Vodafone Qatar Qsc · QSE:VFQS

Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — FY2020 Earnings Presentation

16 slides from Vodafone Qatar Qsc's earnings presentation, Feb 3, 2021

  1. Slide 1: Financial results: Year ended 31 December 2020

    Vodafone Qatar P.Q.S.C. Financial results: Year ended 31 December 2020 03 February 2021

  2. 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 may

  3. Slide 3: Quarterly highlights

    Quarterly highlights Hamad Al Thani Chief Executive Officer

  4. Slide 4: Executive Summary | Key Messages

    Executive Summary | Key Messages Healthier Digital 2023 Delivering Revenue Mix Building a First Strategy on Shareholder Maintains Class Network Track Value Momentum 12 Quarters Healthier Revenue Mix Enhanced Coverage & Proposed Dividend Consecutive Y/Y quarterly VFQ consumer revenue contribution Cap

  5. Slide 5: Financial review

    Financial review Brett Goschen Chief Financial Officer

  6. Slide 6: FY 2020 | Financial Performance Highlights

    FY 2020 | Financial Performance Highlights Service Revenue + 3.7% YoY Net Profit +29% YoY GigaHome, postpaid and enterprise growth Growth in EBITDA Costs 1.7% Lower YoY CAPEX QR 411m Cost control and optimisation Investments in site expansion, fixed & 5G EBITDA Margin 36.7% Net debt QR 645m Highest

  7. Slide 7: FY20 Financial Performance Year on Year (FY19 v FY20)

    FY20 Financial Performance Year on Year (FY19 v FY20) (QR m) Total revenue Expenses EBITDA Net profit +3.5% -1.7% +14% +29% 2,200 1,416 1,392 808 185 2,125 +3.7% 179 176 709 144 611 632 1,949 2,021 805 759 FY19 FY20 FY19 FY20 FY19 FY20 FY19 FY20 Service revenue Equipment revenue Direct costs OPEX •1

  8. Slide 8: FY20 Financial Performance | Quarter 4 Year on Year

    FY20 Financial Performance | Quarter 4 Year on Year (FY19 v FY20) (QR m) Total revenue Expenses EBITDA Net profit +2.9% -5.1% +20% +66% 571 588 391 217 58 371 67 +3% 66 180 159 161 35 505 521 233 211 FY19 Q4 FY20 Q4 FY19 Q4 FY20 Q4 FY19 Q4 FY20 Q4 FY19 Q4 FY20 Q4 Service revenue Equipment revenue Di

  9. Slide 9: FY20 Financial Performance Service Revenue

    FY20 Financial Performance Service Revenue (QR m) Postpaid Revenue Prepaid Revenue Total Service Revenue -1.6% -10.8% +3% 274 155 521 +4.1% 270 269 +1.7% 149 505 508 265 139 139 +1.6% 500 262 136 492 FY19 Q4 FY20 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY19 Q4 FY20 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY19 Q4 FY20 Q1 FY20

  10. Slide 10: Total Revenue & ARPU

    FY20 Financial Performance Total Revenue & ARPU TOTAL REVENUE ARPU (QR) FY20 FLAT 86 84 83 87 82 +6% 37.5% FY19 Consumer revenue 35.7% Enterprise, equipment & other revenue 64.3% 62.5% FY19 Q4 FY20 Q1 FY20 Q2 FY20 Q3 FY20 Q4 • 1 Enterprise and other revenue increased their contribution by 1.8ppts Yo

  11. Slide 11: EBITDA margin

    FY20 Financial Performance EBITDA margin 39.4% 35.6% 36.7% •1 Underlying EBITDA margin of 39.4% (growth of 3.8 ppts YoY) 33.4% majorly led by cost optimization and 28.6% growth in GigaHome and postpaid 26.9% revenue 27.8% •2 Reported Margin at 36.7% grows 23.7% 26.6% 3.3 ppts YoY 22.6% FY16 FY17 FY1

  12. Slide 12: CAPEX (QR m)

    FY20 Financial Performance CAPEX (QR m) Total CAPEX Quarterly CAPEX Mix Capabilities & IT Capacity run and -19m Transformation maintenance 241 222 21 35 85 59 45 Coverage & 166 capacity FY19 Q4 FY20 Q1 FY20 Q2 FY20 Q3 FY20 Q4 expansion CAPEX 42.2% 10.8% 8.5% 15.8% 37.7% and others Intensity CAPEX in

  13. Slide 13: Consolidated statement of income

    Consolidated statement of income For the year ended 31 December 2020 Year ended Commentary YoY: QR m (unless otherwise stated) 31 Dec 20 31 Dec 19 YoY • Revenue increased QR 75m led by service revenue growth Consumer revenue 1,376 1,367 9 of 3.7% driven by postpaid, enterprise and GigaHome. Enterpri

  14. Slide 14: Appendix

    Appendix

  15. Slide 15: Consolidated statement of financial position

    Consolidated statement of financial position As at 31 December 2020 QR m (unless otherwise stated) 31 Dec 20 31 Dec 19 Var Assets Property, plant and equipment 1,647 1,484 163 • Property, plant and equipment & Intangible assets decreased Intangible assets 4,280 4,471 (192) by QR 29m due to depreciat

  16. Slide 16: Mobile Customers ('000s) & Net Debt

    Mobile Customers (‘000s) & Net Debt FY20 Q4 v FY19 Q4 Total Mobile Customers Net Debt (QRm) +24.7% -4.3% 1,737 1,734 785 775 1,678 753 1,650 1,662 645 517 FY19 Q4 FY20 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY19 Q4 FY20 Q1 FY20 Q2 FY20 Q3 FY20 Q4 16

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