Slide 1: Ooredoo Group FY 2017 Results
Ooredoo Group FY 2017 Results 12 Feb 2018
Slide 2: Disclaimer
Disclaimer • Ooredoo (parent company Ooredoo Q.P.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
Slide 3: Contents
Contents Results Review Operations Review Additional Information FY 2017 Financial Results | 12 February 2018 | 3
Slide 4: Group Results: Key Highlights
Group Results Results Operations Additional Overview Review Review Information Key Highlights Solid financial performance - FY 2017 Upper half of guidance achieved in terms of revenue and EBITDA Revenue improved to QAR 32.7 billion, driven by strong contributions from Indonesia, Iraq, Kuwait, Mald
Slide 5: Revenue and EBITDA
Results Operations Additional Group Results Overview Review Review Information Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin Revenue increase driven by Indonesia, Iraq, Kuwait, Maldives and Oman partially offset by Qatar, Myanmar and the North African Opcos. Excl. F/X translation
Slide 6: Net Profit
Results Operations Additional Overview Group Results Review Review Information Net Profit Net Profit Attributable to Ooredoo Shareholders (QARm) Net Foreign Exchange Pre FX Net Profit -1% +4% 2,118 2,134 2,193 -10% 1,967 +6% -3% -21% 2,342 2,474 2,391 1,888 79 (208) (198) (356) FY'14 FY'15 FY'16 FY'
Slide 7: Net Debt
Results Operations Additional Overview Group Results Review Review Information Net Debt Net Debt (QARm) and Net Debt / EBITDA Positive trend of lower Group Net Debt continued, Net Debt to EBITDA ratio reduced to 1.8x Lower half of the board guidance between 1.5 and 2.5x (bank covenant 4x) FY 2017 Fi
Slide 8: Capital Expenditure and Free Cash Flow
Results Operations Additional Group Results Overview Review Review Information Capital Expenditure and Free Cash Flow CAPEX (QARm) & CAPEX/ Revenue (%) Free Cash Flow (QARm) Capex below 2017 guidance due to cost savings and efficient centralized sourcing Further improvement of free cash flow Note: F
Slide 9: Total Customers
Results Operations Additional Group Results Overview Review Review Information Total Customers Total Customers (000) More than 25 million net new customers added compared to last year Mainly from Indonesia, Iraq, Oman, Algeria, Tunisia, Maldives and Palestine FY 2017 Financial Results | 12 February
Slide 10: 2017 Performance & 2018 Guidance
Results Operations Additional Group Results Overview Review Review Information 2017 Performance & 2018 Guidance 2017 Full Year 2018 Full Year Group Financials 2017 % Change Guidance over Guidance over (QAR bn) Actual 2017 / 2016 2016 2017 Revenue 32.7 +1% -1% to +2% -1.5% to +1.5% -1.5% to +1.5% EBI
Slide 11: Contents
Contents Results Review Operations Review Additional Information FY 2017 Financial Results | 12 February 2018 | 11
Slide 12: Operations: Qatar
Results Operations Additional Group Operations Overview Review Review Information Qatar Ooredoo Qatar QARm Clear market leadership position maintained Revenue YoY Revenue decreased mainly due to lower mobile voice services, mega projects and lower roaming revenue. QoQ revenue increase due to the
Slide 13: Operations: Indonesia
Results Operations Additional Group Operations Overview Review Review Information Indonesia QARm Indosat Ooredoo Revenue EBITDA & Margin Good revenue growth in consumer and especially B2B segment in a challenging, competitive landscape Stable EBITDA margin Solid data revenue growth In the 50
Slide 14: Operations: Iraq
Results Operations Additional Group Operations Overview Review Review Information Iraq QARm Asiacell Revenue Healthy revenue trend in a more stable market and an improved security situation Mosul, Kirkuk, Salahadeen and other areas back on air Maintaining No.1 position in terms of revenue shar
Slide 15: Operations: Oman
Results Operations Additional Group Operations Overview Review Review Information Oman QARm Ooredoo Oman Revenue Revenue growth is driven by increases in both mobile and fixed data revenue EBITDA improved due to higher revenue and cost efficiencies Business has been impacted by increase in roy
Slide 16: Operations: Kuwait
Results Operations Additional Group Operations Overview Review Review Information Kuwait QARm Ooredoo Kuwait Revenue EBITDA & Margin Overall market conditions remain difficult due to intense competition and weak macro environment Higher non-recurring business driving revenue increase RAN swap
Slide 17: Operations: Algeria
Results Operations Additional Group Operations Overview Review Review Information Algeria QARm Ooredoo Algeria Revenue EBITDA & Margin Ooredoo Algeria stabilized leadership position in revenue market share despite difficult economic conditions and a declining market No.1 position in data support
Slide 18: Operations: Tunisia
Results Operations Additional Group Operations Overview Review Review Information Tunisia QARm Ooredoo Tunisia Revenue EBITDA & Margin 1% revenue growth in local currency terms, offset by FX depreciation of the Tunisian Dinar by 11%, decline in mobile termination rates and a slow overall Tunisian
Slide 19: Operations: Myanmar
Results Operations Additional Group Operations Overview Review Review Information Myanmar QARm Ooredoo Myanmar Revenue EBITDA & Margin Recurring revenues increased by 7% YoY in local currency terms supported by data growth; QAR figures negatively impacted by currency depreciation of 9% EBITDA ma
Slide 20: Contents
Contents Results Review Operations Review Additional Information FY 2017 Financial Results | 12 February 2018 | 20
Slide 21: Group Revenue and EBITDA breakdown
Results Operations Additional Overview Review Review Information Additional Information Group Revenue and EBITDA breakdown Revenue (QARm) EBITDA (QARm) FY 2017 Financial Results | 12 February 2018 | 21
Slide 22: Group Operations Breakdown: CAPEX & Customers
Results Operations Additional Overview Review Review Information Group Operations Breakdown CAPEX & Customers CAPEX Breakdown (%) Customer Breakdown (%) FY 2017 CAPEX = QAR 4.5 billion FY 2017 Total Customers = 163.9 million FY 2017 Financial Results | 12 February 2018 | 22
Slide 23: Total Group Debt Breakdown
Results Operations Additional Group Results Overview Review Review Information Total Group Debt Breakdown Total Group Debt Breakdown Total Group Debt (QARm) (as at December 31, 2017) Total Group debt reduced, well balanced profile OpCo debt primarily in local currency Note: Qatar debt includes Oored
Slide 24: Debt Profile – Ooredoo Q.P.S.C. level
Group Results Debt Profile – Ooredoo Q.P.S.C. level 2,000 Loans Bonds Sukuk 1600 1,500 1250 1000 1000 1000 1,000 750 650 500 500 500 500 0 2018 2019 2020 2021 2022 2023 2024 2025 2026 2028 2043 Interest/ Issue Loan Type (in USD mn) Amount Usage Rate* Maturity Bonds/Sukuk (in USD mn) Profit Maturity
Slide 25: Operations Breakdown: Blended ARPU
Results Operations Additional Group Operations Breakdown Overview Review Review Information Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) Indonesia (QAR) Kuwait (QAR) Tunisia (QAR) Algeria (QAR) Myanmar (QAR) Indonesia (IDR’000) Kuwait (KWD) Tunisia (TND) Algeria (DZD
Slide 26: Statutory Corporate Tax Rates
Results Operations Additional Additional Information Overview Review Review 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% Kuwait 1
Slide 27: Next Quarterly Results / Thank You
Next Quarterly Results (tbc) Q1: April 25 1H July 25 Q3 October 29 Thank You Follow us on: Website: ooredoo.com Email: IR@ooredoo.com Twitter: @OoredooIR