Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — Q3 2022 Earnings Presentation
17 slides from Vodafone Qatar Qsc's earnings presentation, Oct 26, 2022
Slide 1: Financial results: Nine months ended 30 September 2022
Vodafone Qatar P.Q.S.C. Financial results: Nine months ended 30 September 2022 26 October 2022
Slide 2: Quarterly Highlights
Quarterly Highlights Hamad Al-Thani Chief Executive Officer
Slide 3: Key Messages
Key Messages Profitable Growth • 19 consecutive quarters of Y/Y • YTD FY’22 Net Profit grows to QAR 334m, Continues Revenue growth already crossed 2021 Full Year figure YTD Total Revenue +24.7% Y/Y. Growing YTD Net Profit +66.9% Y/Y across both Mobile & Fixed. • Radio Coverage & Capacity Expansion •
Slide 4: Financial Performance
Financial Performance Nine months ended 30 September 2022 Masroor Anjum Chief Financial Officer
Slide 5: Key Highlights: Nine months ended September 2022
Key Highlights ⋮ Nine months ended 30 September 2022 Strong revenue Cost Highest ever Strong subscriber growth efficiency profitability growth • Total Revenue grows • OPEX intensity continue • EBITDA QR 879m, 22% • Mobility subscribers 24.7% led by service to decline with 1.5 ppts increase YoY grew
Slide 6: FY22 Q3 YTD Year on Year: Strong performance across all financial KPIs
FY22 Q3 YTD Year on Year ⋮ Strong performance across all financial KPIs Revenue Expenses EBITDA Net Profit +24.7% +26.5% +22.0% +66.9% • Total revenue grew QR 430m (24.7%) led by 2,176 1,297 879 334 service revenue growth (+14.2%) and 314 +14% projects revenue 1,746 720 1,026 544 115 • Expenses high
Slide 7: FY22 Q3 Year on Year: Revenue growth continues to drive profitability
FY22 Q3 Year on Year ⋮ Revenue growth continues to drive profitability Revenue Expenses EBITDA Net Profit +27.0% +35.2% +16.0% +78.0% 740 452 288 118 • Total revenue growth of 27% (QR 157m) led 108 +14% 249 by service revenue and projects 583 334 189 31 • Growth in revenue and network expansion driv
Slide 8: Service Revenue: Subscriber growth driving increase in revenue
Service Revenue ⋮ Subscriber growth driving increase in revenue Postpaid Prepaid Total service revenue +13.9% +14.2% 965 651 1,862 847 1,630 797 501 1,500 747 +8.7% 1,421 1,443 425 434 400 621 FY18 YTD FY19 YTD FY20 YTD FY21 YTD FY22 YTD FY18 YTD FY19 YTD FY20 YTD FY21 YTD FY22 YTD FY18 YTD FY19 YTD
Slide 9: FY22 Q3 YTD Year on Year: Improving efficiency and margins
FY22 Q3 YTD Year on Year ⋮ Improving efficiency and margins Reported EBITDA Margin excl. equipments 35.1% • OPEX intensity of 25% (-1.5 ppts YoY) as a result of continued 29.1% 29.3% OPEX cost optimisation despite network expansion and higher 26.5% 25.0% subscribers Intensity -1.5ppts FY18 YTD FY19
Slide 10: Capital Expenditure: Investments driving profitable growth
Capital Expenditure ⋮ Investments driving profitable growth Capital expenditure (CAPEX) Return on capital employed (ROCE*) 30.0% +6.0 ppts +2.0 ppts 23.3% 21.4% 637 18.7% 8.7% * 16.1% 489 241 465 6.7% 411 408 270 4.2% 222 182 3.3% 2.8% 396 218 189 226 FY18 FY19 FY20 FY21 Sep 2022 FY18 FY19 FY20 FY21
Slide 11: Cash Flows from Operations: Generating strong cash flows
Cash Flows from Operations ⋮ Generating strong cash flows Cash generated from operations* Net Debt 699 620 644 595 517 523 +44% 211 466 485 419 254 211 211 364 226 433 305 312 341 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Sep-22 FY18 YTD FY19 YTD FY20 YTD FY21 YTD FY22 YTD Dividend Cash Flow since FY18 Net
Slide 12: FY22 Q3 YTD: Statutory results summary
FY22 Q3 YTD ⋮ Statutory results summary 30 Sep 22 30 Sep 21 • Total revenue grew QR 430m (24.7%) led by service revenue growth (+14.2%) and Consumer revenue 1,205 1,059 146 projects revenue Enterprise, equipments and other revenue 971 686 285 Total revenue 2,176 1,746 430 • Higher direct costs resul
Slide 13: For more information visit our website
For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.com
Slide 14: Consolidated Statement of Income
Consolidated Statement of Income Nine months ended QR m (unless otherwise stated) 30 Sep 22 30 Sep 21 YoY Consumer revenue 1,205 1,059 146 Enterprise, equipments and other revenue 971 686 285 Total revenue 2,176 1,746 430 • Total revenue growth led by service revenue (+14%) and projects revenue Inte
Slide 15: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position QR m (unless otherwise stated) 30 Sep 22 31 Dec 21 Var Property, plant and equipment 1,809 1,638 171 Assets Intangible assets 4,067 4,169 (102) Right-of-use assets 258 291 (34) • Property, plant & equipment and intangible assets increased by QR 69m due Tr
Slide 16: Mobility Subscribers & ARPU
Mobility Subscribers & ARPU Subscribers (‘000) ARPU (QR) +14.9% -1.7 2,066 79 80 +0.9% 78 77 77 2,013 2,015 1,934 1,797 FY21 Q3 FY21 Q4 FY22 Q1 FY22 Q2 FY22 Q3 FY21 Q3 FY21 Q4 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q3 Results 26 October 2022 16
Slide 17: Disclaimer
Disclaimer • The following presentation is made only to, and is directed only at, persons to whom such a presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. • This presentation may
Vodafone Qatar P.Q.S.C. — Q3 2022 Earnings Presentation on 6ix