Emirates Telecom. Group Company (etisalat Group) Pjsc · ADX:EAND
Emirates Telecom. Group Company (etisalat Group) Pjsc — Etisalat Group — Q4 2020 Earnings Presentation
23 slides from Emirates Telecom. Group Company (etisalat Group) Pjsc's earnings presentation, Feb 23, 2021
Slide 1: Etisalat Group Q4 2020 Results Presentation
ETISALAT GROUP Q4 2020 RESULTS PRESENTATION 23 FEBRUARY 2021 - ABU DHABI, UAE
Slide 2: Disclaimer
Etisalat Group | Q4 2020 Results Presentation DISCLAIMER Emirates Telecommunications Group Company PJSC and its subsidiaries (“Etisalat Group” or the “Company”) have prepared this presentation (“Presentation”) in good faith, however, no warranty or representation, express or implied is made as to th
Slide 3: 1. Business Overview
1. Business Overview Hatem Dowidar Chief Executive Officer Etisalat Group
Slide 4: Etisalat Group Financial Highlights
Etisalat Group | Q4 2020 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS AED Million Q4 2020 Growth Growth FY 2020 Growth YoY% QoQ% YoY% Revenue 13,064 -2.1% +0.2% 51,708 -0.9% EBITDA 6,301 +0.4% -8.7% 26,443 +0.3% EBITDA Margin 48% +1.2pp -4.7pp 51% +0.6pp Net profit 2
Slide 5: Etisalat Group Financial Highlights
Etisalat Group | Q4 2020 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS • Expanding Etisalat Group customer base by 4% • COVID-19 driving revenue slowdown • EBITDA Margin improvement to 51% • Maintaining profitable growth and improving operating free cash flow • Full y
Slide 6: 2. Financial Overview
2. Financial Overview Karim Bennis Chief Financial Officer Etisalat Group
Slide 7: Etisalat Group Financial Highlights
Etisalat Group | Q4 2020 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS Revenue Breakdown FY 2020 (AED m) EBITDA Breakdown FY 2020 (AED m) Egypt Others Egypt Others Pakistan 7% 2% 8% Pakistan 2% 3% 6% 51.7 26.4 Bn MT Bn MT 29% UAE UAE 26% 58% 60% YoY Growth -0.9% YoY G
Slide 8: Int'l Operations Financial Highlights FY 2020
Etisalat Group | Q4 2020 Results Presentation FINANCIAL HIGHLIGHTS INT’L OPERATIONS FINANCIAL HIGHLIGHTS FY 2020 Revenue (AED m) / EBITDA (AED m) / EBITDA Margin (%) Revenue & EBITDA (AED m) / EBITDA Margin (%) / YoY Growth % MT Group FY 2020 Growth Growth in 49% in AED MAD 48% 46% Revenue 13,535 +2
Slide 9: Group Revenue
Etisalat Group | Q4 2020 Results Presentation REVENUE GROUP REVENUE Revenue (AED m) & YoY Growth (%) Sources of Revenue Growth – FY 2020 vs FY 2019 (AED m) 60,000 52,186 51,708 30% 52,186 314 741 283 51,708 50,000 25% 1,578 238 40,000 20% 15% 30,000 5% 10% 20,000 4% 13,341 -3% 13,039 13,064 5% 10,00
Slide 10: Group EBITDA
Etisalat Group | Q4 2020 Results Presentation EBITDA GROUP EBITDA EBITDA (AED m) & EBITDA Margin (%) Sources of EBITDA Growth – FY 2020 vs FY 2019 (AED m) 26,370 26,443 26,370 349 372 105 26,443 648 105 53% 51% 51% 47% 48% 6,277 6,904 6,301 Q4'19 Q3'20 Q4'20 FY'19 FY'20 FY'19 UAE MT Group Egypt Paki
Slide 11: Group Capex
Etisalat Group | Q4 2020 Results Presentation CAPEX GROUP CAPEX Capex (AED m) & Capex/Revenue Ratio (%) Sources of Capex Growth – FY 2020 vs FY 2019 (AED m) 10,000 8,895 40% 8,895 9,000 30% 35% 677 8,000 7,096 22 7,096 30% 1,006 7,000 23% 6,000 25% 1,237 255 5,000 17% 20% 4,014 14% 4,000 12% 2,944 1
Slide 12: Group Balance Sheet & Cash Flows
Etisalat Group | Q4 2020 Results Presentation BALANCE SHEET / CASHFLOWS GROUP BALANCE SHEET & CASH FLOWS Balance Sheet (AED m) Dec-19 Dec-20 Investment Grade Credit Ratings Cash & bank Balances 29,657 31,345 Total Assets AA-/Stable 128,266 133,018 Total Debt 23,889 26,701 Net Cash / (Debt) 5,768 4,6
Slide 13: Debt Profile: Diversified Debt Portfolio
Etisalat Group | Q4 2020 Results Presentation DEBT PROFILE DEBT PROFILE: DIVERSIFIED DEBT PORTFOLIO Borrowings by Operation Q4 2020 (AED m) Borrowings by Currency Q4 2020 (%) 15,788 USD 23% Euro 7,742 41% MAD 18% 1,588 1,583 Others 18% Group MT Group Egypt Pakistan Debt by Source Q4 2020 (AED m) Rep
Slide 14: Group Dividends: Proposed DPS of AED 80 Fils for FY 2020 and Special DPS
Etisalat Group | Q4 2020 Results Presentation DIVIDENDS GROUP DIVIDENDS: PROPOSED DPS of AED 80 FILS FOR FY 2020 AND ADDITIONAL ONE-TIME SPECIAL DPS OF AED 40 FILS Cash Dividends (AED m) Dividends Per Share (AED) 10,432 3,477 0.40 6,954 6,954 3,477 3,477 3,477 0.80 0.80 0.80 3,477 3,477 3,477 2018 2
Slide 15: Country by Country Financial Review
COUNTRY BY COUNTRY FINANCIAL REVIEW 15 15
Slide 16: UAE: COVID-19 Driving Revenue Slowdown
Etisalat Group | Q4 2020 Results Presentation UAE UAE: COVID-19 DRIVING REVENUE SLOWDOWN COST OPTIMISATION INITIATIVES SUPPORTED PROFITABILITY MARGINS Revenue (AED m) / YoY Growth (%) EBITDA (AED m) / EBITDA Margin (%) 31,466 29,888 16,413 15,765 54% 50% 52% 53% 48% 8,054 7,457 7,402 3,890 4,018 3,6
Slide 17: UAE: Revenue Breakdown and Key KPIs
Etisalat Group | Q4 2020 Results Presentation UAE UAE: REVENUE BREAKDOWN AND KEY KPIs Mobile Revenues(1) (AED m) Fixed Revenues(2) (AED m) Other Revenues(3) (AED m) 12,307 11,315 11,199 10,789 7,844 7,900 -2% -3% 11% 4% 5% 3,091 2,706 -12% 1% 2,110 1,934 1,969 1% 2,638 2,854 2,817 2,794 -1% 2% -7% -
Slide 18: Maroc Telecom: Growth in Int'l Operations with Sustained Profitability
Etisalat Group | Q4 2020 Results Presentation MAROC TELECOM GROUP MAROC TELECOM: GROWTH IN INT’L OPERATIONS WITH SUSTAINED PROFITABILITY Morocco, Benin, Burkina Faso, CAR, CDI, Chad, Gabon, Mali, Mauritania, Niger & Togo Subscribers (m) Revenue (AED m) / EBITDA Margin (%) Capex (AED m) & Capex/Reven
Slide 19: Egypt: Strong Revenue Growth and Profitability
Etisalat Group | Q4 2020 Results Presentation EGYPT EGYPT: STRONG REVENUE GROWTH AND PROFITABILITY Subscribers (m) Revenue (AED m) / EBITDA Margin (%) Capex (AED m) & Capex/Revenue Ratio (%) 4,170 1,441 3,430 79% 26.4 26.2 26.4 45% 39% 41% 891 38% 763 32% 35% 1,124 27% 26% 22% 941 1,075 11% 250 118
Slide 20: Pakistan: Stable Performance in Local Currency
Etisalat Group | Q4 2020 Results Presentation PAKISTAN PAKISTAN: STABLE PERFORMANCE IN LOCAL CURRENCY Subscribers (m) Revenue (AED m) / EBITDA Margin (%) Capex (AED m) & Capex/Revenue Ratio (%) 3,500 3,178 25.9 25.5 2,940 24.8 3,000 981 2,500 48% 726 2,000 32% 32% 32% 31% 41% 27% 31% 1,500 25% 361 3
Slide 21: FY 2020: Agility on Cost Optimisation Initiatives Supports Profitability Resilience
Etisalat Group | Q4 2020 Results Presentation FY 2020 HIGHLIGHTS FY 2020: AGILITY ON COST OPTIMISATION INITIATIVES SUPPORTS PROFITABILITY RESILIENCE % 21
Slide 22: 2021 Guidance
Etisalat Group | Q4 2020 Results Presentation GUIDANCE 2021 GUIDANCE Financial Actual Guidance KPI 2020 in AED 2021 in AED Revenue Growth % -0.9% Stable EBITDA Margin% 51.1% 49% - 50% % EPS (AED) 1.04 Stable CAPEX / Revenue % 13.7% 16% - 18% 22
Slide 23: Etisalat Group Investor Relations
ETISALAT GROUP INVESTOR RELATIONS Email: ir@etisalat.ae Website: www.etisalat.com 23 23