Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — Q2 2016 Earnings Presentation
14 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, Jul 31, 2016
Slide 1: Q2 2016 Results
Q2 2016 Results Emirates Integrated Telecommunications Company PJSC 31st July 2016
Slide 2: Q2 Financial Highlights
Q2 Financial Highlights Total Revenue EBITDA Net Profit before Free Cash Flow Mobile subscribers (AED M) (AED M) w/wo royalty (000s) Royalty (AED M) (AED M) ‐0.8% +0.8% ‐0.9% ‐15.9% +10.1% 3,091 3,066 1,339 1,351 978 8,096 970 7,356 770 648 Q2 2015 Q2 2016 Q2 2015 Q2 2016 Q2 2015 Q2 2016 Q2 2015 Q2
Slide 3: H1 Financial Highlights
H1 Financial Highlights Total Revenue EBITDA Net Profit before Free Cash Flow Mobile subscribers w/wo royalty (000s) (AED M) (AED M) Royalty (AED M) (AED M) +0.2% +3.8% +4.6% ‐5.7% +10.1% 1,991 8,096 2,638 2,740 1,903 6,142 6,156 7,356 1,643 1,550 81 H1 2015 H1 2016 H1 2015 H1 2016 H1 2015 H1 2016 H
Slide 4: Progressive Dividend Payment
Progressive Dividend Payment Proposed dividend payment* AED per share Q2 2014 Q2 2015 Q2 2016 Special Dividend ‐ 0.10 ‐ Interim Dividend 0.12 0.13 0.13 Total Dividend 0.12 0.23 0.13 Sustained focus on creating shareholder value Proposed return of AED 594.28 million to shareholders, subject to OGM ap
Slide 5: Market overview
Market overview UAE Mobile Subscribers ‐ Market share quarterly evolution UAE Telecom Market – Revenue share quarterly evolution 60.0% 80.0% 70.0% 71.5% 55.0% 53.6% 60.0% 50.0% 50.0% 40.0% 46.4% * 45.0% 30.0% 28.5% 20.0% 40.0% Etisalat du 10.0% Etisalat du 35.0% 0.0% Q1‐15 Q2‐15 Q3‐15 Q4‐15 Q1‐16 Q2
Slide 6: Total Revenues
Total Revenues Quarterly Revenue (AED M) Year to date revenue (AED M) ‐0.8% +0.2% 3,091 3,047 3,148 3,090 3,066 6,142 6,156 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 H1 2015 H1 2016 Quarterly Mobile Revenues (AED M) Quarterly Fixed Revenue (AED M) ‐2.8% ‐0.5% 2,316 2,230 2,212 650 657 632 630 647 2,16
Slide 7: Revenue Drivers
Revenue Drivers Mobile Subscribers Active 90 Days (‘000) Quarterly Fixed Lines (‘000) +10.1% +4.8% 8,089 8,096 7,723 694 695 672 680 7,356 7,275 663 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Quarterly Mobile ARPU (AED) Year to date Mobile ARPU (AED) ‐11.8% ‐9.6%
Slide 8: Revenue Drivers – Mobile Data
Revenue Drivers – Mobile Data Quarterly Mobile Data Revenues (AED M) Full Year / Year to date Mobile Data Revenues (AED M) +4.5% +7.3% +6.7% 40.0% 2,961 2,759 784 779 719 742 752 35.0% 34.2% 32.7% 34.0% 33.8% 1,531 30.0% 1,435 31.2% 25.0% 29.7% 32.2% 30.9% 33.9% 20.0% Q2 2015 Q3 2015 Q4 2015 Q1 2016
Slide 9: EBITDA
EBITDA Quarterly EBITDA (AED M) Full Year / Year to date EBITDA (AED M) +0.8% +7.7% +3.9% 1,339 1,378 1,404 1,390 5,419 1,351 5,030 2,638 2,740 43.3% 45.2% 44.6% 45.0% 44.0% 43.9% 42.6% 45.0% 41.1% Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 FY 2014 FY 2015 H1 2015 H1 2016 EBITDA (AED M) EBITDA % EBITDA
Slide 10: Net Profit before Royalty
Net Profit before Royalty Quarterly Net Profit before Royalty (AED M) Full Year / Year to date Net Profit before Royalty (AED M) ‐0.9% +4.3% +4.6% 3,702 3,862 1,021 1,991 987 1,903 978 972 970 31.9% 33.1% 30.2% 31.3% 31.0% 31.7% 31.3% 31.6% 32.3% Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 FY 2014 FY 20
Slide 11: Net Profit after Royalty
Net Profit after Royalty Increasing royalty– Effective royalty up to 54.1% from 48.7% in Q2 2015 Quarterly Net Profit after Royalty (AED M) Full Year / Year to date Net Profit after Royalty (AED M) ‐11.3% ‐8.0% ‐6.4% 502 490 2,109 480 1,941 462 445 989 926 16.2% 16.1% 15.5% 14.7% 14.5% 17.2% 15.7% 1
Slide 12: Capital Investments
Capital Investments Quarterly CapEx Additions (AED M) Full Year / Year to date CapEx Additions (AED M) +16.6% +2.7% +3.5% 712 1,659 1,703 492 422 363 629 651 159 13.6% 13.8% 10.2% 10.6% Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 FY 2014 FY 2015 H1 2015 H1 2016 CapEx Additions (AED M) CapEx Additions as
Slide 13: Free Cash Flow
Free Cash Flow Quarterly Free Cash Flow before Royalty (AED M) Full Year/Year to date Free Cash Flow before Royalty (AED M) ‐15.9% +17.6% ‐5.7% 3,829 1,133 1,054 3,255 902 770 648 1,643 1,550 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 FY 2014 FY 2015 H1 2015 H1 2016 Quarterly Free Cash Flow after Royal
Slide 14: Disclaimer
Disclaimer • Emirates Integrated Telecommunications Company PJSC (hereafter ”du”) is a telecommunication services provider in the UAE. • du cautions investors that certain statements contained within this document state management’s intentions, hopes, beliefs, expectations or predictions of the futu
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