Vodafone Qatar Qsc · QSE:VFQS
Vodafone Qatar Qsc — Vodafone Qatar P.Q.S.C. — Q1 FY25 Earnings Presentation
21 slides from Vodafone Qatar Qsc's earnings presentation, Apr 22, 2025
Slide 1: Vodafone Qatar P.Q.S.C. Investor Presentation
Vodafone Qatar P.Q.S.C. Investor Presentation Financial Performance: Three months period ended 31 March 2025
Slide 2: Disclaimer
Disclaimer • The following presentation is made only to, and is directed only at, persons to whom such a presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. • This presentation may
Slide 3: Performance Highlights
Performance Highlights Hamad Al-Thani Chief Executive Officer
Slide 4: Key Messages
Key Messages • Total Revenue QR 855m (+6.1% YoY) FY25 Q1 Financial performance • Net Profit QR 162m (+8.1% YoY) • Series of moves responding to the needs Enhanced customer experience • Launched an engaging, points-based Loyalty Program to reward our customers • >41% of Revenue is now coming outside
Slide 5: Launch of Loyalty Program iPoints
Launch of Loyalty Program ⋮ iPoints Benefits with Vodafone and trusted Easy enrollment to customers Reward every spend and a way to tier up Partners • Any Vodafone customers can join through My • Once enrolled, customers earn points on any • Customers will be able to use their gained Vodafone App th
Slide 6: Financial Performance
Financial Performance Masroor Anjum Chief Financial Officer
Slide 7: Key Highlights
Key Highlights • 6.1% increase in Total Revenue Topline Growth Continues • Growth across all segments • 21.9% OPEX intensity Focus on Cost Efficiency • 1.6 ppts improvement • 6.1% growth in EBITDA Continuing Profitability Growth • 8.1% increase in Net profits • 22.3% increase in free cash flows Robu
Slide 8: FY25 Q1 Year on Year: Persistent Topline and Profitability Growth
FY25 Q1 Year on Year ⋮ Persistent Topline and Profitability Growth Revenue Expenses EBITDA Net Profit +6.1% +6.0% +6.1% +8.1% • Total revenue grew QR 49m (+6.1%) 855 497 358 162 with growth across all core revenue 806 469 338 134 150 segments 103 +2.5% • Expenses higher primarily due to 310 growth i
Slide 9: Service Revenue: Continuous growth across all segments
Service Revenue ⋮ Continuous growth across all segments Postpaid Prepaid Managed services, wholesale & Fixed Total service revenue +0.9% +2.5% +4.4% +3.2% 327 327 330 147 721 317 254 704 687 137 138 243 134 134 225 611 279 534 148 118 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23
Slide 10: Margin Trends: Enhancing cost efficiency and profitability margins
Margin Trends ⋮ Enhancing cost efficiency and profitability margins Underlying Underlying margin* Underlying OPEX Reported EBITDA Reported excl. World Cup & one-offs Net Profit Reported Intensity Margin Reported Margin Margin +2.5ppts +0.6ppts 24.7% 24.5% 48.3% 18.8% 19.0% 45.8% 18.4% 24.1% 17.4% -1
Slide 11: Capital Expenditure: Investments driving profitable growth
Capital Expenditure ⋮ Investments driving profitable growth Capital expenditure (CAPEX) Return on Capital Employed and Return on Equity +5.5 ppts +0.7 ppts 21.5% 16.1% 17.7% 13.8% 12.7% 5.0% 12.0% 660 11.1% 11.9% 10.7% 11.7% 10.7% 550 550 9.8% 441 408 524 7.2% 359 415 110 43 6.7% 49 26 26 FY21 FY22
Slide 12: FY25 Q1 Year on Year: Generating strong cash flows
FY25 Q1 Year on Year ⋮ Generating strong cash flows Free Cash flow 1 Net Debt 2 Net Debt to EBITDA 3 +22.3% -11.9% • Operating cash flow increased 22% -0.08x 282 579 reflecting strong collections and 0.44x working capital optimization 231 510 0.37x initiatives • Despite higher dividend pay-out for F
Slide 13: FY25 Q1 Year on Year: Statutory results summary
FY25 Q1 Year on Year ⋮ Statutory results summary QR millions (unless otherwise stated) 31 Mar 25 31 Mar 24 * YoY • Total revenue grew QR 49m (+6.1%) driven Consumer revenue 461 446 15 by growth across all segments Enterprise, equipment and other revenues 394 360 34 Total revenue 855 806 49 • Direct
Slide 14: Key Financial Performance Indicators
Key Financial Performance Indicators Service Revenue Total Revenue EBITDA Net Profit 855 162 CAGR CAGR 358 +7.8% 721 CAGR +9.9% +11.2% CAGR 704 150 +25.2% 806 338 687 776 133 320 731 301 107 611 534 585 234 66 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23
Slide 15: FY25 Guidance
FY25 Guidance FY24 FY25 Financial KPIs Results Guidance Total revenue QR 3,190m = / > 4% YoY EBITDA Margin U/L 41.8% ~ 42% Net Profit U/L QR 585m + 8% - 10% YoY CAPEX intensity 13.8% 13% - 14.5% Q1 FY25 Financial Performance 22 April 2025 15
Slide 16: Q&A
Q&A
Slide 17: For more information visit our website
For more information visit our website: www.vodafone.qa/en/investor-relations Or email us: InvestorRelationsQatar@vodafone.qa
Slide 18: Consolidated Statement of Income
Consolidated Statement of Income Three months ended QR m (unless otherwise stated) 31 Mar 25 31 Mar 24 YoY Revenues 855 806 49 • Total revenue grew QR 49m (+6.1%) driven by growth by Interconnection and other direct expenses (302) (269) (33) growth across all core segments Network and other operatio
Slide 19: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position QR m (unless otherwise stated) 31 Mar 25 31 Dec 24 Var Assets Property, plant and equipment 1,902 1,958 (56) • Property, plant & equipment and intangible assets decreased by Intangible assets 3,853 3,895 (42) QR 99m due to depreciation and amortization of
Slide 20: Mobility Subscribers
Mobility Subscribers Postpaid Prepaid Total Mobility +1.4% +0.5% +0.7% 569 569 1,545 1,547 1,554 2,114 2,108 2,123 1,517 2,075 2,067 1,511 561 557 556 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 Q1 FY25 Financial Performance
Slide 21: Mobility ARPU
Mobility ARPU Postpaid Prepaid Total Mobility +1.6% +4.4% +2.6% 193.3 195.2 196.9 194.3 30.0 29.5 73.2 74.6 73.4 191.3 28.8 71.5 72.7 28.2 27.9 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 Q1 FY25 Financial Performance ARPU i
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