Vodafone Qatar Qsc · QSE:VFQS

Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — Q3 FY2023 Earnings Presentation

22 slides from Vodafone Qatar Qsc's earnings presentation, Oct 25, 2023

  1. Slide 1: Vodafone Qatar P.Q.S.C. Investor Presentation

    Vodafone Qatar P.Q.S.C. Investor Presentation Financial Performance Nine months ended 30 September 2023 C3 Confidential

  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: Performance Highlights

    Performance Highlights Hamad Al-Thani Chief Executive Officer

  4. Slide 4: Key Messages

    Key Messages Profitable Growth Customer Experience Critical Focus Market Continues Reflecting on Market Areas Environment Share • 23 consecutive quarters of • Revenue Market Share • Fintech Progress • Population Y/Y Revenue growth +1.7pts Y/Y Driving adoption with the new Population exceeded 3 milli

  5. Slide 5: Financial Performance

    Financial Performance Masroor Anjum Chief Financial Officer

  6. Slide 6: Key Highlights

    Key Highlights Strong Revenue Cost Continued Robust Growth Efficiency Growth in Subscriber Base Profitability • Growth momentum • OPEX intensity declines by • EBITDA QR 950m, 8.2% • Mobility subscribers grew continues with total 0.6ppts to reach 24.3% increase YoY 2% YoY* revenue growing by 5.6%, de

  7. Slide 7: FY23 Q3 YTD Year on Year: Strong performance across all financial KPIs

    FY23 Q3 YTD Year on Year ⋮ Strong performance across all financial KPIs Revenue Expenses EBITDA Net Profit +5.6% +3.9% +8.2% +17.3% • Total revenue grew QR 122m (5.6%) 2,298 1,348 950 392 led by service revenue growth (+10.1%) 2,176 1,297 248 10.1% 879 partially offset by lower projects 314 334 reve

  8. Slide 8: FY23 Q3 Year on Year: Strong service revenue growth of 7% improves profitability

    FY23 Q3 Year on Year ⋮ Strong service revenue growth of 7% improves profitability Revenue Expenses EBITDA Net Profit +1.0% -4.5% +9.5% +12.0% • Service revenue growth of 7% offsetting 740 747 452 316 132 one-off projects revenue reduction 431 71 +7% 288 118 108 • Expenses lower primarily due to cost

  9. Slide 9: Service Revenue: Service revenue growth continues

    Service Revenue ⋮ Service revenue growth continues Postpaid Prepaid Managed services, wholesale & Fixed Total service revenue +50.1% +10.1% +0.7% 965 972 501 694 2,051 -11.5% 1,862 425 434 400 1,630 384 847 1,500 1,443 462 797 383 747 278 195 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY

  10. Slide 10: Margin Trends: Improving efficiency and margins

    Margin Trends ⋮ Improving efficiency and margins Reported Margin Underlying margin* OPEX EBITDA Net Profit +0.7 ppts -0.2 ppts Intensity Margin Margin 45.2% 17.1% 45.0% 16.4% 43.8% 28.8% 28.7% +1.1 ppts 13.0% 39.4% 41.4% 40.8% 40.2% 35.6% 24.9% 36.7% 8.4% 24.2% 24.3% 6.8% 33.4% FY19 FY20 FY21 FY22 F

  11. Slide 11: Capital Expenditure: Investments driving profitable growth

    Capital Expenditure ⋮ Investments driving profitable growth Capital expenditure (CAPEX) Return on capital employed (ROCE*) +7.0 ppts +0.5 ppts 30.0% 21.5% 18.7% 16.1% 10.3% ** 12.6% 9.8% 660 637 194 241 6.7% 411 408 182 290 222 465 4.2% 396 3.3% 226 189 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 S

  12. Slide 12: FY23 Q3 YTD Cash Position: Generating strong cash flows

    FY23 Q3 YTD Cash Position ⋮ Generating strong cash flows Operating Cash flow* Net Debt Net Debt to EBITDA** -QR95m -0.12x +145% 595 0.50x • Cash flow generation increased 145% 486 reflecting strong collections and working 499 capital optimisation initiatives 0.38x • Net debt decreased despite higher

  13. Slide 13: FY23 Q3 YTD Year on Year: Statutory results summary

    FY23 Q3 YTD Year on Year ⋮ Statutory results summary QR millions (unless otherwise stated) 30 Sep 23 30 Sep 22 YoY • Total revenue grew QR 122m (5.6%) led by service revenue growth (+10.1%) partially Consumer revenue 1,171 1,205 (34) offset by lower projects revenue Enterprise, equipment and other r

  14. Slide 14: FY23 Guidance

    FY23 Guidance

  15. Slide 15: Key Financial Performance Indicators

    Key Financial Performance Indicators Total Revenue Expenses EBITDA Net profit 2,298 CAGR CAGR 1,348 950 +10% 2,176 +7% 392 248 1,297 314 CAGR 879 +16% 334 1,746 CAGR 1,024 1,020 1,026 559 +38% 1,612 115 544 1,553 110 111 720 452 471 462 591 200 2,051 1,862 529 1,630 1,443 1,500 127 753 789 108 572 5

  16. Slide 16: FY23 Guidance

    FY23 Guidance FY22 FY23 Financial KPIs Results Expectation Total revenue QR 3,066m + YoY % EBITDA Margin 40.2% + 1 – 1.5 ppts CAPEX intensity 21.5% 17% to 18% • The Management expects continuing top line growth in FY23 • Higher revenue along with cost optimisation initiatives will enable growth in p

  17. Slide 17: Q&A

    Q&A

  18. Slide 18: For more information visit our website

    For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.qa

  19. Slide 19: Consolidated Statement of Income

    Consolidated Statement of Income Nine months ended QR m (unless otherwise stated) 30 Sep 23 30 Sep 22 YoY Consumer revenue 1,171 1,205 (34) Enterprise, equipment and other revenues 1,127 971 156 • Total revenue grew QR 122m (5.6%) led by service Total revenue 2,298 2,176 122 revenue growth (+10.1%)

  20. Slide 20: Consolidated Statement of Financial Position

    Consolidated Statement of Financial Position QR m (unless otherwise stated) 30 Sep 23 31 Dec 22 Var Property, plant and equipment 1,784 1,885 (100) Assets Intangible assets 4,058 4,050 8 Right-of-use assets 370 430 (59) • Property, plant & equipment and intangible assets decreased by QR Receivables,

  21. Slide 21: Mobility Subscribers

    Mobility Subscribers * Postpaid Prepaid Total Mobility -0.8% +0.2% 573 1,537 2,106 -0.1% 567 569 570 566 1,531 2,099 1,529 2,097 2,094 1,522 1,489 2,056 FY22 Q3 FY22 Q4 FY23 Q1 FY23 Q2 FY23 Q3 FY22 Q3 FY22 Q4 FY23 Q1 FY23 Q2 FY23 Q3 FY22 Q3 FY22 Q4 FY23 Q1 FY23 Q2 FY23 Q3 FY23 YTD Q3 Financial Perfo

  22. Slide 22: Mobility ARPU

    Mobility ARPU Postpaid Prepaid Total Mobility -1.1% 194.2 194.6 33.0 33.4 77.5 77.2 -2.7% 190.8 189.9 187.8 73.5 72.2 -4.8% 70.3 29.5 28.0 26.7 FY22 Q3 FY22 Q4 FY23 Q1 FY23 Q2 FY23 Q3 FY22 Q3 FY22 Q4 FY23 Q1 FY23 Q2 FY23 Q3 FY22 Q3 FY22 Q4 FY23 Q1 FY23 Q2 FY23 Q3 FY23 YTD Q3 Financial Performance AR

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