Etihad Etisalat Co. · TADAWUL:7020
Etihad Etisalat — Q2 2024 Earnings Presentation
19 slides from Etihad Etisalat's earnings presentation, 2024
Slide 1: Earnings Presentation
Classification: Mobily TOP SECRET Earnings Presentation TOP SECRET
Slide 2: Disclaimer
Disclaimer This document has been prepared by Mobily (the “Company”) solely for presentation purposes. The information contained in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairne
Slide 3: Agenda
01 Saudi Regulatory and Telecom Environment 05 Financial Performance Highlights 02 H1-24 in Review 06 Key Financial Highlights 03 Strategy 2023+ 07 FY-24 Performance Guidance 04 Operational Performance Highlights 08 APPENDIX: Sustainability at Mobily Earnings Presentation | Q2 2024
Slide 4: Saudi Regulatory and Telecom Environment
2.7% KSA median download speeds2 1.7% 1.5% 1.6% 1.5% KSA annual inflation 1 1.5% 128.03 Mbps 112.44 Mbps Mobile Fixed broadband 30-June-23 30-Sep-23 31-Dec-23 31-Mar-24 30-June-24 Mobily achieved a strong speed in KSA for Q2-24 Mobily achieved the lowest latency in KSA for Q1-233 3M SAIBOR 6M SAIBOR
Slide 5: H1-24 in Review
Brand Finance ranked Mobily as the fastest- growing telecom firm in Mobily joined the Mobily won "Legal Tech Ministry of Economy Advocate of the Year" the Middle East and recognized CEO Eng. and Planning (MEP) and "Legal Tech Sustainability Salman Al Badran as a Mobily is ranked Collaboration of the
Slide 6: Evolve into the TMT company of the future
Expand 5G rollout and Increase market share network coverage Evolve into the Ensure commitment to Achieve total TMT company of achieve ESG performance experience leadership excellence the future Transform the business to Repositioning to be a address new opportunities leader in new trends in the TMT
Slide 7: Operational Performance Highlights by Segment
Business Consumer Wholesale and Carrier services ▪ Achieved significant ▪ Launched new postpaid milestones in delivering ▪ Successfully concluded and prepaid packages connectivity service deals with strategic giga projects, while enhancing Mobily's ▪ Enhanced customer care national and international
Slide 8: Financial Performance Highlights
Revenues Net Income EBITDA CAPEX SAR 4,465 SAR 661 SAR 1,650 SAR 386 Strong achievements in our financial KPI’s: ▪ Achieved robust Revenue growth, supported by growth across all Revenue streams ▪ Solid EBITDA level, reflecting continued focus on operational efficiency and revenue growth ▪ Sustainabl
Slide 9: Revenues increased 4.6% YoY
+8.1% +4.6% -1.8% 9,011 4,545 4,465 8,338 4,268 4,306 Revenues increased 4.6% YoY and decreased (1.8%) QoQ to 4,118 SAR 4,465 million: 5,769 2,932 2,838 5,555 ▪ The YoY growth was attributed mainly to the Business 2,786 2,677 2,847 segment, in addition to a healthy growth in Wholesale and Consumer s
Slide 10: Mobile and FTTH Subscribers
Mobile Subscribers FTTH Subscribers (In Million) (In Million) +2.2% -1.2% 7.9% 0.0% 11.9 11.8 12.3 12.2 0.293 0.298 0.298 11.6 0.276 0.282 1.9 1.9 1.9 1.9 Postpaid 1.9 Prepaid 10.0 9.7 9.9 10.4 10.2 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Mobile subscribers in
Slide 11: EBITDA
(SAR Million) +3.4% -0.1% +4.5% 1,867 3,301 3,158 1,596 1,600 1,651 1,650 EBITDA increased 3.4% YoY and stabilized QoQ at SAR 1,650 million: ▪ Top line growth supported the YoY improvement in EBITDA 43.3% 38.9% 37.0% 37.9% 36.6% ▪ Resilient EBITDA Margin level at 37.0% reflecting operational 37.4% 3
Slide 12: CAPEX and CAPEX-to-revenues %
CAPEX and CAPEX-to-revenues % (SAR Million) +6.1% 2,318 949 CAPEX in H1-24 increased by 6.1% YoY to SAR 609 million: 574 609 13.8% ▪ Channeled investments toward the future of connectivity 223 through acceleration of 5G network, IoT infrastructure, and data centers expansion 7.6% 6.8% ▪ Strategic in
Slide 13: Free Cash Flow (EBITDA – CAPEX)
Free Cash Flow (EBITDA – CAPEX) (SAR Million) +1.4% -11.5% +4.2% 1,428 2,692 2,584 1,246 1,225 1,264 Free Cash Flow decreased by (11.5%) QoQ due to the increase in CAPEX. However, it grew by 1.4% YoY as a result of the solid EBITDA growth. H1-24 Free Cash Flow increased by 4.2% to reach SAR 2,692 49
Slide 14: Gross Debt, Net Debt and Net Debt/EBITDA
Gross Debt Net Debt and Net Debt/EBITDA (SAR Million) (SAR Million) -19.8% -1.2% -30.4% +1.1% 12,329 11,839 9,809 8,813 7,918 6,755 6,830 11,701 10,006 9,891 1.54x 1.36x 1.20x 1.01x 1.01x Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Net Debt/EBITDA ▪ Gross Debt dec
Slide 15: Net Income
Net Income (SAR Million) +33.0% +3.6% +35.0% 746 1,299 661 638 ▪ Net Income increased by 33.0% YoY and 3.6% QoQ to reach 962 497 524 SAR 661 million, reflecting higher revenue, enhanced operational efficiency and improved net financing costs ▪ Net Income grew by 35.0% in H1-24 reaching SAR 1,299 mil
Slide 16: FY-24 Guidance
6M-24 Actual FY-24 Guidance Mid- to high- single 8.1% Revenue Growth digit growth 36.6% EBITDA Margin 37-38% 1.0x Net Debt/EBITDA 1.1x 6.8% CAPEX Intensity 14-16% Earnings Presentation | Q2 2024
Slide 17: Q&A
Q&A Earnings Presentation | Q2 2024
Slide 18: Sustainability at Mobily
Saudi Vision Saudi ICT Saudi Green UN Global Global Reporting SDG’s 2030 Strategy 2023 Initiative Compact Initiative Upgraded to ‘AA’ in Launched Mobily Launched Mobily’s +59,000 hours of Sponsored MSCI ESG Index – Recycling Initiative new ‘RISILIENT’ structured employee Monsha’at’s highest-rated to
Slide 19: Thank you
Etihad Etisalat Investor Relations Thank you Mobily IR Webpage Mobily IR App Mobily Investor Mobily Investor Relations Webpage Relations Application E-mail IRD@mobily.com.sa
Etihad Etisalat Co. (Mobily) — Q2 2024 Earnings Presentation on 6ix