Kuwait Telecommunications Co. · KSE:STC
Kuwait Telecommunications — Kuwait Telecommunications Company K.S.C.P (VIVA) — FY2016 Earnings Presentation
16 slides from Kuwait Telecommunications's earnings presentation, 2017
Slide 1: FY 2016 Investor Presentation
FY 2016 Investor Presentation Kuwait Telecommunications Company K.S.C.P
Slide 2: Table of content
Table of content VIVA’s History in Brief 2 Key Milestones 3 Vision and Values 4 Shareholders' Structure 5 Population & Penetration 6 Competitive Strengths 7 Market Share 8 Financial Results 9 Financial Highlights 10 Stock Performance 11 Appendix – Balance Sheet & Income Statement 12 1
Slide 3: VIVA's History in Brief
VIVA’s History in Brief 2007 Jun 2008 Sep 2008 Dec 2008 Dec 2014 Jun 2015 VIVA’s Stock under KSE15 Index VIVA Stock was listed on Kuwait Stock Exchange Commercial Launch of VIVA Operations in Kuwait Public placement of VIVA shares which was 2.4x oversubscribed. distributed among c. 1 million Kuwaiti
Slide 4: Key Milestones
Key Milestones 2008 2010 2012 2014 2016 Best Telecom Company by Arabian Business. Launches commercially Expand retail network and VIVA launches Elite Strategic partnership with under the brand name VIVA launch joint promotions Program for loyal, VIP and Real Madrid. VIVA Becomes a Member of Inter’l
Slide 5: Vision and Values
Vision and Values Our vision is to provide unique services and products that satisfy the aspirations of our clients and accommodate their needs, which in turn will earn us their trust. This is through presenting our customers with numerous telecommunications opportunities with the goal of boosting o
Slide 6: Shareholders' Structure
Shareholders' Structure Saudi Telecom 52% Kuwaiti Government 24% Public Shareholders 24% STC, the leading regional telecom The Kuwaiti government holds 24% Public Share holders consists of operator, won the bid for third mobile of VIVA through different companies, portfolios, funds and license
Slide 7: Population & Penetration
Population & Penetration Kuwait population since 2010 is growing at the same level of 2.8% yearly and the growth is forecasted by IMF at 2.8% over the next 5 years compared to almost 1% for the global population growth. This growth coupled with rising income levels will propel growth in consumer spe
Slide 8: Competitive Strengths
Competitive Strengths STC (the largest telecom company in the region) will continue to be a major shareholder and VIVA will continue to benefit from being a member of the STC group. Through this relationship, VIVA has access to technical support, industry best practice for provision of telecom servi
Slide 9: Market Share
Market Share Total Subscriber Base in Kuwait (Mn) Subscriber Market Share – 2016* 10.0 7.6 7.7 7.7 8.0 6.41 5.9 31% 31% 6.0 5.2 4.5 3.9 4.0 3.3 2.0 0.0 2008 2009 2010 2011 2012 2013 2014 2015 2016 38% VIVA Subscribers (Mn) Revenue Market Share – 2016* 3.0 2.4 2.5 2.4 2.5 2.2 24% 2.0 1.6 35% 1.5 1.1
Slide 10: Financial Results
Financial Results 2016 • VIVA’s revenue grew by 1% during the Key Figures & Ratios 2015 Change % FY-2016 to reach KD 279 million as 2.4 compared to KD 277 million recorded Subscribers (Mn) 2.5 -3% 279 during FY-2015. Revenue (KD Mn) 277 +1% 44 • The net profit reached KD 40 million Operating Profit
Slide 11: Financial Highlights
Financial Highlights Revenue (KD Million) Net Profit (KD Million) 300 277 279 50 43 239 40 40 250 40 200 182 30 24 150 20 100 10 50 0 0 2013 2014 2015 2016 2013 2014 2015 2016 Operating Profit (KD Million) CAPEX (KD Million) 60 Operating Profit (KWD Million) Operating Profit Margin (%) 25% 60 Capex
Slide 12: Stock Performance
Stock Performance Rebased Index Since VIVA’s Listing Date 14 Dec 2014 – Stock Performance vs. KSE and Telecom weighted Indices VIVA's Stock Price (KWD) KSE Weighted Index Telecom Weighted Index 180 160 Rebased 100 Index VIVA +43.1% 140 120 100 KSE Weighted Index -9.8% 80 Telecom Weighted Index -13.2
Slide 13: Appendix
Appendix Balance Sheet (2013–2016) Income Statement (2013–2016) 12
Slide 14: Balance Sheet (2013 –2016)
Balance Sheet (2013 –2016) 2013 2014 2015 2016 Balance Sheet KD Mn KD Mn KD Mn KD Mn ASSETS Property and equipment 119.0 113.1 125.4 137.7 Intangible assets 30.6 36.3 50.6 47.5 Other non-current assets 0.7 0.7 - - Non-current assets 150.3 150.1 175.9 185.2 Inventories 4.9 5.8 7.1 4.4 Prepayments and
Slide 15: Income Statement (2013 –2016)
Income Statement (2013 –2016) 2013 2014 2015 2016 Income Statement KD Mn KD Mn KD Mn KD Mn Revenue 182.4 239.0 276.9 279.1 Operating expenses (116.8) (126.3) (145.8) (147.0) Depreciation and amortization (39.5) (67.6) (82.2) (88.4) Finance costs (1.4) (2.2) (2.6) (1.6) Other income / (expense) (0.2)
Slide 16: Thank you
Thank you Investor Relations Department: E-mail: Investor.relations@viva.com.kw Tel : +965 5000 1911 www.viva.com.kw
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