Highlights for the full year 2014:

Similar documents
Q Results. Emirates Integrated Telecommunications Company PJSC May 2014

Ooredoo Q.P.S.C. Ooredoo Group reports QAR 7.8 bn in Revenue for Q Group customer base up 1% to reach more than 150 million

Ooredoo Q.P.S.C. Ooredoo Group announced Revenue of QAR 23 billion for 9M 2018

Verizon builds on 2Q momentum with strong 3Q results

CONSOLIDATED RESULTS FOR Q1 2012

Cincinnati Bell Inc. March 4, 2013

FOURTH QUARTER January 26, 2017 Tele2 AB

Hutchison Telecommunications Hong Kong Holdings Limited Reports 2010 Annual Results

For personal use only

in the operating segments.

Verizon closes 2017 with strong wireless customer growth and retention, well-positioned in new markets

The Q results conference call 21 February 2018 at 11:00 CET

UBS 42 nd Annual Global Media and Communications Conference December 8, Leigh Fox, CFO

DNA Plc January-March 2018 Interim Report

DIGI.COM MANAGEMENT DISCUSSION AND ANALYSIS Q2 2013

4 TH. 4Q13 Earnings Conference Call January 28, AT&T Investor Update

Telecom Egypt Announces Second Quarter 2013 Consolidated Results

On track in the first quarter of 2018 growth in broadband, inone and TV

92% Industry-leading 4G LTE population coverage with consistent 4G download speeds

Corporate Presentation

MANAGEMENT DISCUSSION AND ANALYSIS FY 2012 MD&A

Vonage Digital Phone Service 2010 Annual Report

2018 Interim Results Announcement

President & COO China Telecom Corporation Limited 23 March 2011

FIRST QUARTER April 24, 2017 Tele2 AB

O2 Czech Republic. Quarterly Results January September th November 2014

SingTel reports strong 19% growth in underlying net profit

Invest Malaysia Sustainable value creation through internet growth


Ooredoo Q.S.C. Ooredoo Group Q Reported Revenue of QAR 7.9bn Group Customer Numbers increased by 6% to 118 million

For the 12 Months Change Ended Dec 31. Ended Dec 31 % , , ,017 3, , , ,

MD&A. Growing Subscribers with Slightly Decreasing ARPU CONTENTS

Sify reports revenues of INR 3160 million for Q2 of FY

The Q results conference call 26 October 2017 at 14:00 CET

2016 Summary Annual Report and Annual Meeting Documents

Verizon Reports Sustained Revenue Growth and Continued Strong Cash Flows for 4Q and Full-Year 2008

Financial Results Presentation Q1 FY15: Quarter ended 30 June August 2014 Chua Sock Koong Group CEO

THIRD QUARTER October 20, 2016 Tele2 AB

FY16 Results Presentation. 24 January 2017

RELIANCE COMMUNICATIONS (RCOM) ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER (Q4) ENDED MARCH 31, 2013 Q4 REVENUE AT RS. 5,956 CRORE, UP 12.

The following table sets out major indicators of our business development in 2001, 2002 and 2003.

DNA Plc January-June 2018 Half Year Financial Report

GALAXY ENTERTAINMENT GROUP SELECTED UNAUDITED Q FINANCIAL DATA

Opportunity Day 2Q13 INTOUCH Performance

Medium Term Business Strategy FY3/ FY3/2015. Draft

Results 4Q 2014 / 6 February 2015

EE 2012 Results 19 TH FEBRUARY Olaf Swantee, CEO. Neal Milsom, CFO

SAFARICOM LIMITED ANNOUNCES AUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 2016.

FY3/2012 FY3/ FY3/2015 FY3/2015

Annual General Meeting.

MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ASX IPO NOW LIVE. Key Points

Vodacom Group Limited trading statement for the quarter ended 30 June Customers up 21.5% to 17.7 million, adding in the quarter

The Q results conference call 27 July 2017 at 14:00 CET

PLDT POSTS SHARP INCREASE IN PROFIT AND REVENUES FOR FIRST HALF 2001 Cellular Subscribers Double to 5 Million; Fixed Line Subscribers Exceed 2 Million

Quarterly Bulletin - 1Q17 True Corporation PLC. Executive Summary:

China Telecom Corporation Limited 2 June 2008

TeleChoice registered revenue increase of 36% and PBT growth of 41% in 4Q07 compared to 3Q07

Germany - Telecoms, Mobile, Broadband and Digital Media - Statistics and Analyses. German telecom sector ambitious for gigabit society by 2025

First-quarter revenues up 6.6% year on year

Cincinnati Bell Third Quarter 2011 Results. November 3, 2011

Singtel s Q3 revenue lifted by Australia and digital businesses

O2 Czech Republic. Quarterly Results January June st August 2014

Financial Results for the Fiscal Year Ended March 2015

Columbus delivers 52% growth in revenue

DIGI.COM MANAGEMENT DISCUSSION AND ANALYSIS 2Q 2014

Verizon announces CEO succession plan

Verizon Reports Revenue Growth and Continued Improvement in Cash Flow in 2Q

DNA Plc January-September 2018 Interim Report

4Q 2017 Results Conference Call

GLOBE TELECOM INC. Annual Stockholders Meeting The Ballroom 2, Fairmont Makati 16 April 2013

Nera Telecommunications Ltd. Co. Reg. No R 109 Defu Lane 10, Singapore Tel: (65) Fax: (65) Website:

Pasi Lehmus. Elisa Corporation Investor Day, February 2005

2015 SHAREHOLDER UPDATE

Gary Bhomer. Director, Telstra Wholesale

Revenue and earnings increase

O2 compensated pressure on traditional services profitability and European roaming regulation impact by proposition of new services

Analyst Conference 4Q12

Australia - Telco Company Profiles - 2nd Tier

CITIC 1616 Holdings Limited 中信 1616 集團有限公司 (Stock Code: 1883) Annual Results Announcement for the year ended 31 December March 2009

MARKET OBSERVATORY : THE TELECOMMUNICATIONS SERVICES MARKET IN FRANCE AT THE FOURTH QUARTER 2004 (declared operators) May 2005

Sigve Brekke CEO Telenor Group DNB TMT conference, 29 August 2018

A STRONG QUARTER FOR CORPORATE AND CONSUMER SECURITY. Samu Konttinen, CEO Interim Results Q1 2017

Driving Canada s digital future

Morgan Stanley 11th Annual Technology Media & Telecoms Conference

O2 Czech Republic. Quarterly Results January March th April 2016

THE FRENCH TELECOMMUNICATIONS SERVICES MARKET 4 th QUARTER 2002 (Licensed operators) June 2003

DNA Plc Building a digital society. SEB Nordic Seminar 2019, Copenhagen Jukka Leinonen, CEO, DNA Plc

Keep Growing Interim Results Presentation. 25 July 2018

Cincinnati Bell Jeffries & Company 2007 Communications Conference Brian Ross, CFO

YEAR-END 201O BROADBAND AND IPTV REPORT HIGHLIGHTS: GLOBAL BROADBAND PENETRATION IS THE CRITICAL DRIVER BEHIND BROADBAND FORUM s IPv6 SOLUTIONS

Orange Polska reports in 1Q 2016 continuation of outstanding commercial momentum in mobile post-paid and financial results in line with expectations

Annual Results China Telecom Corporation Limited 22 March 2011

MD&A. Operational Summary MANAGEMENT DISCUSSION AND ANALYSIS FIRST QUARTER 2016

Opportunity Day 28 February 2012

EE INTERIM 2013 RESULTS

Globe Telecom Inc. Annual Stockholders Meeting. April 13, 2016 Fairmont Makati

Tuesday, July 26 th, st HALF RESULTS

3Q17 Results Presentation. 16 October 2017

Investor Day May 2016

Transcription:

Du Delivers Another Year of Solid Performance in 2014 Full Year Results Emirates Integrated Telecommunications Company PJSC ( du ) publishes Full Year Results for 2014 Revenues for 2014 of AED 12.2 billion a 13.3% increase on 2013 Annual dividend payment of AED 0.32 for full year 2014 confirmed Dubai, 19 February 2015 Emirates Integrated Telecommunications Company PJSC ( du ) today announced its financial results for the full year and the fourth quarter of 2014 highlighting further growth across all key indicators. Due to a continued drive to address efficiency and innovative products and services in line with consumer demand, the company has maintained its double-digit growth trajectory that in turn, has ensured an increased dividend payout to shareholders. By continuing to invest in the business, du strives to deliver consistently excellent service for customers, generate long term value for all shareholders and contribute to the growth of the UAE s economy. Highlights for the full year 2014: Revenues grew to AED 12.2 billion, a 13.3% increase compared to 2013 (AED 10.80 billion) Mobile data revenues increased by 18% year on year, from AED 2.36 billion in 2013 to AED 2.79 billion, with Data now representing 29.7% of mobile service revenues Fixed line revenue grew to AED 2.25 billion, up 31.3% over the course of 2013 EBITDA increased 16.8% to AED 5.03 billion versus AED 4.31 billion in 2013 Net profit before royalty grew 22.8% year-on-year to AED 3.70 billion versus 2013 (AED 3.01 billion) Net profit after royalty stood at AED 2.11 billion up from AED 1.99 billion in 2013 despite an increase in royalty of 55% year-on-year Free cash flow reached AED 2.19 billion down from AED 2.33 billion in 2013 Proposed final dividend payment of AED 0.20 bringing the total annual dividend payment to AED 0.32 Highlights for the fourth quarter: Revenues in Q4 2014 reached AED 3.23 billion, a 12.4% increase on Q4 2013 (AED 2.87 billion) EBITDA grew to AED 1.27 billion up 17.8% compared to Q4 2013 (AED 1.08 billion) Net profit before royalty was AED 915.6 million in Q4 2014 a 27.8% increase compared to Q4 2013 (AED 716.7 million) In Q4 2014, Net profit after royalty decreased to AED 512.7 million from Q4 2013 (AED 570.3 million) Total mobile customer base grew to 7.34 million by the end of Q4 2014 from 7.24 million in Q4 2013 Operational highlights: We were named the official Smart City partner for the Dubai Government for its flagship WiFi UAE initiative and we will be deploying free wifi in popular locations across the Emirate and providing customers with a seamless experience when it comes to accessing and using data Securing a major contract with the UAE Federal Government to build and design the environment required for the Government s FEDnet initiative, which will provide high speed connectivity and consolidation between the various existing e-government systems Leveraging our stake in the Khazna data center to provide both internal and external efficiencies Migrating more of our own infrastructure into the data centre in order to save significant operational costs, and increasing our data centre capability for our Enterprise customers

Introducing Business Roaming Packs to offer corporates greater flexibility, value and continued connectivity with their employees when travelling overseas, and a set of social media and email bundles tailored to the roaming requirements of business customers Launching daily and monthly social media bundles for pre-paid and post-paid customer segments, allowing people to stay connected more easily via their favourite social media apps Offering greater flexibility to customers through a new multiscreen feature to enable them to watch their favourite programmes on their mobile devices Extending our 3G and 4G network, enhancing our capability and coverage and rolling out our fibre optic network Ahmad Bin Byat, Chairman of du, said: I am honored to report another year of solid growth for our company. In line with our strategic objectives, 2014 saw us continue to deliver excellent results and consistent shareholder value, with a commitment towards developing our talent and Emiratisation strategy. We are focused on increasing value for our customers, and delivering more value to our shareholders. As such, we have cited 2015 as the year of innovation, in line with His Highness Sheikh Mohammed bin Rashid Al Maktoum s new innovation strategy. By embedding a culture of creativity and entrepreneurialism throughout our business we are focused on implementing cutting-edge solutions designed to enhance our customers experience. We will also remain committed to working with our esteemed partners to deliver on the Smart Government strategy and will continue to deliver against the Smart City initiatives as we help to make Dubai the smartest place on Earth. We are very proud to have been named as an official Smart City partner for the Government and our flagship initiative, Wifi UAE, will allow us to play an important part in moulding Dubai s future as a Smart City. Osman Sultan, du s Chief Executive Officer, commented: 2014 was a very good year for us as we continued to deliver robust growth across all financial indicators. A solid and structured strategy implemented throughout the year, focused on the delivery and value of growth, allowed us to deliver improved financial and operational efficiency and growth in a profitable way to our shareholders. By focusing on efficiency and fostering innovative techniques, policies, services and mechanisms, we have delivered strong growth in both revenues and net profit, achieving one of the highest growth rates for telecommunications companies, not just in the UAE, but also across the region. We achieved revenue of AED 12.2 billion, 13.3% higher than 2013, maintaining the significant momentum we have demonstrated since we began our services in 2007. Our strong performance was reflected in our net profit before royalty indicator, which increased 22.8% year-on-year to AED 3.70 billion versus 2013. EBITDA for the year reached AED 5.03 billion, an annual increase of 16.8%. Data continued to drive the momentum in our business as customers demand for connectivity remained strong. As a result, demand translated into growth in mobile data revenue of 18% year on year, from AED 2.36 billion in 2013 to AED 2.79 billion, with Data now representing 29.7% of mobile service revenues. ENDS

Results Analysis Total Revenue Revenues for the fourth quarter were AED 3.23 billion, a 12.4% increase on Q4 2013 (AED 2.87 billion). The increase in revenue growth overall was driven by consistent data revenues and a number of additional data services implemented. The continued focus on the post-paid segment also contributed to the significant revenue growth. Mobile data revenue increased by 18% to AED 2.36 billion compared to 2013 and fixed line revenue grew to AED 2.25 billion, up 29.9% over the course of 2014. The company remains focused on innovation and improving service experience to retain high value customers across all segments. Mobile and Fixed Customer The company is proud to serve approximately 7.3 million active mobile subscribers. The steady increase of the total mobile subscriber base year-on-year is an acknowledgement of du s attention to product innovation and customer service. In Q4 2014, there was a slight increase in mobile revenue to AED 2.43 billion from AED 2.19 billion in Q4 2013 driven by natural seasonal churn. Du s commitment to wider marketing initiatives rolled out in Q4 2014 should result in an up-tick in revenues for the coming quarter. ARPU lifted slightly in Q4 2014, by 5.6% to AED 109.3 per user from AED 103.5 per user in Q4 2013. This bucks the industry trend of an overall decline in ARPU. du is likely to continue to experience pricing pressures from competitors and the popularity of VOIP services, a trend the entire industry is facing in future quarters.

Mobile Data Mobile data revenue increased 18.5% to AED 768 million in Q4 2014 from AED 648 million in Q4 2013. A key challenge facing the industry is the difficulty in monetizing data services. Du is working towards solutions to this issue and as such, there are likely to be further developments in services for customers focused on driving revenue in this area.

EBITDA EBITDA in Q4 2014 increased by 17.8% compared to Q4 2013 from AED 1.08 billion in Q4 2013 to AED 1.27 billion in Q4 2014. However, year on year EBITDA saw a 16.8% increase reaching AED 5.03 billion for 2014.

Net Profit Before Royalty Du demonstrated continued growth in net profit before royalty of 27.8% year on year reaching AED 916 million in Q4 2014 compared to AED 717 million in Q4 2013. About du -ENDS- We opened for business in 2006. We offer mobile and fixed telephony, broadband connectivity and IPTV services to individuals, homes and businesses. We also provide carrier services for businesses and satellite up/downlink services for TV broadcasters. As a rapidly-growing enterprise, we have a team of experts working to enhance and expand our bouquet of service offerings. Our people come from over 60 countries - we mirror the rich cultural diversity of our nation, while being able to serve our customers in a variety of languages. We remain committed to providing fulfilling opportunities for quality talent in a cosmopolitan working environment. By the end of Q4 2014, more than 7 million individual customers and over 80,000 businesses have chosen to use our services. In 2013 we were awarded the Dubai Chamber CSR Label for the second year in recognition of our continuing commitment to CSR best practice and the Small Energy Award Golden Category at Emirates Energy Award for our LEED platinum-certified Fujairah retail shop. We were also awarded with the Premier Plan Best Business Service commsmea awards in 2013 and the award Best Cloud Provider for Datamena at Telecom Review Industry Awards.

du is 39.5 percent owned by Emirates Investment Authority, 20.08 percent by Mubadala Development Company PJSC, 19.5 percent by Emirates Communications and Technology LLC and the remaining stake by public shareholders. du is listed on the Dubai Financial Market (DFM) and trades under the name du Media Contacts: Bell Pottinger Nicola Hooper: nhooper@bell-pottinger.com +971 558862254 Rima Ali: rali@bell-pottinger.com +971 555597414