Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — H1 2019 Earnings Presentation
20 slides from Vodafone Qatar Qsc's earnings presentation, Jul 30, 2019
Slide 1: Financial results: Half year ended 30 June 2019
Vodafone Qatar P.Q.S.C. Financial results: Half year ended 30 June 2019 30 July 2019
Slide 2: Disclaimer
Disclaimer • The following presentation is made only to, and is directed only at, persons to whom such a presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. • This presentation con
Slide 3: Quarterly highlights
Quarterly highlights Hamad Al Thani Chief Executive Officer
Slide 4: CEO Update | Quarterly Highlights
CEO Update | Quarterly Highlights GigaHome - Growing Profitable Infrastructure Penetrating the Despite Growth Investment Residential Competitive Continues Accelerated Segment Environment Six Quarters 4x Footprint Growth 5G Ahead of Plan (5.6%) Consecutive YoY quarterly Footprint of our FTTH access 5
Slide 5: Financial review
Financial review Brett Goschen Chief Financial Officer
Slide 6: FY 2019 H1 | Key points to note and highlights
FY 2019 H1 | Key points to note and highlights Items impacting YoY Strong Financial Underlying net profit comparisons Performance doubled • Change to Prepaid subscriber • FY19 H1 postpaid revenue • FY19 H1 Net Profit grows above definition to align to ITU resulting increases 18.2% YoY due to growth
Slide 7: Quarterly Financial Performance (Year on Year) (QR m)
Quarterly Financial Performance (Year on Year) (QR m) FY19 Q2 v FY18 Q2 Total revenue Expenses EBITDA Net profit +1.5% -3.2% +28m +11% 384 519 527 372 14 177 35 32 34 22 22 31 149 +14.8% 180 157 14 (+20m) +100% 14 (+17m) 487 494 155 135 191 193 17 FY18 Q2 FY19 Q2 FY18 Q2 FY19 Q2 FY18 Q2 FY19 Q2 FY18
Slide 8: Service Revenue (QR m)
Service Revenue (QR m) FY19 Q2 v FY18 Q2 Postpaid Revenue Prepaid Revenue Total Service Revenue +19.1% -24.4% 1.3% 226 253 487 482 494 202 203 461 474 236 180 171 225 212 208 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY19 Q2 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY19 Q2 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY19 Q2 Servi
Slide 9: Total Revenue & ARPU
Total Revenue & ARPU FY19 Q2 v FY18 Q2 Total Revenue (QR m) ARPU (QR) +1.5% -3.5% +1.3% 108 105 104 566 103 103 17 18 19 535 527 -1.5% 519 484 88 84 85 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY19 Q2 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY19 Q2 Total ARPU Subscribers defintion change impact 21.3% 20.1% 22.8% 22.
Slide 10: EBITDA & Underlying EBITDA margin
EBITDA & Underlying EBITDA margin FY19 Q2 v FY18 Q2 EBITDA (QR m) EBITDA margin % +18.9% 181 177 33.8% 33.6% 159 22 22 149 142 14 +14.8% 30.4% 31.2% 31.3% 28.7% 29.1% 159 155 29.3% 135 28.0% 27.5% FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY19 Q2 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY19 Q2 Normalised EBITDA IFRS
Slide 11: CAPEX (QR m)
CAPEX (QR m) FY19 Q2 v FY18 Q2 Total CAPEX Quarterly CAPEX Mix +112m Capabilities & IT Capacity run and Transformation maintenance 270 18 141 Coverage & 115 capacity 22 expansion 30 42 and others FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY19 Q2 100 CAPEX 5.7% 23.7% 47.8% 7.9% 26.8% Intensity CAPEX investment
Slide 12: Half year ended: Financial performance (Year on Year) (QR m)
Half year ended: Financial performance (Year on Year) (QR m) FY19 H1 v FY18 H1 Total revenue Expenses EBITDA Net profit 1% -4.2% +26.2% +29m 782 1,051 1,062 748 358 78 14 91 95 44 44 284 +16.4% 368 14 (+44m) +125% 311 49 (+43m) 14 960 967 314 270 400 393 35 FY18 H1 FY19 H1 FY18 H1 FY19 H1 FY18 H1 FY
Slide 13: Statement of income
Statement of income For six months ended 30 June 2019 Six months ended Commentary YoY: H1 QR m 30 Jun 19 30 Jun 18 YoY • Revenue increased by QR 11m driven by postpaid and Revenue 1,062 1,051 11 Msheireb revenue offset by impact of a declining prepaid Interconnection and other direct expenses (393)
Slide 14: Statement of Financial Position
Statement of Financial Position As at 30 June 2019 QR m Jun-19 Dec-18 Var Assets Property, plant and equipment 1,243 1,292 (50) • Property, plant and equipment decreased by QR 50m due to depreciation Intangible assets 4,460 4,428 32 QR 111m offset by CAPEX QR 62m (Fixed investments and 5G) Right-of-
Slide 15: We are attending | The EFG Hermes 9th Annual London Conference
We are attending | The EFG Hermes 9th Annual London Conference When: 9 / 10 September 2019 Where: London - UK Organised by: EFG Hermes Register with the below email: LondonConference@EFG-HERMES.com Or Contact our Investor Relations Team: InvestorRelationsQatar@vodafone.com 15
Slide 16: Questions ?
Questions ?
Slide 17: Appendix
Appendix
Slide 18: Mobile Customers ('000s)
Mobile Customers (‘000s) FY19 Q2 v FY18 Q2 Total Mobile Customers 26.8% 1,743 1,763 1,720 294 322 303 1,390 1,380 +3.6% 1,417 1,449 1,441 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY19 Q2 Subscribers - 30 days Customer definition change impact 18
Slide 19: Accounting for leases
Impact of IFRS 16 Half year ended 30 June 2019 Six months ended Reported IFRS 16 Excl. IFRS16 QR m 30 Jun 19 impact 30 Jun 19 Statement of financial position 1. IFRS brings in the change in the accounting for leases Right of use assets 356 (356) - and does not impact the business processes Other ass
Slide 20: Thank You The Future Is Exciting
Thank You The Future Is Exciting For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.com
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