Ooredoo Q.p.s.c · QSE:ORDS

Ooredoo Q.p.s.c — Ooredoo — H1 2013 Earnings Presentation

41 slides from Ooredoo Q.p.s.c's earnings presentation, 2013

  1. Slide 1: Ooredoo Group 1H 2013 Results

    Ooredoo Group 1H 2013 Results

  2. Slide 2: Disclaimer

    Disclaimer  Ooredoo (parent company Ooredoo Q.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,

  3. Slide 3: Contents

    Contents  Results review  Strategy review  Operations review 3 | 1H 2013 | Ooredoo Group Results Call

  4. Slide 4: Key 2013 1H Highlights

    Group Results Overview Results Review Strategy Review Operations Review Additional Information Key 2013 1H Highlights Group revenue growth of 4.7% • Fuelled by strong performances both in Qatar and across the international footprint, particularly in in Algeria, Indonesia and Iraq. Granted one of two

  5. Slide 5: Revenue and EBITDA

    Group Results1 Overview Results Review Strategy Review Operations Review Additional Information Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin +5% +6% +17% +8% 17,142 -2% 16,377 +15% 15,446 7,798 7,662 7,203 13,244 6,274 47% 47% 48% 45% 1H'10 1H'11 1H'12 1H'13 1H'10 1H'11 1H'12 1H

  6. Slide 6: Net Profit and Net Debt

    Group Results Overview Results Review Strategy Review Operations Review Additional Information Net Profit and Net Debt1 Net Profit Attributable to Ooredoo Shareholders (QARm) Net Debt1 (QARm) and Net Debt/EBITDA Net Foreign Exchange +32% +28% 30,248 +1% 1,731 -7% 1,784 -14% -12% 24,407 24,674 1,533

  7. Slide 7: Free Cash Flow and Capital Expenditure

    Group Results Overview Results Review Strategy Review Operations Review Additional Information Free Cash Flow and Capital Expenditure Free Cash Flow1 (QARm) Capex (QARm) and Capex/Revenue (%) +24% 3,739 +34% +12% -1% 3,194 +6% 3,019 2,910 -16% 2,700 2,550 2,377 2,420 22% 19% 18% 18% 1H'10 1H'11 1H'1

  8. Slide 8: Total Group Debt Breakdown

    Group Results Overview Results Review Strategy Review Operations Review Additional Information Total Group Debt Breakdown Total Group Debt (QARm) Total Group Debt Breakdown (as of June 30, 2013) Short-term Others Long-term 8% 46,159 46,843 Indonesia 2,363 18% 42,029 36,059 18,960 8,133 3,013 43,796

  9. Slide 9: Debt Profile – Ooredoo Q.S.C. Only

    Group Results Overview Results Review Strategy Review Operations Review Additional Information Debt Profile – Ooredoo Q.S.C. Only (US$ millions) 1,600 1,400 1,200 1,000 1,000 1,000 1,000 750 750 800 600 500 500 400 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2028 2043 Loan Type Iss

  10. Slide 10: Total and Proportional Customers

    Group Results Overview Results Review Strategy Review Operations Review Additional Information Total and Proportional Customers Total Customers Proportional Customers +10% +26% +8% 92,044 63,271 +16% 83,697 +13% 77,489 +20% 50,144 66,682 44,461 37,210 1 1H'10 1H'11 1H'12 1H'13 1H'10 1H'11 1H'12 1H'1

  11. Slide 11: 2013 1H Performance Summary

    Group Results Overview Results Review Strategy Review Operations Review Additional Information 2013 1H Performance Summary 6 months ended 1H 2013 / 2013 Annual QAR Millions June 2013 1H 2012 Guidance Consolidated revenue 17,142 +5% +2 - 6% EBITDA 7,662 -2% +1 - 5% Net profit attributable to Ooredoo

  12. Slide 12: Contents

    Contents  Results review  Strategy review  Operations review 12 | 1H 2013 | Ooredoo Group Results Call

  13. Slide 13: Successful Myanmar Bid

    Group Strategy Overview Results Review Strategy Review Operations Review Additional Information Successful Myanmar Bid License and Operations  One of two successful license applicants (from 90 plus applicants initially)  Financial license terms have not yet been disclosed: license issuance expecte

  14. Slide 14: We Will Continue to Evaluate Internal and External Opportunities

    Group Strategy Overview Results Review Strategy Review Operations Review Additional Information We Will Continue to Evaluate Internal and External Opportunities Maroc Telecom  Ooredoo withdrew its offer to acquire Vivendi’s 53% shareholding in Maroc Telecom Group (June 14)  Lack of transparency, l

  15. Slide 15: Contents

    Contents  Results review  Strategy review  Operations review 15 | 1H 2013 | Ooredoo Group Results Call

  16. Slide 16: Qatar

    Group Operations Overview Results Review Strategy Review Operations Review Additional Information Qatar QARm Revenue  Value market share maintained in growing market +5%  First 4G product launched / mobile broadband 3,214 3,068  Further expansion of Ooredoo fiber to the Home program  191,000 hom

  17. Slide 17: Iraq

    Group Operations Overview Results Review Strategy Review Operations Review Additional Information Iraq QARm Revenue +5%  Increase in revenue driven by 13% more 3,502 customers offsetting a decrease in ARPU 3,327  Competition increasing, notably in the Northern region  Lack of visibility on 3G lic

  18. Slide 18: Indonesia

    Group Operations Overview Results Review Strategy Review Operations Review Additional Information Indonesia QARm Revenue EBITDA & Margin  Revenue increase driven by all services +7% -0.4% 4,096 4,375  Data revenue, SMS (higher interconnection rate) 2,105 2,098 and IM3 strong 51% 48%  EBITDA impro

  19. Slide 19: Oman

    Group Operations Overview Results Review Strategy Review Operations Review Additional Information Oman QARm Revenue  Revenue and customer growth +3%  Increases in both fixed and mobile data revenues, 969 939 offset by decreases in SMS and national voice revenue  Net profit affected by higher depr

  20. Slide 20: Kuwait

    Group Operations Overview Results Review Strategy Review Operations Review Additional Information Kuwait QARm Revenue EBITDA & Margin  Market remains highly competitive, pricing pressure -10% and change in customer behavior (higher data 1,497 1,341 penetration, less SMS) -30% 590  Number portabili

  21. Slide 21: Algeria

    Group Operations Overview Results Review Strategy Review Operations Review Additional Information Algeria QARm Revenue EBITDA & Margin  Revenue increase, market share maintained +14% +20% 1,907 798  Focus on High ARPU subscribers, particularly 1,677 664 strong position in the central region (Algie

  22. Slide 22: Tunisia

    Group Operations Overview Results Review Strategy Review Operations Review Additional Information Tunisia QARm Revenue EBITDA & Margin  Slight decline in revenues due to challenging -5% macroeconomic conditions, increased competition 1,320 1,255 -15% and lower terminating rates 766 654  ARPU decli

  23. Slide 23: Contents

    Contents  Results review  Strategy review  Operations review  Additional information 23 | 1H 2013 | Ooredoo Group Results Call

  24. Slide 24: Key Operations Importance to Group

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Key Operations Importance to Group Revenue (QARm) EBITDA (QARm) 17,142 16,377 15,446 7,798 7,662 7,204 13,244 6,274 1H'10 1H'11 1H'12 1H'13 1H'10 1H'11 1H'12 1H'13 Qatar 2,838 2,862 3,068 3,215 Qa

  25. Slide 25: Key Operations Importance to Group

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Key Operations Importance to Group Capex Total Customers Tunisia Others Qatar Tunisia Qatar Others 5.9% 1.8% 5.8% 7.9% 3.0% 1.4% Iraq Iraq Algeria Algeria 11.5% 11.3% 11.0% 10.1% Kuwait 2.1% Kuwai

  26. Slide 26: Blended ARPU Development (QAR)

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Blended ARPU Development (QAR) Qatar Iraq Oman Maldives KSA Palestine 72.4 73.2 46.6 45.5 45.7 40.3 61.6 70.8 44.0 123.9 39.3 149.5 154.3 153.2 148.7 59.2 59.2 58.8 56.4 56.2 68.2 64.1 65.7 41.2 4

  27. Slide 27: Ooredoo Qatar

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Qatar Key Developments Operator Importance to Group  Value market share maintained in still growing market Customers: 3.0%; Revenue: 18.8%; EBITDA: 20.9%; Capex: 5.8%  Ooredoo brand recognition

  28. Slide 28: Asiacell Iraq

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Iraq Key Developments Operator Importance to Group  Market continues to grow Customers: 11.5%; Revenue: 20.4%; EBITDA: 24.3%; Capex: 11.3%  More aggressive voice pricing especially in the Northe

  29. Slide 29: Indonesia

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Indonesia Key Developments Operator Importance to Group  Revenue increase driven by all services Customers: 61.5%; Revenue: 25.5%; EBITDA: 27.4%; Capex: 47.5%  Data revenue, SMS (higher intercon

  30. Slide 30: Nawras Oman

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Oman Key Developments Operator Importance to Group  Revenue and customer growth Customers: 2.5%; Revenue: 5.7%; EBITDA: 5.8%; Capex: 8.1%  Increases in both fixed and mobile data revenues, offse

  31. Slide 31: Wataniya Kuwait

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Kuwait Key Developments Operator Importance to Group  Market remains highly competitive, pricing pressure and Customers: 2.1%; Revenue: 7.8%; EBITDA: 5.4%; Capex: 8.6% change in customer behavior

  32. Slide 32: Algeria Nedjma

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Algeria Key Developments Operator Importance to Group  Revenue increase, market share maintained Customers: 10.1%; Revenue: 11.1%; EBITDA: 10.4%; Capex: 11.0%  Focus on High ARPU subscribers, pa

  33. Slide 33: Tunisiana

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Tunisia Key Developments Operator Importance to Group  Slight decline in revenues due to challenging Customers: 7.9%; Revenue: 7.3%; EBITDA: 8.5%; Capex: 5.9% macroeconomic conditions, increased

  34. Slide 34: Palestine Wataniya

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Palestine Key Developments Operator Importance to Group  Overall economy slowing Customers: 0.7%; Revenue: 0.9%; EBITDA: 0.2%; Capex: 0.4%  Stable performance  ARPU and revenue decline market-r

  35. Slide 35: Maldives Wataniya

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Maldives Key Developments Operator Importance to Group  Q2 weaker quarter due to off season for roaming business. Customers: 0.2%; Revenue: 0.5%; EBITDA: 0.3%; Capex: 0.6%  Sub & revenue growth

  36. Slide 36: Bravo KSA

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information KSA Key Developments Operator Importance to Group  Waiver of charges related to Build Operate Transfer (BOT) Customers: 0.2%; Revenue: 0.7%; EBITDA: 0.7%; Capex: N/A positively impacting Pop : 29

  37. Slide 37: wi-tribe Pakistan and Philippines

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information wi-tribe Pakistan Key Developments Operator Importance to Group  Fixed wireless customer base at the end of 1H 2013 at Customers: 0.2%; Revenue: N/A; EBITDA: N/A; Capex: N/A 200K compared to 197K

  38. Slide 38: Statutory Corporate Tax Rates

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Statutory Corporate Tax Rates Statutory Losses C/Fwd Notes Tax Rate Allowed Algeria 25% 4 years Indonesia 25% 5 years Iraq 15% 5 years GCC companies (including NMTC)are exempted and are subjected

  39. Slide 39: Key Operating Country Statistics

    Additional Information Overview Results Review Strategy Review Operations Review Additional Information Key Operating Country Statistics Algeria Indonesia Iraq Kuwait Maldives Oman Qatar KSA Tunisia 2013 (est.) GDP real growth % 3.4 6.3 14.7 1.9 2.5 3.9 4.9 4.2 3.3 (2012) (2.6) (6.0) (10.2) (6.3) (1

  40. Slide 40: Investor Relations Contact and Upcoming Events

    Website: ooredoo.com Follow us Email: IR@ooredoo.com Twitter: @OoredooIR Upcoming 2013 9M Results – October TBD events 40 | 1H 2013 | Ooredoo Group Results Call

  41. Slide 41: Thank you

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