Mtn Group Limited · JSE:MTN
Mtn — Q3 2024 Earnings Presentation
15 slides from Mtn's earnings presentation, November 2024
Slide 1: MTN Group Limited Quarterly update
MTN Group Limited Quarterly update for the period ended 30 September 2024
Slide 2: Disclaimer
Disclaimer The information contained in this document (presentation) has not been verified independently. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained
Slide 3: Agenda
Agenda 01 Operational Overview 01 Financial Overview 03 Conclusion 3
Slide 4: Operational overview
01 Operational overview Ralph Mupita Group President and CEO 4
Slide 5: Q3 24 key messages
Operational Overview Financial Overview Conclusion Q3 24 key messages 1 Solid overall commercial momentum in the core connectivity business 2 Strong fintech result, underpinned by robust advanced services growth 3 Good execution on strategic priorities 4 Balance sheet resilience | Cash upstreaming a
Slide 6: Solid operational execution and performance
Operational Overview Financial Overview Conclusion Solid operational execution and performance Service revenue +12.9%* | Data revenue +21.3%* | Fintech revenue +28.9%* Subscribers^ (m) Active data subscribers (m) Data traffic (PB) 1.6% YoY 7.4% YoY 34.1% YoY 14 141 288 288 288 153 150 149 4 360 4 69
Slide 7: Financial overview
02 Financial overview Tsholofelo Molefe Group CFO 7
Slide 8: Highlights | Group service revenue and EBITDA margin
Operational Overview Financial Overview Conclusion Highlights | Group service revenue and EBITDA margin Resilient topline performance, +14.0%* ex-MTN Sudan | Underpinned by structural demand | Improved margin performance Constant currency Service revenue Data revenue Fintech revenue EBITDA margin 40
Slide 9: Highlights | MTN SA and MTN Nigeria
Operational Overview Financial Overview Conclusion Highlights | MTN SA and MTN Nigeria MTN SA performance solid in challenging conditions | Strong underlying momentum in MTN Nigeria Constant currency MTN SA MTN Nigeria Service revenue EBITDA margin Service revenue EBITDA margin 51.4% 36.4% 36.3% 35.
Slide 10: Highlights | Markets
Operational Overview Financial Overview Conclusion Highlights | Markets Markets portfolio delivered robust overall results, with strong growth from MTN Uganda and MTN Ghana Constant currency SEA MTN Uganda WECA MTN Ghana Service revenue Service revenue Service revenue Service revenue 32.4% 33.4% 31.
Slide 11: Highlights | Financial profile
Operational Overview Financial Overview Conclusion Highlights | Financial profile Continued network investments | Maintained balance sheet strength / flexibility | Good upstreaming with additional R2.3bn in localization proceeds Capex (ex-leases) Group Net debt/EBITDA 0.8x R(bn) Capex intensity 26.2
Slide 12: Conclusion
03 Conclusion Ralph Mupita Group President and CEO 12
Slide 13: Outlook & priorities
Operational overview Financial overview Conclusion Outlook & priorities We reiterate our focus on sustaining execution momentum Easing macro trends Accelerate Maintain fintech growth Sustain financial flexibility commercial momentum • Inflation trends abating • MTN SA outlook underpinned • Continue
Slide 14: Medium-term guidance maintained
Operational review Financial review Conclusion Medium-term guidance maintained Supported by a disciplined capital allocation framework KPI Target Group: ‘at least mid-teens’ South Africa: ‘mid-single-digit’ Service revenue growth Nigeria: ‘high-20% to low-30%’^ Fintech: ‘high-20% to low-30%’ Holdco
Slide 15: Thank you
Thank you Contact: Thato Motlanthe Investor.Relations@mtn.com 15