Mobile Telecommunications Company K.S.C.P · KSE:ZAIN
Mobile Telecommunications Company K.S.C.P — Zain — Q1 2011 Earnings Presentation
26 slides from Mobile Telecommunications Company K.S.C.P's earnings presentation, 2011
Slide 1: Investor Presentation Q1-2011
Investor Presentation Q1-2011 A wonderful world
Slide 2: Disclaimer
Zain Disclaimer Certain expectations and projections regarding future performance of the company referenced in this presentation may be “forward-looking” statements within the meaning of applicable securities laws and regulations. These are statements which the management believes are true at the ti
Slide 3: To Consolidate its Position in the Middle East
To Consolidate its Position in the Middle East Who we are now • Zain is an emerging telecoms player operating in 7 countries in the Middle East, serving over 37.6 million active customers • The company is the leading mobile telecom operator in 5 of its markets • Revenues: US$ 1,162.8 million; EBITDA
Slide 4: Zain's Historical Growth
Zain’s Historical Growth From a National Player to an Emerging Markets Leader * MTC Atheer & Iraqna jointly operate under the Zain brand 4 | Zain | IR Presentation Q1 – 2011
Slide 5: Zain Group's Footprint
Zain Group’s Footprint 5 | Zain | IR Presentation Q1 – 2011 % reflects ownership
Slide 6: Zain's Key Performance Indicators
Zain’s Key Performance Indicators 6 | Zain | IR Presentation Q1 - 2011
Slide 7: Penetration Rates
Penetration Rates Substantial Potential for Future Growth 7 | Zain | IR Presentation Q1 – 2011 Source: Informa
Slide 8: Top Companies in Middle East
Top 10 Companies in Middle East Market Cap (Billion) SABIC $89.4 Al Rajhi Bank $30.9 Qatar National… $23.6 Etisalat $22.3 Qatar Industries $22.2 STC $19.6 Zain $18.9 NBK $17.8 Ezdan $16.9 Saudi Electricity $15.4 $0.0 $17.5 $35.0 $52.5 $70.0 As of May 1, 2011 Source: Reuters 8 | Zain | IR Presentatio
Slide 9: Top Telecom Companies in Middle East & Africa
Top Telecom Companies in Middle East & Africa Market Cap (Billion) MTN $40.3 Etisalat $22.3 STC $19.6 Zain $18.9 Maroc Telecom $18.0 Vodacom $17.7 Millicom $11.7 Mobily $10.0 Qtel $7.7 Orascom $3.7 Zain KSA $2.7 $0.0 $7.5 $15.0 $22.5 $30.0 As of May 1, 2011 Source: Reuters 9 | Zain | IR Presentation
Slide 10: Zain's Mobile Operations
Zain’s Mobile Operations 9 | Zain Limited © |
Slide 11: Zain Group Country Breakdown Q1-2011
Zain Group Country Breakdown Q1-2011 Zain Group Customers Zain Group Revenues 11 | Zain | IR Presentation Q1 - 2011
Slide 12: Zain Group Customer Growth Q1-2011 vs. Q1-2010
Zain Group Customer Growth Q1-2011 vs. Q1-2010 Group Customer Growth: +20% 156 12 | Zain | IR Presentation Q1 - 2011
Slide 13: Blended ARPUs
Blended ARPUs March 31, 2011 US$ 13 | Zain | IR Presentation Q1 - 2011 Note: Lebanon’s ARPU not included due to Management Contract
Slide 14: EBITDA Margins Q1-2011
EBITDA Margins Q1-2011 Q1-2011 Q1-2010 Group EBITDA Margin: 46% 14 | Zain | IR Presentation Q1 - 2011
Slide 15: Kuwait
. Kuwait Contribution to Group total - Population: 2.5% Customers: 5% Revenues: 26% - Customer YoY Growth: 0.4% • Zain Kuwait, the Group’s flagship stayed ahead of its competitors and was able to maintain its leading position with a 43% customer market share. • New postpaid data packages were introd
Slide 16: Sudan
Sudan Contribution to Group total - Population: 37% Customers: 28% Revenues: 24% - Customer YoY Growth: 21% • Zain entered Sudan through its 2005 acquisition of Celtel which had a minority 31% stake in Mobitel, Sudan’s first mobile operator. In February 2006, the remaining 61% was fully acquired by
Slide 17: Iraq
Iraq Contribution to Group total - Population: 27% Customers: 32% Revenues: 33% - Customer YoY Growth: 14% • After acquiring a 15-year nationwide license for US$ 1.25 billion in August 2007 and its acquisition of a rival operator Iraqna for US$1.2 billion in December 2007, Zain became the largest mo
Slide 18: Jordan
Jordan Contribution to Group Total - Population: 5.5% Customers: 7% Revenues: 10% Customer YoY Growth: (0.5%) • In January 2003, Zain Jordan was the Group’s first acquired operation for a value of US$ 418.9 million. • Despite the heightening of price competition and the pressure on lowering voice pr
Slide 19: Bahrain
Bahrain Contribution to Group Total - Population: 1% Customers: 1% Revenues: 5% - Customer YoY Growth: (26%) • A Greenfield operation, Zain Bahrain launched its commercial services in December 2003. • Bahrain has the highest mobile penetration in the GCC region with 181%. • Despite the entrant of th
Slide 20: Kingdom of Saudi Arabia
Kingdom of Saudi Arabia Contribution to Group Total - Population: 23% Customers: 22% - Customer YoY Growth: 50% • Zain KSA launched commercial services in late August 2008, a year after it was rewarded its mobile license. • The operation’s customer base represented 22% of Zain Group’s customer base,
Slide 21: Lebanon
Lebanon Contribution to Group Total - Population: 4% Customers: 4% Revenues: 2% - Customer YoY Growth: 19% • Zain operates in Lebanon under a management contract since June 2004, when it was rebranded to mtc-touch. The Network Management Agreement (NMA) which had expired January 2011, was further re
Slide 22: Financial Performance Financial Statements
Financial Performance Financial Statements 22 | Zain | IR Presentation H1-2010
Slide 23: Balance Sheet
Balance Sheet 31-Mar 2011 31-Mar 2010 31-Mar 2011 31-Mar 2010 LIABILITIES AND EQUITY KD ’000 KD ’000 Assets KD ’000 KD ’000 Current liabilities Trade and other payables 577,733 383,695 Current assets Due to banks 230,454 352,745 Cash and bank balances 1,048,111 165,854 808,187 736,440 Trade and othe
Slide 24: Income Statement
Income Statement 31-Mar 2011 31-Mar 2010 31-Mar 2011 31-Mar 2010 (Restated) (Restated) KD ’000 KD ’000 Attributable to: KD ’000 KD ’000 Continuing operations Shareholders of the Parent Company 69,915 51,542 Revenue 324,378 329,674 Non-controlling interests 7,543 2,887 Cost of sales (86,534) (85,193)
Slide 25: Cash Flow Statement
Cash Flow Statement 31-Mar 2011 31-Mar 2010 31-Mar 2011 31-Mar 2010 (Restated) (Restated) Cash flows from investing activities KD ’000 KD ’000 Cash flows from operating activities KD ’000 KD ’000 Purchase of investments (712) - Profit for the period before income tax of continuing and discontinued P
Slide 26: Thank you
Thank you For more information please contact Investor Relation Team at: [email protected] A wonderful world