iraq
Overview Results review Operations review Additional information Iraq QARm Revenue EBITDA 43% 46% 1,037 1,054 4,020 3,657 • Iraqi economy was impacted by weakening purchasing power 902 852 849 following the 18% devaluation of the Iraqi Dinar and the effect of the COVID-19 pandemic • Although we see
Slide 21: Oman
Overview Results review Operations review Additional information Oman QARm Revenue EBITDA EBITDA Margin • COVID-19 pandemic contributed to a softening macroeconomic environment in Oman and revenues declined 7% yoy, due to lower 53% 52% consumer mobile prepaid revenue partially offset by postpaid rev
Slide 22: Myanmar
Overview Results review Operations review Additional information Myanmar QARm 315 300 269 252 1,172 • Situation in the country impacted Ooredoo Myanmar’s revenues. With 232 1,068 easing of the data restrictions and reinstatement of the pricing floor by regulator, business improved in H2’21 132 131 •
Slide 23: 2022 Ooredoo Capital Markets Day
2022 Ooredoo Capital Markets Day New Date: September 2022 TBC (Hopefully welcoming you IRL in Doha) More details in due course 23
Slide 24: Contents
Contents 1 Results review 2 Operations review 3 Additional information 24
Slide 25: Today's Presenters
Today’s Presenters Mr. Aziz Aluthman Fakhroo Sheikh Mohammed Al Thani Mr. Abdulla Ahmed Al-Zaman Managing Director Deputy Group CEO and Chief Executive Officer of Ooredoo Group CFO Ooredoo Group Ooredoo Qatar Ooredoo Group • Mr. Abdulla Ahmed Al-Zaman was appointed as • Mr. Aziz Aluthman Fakhroo was
Slide 26: Today's Presenters
Today’s Presenters Ahmad Al Naama Andreas Goldau, CFA Senior Manager, Investor Relations Senior Director, Investor Relations Ooredoo Group Ooredoo Group • Ahmad joined Ooredoo in 2014 and is currently • Andreas joined Ooredoo in 2009 and holds the role of Head working in the Investor Relations team.
Slide 27: Additional Information: Key Operations Importance to Group
Overview Results review Operations review Additional information Additional Information Key Operations Importance to Group Revenue (QARm) EBITDA (QARm) 29,927 29,916 28,867 29,900 12,202 12,847 12,088 13,050 FY-18 FY-19 FY-20 FY-21 FY-18 FY-19 FY-20 FY-21 Qatar 3,987 3,957 3,696 3,848 Qatar 7,742 7,
Slide 28: Group Operations Breakdown: CAPEX & Customers
Group Operations Breakdown Overview Results review Operations review Additional information CAPEX & Customers CAPEX Breakdown (%) Customer Breakdown (%) Myanmar, Myanmar, Others, 1% 3% Others, 2% Qatar , 3% 9% Tunisia, 5% Qatar , 17% Algeria, 6% Tunisia, 6% Kuwait, 7% Algeria, 11% Oman, 10% Kuwait,
Slide 29: Total Group Debt Breakdown
Group Operations Breakdown Overview Results review Operations review Additional information Total Group Debt Breakdown Total Group Debt (QARm) Total Group Debt Breakdown Long Term Short Term Including Indosat Ooredoo Excluding Indosat Ooredoo Oman Others 1% 36,966 2% NMTC 2% Indonesia 9,321 30,932 1
Slide 30: Debt Profile – Ooredoo Q.P.S.C. level
Group Results Overview Results review Operations review Additional information Debt Profile – Ooredoo Q.P.S.C. level (USD mn) BoC USD150m RCF 530 BoC USD 70m RCF 150 Undrawn USD500m RCF 1,000 20 20 1,000 DBS USD 300m 750 RCF 500 500 500 190 20 80 20 2022 2023 2024 2025 2026 2027 2028 2029 2031 2043
Slide 31: Debt Profile – Ooredoo Q.P.S.C. level
Group Results Overview Results review Operations review Additional information Debt Profile – Ooredoo Q.P.S.C. level Loans (in USD m) Facility Usage Rate * Maturity Issue Bonds (in USD m) Amount Interest Maturity Listed in QNB QAR3bn RCF 824 0 QAR MM rate 31-Jan-22 Fixed Rate Bonds due 2023 1,000 3.
Slide 32: Blended ARPU
Blended ARPU Overview Results review Operations review Additional information Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) 54.5 25.5 23.7 22.3 50.4 66.3 101 113 113 110 110 45.1 44.2 44.3 43.9 59.1 60.5 62.6 62.6 63.8 23.7 90 17.8 18.2 19.6 19.2 22.9 23.3 21.6 21.6 Indonesia (QAR
Slide 33: Service Revenue
Service Revenue Overview Results review Operations review Additional information Service revenue (QARm) +3% 28,515 27,596 +5% 7,038 7,372 FY-20 FY-21 Q4-20 Q4-21 33
Slide 34: Dividend policy
Overview Results review Operations review Additional information Dividend policy • The Ooredoo Board has approved a sustainable and progressive dividend policy for the company, aiming for a dividend payout in the range of 40% to 60% of normalized earnings | | 34
Slide 35: OPCOs Licence General Information
OPCOs Licence General Information Overview Results review Operations review Additional information Fixed Licence Mobile Licence Country Issuance Date Expiry Date Issuance Date Expiry Date Qatar 7 October 2007 6 October 2032 7 October 2007 6 October 2027 13 October 1997 Kuwait -- -- Indefinite Emiri
Slide 36: Statutory Corporate Tax Rates
Statutory Corporate Tax Rates Overview Results review Operations review Additional information Statutory Statutory Losses LossesC/Fwd C/Fwd Markets Markets Notes Tax TaxRate Rate Allowed Allowed Algeria 26% 4 years The Tax Rate is 22% for tax years 2020 and 2021, 20% for tax year 2022 onwards Indone
Slide 37: Thank You
Thank You