VEON Ltd. · NASDAQ:VEON
VEON — VEON Capital Markets Day 2024
18 slides from VEON's conference presentation, Jun 6, 2024
Slide 1: Emerging and Frontier Markets Strategy: Crisis to Correction to Recovery
Emerging and Frontier Markets Strategy Crisis to Correction to Recovery hasnain.malik@tellimer.com 6 June 2024
Slide 2: Crisis: A Traumatic five years globally
Crisis: A Traumatic five years globally 2
Slide 3: Crisis: Economic scarring
Crisis: Economic scarring Lost economic output in US dollar terms versus pre-Covid expectations Hl Actual 2020-24 real GDP vs forecast before Covid {fj FX rate change since before Covid (Jan 2020) -80% -70% -60% -50% -40% -30% -20% -10% 0% -8% p20 Beek Uzbekistan Chart: Hasnain Malik + Source: IMF W
Slide 4: Reset: Policy pivots and corrective actions
Reset: Policy pivots and corrective actions 4
Slide 5: Reset: Economic performance pick-up
Reset: Economic performance pick-up 5
Slide 6: Outlook, short-term: High nominal growth
Outlook, short-term: High nominal growth 6
Slide 7: Outlook, short-term: Pakistan, Bangladesh FX risk
Outlook, short-term: Pakistan, Bangladesh FX risk 7
Slide 8: Outlook, long-term: Opportunities and risks
Outlook, long-term: Opportunities and risks 8
Slide 9: Country-specific opportunities and risk factors
Country-specific opportunities and risk factors 9
Slide 10: Pakistan: Relief from softer commodity prices
Pakistan: Relief from softer commodity prices 10
Slide 11: Pakistan: Military-civilian harmony restored
Pakistan: Military-civilian harmony restored 11
Slide 12: Ukraine: Financial support flowing again
Ukraine: Financial support flowing again 12
Slide 13: Ukraine: Trump's focus is defence spend increase by others in NATO
Ukraine: Trump’s focus is defence spend increase by others in NATO, rather than de-funding Ukraine “As everyone agrees, Ukrainian Survival and Strength should be much more important to Europe than to us, but it is also important to us! GET MOVING EUROPE!” @realDonaldTrump, 18 April 2024 13
Slide 14: Kazakhstan: Econ reforms to follow political ones?
Kazakhstan: Econ reforms to follow political ones? 14
Slide 15: Kazakhstan: Location, location, location
Kazakhstan: Location, location, location § Geopolitical neutrality between China, Europe, Russia and trade and investment with all three Eurasia Land Bridge Oil exports via Russia 15
Slide 16: Bangladesh: More garment export growth ahead
Bangladesh: More garment export growth ahead 16
Slide 17: Consumer opportunity to the fore as crisis fades
Consumer opportunity to the fore as crisis fades § All countries with very high contribution from final consumption (formal and informal) § Pakistan, Bangladesh: large scale, youthful population, very high urban density § Ukraine: staples consumption in war time, reconstruction if peace § Kazakhstan
Slide 18: Disclosures
Disclosures This document has been prepared for information purposes only. The information presented herein does not comprise a prospectus of securities for the purposes of EU Directive 2003/71/EC. Any decision to purchase securities in any proposed offering should be made solely on the basis of the