Ooredoo Q.p.s.c · QSE:ORDS

Ooredoo Q.p.s.c — Ooredoo — H1 2016 Earnings Presentation

29 slides from Ooredoo Q.p.s.c's earnings presentation, Jul 27, 2016

  1. Slide 1: Ooredoo Group 1H 2016 Results

    Ooredoo Group 1H 2016 Results 27July 2016

  2. Slide 2: Disclaimer

    Disclaimer  Ooredoo (parent company Ooredoo Q.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,

  3. Slide 3: Contents

    Contents  Results Review  Operations Review  Additional Information 3 | 1H 2016 | Ooredoo Group Results Call

  4. Slide 4: 2016 1H Highlights

    Group Results Overview Results Review Operations Review Additional Information 2016 1H Highlights Global customer base further expanded • Ooredoo Group customer base increased by 14% to 130 million; driven by strong growth in Indonesia and Myanmar Solid performance delivered • Revenue at QAR 16 bill

  5. Slide 5: 2016 1H Highlights - continued

    Group Results Overview Results Review Operations Review Additional Information 2016 1H Highlights - continued Strategic investments into networks & data / B2B • Continued strong data growth from consumer and enterprise customers: data revenue increased to 39% of Group revenue (H1 2015: 34%). Revenue

  6. Slide 6: Revenue and EBITDA

    Group Results Overview Results Review Operations Review Additional Information Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin -3% -3% -1% 17,026 16,504 -10% 16,042 15,914 7,612 -6% 0% 6,870 6,456 6,478 45% 42% 40% 41% 1H'13 1H'14 1H'15 1H'16 1H'13 1H'14 1H'15 1H'16 Revenue growth

  7. Slide 7: Net Profit and Net Debt

    Group Results Overview Results Review Operations Review Additional Information Net Profit and Net Debt Net Profit Attributable to Ooredoo Shareholders (QARm) Net Debt (QARm) and Net Debt/EBITDA Net Foreign Exchange +4% -6% +0% -2% 31,443 1,731 30,248 29,672 29,593 1,704 +46% -41% 1,462 1,002 922 1,8

  8. Slide 8: Free Cash Flow and Capital Expenditure

    Group Results Overview Results Review Operations Review Additional Information Free Cash Flow and Capital Expenditure Free Cash Flow (QARm) CAPEX (QARm) and CAPEX/Revenue (%) +6% -3% +197% 3,952 3,847 3,739 3,383 -37% 2,377 -22% 2,411 1,859 -39% 24% 24% 22% 1,138 15% 1H'13 1H'14 1H'15 1H'16 1H'13 1H

  9. Slide 9: Total Customers

    Group Results Overview Results Review Operations Review Additional Information Total Customers Total Customers (000) +14% +21% 130,424 +2% 113,913 92,339 94,331 1H'13 1H'14 1H'15 1H'16 Strong customer growth year on year, mainly from Indonesia and Myanmar Gained almost 17 million net new customers Y

  10. Slide 10: Total Group Debt Breakdown

    Group Results Overview Results Review Operations Review Additional Information Total Group Debt Breakdown Total Group Debt (QARm) Total Group Debt Breakdown (as of June 30, 2016) Short-term Long-term 45,863 Others 43,989 10% 42,029 42,193 4,204 4,756 7,656 Indonesia 8,133 13% 38,989 39,233 38,207 33

  11. Slide 11: Successful funding transactions

    Ooredoo (Q.S.C) Overview Results Review Operations Review Additional Information Successful funding transactions USD 500mn 10 year RegS / 144a Bonds USD 1 billion Revolving Credit Facility (RCF) Issuer Ooredoo International Finance Limited Arrangers Qatar National Bank S.A.Q., Australia and New Zeal

  12. Slide 12: Debt Profile – Ooredoo Q.S.C. level

    Group Results Overview Results Review Operations Review Additional Information Debt Profile – Ooredoo Q.S.C. level 1,800 1600 Loans Bonds Sukuk 1,600 1,400 1250 1,200 1000 1000 1000 1000 1,000 750 800 650 600 500 500 500 400 200 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2028 2043 Issu

  13. Slide 13: 2016 1H Performance Summary

    Group Results Overview Results Review Operations Review Additional Information 2016 1H Performance Summary % Change 2016 Annual 1H 2016 1H 2016 / 1H 2015 Guidance Consolidated Revenue (QAR bn) 15.9 -1% -1% to +2% EBITDA (QAR bn) 6.4 0% -3% to 0% Capital Expenditure (QAR bn) 2.4 -37% 6.5 bn to 7.5 bn

  14. Slide 14: Contents

    Contents  Results Review  Operations Review  Additional Information 14 | 1H 2016 | Ooredoo Group Results Call

  15. Slide 15: Qatar

    Group Operations Overview Results Review Operations Review Additional Information Qatar QARm • Market leadership position maintained - Ooredoo’s fixed line and mobile networks in Qatar Revenue ranked among fastest globally +1% 4,003 4,033 • Growth in revenue driven by wireless business, flat revenue

  16. Slide 16: Indonesia

    Group Operations Overview Results Review Operations Review Additional Information Indonesia QARm Revenue EBITDA & Margin • Double digit cellular revenue growth in local +7% currency terms year-on-year supported by growth +9% 3,543 3,787 in all services (voice, SMS, data and VAS) 1,740 1,598 • EBITDA

  17. Slide 17: Iraq

    Group Operations Overview Results Review Operations Review Additional Information Iraq QARm Revenue • Revenue declined due to challenging economic environment (oil price, lower consumer spend), -15% the security situation in parts of Iraq and intense 2,457 2,095 competition • Strict cost control hel

  18. Slide 18: Oman

    Group Operations Overview Results Review Operations Review Additional Information Oman QARm Revenue • Ooredoo Oman again showing strong growth on +9% all levels: Revenue, EBITDA, Net Profit and 1,298 1,194 customer numbers • Growth driven by both mobile and fixed data revenue, now data is 50% of rev

  19. Slide 19: Kuwait

    Group Operations Overview Results Review Operations Review Additional Information Kuwait QARm Revenue EBITDA & Margin • Ooredoo Kuwait displayed local currency growth in a highly competitive market. +9% 1,111 1,210 • Revenue up 10% YoY +3% 250 257 • EBITDA up 4%YoY 22% 21% • Growth driven by postpai

  20. Slide 20: Algeria

    Group Operations Overview Results Review Operations Review Additional Information Algeria QARm • Ooredoo reporting yoy and sequential local currency Revenue EBITDA & Margin growth in Algeria as the overall market was challenging with weak macro-economic situation -10% -6% • 2% Revenue growth and 7%

  21. Slide 21: Tunisia

    Group Operations Overview Results Review Operations Review Additional Information Tunisia QARm Revenue EBITDA & Margin • Ooredoo Tunisia maintained its market leadership position and market share with a total customer -9% 920 base of 7.6 million 839 412 -25% • Tunisian economy still suffering from l

  22. Slide 22: Myanmar

    Group Operations Overview Results Review Operations Review Additional Information Myanmar QARm • Ooredoo Myanmar first 4G service provider in Revenue Myanmar (Launch in May 2016) +41% • Continued its revenue growth performance with 717 EBITDA positively impacted by increasing scale of 510 operations

  23. Slide 23: Q&A

    “++ +H HHH HHHHHHH HHH HH HF a + Q&A “f+ + © +H HHH HH

  24. Slide 24: Contents

    Contents  Results Review  Operations Review  Additional Information 24 | 1H 2016 | Ooredoo Group Results Call

  25. Slide 25: Breakdown Revenue & EBITDA

    Group Operations Breakdown Overview Results Review Operations Review Additional Information Revenue & EBITDA Revenue (QARm) EBITDA (QARm) 17,026 16,504 7,612 16,042 15,914 6,870 6,456 6,478 1H'13 1H'14 1H'15 1H'16 1H'13 1H'14 1H'15 1H'16 Qatar 3,215 3,502 4,003 4,033 Qatar 1,600 1,743 2,020 1,940 In

  26. Slide 26: Breakdown CAPEX & Customers

    Group Operations Breakdown Overview Results Review Operations Review Additional Information CAPEX & Customers CAPEX Breakdown Customers Breakdown Tunisia Others Others Tunisia Qatar 5.8% 2.2% Qatar 1.0% 5.8% 2.6% Iraq 16.6% Myanmar 6.3% 8.3% Mynamar Algeria 19.3% 10.2% Iraq 9.2% Kuwait 1.9% Oman 2.2

  27. Slide 27: Breakdown Blended ARPU

    Group Operations Breakdown Overview Results Review Operations Review Additional Information Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) 67.0 67.0 67.0 49.8 50.3 51.2 51.9 34.5 63.9 64.9 66.2 47.9 32.7 38.4 46.5 30.5 30.6 127.3 127.6 124.3 35.4 36.6 29.2 29.5 118.5 1

  28. Slide 28: Statutory Corporate Tax Rates

    Results Operations Additional Overview Review Review Information Additional Information Statutory Corporate Tax Rates Statutory Losses C/Fwd Notes Tax Rate Allowed Algeria 26% 4 years Indonesia 25% 5 years Iraq 15% 5 years GCC companies (including NMTC)are exempted and are subjected to 4.5% Zakat, K

  29. Slide 29: Website: ooredoo.com

    Website: ooredoo.com Follow us Email: IR@ooredoo.com Twitter: @OoredooIR

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