Vodafone Qatar Qsc · QSE:VFQS

Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — FY2019 Earnings Presentation

18 slides from Vodafone Qatar Qsc's earnings presentation, Feb 4, 2020

  1. Slide 1: Financial results: Year ended 31 December 2019

    Vodafone Qatar P.Q.S.C. Financial results: Year ended 31 December 2019 04 February 2020

  2. Slide 2: Disclaimer

    Disclaimer • The following presentation is made only to, and is directed only at, persons to whom such a presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. • This presentation con

  3. Slide 3: Quarterly highlights

    Quarterly highlights Hamad Al Thani Chief Executive Officer

  4. Slide 4: Executive Summary | Year End Highlights

    Executive Summary | Year End Highlights Capturing Profitable Healthier Delivering Market Share in Growth Revenue Mix on Shareholder Competitive Continues Track Value Environment* Eight Quarters Investments Yielding +1.3pts Proposed Dividend Consecutive YoY quarterly Positive Results Overall revenue

  5. Slide 5: Financial review

    Financial review Brett Goschen Chief Financial Officer

  6. Slide 6: FY 2019 | Financial Performance Highlights

    FY 2019 | Financial Performance Highlights Service Revenue + 2.4% YoY CAPEX QR 637m Postpaid growth Highest ever – investments in 5G, fixed & sites OPEX 15.3% Lower YoY Net profit + 22% YoY Underlying excl. IFRS16 - 3.1% (Cost Optimisation) Underlying excl. IFRS16 - 32% EBITDA Margin 33.4% Net debt

  7. Slide 7: Financial performance (Year on Year) (QR m)

    Financial performance (Year on Year) (QR m) FY19 v FY18 Total revenue Expenses EBITDA Net profit 1.1% -1% +21.4% +22% 2,101 2,125 1,517 1,504 709 144 197 176 89 89 584 +6.2% 118 (+36m) 732 620 1,904 1,949 620 785 795 FY18 FY19 FY18 FY19 FY18 FY19 FY18 FY19 Service revenue Equipment Rev Direct costs

  8. Slide 8: Quarterly Financial Performance (Year on Year) (QR m)

    Quarterly Financial Performance (Year on Year) (QR m) FY19 Q4 v FY18 Q4 Total revenue Expenses EBITDA Net profit +5m +1.5% +21m -7m 42 566 571 408 414 180 66 22 159 84 22 35 +4.8% +8.7% 14 14 (+13m) +22% 193 161 482 505 158 145 29 215 230 FY18 Q4 FY19 Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19

  9. Slide 9: Service Revenue (QR m)

    Service Revenue (QR m) FY19 Q4 v FY18 Q4 Postpaid Revenue Prepaid Revenue Total Service Revenue +21.6% -23.6% +4.8% 203 274 505 180 259 +5.6% 171 494 253 150 155 +3.8% 482 +6.2% 474 476 236 225 FY18 Q4 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY18 Q4 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY18 Q4 FY19 Q1 FY19 Q2 FY

  10. Slide 10: Total Revenue & ARPU

    Total Revenue & ARPU FY19 Q4 v FY18 Q4 Total Revenue (QR m) ARPU (QR) +1% -2 88 566 571 86 85 535 84 527 +5 +16% 82 491 FY18 Q4 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY18 Q4 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 Total 22.8% 22.6% 22.4% 21.8% n/a RMS •1 Total revenue 16% higher QoQ driven by growth in service re

  11. Slide 11: EBITDA & Underlying EBITDA margin

    EBITDA & Underlying EBITDA margin FY19 Q4 v FY18 Q4 EBITDA (QR m) EBITDA margin % +13.5% 34.8% 33.8% 181 177 180 33.6% 171 159 22 22 22 22 14 +8.7% 31.5% 31.3% 31.4% 31.2% 30.5% 159 155 149 158 145 29.1% 28.0% FY18 Q4 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY18 Q4 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 Underlying

  12. Slide 12: CAPEX (QR m)

    CAPEX (QR m) FY19 Q4 v FY18 Q4 Total CAPEX Quarterly CAPEX Mix Capabilities & IT Capacity run and -30m maintenance Transformation 270 241 10 29 213 141 Coverage & capacity expansion 42 and others FY18 Q4 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 CAPEX 47.8% 7.9% 26.8% 43.4% 42.2% Intensity 202 CAPEX investmen

  13. Slide 13: Consolidated statement of income

    Consolidated statement of income Year ended 31 December 2019 Year ended Commentary YoY: QR m 31 Dec 19 31 Dec 18 YoY • Revenue increased by QR 23m driven by growth in Revenue 2,125 2,101 23 service revenue QR 45m (postpaid and broadband growth) Interconnection and other direct expenses (795) (785) (

  14. Slide 14: Consolidated statement of financial position

    Consolidated statement of financial position As at 31 December 2019 QR m Dec-19 Dec-18 Var Assets Property, plant and equipment 1,484 1,292 191 • Property, plant and equipment increased by QR 191m due to CAPEX QR Intangible assets 4,471 4,428 43 418m (Network expansion (sites and 5G deployment) and

  15. Slide 15: Questions ?

    Questions ?

  16. Slide 16: Appendix

    Appendix

  17. Slide 17: Mobile Customers and Net Debt

    Mobile Customers and Net Debt FY19 Q4 v FY18 Q4 Total Mobile Customers (’000s) Net Debt (QRm) +1.0% +23.4% 1,763 620 599 1,743 1,737 502 517 1,720 1,721 +0.9% 419 FY18 Q4 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY18 Q4 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 17

  18. Slide 18: Thank You

    Thank You The Future Is Exciting For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.com

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