Kuwait Telecommunications Co. · KSE:STC
Kuwait Telecommunications — Q1 2025 Earnings Presentation
17 slides from Kuwait Telecommunications's earnings presentation, Apr 24, 2025
Slide 1: Investors Presentation Q1-2025
Investors Presentation Q1-2025 Kuwait Telecommunications Company K.S.C.P. April 24th, 2025 Strategy&
Slide 2: Disclaimer
Disclaimer Kuwait Telecommunications Company (stc) has prepared this document to provide shareholders and investors with financial and management information about the Company. On the other hand, stc does not provide any kind of assurance on the content of this document and bears no liability for an
Slide 3: Fueling Transformation & Growth
Fueling Transformation & Growth r.e.a.c.h r e a c h Reignite Expand Advance Create Harness Consumer Portfolio Enterprise Growth Market Evolution Differentiated experience ▪ Grow and safeguard ▪ Grow and maintain B2B ▪ Establish future-ready ▪ Implement a ▪ Build best-in-class B2C core telco core tel
Slide 4: Q1-2025 Results Highlights
Q1-2025 Results Highlights Profitable and resilient start to 2025 Revenues EBITDA Net Profit Subscribers EPS 87.4 22.3 9.1 2.2 9 KD Mn. KD Mn. KD Mn. Million Kuwaiti fils +5.5% YoY +2.2% YoY +2.8% YoY -2.8% YoY +2.8% YoY Investors presentation I Q1-2025 4
Slide 5: Key Highlights
Key Highlights Q1-2025 at a glance Compliance Leadership Solid Enterprise Segment stc became the first in Kuwait to earn the ISO stc progressed a strategic enterprise project through its 37301:2021 certification, highlighting its commitment to subsidiary e-Portal Co., following the contract between
Slide 6: Q1-2025 Financial Highlights: Strong revenue growth
Q1-2025 Financial Highlights Strong revenue growth Revenue (KD Mn.) Revenue by Segment (KD Mn) Consumer – Enterprise – Point in Time Point in Time +5.5% 82.8 87.4 25.3 2.1 29.0% of Total Revenue 2.4% of Total Revenue Consumer – Enterprise – Over Time Over Time 3M-2024 3M-2025 43.1 16.9 49.3% of Tota
Slide 7: Q1-2025 Financial Highlights: Solid earnings growth
Q1-2025 Financial Highlights Solid earnings growth with stable margins EBITDA (KD Mn) Net Profit (KD Mn) Margins 26.3% 25.5% Margins 10.7% 10.4% +2.2% +2.8% 21.8 22.3 8.8 9.1 3M-2024 3M-2025 3M-2024 3M-2025 Net profit increased by 2.8% YoY to reach EBITDA grew by 2.2% YoY to reach KD 22.3 KD 9.1 Mn,
Slide 8: Q1-2025 Financial Highlights: CapEx mix
Q1-2025 Financial Highlights CapEx mix reflects strategic investment focus CapEx (KD Mn) CapEx to Revenue (%) PPE Intangible Assets -3.7 pt. -18.9% 16.3 13.5 11.0 12.6 3.1 4.5 10.4 6.5 3M-2024 3M-2025 3M-2024 3M-2025 CapEx reached KD 11.0 Mn, reflecting CapEx-to-revenue decreased to reach continued
Slide 9: Q1-2025 Financial Highlights: Strong balance sheet
Q1-2025 Financial Highlights Maintaining a strong balance sheet and key financial ratios Total Assets (KD Mn) ROA* (%) +2.8% -0.1 pt. 467.1 480.0 7.8 7.7 Mar-24 Mar-25 Mar-24 Mar-25 *Annualized ROA. Total assets increased 2.8% YoY to reach KD 480 Mn., reflecting the company’s ROA remained resilient
Slide 10: Q1-2025 Financial Highlights: Capital structure
Q1-2025 Financial Highlights Capital structure actively managed to balance growth and returns Shareholders Equity (KD Mn) ROE* (%) -1.4% +0.6 pt. 217.8 214.6 15.3 15.9 Mar-24 Mar-25 Mar-24 Mar-25 *Annualized ROE. Shareholders’ equity recorded a marginal ROE rose to reach 15.9%, reflecting solid decl
Slide 11: Sustained dividends reflect commitment to shareholder returns
Q1-2025 Financial Highlights Sustained dividends reflect commitment to shareholder returns DPS (Fils) Dividend Yield (%) * 35 35 6.2% 6.5% 30 5.1% 2022 2023 2024 2022 2023 2024 *On the 13th of March 2025, the Board of Directors approved the distribution of cash dividends amounting to 35 files per sh
Slide 12: Q&A
Q&A
Slide 13: Appendix
Appendix ▪ Share Performance and Valuation Snapshot ▪ Share & Market Performance ▪ Statement of Financial Position (2022 – March 2025) ▪ Income Statement (2022 – 3M 2025)
Slide 14: Share & Market Performance
Share & Market Performance Number of Share Performance Vs. Index (Q1-2025) Shares DPS Beta Stock Price (KWD) 998.7 Mn 35 fils stc Kuwait 0.650 Average 0.563 52 Week High 0.616 Kuwait Boursa Index 53 Week Low 0.532 P/E P/B Telecom Index Kuwait 9.7% 17.8x 2.6x 4.7% 3.2% BVPS EPS 31-Dec-24 10-Jan-25 20
Slide 15: Statement of Financial Position (2022 – March 2025)
Statement of Financial Position (2022 – March 2025) 2022 2023 2024 Mar-24 Mar-25 Statement of Financial Position KD Mn KD Mn KD Mn KD Mn KD Mn Assets Property and equipment 171.2 161.9 146.4 143.3 144.2 Goodwill and intangible assets 42.1 40.7 41.7 48.4 45.6 Trade and other receivables 5.1 0.4 0.6 0
Slide 16: Income Statement (2022 – 3M 2025)
Income Statement (2022 – 3M 2025) 2022 2023 2024 3M-2024 3M-2025 Income Statement KD Mn KD Mn KD Mn KD Mn KD Mn Revenue 336.4 327.4 336.5 82.8 87.4 Operating expenses (189.3) (170.6) (183.9) (43.6) (48.3) Staff costs (26.7) (27.2) (25.6) (6.7) (6.4) Expected credit losses on trade & other receivable
Slide 17: Thank You
A group of cell phones Description automatically generated Ticker Boursa Kuwait: STC Bloomberg: STCKK Yahoo Finance: STC.KW Reuters: STC.KW Download our IR App Investor Relations Department: : Investor.relations@stc.com.kw Thank You : +965 5000 1911 : www.stc.com.kw stc Kuwait Kuwait Telecommunicati
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