Pakistan Telecommunication Co. Ltd. Class A · PSX:PTC
Pakistan Telecommunication Co. Ltd. Class A — Q2 2022 Earnings Presentation
23 slides from Pakistan Telecommunication Co. Ltd. Class A's earnings presentation, Jul 21, 2022
Slide 1: PTCL Investor Call: Financial Results – Q2 2022
PTCL Investor Call Financial Results – Q2 2022 21st July, 2022
Slide 2: Disclaimer
Disclaimer Pakistan Telecommunications Company Limited (PTCL) and its subsidiaries have prepared this presentation in good faith, however, no warranty or representation, express or implied is made as to the adequacy, correctness, completeness or accuracy of any numbers, statements, opinions or estim
Slide 3: Business Overview
Business Overview Hatem Bamatraf President & Chief Executive Officer PTCL Group
Slide 4: PTCL Group
Consumer Business BPO SME Enterprise Solution PTCL GROUP RETAIL SERVICES Cloud & Digital Managed Connectivity Services Services MICROFINANCE BANKING • Lending & Deposits • Home remittances • Islamic banking IT solutions Security Solutions INTERNATIONAL DVCom & SmartSky
Slide 5: Key Highlights – HY1 2022
Key Highlights – HY1 2022 Top line growth of 6% with contribution from all OPCOs PTCL EBITDA of PKR 20 B Group Net loss of PKR 3.1 B Revenue increased by 5% YoY which is mainly contributed by growth of 11% in wireline data and growth of 12% in corporate & wholesale services. PTCL EBITDA of
Slide 6: Key Operational Highlights – Q2 2022
Key Operational Highlights – Q2 2022 Leading the FBB market with highest Revenue growth of 6.2% YoY despite MTR 38% revenue growth in comparison to market share (74%) and highest net adds and AIT. Normalized growth of 13.6% same period last year supported by contribution. increase in deposit b
Slide 7: Financial Highlights
Financial Highlights Nadeem Khan Chief Financial Officer PTCL Group
Slide 8: PTCL Group Key Financials – Q2 2022
PTCL Group Key Financials – Q2 2022 8% YoY growth in Revenue PKR Million Revenue EBITDA & Margin % Net Profit / Loss & Margin % +8% +11% 0% +16% -213% +65% 37,684 11,877 2,196 36,670 10,265 10,216 1,328 33,886 6% 32% 30% 4% 28% -4% -1,498 Q2 2021 Q2 2022 Q2 2022 Q2 2021 Q2 2022 Q2 2022 Q2 2021 Q2 20
Slide 9: Group – YoY Revenue Evolution Q2 2022
PTCL Group – YoY Revenue Evolution Q2 2022 8.2% increase in top line contributed by all OPCOs PKR Million % YoY Growth +8.2% 37,684 36,670 151 954 849 +11.2% 33,886 1,132 +6% +38% +6% Q2 2021 PTCL Ufone Ubank Eliminations Q2 2022 Q2 2022 Adjusted Investor Presentation Q2 2022 www.ptcl.com.pk 9
Slide 10: Group – YoY EBITDA Evolution Q2 2022
PTCL Group – YoY EBITDA Evolution Q2 2022 EBITDA remained stable despite increase in fuel and power rates and inflation PKR Million 11,877 0% +16% 10,265 10,216 140 256 2 167 30% 28% 32% -3% -4% +51% Q2 2021 PTCL Ufone Ubank Eliminations Q2 2022 Q2 2022 Adjusted YoY Growth % EBITDA Margin Investor P
Slide 11: Group – YoY Net Profit Evolution Q2 2022
PTCL Group – YoY Net Profit Evolution Q2 2022 Group’s bottom line is affected by External factors including energy price hikes, AIT imposed by GoP, PKR devaluation PKR M and interest rates -213% 2,196 1,271 +65% 1,328 4,235 3,694 143 5 -1,498 Q2 2021 PTCL Ufone Ubank Eliminations Q2 2022 Impact of Q
Slide 12: PTCL Key Financials – Q2 2022
PTCL Key Financials – Q2 2022 6% YoY growth in revenue with 63% YoY growth in net profit PKR Million Revenue EBITDA & Margin % Net Profit & Margin % +6% -3% +4% +63% 20,388 5,485 3,283 19,255 5,273 5,133 2,013 16% 10% 27% 27% 25% Q2 2021 Q2 2022 Q2 2021 Q2 2022 Q2 2022 Q2 2021 Q2 2022 Adjusted Inves
Slide 13: Growth in Fixed Broadband subscribers
Continuous improvement in customer experience and aggressive sales strategy helped growth in Fixed Broadband subscribers leading to double digit revenue growth xDSL (‘000) FTTH (‘000) FBB (‘000) +0.3% +108% +5% 1,433 1,438 146 1,584 5K 76 K 81 K 1,503 70 Q2 2021 Q2 2022 Q2 2021 Q2 2022 Q2 2021 Q2 20
Slide 14: PTCL Revenue
PTCL Revenue Wireline data and corporate & wholesale segment is main driver for revenue growth in Q2 2022 Change % Change % PKR Million Q2 2022 2022 YoY QoQ YoY Wireline Data 8,612 11% 2% 17,015 11% Wireless Data 534 -17% -7% 1,112 -12% Voice 2,258 -10% -2% 4,557 -10% Retail 11,404 5% 1% 22,684 4% C
Slide 15: PTCL – EBITDA YoY Evolution Q2 2022
PTCL – EBITDA YoY Evolution Q2 2022 PKR Million EBITDA decreased by 2.7% -3% 68 1,132 1,340 5,485 5,273 5,133 +4% 27% 25% 27% Q2 2021 Revenue Cost of Sales OPEX Q2 2022 Q2 2022 Adjusted % EBITDA Margin Investor Presentation Q2 2022 www.ptcl.com.pk 15
Slide 16: PTCL – Net Profit YoY Evolution Q2 2022
PTCL – Net Profit YoY Evolution Q2 2022 63% YoY increase in Net Profit PKR Million +63% 956 3,283 2,533 2,013 140 167 16% 10% Q2 2021 EBITDA D&A Non Operating Taxation Q2 2022 % Net Profit Margin Investor Presentation Q2 2022 www.ptcl.com.pk 16
Slide 17: Balance Sheet
PTCL Balance Sheet Balance Sheet PKR Million Dec-21 Jun-22 Property, Plant and Equipment 121,508 122,671 Long term investments 30,736 38,736 Other Non Current Assets 13,610 12,225 Non Current Assets 165,854 173,632 Trade debts 27,937 33,368 Stores and spares 5,575 8,448 Cash & Cash Equivalents 2,556
Slide 18: Cash Flow Statement
PTCL Cash Flow Statement Cash Flow Statement PKR Million Jun-21 Jun-22 Cash Flows from operating activities 13,523 5,972 Cash Flows from investing activities (9,254) (10,551) Cash Flows from financing activities (239) 4,815 Net Inc/(Dec) in Cash & Cash Equivalents 4,030 237 Opening Cash & Cash Equiv
Slide 19: Summary & Conclusion
Summary & Conclusion
Slide 20: Summary & Conclusion
Summary & Conclusion PTCL Group reported 6% YoY growth in topline, with positive contribution by all OPCOs. PTCL is out-performing the Broadband market with FTTH, and continues to grow in the business solutions segment amidst challenges in International Business segment. Ufone growth continues upwar
Slide 21: Questions & Answers
Questions & Answers
Slide 22: Investor Relations
Investor Relations PTCL Investor Relations Email: amir.siddiqi@ptclgroup.com
Slide 23: Thank You
THANK YOU
Pakistan Telecommunication Company — Q2 2022 Earnings Presentation on 6ix