Emirates Integrated Telecommunications Company Pjsc · DFM:DU
Emirates Integrated Telecommunications Company Pjsc — FY2018 Earnings Presentation
12 slides from Emirates Integrated Telecommunications Company Pjsc's earnings presentation, Feb 20, 2019
Slide 1: FY 2018 Results
FY 2018 Results Emirates Integrated Telecommunications Company PJSC 20 February 2019
Slide 2: 2018: Key Highlights
2018 : Key Highlights • Revenues up 3.2% to AED 13.41 billion in 2018 compared to last year, attributed to solid growth in fixed revenues & other revenues. • Healthy increase in fixed line revenue by 9.1% in 2018 compared to last year. Fixed line subscriber base increased 3.9% in 2018, compared to l
Slide 3: FY 2018: Revenue Performance
FY 2018 : Revenue Performance Total Revenue (AED Mn.) Segment Contributions (AED Mn.) Mobile Revenues Fixed Revenues Other Revenues +3.2% -1.8% +9.1% +9.5% 13,004 13,414 7,233 7,104 2,349 3,961 2,154 3,617 FY 17 FY 18 FY 17 FY 18 FY 17 FY 18 FY 17 FY 18 • Revenue growth largely supported by fixed li
Slide 4: FY 2018: Profitability
FY 2018 : Profitability EBITDA (AED Mn.) Net Profit after Royalty (AED Mn.) One-Off Benefits +5.6% +2.4% 5,491 -4.5% 1,753 1,712 +2.3% 119 169 5,200 • In Q1 2018 EITC recorded a one-off reversal related to regulatory costs, which positively impacted company profitability for the year. • Excluding th
Slide 5: FY 2018: Capex and Free Cash Flow
FY 2018 : Capex and Free Cash Flow Capital Expenditure (AED Mn.) Free Cash Flow (AED Mn.) FCF Before Royalty -35.2% +16.9% • FCF increased as a result of greater profitability and decreased capital expenditure in 3,964 2018 compared to the previous 3,390 year. FY 17 FY 18 FCF After Royalty 1,585 +48
Slide 6: FY 2018: Subscribers and ARPU
FY 2018 : Subscribers and ARPU Subscribers (In ‘000) Mobile ARPU (In AED) YTD 17 YTD 18 Mobile ( ‘000) +1.3% -1.9% -4.3% • Mobile subscriber base declined by 4.3% compared 9,042 to previous year as we 8,249 8,870 7,894 continued our focus on value rather than volume. This is evident in our ARPU grow
Slide 7: Q4 2018: Revenue Performance
Q4 2018 : Revenue Performance Total Revenue (AED Mn.) Segment Contributions (AED Mn.) -1.5% Mobile Revenues Fixed Revenues Other Revenues -6.3% -0.7% +12.7% 3,452 3,401 1,820 1,076 1,068 1,706 627 556 Q4-17 Q4-18 Q4-17 Q4-18 Q4-17 Q4-18 Q4-17 Q4-18 • Total revenue decline was mainly due to a decreas
Slide 8: Q4 2018: Profitability
Q4 2018 : Profitability EBITDA (AED Mn.) Net Profit after Royalty (AED Mn.) -2.6% -18.3% • EBITDA decreased by 2.6%, mainly driven by lower revenues. • Net profit decreased by 18.3% compared to Q4 2017 mainly due to lower EBITDA as well as cost related to asset write-off in Q4 2018. 1,294 1,260 425
Slide 9: Q4 2018: Capex and Free Cash Flow
Q4 2018 : Capex and Free Cash Flow Capital Expenditure (AED Mn.) Free Cash Flow (AED Mn.) FCF Before Royalty +7.1% -14.9% 1,149 In Q4 2018, FCF before royalty 978 decreased by 14.9% compared to same period last year due to higher capital expenditure and lower EBITDA. Q4-17 Q4-18 FCF After Royalty 58
Slide 10: Q4 2018: Subscribers and ARPU
Q4 2018 : Subscribers and ARPU Subscribers (In ‘000) Mobile ARPU (In AED) Q4-17 Q4-18 Mobile ( ‘000) -1.9% +1.3% -4.3% • Mobile subscriber base declined by 4.3% in Q4 8,249 9,042 8,870 2018 compared to the 7,894 same period last year as we continued our focus on value rather than volume. This is evi
Slide 11: Market overview: market share consolidation
Market overview Market share consolidation – sustain competitiveness in the market UAE Mobile Subscribers - Market share quarterly evolution UAE Telecom Market – Revenue share quarterly evolution 80.0% 60.0% 54.9% 70.0% 69.9% 50.0% 60.0% 45.1% 40.0% 50.0% 40.0% 30.0% * 30.0% 30.1% 20.0% 20.0% 10.0%
Slide 12: Thank You
Thank You 12
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