Grameenphone Ltd. Business highlights 3 rd Quarter Rajeev Sethi, CEO

Transcription

1 Grameenphone Ltd. Business highlights 3 rd Quarter 2016 Rajeev Sethi, CEO

2 Highlights 13.8% 1.0% subscription Revenue and traffic growth revenue growth (YoY)* 55.0 Mn subscriber base** 72.1% data revenue growth (YoY) 6.6% voice revenue growth (YoY)*** *Revenues generated by own subscription (excludes interconnection) **As of September 2016 ***Voice revenue generated by own subscription (excludes interconnection) 2

3 Solid quarter with accelerated growth momentum Daily Subscription and Traffic Revenue (BDT Mn)* Double digit growth in subscription and traffic revenue Improving daily revenue generating base along with usage Higher data revenue growth momentum Subscriptions (Mn) and Market Share Healthy acquisition pace resulting in continuation of SIM market share gain Market position improved*** 42.2% 42.4% 43.0% 43.3% 43.7% Q3'15 Q4'15 Q1'16 Q2'16 **Jul'16 *Average daily revenues generated by own subscription (excludes interconnection) **Other operator sub-base upto July 2016 is published only ***Published data as of 2Q2016 for Banglalink and Robi 3

4 Moving towards digital future Introduced one stop solution of digitizing customer journeys MyGP Launched online shopping platform GP Shop Rolled out 2500 GP Express stores nationwide Encouraging adoption of digital services 5 Mn+ WowBox users 3.6 Mn+ Flexiplan users 1.7 Mn subscribers of GP Music Facilitating smart phone proliferation 4

5 Regulatory updates BTRC Audit BTRC audit commenced on 3 Aug 2016 Audit ongoing based on the agreed terms of reference Mobile Number Portability Services (MNPS) As per published roadmap, auction to award license for MNP was supposed to be held in Sep'16 Accordingly, BTRC published a list of 5 qualified applicants Lately, the auction was postponed 5

6 Grameenphone Ltd. Financial Results 3 rd Quarter 2016 Dilip Pal, CFO

7 Solid bottom line from accelerated revenue growth and controlled opex 1.0% Revenue growth 11.2% Revenue growth 56.9% EBITDA margin 2.2 Bn BDT Capex BDT 4.78 Earnings per share 7

8 Highest ever quarterly revenue with double digit growth Revenue (BDT Bn) and Growth (YoY) Subscription and Traffic Revenue Growth (YoY) * % % 10.1% % 3.4% 9.5% 6.6% 11.2% 10.7% 3.9% 5.2% 3.8% 72.1% data revenue growth 6.6% voice revenue growth Sequential 3 quarters of double digit STR growth *Revenues generated by own subscription (excludes interconnection) Normalizing one-time appeal payment related to the SIM replacement tax dispute during 3rd quarter

9 Data contributing more than 50% of incremental revenue Data Revenue (BDT Bn) and % of Service Revenue* + 6.6%* Active Data Users (Mn) and % of Sub-base** % 9.7% 10.7% % 14.2% % 27.7% % 38.3% % Healthy improvement in daily data user base along with usage 1.1 Mn user addition despite bio-metric led churn Nationwide 3G network expansion *Revenues generated by own subscription (includes interconnection) ** Minimum 150 KB usage within last 90 days 9

10 Growing minutes of usage and data volume Service ARPU, AMPU and APPM *AMBPU + 6.6%* ARPU (BDT) AMPU APPM (BDT) 8.4% ARPU growth 7.4% AMPU and 59.7% AMBPU growth * Monthly average megabyte per user 10

11 BDT 3 Bn higher revenue and controlled opex contributing to improved EBITDA Opex (BDT Bn) and Margin *EBITDA (BDT Bn) and Margin -2.0% / +7.6% YoY 1.7% -3.0% QoQ +24.6% / +15.8% YoY +10% QoQ % 35.0% 35.5% 36.6% 33.8% 34.8% % 54.4% 54.6% 55.3% 54.3% 56.9% 15.8% EBITDA growth on an underlying basis Higher opex from network expansion * EBITDA before other items Normalizing one-time appeal payment related to the SIM replacement tax dispute during 3rd quarter

12 Commitment towards providing tangible differentiated customer experience Major capex done for 3G rollout and capacity enhancement 670 2G and 228 3G sites addition during the quarter *Capex (BDT Bn) and Capex/Sales% 9.1 YTD total number of 2G and 3G sites stands at 11,419 and 10, Superior accessibility and uninterrupted voice and data service during EID % 18.3% 23.0% 20.8% 18.2% *Capex excluding license fees Capex/sales = moving average last 4 quarters 12

13 BDT 14.6 Bn OCF and Net debt/ebitda of 0.45 *OCF (BDT Bn) and OCF/Sales% + 6.6%* Net debt (BDT Bn) and Net debt/ebitda** % 37.6% 22.3% +64.3% / +48.1% +35.6% YoY QoQ % 49.5% % *OCF equals EBITDA minus Capex ** 12 months rolling EBITDA. Net Debt = Short term debt + Long term debt - Cash and Cash equivalents Normalizing one-time appeal payment related to the SIM replacement tax dispute during 3rd quarter

14 Solid earnings per share of BDT 4.78 NPAT (BDT Bn) and Margin EPS (BDT) + 6.6%* +55.7% / +24.9% YoY QoQ +55.7% / +24.9% YoY QoQ % 19.0% 20.4% 18.1% 21.9% % 24.9% earnings growth on an underlying basis Healthy NPAT margin Normalizing one-time appeal payment related to the SIM replacement tax dispute during 3rd quarter

15 Summing up Highest ever quarterly revenue with accelerated topline growth momentum Healthy growth in voice revenue driven by improved daily active user and usage Growing contribution of data revenue Higher revenue and controlled spending contributing to higher EBITDA Committed towards becoming customers favourite partner in digital life Investment to continue for strengthening network supremacy In consideration of the local regulations, Grameenphone Ltd. does not provide any forward looking statement. 15

16 Thank You