Slide 1: Ooredoo Group 1H 2021 Results
Ooredoo Group 1H 2021 Results July 2021
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: Group Results: Key Highlights
Overview Results review Operations review Additional information Group Results Key Highlights Solid financial performance in challenging conditions First half 2021 revenue stood Group EBITDA for H1 2021 was Group Net Profit attributable Consolidated customer base On May 11, regulators at QAR 14.5 bi
Slide 5: Revenue and EBITDA
Overview Results review Operations review Additional information Group Results Revenue and EBITDA Revenue (QARm) EBITDA (QARm) and EBITDA Margin +7% +3% 6,440 14,509 5,996 14,118 +7% +9% 7,312 3,227 2,973 44% 6,823 42% 44% 44% 1H-20 1H-21 Q2-20 Q2-21 1H-20 1H-21 Q2-20 Q2-21 • Healthy 3% Revenue grow
Slide 6: Net Profit
Overview Results review Operations review Additional information Group Results Net Profit Q2 Net Profit (QAR mn) H1 Net Profit (QAR mn) 17% 52% 432 403 472 930 818 612 -1,149 -956 Q2 2020 Q2 2021 Q2 2020 Q2 2021 H1 2020 H1 2021 H1 2020 H1 2021 Reported Reported Normalized Normalized Reported Reporte
Slide 7: Free Cash Flow and Capital Expenditure
Overview Results review Operations review Additional information Group Results Free Cash Flow and Capital Expenditure CAPEX (QARm) & CAPEX/ Revenue (%) Free Cash Flow (QARm) -6% +24% 2,107 2,749 1,971 +37% -13% 1,296 1,181 1,121 2,211 15% 14% 19% 862 15% 1H-20 1H-21 Q2-20 Q2-21 1H-20 1H-21 Q2-20 Q2-
Slide 8: Total customers
Overview Results review Operations review Additional information Group Results Total customers Total Customers (million) -12% +2% +1% 130.1 114.9 117.2 118.3 1H-18 1H-19 1H-20 1H-21 • Growing customer numbers in Indonesia, Oman and Iraq 8
Slide 9: Net debt
Overview Results review Operations review Additional information Group Results Net debt Net Debt (QARm) and Net Debt / EBITDA +12% 27,589 -9% 25,007 -7% 24,573 23,297 2.2 1.8 1.8 1.6 1H-18 1H-19 1H-20 1H-21 • Net Debt to EBITDA ratio 1.6x positive trend of Group Net Debt reduction continued; support
Slide 10: 2021 1H performance summary
Overview Results review Operations review Additional information Group Results 2021 1H performance summary Group Financials H1 2021 % Change 2021 Full Year (QAR bn) Actual H1 2021 / 2020 Guidance over 2020 Revenue 14.5 3% -3% to +1% EBITDA 6.4 7% -3% to +1% CAPEX 2.0 -6.4% 5bn to 6bn • 1H Revenue an
Slide 11: Contents
Contents 1 Results review 2 Operations review 3 Additional information 11
Slide 12: Qatar
Overview Results review Operations review Additional information Qatar QARm • Strong No.1 position maintained - Ooredoo’ s fixed line and mobile networks in Qatar Revenue EBITDA EBITDA Margin ranked among the fastest globally • Revenue grew by 5% yoy driven by B2B, postpaid services, Mobile Financia
Slide 13: Indonesia
Overview Results review Operations review Additional information Indonesia QARm 3,820 1,859 1,887 1,933 1,688 1,768 3,356 • Stellar performance by Indosat Ooredoo, Revenue increased by 14% outperforming the market • Strong EBITDA growth of 24% driven by operational efficiencies and strong revenue gr
Slide 14: Iraq
Overview Results review Operations review Additional information Iraq QARm Revenue EBITDA EBITDA Margin 48% 45% 47% 42% 42% 1,051 1,037 46% 43% 847 852 849 • Iraqi economy was impacted by weakening purchasing power following the 17% devaluation of the Iraqi Dinar and the effect of the COVID-19 pande
Slide 15: Oman
Overview Results review Operations review Additional information Oman QARm Revenue EBITDA EBITDA Margin • COVID-19 pandemic contributed to a softening macroeconomic environment in 54% Oman and revenues declined 5% yoy, due to lower consumer mobile prepaid 53% 54% 51% 51% 52% 52% revenue partially of
Slide 16: Kuwait
Overview Results review Operations review Additional information Kuwait QARm 648 632 609 607 1,234 1,239 578 • COVID-19 pandemic continued to put pressure on Ooredoo Kuwait’s performance • Slight increase in revenue in H1 2021 • EBITDA increased 13% due to general cost saving activities in H1 2021,
Slide 17: Algeria
Overview Results review Operations review Additional information Algeria QARm 571 570 566 1,117 551 1,114 520 • The main macroeconomic indicators in Algeria started showing early signs of recovery, despite partial home confinement measures imposed in Algeria • Revenues stood flat at QAR 1.1 billion,
Slide 18: Tunisia
Overview Results review Operations review Additional information Tunisia QARm 392 392 394 399 793 349 731 • Revenue increase of 8% compared to the same period in the previous year supported by favorable FX trends 147 179 156 162 167 314 329 • EBITDA up 5% with a healthy EBITDA margin of 41% in H1 du
Slide 19: Myanmar
Overview Results review Operations review Additional information Myanmar QARm 296 292 300 580 252 485 232 117 124 • Political developments in Myanmar including restrictions on mobile and wireless 75 73 56 58 113 broadband impacted Ooredoo Myanmar’s performance in H1 2021 • 1H 2021 Revenues declined
Slide 20: 2021 Ooredoo Capital Markets Day
2021 Ooredoo Capital Markets Day Save the date: CMD Sep 2021, in Doha (location and timing to be confirmed) More details in due course 20
Slide 21: Contents
Contents 1 Results review 2 Operations review 3 Additional information 21
Slide 22: Today's Presenters
Today’s Presenters Mr. Aziz Aluthman Fakhroo Sheikh Mohammed Al Thani Mr. Abdulla Ahmed Al-Zaman Managing Director Deputy Group CEO and Chief Executive Officer of Ooredoo Group CFO Ooredoo Group Ooredoo Qatar Ooredoo Group • Mr. Abdulla Ahmed Al-Zaman was appointed as Chief • Mr. Aziz Aluthman Fakhr
Slide 23: Today's Presenters
Today’s Presenters Sara Al Sayed Andreas Goldau, CFA Specialist, Investor Relations Senior Director, Investor Relations Ooredoo Group Ooredoo Group • Sara joined Ooredoo in 2013 and is currently working in • Andreas joined Ooredoo in 2009 and holds the role of Head of the Investor Relations team. Pr
Slide 24: Additional Information: Key Operations Importance to Group
Overview Results review Operations review Additional information Additional Information Key Operations Importance to Group Revenue (QARm) EBITDA (QARm) 6,212 6,339 5,996 6,440 15,122 14,508 14,118 14,509 1H-18 1H-19 1H-20 1H-21 % delta 1H-18 1H-19 1H-20 1H-21 % delta Qatar 1,977 2,077 1,912 1,955 2%
Slide 25: Group Operations Breakdown: CAPEX & Customers
Group Operations Breakdown Overview Results review Operations review Additional information CAPEX & Customers CAPEX Breakdown (%) Customer Breakdown (%) Others, 2% Others, 1% Myanmar, Myanmar, 12% 2% Tunisia, Qatar , 3% 6% Qatar , 15% Tunisia, 6% Algeria, 5% Algeria, 11% Kuwait, 7% Kuwait, 2% Oman,
Slide 26: Total Group Debt Breakdown
Group Operations Breakdown Overview Results review Operations review Additional information Total Group Debt Breakdown Total Group Debt (QARm) Total Group Debt Breakdown Long Term Short Term Others , 38,416 5% 7,804 31,716 Indonesia 29,083 , 15% 4,948 25,580 6,733 2,259 30,612 26,768 22,350 23,322 Q
Slide 27: Debt Profile – Ooredoo Q.P.S.C. level
Group Results Overview Results review Operations review Additional information Debt Profile – Ooredoo Q.P.S.C. level (USD m) 555 Undrawn RCF 220 500 20 1,000 20 1,000 750 390 500 500 500 20 20 70 80 2021 2022 2023 2024 2025 2026 2027 2028 2029 2031 2043 Loans (in USD m) Faciltiy Usage Rate * Maturit
Slide 28: Blended ARPU
Blended ARPU Overview Results review Operations review Additional information Qatar (QAR) Iraq (QAR) Oman (QAR) Maldives (QAR) Palestine (QAR) 23.2 23.7 22.3 23.3 23.7 50.5 50.8 54.5 50.4 20.9 21.6 22.9 113 113 19.0 45.1 44.2 59.0 59.9 59.1 60.5 62.6 62.6 19.3 105 102 101 17.8 18.2 90 Indonesia (QAR
Slide 29: Service Revenue
Service Revenue Overview Results review Operations review Additional information Service revenue (QARm) +2% +7% 13,547 13,824 6,996 6,557 1H-20 1H-21 Q2-20 Q2-21 29
Slide 30: Statutory Corporate Tax Rates
Statutory Corporate Tax Rates Overview Results review Operations review Additional information Statutory Statutory Losses LossesC/Fwd C/Fwd Markets Markets Notes Tax TaxRate Rate Allowed Allowed Algeria 26% 4 years The Tax Rate is 22% for tax years 2020 and 2021, 20% for tax year 2022 onwards Indone
Slide 31: OPCOs Licence General Information
OPCOs Licence General Information Overview Results review Operations review Additional information Fixed Licence Mobile Licence Country Issuance Date Expiry Date Issuance Date Expiry Date Qatar 7 October 2007 6 October 2032 7 October 2007 6 October 2027 13 October 1997 Kuwait -- -- Indefinite Emiri
Slide 32: Thank You
Thank You