Emirates Telecom. Group Company (etisalat Group) Pjsc · ADX:EAND
Emirates Telecom. Group Company (etisalat Group) Pjsc — e& (Emirates Telecommunications Group Company PJSC) — Q2 2022 Earnings Presentation
21 slides from Emirates Telecom. Group Company (etisalat Group) Pjsc's earnings presentation, Aug 2, 2022
Slide 1: Q2 2022 Results Presentation
Q2 2022 Results Presentation 2 August 2022
Slide 2: Disclaimer
Disclaimer Emirates Telecommunications Group Company PJSC (“e&” or the “Company”) and its subsidiaries have prepared this presentation (“Presentation”) in good faith, however, no warranty or representation, express or implied is made as to the adequacy, correctness, completeness or accuracy of any n
Slide 3: Business Overview
Business Overview Hatem Dowidar Group Chief Executive Officer
Slide 4: Q2 2022 Financial Highlights
Q2 2022 Financial Highlights Constant Currency Q2’22 Q2’21 Y/Y% Y/Y% Strong revenue growth in constant currency in Q2’22 attributed to Revenue (AED m) 12,996 13,216 -1.7% +4.2% both domestic and int’l operations EBITDA is resilient in both reported and constant currency EBITDA (AED m) 6,644 6,641 +0
Slide 5: Q2 2022: Key Developments & Operational Highlights
Q2 2022: Key Developments & Operational Highlights Group Telecom UAE Telecom International • Acquisition of 9.8% equity stake in • Focused on core connectivity and • Strong growth on comparable Vodafone Group, in line with e&’s value proposition is driving basis across key markets, ambition to enhan
Slide 6: Financial Overview
Financial Overview Karim Bennis Group Chief Financial Officer
Slide 7: Strong revenue growth at constant currency
Strong revenue Group Revenue growth at constant currency Revenue (AED m) & YoY Growth (%) Sources of Revenue Growth (AED m) Revenue growth in constant +4.2% currency attributed to strong 13,216 13,331 12,996 248 contribution from UAE, Egypt 13,216 and Pakistan operations 6% 27 12,996 -386 -1 -109
Slide 8: Sustained EBITDA growth and margins despite inflationary pressure
Sustained EBITDA Group EBITDA growth and margins despite inflationary EBITDA (AED m) & Margin (%) Sources of EBITDA Growth (AED m) pressure +5.5% 217 6,801 6,641 6,644 EBITDA in constant currency 63 6,641 6,644 increased Y/Y by 5.5% -174 -50 50% 51% 51% -52 Robust EBITDA margin at 51% EBITDA g
Slide 9: Building premium networks
Building premium Group CAPEX networks CAPEX (AED m) & Intensity Ratio (%) Sources of CAPEX Growth (AED m) Consolidated capex increased 130 1 1,830 254 Y/Y by 13%, resulting in an 1,830 1,619 -65 intensity ratio of 14% 1,619 1,644 -110 Lower capital spend in the UAE focused on 5G deployment, capa
Slide 10: Robust liquidity and cash flow position supporting financial flexibility
Robust liquidity and Group Balance Sheet and Cash Flow cash flow position supporting financial Balance Sheet (AED m) Dec-21 Jun-22 Cash Flow (AED m) Jun-21 Jun-22 flexibility Cash & Bank Balances 28,575 25,197 Operating 3,999 2,898 Maintained strong liquidity Total Assets 128,197 138,481 Investing
Slide 11: Diversified and efficient debt profile
Diversified and Group Debt efficient debt profile Borrowings by Operations (AED m) Borrowings by Currency (%) AED MAD 5% Increased bank borrowings at 31,515 6% Group level to finance strategic Others 13% investment 79% of debt is at Group level 55% USD 4,749 1,922 1,493 21% 60% of debt is in U
Slide 12: Track record of consistent dividends to shareholders
Track record of Dividends consistent Interim Dividends (AED bn) Interim Dividend Payout Ratio (%) dividends to shareholders 3.48 3.48 3.48 76.18 73.31 71.50 e&’s Board approved interim DPS of 40 fils for H1 2022 To be distributed to the H1’20 H1’21 H1’22 H1’20 H1’21 H1’22 shareholders registered
Slide 13: Financial Highlights Country Performance
Financial Highlights Country Performance
Slide 14: Etisalat UAE: Positive business momentum driving revenue growth
Positive business Etisalat UAE momentum driving EBITDA (AED m) and EBITDA Margin (%) Revenue (AED m) and YoY Growth (%) revenue growth 4,039 4,079 7,800 3,863 7,707 Revenue growth YoY supported 7,458 by growth in mobile, fixed data 52% 52% 53% and digital services EBITDA growth in absolute terms
Slide 15: UAE Breakdown & Key KPIs: Strong revenue and subscriber gains
UAE Breakdown & Key KPIs: Strong revenue and subscriber gains Mobile Revenue(1) (AED m) & YoY Growth (%) Fixed Revenue(2) (AED m) & YoY Growth (%) Other Revenue(3) (AED m) & YoY Growth (%) 2,841 2,814 2,778 2,792 2,774 2,167 2,118 2,626 2,053 8% 7% 0% 0% 2% -1% 5% 3% 3% Q2’21 Q1’22 Q2’22 Q2’21 Q1’22
Slide 16: Maroc Telecom Group: Regulatory headwinds in Morocco impacted net profit
Regulatory headwinds Maroc Telecom Group(1) In Morocco impacted Revenue (AED m) and YoY Growth (%) Subscribers (m) net profit -1% 73.6 75.8 74.9 3,480 3,232 3,094 8% Subscriber growth is driven by international operations Domestic market revenue is -11% under persisting regulatory and -7% compet
Slide 17: Etisalat Egypt: Consistent execution delivering strong growth
Consistent Etisalat Egypt execution delivering Revenue (AED m) and YoY Growth (%) Subscribers (m) strong revenue and profitability growth 29.1 1,298 +18.4% 26.7 28.1 1,226 1,225 27% Subscriber growth backed by 15% spectrum acquisition Robust revenue growth in local 0% currency attributed to data
Slide 18: PTCL Group: Top-line growth in local currency in all segments
Top-line growth in PTCL Group local currency in all Revenue (AED m) and YoY Growth (%) Subscribers (m) segments +8.2% 25.6 25.5 25.7 808 724 700 Growth in FTTH and 4G data 16% subscribers High single digit growth in -13% revenue in local currency driven -8% by mobile and fixed data and Q2’21 Q1’
Slide 19: Financial Highlights H1 2022: Strong performance at constant currency
Financial Highlights H1 2022: Strong performance at constant currency Revenue EBITDA Net Profit CAPEX(1) AED Billion AED Billion AED Billion AED Billion 26.3 13.4 4.9 3.2 YOY Growth YOY Growth YOY Growth YOY Growth -0.4% +3.8% +0.3% +4.1% +2.5% +17.7% Free Cash Flow(2) EBITDA Margin NP Margin CAPEX
Slide 20: 2022 Guidance: Exceeding FY2022 financial guidance in all KPIs
2022 Guidance: Exceeding FY2022 financial guidance in all KPIs driven by strong performance at constant currency Guidance Actuall 6M 2022 Actual 6M 2022 Financial KPI FY 2022 (Reported) (Constant Currency) Low single -0.4% +3.8% Revenue Growth % digit growth EBITDA Margin % ~49% 51.1% 50.9% EPS (AED
Slide 21: we are
we are
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