Slide 1: Ooredoo Group Q1 2022 Results
Ooredoo Group Q1 2022 Results 28 April 2022
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 1 Strategy and vision 2 Results review 3 Operations review 4 Additional information Ooredoo Q1 2022 Investor Presentation | 28 April 2022 | 3
Slide 4: Strategy and Vision
t Vision Ooredoo vision: Enriching people’s digital lives Strategic Pillars Value-creating Excellence in Strengthen Evolve People portfolio Customer Experience the core the core Mobile Financial Service Customers (Thsd., 30-Days Active): Five Mobile +36% Financial +31% billion 778 Services 439 573 U
Slide 5: Contents
Contents 1 Strategy and vision 2 Results review 3 Operations review 4 Additional information Ooredoo Q1 2022 Investor Presentation | 28 April 2022 | 5
Slide 6: ORDS – Financial Achievements Q1 2022
ORDS – Financial Achievements Q1 2022 Revenue: EBITDA: EBITDA Margin: Capex Intensity: -23% yoy -28% yoy -3 ppt -5ppt QR 5.5bn QR 2.3bn 42% 7% Excl. FX impact: -21% Excl. FX impact: -26% Free Cash Flow: Net Profit: Net Debt/EBITDA: Customers +241% yoy - 0.7ppt -53% yoy -18% yoy QR 1.3x 55mn QR 2bn 6
Slide 7: ORDS – Financial Achievements Q1 2022 - Proforma
ORDS – Financial Achievements Q1 2022- Proforma* Revenue: EBITDA: EBITDA Margin: Capex Intensity: +4% yoy +1% yoy -1 ppt -2ppt QR 5.5bn QR 2.3bn 42% 7% Excl. FX impact: +7% Excl. FX impact: +4% Free Cash Flow: Net Profit: Net Debt/EBITDA: Customers +241% yoy - 0.7ppt - 4% yoy +8% yoy QR 1.3x 55mn QR
Slide 8: Revenue
Revenue Group Revenue (QAR mn) YoY Change , Amount (QAR mn) and % 7,197 +4% +4% (+ 235 ) 19 9 5 3 5,310 5,545 31 5% 0% -1% 5,545 86 8% 9% -4% 4% 109 14% (5) (9) (14) 5,310 6% Q1-21 Qatar Kuwait Iraq Myanmar Maldives Palestine Oman Algeria Other Tunisia Group Q1-22 Q1-21 Q1-21 Q1-22 Proforma Proforma
Slide 9: EBITDA
EBITDA Group EBITDA (QAR mn) % YoY Change Amount (QAR mn) and % EBITDA Margin 3,213 +1% +1% (+ 33 ) 6 6 4 1 15 7 20 10% 16% 1% 0% 2,288 2,321 28 2% 2% 65 11% 17% 2,321 2,288 117% (118) 45% 43% 42% Q1-21 Myanmar Kuwait Algeria Qatar Oman Maldives Palestine Iraq Tunisia Other* Group Q1-22 Proforma Q1-
Slide 10: Net Profit
Net Profit Q1-22 Net Profit Attributable to Ooredoo shareholders (QARmn) +241% +48% 659 677 458 193 Q1 2021 Reported Q1 2022 Reported Q1 2021 Normalized Q1 2022 Normalized • Group Net Profit to Ooredoo increased by 241% yoy to QAR 659m supported by strong operational performance • Normalized Net Pro
Slide 11: Capex
Capex Group Capex (QAR mn) & Capex / Revenue % Q1 2022 yoy (Change %) 850 ALG 127% PAL 51% IRA 51% -24% QAT 20% 489 MYN -34% 372 TUN -53% 12% OMA -64% 9% 7% MAL -69% KUW -77% Q1-21 Q1-21 Q1-22 Proforma • Capex lower in Q1, 2022 yoy, FY expectation still in line with guidance as Capex Breakdown (Q1-2
Slide 12: Free Cash Flow
Free Cash Flow (FCF: EBITDA – Capex ) Group FCF (QAR mn) YoY Change AAmount (QAR mn) and % 2,363 +8% +8% (+ 151 ) 1,950 1,799 28 16 4 71 (1) (19) 100 (31) 1,950 101 (118) 1,799 Q1-21 Kuwait Oman Myanmar Tunisia Maldives Palestine Qatar Iraq Algeria Other* Group Q1-22 Q1-21 Q1-21 Q1-22 Proforma Profo
Slide 13: Customers
Customers Total Customers (mn) YoY Change (000) -4% (-2,154) 117.6 10 1,488 264 181 135 133 59 57,557 (71) -4% 55,403 57.6 (4,353) 55.4 Group Iraq Algeria Qatar Tunisia Kuwait Palestine Maldives Oman Myanmar Group Q1-22 2021 Q1 Q1-21 Q1-21 Q1-22 excluding Indonesia Customers Breakdown (Q1-22) Summar
Slide 14: Group Results and Guidance for 2022
Group Results 2022 performance summary & Guidance for 2022 % Change Group Financials Q1 2022 % Change 2022 Full Year Q1 2022 /Q1 2021 (QAR bn) Actual Q1 2022 /Q1 2021 Guidance over 2021 Proforma* Revenue 5.5 -23% +4% -2% to +2% EBITDA 2.3 -28% +1% -3% to +1% CAPEX 0.37 -56% -24% 2.75bn to 3.25bn Sum
Slide 15: Indosat Ooredoo Hutchison Q1 2022
Indosat Ooredoo Hutchinson Q1 2022 | 28 April 2022 | 15
Slide 16: Debt Profile
Debt Profile Strong investment grade rating Repayment Schedule (QAR m*) Strong investment grade rating • Net debt/ EBITDA ratio of 1.3x, below current board guidance of 1.5 to 2.5x • Strong liquidity position (combination of Cash and RCFs ) • Balanced and long maturity profile A - / STABLE A2 / STAB
Slide 17: Contents
Contents 1 Strategy and vision 2 Results review 3 Operations review 4 Additional information Ooredoo Q1 2022 Investor Presentation | 28 April 2022 | 17
Slide 18: Qatar
Qatar Quarterly Trend (QAR mn) Revenue Revenue EBITDA EBITDA Margin EBITDA +6% Q1-22 Q1-22 (+109) 2,038 1,887 977 1,897 1,887 1,778 1,752 6% 2% yoy yoy 54% 52% 54% 52% 46% QAR mn QAR mn 962 993 950 943 977 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Mobile Fixed 957 770 • Revenue grew by 6% yoy mainly OSN, Urban
Slide 19: Kuwait
Kuwait Quarterly Trend (KD mn) Revenue Revenue EBITDA EBITDA Margin EBITDA +14% (+7) Q1-22 Q1-22 58 693 198 50 52 53 55 14% 17% yoy yoy 30% 31% 29% 28% 27% QAR mn QAR mn 14 16 17 15 16 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Mobile Fixed - 3 • Strong growth yoy in revenue by 14% mainly driven • New commerce p
Slide 20: Algeria
Algeria Quarterly Trend (DZD bn) Revenue EBITDA EBITDA Margin Revenue EBITDA +5% Q1-22 Q1-22 (+1) 546 208 22 22 20 21 21 -1% 11% yoy yoy QAR mn QAR mn 37% 36% 38% 34% 31% 7 8 8 7 8 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Mobile Fixed • In local currency revenue increased by 5%, driven by higher mobile revenue
Slide 21: Tunisia
Tunisia Quarterly Trend (TND mn) Revenue Revenue EBITDA EBITDA Margin EBITDA +3% (+8) Q1-22 Q1-22 324 380 163 294 301 315 303 -4% 0% yoy yoy QAR mn QAR mn 41% 42% 43% 43% 28% 121 126 140 130 90 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Mobile Fixed 13 • In local currency revenue increased by 3%, higher mobile r
Slide 22: Iraq
Iraq Quarterly Trend (IQD bn) Revenue Revenue EBITDA EBITDA Margin EBITDA +5% (+16) Q1-22 Q1-22 427 883 383 366 358 4% 1% 342 346 yoy yoy 45% 47% 48% 44% 43% QAR mn QAR mn 204 152 161 160 155 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Mobile Fixed • Revenue increased year on year 4% driven by data business, B2B
Slide 23: Oman
Oman Quarterly Trend (OMR mn) Revenue Revenue EBITDA EBITDA Margin EBITDA 0% 0.3 Q1-22 Q1-22 64 62 62 65 613 321 57 0.5% 2% yoy yoy 51% 52% 53% 52% 52% QAR mn QAR mn 33 32 30 33 34 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Mobile Fixed • Revenue year on year increased to QAR 613mn, growth in wholesale 36 16 -9%
Slide 24: Myanmar
Myanmar Quarterly Trend (MMK bn) Revenue EBITDA EBITDA Margin Revenue EBITDA +38% (+36) Q1-22 Q1-22 147 272 121 134 133 8% 117% yoy yoy 96 100 49% 42% 44% QAR mn QAR mn 22% 25% 61 66 59 21 25 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Mobile Fixed • Revenue year on year increased by 8%, driven by • Higher taxes
Slide 25: Maldives
Maldives Quarterly Trend (MVR mn) Revenue EBITDA EBITDA Margin Revenue EBITDA +9% (+40) Q1-22 Q1-22 63 475 487 115 447 423 442 10% 9% yoy yoy 54% 50% 55% 49% QAR mn QAR mn 44% 242 267 212 218 209 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Mobile Fixed 284 113 • Revenue increased by 9% yoy supported by improved m
Slide 26: Palestine
Palestine Quarterly Trend (USD mn) Revenue Revenue EBITDA EBITDA Margin EBITDA +5% Q1-22 (+1) Q1-22 105 40 30 28 27 29 5% 16% 27 yoy yoy QAR mn QAR mn 36% 38% 37% 38% 34% 10 11 10 11 9 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Mobile Fixed - • Revenue year on year increased by 5% due to higher mobile data 26 +1
Slide 27: 2022 Ooredoo Capital Markets Day and Upcoming Conferences
2022 Ooredoo Capital Upcoming conferences: Markets Day 13th September 2022 (TBC) • 16-18 May, Arqaam Virtual conference (Hopefully welcoming you IRL in Doha, more • June 1-3 ,BoA/ML Debt Equity Conference, USA details in due course • June 6-8, Qatar Exchange and HSBC London conference 27
Slide 28: OOoOreddo
OOoOreddo OOoredgdo
Slide 29: Contents
Contents 1 Strategy and vision 2 Results review 3 Operations review 4 Additional info Ooredoo Q1 2022 Investor Presentation | 28 April 2022 | 29
Slide 30: KPIs Technology
KPIs technology 4G Sites as % of total 4G Population 5G Population 4G Contribution in total Data Volume Grow Country Total Sites Total Data Volume GB towers Coverage % coverage % traffic % % ALGERIA 6,133 77.82% 74.60% n/a 216,893,960 77.12% 32.46% IRAQ 7,361 96.73% 92.49% n/a 75,802,676 76.51% 67.7
Slide 31: KPIs Commercial
KPIs Commercial Country Churn Mobile Churn NPS Data users MyOoredoo Digital RMS (*) Number of Fixed (‘000) App users recharge complaints (‘000) per 1000 subs Algeria 0.7% - 25 7,080 55 95% 48.8% (*) 1 Iraq 1.8% - 30 7,425 1,456 25% 55.9% (*) 1 Kuwait 3.3% - 24 1,831 1,003 41% 8 Maldives 4.7% 0.9% (*
Slide 32: Blended ARPU
Blended ARPU Overview Results review Operations review Additional information Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) 113 25.5 113 110 110 108 22.3 50.4 66.3 68.0 97 17.8 18.2 19.6 19.2 45.1 44.2 44.3 43.9 42.2 60.5 62.6 62.6 63.8 23.7 17.2 23.3 22.9 22.7 21.6 Kuwait (QAR) T
Slide 33: Dividend Policy
Overview Results review Operations review Additional information Dividend policy • The Ooredoo Board has approved a sustainable and progressive dividend policy for the company, aiming for a dividend payout in the range of 40% to 60% of normalized earnings | | 33
Slide 34: OPCOs Licence General Information
OPCOs Licence General Information Overview Results review Operations review Additional information Fixed Licence Mobile Licence Country Issuance Date Expiry Date Issuance Date Expiry Date Qatar 7 October 2007 6 October 2032 7 October 2007 6 October 2027 13 October 1997 Kuwait -- -- Indefinite Emiri
Slide 35: Statutory Corporate Tax Rates
Statutory Corporate Tax Rates Overview Results review Operations review Additional information Statutory Statutory Losses LossesC/Fwd C/Fwd Markets Markets Notes Tax TaxRate Rate Allowed Allowed Algeria 26% 4 years The Tax Rate is 22% for tax year 2022 onwards Indonesia 22% 5 years Iraq 15% 5 years
Slide 36: Thank You
OOoOreddo Thank You OOoredgdo