Slide 1: Ooredoo Group 9M 2017 Results
Ooredoo Group 9M 2017 Results 30 October 2017
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. Results Review 2. Operations Review 3. Additional Information 9M 2017 Financial Results | | 3
Slide 4: Key Highlights – 9M 2017
Results Operations Additional Overview Review Review Information Group Results Key Highlights – 9M 2017 Revenue growth in local currency terms across our main markets • Revenue stood at QAR 24.5 billion: In local currency terms growth in Indonesia, Oman, Kuwait, Tunisia, Iraq and the Maldives. Exclu
Slide 5: Revenue and EBITDA
Results Operations Additional Overview Review Review Information Group Results Revenue and EBITDA Revenue (QARm) EBITDA (QARm) & EBITDA Margin +3% +1% +1% 10 459 -3% 0% 10 234 -2% 24 839 10 156 24 196 24 266 24 476 10 012 43% 42% 41% 41% 9M'14 9M'15 9M'16 9M'17 9M'14 9M'15 9M'16 9M'17 Positive Reven
Slide 6: Net Profit
Results Operations Additional Overview Review Review Information Group Results Net Profit Net Profit Attributable to Ooredoo Shareholders (QARm) Net Foreign Exchange Pre FX Net Profit -15% 2,079 1,758 +4% 1,832 -15% 1,559 +2% -27% 2 207 2 243 -8% 1 632 1 504 200 55 (128) (485) 9M'14 9M'15 9M'16 9M'1
Slide 7: Net Debt
Results Operations Additional Overview Review Review Information Group Results Net Debt Net Debt (QARm) & Net Debt/EBITDA ratio +2% 30 530 -9% 27 789 28 297 -9% 25 874 2,3 2,2 2,2 1,8 9M'14 9M'15 9M'16 9M'17 Positive trend of lower Group Net Debt continued, Net Debt to EBITDA ratio at 1.8x Lower hal
Slide 8: Free Cash Flow and Capital Expenditure
Results Operations Additional Overview Review Review Information Group Results Free Cash Flow and Capital Expenditure CAPEX (QARm) & CAPEX/Revenue (%) Free Cash Flow (QARm) 6 209 -9% +17% 5 647 5 581 +124% 4 780 -36% 3 642 -28% 2 607 +13% 25% 2 138 23% 1 893 15% 11% 9M'14 9M'15 9M'16 9M'17 9M'14 9M'
Slide 9: Total Customers
Results Operations Additional Overview Review Review Information Group Results Total Customers Total Customers (000) +13% +16% 149,867 +20% 132 987 114 880 96 005 9M'14 9M'15 9M'16 9M'17 Solid customer growth continued driven by Indonesia, Iraq, Algeria, Tunisia, Oman, Qatar and the Maldives Almost
Slide 10: 2017 9M performance summary
Results Operations Additional Overview Group Results Review Review Information 2017 9M performance summary % Change 2017 Annual QAR Billion 9M 2017 9M 2017 / 9M 2016 Guidance Consolidated Revenue 24.5 +1% -1% to +2% EBITDA 10.5 +3% 0% to +3% Capital Expenditure 2.6 -28% 5.5 bn to 6.5 bn Revenue on t
Slide 11: Contents
Contents 1. Results Review 2. Operations Review 3. Additional Information 9M 2017 Financial Results | | 11
Slide 12: Operations: Qatar
Results Operations Additional Overview Review Review Information Group Operations Qatar QARm Ooredoo Qatar Revenue -2% • Strong market leadership position maintained – 5 982 5 861 Ooredoo’s mobile and fixed line networks ranked among the fastest globally • Customer numbers increased by +3% yoy to re
Slide 13: Operations: Indonesia
Results Operations Additional Overview Review Review Information Group Operations Indonesia QARm Indosat Ooredoo Revenue EBITDA & Margin +5% • Strong revenue growth and gross margin improvement 6 165 +6% resulted in better EBITDA margin 5 890 2 890 2 737 • Customer number increased by 19% (yoy) to r
Slide 14: Operations: Iraq
Results Operations Additional Overview Review Review Information Group Operations Iraq QARm Asiacell Revenue • Solid growth in revenue, EBITDA and customer numbers in 2017 +6% 3 161 3 347 • Customer base increased to 12.5 million as of September 2017 (up by 11%) driven by business returning business
Slide 15: Operations: Oman
Results Operations Additional Overview Review Review Information Group Operations Oman QARm Ooredoo Oman Revenue +1% • Mobile and fixed data driving increase in overall revenue 1 973 1 995 • Customer growth continued in all segments with an increase of 4% YoY to 3 million • Bottom line results were
Slide 16: Operations: Kuwait
Results Operations Additional Overview Review Review Information Group Operations Kuwait QARm Ooredoo Kuwait Revenue EBITDA & Margin • Fierce competition and challenging economic +7% situation continues in Kuwait, declining customer 1 795 1 927 base in the market +9% • Increase in revenue driven by
Slide 17: Operations: Algeria
Results Operations Additional Overview Review Review Information Group Operations Algeria QARm Ooredoo Algeria Revenue EBITDA & Margin • Ooredoo Algeria grew further revenue market share -7% despite challenging market conditions and fierce price 2 829 competition 2 630 +15% 1 038 1 197 • Revenue imp
Slide 18: Operations: Tunisia
Results Operations Additional Overview Review Review Information Group Operations Tunisia QARm Ooredoo Tunisia Revenue EBITDA & Margin • Against a backdrop of slow economic growth and local currency devaluation (12%), Ooredoo Tunisia grew -11% revenue and EBITDA in local currency terms 1 290 1 153 5
Slide 19: Operations: Myanmar
Results Operations Additional Overview Review Review Information Group Operations Myanmar QARm Ooredoo Myanmar Revenue EBITDA & Margin • Despite challenging market conditions, Ooredoo Myanmar recorded strong recurring revenue growth -13% 1 105 yoy in local currency terms, impacted by currency 961 de
Slide 20: Contents
Contents 1. Results Review 2. Operations Review 3. Additional Information 9M 2017 Financial Results | | 20
Slide 21: Group Revenue and EBITDA Breakdown
Results Operations Additional Overview Review Review Information Additional Information Group Revenue and EBITDA Breakdown Revenue (QARm) EBITDA (QARm) 24,839 24,196 24,266 24,476 10,012 10,234 10,156 10,459 9M'14 9M'15 9M'16 9M'17 9M'14 9M'15 9M'16 9M'17 Qatar 5 286 5 897 5 982 5 861 Qatar 2 626 3
Slide 22: Group CAPEX and Customers Breakdown
Results Operations Additional Overview Review Review Information Additional Information Group CAPEX and Customers Breakdown CAPEX Breakdown (%) Customers Breakdown (%) Others Others Qatar 7% Qatar Myanmar Tunisia 1% 2% Iraq 10% 21% 6% 8% Myanmar Tunisia 5% 4% Algeria Iraq 9% Algeria 8% Kuwait 7% 2%
Slide 23: Total Group Debt Breakdown
Results Operations Additional Overview Review Review Information Group Results Total Group Debt Breakdown Total Group Debt Breakdown Total Group Debt (QARm) (as of September 30, 2017) Short Term Long Term Others 9% 45,346 42,642 42,781 40,251 Indonesia 2 318 6 884 12% 4 916 2 455 40 463 38 462 37 72
Slide 24: Debt Profile – Ooredoo QPSC level
Group Results Debt Profile – Ooredoo QPSC level 2 000 Loans Bonds Sukuk 1600 1 500 1250 1000 1000 1000 1 000 750 650 500 500 500 500 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2028 2043 Interest/ Issue Loan Type (in USD mn) Amount Usage Rate* Maturity Bonds/Sukuk (in USD mn) Profit Maturity
Slide 25: Group Operations Breakdown: Blended ARPU
Results Operations Additional Overview Group Operations Breakdown Review Review Information Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) 31,4 32,2 30,3 31,2 54,9 56,7 55,4 119,8 126,7 120,9 29,0 30,4 51,9 52,5 30,6 30,2 29,7 48,6 116,6 115,7 67,0 66,8 66,6 27,2 26,7
Slide 26: Statutory Corporate Tax Rates
Results Operations Additional Overview Additional Information Review Review Information Statutory Corporate Tax Rates Statutory Losses C/Fwd Notes Tax Rate Allowed Algeria 26% 4 years Indonesia 25% 5 years Iraq 15% 5 years GCC companies (including NMTC)are exempted and are subjected to 4.5% Kuwait 1
Slide 27: Thank you
Thank you Thank You Website: ooredoo.com Follow us Email: IR@ooredoo.com Twitter: @OoredooIR