Mtn Nigeria Communications Plc · NSENG:MTNN
Mtn Nigeria Communications — Q1 2025 Earnings Presentation
17 slides from Mtn Nigeria Communications's earnings presentation, May 1, 2025
Slide 1: MTN Nigeria Results Presentation 31 March 2025
Slide 2: Disclaimer
Disclaimer The information contained in this document (presentation) has not been verified independently. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions containe
Slide 3: Agenda
Slide 4: Business overview
O01 “7. Business overview
Slide 5: Operating context
Operating context Challenging but improving operating conditions Inflation & Interest Rates + Inflation rate averaged 24% in Q1 Following the CPI rebasing * Monetary policy rate held steady at 27.5% Following multiple hikes in 2024 Naira Depreciation Exchange rate relatively Flat at N1,537/US$ by th
Slide 6: Key Financial highlights
Key Financial highlights Our strong commercial momentum drove broad-based revenue growth across core segments +40.5% Service revenue N1.0tn +57.9% Fintech revenue N36.1bn +134% Profit after tax N133.7bn +27.7% +51.5% Voice revenue Data revenue N407.4bn N529.4bn +65.9% +7.2% EBITDA EBITDA margin N492
Slide 7: Strong commercial momentum
Strong commercial momentum Rising demand for data driving strong commercial performance Active data users (m) Mobile subscribers (m) MOU/Subscriber 153.5 50.3 84.1 7.7 141.3 Za || Ql 24 Ql 25 Ql 24 Ql 25 Ql 24 Q125 Data usage per active user (GB) ARPU!(N) Rich media Subscription (m) 12.8 _ Ql24 ql25
Slide 8: Fintech progress
Fintech progress Executing fintech strategic recalibration for sustainable growth Performance Revenue (N'm) Float (N’bn) —_ es} 36.1 6.2 Active MoMo wallets (m) Fintech TX volume (m) Highlights Recalibrated strategy with a focus on quality improved float and earnings, with short-term impact on activ
Slide 9: Financial review
Slide 10: Revenue growth and efficiency drive margin recovery
Revenue growth and efficiency drive margin recovery Broad-based service revenue growth, led by data | Expenses growth mitigated by efficiency drive N’bn 39.4% 46.6% EBITDA margin Revenue Expenses 10.4% | 19.1% [ea a <> i N'bn | 492.7 1,058.0 565.2 cerroa 297.0 Ve) Voice +27.7% A56.0 Cost of sales 75
Slide 11: Opex profile
Opex profile Expenses largely driven by naira depreciation but mitigated by tower contracts renegotiation N’bn 275.0% * Opex impacted by the impact of naira depreciated!, af resulting in an 8.8pp impact on EBITDA margin a a one 327.0 uiés 298 29 * The capped CPI-linked escalation in our tower lease
Slide 12: Capital structure
Capital strucrure Focus on reducing FX exposure to minimise volatility in earnings | Debt metrics within covenant levels Debt Mix Tenor Mix Interest Coverage: . ix un 9.0x vs min 5x 68% 68% FY 24 Ql25 FY 24 Ql25 Fixed m Floating = ShortTerm mLong Term ; Borrowings by currency? Net Debt (bn) ; Net De
Slide 13: Looking ahead
Slide 14: Key priorities for 2025
Key priorities for 2025 Focus on accelerating the recovery of our earnings and restoring a positive net asset position Accelerate service revenue growth Home broadband leadership * Drive usage and base growth, leveraging customer value * Accelerate fibre-to-the-home connections to capture significan
Slide 15: Guidance
Guidance On track for a recovery in our retained income and shareholders’ equity positions to positive balances in the current financial year KPI FY 2025 Single-Year Medium Term Guidance Guidance Q1 25 Performance SQ Service , At least mid 40% At least 20% a0 7 EBITDA At least mid 40% At least 50% M
Slide 16: Q&A
Slide 17: Contact
Foday. Contact: Chima Nwaokoma Senior Manager, Investor Relations Chimaobi.Nwaokoma@mtn.com +234 803 200 0186