Grameenphone Ltd. · DSEBD:GP
Grameenphone — Q2 2010 Earnings Presentation
13 slides from Grameenphone's earnings presentation, Jul 18, 2010
Slide 1: Grameenphone Ltd. Second Quarter 2010
Grameenphone Ltd. Second Quarter 2010 July 18, 2010
Slide 2: Raihan Shamsi, Deputy CEO & CFO
Raihan Shamsi Deputy Chief Executive Officer & Chief Financial Officer
Slide 3: Strong Subscription Growth
Strong Subscription Growth + 25 % + 11 % • 2.6 million net add, highest ever in a quarter 26.5 23.3 23.9 • Subscription growth driven by subsidized 22.0 21.2 sale 45% 44% 44% 44% 44% • Crossed 25 million and 26 million mark in May and Jun respectively • Serving 44% of the market Q2-09 Q3-09 Q4-09 Q1
Slide 4: Continued Innovation
Continued Innovation Bring rural customers close • New prepaid product ‘Baadhon’ bundled with low- cost GP branded handsets • Affordable price for rural and financially constrained people • Strengthen rural footprint Variety in data related products • Data cards with enhanced Micro SD features • Int
Slide 5: Regulatory Environment
Regulatory Environment Amendments in Bangladesh Telecommunication Act 2001 • Reviewed by the Parliamentary Standing Committee • Heavy fines up to BDT 300 crores • Deviations from Criminal Procedure Code • No provision to appeal against regulatory actions and decisions except fines imposed National B
Slide 6: Solid Revenue Growth
Solid Revenue Growth • Growth in voice and non-voice driven by increased subscription base + 15 % + 10 % • Subscriber-friendly campaigns and innovative products & services 1,877 1,652 1,674 1,704 • GP branded handset and data cards 1,627 • Strong growth in data revenues Q2-09 Q3-09 Q4-09 Q1-10 Q2-10
Slide 7: SIM Tax Limiting Growth
SIM Tax Limiting Growth • EBITDA of BDT 797 crores (42%) -17 % -16 % during the second quarter compared to BDT 944 crores (55%) of Q1’10 963 943 944 • Revenue growth and subsidy on SIM 881 tax driving the EBITDA margin 797 59% 57% 53% 55% 42% • Continuous cost optimization initiatives • BDT 246 cror
Slide 8: High Subsidy, Moderate Earnings
High Subsidy, Moderate Earnings Net Profit After Tax • BDT 168 crores net profit after tax (9%) 844 • Lower net profit driven by higher 50% subsidy • BDT 82 crores more tax paid in first half of 2010 compared to first half of 2009 316 249 235 19% 175 • 2nd quarter of 2010 EPS was BDT 1.24 15% 11% 14
Slide 9: Continued Investments in Network
Continued Investments in Network • BDT 196 crore investments, mainly in voice & data capacity and network quality enhancements 404 • In line with current traffic demand • Population coverage more than 99% 197 196 • Geographical coverage more than 89% 154 116 • Focus on quality and data capacity Q2-0
Slide 10: Half Yearly Performance
Figures in BDT Crore Half Yearly Performance Revenues EBITDA 3,581 1,900 3,326 1,824 3,204 1,741 +12% + 8% 59% 55% 49% 1H-09 2H-09 1H-10 1H-09 2H-09 1H-10 Net Profit After Tax Earnings per Share (BDT) 1,019 8.07 31% 478 483 3.93 3.58 477 3.78 15% 14% 13% 1H-09 2H-09 1H-10 1H-09 2H-09 1H-10 Slide 10
Slide 11: Social Responsibility
Social Responsibility E-Upazilla Inaugurated • Private-public partnership with Government to support Digitalization of Bangladesh • Inaugurated through an e-conference program between World Bank team in Srilanka and Jamalpur local people • Project supported by World Bank Climate Awareness program •
Slide 12: Shareholding Structure
Shareholding Structure • Telenor 55.8% 10.0% • Grameen Telecom 34.2% 34.2% 55.8% • General retail and institutional investors 10% • 44.2% Bangladeshi Shareholders Telenor Grameen Telecom General & Institutional Investors 13th Annual General Meeting • First AGM as a listed company held on 8th Jun 201
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