Grameenphone Ltd. · DSEBD:GP
Grameenphone — Q2 2024 Earnings Presentation
17 slides from Grameenphone's earnings presentation, Jul 16, 2024
Slide 1: Grameenphone's Q2 2024 Earnings
Grameenphone’s Q2 2024 Earnings 16 July 2024 Sensitivity: Internal
Slide 2: Disclaimer
Disclaimer This presentation is intended only for and directed solely at individuals who are considered "relevant persons" under applicable law. Any individual who is not a relevant person should not rely on or act upon the information presented herein. The information contained in this presentation
Slide 3: Q2 2024 Highlights
Q2 2024 Highlights Reimagining the future with data center and data analytics Building customer-centric digital focused Accelerating business growth through service transformation Stability in financial performance despite uncertainties Q2 2024 Sensitivity: Internal
Slide 4: Customer-centric approach leading growth momentum
Customer-centric approach leading growth momentum Advanced intuitive features in MyGP AI driven Network Experience on Eid Advance purchase, bonus for purchase within validity, Techno-commercial collaboration to create seamless experience uninterrupted options Pothhe Pothhe New Roaming Hajj pack Enga
Slide 5: Advancing digital innovation through AI and Analytics
Advancing digital innovation through AI and Analytics • Use of AI in network expansion through analytics driven prioritization and subsequent network dimensioning. • Set up equipment for country’s first and largest "Tier III Standard Data Center“ in Sylhet with top-of-the-line facilities and capabil
Slide 6: Shaping the Future with our Sustainability vision
Shaping the Future with our Sustainability vision Climate Inclusive Digital Youth 60% of total spend from selective Future more than 500,000 Educated SevenUpskilling bootcamps in seven major partnerships committing to reduce people from different marginal cities with 1500+ start-up ideas carbon emis
Slide 7: Q2 2024 Otto Risbakk, CFO
Q2 2024 Otto Risbakk, CFO Sensitivity: Internal
Slide 8: Robust financials, interim dividends resumed
Q2’24 Financial Highlights Robust financials, interim dividends resumed +6.4% YoY Growth 60.4% Subscription & Traffic Revenue* EBITDA Margin ** Interim Dividend Tk 16.0 Dividend per share 20.9bn / 49.5% OCF Tk 6.4 NIBD/EBITDA -0.1x Earnings Per Share *Revenues generated by own subscription (excludes
Slide 9: Data driven subscriber growth
Q2’24 Subscriber & Data User Data driven subscriber growth Total Subscribers (Mn) Active Data Users* (Mn) +7.8% +4.9% 49.7 85.3 46.1 47.5 46.6 46.3 83.0 82.0 82.0 81.3 58.3% 56.7% 57.9% 56.9% 55.8% Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Active Data User % of Sub-base Q2 2024 * M
Slide 10: Sustained ARPU and Data usage growth
Q2’24 ARPU Sustained ARPU and Data usage growth Service ARPU (BDT) Data Usage (AMBPU) Service AMPU 165 165 7,560 163 161 196 7,313 7,305 190 157 6,970 180 180 6,735 176 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q2 2024 Sensitivity: Internal
Slide 11: Good revenue momentum
Q2’24 Revenue Good revenue momentum Total Revenue (BDT Bn) and Growth (YoY) STR* (BDT Bn) and Growth (YoY) +5.6% 41.1 42.2 +6.4% 40.0 40.3 39.3 38.9 38.1 40.3 7.3% 37.9 37.3 6.3% 5.6% 5.3% 5.6% 6.9% 6.0% 6.4% 5.3% 5.2% Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Revenue (Bn) Revenue
Slide 12: Solid Data revenue growth driven by 4G
Q2’24 Data Revenue and Data User Solid Data revenue growth driven by 4G Data Revenue (BDT Bn) 4G Data Users (Mn) +6.9% 14.5 14.4 +20.5% 13.5 13.9 13.3 42.5 37.2 37.6 38.2 35.3 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q2 2024 Q2 2023 Sensitivity: Internal
Slide 13: EBITDA growth supported by Topline growth and Financial Discipline
Q2’24 Opex & EBITDA EBITDA growth supported by Topline growth and Financial Discipline Opex (BDT Bn) and Margin EBITDA* (BDT Bn) and Margin +8.4% +4.3% 14.2 25.4 24.7 25.5 13.1 13.2 13.2 24.4 23.9 13.0 61.9% 60.8% 60.4% 61.1% 61.3% 33.1% 33.5% 32.6% 32.0% 32.7% Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q2’23 Q3
Slide 14: Solid Earnings driven by EBITDA growth
Q2’24 Net Profit Solid Earnings driven by EBITDA growth NPAT (BDT Bn) and Margin Earnings Per Share (BDT) +4.0% 9.9 13.4 8.8 11.9 6.4 6.5 8.5 8.8 5.5 7.5 34.0% 6.3 29.8% 5.9 4.3 20.4% 18.2% 8.6 14.6% Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 NPAT Normalized (BDT Bn) NPAT (BDT Bn.)
Slide 15: Strong cash flow and balance sheet
Q2’24 OCF & Net debt Strong cash flow and balance sheet OCF* (BDT Bn) and OCF/Sales% Net debt*** (BDT Bn) and Net debt/EBITDA 13.8 +20.6% 0.14 22.7 21.5 20.9 0.6 17.3 16.8 0.01 55.1% 53.4% (0.10) 49.5% 43.4% (9.6) (0.13) 42.6% (0.18) (13.4) (17.7) Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q2’23 Q3’23 Q4’23 Q1’2
Slide 16: Resuming interim dividends, BDT 16 per share for 1H 2024
H1’24 Dividends Resuming interim dividends, BDT 16 per share for 1H 2024 98.9% 97.5% 98.2% 98.2% BDT 16.29 Payout ratio Earnings Per Share 2024 (Interim) 51.0% BDT 16.00 Dividend Per Share 2024 (interim) Q4’21 Q2’22 Q4’22 Q4’23 Q2’24 98.2 % Payout Ratio Shareholders as of the record date 13 August 2
Slide 17: Continue to create value for customers
• Continue to create value for customers by modernizing the core and strengthening digital footprint • Upholding the No.1 Network Position and continue be the most reliable connectivity partner • Strengthening Grameenphone’s position in cybersecurity Q2 2024 Sensitivity: Internal