Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — H1 FY2012 Earnings Presentation
19 slides from Vodafone Qatar Qsc's earnings presentation, Sep 30, 2011
Slide 1: Financial Results Presentation, Half-Year ended 30 September 2011
H1 FY12 Results Presentation | 30 September 2011 Vodafone Qatar Q.S.C. Vodafone Qatar Q.S.C. Financial Results Presentation Half-Year ended 30 September 2011 Financial Results Presentation Half-Year ended 30 September 2011 Confidentiality level on slide master Version number on slide master
Slide 2: Disclaimer
2 H1 FY12 Results Presentation | 30 September 2011 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 presentat
Slide 3: Half-Year Key Highlights
3 H1 FY12 Results Presentation | 30 September 2011 Half-Year Key Highlights • 814,000 Mobile Customers at 30 September 2011 Customer Numbers • Mobile Customers grew 35% year-on-year (53k for the quarter) • 28.0% Mobile Customer Market Share at 30 September Market Share • 24.7% Mobile Revenue Market
Slide 4: Mobile Customer Growth
4 H1 FY12 Results Presentation | 30 September 2011 Mobile Customer Growth Year-on-Year Growth in Mobile Customers & Mobile Customer Market Share 1,000,000 28.0% 30% 900,000 814,000 25% Customer Market Share 800,000 22.0% Customer Numbers 700,000 20% 601,000 600,000 500,000 15% 400,000 300,000 6.6% 1
Slide 5: Total Revenue
5 H1 FY12 Results Presentation | 30 September 2011 Total Revenue Year-on-Year Total Revenue Comparison 24.7% 700 25% 590 Mobile Revenue Market Share 600 18.4% 20% 500 QAR (millions) 385 15% 400 300 10% 200 3.6% 5% 100 39 - 0% H1 Sep-10 H1 Sep-11 H1 Sep-12 Half-Yearly Total Revenue Quarterly Mobile R
Slide 6: Mobile ARPU (Average Revenue Per User)
6 H1 FY12 Results Presentation | 30 September 2011 Mobile ARPU (Average Revenue Per User) Year-on-Year Mobile ARPU 111 111 111 110 Half-Yearly ARPU (QAR) 110 109 109 108 108 108 107 107 H1 FY11 H1 FY12 • 2% increase in ARPU year-on-year Confidentiality level on slide master Version number on slide m
Slide 7: EBITDA
7 H1 FY12 Results Presentation | 30 September 2011 EBITDA Year-on-Year EBITDA Comparison 100 65 50 - QAR (millions) -50 -32 -100 -150 -156 -200 H1 FY10 H1 FY11 H1 FY12 • Half-yearly EBITDA margin of 11% Confidentiality level on slide master Version number on slide master
Slide 8: Distributable Profits
8 H1 FY12 Results Presentation | 30 September 2011 Distributable Profits Year-on-Year Distributable Profits Comparison - -20 -40 -35 -60 QAR (millions) -80 -100 -120 -111 -140 -160 -180 -200 -189 H1 FY10 H1 FY11 H1 FY12 • 68% improvement in Half-Yearly Distributable Profits year-on-year • Annual Dis
Slide 9: Net Loss
9 H1 FY12 Results Presentation | 30 September 2011 Net Loss Year-on-Year Net Loss Comparison - - -50 -50 -100 -100 -150 -150 -200 -200 -250 -250 -237 -300 -300 -350 -350 -312 -400 -349 -400 H1 FY10 H1 FY11 H1 FY12 Amortisation • 24% improvement in Half-Yearly Net Loss year-on-year • Half-Yearly Amor
Slide 10: Capital Expenditure from FY09-FY12
10 H1 FY12 Results Presentation | 30 September 2011 Capitalised Fixed Asset Additions (Fixed Line & Mobile) Full Year Capex spend Capital Expenditure from FY09-FY12 QR 1.52bn Mobile capex Year 1 Year 2 Year 3 Year 4 QR 0.26bn Fixed line capex 600 524 QR 1.78bn Total capex over 4 years 475 QR 7.72bn
Slide 11: Net Debt
11 H1 FY12 Results Presentation | 30 September 2011 Net Debt Borrowings less Term Deposits 200 156 100 - -100 QAR (millions) -200 -300 -400 -407 -500 -600 -700 -800 -714 H1 FY10 H1 FY11 H1 FY12 • D/E ratio of 10.5% at 30 September 2011 (this would be 16.3% if the total borrowing facility was fully u
Slide 12: Fixed Line Rollout Plan
12 H1 FY12 Results Presentation | 30 September 2011 Fixed Line Rollout Plan VFQ is proceeding with plans to: • Turn on converged fixed & mobile core switch • Lay fibre from QSTP data centre to its international cable landing station near Al Khor • Landing station is finished. Administrative approval
Slide 13: Short-Term Business Priorities – 2 Phases for Progress
13 H1 FY12 Results Presentation | 30 September 2011 Short-Term Business Priorities – 2 Phases for Progress Immediate Focus: • Full network coverage • Postpay billing experience • Roaming 2nd Phase 2012: • High value local customers • Business segment • Fixed line broadband in partnership with QNBN Q
Slide 14: Appendices
14 H1 FY12 Results Presentation | 30 September 2011 Appendices Confidentiality level on slide master Version number on slide master
Slide 15: Condensed Statement of Income and Cash Flows – six months ended 30 September 2011
15 H1 FY12 Results Presentation | 30 September 2011 Condensed Statement of Income and Cash Flows – six months ended 30 September 2011 Six Months Ended September 30, Six Months Ended September 30, 2011 2010 2011 2010 (Reviewed) (Reviewed) (Reviewed) (Reviewed) QAR ‘000 QAR ‘000 QAR ‘000 QAR ‘000 Net
Slide 16: Condensed Statement of Financial Position – as at 30 September 2011
16 H1 FY12 Results Presentation | 30 September 2011 Condensed Statement of Financial Position – as at 30 September 2011 September 30, September 30, March 31, 2011 March 31, 2011 2011 2011 (Reviewed) (Audited) (Reviewed) (Audited) QAR ‘000 QAR ‘000 QAR ‘000 QAR ‘000 Non-current assets Equity Property
Slide 17: Financial Highlights
17 H1 FY12 Results Presentation | 30 September 2011 Financial Highlights Financial Performance H1 FY10 H1 FY11 H1 FY12 Sep-09 Sep-10 Sep-11 QRm QRm QRm Total Revenue (Fixed & Mobile) 39.2 385.4 590.3 EBITDA (Fixed & Mobile) (156.1) (31.9) 65.2 Net Loss (Fixed & Mobile) (349.4) (312.4) (237.3) 1 Oper
Slide 18: Vodafone Qatar Shareholder Structure
18 H1 FY12 Results Presentation | 30 September 2011 Vodafone Qatar Shareholder Structure Private institution of public Global Utility founded by Telecommunications HH Sheikh Hamad Bin Khalifa leader Al-Thani 51% 49% Founding Vodafone and Qatari Governmental Free float on Qatar Foundation Institution
Slide 19: Contact Details
19 H1 FY12 Results Presentation | 30 September 2011 Contact Details Rachael Mayo-Smith Steve Walters Head of Investor Relations Chief Financial Officer M +974 7777 5642 M +974 7777 5464 E rachael.mayo-smith@vodafone.com E steve.walters01@vodafone.com Address: Vodafone Qatar Khalid Barzak PO BOX 2772
Vodafone Qatar Q.S.C. — H1 FY2012 Earnings Presentation on 6ix