Investor Presentation Global Telecom Holding S.A.E Disclaimer
|
|
- Cameron Gilbert
- 6 years ago
- Views:
Transcription
1 Investor Presentation February 2016
2 Disclaimer This presentation is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy shares in Global Telecom Holding(the"Company"). Further, it does not constitute a recommendation by the Company or any other party to sell or buy shares in the Company or any other securities. This presentation includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates","expects","intends","plans","goal","target","aim","may","will","would","could" or"should" or, in each case, their negative or other variations or comparable terminology. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding the Company s strategic priorities and objectives and the anticipated benefits therefrom, exploration of various funding options to refinance the shareholder loan, and prospects are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, financial condition, performance, liquidity, dividend policy or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Important factors that could cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, the prices of the Company's products and services, the actions of competitors, the availability of credit, governmental regulation of the telecommunications industry in countries in which the Company operates, the effects of political uncertainty and economic conditions in the relevant areas in the world, the impact of foreign currency rates, taxation and unforeseen litigation. Forward-looking statements should, therefore, be construed in light of such factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this presentation. The Company expressly disclaims any obligation or undertaking (except as required by applicable law or regulatory obligation including under the rules of the Egyptian Exchange and the UK Listing Rules and the Disclosure and Transparency Rules of the Financial Conduct Authority), to release publicly any updates or revisions to any forward-looking statement, whether as a result of new information, future events or otherwise. 2
3 GTH a leading mobile operator in attractive emerging markets 409 million population coverage 1 Revenue million mobile customers (excluding Zimbabwe) 2 Pakistan Bangladesh Population 196m 20% Mobile Penetration 77% (real Algeria 59%) 46% # of customers 36.2m Pakistan 34% USD 2.9 billion Algeria Population 39m Mobile Penetration 110% # of customers 17.0m Zimbabwe Population 14m # of customers 2.0m (signed for sale) Bangladesh Population 160m Mobile Penetration 80% # of customers 32.3m Bangladesh 18% Pakistan 30% EBITDA 2015 Bangladesh 13% USD 1.3 billion OpFCF 2015 Algeria 52% Pakistan 19% USD 0.6 billion Algeria 68% 1. Population figures are provided by CIA The World Factbook 2. Based on consolidated mobile customers as at December 31, 2015; excluding Zimbabwe as signed for sale 3. Operating free cash flow defined as EBITDA Capex(excluding licenses) 4. % contribution calculated excluding HQ costs and other adjustments Note: All financials exclude Zimbabwe as it s held for sale 3
4 4Q15 Financial highlights Service revenue (USD million) EBITDA (USD million) % organic 1 YoY - 12% reported YoY 295 Mobile customers (million) million YoY EBITDA margin (%) 41.5 Service revenue organic increase of 0.2% YoY due to: Continued strong growth in Bangladesh and Pakistan Offset by decrease in Algeria EBITDA organic increase of 21.5% due to: The execution of the transformation program Continued cost efficiency initiatives Continued strong EBITDA margin of 41.5% Mobile data growth 70% YoY in 4Q % organic YoY - 1% reported YoY +3.7p.p. YoY Mobile customers decreased. However customer growth, excluding the impact of blocked unverified SIMs in Pakistan 1 Revenue organic growth are non-gaap financial measures that exclude the effect of foreign currency translation and certain items such as liquidations and disposals 4
5 4Q15 Income Statement USD millions 4Q15 4Q14 Change Service Revenue (12%) Other Revenue % Total Expense (417.7) (492.4) (15%) EBITDA (1%) Depreciation and amortization (155.3) (166.9) (7%) Gains/(losses) on sold property, equipment, intangibles, goodwill and (3.0) (4.9) (39%) scrapping Impairment loss & other operating gains / losses (82.5) (51.0) 62% Operating Income (29%) Financial expense (65.1) (155.3) (58%) Financial income 2.7 (5.8) n.m. Foreign Exchange Gain / Loss 8.7 (3.0) n.m. Profit (Loss) Before Tax 0.1 (88.2) n.m. Income Tax 21.7 (62.5) n.m. Profit for the Period 21.8 (150.7) n.m. Attributable to: Equity holders of the Parent (12.3) (153.6) (92%) Non controling Interest n.m. Net Income (loss) (86%) Earning per share (0.00) (0.03) (100%) Organic increase of 0.2% YoY 4Q15 lower depreciation is mainly related to the impairment of fixed assets 4Q15 mainly related to the impairment of the fixed assets Substantially decreased due to repayment of shareholder loan to VimpelCom in 1Q15 FOREX gain on EGP tax provision Tax gain from reversal of deferred tax liability on with-holding tax on undistributed dividends in Algeria in 4Q15 Minority interest increased due to sale of 51% in OTA in Algeria 5
6 Debt by entity As at 31 December 2015 Net debt / underlying 1 LTM EBITDA 1.5x Gross debt / underlying 1 LTM EBITDA 1.9x stable QoQ - 0.5x YoY - 0.1x QoQ - 2.1x YoY Outstanding debt(usd million) Type of debt Entity Loans Bonds Other Total GTH Holding 1, ,164 Pakistan Banglalink Algeria Total at principalamount 2, ,469 Interest accrued& arrangement fees 24 (3) nil 21 Total grossdebt 2, ,490 1 Underlying EBITDA excludes Algeria transaction 6
7 Significant upside in terms of mobile penetration & data usage Mobile Penetration 1 (%) Mobile Data Penetration 2 (%) Data Usage (MB / User) Western Europe Avg: 133% Western Europe Avg: 66% 43% 44% % 85% % 7% 60 Pakistan Bangladesh Algeria Algeria Bangladesh Pakistan Bangladesh Pakistan Algeria Notes 1. Mobile real penetration is for the market, based on sim cards number. Sources: AnalysysMason Research, Pakistan Telecommunications Authority, Bangladesh Telecommunications Authority (2014) 2. Based on Company estimates 2Q 15, where mobile data penetration = data users (number of SIM cards with data subscribed tariff plans) / mobile customers 7
8 Leading mobile operator with diversified footprint in attractive emerging markets Algeria Pakistan Bangladesh Market share 1 Market share 2 Market share % 30.0% 43.0% Djezzy Ooredoo ATM 8.7% Mobilink 19.3% 15.5% 29.1% Telenor Ufone Zong 27.4% Warid 21.6% 4.2% 6.9% 25.4% 41.8% Grameenphone Banglalink Robi Airtel Other Djezzy is the market leader in Algeria with the best customer experience Transformation program is ongoing; however, the market remains challenging with aggressive price competition. Mobilink holds the number 1 market position in Pakistan Combination with Waridto further strengthen market position and create best in class network Banglalink holds the number two market position since 2007 Strong lead in NPS due to strengthened network and attractive data offers 1 Market share as provided by regulator 8
9 Investor Presentation Global Telecom Holding S.A.E GTH focuses on the following six strategic priorities Structural improvements Algeria turnaround Optimize capital structure World class operations NPS leadership Best in class team Portfolio rationalization and consolidation Asset-light network model Disposal of non-core assets Expected sustainable increase in cash flow of USD 250 million 1 per annum by year 3 New revenue streams: Data growth B2B focus Digital leadership: MFS Big Data OTT partnerships 1 Performance transformation Transformation of cost base Increased Capex efficiency WC reduction 2 3 ¹ Is part of the VimpelComGroup target of USD 750 million 9
10 Algeria: transformation program ongoing DZD BILLION, UNLESS STATED OTHERWISE Service revenue -7% YoY Mobile customers (million) -3.9% YoY Transformation program ongoing, however market remains challenging with aggressive price competition Service revenue declined YoY due to highvalue customer churn and ARPU erosion Remained strong leader in NPS Data revenue doubled YoY 4Q14 3Q15 4Q15 Mobile 4Q14 4Q15 EBITDA Margin robust at 54.3% due to EBITDA and EBITDA margin % +39% YoY +11% (underlying) % 54.3% CAPEX excl. licenses and LTM CAPEX/revenue % +5.5% YoY 15.3% Favorable change in interconnect rates Impact of performance transformation program CAPEX increased due to further expansion of 3G to new regions 4Q14 3Q15 4Q15 4Q14 4Q15 1 4Q15 EBITDA negatively impacted by a one-off of DZD 1.3 billion related to transformation costs 4Q14 EBITDA negatively impacted by a one-off of DZD 4.3 billion related to Algeria closing transaction 10
11 Pakistan: continued revenue and EBITDA growth PKR BILLION, UNLESS STATED OTHERWISE Service revenue Q14 3Q15 4Q15 Mobile +4.2% YoY EBITDA and EBITDA margin +8% YoY +10% YoY(underlying 1 ) % 41.0% 40.5% Mobile customers (million) Q % YoY 4Q15 CAPEX excl. licenses and LTM CAPEX/revenue 35.0% -21% YoY % Mobile customers declined due to market SIM verification process (underlying customer base +3% YoY) Successful launch of co-branded handsets and smartphones Strong data revenue increase of 79% YoY and MFS revenue increase of 72% -MFS now 3% of service revenue EBITDA margin >40% for three consecutive quarters CAPEX decreased due to the completion of 2G modernization program at the end of 2014, with a substantial improvement in network and service quality 4Q14 3Q15 4Q15 4Q14 4Q15 1 4Q15 EBITDA negatively impacted by a one-off of PKR 0.2 billion related to transformation costs 11
12 Bangladesh: continued strong performance BDT BILLION, UNLESS STATED OTHERWISE Service revenue Q14 3Q15 4Q15 Mobile +5.7% YoY EBITDA and EBITDA margin % YoY +24% YoY (underlying 1 ) % 44.7% % Mobile customers (million) Q % YoY 4Q15 CAPEX excl. licenses and LTM CAPEX/revenue 31.7% -28.6% YoY % Customer growth 5% YoY driven by attractive simple tariff offering Strong lead in NPS due to strengthened network and attractive data offers Ongoing strong growth in data revenue at 65% YoY Robust underlying EBITDA Margin at 48%, excluding performance transformation costs and movements in provisions 4Q14 3Q15 4Q15 4Q14 4Q15 1 4Q15 EBITDA negatively impacted by a one-off of BDT 1.8 billion related to transformation costs 12
13 Strengthening our leadership position in Pakistan
14 Disclaimer This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of Forward-looking statements are statements that are not historical facts, and include statements regarding among other things, the expected timing of completion of the transaction, the expected final ownership stake that the Dhabi Group shareholders would acquire at completion; the expected benefits of the transaction, including synergies and network improvements; the expected level of network improvements and investments (including in 4G/LTE), and the expected timing of dividends. Any statement in this presentation that expresses or implies VimpelCom s or GTH s intentions, beliefs, expectations or predictions (and the assumptions underlying them) is a forward-looking statement. Forward-looking statements involve inherent risks, uncertainties and assumptions, including, without limitation, the possibility that: the conditions to completion will not be satisfied or waived or that the requisite regulatory approvals will not be obtained or will be obtained on terms not acceptable to the parties to the transaction; the expected benefits of the transaction may not materialize as expected or at all, due to, among other things, the parties inability to successfully implement integration strategies or otherwise realize the synergies anticipated; the businesses of either or both of Mobilink or Warid may not perform as expected prior to or following completion of the transaction due to uncertainty or other market factors; and other risks and uncertainties beyond the parties control may materialize. If such risks or uncertainties materialize or such assumptions prove incorrect, actual results could differ materially from those expressed or implied by such forward-looking statements and assumptions. Certain other risks that could cause actual results to differ materially from those discussed in any forward-looking statements include the risk factors described in VimpelCom s Annual Report on Form 20-F for the year ended December 31, 2014, and other public filings made by the VimpelCom with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this presentation are made as of the date hereof, and VimpelCom and GTH expressly disclaim any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this presentation. 14
15 In-market consolidation in Pakistan executing on strategy 6 Structural improvements New revenue streams 1 5 World class operations Delivering on strategy Digital leadership 2 4 Portfolio rationalization and consolidation Performance transformation 3 15
16 Mobilinkand Waridto merge, strengthening leadership position in Pakistan Strengthening leadership position in Pakistan Largest combined footprint and customer base of 45 million Largest network, with best quality and leading in high-speed data with almost 5,000 3G and 4G/LTE sites Delivering innovative, best-in-class mobile financial services to consumer, SME and corporate customers A superior customer experience through best-in-class service quality and focus on digital innovation Investment and innovation Enlarged and improved mobile network with over 80% population coverage (2G) Accelerated roll-out of 3G and 4G/LTE services Digital & MFS leader: Providing Waridcustomers with Mobilink MFS products Clear corporate governance VIP/GTH, through PMCL Mobilink, acquires 100% of the shares of Warid Telecom in exchange for the Dhabi Group shareholders receiving approximately 15% of the shares of PMCL Mobilink Substantive shareholder agreement to govern relationship between parties MergeCo management team led by Jeffrey Hedberg (CEO of Mobilink) and Andrew Kemp (CFO of Mobilink) Board consisting of 7 directors (6 nominated by VIP/GTH, 1 by the Dhabi Group shareholders) 4-year lock-in period, after which VIP/GTH has a right to acquire 100% Value creation USD 115 million annual run-rate cost synergies, 90% expected by third year post-closing; in excess of USD 500 million NPV cost synergies expected, net of integration costs Distributions projected within the first two years post-closing Leverage: Mobilink 1.8x Net debt/ebitda at signing Pro forma revenue and EBITDA margin of USD 1.4 billion and above 40% respectively 16
17 Transaction rationale A leading operator in Pakistan telecom market + - Superior customer experience New revenue opportunities Best-in-class mobile network Cost synergies 17
18 A leading operator in the Pakistan telecoms market A leading mobile operator (Mobile customer market share 1 ) Mobilink holds the number 1 market position (Market share 1 based on customers) Market position 38% 27% 19% 16% 29% 27% 19% 16% 9% Mobilink + Warid Telenor Zong Ufone Q15 Mobilink Telenor Ufone Zong Warid Largest tower portfolio # of towers Wide high-speed data networks # of high-speed stations c.5k 1.0k Network Scale c.8k c.9-10k 3.6k 1.0k 3.6k 4G/LTE 3G Mobilink Warid pro forma2 3G (Mobilink) 4G/LTE (Warid) Data networks (combined) Notes: 1 As of September after decommissioning 18
19 Superior customer experience Best coverage of over 80% population by 2G High quality of customer services Simple and transparent pricing Enhanced service delivery through digital platform To become #1 in NPS ranking, leveraging from the current solid position: Mobilink#2 Warid#1 19
20 New revenue opportunities + Owning and winning in the High Value and the B2B segments: Leading position in high-value and postpaid customers Serve corporates with full enterprise solution and M2M Digital & MFS leader: Mobilinkthe fastest growing MFS player in the market MobilinkMFS revenue 2.7% of total 2.5 million Mobilink MFS customers Providing Waridcustomers with access to our full range of MFS services including Mobicash Expanded MFS portfolio including: Money transfer Bill and loan payments Mobicash ATM Card Corporate solutions, etc. 20
21 Best-in-class mobile network Our plan is to enhance network capacity and qualityof service Targeted network investments in quality and coverage Network consolidation through migration of customers and integration of network elements Decommissioning of overlapping sites within two years of closing Accelerated expansion of 4G/LTE services 21
22 Identified cost synergies -total run-rate of USD 115 mln 1 Market facing & customer operations Integrated customer service Efficient channel and distribution model - Synergies run rate (USD million) 115 Network & IT Site decommissioning Common IT platforms Capex c. 25% OPEX c. 75% SG&A Scale impact Optimized organizational structure More than USD 500 million NPV from synergies 1, 90% expected by third year post-closing EPS accretive from the third year post-closing 2 1 After tax, NPV from synergies after integration costs 2 Assumes legal merger completed 22
23 Enhanced profitability and cash generation An operator with USD 1.4bn revenue (USD mln, LTM Sept 2015) EBITDA margin of 42% (USD mln, LTM Sept 2015 and % margin) Revenue and EBITDA 1, ,366 35% 483 7pp 42% 569 Mobilink Warid pro forma MergeCo 1 pro forma Mobilink Warid Run-rate synergies Operating Cash Flows (USD mln, LTM Sept 2015) Net Debt position (USD mln, Sept 2015) 290 Mobilink 380 OpCF 2 and Debt 175 Warid pro forma MergeCo 3 pro forma Limited impact on VIP Group leverage (+0.1x) acceptable impact on GTH Group leverage (+0.3x) Notes: 1 Including run-rate Opex synergies only 2 Defined as EBITDA Capex (excl. licenses) 3 Including run-rate Opexand Capex synergies 23
24 Key transaction terms Key terms VIP/GTH, though PMCL Mobilink, acquires 100% of the shares of WaridTelecom in exchange for the Dhabi Group shareholders receiving approximately 15% of the shares of PMCL Mobilink No cash contributions expected from VimpelCom/GTH or the Dhabi Group shareholders Conditional on fulfilment of various conditions; no break up fees VimpelCom/GTH will consolidate MergeCo Distribution policy will be at the discretion of VimpelCom/GTH; distributions expected within the first two years postclosing If the MergeCo stower assets are sold within four years post closing, the Dhabi Group shareholders will get an additional stake based on a pre-agreed formula Governance The Board of MergeCowill be composed of 7 directors of which 6 will be nominated by VimpelCom/GTH; resolutions of the Board shall in general be decided by majority, except for certain limited reserved matters MergeCois managed by: Jeffrey Hedberg Mobilink CEO Andrew Kemp Mobilink CFO Termination and Exit 4-year lock-in period, after which VimpelCom/GTH secured possibility to acquire 100%: The Dhabi Group shareholders can put shares of MergeCo to VimpelCom/GTH at fair market value VimpelCom/GTH can call shares of MergeCo at fair market value Key dates and approvals Expected closing of the share acquisition within next 6 months, subject to receiving required approvals The transaction is subject to approvals of Competition Commission of Pakistan, the Pakistan Telecommunication Authority, the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan 24
25 Transaction structure Step 1 share acquisition Step 2 legal merger VimpelCom VimpelCom 51.9% 51.9% GTH GTH ~85% ~85% PMCL Mobilink ~15% Dhabi Group shareholders PMCL Mobilink ~15% Dhabi Group shareholders 100% Warid Telecom Closing 6 months after announcement Merger 6 months after closing 25
26 Summary In-market optimization Algeria transaction Italy JV Pakistan transaction September 2014 October 2014 January 2015 March 2015 August 2015 November 2015 WIND Canada disposal TelecelGlobe Limited CAR and Burundi disposal Italy tower sale Zimbabwe disposal Portfolio rationalization Pakistan transaction: yet another step in strategy execution 26
27 Appendix
28 GTH accounting implications Mobilink and Warid transaction Upon closing of the share acquisition The acquisition of Warid will be accounted for as a business combination under IFRS The fair value of Warid sassets and liabilities will be taken over into the GTH consolidated balance sheet as of the date of closing The difference between the fair valued net asset of Waridtaken up in the GTH consolidated balance sheet and the fair value of consideration paid for Warid(including contingent consideration) will result in goodwill Goodwill is not amortized but an annual impairment test is performed Contingent consideration (i.e. tower earn-out) will be recorded as a liability at fair value on the closing date with any subsequent value changes recorded directly in the consolidated income statement The put option granted to the seller will be accounted for as a liability on the GTH consolidated balance sheet at the net present value of the future expected cash outflow to buy out the minority shares in Mobilink 28
29 Contacts For your inquiries, please contact: Ola Tayel Investor Relations Manager E: T: F: /54 W: 29
Investor Presentation
Investor Presentation November 2016 1 Disclaimer ThispresentationisforinformationpurposesonlyanddoesnotconstituteanoffertosellorthesolicitationofanoffertobuysharesinGlobalTelecomHolding(the "Company").Further,itdoesnotconstitutearecommendationbytheCompanyoranyotherpartytosellorbuysharesintheCompanyoranyothersecurities.This
More informationInvestor Presentation Global Telecom Holding S.A.E Disclaimer
Investor Presentation August 2016 Disclaimer This presentation is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy shares in Global Telecom
More informationInvestor Presentation
Investor Presentation September 2017 1 Disclaimer This presentation is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy shares in Global Telecom
More informationInvestor Presentation Global Telecom Holding S.A.E. 2014
Investor Presentation March 2014 Disclaimer This presentation contains forward-looking statements about Global Telecom Holding ( GTH ). Such statements are not historical facts and include expressions
More informationQ results and business update
Q1 2018 results and business update Amsterdam 14 May 2018 Vincenzo Nesci Chief Executive Officer Gerbrand Nijman Chief Financial Officer 1 Disclaimer This presentation is for information purposes only
More informationGLOBAL TELECOM REPORTS Q RESULTS
GLOBAL TELECOM REPORTS Q3 2016 RESULTS Q3 2016 HIGHLIGHTS 1 Reported revenue increased 8% due to consolidation of Warid Revenue organically stable due to: Double-digit growth in Pakistan Solid performance
More informationGLOBAL TELECOM REPORTS 1Q15 RESULTS
1Q15 HIGHLIGHTS 1 GLOBAL TELECOM REPORTS 1Q15 RESULTS Successfully closed transaction in Algeria and strengthened Djezzy s position and prospects for growth Revenue organically 2 declined 5% YoY due to
More informationGLOBAL TELECOM REPORTS Q RESULTS
GLOBAL TELECOM REPORTS Q1 2017 RESULTS Q1 2017 HIGHLIGHTS 1 Reported service revenue increased 5% YoY Service revenue decreased organically 5% YoY mainly due to weak performance in Algeria and leap year
More informationQ results and business update
Q3 2018 results and business update Amsterdam 8 November 2018 Vincenzo Nesci Chief Executive Officer Gerbrand Nijman Chief Financial Officer Disclaimer This presentation is for information purposes only
More informationGLOBAL TELECOM REPORTS Q RESULTS
GLOBAL TELECOM REPORTS Q4 2016 RESULTS Q4 2016 HIGHLIGHTS 1 Reported service revenue increased 7% due to the consolidation of Warid Service revenue decreased organically 2% mainly due to weak performance
More information9M18 9M17 Reported YoY Organic2 YoY Total customers (mln) % Organic 2 YoY
GLOBAL TELECOM REPORTS Q3 2018 RESULTS Q3 2018 HIGHLIGHTS 1 Total revenue increased organically 2 by 6.3% Mobile data revenue grew by 64.7% organically 2 Customer growth of 4.3% to 104 million, driven
More informationGLOBAL TELECOM REPORTS Q RESULTS
GLOBAL TELECOM REPORTS Q3 2017 RESULTS Q3 2017 HIGHLIGHTS 1 Reported service revenue decreased 3.3% YoY Service revenue decreased organically 2.3% YoY Mobile data organic revenue growth of 39.7% YoY Customer
More informationVIMPELCOM REPORTS CONTINUED OPERATIONAL IMPROVEMENTS AND INCREASED EPS IN 1Q15 RESULTS - ON TRACK TO DELIVER 2015 TARGETS
VIMPELCOM REPORTS CONTINUED OPERATIONAL IMPROVEMENTS AND INCREASED EPS IN 1Q15 RESULTS - ON TRACK TO DELIVER 2015 TARGETS KEY RESULTS AND DEVELOPMENTS IN 1Q15 Organic 1 results in line with management
More informationContent. 3Q13 Highlights 4. Shareholder Structure 5. Global Presence 6. Market Position 7. GTH Operations 8. Appendix 22. Page 3
Investor Presentation November 2013 Disclaimer This presentation contains forward-looking statements about Global Telecom Holding ( GTH ). Such statements are not historical facts and include expressions
More information22 F E B R U A R Y 2018 V E O N R E P O R T S F U L L Y E A R R E S U L T S W I T H R O B U S T F R E E
22 F E B R U A R Y 2018 V E O N R E P O R T S F U L L Y E A R 2 0 1 7 R E S U L T S W I T H R O B U S T F R E E C A S H F L O W G E N E R A T I O N O F O V E R U S D 1 B I L L I O N A N D A N N O U N C
More information8 N O V E M B E R 2018
8 N O V E M B E R 2018 V E O N R E P O R T S G O O D R E V E N U E A N D E B I T D A G R O W T H G U I D A N C E U P D A T E D T O R E F L E C T G O O D P R O G R E S S T O W A R D S F Y 2 0 1 8 F I N
More informationCreating Value Profitable Growth Strategy
Profitable Growth Strategy 2013-2015 London, January 16 th 2013 Jo Lunder CEO Delivering on the Value Agenda Objectives FY 11 Objectives 2012 2014 (announced 15 November 2011) YTD 3Q12 Revenue +5 % * CAGR
More informationOrascom Telecom Holding
Orascom Telecom Holding Investor Presentation September 2013 Disclaimer This presentation contains forward-looking statements about Orascom Telecom Holding ( OTH ). Such statements are not historical facts
More informationThird Quarter Global Telecom Holding 3Q14 0
Third Quarter 2014 Global Telecom Holding 3Q14 0 3Q14 Highlights 1 Total customers grew 5% YoY to reach 91.4 million, driven by strong growth in all operating units, particularly in Bangladesh. Revenue
More informationQ R E S ULT S. A m s t e r d a m, 1 4 M a y
Q 208 R E S ULT S A m s t e r d a m, 4 M a y 2 0 8 Disclaimer This presentation contains forward-looking statements, as the phrase is defined in Section 27A of the U.S. Securities Act of 933, as amended,
More informationCreating Value Investing in the Future
Creating Value Investing in the Future www.vimpelcom.com ipad App 1 A well diversified leading international mobile operator Headquartered in Amsterdam Mobile customers 218 million2 Countries 14 Population
More informationS T R AT E G IC FRAME W O R K A ND Q R E S ULT S. A m s t e r d a m, 2 A u g u s t
S T R AT E G IC FRAME W O R K A ND Q 2 2018 R E S ULT S A m s t e r d a m, 2 A u g u s t 2 0 1 8 Agenda OPENING Richard James - Head of IR OVERVIEW AND PRIORITIES Ursula Burns - Executive Chairman COUNTRY
More information25 F E B R U A R Y
25 F E B R U A R Y 2 0 1 9 V E O N R E P O R T S G O O D F U L L Y E A R 2 0 1 8 R E S U L T S F Y 2 0 1 8 F I N A N C I A L T A R G E T S A C H I E V E D F I N A L D I V I D E N D O F US 17 C E N T S
More informationQ Results And Business Update
Q2 2017 Results And Business Update Amsterdam, 3 August 2017 Jean-Yves Charlier - Chief Executive Officer Andrew Davies - Chief Financial Officer Disclaimer This presentation contains forward-looking statements,
More information1Q 2014 Presentation. Amsterdam, May 14, Jo Lunder CEO Andrew Davies CFO. VimpelCom Ltd 2014
1Q 2014 Presentation Amsterdam, May 14, 2014 Jo Lunder CEO Andrew Davies CFO 1 Disclaimer This presentation contains forward-looking statements, as the phrase is defined in Section 27A of the Securities
More informationQ Results Investor Presentation. PLAY Communications 12 November 2018
Q3 2018 Results Investor Presentation PLAY Communications 12 November 2018 Disclaimer This presentation has been prepared by Play Communications S.A. s and its subsidiaries (together the PLAY Group ).
More informationN o v e m b e r
INVESTO R PRESENTAT ION N o v e m b e r 2 0 8 Disclaimer This presentation contains forward-looking statements, as the phrase is defined in Section 27A of the U.S. Securities Act of 933, as amended, and
More information1 4 M A Y 2018 V E O N R E P O R T S G O O D Q R E S U L T S W I T H F Y T A R G E T S C O N F I R M E D
1 4 M A Y 2018 V E O N R E P O R T S G O O D Q 1 2 0 1 8 R E S U L T S W I T H F Y 2 0 1 8 T A R G E T S C O N F I R M E D Amsterdam (14 May 2018) VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON) a leading
More informationCreating Value Investing in the Future
Creating Value Investing in the Future Investor Presentation September 2014 www.vimpelcom.com ipad App 1 A well diversified leading international mobile operator Mobile customers 220 million 2 Population
More informationAcquisition of UPC Austria: Creating a Fixed-Mobile Convergence Challenger in Austria Investor presentation
Acquisition of UPC Austria: Creating a Fixed-Mobile Convergence Challenger in Austria Investor presentation 22 December 2017 Disclaimer This presentation contains forward-looking statements that reflect
More informationQ results and business update
Q3 207 results and business update Amsterdam, 9 November 207 Jean-Yves Charlier - Chief Executive Officer Andrew Davies - Chief Financial Officer Disclaimer This presentation contains forward-looking statements,
More informationRESULTS 2Q16. Investor Relations Telefônica Brasil S.A. July, 2016
RESULTS Investor Relations Telefônica Brasil S.A. July, 2016 DISCLAIMER This presentation may contain forward-looking statements concerning future prospects and objectives regarding growth of the subscriber
More informationVIMPELCOM REPORTS 1Q14 RESULTS
VIMPELCOM REPORTS 1Q14 RESULTS KEY RESULTS AND DEVELOPMENTS IN 1Q14 Revenue declined organically 1 by 5% YoY to USD 5.0 billion EBITDA 2 declined organically 1 by 6% YoY to USD 2.1 billion Strong EBITDA
More informationSunrise Communications Group AG Investor Presentation, September 2015
Sunrise Communications Group AG Investor Presentation, September 2015 Disclaimer This document and any materials distributed in connection herewith (including any oral statements) (together, the Presentation
More informationDisclaimer. Telenor Third Quarter 2012
Telenor Third Quarter 2012 Jon Fredrik Baksaas, CEO Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated
More informationVIMPELCOM DELIVERS SOLID PROFITABLE ORGANIC GROWTH IN 2Q12
VIMPELCOM DELIVERS SOLID PROFITABLE ORGANIC GROWTH IN 2Q12 KEY RESULTS AND DEVELOPMENTS IN 2Q12 * Revenues of USD 5.7 billion, with organic 1 growth of 4% YoY EBITDA of USD 2.5 billion, up 8% organically
More informationVIMPELCOM CONTINUES TO DELIVER ON STRATEGY WITH PROFITABLE ORGANIC GROWTH IN 3Q12
VIMPELCOM CONTINUES TO DELIVER ON STRATEGY WITH PROFITABLE ORGANIC GROWTH IN 3Q12 KEY RESULTS AND DEVELOPMENTS IN 3Q12 Revenues of USD 5.7 billion; organic 1 growth of 3% YoY EBITDA of USD 2.5 billion,
More informationSEHK: Interim Results. 12 August 2009
SEHK: 215 29 Interim Results 12 August 29 Disclaimer These materials have been prepared by Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH) solely for use at this presentation and have not
More informationTELENOR GROUP FIRST QUARTER Sigve Brekke, CEO
TELENOR GROUP FIRST QUARTER Sigve Brekke, CEO DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant
More information4Q13 and FY13. Global Telecom Holding 4Q13 0
4Q13 and FY13 Global Telecom Holding 4Q13 0 4Q13 Highlights 1 Total customers 2 grew 7% YoY to exceed 89 million. Revenue of USD 834 million, an organic 3 decline of 6% YoY, negatively impacted by regulatory
More informationTelenor Fourth Quarter Jon Fredrik Baksaas, CEO
Telenor Fourth Quarter 2011 Jon Fredrik Baksaas, CEO Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated
More informationExpanding our growth platform. February 2011
Expanding our growth platform 0 VimpelCom 2011 Forward-looking statements This presentation contains "forward-looking statements. Forward-looking statements provide VimpelCom Ltd.'s current expectations
More informationVivo Investor Day. David Melcon Chief Financial Officer. New York March 12 th 2018
Vivo Investor Day David Melcon Chief Financial Officer New York March 12 th 2018 Disclaimer This presentation may contain forwardlooking statements concerning future prospects and objectives regarding
More informationTELENOR GROUP THIRD QUARTER Sigve Brekke, CEO
TELENOR GROUP THIRD QUARTER Sigve Brekke, CEO DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant
More informationVimpelCom combines with Weather to create new global telecom group
VimpelCom combines with Weather to create new global telecom group Amsterdam, October 4, 2010: VimpelCom Ltd. ( VimpelCom ) and Weather Investments S.p.A. ( Weather ) are pleased to announce that they
More informationHellas Group 3nd Quarter 2007 Results. November 15, 2007
Hellas Group 3nd Quarter 2007 Results November 15, 2007 Forward looking statement This presentation includes forward-looking statements. These forward-looking statements include all matters that are not
More informationEtisalat Group 4Q 2017 Results Presentation. 22 February 2018 Abu Dhabi, UAE
Etisalat Group 4Q 2017 Results Presentation 22 February 2018 Abu Dhabi, UAE Disclaimer Emirates Telecommunications Group Company PJSC and its subsidiaries ( Etisalat Group or the Company ) have prepared
More informationUSD mln Pro forma Actual
STRONG ORGANIC REVENUE AND EBITDA GROWTH IN 1Q12 KEY RESULTS AND DEVELOPMENTS IN 1Q12* Organic Revenue growth of 6% YoY; revenues of USD 5.6 billion Organic EBITDA growth of 5% YoY; EBITDA of USD 2.3 billion
More informationPT XL AXIATA TBK. 9M 18
Disclaimer This document contains certain financial information and results of operations, and may also contain certain projections, plans, strategies and objectives of XL Axiata, that are not statements
More informationAxiata Group Berhad. 1Q 2017 Results. 25 May Tan Sri Jamaludin Ibrahim, President & Group CEO Vivek Sood, Group CFO
Axiata Group Berhad 1Q 2017 Results 25 May 2017 Tan Sri Jamaludin Ibrahim, President & Group CEO Vivek Sood, Group CFO Executive summary: Financials YoY within guidance, QoQ encouraging signs. 1Q17 double
More informationTransaction overview. The combined company will have: Revenues of US$5,9 Bn EBITDA of US$1,8 Bn (EBITDA Capex) of US$0,4 Bn
0 Disclaimer This presentation may include statements that could constitute forward-looking statements, including, but not limited to Telecom Argentina s (the Company ) and it s management expectations
More informationEtisalat Group Results Q March 2016 Abu Dhabi
Etisalat Group Results Q4 2015 10 March 2016 Abu Dhabi Disclaimer Emirates Telecommunications Corporation and its subsidiaries ( Etisalat or the Company ) have prepared this presentation ( Presentation
More informationDEUTSCHE TELEKOM Q2/2018 RESULTS
DEUTSCHE TELEKOM Q2/2018 RESULTS DISCLAIMER This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forward-looking
More informationDEUTSCHE TELEKOM Q3/2018 RESULTS. Not to be released until November 8, 2018 Start statement Timotheus Höttges
DEUTSCHE TELEKOM Q3/2018 RESULTS Not to be released until November 8, 2018 Start statement Timotheus Höttges DISCLAIMER This presentation contains forward-looking statements that reflect the current views
More informationGrameenphone Ltd. Business highlights. Michael Patrick Foley, CEO
Grameenphone Ltd. Business highlights Michael Patrick Foley, CEO Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be
More informationCorporate Presentation. Investor Relations Telefônica Brasil S.A. March, 2017
Corporate Presentation Investor Relations Telefônica Brasil S.A. March, 2017 DISCLAIMER This presentation may contain forward-looking statements concerning future prospects and objectives regarding growth
More informationRESULTS 1Q17. Investor Relations Telefônica Brasil S.A. May, 2017
RESULTS Investor Relations Telefônica Brasil S.A. May, 2017 DISCLAIMER This presentation may contain forward-looking statements concerning future prospects and objectives regarding growth of the subscriber
More informationTelenor Second Quarter 2004
Telenor Second Quarter Group Overview Jon Fredrik Baksaas CEO Record quarter strong domestic operations Revenue growth of 18% to 15.6 NOKbn Mobile: Revenue growth of 42% EBITDA 5.7 NOKbn - improved by
More informationDisclaimer. Forward Looking Statements
Q3 2016 Results PLAY Investor Presentation November 22, 2016 Disclaimer This presentation has been prepared by P4 Sp. z o.o. ( PLAY ). The information contained in this presentation is for information
More informationTelenor consolidates the Nordic portfolio Acquires majority stake in DNA in Finland. Investor Presentation, 9 April 2019
Telenor consolidates the Nordic portfolio Acquires majority stake in DNA in Finland Investor Presentation, 9 April 2019 1 Disclaimer The following presentation is being made only to, and is only directed
More informationETISALAT GROUP Q RESULTS PRESENTATION - ABU DHABI, UAE
ETISALAT GROUP Q2 2018 RESULTS PRESENTATION - ABU DHABI, UAE 25TH JULY 2018 1 Etisalat Group Q1 2018 Results Presentation DISCLAIMER Emirates Telecommunications Group Company PJSC and its subsidiaries
More informationTELENOR GROUP SECOND QUARTER Sigve Brekke, CEO
TELENOR GROUP SECOND QUARTER Sigve Brekke, CEO DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant
More informationTelecommunications. Operations Review
Operations Review Telecommunications 3 UK reaches an agreement with Telefónica SA to acquire O 2 UK to provide UK customers with better service and innovation. 52 CK Hutchison Holdings Limited United Kingdom
More informationCreating Value by Accelerating Transformation & Growth
Creating Value by Accelerating Transformation & Growth Univar Announces Agreement to Acquire Nexeo September 17, 2018 1 2018 Univar, Inc. All rights reserved. Forward-Looking Statements This communication
More informationCombination of Orange UK & T-Mobile UK: Creating a new mobile champion. 8 September 2009
Combination of Orange UK & T-Mobile UK: Creating a new mobile champion 8 September 2009 Deutsche Telekom Disclaimer This presentation contains forward-looking statements that reflect the current views
More informationHellas Group 4th Quarter 2007 Results. February 19, 2008
Hellas Group 4th Quarter 2007 Results February 19, 2008 Forward looking statement This presentation includes forward-looking statements. These forward-looking statements include all matters that are not
More informationQ Interim report January June 2018
Interim report January June Contents Highlights and Group performance 1 Outlook for 1 Interim report 5 Telenor s operations 5 Group performance 10 Interim condensed financial information 12 Notes to the
More informationOrange financial results
H1 2016 Orange financial results Stéphane Richard Chairman and CEO Ramon Fernandez Deputy CEO, Chief Financial and Strategy Officer 23 February 2017 FY Disclaimer This presentation contains forward-looking
More informationEstablishing a Market Leadership Position in Cambodia. 13 December 2012
Establishing a Market Leadership Position in Cambodia 13 December 2012 Strategic Combination Overview Axiata Group Berhad ( Axiata ) is establishing a market leadership position in the Cambodian mobile
More informationDisclaimer. Telenor Second Quarter 2010
Telenor Second Quarter 2010 Jon Fredrik Baksaas, President and CEO Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS TELEFONICA CELULAR DEL PARAGUAY S.A. As at and for the three month period ended 31 March 2017 1. Overview We are a
More informationSource: ACAML Research
Grameenphone October 30, 2014 ACAML Research research@acaml.com.bd Grameenphone Q3 14 Earnings Release DSE & CSE Ticker: GP Short term business challenges tarnished top line growth while strong data sub
More informationResults 3Q18. Investor Relations Telefônica Brasil S.A. October, 2018
Results Investor Relations Telefônica Brasil S.A. October, 2018 Disclaimer This presentation may contain forwardlooking statements concerning future prospects and objectives regarding growth of the subscriber
More informationRESULTS 3Q17. Investor Relations Telefônica Brasil S.A. October, 2017
RESULTS 3Q17 Investor Relations Telefônica Brasil S.A. October, 2017 DISCLAIMER This presentation may contain forward-looking statements concerning future prospects and objectives regarding growth of the
More informationResults for the Year Ended December 31, 2017
Results for the Year Ended December 31, 2017 K-IFRS, Non-audited February 5, 2018 Disclaimer This presentation contains forward-looking statements with respect to the financial condition, results of operations
More informationOrascom Telecom Second Quarter ORASCOM TELECOM HOLDING Second Quarter 2012
ORASCOM TELECOM HOLDING Second Quarter 2012 P a g e 1 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. Content 1. Highlights 2 2. Performance
More informationImportant Information for Investors and Stockholders
March 1, 2010 Important Information for Investors and Stockholders This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any
More informationQ Results PLAY Investor Presentation. PLAY, November 2017
Q3 2017 Results PLAY Investor Presentation PLAY, November 2017 Disclaimer This presentation has been prepared by Communications S.A. s and its subsidiaries (together the PLAY Group ). The information contained
More informationUnited Rentals to Acquire RSC Holdings
United Rentals to Acquire RSC Holdings Investor Presentation DECEMBER 2011 Introductory Information Cautionary Statement Regarding Forward-Looking Statements This document contains forward-looking statements
More informationTelenor Group. Jon Fredrik Baksaas, CEO DNB Nordic TMT Conference
Telenor Group Jon Fredrik Baksaas, CEO DNB Nordic TMT Conference Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be
More informationOrascom Telecom Fourth Quarter ORASCOM TELECOM HOLDING Fourth Quarter 2012
ORASCOM TELECOM HOLDING Fourth Quarter 2012 P a g e 1 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. Content 1. 4Q12 Highlights 2 2.
More informationETISALAT GROUP Q RESULTS PRESENTATION - ABU DHABI, UAE
ETISALAT GROUP Q4 2018 RESULTS PRESENTATION - ABU DHABI, UAE 20TH FEBRUARY 2019 1 DISCLAIMER Emirates Telecommunications Group Company PJSC and its subsidiaries ( Etisalat Group or the Company ) have prepared
More informationTELENOR GROUP SECOND QUARTER Sigve Brekke, CEO
TELENOR GROUP SECOND QUARTER Sigve Brekke, CEO DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant
More informationMAGYAR TELEKOM GROUP Q RESULTS PRESENTATION MAY 10, 2017
MAGYAR TELEKOM GROUP Q1 217 RESULTS PRESENTATION MAY 1, 217 Q1 217 FINANCIAL RESULTS AND 217 TARGETS* REVENUE EBITDA CAPEX Q1 217 vs. Q1 216 HUF 14.5 bn (+1.6%) Revenue growth in mobile driven by mobile
More informationFinancial results for Q4 and the full year 2017
Financial results for Q4 and the full year 2017 22 March 2018 Cyfrowy Polsat S.A. Capital Group Disclaimer This presentation may include forward-looking statements, understood as all statements (other
More informationTELENOR GROUP FOURTH QUARTER Jørgen C. Arentz Rostrup, CFO
TELENOR GROUP FOURTH QUARTER Jørgen C. Arentz Rostrup, CFO DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated
More information2015 First Quarter Results Ended March 31, May 13, 2015
2015 First Quarter Results Ended March 31, 2015 May 13, 2015 Agenda 1 Strategic Update Marco Sala, CEO, International Game Technology PLC 2 Q1 15 Results Alberto Fornaro, CFO, International Game Technology
More information1Q16 Results. 28 April 2016
1Q16 Results 28 April 2016 1Q16 Key highlights 1 1 Inflexion point in residential subs (+1.5k vs. 4Q15), both in fixed and mobile customers, providing high value products to our customers (80% of gross
More informationTelenor Third Quarter 2006
Telenor Third Quarter Group Overview Jon Fredrik Baksaas President and CEO The following presentations are being made only to, and is only directed at, persons to whom such presentation may lawfully be
More informationTELENOR GROUP THIRD QUARTER Sigve Brekke, CEO
TELENOR GROUP THIRD QUARTER Sigve Brekke, CEO DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant
More informationDisclaimer. Telenor Fourth Quarter 2010
Telenor Fourth Quarter 2010 Jon Fredrik Baksaas, President and CEO Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be
More informationAltice Europe N.V. Q Results November 21, 2018
Altice Europe N.V. Q3 2018 Results November 21, 2018 Disclaimer FORWARD-LOOKING STATEMENTS Certain statements in this presentation constitute forward-looking statements. These forward-looking statements
More informationTelenor Group First Quarter Jon Fredrik Baksaas, CEO
Telenor Group First Quarter 2015 Jon Fredrik Baksaas, CEO Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated
More informationDisclaimer. Forward Looking Statements
Q4 and Full Year 2016 Results PLAY Investor Presentation February 28, 2017 Disclaimer This presentation has been prepared by P4 Sp. z o.o. ( PLAY ). The information contained in this presentation is for
More informationResults for the Year Ended December 31, 2016
Results for the Year Ended December 31, 2016 K-IFRS, Non-audited February 3rd, 2017 0 Disclaimer This presentation contains forward-looking statements with respect to the financial condition, results of
More informationGrameenphone Ltd. First Quarter. Michael Patrick Foley, CEO
Grameenphone Ltd. First Quarter Michael Patrick Foley, CEO Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated
More information2Q18 RESULTS. Rio de Janeiro, August 13, 2018
RESULTS Rio de Janeiro, August 13, 2018 IMPORTANT NOTICE This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and the applicable
More informationA Superior Cash Proposal for Sky. Tuesday, February 27
A Superior Cash Proposal for Sky Tuesday, February 27 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
More informationEmirates Telecommunications Group Company PJSC Etisalat Group
26 October 2016 Head Office: Etisalat Building PO Box 3838 Abu Dhabi, UAE Investor Relations: ir@etisalat.ae Financial Highlights for Q3 2016 Aggregate subscriber base closed at 162 million representing
More informationWind Tre First Half 2018 Results. 1 August 2018
Wind Tre First Half 2018 Results 1 August 2018 H1 2018 highlights External environment Market Persistent and intense competition in both mobile and fixed markets Pricing pressure led by new entrant, main
More information