Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — Q1 2010 Earnings Presentation
10 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, May 11, 2010
Slide 1: 2010 First Quarter Results Presentation
2010 First Quarter Results Presentation Emirates Integrated Telecommunications Company PJSC 11 May 2010
Slide 2: Highlights
Highlights Strong first quarter results herald positive start to 2010 • Robust mobile market position with 262,000 subscribers added during the quarter • Record quarterly revenues driven by strong mobile performance • Double digit growth in fixed line revenues and healthy outlook with prospect of na
Slide 3: Financial Summary – Q1 2010
Financial Summary – Q1 2010 • Record quarterly revenues reaching AED 1.6bn up 36% vs.Q1 09 • Highest mobile revenues in a quarter ever reaching AED1.2bn up 47% vs Q1 09 • Sustained momentum in post-paid mobile subscribers, adding 26,900 in Q1, bringing the total to 164,300, equal to 4% of mobile sub
Slide 4: Revenues & Margins
Revenues & Margins Revenues driven by strong mobile subscriber acquisitions Revenue by Segment Gross Margin 1,800 1,200 67% 1,580 1,600 1,530 1,400 We’re fixing the 1,310 graph 1,333 41 123 40 108 1,000 1,042 66% 1,227 36 265 992 1,166 36 65% 34 150 115 256 800 863 1,200 1,060 112 32 876 1,167 810 7
Slide 5: Revenue Drivers - Mobile
Revenue Drivers - Mobile Strong subscriber additions and record mobile revenues in Q1 2010 Subscribers - Mobile - Active 90 days Revenue - Mobile ('000) 1,400 4,000 1,110 1,167 1,200 3,739 3,500 941 3,477 1,000 795 882 3,000 3,139 840 2,906 2,500 2,750 AED Millions 800 730 2,466 595 2,000 600 2,077
Slide 6: Revenue Drivers – Fixed
Revenue Drivers – Fixed Fixed line take up rises by 47% year on year Revenue - Fixed • Fixed revenues grew by 15% year on year to AED 265m 300 16 250 9 9 17 • Total fixed lines increased 12.5% quarter on quarter and 47% 12 4 year on year closing with 456,700 lines 2 3 200 – 50,900 lines added during
Slide 7: Revenue Drivers: Wholesale & Broadcasting
Revenue Drivers Wholesale & Broadcasting Revenue - Wholesale Revenue - Broadcasting 160 45 140 40 41 40 150 35 36 36 120 123 34 115 30 32 112 30 100 108 108 30 AED Millions AED Millions 25 80 89 20 75 60 15 40 10 20 5 0 0 Q2-08 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-08 Q3-08 Q4-08 Q1-09 Q2-09
Slide 8: Profit & Loss
Profit & Loss Net profit before royalty quadrupled vs Q1 09 to reach AED 194m Earnings Before Interest, Tax, Depreciation & Net Profit before Royalty Amortization 250 14% 400 30% 12% 200 350 366 366 194 10% 25% 150 169 8% 300 157 297 20% 6% AED Million 250 100 115 AED Million 236 242 4% 200 15% 82 5
Slide 9: Capital Investments and Cash Flow
Capital Investments and Cash Flow Continued investment in du’s network and infrastructure to support growth Capex Additions Cash Flow 1,200 600 400 1,000 200 451.6 435.3 960 277.1 311.6 310.2 914 141.1 173.9 177.1 800 Millions (AED) 0 (164.3) Millions (AED) (200) 12.8 600 638 (507.0) (378.1) (427.0)
Slide 10: Q&A
Q&A Mr Osman Sultan Mr Mark Shuttleworth Chief Executive Officer Chief Financial Officer
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