Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — FY2015 Earnings Presentation
13 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, February 2016
Slide 1: 2015 Results
2015 Results Emirates Integrated Telecommunications Company PJSC February 2016
Slide 2: Full Year Financial Highlights
Full Year Financial Highlights Total Revenue EBITDA Net Profit before Free Cash Flow Mobile subscribers (AED M) (AED M) Royalty (AED M) (AED M) (000s) +0.8% +7.7% +4.3% +3.7% +5.2% 5,419 2,267 12,238 12,337 5,030 7,723 3,702 3,862 7,343 2,188 FY 2014 FY 2015 FY 2014 FY 2015 FY 2014 FY 2015 FY 2014 F
Slide 3: Market overview
Market overview Market share consolidation – sustain competitiveness in the market UAE Mobile Subscribers - Market share quarterly evolution UAE Telecom Market – Revenue share quarterly evolution 60.0% 80.0% 70.0% 68.5% 55.0% 54.8% 60.0% 50.0% 50.0% 40.0% * 45.0% 45.2% 30.0% 31.5% 20.0% 40.0% Etisal
Slide 4: Progressive Dividend Payment
Progressive Dividend Payment Proposed dividend payment AED per share 2014 2015 Special Dividend 0.00 0.10 Interim Dividend 0.12 0.13 Final Dividend 0.20 0.20 Total Dividend 0.32 0.43 Total Amount (AED) 1.46 billion 1.97 billion Sustained focus on creating shareholder value • Proposed dividend of AED
Slide 5: Total Revenues
Total Revenues Healthy growth in fixed business Quarterly Revenue (AED M) Full Year revenue (AED M) -2.4% +0.8% 3,225 3,148 3,051 3,091 3,047 12,238 12,337 10,799 9,842 8,539 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Quarterly Mobile Revenues (AED M) Quarterly F
Slide 6: Revenue Drivers
Revenue Drivers Increase in mobile subscribers impacted by MNMI Mobile Subscribers Active 90 Days (‘000) Quarterly Fixed Lines (‘000) +5.2% +5.3% 7,723 7,485 7,356 7,343 7,275 674 655 664 651 639 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Quarterly Mobile ARPU (A
Slide 7: Revenue Drivers – Mobile Data
Revenue Drivers – Mobile Data Data revenues continue to grow steadily Quarterly Mobile Data Revenues (AED M) Full Year Mobile Data Revenues (AED M) +3.3% 40.0% +7.3% 759 784 742 716 719 35.0% 2,961 2,759 34.3% 2,364 32.9% 30.0% 31.8% 30.9% 31.2% 1,767 1,010 25.0% 32.2% 27.4% 29.7% 22.6% 15.1% 20.0%
Slide 8: EBITDA
EBITDA Increased profitability from EBITDA Full Year EBITDA (AED M) Quarterly EBITDA (AED M) +7.7% +10.6% 5,419 1,404 5,030 1,378 4,306 1,339 3,999 1,299 1,269 2,916 40.6% 41.1% 43.9% 45.2% 44.6% 39.9% 39.4% 42.6% 43.3% 34.2% Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 FY 2011 FY 2012 FY 2013 FY 2014 FY
Slide 9: Net profit before royalty
Net profit before royalty Solid Net Profit Before Royalty growth Quarterly Net Profit before Royalty (AED M) Full Year Net Profit before Royalty (AED M) +4.3% +7.8% 987 3,702 3,862 978 972 2,823 3,014 925 31.9% 1,812 31.7% 31.3% 31.3% 916 30.2% 28.7% 27.9% 30.3% 21.2% 28.4% Q4 2014 Q1 2015 Q2 2015 Q
Slide 10: Net Profit after Royalty
Net Profit after Royalty Increasing royalty rates – Effective royalty increasing to 49.7% from 43.0% in 2014 Quarterly Net Profit after Royalty (AED M) Full Year Net Profit after Royalty (AED M) -9.8% -8.0% 513 2,109 502 1,979 1,986 1,941 487 490 462 1,097 20.1% 16.2% 18.4% 17.2% 15.9% 16.0% 16.1% 1
Slide 11: Capital Investments
Capital Investments Substantial investments to provide enhanced network experience to users Quarterly CapEx Additions (AED M) Full Year CapEx Additions (AED M) -6.4% +2.7% 760 1,720 1,659 1,703 712 1,564 1,291 17.5% 14.5% 13.6% 13.8% 422 15.1% 363 207 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 FY 2011
Slide 12: Free cash flow
Free cash flow Solid free cash flow generation Quarterly Free Cash Flow (AED M) Full Year Free Cash Flow (AED M) +3.7% +14.4% 2,329 2,267 2,188 1,133 1,748 1,054 922 867 1,377 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 (792) Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 • Royalty paid in 2015 of AED 1.6 bill
Slide 13: 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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