Grameenphone Ltd. · DSEBD:GP
Grameenphone — Q1 2012 Earnings Presentation
13 slides from Grameenphone's earnings presentation, May 8, 2012
Slide 1: First Quarter 2012 Grameenphone Ltd.
First Quarter 2012 Grameenphone Ltd. May 8, 2012
Slide 2: Tore Johnsen, Chief Executive Officer
Tore Johnsen Chief Executive Officer
Slide 3: Quality conscious acquisition
Quality conscious acquisition . . . ● Addition of 1.1Mn subscriptions + 18% + 3% ● Intensified market competition 36.49 37.63 35.25 ● Customer centric services and value 33.82 31.98 adding product offerings ● Consistent revenue growth with healthy profitability 44.3% 43.8% 43.6% 42.7% 42.1% ● Growth
Slide 4: Customer centricity
Customer centricity . . . Easy money eCare - the on-line transfer portal for customers Customized value propositions Slide 4
Slide 5: Popularity of Data usage
Popularity of Data usage . . . ● 5.8Mn internet users, 143% increase + 143% from a year ago + 11% 5.8 ● Mini-packs driving user growth 5.2 ● Gaining popularity in the rural areas 3.4 3.0 ● “Internet Utshab” and free internet 2.4 campaign “GP Click” created a good 14.4% 15.5% momentum 7.5% 8.9% 9.8%
Slide 6: 15th Annual General Meeting
15th Annual General Meeting . . . ● Successful completion of 15th AGM on 10 April 2012; 3rd AGM after listing ● Shareholders approved 2011 financial statements and 205% cash dividend (including 140% interim cash dividend) among other agenda ● Fast track dividend payment; 61,000 shareholders received
Slide 7: Q1 2012 Financial Results, Fridtjof Rusten
Q1 2012 Financial Results Fridtjof Rusten Chief Financial Officer
Slide 8: 12% Revenue Growth
12% Revenue Growth . . . ● Subscription driven revenue growth + 12.3% + 1.7% ● Growth from both voice and non voice services 22,732 22,828 22,828 23,222 20,672 ● Customized campaigns for customer ease ● Good contribution from infrastructure sharing, data and roaming services Q1'11 Q2'11 Q3'11 Q4'11
Slide 9: Healthy profit margin
Healthy profit margin . . . 6,492 ● Consistent revenue growth and cost 5,633 5,204 optimization 3,899 ● Pressure on opex from currency 2,867 28% devaluation and energy price hikes 25% 22% 17% ● Stable EBITDA margin 14% Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 NPAT (Mn BDT) NPAT Margin 13,200 12,458 12,789 12,0
Slide 10: Key Financial Figures
Key Financial Figures . . . Earnings per Share (EPS) - BDT 4.81 4.17 3.85 2.89 2.12 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Net Asset Value (NAV) Net Operating Cash Flow (NOCF) 50,899 11,912 45,662 44,087 10,961 9,930 38,883 8,788 8,969 32,391 8.82 8.12 37.69 6.51 6.64 7.35 33.82 32.65 28.80 23.99 Q1'11 Q2'11
Slide 11: Network Investment & Contribution to Govt.
Network Investment & Contribution to Govt. Network Investments ● Continuous investment for network 4,490 capacity expansion and quality 3,727 improvement 3,451 2,961 ● Invested BDT 174.7 billion since 2,061 inception ● BDT 3.2 billion payment as income tax and BDT 2.1 billion as SIM tax in Q1'11 Q2'
Slide 12: Regulatory Landscape
Regulatory Landscape
Slide 13: Regulatory landscape
Regulatory landscape . . . 2G License renewal 3G License ● The Court has given judgment in favor of GP ● BTRC has sent the draft 3G licensing guideline to declaring MCF for 2008 spectrum as illegal. MoPT on 28 Mar’12. ● The Court has directed GP to pay 100% fees to ● It is expected that the draft gu