Emirates Telecom. Group Company (etisalat Group) Pjsc · ADX:EAND
Emirates Telecom. Group Company (etisalat Group) Pjsc — e& (Emirates Telecommunications Group Company PJSC) — Q3 2023 Earnings Presentation
19 slides from Emirates Telecom. Group Company (etisalat Group) Pjsc's earnings presentation, Nov 1, 2023
Slide 1: Q3 2023 Results Presentation
Q3 2023 Results Presentation 1 November 2023 A Global Technology Group
Slide 2: Disclaimer
Disclaimer Emirates Telecommunications Group Company PJSC (“e&” or the “Company”) and its subsidiaries have prepared this presentation (“Presentation”) in good faith, however, no warranty or representation, express or implied is made as to the adequacy, correctness, completeness or accuracy of any n
Slide 3: Group Key Highlights
Group CEO Hatem Dowidar Group Key Highlights
Slide 4: Group Q3 2023 Snapshot
Group Q3 2023 Snapshot Exemplifying financial … coupled with solid … and a key focus on resilience… operational growth… sustainability Revenue Subs AED 13.4 billion New ESG team highlights e&’s increased 167 million focus and commitment to its ESG agenda +3% Y-o-Y growth in reported +3% Y-o-Y increa
Slide 5: Q3 2023 Key Developments
Q3 2023 Key Developments GITEX Global 2023 Fastest 5G Network in the World Boosting our partnerships Charge & Go with Vodafone business Expanding Partnership Network with Sudatel Launch of ‘EASE’ e& Capital Highlights Global City Rank #1 Globally in Mobile Speeds1 212 Mbps #1 Dubai UAE Global City R
Slide 6: Group Financial Highlights
Group CFO Karim Bennis Group Financial Highlights
Slide 7: Q3 2023 Key Financial Highlights
Q3 2023 Key Financial Highlights Strong Q3 financial and operational metrics Profit & Loss: Revenue witnessed robust Group Revenue Group EBITDA Net Profit y-o-y growth in reported currency, spearheaded by an AED 13.4 billion AED 6.9 billion AED 3.0 billion outstanding quarter in the UAE ↑ 3% Y-o-Y ↑
Slide 8: Group Revenue
Group Revenue Resilient across key markets Key Highlights Revenue (AED m) & YoY Growth (%) Sources of Revenue Variance (AED m) • Strong Q3 revenue +8% 151 growth of 3.3%; constant 13,614 447 170 12,973 13,397 13,397 currency growth of 8% -323 -21 • Strong domestic 12,973 revenue growth 5% 3% attribu
Slide 9: Group EBITDA
Group EBITDA Robust EBITDA and margin Key Highlights EBITDA (AED m) & Margin (%) Sources of EBITDA Variance (AED m) • EBITDA increased by +7% 96 2.7% YoY in reported 230 7 currency & 6.9% in 6,714 6,568 6,896 6,896 -96 constant currency -54 52% 51% attributable to the strong 6,714 revenue growth 48%
Slide 10: Group CAPEX
Group CAPEX Enhancing networks capabilities Key Highlights CAPEX (AED m) & Intensity Ratio (%) Sources of CAPEX Variance (AED m) • Capex increased by 84 1,943 399 11.2% YoY while 1,794 intensity ratio increased 1,794 -78 -77 by 1 percentage point 1,613 1,613 • Lower capital spend in 14% 13% 12% -148
Slide 11: Group Financial Position
Group Financial Position Robust liquidity position Key Highlights Cash & Cash Equivalents (AED m) Total Debt (AED m) • Stable cash balance compared to June 47,217 46,887 attributed to payment of 26,024 40,140 interim dividends offset 24,021 24,189 by FCF generation • Increased debt year over year to
Slide 12: Group Debt Profile
Group Debt Profile Diversified long-term debt profile Key Highlights Borrowings by Operations (AED m) Borrowings by Currency (%) • Total debt of AED 46.9 36,774 billion Euro USD 12% 18% Others • 78% of debt is at Group 8% level, mostly in bank MAD borrowings 6% PKR 5% • 63% of debt is in USD/AED 6,0
Slide 13: etisalat by e& UAE
etisalat by e& UAE Strong growth across all key metrics Key Highlights Revenue (AED m) & YoY Growth (%) EBITDA (AED m) & EBITDA Margin (%) • Revenue acceleration 8,151 8,130 4,334 7,683 4,104 4,201 driven by subscriber growth and sustained commercial momentum 53% 52% 53% • EBITDA growth 6% 6% remain
Slide 14: UAE Breakdown & Key KPIs
UAE Breakdown & Key KPIs Strong results across the operational performance & subscriber gains Mobile Revenue(1) (AED m) & YoY Growth (%) Fixed Revenue(2) (AED m) & YoY Growth (%) Other Revenue(3) (AED m) & YoY Growth (%) 2,940 2,865 2,424 2,325 2,901 2,825 2,865 2,791 2,027 14% 15% 6% 2% 3% 3% 3% 0%
Slide 15: Maroc Telecom Group
Maroc Telecom Group Int’l growth offsetting softness in Morocco Key Highlights Subscribers (m) Revenue (AED m) & YoY Growth (%) • Slight Y/Y decline in +0.4% subscriber base 76 75 75 3,077 3,230 3,228 • Revenue growth in Moov Africa operations 4% 5% • EBITDA growth driven by revenue growth and impro
Slide 16: etisalat by e& Egypt
etisalat by e& Egypt Steady growth in local currency Key Highlights Subscribers (m) Revenue (AED m) & YoY Growth (%) • Sustained YoY 1,279 32 33 +21% subscriber growth 30 956 -2% 894 • Strong revenue growth in local currency attributed to mobile data and voice services and supported by subs growth -
Slide 17: PTCL Group
PTCL Group Maintained solid performance in local currency despite macro environment Key Highlights Subscribers (m) Revenue (AED m) & YoY Growth (%) • Strong increase in +25% mobile subscriber base 27 28 26 632 616 611 • Revenue growth in local currency attributed to mobile data, fixed -3% broadband,
Slide 18: FY 2023 Guidance
FY 2023 Guidance: Revising our guidance upward driven by outstanding performance FY 2023 FY 2023 9M 2023 Original Guidance Revised Guidance Actual Revenue Growth Low to mid single High single digit Y-o-Y in Constant +8.9% Currency (%) digit growth growth EBITDA Margin (%) ~ 49.0% ~49% 49.1% EPS (1)
Slide 19: we are
we are
e& (Emirates Telecommunications Group Company PJSC) — Q3 2023 Earnings Presentation on 6ix