Ooredoo Q.p.s.c · QSE:ORDS
Ooredoo Q.p.s.c — Ooredoo — Investor Day (December 2023)
15 slides from Ooredoo Q.p.s.c's investor day presentation, Dec 1, 2023
Slide 1: The Formation of the Leading TowerCo in MENA
THE FORMATION OF THE LEADING TOWERCO IN MENA | |
Slide 2: Introducing the “NEW TASC” Towers
Introducing the “NEW TASC” Towers We are forming the leading tower platform in the MENA region • Leading Tower Company in the MENA region operating STRONG FOOTPRINT IN MENA across 6 markets in MENA Contributed by Contributed by About 29k Towers 2023E in • Providing leasing of antenna & equipment spa
Slide 3: Leading tower operator in MENA
Leading tower operator in MENA “NEW TASC” will be the leading tower operator in the MENA region GLOBAL TOP 20 TOWER COMPANIES MARKET SHARE IN MENA [ # OF TOWERS PER PLAYER] [ # TOWERS SHARE OF MENA REGION] China Tower Corp 2,055,000 American Tower 222,667 272,349 273,667 274,310 277,658 282,748 100%
Slide 4: Solid partnership for Ooredoo
Solid partnership for Ooredoo Robust partnership with “NEW TASC” sustainably protects Ooredoo’s operations & economics OPERATONAL PROTECTION SOLID SLAs & APPROACH TO NEW SITE DELIVERY PROTECTION OF STRATEGIC INTEREST STRATEGIC SITES CONCEPT FOR OOREDOO INFLATION PROTECTION CPI CAPS & COLLARS PARTIAL
Slide 5: Value Crystallization
Value Crystallization The carve out of our assets and injection into “NEW TASC” will create shareholder value compared to the typical telco multiples EV/EBITDA MULTIPLES OF TOWER COMPANIES EV/EBITDAaL [LTM] MULTIPLE OF SAMPLE TOWER TRANSACTIONS EV/EBITDA LTM per 16.11.2023, CASH YIELD 2022A in % MAT
Slide 6: Contracts: Ooredoo & “NEW TASC”
OOREDOO & “NEW TASC”. “NEW TASC” will acquire Ooredoo’s passive infrastructure assets related to our tower operations and the corresponding operations Ooredoo OpCos New TASC Panel Antennas RAN and microwave equipment Tower Base Transceiver Station rack Tower foundation Assets Microwave Antennas Batt
Slide 7: WIN-WIN Business model
WIN-WIN Business model Additional tenancies will drive growth in profits. Tower carve out & independent management facilitates a non-yielding asset to become a yielding asset SIMPLIFIED & ILLUSTRATIVE TOWERCO ECONOMICS TYPICAL VALUE LEVERS Rationalization of Land Leases & Rentals Increase Tenancies/
Slide 8: Predictable & attractive economics
Predictable & attractive economics The new tower company will benefit from industry trends and high reliability on financials Continued Surge in Mobile Data Demand Given Dominant 1 Role Of Wireless Networks for Mobile & Stationary Broadband Connectivity in MENA MENA Region: GB/Month per User at 2.3x
Slide 9: Two anchor shareholders
Two anchor shareholders “NEW TASC” will have the support of two strong shareholders but will be managed by an independent management team Ownership: 49.3% Ownership: 49.3% Shareholders: Qatar Investment Authority Shareholders: Kuwait Investment Authority Retirement & Pension Fund Qatar Omantel Ratin
Slide 10: Attractive Growth markets
Attractive Growth markets “NEW TASC” operates in markets where demand for further sites is expected to grow driven by growth in data usage and catch up on capacity DATA USAGE PER SIM [GB/Month] 40 More Data Usage Drives Kuwait Additional Sites for • Need for Capacity Sites and/or Jordan Current Usag
Slide 11: Solid asset portfolio for growth
Solid asset portfolio for growth “NEW TASC” has a solid asset portfolio in strong markets and is well positioned to capture the growth opportunity from new tenancies TOWERS BY GEO-CLUSTER TOWERS BY MARKET POSITION TOWERS BY COUNTRY Per 2023 Projected [Thsd. Towers, % of Total], Per 2023 Projected [T
Slide 12: Attractive Macro environment
Attractive Macro environment Market portfolio of “NEW TASC” has an attractive macroeconomic profile. Iraq is for “NEW TASC” the key market ECONOMIC GROWTH LIMITED CURRENCY RISK CAGR 2022-2026, GDP in US$ at Current Prices Average Annual L3Y Appreciation/(Depreciation) vs US$ Source: IMF, April 2023
Slide 13: Approach and Next steps
Approach and Next steps DIMENSIONS OF CARVE OUT APPROACH HIGH LEVEL NEXT STEPS TODAY GARNERING REGULATORY APPROVALS Site portfolio CARVE OUT CLOSE Finance Technology separation & CLOSE transition plans closing accounts CLOSE CLOSE COMPLETION • Completing Preparation of Transfer of Assets in • Regula
Slide 14: Transaction approach & impact on Ooredoo
Transaction approach & impact on Ooredoo TRANSACTION APPROACH • Following the transaction, Ooredoo Group will own 49.3% shareholding in the independent tower company • This ownership will become effective after the first closing • Afterwards, at each closing, the relevant Ooredoo towers will be cont
Slide 15: Thank You
THANK YOU Upgrade your world. Upgrade your portfolio. | |