Emirates Telecom. Group Company (etisalat Group) Pjsc · ADX:EAND
Emirates Telecom. Group Company (etisalat Group) Pjsc — Etisalat Group — Q1 2021 Earnings Presentation
22 slides from Emirates Telecom. Group Company (etisalat Group) Pjsc's earnings presentation, Apr 29, 2021
Slide 1: Etisalat Group Q1 2021 Results Presentation
ETISALAT GROUP Q1 2021 RESULTS PRESENTATION 29 APRIL 2021 - ABU DHABI, UAE
Slide 2: Disclaimer
Etisalat Group | Q1 2021 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 3
Slide 4: Etisalat Group Financial Highlights
Etisalat Group | Q1 2021 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS AED Million Q1 2021 Growth Growth YoY% QoQ% Revenue 13,220 +0.8% +1.2% EBITDA 6,765 +0.7% +7.4% EBITDA Margin 51% 0.0pp +2.9pp Net profit 2,350 +7.9% +14.7% Net profit Margin 18% +1.2pp +2.1pp Cape
Slide 5: Etisalat Group Financial Highlights
Etisalat Group | Q1 2021 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS • Expanding Etisalat Group customer base by 4% • Delivering revenue growth despite ongoing impact of COVID-19 • Maintaining healthy EBITDA Margin at 51% • Sustaining profitable growth and improving
Slide 6: 2. Financial Overview
2. Financial Overview Karim Bennis Chief Financial Officer Etisalat Group 6
Slide 7: Etisalat Group Financial Highlights
Etisalat Group | Q1 2021 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS Revenue Breakdown Q1 2021 (AED m) EBITDA Breakdown Q1 2021 (AED m) Egypt Egypt Others Others Pakistan 7% 3% Pakistan 9% 3% 4% 6% 13.2 6.8 Bn MT Bn MT 28% UAE 26% UAE 57% 58% YoY Growth +0.8% YoY Gr
Slide 8: Int'l Operations Financial Highlights Q1 2021
Etisalat Group | Q1 2021 Results Presentation FINANCIAL HIGHLIGHTS INT’L OPERATIONS FINANCIAL HIGHLIGHTS Q1 2021 Revenue (AED m) / EBITDA (AED m) / EBITDA Margin (%) Revenue & EBITDA (AED m) / EBITDA Margin (%) / YoY Growth % MT Group Q1 2021 Growth Growth in in AED MAD 48% 47% 47% Revenue 3,480 +4%
Slide 9: Group Revenue
Etisalat Group | Q1 2021 Results Presentation REVENUE GROUP REVENUE Revenue (AED m) & YoY Growth (%) Sources of Revenue Growth – Q1 2021 vs Q1 2020 (AED m) 13,113 13,064 13,220 30% 13,113 127 127 13,220 14,000 42 12,000 25% 170 20 10,000 20% 8,000 15% 6,000 4% 5% 10% 4,000 -3% 1% 1% 5% -2% 2,000 0%
Slide 10: Group EBITDA
Etisalat Group | Q1 2021 Results Presentation EBITDA GROUP EBITDA EBITDA (AED m) & EBITDA Margin (%) Sources of EBITDA Growth –Q1 2021 vs Q1 2020 (AED m) 6,715 6,765 6,715 50 40 27 6,765 6,301 52 120 51% 48% 51% Q1'20 Q4'20 Q1'21 Q1'20 UAE MT Group Egypt Pakistan Others Q1'21 Highlights EBITDA by Cl
Slide 11: Group Capex
Etisalat Group | Q1 2021 Results Presentation CAPEX GROUP CAPEX Capex (AED m) & Capex/Revenue Ratio (%) Sources of Capex Growth – Q1 2021 vs Q1 2020 (AED m) 3,500 40% 123 2,944 3,000 35% 1,078 1,078 2,500 30% 29 66 19 8 23% 25% 2,000 20% 1,500 1,078 18% 1,078 15% 1,000 10% 500 8% 8% 5% 0 0% Q1'20 Q4
Slide 12: Group Balance Sheet & Cash Flows
Etisalat Group | Q1 2021 Results Presentation BALANCE SHEET / CASHFLOWS GROUP BALANCE SHEET & CASH FLOWS Balance Sheet (AED m) Dec-20 Mar-21 Investment Grade Credit Ratings Cash & bank Balances 31,345 33,530 Total Assets 133,018 134,886 AA-/Stable Total Debt 26,701 25,322 Net Cash / (Debt) 4,644 8,2
Slide 13: Debt Profile: Diversified Debt Portfolio
Etisalat Group | Q1 2021 Results Presentation DEBT PROFILE DEBT PROFILE: DIVERSIFIED DEBT PORTFOLIO Borrowings by Operation Q1 2021 (AED m) Borrowings by Currency Q1 2021 (%) 15,310 USD 24% Euro 41% 6,888 MAD 17% 1,641 1,482 Others 18% Group MT Group Egypt Pakistan Debt by Source Q1 2021 (AED m) Rep
Slide 14: Country by Country Financial Review
COUNTRY BY COUNTRY FINANCIAL REVIEW 14 14
Slide 15: UAE: Resilient Performance Despite COVID-19 Impact YoY
Etisalat Group | Q1 2021 Results Presentation UAE UAE: RESILIENT PERFORMANCE DESPITE COVID-19 IMPACT YOY COST OPTIMISATION INITIATIVES SUSTAINED PROFITABILITY MARGINS Revenue (AED m) / YoY Growth (%) EBITDA (AED m) / EBITDA Margin (%) 7,648 4,061 3,941 7,402 7,478 3,670 53% 50% 53% -3% -2% -8% Q1'20
Slide 16: UAE: Revenue Breakdown and Key KPIs
Etisalat Group | Q1 2021 Results Presentation UAE UAE: REVENUE BREAKDOWN AND KEY KPIs Mobile Revenues(1) (AED m) Fixed Revenues(2) (AED m) Other Revenues(3) (AED m) 2,780 2,794 2,783 2,868 2,638 2,638 1,999 1,969 2,057 -6% -8% 0% 3% -15% 0% -3% -2% -7% Q1'20 Q4'20 Q1'21 Q1'20 Q4'20 Q1'21 Q1'20 Q4'20
Slide 17: Maroc Telecom: Increased Regulatory and Competitive Pressure in Domestic Market
Etisalat Group | Q1 2021 Results Presentation MAROC TELECOM GROUP MAROC TELECOM: INCREASED REGULATORY AND COMPETITIVE PRESSURE IN DOMESTIC MARKET Morocco, Benin, Burkina Faso, CAR, CDI, Chad, Gabon, Mali, Mauritania, Niger & Togo Subscribers (m) Revenue (AED m) / EBITDA Margin (%) Capex (AED m) & Ca
Slide 18: Egypt: Strong Revenue Growth and Profitability
Etisalat Group | Q1 2021 Results Presentation EGYPT EGYPT: STRONG REVENUE GROWTH AND PROFITABILITY Subscribers (m) Revenue (AED m) / EBITDA Margin (%) Capex (AED m) & Capex/Revenue Ratio (%) 1,124 1,131 891 26.4 26.5 1,003 26.4 79% 42% 38% 41% 250 26% 184 25% 16% Q1'20 Q4'20 Q1'21 Q1'20 Q4'20 Q1'21
Slide 19: Pakistan: Improvement in Topline and Profitability
Etisalat Group | Q1 2021 Results Presentation PAKISTAN PAKISTAN: IMPROVEMENT IN TOPLINE AND PROFITABILITY Subscribers (m) Revenue (AED m) / EBITDA Margin (%) Capex (AED m) & Capex/Revenue Ratio (%) 900 789 25.9 25.5 26.0 747 771 318 800 700 600 500 32% 32% 29% 400 127 41% 107 300 200 100 17% 14% 0 Q
Slide 20: 3M 2021: Agility on Cost Optimization Initiatives with Focus on Margins and Cash Generation
Etisalat Group | Q1 2021 Results Presentation 1Q 2021 HIGHLIGHTS 3M 2021: AGILITY ON COST OPTIMIZATION INITIATIVES WITH FOCUS ON MARGINS AND CASH GENERATION % 20
Slide 21: 2021 Actual Against Guidance: Better Performance Than Guidance
Etisalat Group | Q1 2021 Results Presentation GUIDANCE 2021 ACTUAL AGAINST GUIDANCE: BETTER PERFORMANCE THAN GUIDANCE Financial Guidance Actual KPI 2021 in AED Q1 2021 in AED Revenue Growth % Stable +0.8% EBITDA Margin% 49% - 50% 51.2% % EPS (AED) Stable 0.27 CAPEX / Revenue % 16% - 18% 8.2% 21
Slide 22: Etisalat Group Investor Relations
ETISALAT GROUP INVESTOR RELATIONS Email: ir@etisalat.ae Website: www.etisalat.com 22 22