Grameenphone Ltd. The Year Vivek Sood, CEO

Transcription

1 Grameenphone Ltd. The Year 2012 Vivek Sood, CEO

2 2012: Stronger Economy Kept GDP Growth momentum ~6.3% Moderate single digit Inflation 2.5% currency appreciation Record high foreign currency reserve 31% power tariff hike 14% industry subscriber growth 2

3 2012: A Happening Year Subscriptions (Mn) and Market Share 2G License renewal Intense competition % Regulatory directives Operational excellence Healthy bottom line 44% 43% 41% Growth% 3

4 2012: Turning around the Market Rebalancing value for money Distribution and retail engagement Market visibility Focus on retention Customer centricity Winning every day mindset 4

5 2012: Promising trend from non voice Growing data users Internet Utshab Affordable mini-packs SMS and mobile contents Contributing adjacent business GPIT Wholesale 5

6 2012: Maintaining Superior Network Quality Ensure best coverage and quality Uphold best network perception 99%+ population ~90% geographic Efficient utilization of national asset Promoting green technology; 162 solar power base stations Modernized network ready for future technology 40% less energy & footprint 6

7 2012: Recognition by Experts from Home & Abroad Connected World Awards Emerging Market Service Provider of the Year Best Presented Annual Report for 2011 Best Investor Relations Practice 7

8 2012: Regulatory Landscape BTRC Directive on Tariff Structure BTRC Directive on new SIM Registration Process Implemented 10-sec pulse billing and eliminated call setup charges. Discontinued sale of pre-activated SIMs. Implemented new registration process involving activation upon ID verification. VAT on 2G License Payments Upcoming 3G License Implementation of intra-ministerial resolution not yet in place. Waiting for final round of consultation. Auction date to be set after final guideline. National Telecom Policy MoPT invited for public consultation. 8

9 Grameenphone Ltd. The Year 2012 Fridtjof Rusten, CFO

10 2012: Single digit Revenue growth, stable EBITDA% Revenues (BDT Bn) and EBITDA% Single digit revenue growth Tariff directive by regulator % Increased competition Rural penetration, ARPU dilution 50% 53% 53% Increasing contribution from non-voice and adjacent business Increased regulatory opex and market spending Revenues (BDT Bn) and EBITDA% Inflation and energy price hike - 0.8% Continuous cost optimization 55% 55% 52% 52% 54% Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Revenue Growth% YoY 10

11 2012: Improving underlying net profits Net Profits (BDT Bn) and NPAT% Amortization cost of 2G license from Q1 12 Notional interest cost against 2G license payments from Q % % 21% 19% Interest payments on debt Lower income tax expenses Net Profits (BDT Bn) and NPAT% % % 22% 19% 14% 20% Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Net Profit Growth% YoY 11

12 2012: Key Financial Figures EPS impacted by amortization and interest costs Lower NOCF from higher income tax, interest, and vendor payments Earnings per Share (BDT) Reduced net asset value from dividend payments NOCF (BDT Bn) and NOCF/Share (BDT) 40.6 NAV (BDT Bn) and NAV/Share (BDT)

13 2012: Continued investment and contribution Capex (BDT Bn) and Capex/Sales% BDT 12.6Bn* investment in 2012 to improve network quality, BDT 213Bn since inception * Increased contribution to government exchequer, BDT 309Bn since inception 11.3% 14.6% 13.7% Striving for the betterment of shareholders and the nation at large Contribution to Government (BDT Bn) * Excluding 2G License 2G License payments 13

14 2012: Final Dividend for 2012 Recommended final dividend for 5 per share. Total cash dividend for 2012 BDT 14 per share including BDT 9 per share cash interim dividend. Record date for entitlement 20 th Feb 12 Subject to approval in the 16 th AGM on 10 th April

15 Q&A 15