Slide 1: Ooredoo Group Q1 2018 Results
Ooredoo Group Q1 2018 Results April 26 2018 th Ooredoo Group 1H 2017 | Results
Slide 2: Disclaimer
Disclaimer • Ooredoo (parent company Ooredoo Q.P.S.C.) and the group of companies which it forms part of (“Ooredoo Group”) cautions investors that certain statements contained in this document state Ooredoo Group management's intentions, hopes, beliefs, expectations, or predictions of the future and
Slide 3: Contents
Contents 1. Results review 2. Operations review 3. Additional information | 3
Slide 4: Key Highlights
Results Operations Additional Group Results Overview Review Review Information Key Highlights Financial highlights: • Q1 2018 Revenue was QAR 7.8 billion, driven by strong contributions from Iraq, Kuwait, Tunisia, Palestine and Myanmar offset by Indonesia and Algeria. • Group EBITDA stood at QAR 3.0
Slide 5: Revenue and EBITDA
Results Operations Additional Overview Group Results Review Review Information Revenue and EBITDA EBITDA (QARm) and EBITDA Revenue (QARm) Margin Strong Revenue performances in Iraq, Kuwait, Tunisia, Palestine and Myanmar being more than offset by challenging market conditions in our biggest market i
Slide 6: Net Profit
Results Operations Additional Group Results Overview Review Review Information Net Profit Net Profit Attributable to Ooredoo shareholders (QARm) Total Net Profit Net Foreign Exchange Pre FX Net Profit The positive performance in Iraq, Kuwait and Myanmar was offset by market challenges in Indonesia a
Slide 7: Free Cash Flow and Capital Expenditure
Results Operations Additional Group Results Overview Review Review Information Free Cash Flow and Capital Expenditure CAPEX (QARm) & CAPEX/ Free Cash Flow (QARm) Revenue (%) FCF impacted by higher CAPEX and lower EBITDA CAPEX taking advantage of scale of Ooredoo Group and global sourcing strategy No
Slide 8: Total Customers
Results Operations Additional Group Results Overview Review Review Information Total Customers Total Customers (000) Stable customer base, slight YOY increase driven by Indonesia, Iraq, Tunisia, Maldives and Palestine Sequentially reduction by 14 million due to SIM registration/new regulation in Ind
Slide 9: Net Debt
Results Operations Additional Overview Group Results Review Review Information Net Debt Net Debt (QARm) and Net Debt / EBITDA QoQ up from 1.8x to 2.0x due to dividend payout, regulatory payments in Qatar Myanmar and Oman Mid point of the board guidance between 1.5 and 2.5x (bank covenant 4x) | 9
Slide 10: 2018 Q1 performance summary
Results Operations Additional Group Results Overview Review Review Information 2018 Q1 performance summary % Change 2018 Full Year Group Financials Q1 2018 Q1 2018 / Guidance (QAR bn) Actual Q12017 over 2017 Revenue 7.8 -3% -1.5% to +1.5% EBITDA 3.0 -11% -1.5% to +1.5% CAPEX 0.9 28% 5 bn to 6 bn Slo
Slide 11: Contents
Contents 1. Results review 2. Operations review 3. Additional information | 11
Slide 12: Operations: Qatar
Results Operations Additional Group Operations Overview Review Review Information Qatar Ooredoo Qatar QARm Strong No.1 position maintained - YoY revenue Revenue negatively impacted by Mobile Voice and Roaming revenues partially offset by Ooredoo TV EBITDA impacted by lower revenue, however effec
Slide 13: Operations: Indonesia
Results Operations Additional Group Operations Overview Review Review Information Indonesia Indosat Ooredoo QARm (IO) Revenue EBITDA & Drop in Revenue due to weaker consumer business, Margin only partially offset by stronger B2B sector (+4%) New Government SIM card registration legislation cause
Slide 14: Operations: Iraq
Results Operations Additional Group Operations Overview Review Review Information Iraq QARm Asiacell Revenue In Mosul, Kirkuk, Salahadeen and other areas more sites are back on-air, after liberation of occupied areas This resulted in a healthy revenue trend (+6%) in a more stable market Opex c
Slide 15: Operations: Oman
Results Operations Additional Group Operations Overview Review Review Information Oman Ooredoo QARm Oman Revenue Total revenue stable with increase in fixed line Prepaid business impacted by standardization of “Welcome packs” for the whole market Customer base remains strong at just over 3 mil
Slide 16: Operations: Kuwait
Results Operations Additional Group Operations Overview Review Review Information Kuwait Ooredoo QARm Kuwait Revenue EBITDA & Margin Strong Revenue growth was driven by post-paid packages in combination with handset sales Intense competition Overall market impacted by soft economy resulting in
Slide 17: Operations: Algeria
Results Operations Additional Group Operations Overview Review Review Information Algeria Ooredoo QARm Algeria Revenue EBITDA & Margin Shrinking market is due to a weak economy, inflation and cuts in social subsidies impacting purchasing power of customers and aggressive pricing from competition
Slide 18: Operations: Tunisia
Results Operations Additional Group Operations Overview Review Review Information Tunisia Ooredoo QARm Tunisia Revenue EBITDA & Margin Revenue growth in local currency terms by 8% compared to 2% reported Growth driven by strong B2C mobile, B2B business and fixed line (more than doubled) Leader
Slide 19: Operations: Myanmar
Results Operations Additional Group Operations Overview Review Review Information Myanmar QARm Ooredoo Myanmar Revenue EBITDA & Margin Strong top-line performance: driven by service revenue growth YoY underpinned by growth in customer ARPU mainly from increased data revenue Data and Digital reve
Slide 20: Extel 2018 Survey
Extel 2018 Survey Vote for Ooredoo www.extelsurveys.com | 20
Slide 21: Upcoming IR events
Upcoming IR events: We will be in London on May 9 at the QE and DB conference Still some slots available for May 10, please do contact the IR team (Salsayed@Ooredoo.com ) if you want to meet in London | 21
Slide 22: Contents
Contents 1. Results review 2. Operations review 3. Additional information | 22
Slide 23: Key Operations Importance to Group
Results Operations Additional Overview Review Review Information Additional Information Key Operations Importance to Group Revenue (QARm) EBITDA (QARm) | 23
Slide 24: Operations Breakdown: CAPEX & Customers
Results Operations Additional Group Operations Breakdown Overview Review Review Information CAPEX & Customers CAPEX Breakdown (%) Customer Breakdown (%) Q1 2018 CAPEX = QAR 939 million Q1 2018 Total Customers = 150 million | 25
Slide 25: Total Group Debt Breakdown
Results Operations Additional Overview Group Results Review Review Information Total Group Debt Breakdown Total Group Debt Breakdown Total Group Debt (QARm) (as at March 31, 2018) Total Group debt reduced, well balanced profile OpCo debt primarily in local currency Note: Qatar debt includes Ooredoo
Slide 26: Debt Profile – Ooredoo Q.P.S.C. level
Results Operations Additional Overview Group Results Review Review Information Debt Profile – Ooredoo Q.P.S.C. level 1,800 1,600 Bonds Loans Sukuk 1,600 1,400 1,250 1,200 1,000 1,000 1,000 870 750 800 650 600 500 500 500 400 200 0 2018 2019 2020 2021 2022 2023 2024 2025 2026 2028 2043 Interest/ Issu
Slide 27: Statutory Corporate Tax Rates
Results Operations Additional Additional Information Overview Review Review Information Statutory Corporate Tax Rates Statutory Losses C/Fwd Notes Tax Rate Allowed Algeria 27% 4 years Indonesia 25% 5 years Iraq 15% 5 years GCC companies (including NMTC)are exempted and are subjected to Kuwait 18% 3
Slide 28: Operations Breakdown: Blended ARPU
Results Operations Additional Group Operations Breakdown Overview Review Review Information Blended ARPU Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) Indonesia (QAR) Kuwait (QAR) Tunisia (QAR) Algeria (QAR) Myanmar (QAR) Indonesia (IDR’000) Kuwait (KWD) Tunisia (TND) Algeria (DZD
Slide 29: Next Quarterly Results – Thank You
Next Quarterly Results (tbc) July 26th Thank You |