Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — H1 2022 Earnings Presentation
18 slides from Vodafone Qatar Qsc's earnings presentation, Aug 10, 2022
Slide 1: Financial results: Six months ended 30 June 2022
Vodafone Qatar P.Q.S.C. Financial results: Six months ended 30 June 2022 10 August 2022
Slide 2: Quarterly Highlights
Quarterly Highlights Hamad Al-Thani Chief Executive Officer
Slide 3: Executive Summary: Key Messages
Executive Summary ⋮ Key Messages • H1 FY’22 Total Revenue +23.5% Y/Y Profitable Growth 18 consecutive quarters of Y/Y revenue growth. • 9.2% Return on Equity as at June 2022* Continues Continuously improving our competitiveness in • H1 FY’22 Net Profit +61.3% Y/Y our effort to generate shareholder v
Slide 4: FY22 H1: Financial Performance
FY22 H1 : Financial Performance Masroor Anjum Chief Financial Officer
Slide 5: Key Highlights
Key Highlights Strong revenue Cost Continuing Strong subscriber growth efficiency profitability growth growth • Total revenue grows • OPEX increase • Net profit QR 216m, • Mobility subscribers 23.5% led by service remained lower than 61.3% growth YoY grew 17.6% YoY and revenue growth and revenue gro
Slide 6: FY22 H1 Year on Year: Strong performance across all financial KPIs
FY22 H1 Year on Year ⋮ Strong performance across all financial KPIs Revenue Expenses EBITDA Net Profit +23.5% +22.3% +25.2% +61.3% • Total revenue growing by 23.5% (QR 273m) led 1,436 846 590 216 by service revenue growth (+14%) and projects 206 +14% revenue 1,163 691 472 355 85 • Expenses higher pr
Slide 7: FY22 Q2 Year on Year: Topline growth continues to drive profitability
FY22 Q2 Year on Year ⋮ Topline growth continues to drive profitability Revenue Expenses EBITDA Net Profit +22.1% +22.2% +22.0% +60.1% 705 416 289 109 87 • Total revenue growth of 22.1% (QR 128m) +14% 578 340 237 led by service revenue and projects 33 185 • Growth in revenue and network expansion 68
Slide 8: Service Revenue: Subscriber growth driving increase in revenue
Service Revenue ⋮ Subscriber growth driving increase in revenue Postpaid Prepaid Total service revenue +13.4% +14.1% 640 449 1,230 564 1,078 532 351 +7.8% 1,000 488 967 960 288 289 269 413 FY18 H1 FY19 H1 FY20 H1 FY21 H1 FY22 H1 FY18 H1 FY19 H1 FY20 H1 FY21 H1 FY22 H1 FY18 H1 FY19 H1 FY20 H1 FY21 H1
Slide 9: FY22 H1 Year on Year: Improving efficiency and margins
FY22 H1 Year on Year ⋮ Improving efficiency and margins Reported EBITDA Margin excl. equipments 35.0% • OPEX intensity of 24.7% (-2.1 ppts YoY) as a result of continued 28.9% 29.5% OPEX 26.9% cost optimisation despite network expansion 24.7% Intensity -2.1ppts • 10 ppts improvement since FY18 FY18 H
Slide 10: Capital Expenditure: Investments driving profitable growth
Capital Expenditure ⋮ Investments driving profitable growth Capital expenditure (CAPEX) Return on capital employed (ROCE*) 30.0% +5.7 ppts +1.7 ppts 23.3% 637 18.7% 8.5% * 16.1% 15.0% 489 6.7% 411 408 454 4.2% 385 270 216 3.3% 307 2.8% 183 138 104 104 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022 FY1
Slide 11: Cash Flows from Operations: Funding investments and dividends
Cash Flows from Operations ⋮ Funding investments and dividends Cash generated from operations* Net Debt 388 620 644 614 517 523 +47.5% 211 263 419 254 211 211 221 179 119 433 305 312 361 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Jun-22 H1 2018 H1 2019 H1 2020 H1 2021 H1 2022 Dividend Cash Flow since FY18 N
Slide 12: FY22 H1: Statutory results summary
FY22 H1 ⋮ Statutory results summary • Total revenue growth led by service revenue Consumer revenue 797 707 90 (+14%) and projects revenue Enterprise, equipments and other revenue 639 456 183 • Higher direct costs reflecting revenue growth Total revenue 1,436 1,163 273 Direct costs (491) (379) (112)
Slide 13: PX FONE NE VENTION FINNS
PX FONE NE VENTION FINNS 7 (AP PASINDID< LILI VIL” LIZZY VU
Slide 14: Consolidated Statement of Income
Consolidated Statement of Income Six months ended QR m (unless otherwise stated) 30 Jun 22 30 Jun 21 YoY Consumer revenue 797 707 90 Enterprise, equipments and other revenue 639 456 183 • Total revenue growth led by service revenue (+14%) and Total revenue 1,436 1,163 273 projects revenue Interconne
Slide 15: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position QR m (unless otherwise stated) 30 Jun 22 31 Dec 21 Var Property, plant and equipment 1,656 1,638 18 Assets Intangible assets 4,089 4,169 (80) Right-of-use assets 276 291 (15) • Property, plant & equipment and intangible assets decreased by QR 62m due to T
Slide 16: Mobility Subscribers & ARPU
Mobility Subscribers & ARPU Subscribers (‘000) ARPU (QR) +17.6% -4.6 2,013 2,015 81 80 79 78 77 1,934 -1.6% 1,797 1,714 FY21 Q2 FY21 Q3 FY21 Q4 FY22 Q1 FY22 Q2 FY21 Q2 FY21 Q3 FY21 Q4 FY22 Q1 FY22 Q2 FY22 H1 Results C3 Confidential 10 August 2022 16
Slide 17: Disclaimer
Disclaimer • The following presentation is made only to, and is directed only at, persons to whom such a presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. • This presentation may
Slide 18: For more information visit our website
For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.com
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