Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — Q3 2015 Earnings Presentation
12 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, November 2015
Slide 1: Q3 2015 Results
Q3 2015 Results Emirates Integrated Telecommunications Company PJSC November 2015
Slide 2: Q3 Financial Highlights
Q3 Financial Highlights EBITDA Net Profit before Net Profit after Mobile subscribers Total Revenue (AED M) (AED M) Royalty (AED M) Royalty (AED M) (000s) +0.4% 0.0% -12.3% -3.2% +6.9% 559 7,513 1,372 3,034 3,047 1,284 972 972 7,275 490 Q3 2014 Q3 2015 Q3 2014 Q3 2015 Q3 2014 Q3 2015 Q3 2014 Q3 2015
Slide 3: Market overview
Market overview Market share consolidation – increasing emphasis on retention and active base management UAE Mobile Subscribers - Market share quarterly evolution UAE Telecom Market – Revenue share quarterly evolution 60.0% 80.0% 70.0% 70.2% 55.0% 55.5% 60.0% 50.0% 50.0% 40.0% 45.0% * 44.5% 30.0% 29
Slide 4: Total Revenues
Total Revenues Healthy growth in fixed business and postpaid mobile Quarterly Revenue (AED M) Year to date revenue (AED M) -1.4% +1.9% 3,225 3,034 3,051 3,091 3,047 9,189 9,013 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 9 mo 2014 9 mo 2015 Quarterly Mobile Revenues (AED M) Quarterly Fixed Revenue (AED
Slide 5: Revenue Drivers
Revenue Drivers Marginal decrease in mobile subscribers mainly due to MNMI Mobile Subscribers Active 90 Days (‘000) Quarterly Mobile ARPU (AED) -3.2% +0.3% 7,513 7,485 7,343 7,356 7,275 98 96 95 96 93 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Quarterly Fixed Lin
Slide 6: Revenue Drivers – Mobile Data
Revenue Drivers – Mobile Data Data revenues continue to grow steadily Quarterly Mobile Data Revenues (AED M) Year to Date Mobile Data Revenues (AED M) +7.8% +8.8% 35.0% 742 759 719 688 716 31.8% 32.9% 30.0% 2,177 30.9% 31.2% 2,000 29.9% 31.7% 25.0% 29.1% 20.0% Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015
Slide 7: EBITDA
EBITDA Increased profitability from EBITDA Year to Date EBITDA (AED M) Quarterly EBITDA (AED M) +6.9% +6.6% 45.0% 1,372 4,010 43.3% 42.3% 42.6% 1,339 3,761 39.4% 1,299 1,284 1,269 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 9 mo 2014 9 mo 2015 Steady improvement in EBITDA • Increased focus on higher mar
Slide 8: Net profit before royalty
Net profit before royalty Quarterly Net Profit before Royalty (AED M) Yearly Net Profit before Royalty (AED M) 0.0% +3.2% 978 2,786 2,875 972 972 31.3% 925 30.9% 32.0% 916 31.7% 31.9% 30.3% 28.4% Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 9 mo 2014 9 mo 2015 Net Profit before Royalty (AED M) Net Profit
Slide 9: Net Profit after Royalty
Net Profit after Royalty Increasing royalty rates – Effective royalty increasing from 42.2% to 48.7% Quarterly Net Profit after Royalty (AED M) Quarterly Royalty Compared (AED M) 559 -12.3% -17.6% 48.7% 49.6% 476 482 47.3% 44.4% 513 42.2% 502 490 487 438 18.4% 410 407 15.9% 16.0% 16.2% 16.1% Q3 2014
Slide 10: Capital Investments
Capital Investments Substantial investments to provide enhanced network experience to users Quarterly CapEx Additions (AED M) Yearly CapEx Additions (AED M) -13.3% -4.8% 760 899 856 493 10.0% 427 9.3% 207 221 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 9 mo 2014 9 mo 2015 CapEx Additions (AED M) CapEx A
Slide 11: Free cash flow
Free cash flow Quarterly Free Cash Flow (AED M) Year to date Free Cash Flow (AED M) 0.7% -4.9% 1,266 1,125 1,133 922 1,207 867 (792) Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 9 mo 2014 9 mo 2015 • Royalty paid in Q2 2015 of AED 1.6 billion in comparison with AED 1.1 billion in Q2 2014 Free cash flow i
Slide 12: 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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