Etihad Etisalat Co. · TADAWUL:7020
Etihad Etisalat — Q2 2019 Earnings Presentation
18 slides from Etihad Etisalat's earnings presentation, 2019
Slide 1: Investor Presentation Q2 2019
Investor Presentation Q2 2019
Slide 2: Disclaimer
Disclaimer a This document has been prepared by Mobily (the “Company”) solely for presentation purposes. The information contained in this ols document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no Mobily reliance should be placed
Slide 3: Content
Content a ¢ Environment * Regulatory and Telecom Environment * Major Highlights ° Strategy * Key Financial Highlights * Appendix
Slide 4: Regulatory and Telecom Environment | General Overview
Regulatory and Telecom Environment | General Overview a Regulatory and Telecom Environment Total mobile subscriptions in the Saudi Arabia reached 41.63 mn, with a voice penetration rate of 124.6%* Total mobile data subscribers in the Saudi Arabia reached 29.45 mn, with a penetration rate of 88.1%* O
Slide 5: Major Highlights | Major Figures
Major Highlights | Major Figures a Performance Highlights Continuation to deliver steady strong results. Mobily achieved the best improvement rate in download speed by 27% to 35.3 Mbps, versus Q1 2019* Successful delivery of performance growth: ° 7 consecutive QoQ quarterly revenue growth © 5% conse
Slide 6: Strategy | 2019: World-class performance
Strategy | 2019: World-class performance H2 2018- H1 2019 World-class performance ‘Wow’ ing customers 74 To be one of the most admired Saudi companies, 2017-H1 2018 Excel in customer experience . . Back on P creating superior value for track our stakeholders gy * CX-centric processes + Journey/ expe
Slide 7: Consistent Growth of the Topline
Key Financial Highlights | Consistent Growth of the Topline a Revenues (In SAR Million) chbge Mobily (as%) <> +15% ad oF 6,532 2,976 3,162 3,201 3,331 5,727 Q2 2018 Q3 2018 a4 2018 Qi 2019 Q2 2019 H1 2018 H1 2019 = Mobily continued to grow its quarterly revenues in Q2 2019 QoQ (4.1%) and YoY (15.1%)
Slide 8: Regular Growth of Quarterly Revenues
Key Financial Highlights | Regular Growth of Quarterly Revenues a Since Q4-17 chge Mobily Revenues 1 QoQ -0.4% 1.7% +0.7% +0.2% +2.2% +2.8% +6.3% +1.2% +4.1% a YoY -1.1% +1.4% +6.1% = +11.8% —+13.0% = #15.1% 3,331 3,162 3,201 2,976 2,895 B 2,854 2,806 2,827 2,833 B B "17 Q2 17 Q3 17.04 18 Ql 18 Q2 1
Slide 9: Sustained Healthy EBITDA Levels
Key Financial Highlights | Sustained Healthy EBITDA Levels a — — EBITDA margin [jj Pre IFRS16 EBITDA IFRS16 Impact +15% | EBITDA and EBITDA Margin | 1341 1,272 ee 1,221 (In SAR Million) Q2 2018 Q3 2018 Q4 2018 Qi 2019 Q2 2019 H1 2018 H1 2019 Q2 2019 EBITDA increased by 15% YoY to SAR 1,221 million a
Slide 10: Continuation of the deployment of the network modernization and additional spectrum
Key Financial Highlights | Continuation of the deployment of the network a modernization and additional spectrum ghlge Mobily — - CAPEX/Revenues% [J CAPEX Spectrum -37% CAPEX/ CAPEX | 754 732 to revenues % (In SAR Million) Q2 2018 Q3 2018 Q4 2018 Qi 2019 Q2 2019 H1 2018 H1 2019 Capex in H1 2019 decr
Slide 11: Continuous focus on cash flow generation
Key Financial Highlights | Continuous focus on cash flow generation a [il EBITDA - Capex IFRS16 Impact on EBITDA +68% Operational Cash Flow (EBITDA - 522 CAPEX) (In SAR Million) Q2 2018 Q3 2018 Q4 2018 Ql 2019 Q2 2019 H1 2018 H1 2019 Q2 2019 Operational Cash Flow (EBITDA-CAPEX) increased to SAR 876
Slide 12: Stability Of The Debt and Improvement Of Leverage Ratio
Key Financial Highlights | Stability Of The Debt and Improvement Of a Leverage Ratio Bret — —Pre-IFRS16 Net Debt/EBITDA ij Pre-IFRS16 Net Debt 12.165 11,645 11,288 11,316 11,278 Net Debt and (In SAR Million) Net Debt . : /EBITDA 3.x 2.84x a9 Q2 2018 Q3 2018 Q4 2018 Qi 2019 Q2 2019 = Healthy Net debt
Slide 13: Pre-IFRS16 Q2 2019 bridge
149 (123) 43 (31) 38 Pre- IFRS16 EBITDA D&A Finance Post- IFRS16 Q2 2019 charges Q2 2019 o o
Slide 14: Sustained Profitability
Key Financial Highlights | Sustained Profitability a Net Income (In SAR Million) [Ml Pre-IFRS16 Net Income IFRS16 Impact Net Income Bridge IFRS16 105 H2 2018 H2 2019 Pre IFRSI6 HI EBITDA DBA Finance Charges Post IFRSI6 HI 2019 2018 Mobily succeeded in achieving positive net profit at the end of the
Slide 15: Q&A
xq in =F. | Q&A
Slide 16: Appendix
Appendix
Slide 17: IFRS "Leases" Summary
IFRS 16 “Leases” Summary “ = IFRS 16 ( “the Standard”) is applicable from 01 January 2019 * The Standard introduces single accounting model for all applicable leases = The application of Standard results in: o Capitalization of lease payments over the lease term using discounted values at appropriat
Slide 18: Etihad Etisalat Investor Relations
Etihad Etisalat Investor Relations Email: IRD@mobily.com.sa Website: Investor Relations Page
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