Etihad Etisalat Co. · TADAWUL:7020
Etihad Etisalat — Q3 2024 Earnings Presentation
19 slides from Etihad Etisalat's earnings presentation, 2024
Slide 1: Earnings Presentation
Classification: Mobily TOP SECRET Earnings Presentation TOP SECRET
Slide 2: Disclaimer
Disclaimer This document has been prepared by Mobily (the “Company”) solely for presentation purposes. The information contained in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairne
Slide 3: Agenda
01 Saudi Regulatory and Telecom Environment 05 Financial Performance Highlights 02 9M-24 in Review 06 Key Financial Highlights 03 Strategy 2023+ 07 FY-24 Performance Guidance 04 Operational Performance Highlights 08 APPENDIX: Sustainability at Mobily Earnings Presentation | Q3 2024
Slide 4: Saudi Regulatory and Telecom Environment
1.7% 1.5% 1.6% 1.5% 1.7% KSA median download speeds2 KSA annual inflation 1 1.7% 120.74 Mbps 112.45 Mbps Mobile Fixed broadband 30-Sep-23 31-Dec-23 31-Mar-24 30-June-24 30-Sep-24 Mobily achieved a strong speed in KSA for Q3-24 Mobily achieved the lowest latency in KSA for Q1-233 3M SAIBOR 6M SAIBOR
Slide 5: 9M-24 in Review
FEB 4: Mobily Business is the “Digital Partner” in World Defense Show 2024 FEB 7: Mobily signed an interconnection agreement with China Mobile International APR 29: Mobily won three Limited at the Capacity Middle East conference customer experience awards at JUN 13: Mobily is ranked among top 5 the
Slide 6: Strategy 2023+: Evolve into the TMT company of the future
Expand 5G rollout and Increase market share network coverage Evolve into the Ensure commitment to Achieve total TMT company of achieve ESG performance experience leadership excellence the future Transform the business to Repositioning to be a address new opportunities leader in new trends in the TMT
Slide 7: Operational Performance Highlights by Segment
Business Consumer Wholesale and Carrier services ▪ Positioned as a leading ICT ▪ Launched Postpaid X- ▪ Signed a new agreement to player in KSA by developing Stream, the only package in onboard Red Bull Mobile as an internal capabilities, expanding the market offering free MVNO, expanding our servic
Slide 8: Financial Performance Highlights
Revenues Net Income EBITDA CAPEX SAR 4,499 SAR 829 SAR 1,846 SAR 471 Strong achievements in our financial KPI’s: ▪ Achieved notable revenue growth, supported by growth across all revenue streams ▪ Delivered strong EBITDA level, reflecting continued revenue growth ▪ Attained impressive net income gro
Slide 9: Revenues increased 9.3% YoY to SAR 4,499 million
+9.3% +0.7% +8.5% 4,545 4,499 13,509 4,465 4,306 12,456 4,118 Revenues increased 9.3% YoY and 0.7% QoQ to SAR 4,499 million: 2,932 2,829 8,599 2,847 2,838 8,233 ▪ All revenue streams contributed to the YoY growth, with the 2,678 Business segment leading the way and also driving the QoQ growth Revenu
Slide 10: Mobile and FTTH Subscribers
Mobile Subscribers FTTH Subscribers (In Million) (In Million) +0.4% -5.0% +1.5% -3.7% 11.8 12.3 12.2 0.293 0.298 0.298 11.5 11.7 0.282 0.283 1.9 1.9 1.9 Postpaid 1.9 1.9 Prepaid 9.7 9.9 10.4 10.2 9.8 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Mobile subscribers i
Slide 11: EBITDA and EBITDA Margin
(SAR Million) +15.4% +11.9% +8.2% 1,867 1,846 5,148 4,758 1,600 1,651 1,650 EBITDA increased 15.4% YoY and 11.9% QoQ at SAR 1,846 million: ▪ Top line growth supported the YoY improvement in EBITDA 43.3% ▪ Resilient EBITDA Margin level at 41.0% reflecting operational 41.0% 38.1% 38.9% 37.0% 38.2% eff
Slide 12: CAPEX and CAPEX-to-revenues
CAPEX and CAPEX-to-revenues % (SAR Million) +13.9% 2,318 949 1,080 CAPEX in 9M-24 increased by 13.9% YoY to SAR 1,080 million: 609 13.8% ▪ Allocated investments to advance connectivity through 223 acceleration of 5G network, IoT infrastructure, data centers and submarine cables 8.0% 7.6% 6.8% ▪ CAPE
Slide 13: Free Cash Flow (EBITDA – CAPEX)
Free Cash Flow (EBITDA – CAPEX) (SAR Million) +12.2% +8.8% +6.8% 1,428 4,068 1,375 3,809 1,225 1,264 Free Cash Flow grew by 12.2% YoY and 8.8% QoQ due to the growth in EBITDA 9M-24 Free Cash Flow increased by 6.8% to reach SAR 4,068 million. 497 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 9M 2023 9M 202
Slide 14: Gross Debt, Net Debt and Net Debt/EBITDA
Gross Debt Net Debt and Net Debt/EBITDA (SAR Million) (SAR Million) -18.4% -2.3% -21.9% +0.8% 11,839 11,701 8,813 7,918 6,755 6,830 6,884 10,006 9,891 9,659 1.35x 1.20x 1.01x 1.01x 0.98x 9M 2023 12M 2023 3M 2024 6M 2024 9M 2024 9M 2023 12M 2023 3M 2024 6M 2024 9M 2024 Net Debt/EBITDA ▪ Gross Debt de
Slide 15: Net Income
Net Income (SAR Million) +58.2% +25.4% +43.1% 829 2,127 746 661 ▪ Net Income increased by 58.2% YoY and 25.4% QoQ to 638 1,486 reach SAR 829 million, reflecting higher revenue and 524 operational excellence ▪ Net Income grew by 43.1% in 9M-24, reaching SAR 2,127 million Q3 2023 Q4 2023 Q1 2024 Q2 20
Slide 16: 9M-24 Actual vs FY-24 Guidance
9M-24 Actual FY-24 Guidance Mid- to high- single 8.5% Revenue Growth digit growth 38.1% EBITDA Margin 37-38% 0.98x Net Debt/EBITDA 1.1x 8.0% CAPEX Intensity 14-16% Earnings Presentation | Q3 2024
Slide 17: Q&A
Q&A Earnings Presentation | Q3 2024
Slide 18: Sustainability at Mobily
Saudi Vision Saudi ICT Saudi Green UN Global Global Reporting SDG’s 2030 Strategy 2023 Initiative Compact Initiative Upgraded to ‘AA’ in Launched Mobily Launched Mobily’s +59,000 hours of Sponsored MSCI ESG Index – Recycling Initiative new ‘RISILIENT’ structured employee Monsha’at’s highest-rated to
Slide 19: Thank you
Etihad Etisalat Investor Relations Thank you Mobily IR Webpage Mobily IR App Mobily Investor Mobily Investor Relations Webpage Relations Application E-mail [email protected]
Etihad Etisalat Co. (Mobily) — Q3 2024 Earnings Presentation on 6ix