Emirates Integrated Telecommunications Company Pjsc · DFM:DU

Emirates Integrated Telecommunications Company Pjsc — Emirates Integrated Telecommunications Company (EITC) — Q2 2009 Earnings Presentation

9 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, Jul 26, 2009

  1. Slide 1: Q2 2009 results Earnings Conference Call

    Emirates Integrated Telecommunications Company (EITC) Q2 2009 results Earnings Conference Call 26 July 2009 This document is confidential and is intended solely for the use and information of du 1

  2. Slide 2: Q2 2009 Highlights

    Q2 2009 Highlights Record results achieved but operating environment remains challenging • Revenue growth continued reaching AED1.3bn (+12% vs Q1 09, +44% vs Q2 08) driven by robust performance in mobile and wholesale • EBITDA very strong, up 52% to AED242m vs Q1 09, reaching similar levels achieved

  3. Slide 3: Revenue & Margins

    Revenue & Margins Healthy results performance & stable margins despite tough economic climate Revenue Gross Margin By Segment 1,000 67% 1,400 1,310 900 66% 1,227 36 34 1,166 800 1,200 150 863 65% 1,060 112 32 810 108 700 776 30 64% 1,000 908 243 89 242 AED Million 30 230 600 669 AED Millions 756 75

  4. Slide 4: Revenue Drivers - Mobile

    Revenue Drivers - Mobile 48% increase in mobile revenues year on year; subscribers up 57% Revenue - Mobile Subcribers - Mobile ('000) 1,000 882 3,500 900 840 795 800 730 3,000 700 2,906 595 2,750 2,500 600 2,498 AED Millions 464 500 2,000 2,077 400 1,850 1,500 300 1,404 1,000 200 100 500 0 Q1-08 Q2-

  5. Slide 5: Revenue Drivers - Fixed

    Revenue Drivers - Fixed Continued fixed line take up during Q2; crisis impacting growth Revenue - Fixed • Fixed revenues grew 5% to AED 242 million vs AED230m 300 in Q1 09 and 17% vs AED207.6m in Q2 08 • Total fixed lines increased 51% to 328,500 compared to 250 9 4 33 200 18 22 217,700 in Q2 08; 17

  6. Slide 6: Revenue Drivers - Wholesale & Broadcasting

    Revenue Drivers - Wholesale & Broadcasting Exceptional wholesale performance; solid broadcast results Revenue - Wholesale Revenue - Broadcasting 160 40 140 150 35 36 34 120 30 32 30 30 112 100 108 25 26 AED Millions AED Millions 97 80 89 20 75 60 15 40 10 20 5 0 0 Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Q2-09

  7. Slide 7: Profit & Loss

    Profit & Loss Sustained strong profitability despite challenging market conditions Earnings Before Interest, Tax & Depreciation of Net Profit before Royalty Ammortization 140 10% 300 25% 120 8% 100 115 250 6% 20% 242 80 236 82 4% 200 60 AED Million 2% AED Million 15% 40 47 0% 150 20 31 159 10% -2% -

  8. Slide 8: Capital Investments and Cash Flow

    Capital Investments and Cash Flow Capex to support enhanced network capabilities & improved service offering Capex Additions Cash Flow 1,000 600 900 400 914 800 200 451.6 277.1 311.9 700 141.1 173.9 Millions (AED) 0 (149.9) Millions (AED) 600 638 (200) (361.7) (332.9) (66.5) 586 (365.8) 500 (495.5)

  9. Slide 9: Q&A

    Q&A © 2009. Proprietary and Confidential 9

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