Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — Q4 2020 Earnings Presentation
15 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, 2021
Slide 1: Q4 2020 Results
Q4 2020 Results Emirates Integrated Telecommunications Company PJSC Emirates Integrated Telecommunications Company PJSC
Slide 2: Disclaimer
Disclaimer This document has been prepared by Emirates Integrated Telecommunications Company PJSC (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, a
Slide 3: Signs of macro environment recovery coming through but still several uncertainties
Signs of macro environment recovery coming through but still several uncertainties The recovery is underway as economy reopens : • Start of Covid-19 Vaccination • Showcase of major events such as GITEX, Dubai Shopping Festival, World’s Coolest Winter and IPL • Increased tourist inflow and opening of
Slide 4: Operational highlights and transformation plans
Operational highlights and transformation plans • Operational highlights: • Further quarter-over-quarter growth in Subscriber base and Revenues • Continuation of the ambitious 5G deployment • New operating model launched for better customer service, focus on innovation and the build-up of a full dig
Slide 5: Sequential recovery of the mobile base and continuation of growth in the fixed base
Sequential recovery of the mobile base and continuation of growth in the fixed base In ‘000 Mobile Subscriber -977 Base(1) -977 (-12.8%) (-12.8%) +63 (+1.0%) 7,634 7,440 7,634 6,418 6,594 6,658 6,658 Q 4 2019 Q 1 2020 Q 2 2020 Q 3 2020 Q 4 2020 20 19 20 20 Fixed Subscriber +16 +16 Base(2) (+7.4%) (+
Slide 6: ARPU reflecting Subscriber and Revenue mix impact
ARPU reflecting Subscriber and Revenue mix impact In AED +3 0 (+3.4%) (-0.2%) -1 (-1.6%) 88 84 89 88 83 86 82 Q 4 2019 Q 1 2020 Q 2 2020 Q 3 2020 Q 4 2020 20 19 20 20 • Yearly improvement in ARPU is driven by the change in the mix of Prepaid & Postpaid subscribers despite decline in revenues. Emirat
Slide 7: Sequential growth of the quarterly revenues driven mainly by the growth of device and fixed revenues
Sequential growth of the quarterly revenues driven mainly by the growth of device and fixed revenues AED Millions -1,504 -452 (-11.9%) (-14.2%) + 19 +52 ( + 0.7%) (+1.9%) 3 ,192 2,988 12,588 2,668 2,688 2,740 11,084 Q 4 2019 Q 1 2020 Q 2 2020 Q 3 2020 Q 4 2020 20 19 20 20 • Gradual improvement of qu
Slide 8: Recovery and stabilization in revenue segments
Recovery and stabilization in revenue segments AED Millions Mobile -2 65 -1,082 (-16.6%) Revenues (-16.8%) -16 (-1.2%) 1,580 1,503 6,537 1,305 1,331 1,316 5,454 Q 4 2019 Q 1 2020 Q 2 2020 Q 3 2020 Q 4 2020 20 19 20 20 +4 +75 Fixed ( + 0.6%) (+3.0%) Revenues +9 (+1.4%) 642 641 645 63 7 645 2,493 2,56
Slide 9: Containment of EBITDA erosion for the full year
Containment of EBITDA erosion for the full year AED Millions - 1 ,177 ( - 2 0.7%) - 4 29 ( - 29.4%) 5,684 1,460 4,507 1,266 1,157 1,054 1,031 45.2% 45.7% -126 40 .7% 42.4% 43 .0% (-10.9%) 3 9.5% 3 7.6% Q 4 2019 Q 1 2020 Q 2 2020 Q 3 2020 Q 4 2020 20 19 20 20 EBITDA Margin • Decline in quarterly EBIT
Slide 10: Solid Yearly Net income
Solid Yearly Net income AED Millions -288 ( - 1 6.6%) -388 1,731 (-88.9%) 824 - 67 1 1,443 ( - 38.8%) 3 83 519 43 6 -120 3 55 (-39.3%) 215 48 13 .7% 13 .8% 1,060 11.9% 305 8.1% 185 13 .0% 11. 3% -137 1. 8 % Q 4 2019 Q 1 2020 Q 2 2020 Q 3 2020 Q 4 2020 20 19 20 20 Net Income Margin O ne-Off transacti
Slide 11: Continuation of the ambitious deployment plans and healthy cash flow
Continuation of the ambitious deployment plans and healthy cash flow AED Millions Capex 70 9 1,871 16.9% 1,508 541 50 9 511 12.0% 22.2% 19.1% 19.0% 19.7% 3 10 10 .4% Q 4 2019 Q 1 2020 Q 2 2020 Q 3 2020 Q 4 2020 20 19 20 20 C apex (% of Revenue) FCF* - 31 2 -43 8 ( - 37.7%) (-2 7.5%) 1,371 826 464 51
Slide 12: Looking forward: Continued focus on infrastructure deployment and operational efficiencies
Looking forward: Continued focus on infrastructure deployment and operational efficiencies • Deploying its 5G infrastructure • Stabilization of new operating model • Adjusting in an agile way to the evolution of the situation • Continued network monetization drive • Focus on operational efficiencies
Slide 13: Thank you.
Thank you. Emirates Integrated Telecommunications Company PJSC
Slide 14: Appendices
Appendices Emirates Integrated Telecommunications Company PJSC
Slide 15: Key Performance Indicators
Key Performance Indicators Fourth Quarter Analysis 2020 Analysis AED Millions Q4 2019 Q4 2020 % Change 2019 2020 % Change Revenues 3,192 2,740 (14.2%) 12,588 11,084 (11.9%) Fixed revenues 642 645 0.6% 2,493 2,569 3.0% Mobile revenues 1,580 1,316 (16.8%) 6,537 5,454 (16.6%) Other revenues 970 779 (19
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