Emirates Integrated Telecommunications Company Pjsc · DFM:DU

Emirates Integrated Telecommunications Company Pjsc — Q3 2020 Earnings Presentation

15 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, 2020

  1. Slide 1: Q3 2020 Results

    Q3 2020 Results Emirates Integrated Telecommunications Company PJSC Emirates Integrated Telecommunications Company PJSC

  2. Slide 2: Disclaimer

    Disclaimer This document has been prepared by Emirates Integrated Telecommunications Company PJSC (the “Company”) solely for presentation purposes. The information contained in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, a

  3. Slide 3: Start of first signs of macro environment recovery but uncertainty remains

    Start of first signs of macro environment recovery but uncertainty remains The release of lockdown constraints led to gradual improvement of the business drivers: • Opening of the shops with safety measures • Re-initiation of travel activity leading to slight improvement of roaming • Increase of mob

  4. Slide 4: Operating model evolution and maintaining the transformation plans

    Operating model evolution and maintaining the transformation plans • Appointments and Operating Model: • Appointment of Mr. Fahad Al Hassawi as an Acting CEO and Mr. Ahmed Julfar as Managing Director to ensure an efficient interaction between the executive team and the board • Appointment of a new e

  5. Slide 5: Start of the recovery of the mobile base and continuation of the growth of the fixed base

    Start of the recovery of the mobile base and continuation of the growth of the fixed base In ‘000 Mobile Subscriber -1,141 -1,141 Base(1) (-14.8%) (-14.8%) +177 (+2.8%) 7,736 7,634 7,440 7,736 6,418 6,594 6,594 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 YTD 2019 YTD 2020 Fixed Subscriber +14 +14 Base(2

  6. Slide 6: ARPU growth reflecting improvement of mobility

    ARPU growth reflecting improvement of mobility In AED +4 +4 (+4.7%) (+5.0%) +7 (+8.7%) 85 88 84 89 81 85 82 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 YTD 2019 YTD 2020 • Q3 ARPU increased 8.7% compared to the previous quarter and 5% YoY reflecting a reduction of the Wifi-offload impact that reached it

  7. Slide 7: First signs of recovery and improvement of revenue mix

    First signs of recovery and improvement of revenue mix AED Millions -1,052 -379 (-11.2%) (-12.4%) +19 (+0.7%) 3,067 3,192 9,396 2,988 2,668 2,688 8,344 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 YTD 2019 YTD 2020 Q3 revenues increased by 0.7% compared to the second quarter reflecting the improved mobil

  8. Slide 8: Recovery signs in mobile revenues and stabilization of the other segments

    Recovery signs in mobile revenues and stabilization of the other segments AED Millions Mobile -274 -818 (-16.5%) Revenues (-17.1%) +26 (+2.0%) 1,605 1,580 1,503 4,956 1,305 1,331 4,139 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 YTD 2019 YTD 2020 +13 +72 Fixed (+2.1%) (+3.9%) Revenues -8 (-1.3%) 623 642

  9. Slide 9: Strong EBITDA improvement QoQ thanks to cost efficiency measures

    Strong EBITDA improvement QoQ thanks to cost efficiency measures AED Millions -748 (-17.7%) -175 4,224 (-13.2%) 1,460 3,476 1,332 1,266 1,157 1,054 45.0% +103 41.7% 43.4% 45.7% 43.0% 42.4% 39.5% (+9.8%) Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 YTD 2019 YTD 2020 EBITDA Margin Q3 EBITDA, at 1,157 MAED,

  10. Slide 10: Significant improvement of Net Income fueled by the capital gains on the sale of Khazna stake

    Significant improvement of Net Income fueled by the capital gains on the sale of Khazna stake +100 AED Millions (+7.7%) +443 (+116.2%) 1,395 1,294 824 -419 (-32.4%) 519 519 436 30.7% 381 355 +90 (+41.6%) 13.7% 13.8% 875 12.4% 11.9% 215 305 16.7% 8.1% Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 YTD 2019

  11. Slide 11: Continuation of the deployment plans and strong cash flow generation

    Continuation of the deployment plans and strong cash flow generation AED Millions Capex 709 1,330 15.9% 509 511 22.2% 799 19.1% 19.0% 332 8.5% 310 10.8% 10.4% Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 YTD 2019 YTD 2020 Capex (% of Revenue) FCF* +234 (+20.6%) -126 (-16.4%) 1,137 1,371 826 464 768 642 -

  12. Slide 12: The way forwards: Monitoring of the recovery, focus on the operations in an environment that remains uncertain

    The way forwards: Monitoring of the recovery, focus on the operations in an environment that remains uncertain Despite positive signs in Q3, the outlook continues to present few uncertainties: • Evolution of the general macro • Evolution of the population • Change of consumption habits The Company c

  13. Slide 13: Appendices

    Appendices Emirates Integrated Telecommunications Company PJSC

  14. Slide 14: Key Performance Indicators

    Key Performance Indicators Third Quarter Analysis YTD 2020 Analysis AED Millions Q3 2019 Q3 2020 % Change YTD 2019 YTD 2020 % Change Revenues 3,067 2,688 (12.4%) 9,396 8,344 (11.2%) Fixed revenues 623 637 2.1% 1,851 1,923 3.9% Mobile revenues 1,605 1,331 (17.1%) 4,956 4,139 (16.5%) Other revenues 83

  15. Slide 15: Thank you.

    Thank you. Emirates Integrated Telecommunications Company PJSC

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